As far as as I know, no RPL (in the true sense of giving you credits on the course you are about to do, not just an entry into the course) or advance standing is likely to be given at the Masters level unless you have done postgraduate studies already or have very extensive industry experience (judging from the contents of your post, it does not sound like you have).
All you *might* get is an entry into the graduate certificate - it's unlikely for you to be accepted directly onto the masters without a first degree (many aviation postgraduate degrees are 'nested' course where you progress from graduate certificate, graduate diploma, and then onto the masters). Even for the graduate certificate, you may not get in with less than an ATPL (not just the exam passes) and 2-3 years of industry experience, unless you have already successfully completed some tertiary studies.
For Bachelors level course, you may get some of the subjects credited to you, but it's unusual to have exemptions on more than one year's worth without having done the undergraduate-level studies (even then, most courses have a limit on how much exemptions can be granted - the highest I've seen has been around 50% of the course requirements and that's for graduates, so you are unlikely to get that much credited with a CPL). So you're still likely to have to do at least 2 years' worth of full-time study.
Don't expect to complete your degree in 2 years (Bachelors or Masters) unless you are prepared to do it full-time. Most Masters are 18 months full-time, and if you have done no tertiary level studies before, don't try and take on a full-time postgraduate load until you are doing reasonably well with a part-time load (75%+ average), or you will be putting yourself under a lot of pressure or 'failing due to insufficient time'. Masters is hardly difficult but if you haven't done tertiary studies at university level before, you will not find the transition completely trouble-free. I can categorically say that ATPL subjects and writing postgraduate-level assignments are VERY different.
In fact, if you have not studied at 2nd or 3rd year undergraduate level before, I recommend you try some undergraduate studies beforehand and see how you go. They're easier, and much cheaper (about 50% of the cost) per subject. If you're consistently getting 80%+ in a subject or two of 2nd or 3rd year undergraduate level, then try the postgraduate (it will probably improve the chance of getting into a postgraduate course anyway).
You will also need to bear in mind the costs involved in doing a degree. Masters will set you back $20,000+. While you can get FEE-HELP, it will still need to be paid back. Undergraduate courses will not be much cheaper either (as you'll probably need to do most subjects for an undergraduate degree).
You also need to decide what you expect to get out of the course. If you are thinking it will improve your employability as a pilot, think again. You will be better off concentrating on getting more hours - no-one will give you a flying job if you don't meet their minimum hours requirements, regardless of what degree you have.
If I were you, I'd get something like Bachelor of Commerce, Bachelor of Engineering or something like that for the first degree, not Aviation Management etc, unless you already have stacks of industry experience (it does not have to necessarily be in aviation but in some form of a reasonably professional capacity) or you intend to put up with applying for a non-aviation graduate position when you've finished. Don't put all your eggs in one basket - it's much better to have a skill-set in a different industry like finance or engineering rather than limiting yourself to aviation.
Aviation degrees don't really count much in the aviation industry, to be honest, without the appropriate experience. With appropriate experience, you don't need an aviation degree either! So you have to assess the merit of doing one carefully. Plus there's not much kudos attached to having a degree - anyone can complete one with reasonably OK marks nowadays.
Postgraduate aviation degrees are far more suited to people who are in the aviation industry already and/or retired bods with lots of industry experience (or those who have a bachelor's degree in some cases) and you might struggle with the 'practical application' type of assignments if you do not have much industry experience - you can't always apply things to a real-life situation very well without much experience. On the other hand, if you do not have much theoretical-based knowledge, you might fall down on theoretical components.
To summarise, think carefully about what you want from a degree, read people's comments, and think some more about cost/benefits and make a decision.
Last edited by Oh that's super!; 21st Apr 2007 at 11:43.