MBA scholarship in Australia: It may be a clichÃ© to use the oft repeated phrase “studying abroad is a costly proposition.” But if the destination is Australia, the clichÃ© is an apt reminder that you need to watch your purse closely. It is because Australia is the costliest destination in the world. And, if you are planning to study MBA in Australia, things could only get more difficult, especially if you aren’t very well off, because MBA for its part is counted among the most expensive courses on offer. Given the circumstances, what you can do is to look around for financial aids that can make your life easier. And of all the financial aids on offer for international students, there aren’t many that can beat a full-funded MBA scholarship to study in Australia; even partial MBA scholarships in Australia aren’t bad as you don’t have to pay back the money.
Before we get deep into MBA scholarships in Australia, you need to know that scholarships to study at the top universities in the world aren’t easy to come by, and so competition is fierce. Also, as MBA is considered more of a money-making profession than an altruistic one, scholarships are limited in comparison to other disciplines. Nevertheless, the top universities in Australia have initiated quite a few MBA scholarships in Australia that are meant to draw the best talents in Australia and from across the world.
Here we bring you some of the popular MBA scholarships in Australia for foreign students that are offered by top-ranked universities in Australia.
This highly competitive MBA scholarship for foreign students in Australia is available to international students seeking first-time admission to ANU College of Business & Economics postgraduate coursework program. The highlight of the award is it covers up to 50% tuition fee. A total of 10 scholarships are on offer, one each for Latin America, Europe, Asia, South East Asia and Eurasia, while the remaining five are open for international students from across the world.
To be eligible, the student needs to be:
An international student
Has an offer of admission into a postgraduate coursework program offered by ANU
Will undertake postgraduate coursework program at the college during the intake for which the scholarship is offered
Must not be the recipient of the ANU College of Business and Economics International Graduate Scholarship award before.
Benefits: This particular MBA scholarship offers half of the international student tuition fee for up to one year (two semesters) of a full-time postgraduate coursework program.
Deadline: The application window is open between early-October and early-to-mid December
Developed by Curtin University, the MBA (Global) Future Leaders Scholarship seeks to encourage and support outstanding students to study MBA (Global) at Curtin University. The scholarship is reserved for future students and is open to both domestic and international students. If you are seeking MBA scholarship in Australia, the merit-based MBA (Global) Scholarship should definitely be on your mind. The maximum number of scholarships on offer is two.
To be eligible to apply for MBA (Global) Scholarship, the applicant must:
Have an offer of admission to study MBA (Global)
Is an undergraduate degree holder with distinction or equivalent
Isn’t a recipient of any other Curtin funded scholarships
Haven’t received any other sponsorship
Benefits: The scholarship covers 50% of the student tuition fees of the MBA (Global) for up to a maximum of 2 years (based on a full-time load of 100 credits per semester).
Application Deadline: The application for this specific MBA scholarship in Australia for foreign students normally starts in early-September and closes in mid-January.
This scholarship is offered to students from a refugee-like background and with limited resources to self-finance higher studies. The Fund reflects Curtin’s obligation towards ethics and social justice. The scholarship is available to future national and international students in the fields of Science and Engineering, Health Sciences, Humanities, and Management. Being a need-based scholarship, each student will be judged on an individual basis when granting funds for this special MBA scholarship in Australia.
To be eligible for the Curtin Humanitarian Fund, applicants need to:
Be currently residing in Australia
Have a full offer of admission to pursue postgraduate degree at Curtin
Have a refugee-like status or the relative of such a person, who has undergone the turmoil of forced migration
Hold a Bridging Visa E in Australia, Temporary Protection Visa (subclass 785) or Safe Haven Enterprise Visa (subclass 790), or be an Australian citizen, Australian permanent resident, Australian permanent humanitarian or New Zealand citizen
Benefit: The sponsorship awarded under the Curtin Humanitarian Fund varies considerably as each application is judged depending of circumstances of individual recipients.
Deadline: The deadline to apply for Curtin Humanitarian Fund falls between mid-October and mid-November.
The University of Western Australia offers the BHP Billiton MBA Full Time Scholarship to encourage high achieving candidates to pursue MBA (by coursework and dissertation) at the university. A unique thing about the scholarship is that it can be held concurrently with other scholarships. It is one of the most generous MBA scholarships for foreign students in Australia, with grants reaching up to $68,500.
To be eligible for a scholarship, the candidate mustâ
have an offer of admission or admitted at the university to study MBA (by coursework and dissertation)
not be fully funded or sponsored to undertake the MBA (by coursework and dissertation)
One scholarship valued at $68,500
Six scholarships valued at $41,650
Three scholarships valued at $40,000
Four scholarships valued at $17,000
For three of these scholarships, international students will be the first choice.
Deadline: Candidates needn’t apply separately, as upon acceptance of an unconditional offer they will be automatically considered for the scholarship.
This scholarship is another popular MBA scholarship in Australia for foreign students and is offered by the University of Western Australia to students with outstanding academic credentials. Though the scholarship is open to both national and international students, international students are given first preference.
To be considered for the scholarship candidates need toâ
have an offer of study or admitted at the university to study MBA (by coursework and dissertation)
Candidates will be evaluated on the basis of their GMAT score and course admission interview.
Value: Three scholarships are offered every year, with each carrying a monetary value of $30,000 (towards tuition fees)
Deadline: Candidates need not apply separately, as upon acceptance of an unconditional offer they will be automatically considered for the scholarship.
Yet another popular MBA scholarship in Australia is the Monash Business School International Pathway Scholarship, a merit-based scholarship which is given to two international students each year.
Candidates need to meet the following conditions to be eligible:
He/she must be an international student
Must have completed Monash University Foundation Year (MUFY).
Have a minimum MUFY score of 85
Deadline: There is no separate application as applications are automatically assessed.
Stay tuned to www.studyabroad.careers360.com for more news and updates on Australia
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