MBA Scholarships in Australia

Australia is home to some of the top business schools in the world. With managerial professionals in demand, more international students aspiring to pursue MBA are flocking to Australia. MBA programs in Australia span over a period of 1 year and are provided across 58 universities. Affordable tuition fees, abundant work opportunities, and high-paying jobs have added to the appeal of pursuing an MBA in Australia. Additionally, Australian universities provide ample scholarships and financial aid to meritorious and financially weaker students. Have you been dreaming of studying in Australia? If yes, read on to find out more about the various MBA scholarships in Australia.

Why Pursue MBA in Australia?

Australia is a prosperous country and invests heavily in the educational sector. Today universities in Australia are on par with the traditionally top universities in the US and the UK. Here are a few of the reasons why an MBA from Australia is one of the best choices.

• As per QS Global MBA Ranking, 5 business schools in Australia have made it to the top 100 schools in the world.
• Business schools in Australia have a great repute and are accredited by organizations like EQUIS, AACSB, and AMBA which are recognizable all over the world.
• As per the QS news, Australia was included in the list of top countries for MBA salaries and was placed in the 5th place leaving behind countries like Japan and the UK.

MBA Scholarships in Australia

Scholarship	Institute
Kraft Heinz Scholarship	Melbourne Business School
AGSM Global Reach Scholarship and AGSM Excellence Scholarship	Australian Graduate School of Management
Monash MBA International Women in Leadership Scholarship	Monash Business School
MBS Scholarships	Melbourne Business School
ANU College of Business and Economics India Excellence Scholarship	Australian National University
MBA (Intensive) International Prestige Scholarships	UWA Business School
Adelaide MBA Scholarship	Adelaide Business School
UOW Postgraduate Academic Excellence Scholarship	Sydney Business School
International Excellence Scholarship (India); South Asia Business and Law Scholarships	University of Newcastle Faculty of Business and Law
MBA Student Scholarship	University of Queensland Business School

Detailed Scholarships in Australia

Here is a detailed description of MBA Scholarships in Australia: 

Kraft Heinz Scholarship

This scholarship was founded in 1987 by the HJ Heinz Foundation. This scholarship is applicable to both undergraduate as well as postgraduate courses and is awarded to both part-time as well as full-time candidates. As mentioned on the website, this scholarship is awarded to students who are ambitious, hungry, and passionate. The value of this scholarship is $12,000. To avail of this scholarship, students must submit a Scholarship Application form on or before 30th November.

Monash MBA International Women in Leadership Scholarship

This scholarship is aimed at supporting women in advancing their careers. This scholarship is awarded to support and encourage women across the world in pursuit of their Monash MBA. This scholarship is awarded to up to 4 students per cohort. The value of this scholarship is $10,000. To be eligible for this scholarship the candidate should be an applicant of the Monash MBA Program in Australia and a female international applicant.

MBS Scholarships

This scholarship offers partial support for the cost of studying. This scholarship is directed to attract top students from a diverse set of backgrounds. The value of this scholarship varies depending on the course and the financial condition of the applicants. All full-time applicants of the MBA program are automatically considered for this scholarship. Executive MBA and Senior Executive MBA have to mention if they want to be considered for the scholarship program.

Adelaide MBA Scholarship

Funded by the Adelaide Business School, this scholarship program ensures that the program is accessible to students of caliber. This scholarship is open to both domestic as well as international students. This is a highly competitive scholarship and covers anywhere between 10% – 100% of the tuition fees. 

UOW Postgraduate Academic Excellence Scholarship

This scholarship is offered to all master’s programs including the MBA program. There is no separate application for the students; students enrolling in this course are automatically considered for this scholarship. There is no limit on the number of applicants chosen for the scholarship. This scholarship offers a fee waiver of up to 30%. If you need an education loan, make sure you visit Fly Finance.

MBA Scholarships in Australia- Eligibility

Now that we know about these scholarships, let’s check out if you can apply for them or not:

Scholarship	Eligibility
Kraft Heinz Scholarship	Merit-based To avail of this scholarship, interested candidates will have to submit a Scholarship Application form. Shortlisted candidates will be called for an interview.
AGSM Global Reach Scholarship and AGSM Excellence Scholarship	Merit-based Students have to have an outstanding academic profile to be eligible.
Monash MBA International Women in Leadership Scholarship	Merit-based The scholarship is offered exclusively to international female candidates. Students have to have an outstanding academic profile to be eligible.
MBS Scholarships	Merit-based Students who apply for the MBA course are automatically considered for this scholarship. The scholarship is provided to meritorious and outstanding students.
ANU College of Business and Economics India Excellence Scholarship	Merit-based The students who are eligible for the scholarship must be citizens of India. They must have a good record of academic achievements in their schooling. Recipients must enrol in a full-time load of 24 units in the first semester of the program at ANU.
MBA (Intensive) International Prestige Scholarships	Merit-based To be eligible for this scholarship, candidates should have a GMAT score of at least 650.
Adelaide MBA Scholarship	Merit-based This is a highly competitive scholarship and is only offered to students with strong academic and extracurricular backgrounds.
UOW Postgraduate Academic Excellence Scholarship	Merit-based Students who apply for any of the programs, including the MBA are automatically eligible for scholarships. However, only meritorious applicants will be chosen for the scholarship.
International Excellence Scholarship (India); South Asia Business and Law Scholarships	Merit-based Students applying for this scholarship must have a good record of academic achievements in their schooling.
MBA Student Scholarship	Merit-based This scholarship is offered to outstanding students who have excellent academic profiles. (a minimum of A in their previous course)

MBA Scholarships in Australia- Awards

Different Scholarships for MBA in Australia offer scholarship awards that can be used to reduce or pay your tuition fees, hostel fees, and other expenses:

Scholarship	Amount
Kraft Heinz Scholarship	31,221 USD (INR 23,33,285)
AGSM Global Reach Scholarship and AGSM Excellence Scholarship	Varies
Monash MBA International Women in Leadership Scholarship	16,679 USD (INR 12,46,496)
MBS Scholarships	Varies
ANU College of Business and Economics India Excellence Scholarship	20 students are given an amount of 6,949 USD (5,19,330)
MBA (Intensive) International Prestige Scholarships	100% tuition fee
Adelaide MBA Scholarship	25% of the tuition fee
UOW Postgraduate Academic Excellence Scholarship	10% to 30% tuition fee
International Excellence Scholarship (India); South Asia Business and Law Scholarships	8,867 USD to 41,700 USD(INR 6,62,670 – 31,16,428)
MBA Student Scholarship	25% tuition fee waiver

Requirements

• Candidates are required to hold a bachelor’s degree in any field from a recognized university. Some colleges however prefer a degree that is related to business.
• Candidates are required to score a minimum of 65% in their bachelor’s course.
• Students should submit 2 reference letters from previous professors/employers, an up-to-date resume, and GMAT/ GRE scores.
• Candidates are required to have at least 2 years of work experience.
• To prove their proficiency in the English language, international students have to submit IELTS scores. A score of 6.5 or 7 can fetch you admission into a top business school.

Top Universities for MBA in Australia

University	Fees
Melbourne Business school	62,198 USD (INR 46,48,336)
AGSM Business School	60,043 USD (INR 44,87,283)
Monash Business School	61,156 USD (INR 45,70,463)
Macquarie Graduate School of Management	54,993 USD (INR 41,09,874)
UWA Business School	41,488 USD (INR 31,00,584)
UQ Business School	56,157 USD (INR 41,96,865)
ANU College of Business & Economics	49,911 USD (INR 37,30,073)
Deakin Business School	43,514 USD (INR 32,51,997)
RMIT University School of Business	59,393 USD (INR 44,38,706)
La Trobe Business School	41,451 USD (INR 30,97,819)

Job Profiles after MBA in Australia

• Business Development Manager
• General Manager
• Assistant BD Manager
• Manager
• Accounting Manager
• Financial Manager
• Project Manager
• Employee Relations Manager
• Organizational Development Manager

FAQs

We hope you find this blog helpful in navigating through your application process. For guidance related to SOPs and LORs, contact our experts at Leverage Edu who can help you with each step and ensure successful admission to your desired university. Sign up for a free session!