Apart from picking a university and course, your study abroad journey relies on various necessary steps like timely completion of the application process, good scores in competitive exams, acceptance letter from the university, etc. Getting a study Visa is a whole such step. Consequently, if you aspire to continue with higher studies, an MBA in Australia, or Masters’s in Australia, you will have to apply for the Subclass 500 or what is also referred to as the Australian Student Visa. This is the visa type for students who are all ready and prepared for higher study in Australia.