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MBA Scholarships in Australia 2024

Updated on 19 September, 2024

Jyotsna Singh

Jyotsna Singh

MBA courses in Australia are known for their high standards, and completing them successfully can lead to significant career and financial benefits. If you are aspiring to pursue it, then being excellent in academics or having financial need will ease your journey, as several Australian universities offer various scholarships. This article will help you delve deeper about the varied MBA scholarships in Australia that are either merit or financial need-based. 

Why Pursue MBA in Australia 

Choose an MBA program in Australia for professional growth. Discover the unique advantages of Australian MBA courses.

  • Top Universities: Australia boasts renowned institutions like Melbourne Business School and University of Sydney Business School, offering exceptional MBA programs. 
  • Global Recognition: Australian MBA degrees hold global recognition, enabling graduates to apply for senior positions in leading companies worldwide.
  • Varied Specializations: MBA in Australia offers a broad range of specializations that include management, finance, operations, banking, and many others.
  • Soft Skills Development: Australian MBA courses focus on enhancing soft skills, including social intelligence, ethical leadership, collaboration, team-building, cross-cultural understanding, effective communication, and creative problem-solving.

MBA Scholarships in Australia

To help students financially, Australian universities offer several scholarships so that you can focus on your studies rather than worrying about your finances. Here is a brief overview of the MBA scholarships in Australia. 

Scholarship

University

Benefits
Dean's International Management Scholarship The University of Melbourne Full tuition fee
Dean’s Scholarship for Women and Management The University of Melbourne Partial tuition fees (AUD$ 50,000)
AGSM Global Reach Scholarship Australian Graduate School of Management (AGSM) at the University of New South Wales Business School (UNSW)

Four selection criteria for this scholarship are:

  • Career progression 
  • Global citizenship
  • Leadership potential 
  • Academic merit 

Depending on the above criteria, benefits are mentioned below:

Full tuition fee waiver for candidates with outstanding achievement in all four selection criteria, 75% tuition fee waiver for excellence in any three selection criteria; 50% tuition fee waiver for excellence in any two selection criteria; 25% tuition fee waivers for excellence in any one of the selection criteria.
AGSM Women in Leadership Scholarship Australian Graduate School of Management (AGSM) at the University of New South Wales Business School (UNSW)

Three selection criteria for this scholarship are:

  • Career progression 
  • Global citizenship
  • Leadership potential 

Depending on the above criteria, benefits are mentioned below: 

75% tuition fee waiver for excellence in any three selection criteria; 50% tuition fee waiver for excellence in any two selection criteria; 25% tuition fee waivers for excellence in any one of the selection criteria.
MBA Director's Scholarship The University of Sydney Business School AUD$ 10,000 to AUD$ 40,000
Dean’s GEMBA Study Grant Monash University AUD$ 10,000
Ashton Nixon Scholarship Monash University A maximum tuition fee reduction of AUD$ 60,000 over the respective course duration
Vice-Chancellor's International Scholarship Macquarie Business School, Macquarie University Up to AUD$ 10,000 fee reduction in the respective course
Macquarie University AUD$5,000 Regional Scholarship Macquarie Business School, Macquarie University AUD$ 5,000 fee reduction every year

Eligibility Criteria for Scholarships to Study in Australia

Take a look at the table below to understand the eligibility criteria for each of the scholarships mentioned above that you must fulfill being an international candidate.

Scholarship

Eligibility
Dean's International Management Scholarship
  • Full-time applicant with an admission offer from Melbourne Business School
Dean’s Scholarship for Women and Management
  • Senior Executive MBA course applicant
  • Applicants must be women
AGSM Global Reach Scholarship
  • Full-time applicant
  • Must receive an offer letter from the Australian Graduate School of Management
  • Only one student per country can receive this scholarship
AGSM Women in Leadership Scholarship
  • Women candidate
  • Full-time MBA applicant
  • Must receive an offer letter from the Australian Graduate School of Management
MBA Director's Scholarship
  • Must receive an unconditional admission offer letter from the University of Sydney Business School for the MBA (Leadership and Enterprise) course
Dean’s GEMBA Study Grant
  • Must be enrolled in the Monash Global Executive MBA program
Ashton Nixon Scholarship
  • Must be a graduate of Architecture from Monash Art, Design and Architecture (MADA)
  • Must be enrolled in either the Global Executive MBA/Master of Business double degree or the Global Executive MBA at Monash University
  • Must accept the admission offer
  • Must not have another grant or scholarship from the university
Vice-Chancellor's International Scholarship
  • Full-time MBA student
  • Must commence their postgraduate degree
  • Postgraduate applicants must acquire a minimum WAM equivalent of 65
  • The study must be commenced in the scholarship offer letter’s indicated session only
Macquarie University AUD$5,000 Regional Scholarship
  • Full-time student
  • Must commence their postgraduate degree
  • The student must accept the offer letter and pay the required fees within the deadline
  • The student must enroll themselves in each compulsory study period

Top Universities in Australia for MBA

Here are the top 10 universities offering MBA courses in Australia.

University

QS Global MBA Rankings 2024: Oceania
The University of Melbourne 1
UNSW (AGSM) 2
The University of Sydney Business School 3
The University of Queensland 4
Monash University 5
Macquarie University 6
The Australian National University 7
The University of Western Australia  8
University of Technology, Sydney  9
University of South Australia 10

Career and Job Scope After MBA in Australia

Below is an overview of the possible job prospects, along with their average annual salary.

Job Scope

Average Annual Base Salary
Project Manager AUD$ 105,391
Senior Financial Analyst  AUD$ 113,359
Operations Manager AUD$ 88,955
Chief Financial Officer AUD$ 163,874
Human Resources Manager AUD$ 97,055

Source: Payscale

Here are some detailed articles on Fully Funded Scholarships for top Study Abroad Destination:

Fully Funded Scholarships in UK Fully Funded Scholarships in USA
Fully Funded Scholarships in Australia Fully Funded Scholarships in Canada
Fully Funded Scholarships in Germany Fully Funded Scholarships in New Zealand 
Fully Funded Scholarships in Ireland Fully Funded Scholarships in Netherlands
Fully Funded Scholarships in Italy Fully Funded Scholarships in Spain
Fully Funded Scholarships in Singapore Fully Funded Scholarships in France

FAQs

Can Indian students study with MBA scholarships in Australia?

Yes, Australian MBA universities offer several scholarships for international students. Check your preferred university and thoroughly understand the eligibility criteria to apply for the programs.

Is it possible to defer my scholarship offer?

Most universities or institutions do not give you the chance to defer your scholarship offer. However, you can reapply for the program in the following round. Check the respective scholarship details for a better understanding.

Can I continue my study with more than one scholarship fund?

Generally, you will be eligible for one scholarship at a time. However, some universities or courses can be an exception. You must contact or refer to the respective institution for a clearer view of the matter. 

Did you find this article helpful?

Jyotsna Singh

With over a decade of expertise in international education, Jyotsna has held impactful roles at the British Council, Unilodgers, a prominent UK university, and IDP Education, empowering countless students by not only enhancing their educational experiences but also by offering them guidance in securing essential scholarships and financial aid. She is dedicated to helping students achieve their academic goals through tailored guidance and financial support.

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