Australian universities offer some of the best MBA programs to both domestic as well as international students. They are committed to encourage students to achieve their education goals and career goals. Presently, there are more than 50 Australian universities offering specialized MBA programs for a period of 16 months. They follow the trimester system in order to subsidise the MBA degree cost. Australian universities ensure to update the course as per the latest industry standards to help students cope up with the market during their employment. Students also have the flexibility of choosing their MBA subject from a broad range of fields including education management, sports management, banking and finance. Studying MBA in Australia could be an expensive affair for students especially when it comes to managing their other expenses like accommodation, living, travel and transportation. However, these expenses could be wisely managed if students make use of the different MBA scholarships in Australia and apply for them. The Australian government as well as the business institutions want to support students to further their academics by offering different types of financial aids. UniScholarz has listed a few of these MBA scholarships available for students.
MBA In Australia Requirements
Before you take a look at the list of MBA scholarships in Australia, make sure you have fulfilled the requirements for joining a B-school or a MBA university. Below is a list of such requirements that every student must meet.
- Bachelors’ degree in any field with a minimum score of 65%
- An up-to-date resume
- Two letters of recommendation/reference from the previous professors or employers
- A good GMAT or GRE score
- A minimum of 2 years of work experience in a business related or managerial field.
- English Proficiency requirement by means of IELTS with an approximate score of 6.5 or 7 for an easy admission.
MBA Scholarships In Australia: Cost Of MBA In Australia
The cost depends on the MBA duration in Australia as well as the quality and reputation of the university. The entire estimated course cost ranges between 56,373 AUD to 97,500 AUD. While considering costs, it is important to track other expenses as well. The average expenditure including travel, accommodation, hostels, meals will cost 20,700 AUD approximately. This however, varies on the basis of the kind of lifestyle, the location and other such factors.
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List Of MBA Scholarships In Australia
Most students resort to scholarships and financial aids to help cover their tuition fees and other costs. Usually, universities assist students with tuition waivers when it comes to professional degrees like MBA that are expensive. The cost of an MBA in Australia has escalated by over 5 % in recent years making it quite a challenge for students to manage their finances. Here are some of the MBA scholarships in Australia offered by top business schools and universities.
Kraft Heinz Scholarship | MBA Scholarships In Australia
Melbourne Business School awards the Kraft Heinz scholarship based on the recognition of outstanding performance by students. It is awarded to part-time MBA degree students as well as full time MBA students. This partially funded scholarship program awards students with an amount of 45,000 AUD directed towards waiving off the tuition fees.
MBA Student Scholarship | MBA Scholarships In Australia
The UQ Business School (University of Queensland) offers merit-based scholarships to their MBA students. Students demonstrating an outstanding performance in their academics and wish to pursue either a part-time MBA degree or a full time MBA degree can apply to this scholarship program. The applicant receiving this scholarship will get a 25% discount on their tuition fees for a maximum period of one year. Candidates are eligible to apply for this program if they receive an unconditional offer letter from the UQ Business School.
Adelaide MBA Scholarships | MBA Scholarships In Australia
The Adelaide Business School provides MBA scholarships to deserving students with the drive and passion to undertake MBA studies. This scholarship is funded across a wide range of MBA programs including Accounting, Finance and Banking, Marketing, Management, and Entrepreneurship. These scholarships apply for a period of 5 years from admission into the program. Adelaide MBA scholarships apply only to tuition fees of the students and do not include other expenses.
There are other university based MBA scholarships in Australia that are either partially funded or fully funded. The below table depicts a list of such universities offering MBA scholarships.
|Sydney Business School||UOW Postgraduate Academic Excellence Scholarship||10% – 30% tuition fees|
|Monash Business School||Monash MBA International Women in Leadership Scholarship||16,679 USD|
|UWA Business School||MBA (Intensive) International Prestige Scholarships||100% tuition fee|
|UTS Business School||MBA Scholarship for Outstanding Students||1,390 USD to 3,475 USD|
|Australian Graduate School of Management||ANU College of Business and Economics India Excellence Scholarship||Varies|
Other externally funded or government funded MBA scholarships in Australia for international students include:
Australian Awards Scholarship | MBA Scholarships In Australia
The scholarship program was established with an aim to promote knowledge and endure ties between Australia and its neighbours (Asia, Pacific, Middle East and Africa). This scholarship provides for full tuition fees, an establishment allowance, Overseas Student Health Cover, and return air travel. Most MBA universities in Australia grant this scholarship to international students.
Endeavour Postgraduate Scholarship Awards | MBA Scholarships In Australia
This scholarship program is specifically for international students who wish to pursue their masters’ degree or postgraduate degree from an Australian university. The benefits of the scholarship include tuition fee, travel allowance, establishment allowance, monthly stipend and health insurance.
We hope you enjoyed reading this blog on Which Are The MBA Scholarships In Australia. If you are interested in knowing more about scholarships in Australia like the ones mentioned in this blog, check out the different scholarships available on UniScholarz and choose from a wide range of scholarships.
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