Masters in Supply Chain Management in Australia : Top Universities, Courses, Fees & Admission (2023)

Why Study Masters in Supply Chain Management in Australia?

• Studying Master's in Supply Chain Management in Australia has numerous benefits. Australia is the biggest player in the global supply chain industry, and the country has a strong economy with a stable political environment. The country is the hub for the best multinational companies operating in various sectors, such as mining, agriculture, and manufacturing. Studying the course in Australia provides an opportunity to learn from experts in the field, network with professionals, and gain practical experience through internships and industry placements.
• Australia is also known for its high-quality education system, and the universities in the country have a reputation for excellence. TheMasters in Supply Chain Management in Australiaprogram is designed to provide students with a comprehensive understanding of the supply chain industry, focusing on logistics, procurement, and operations management. The course covers supply chain strategy, inventory management, demand forecasting, and sustainable supply chain practices.
• Studying Master's in Supply Chain Management in Australia also provides an opportunity for students to develop their soft skills, such as communication, leadership, and teamwork. The course is interactive and collaborative, with group projects, case studies, and simulations. This approach to learning ensures that students are well-prepared for the demands of the industry, where collaboration and communication are essential.

Masters in Supply Chain Management in Australia Highlight

Types of Masters Supply Chain Management in Australia

Supply chain management is a broad field that covers various areas such as procurement, logistics, operations management, and more.Universities for masters in supply chain management in Australiaofferseveral types of Master in Supply Chain Management specializations to choose from depending on their interests and career goals. These specializations include:

Master of Supply Chain Management

The Master of Supply Chain Management is a general program that provides students with a broad understanding of supply chain management principles and practices. The program covers topics such as procurement, logistics, operations management, and supply chain strategy.

Master of Logistics and Supply Chain Management

The Master of Logistics and Supply Chain Management focuses on the logistics and transportation aspects of supply chain management. The program covers freight management, transportation planning, and supply chain optimization.

Master of Operations and Supply Chain Management

The Master of Operations and Supply Chain Management is a program based on the manufacturing and production aspects of supply chain management. The program covers topics such as inventory management, production planning, and quality control.

Master of Global Supply Chain Management

The Master of Global Supply Chain Management program is established to address the global aspects of supply chain management. The program covers international trade, global logistics, and cross-cultural management.

Master of Business Administration (MBA) in Supply Chain Management

The MBA in Supply Chain Management combines business management principles with supply chain management knowledge. The program covers strategic management, finance, marketing, and supply chain strategy.

Best Universities for Masters in Supply Chain Management in Australia

Course Curriculum of Masters in Supply Chain Management in Australia

The course curriculum ofMasters in Supply Chain Management in Australiavaries depending on the university but generally covers the following topics:

• Supply Chain Management Fundamentals
• Logistics and Transportation Management
• Procurement and Purchasing Management
• Demand Planning and Forecasting
• Operations Management
• Supply Chain Risk Management
• Sustainable Supply Chain Management
• Supply Chain Analytics and Technology

Students must also complete a capstone project to apply the knowledge and skills learned throughout the course to a real-world problem.

Eligibility Criteria for Masters in Supply Chain Management in Australia Admission

Candidates who have finished a UG program in a business-related discipline are generally qualified for theMaster in Supply Chain Management in Australia admission. The following are the basic requirements for eligibility across universities:

• Bachelor’s degree in Supply Chain Management or equivalent with at least 4.5 GPA out of 7.
• Bachelor’s degree or higher qualification in a non-cognate discipline with at least 2 years of relevant experience.
• Proof of English Proficiency:
  • IELTS: 6.5 (with no band less than 6.0)
  • TOEFL (paper test): 577 with TWE 4.5
  • TOEFL (internet): 79 with Writing 21, Speaking 18, Reading 13, Listening 13
  • Pearson Test of English (Academic): 58-64 inclusive and no communicative skill below 50
• Standardized Test Scores:
  • GRE score: 160 in Verbal and 164 in Quant
  • GMAT score: 550 overal

Master in Supply Chain Management in Australia Requirements

If you are interested in pursuing a degree, it is important to know theMaster in Supply Chain Management in Australia Requirements. Here are the general requirements:

• Academic Qualifications -To be eligible for a Masters in Supply Chain Management program in Australia, you must have a relevant undergraduate degree. The degree should be in a relevant field, such as logistics, supply chain management, or business.
• English Language Proficiency -To be accepted into a Masters's in Supply Chain Management program in Australia, you must demonstrate a high level of English proficiency. This usually requires a minimum score of 6.5 in the International English Language Testing System (IELTS).
• Work Experience -ManyMasters in Supply Chain Management in Australia programs require applicants to have relevant work experience as the programs are designed for working professionals looking to advance their careers.
• Exam Requirements -Some Masters in Supply Chain Management programs in Australia require applicants to take the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE) and have a GRE Score of 160 in Verbal and 164 in Quant and a GMAT score of 500 overall.

Other supporting documents

• Official transcripts or certified copies of them
• Evidence of residency status
• 500-word SOP
• LORs
• GMAT/GRE scorecard
• Australia student visa
• Bank statement
• A valid passport
• An updated and presentable CV

Admission Process for the Masters in Supply Chain Management in Australia

The admission process for aMaster in Supply Chain Management in Australia involves the following steps:

1. Choose a university and program - Research and select the university and program best suit your career goals.
2. Check the admission requirements - Ensure you meet the admission requirements for your chosen program.
3. Prepare the necessary documents - Collect all the required documents and ensure that they are in order.
4. Apply for admission - Submit your application online or via mail, ensuring you meet the admission deadline.
5. Await admission decision - Wait for the university to review your application and make an admission decision. This process may take a few weeks to months.
6. Accept admission offer - If you receive an admission offer, accept it by the given deadline and pay the required fees.

Cost of Studying for the Masters in Supply Chain Management in Australia

There are several costs associated with pursuing a Master's in Supply Chain Management in Australia. Students must consider pre-arrival costs such as IELTS exam fees, visa application fees, and health insurance costs. The cost of living in Australia varies depending on the city and lifestyle, with expenses such as accommodation, transportation, and food being the most significant.

TheMasters in supply chain management in Australia Fees (AUD) vary from university to university. On average, the fees range from AUD 30,000 to AUD 60,000 per year. Most universities offer scholarships and financial aid to assist students in covering the cost.

Pre-arrival costs include the IELTS exam fees, which typically range from AUD 330 to AUD 350. Visa application fees range from AUD 650 to AUD 1,620, depending on the type of visa and the applicant's country of origin. Health insurance is mandatory for all international students in Australia and can cost anywhere from AUD 438 to AUD 2,250 per year, depending on the level of coverage.

The cost of living in Australiacan vary depending on the city and lifestyle. On average, a student can expect to spend around AU$21,041 for home and other expenses:

1. Groceries and eating out - $140 to $280 per week
2. Gas, electricity - $10 to $20
3. Phone and Internet - $15 to $30
4. Public transport - $30 to $60

Scholarships for Masters in Supply Chain Management in Australia

Studying for a Masters in Supply Chain Management in Australia can be expensive, especially for international students. Fortunately, many universities offer scholarships to help alleviate the financial burden. Below are some scholarships available for students studying for a Masters in Supply Chain Management in Australia:

• The University of Melbourne Graduate Research Scholarship
• The Monash International Merit Scholarship
• The University of Sydney International Scholarship
• The Australia Awards Scholarship

Masters in Supply Chain Management in Australia Scope

A Masters in Supply Chain Management opens up various job opportunities for graduates. Below are some of the bestMasters in supply chain management in Australia jobs:

• Supply Chain Manager: A supply chain manager oversees the entire supply chain process, from procurement to distribution. They ensure that the supply chain is efficient, cost-effective, and meets the needs of the business.
• Logistics Manager: A logistics manager supervises the movement of goods from the supplier to the customer. They ensure that the logistics process is efficient, cost-effective, and meets the needs of the business.
• Procurement Manager: A procurement manager source goods and services for the business. They ensure the procurement process is efficient, cost-effective, and meets the needs of the business.
• Operations Manager: An operations manager oversees the business's day-to-day operations. They ensure the business runs smoothly, efficiently and meets the customer's needs.
• Business Analyst: A business analyst analyzes business data to identify trends, patterns, and insights. They provide recommendations to the business on improving its supply chain processes.
• Consultant: A consultant provides advice and guidance to businesses on how to improve their supply chain processes. They work with companies to identify areas for improvement and develop strategies to improve efficiency and reduce costs.

Below is a table that highlights the average salary offered for each of these roles in Australia:

FAQs

Q. Is it worth it to do a Master's in Supply Chain Management in Australia?

Yes, pursuing a Master's in Supply Chain Management in Australia is worth it. The course is designed to provide students with the necessary skills and knowledge to excel in the industry. Furthermore, the Australian supply chain industry is growing, and there is a high demand for supply chain professionals.

Q. What are the requirements for a Master's in Supply Chain Management in Australia?

The requirements for a Master's in Supply Chain Management in Australia vary depending on the university. Generally, students must have a bachelor's degree in business, engineering, or logistics. Students must also provide English language proficiency test scores, such as IELTS or TOEFL.

Q. What are some of the top universities for Masters in Supply Chain Management in Australia?

Some top universities for a Master in Supply Chain Management in Australia are Monash University, University of Melbourne, RMIT University, University of Technology Sydney, and Curtin University.

Q. What is the average salary after completing Master in Supply Chain Management in Australia?

The average salary after completing a Master's in Supply Chain Management in Australia varies depending on the job role. However, students can expect to earn between AUD 80,000 to AUD 110,000 per year.