Planning on pursuing an MBA program in Australia but are tied down by financial constraints? Apply for scholarships and pursue your dreams without having any second thoughts. Besides, being awarded a scholarship is considered a prestigious honour.
Through the course of this article, we will tell you all that you need to know about MBA scholarships in Australia. We will also share some information about MBA scholarships in Australia for Indian students, the criteria required for such scholarships and more.
MBA in Australia
Before we delve into the MBA scholarships available in Australia, let us have a quick look at the top universities offering an MBA degree. The top universities in Australia offering an MBA degree are as follows:
|University/ Business School||Tuition Fees|
|Monash Business school||60,000+ USD|
|Australian National University (ANU) College of Business and Economics||50,000+ USD|
|Deakin Business School||43,000+ USD|
|La Trobe Business School||40,000+ USD|
|Melbourne Business School||63,000+ USD|
|Macquarie Graduate School of Management||55,000+ USD|
|University of Western Australia Business School||42,000+ USD|
|University of Queensland Business School||57,000+ USD|
|Royal Melbourne Institute of Technology||60,000+ USD|
|Australian Graduate School of Management – Business School||60,000+ USD|
As you can see, pursuing an MBA in Australia is an extravagant affair. So getting a scholarship can turn out to be very helpful. Let us now have a look at some of the general criteria for scholarships.
General Criteria for MBA Scholarships in Australia
The general criteria for availing scholarships in Australia are as follows:
- Should possess an undergraduate degree from a recognised university, preferably a business degree.
- Should provide two letters of recommendation (LORs) from either trusted professors or employers.
- Should have gained work experience of a minimum of two to three years.
- Should have a valid and good GMAT/ GRE score ( depends on the university guidelines and which exam they prefer).
- Should have scored over 65% in the undergraduate program.
- Should possess a detailed and an updated Curriculum Vitae (CV).
- International students are required to take IELTS or TOEFL to prove their English proficiency, a score of 6 to 7 would suffice.
MBA Scholarships in Australia 2021
The MBA scholarships available in Australia are as follows:
- University of Wollongong (UOW) Postgraduate Academic Excellence Scholarship
This scholarship is awarded to candidates who are pursuing graduate programs including an MBA. It is open to all candidates who choose to apply to any graduate program at UOW. There is no upper limit to the number of candidates who can apply as well. However, it is a merit-based scholarship, which means candidates with exceptional academic performance are most likely to be awarded this scholarship. The UOW scholarship covers over 30% of your tuition fees.
- Australian National University (ANU) College of Business and Economics India Excellence Scholarship
If you are looking for an MBA scholarship in Australia for Indian students, then you can apply for the Australian National University scholarship. The ANU scholarship is a merit-based scholarship that can only be availed by candidates who are either residents or citizens of India and if they possess an excellent and consistent academic record. The scholarship is awarded to around 20 students per year and the amount awarded to them is over 6,000+ USD.
- MBA International Prestige Scholarships
This scholarship is offered to candidates who are specifically seeking to pursue an MBA degree. It is a merit-based scholarship open to all candidates, which means only the ones with incredible academic records qualify. However, in order to avail the scholarship, you need to have a GMAT score of 650 or more. The scholarship amount awarded to eligible candidates will include the entire tuition fees. So if you fulfill all the criteria, you get this fully funded MBA scholarship in Australia.
- International Excellence Scholarship and South Asia Business and Law Scholarships
This scholarship is offered to candidates who reside in and are citizens in all the South Asian countries, specifically India. Candidates must possess a flawless academic performance and academic achievements. There is no upper limit for the number of candidates who can apply, however, only the most brilliant profiles qualify. The amount awarded to the eligible candidates ranges from 6,00,000 INR to 30,00,000.
- Kraft Heinz Scholarship
This scholarship is offered to students who wish to pursue undergraduate and postgraduate programs in Australia. The scholarship is funded by the HJ Heinz foundation. The scholarship is open to all and has no restrictions on the number of students who can apply. However, if you are looking to avail this scholarship, you are required to submit a scholarship application form. The candidates selected will be further called for a personal interview. The amount awarded to qualified candidates is over 30,000 USD, which is approximately 23,00,00+ INR.
- Monash MBA International Women in Leadership Scholarship
This scholarship is offered to female applicants who are looking to pursue an MBA at Monash by the Monash University. The objective is to encourage, motivate and groom aspiring female leaders. The scholarship is offered to four students every academic year. The eligibility criteria for this scholarship are as follows:
- Should be an international female applicant
- Should pursue an MBA program at Monash University
- Should possess an outstanding academic record
The amount awarded to qualified candidates is around 17,000 USD, which is approximately 12,00,000+ INR.
Availing and applying for scholarships might seem very complex, but it’s worth it. We hope to have provided you with all the information you require to apply for MBA scholarships in Australia.
Apply and hope for the best!