Australia is a 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 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.
This Blog Includes:
- Why MBA in Australia
- MBA Scholarships in Australia
- Detailed Scholarships in Australia
- MBA Scholarships in Australia– Eligibility
- MBA Scholarships in Australia- Awards
- Top Universities for MBA in Australia
- Job Profiles after MBA in Australia
Why 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 2021, 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 2020 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
|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 for 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.
Through 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 upon 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%.
MBA Scholarships in Australia– Eligibility
Now that we know about these scholarships, let’s check out if you can apply for them or not:
|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.
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 eligible for the scholarship must be citizens of India.
They must have a good record of academic achievements in their schooling.
Recipients must enroll 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 a strong academic and extracurricular background.
|UOW Postgraduate Academic Excellence Scholarship||Merit-based
Students who apply for any of the programs, including 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 an excellent academic profile. (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:
|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)|
|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 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|
- 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 bachelors 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 english language, international students have to submit IELTS scores. A score of 6.5 or 7 can fetch you an admission into a top business school.
Top Universities for MBA in Australia
|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
- Accounting Manager
- Financial Manager
- Project Manager
- Employee Relations Manager
- Organizational Development Manager
We hope you find this blog helpful in navigating through your application process. For guidance related to SOP’s and LOR’s, 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!