Most of Australia’s business schools offer a range of full or part-time MBA scholarships that can ease the financial pressure with a total of more than $10 million available to students.
Through the alliance between UQ and Wandering Warriors, a veteran charity that supports former SASR troops and their families through education and employment, Doug Sheridan was awarded a scholarship to study for an MBA at UQBS.
Obtaining an MBA may be a very fulfilling experience with both financial and professional benefits. The primary barrier to entry for the majority of potential students is the cost of an MBA.
With over $10 million in full and part-time scholarships available to students, more than half of Australia’s business schools can help lower the financial burden.
Here are some of the scholarships you might be eligible for if you’re planning on pursuing an MBA.
Top 8 Best Australian MBA Scholarships You Can Apply Fully Funded
AIM Business School
The amount of scholarships offered by the AIM Business School is broad. therefore if you meet the requirements, you are eligible for the funding.
The AIM Business Schools Women in Leadership Scholarship helps Australian women leaders, both established and interested, enhance their professional lives. The selected candidates will get a tuition subsidy of $500 for each semester of study in their graduate program, up to a maximum of $6,000.
Additionally, beneficiaries of scholarships will have instant access to the Women Leaders: Own Your Success short course presented by AIM.
AIM Business School has also developed the Regional Australians Scholarship to develop the business capabilities of regionally based leaders and managers to support the growth of Australia’s essential regional economies.
UQ Business School
Up to thirteen scholarships, all worth 25% of the tuition cost, are available to students enrolled in the MBA SCHOLARSHIP program at UQ Business School. Outstanding students who have been admitted into the UQ MBA program, internationally as well as locally, are eligible for the scholarships.
Each scholarship has unique conditions for the application procedure to assist applicants who qualify according to their results and experiences.
Additionally, UQ provides scholarships to Elevate AND Empowering Women in Stem and Wandering Warriors..
Wandering Warriors is a scholarship program designed to assist veterans as they leave the Australian Defence Force and join the world of civilian life.
The scholarship, which is worth between 50 and 100 percent of tuition costs, is given out to up to three international learners per semester who are Wandering Warriors Inc. members and who fulfill all MBA admission requirements.
Elevate: Boosting women in STEM is an external scholarship that aims to address gender inequities in STEM by strengthening the academic, professional and leadership skills of women.
The scholarship is on offer to domestic students who identify as a woman and are planning to undertake a STEM degree or an MBA at an Australian university.
The University of Sydney
The University of Sydney Future Leaders MBA Scholarship will cover the $60,000 cost to study’ the country’s top-ranked MBA. The Scholarship is open to all students who meet the eligibility criteria for admission to the part-time MBA.
A copy of your resume, academic transcript, and personal statement of motivation outlining your leadership potential and experience in the field of your choice, as well as your goals for the University of Sydney MBA program, are required for the scholarship’s competitive three-stage evaluation process.
Shortlisted candidates must put in a brief composed essay and participate in a masterclass. The deadline for applications to the second semester of scholarship is April 17.
Melbourne Business School
Every year, Melbourne Business School offers $50,000 Diversity Excellence Scholarships to qualified Full-time MBA applicants who will improve their education by bringing a diverse range of perspectives, backgrounds, and cultures to the classroom.
These scholarships provide qualified applicants for full-time MBA programs the chance to use their experience to approach problems and challenges in business from different perspectives.
Applicants for full-time MBA programs are automatically considered upon getting an offer of admission. Those whose applications were shortlisted might be asked for an interview.
AGSM AT UNSW
AGSM@UNSW offers a range of different scholarships including the $48,000 Luminis Foundation AGSM Wharton Business Innovation Scholarship.
The Scholarship is intended to promote full-time enrollment in the AGSM master’s degree program at the University of Pennsylvania, USA’s Wharton School.
The full-time MBA SCHOLARSHIPS program at Wharton, with a course there on international exchanged, will be covered by the scholarship. During the duration of the exchange, Wharton will offer career services to the applicant.
The evaluation criteria for applicants will include academic excellence, leadership qualities in the workplace or community, a track record of business innovation, and a demonstrated capacity to contribute to the Australian business community. The deadline to apply is March 31, 2024.
UTS MBA Scholarship
The UTS MBA Scholarship for Outstanding Students is estimated to be worth $5,000. In order to qualify for the scholarship,
the applicant must have finished a degree accepted by UTS, met the requirements for admission to the UTS MBA SCHOLARSHIPS program, be starting the program, and have attained a minimum academic achievement of Distinction average (75%) in the qualification used as a basis for admission to the MBA.
The deadline to apply for the UTS scholarship is March 24.
Monash Business School
The Monash Business School offers the Global Executive MBA Women in Leadership sponsorship, which is awarded to encourage and support Australian professional women in their pursuit of an Executive MBA.
Sponsorships are limited in number and are valued at either $5,000 or $10,000.
Candidates who apply to the Monash Global Executive MBA Program and who are female Australian citizens or who hold an Australian permanent resident visa or a permanent refugee visa are eligible for this sponsorship.
The following factors will be taken into consideration when choosing the successful applicants for the Global Executive MBA Women in Leadership sponsorship:
- Career path: an overview of the applicant’s past accomplishments and career path
- Career planning: a summary of the candidate’s goals for their professional career that includes key elements from an action plan to get there
- Contribution: The applicant’s capacity to help professional women succeed in their communities and organizations