MBA Scholarships in Australia for Indian Students

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Course fees for an MBA degree are an important concern for international students around the world, but Australia will never leave them feeling that way. Many Australian universities, institutions, and governing bodies offer many scholarships for Indian students who are looking for financial assistance to study in Australia. These scholarships are offered based on merit, need, student-specific, and course-specific grants via some major Australian government bodies, corporations, and Australian universities. Indian students can avail themselves of scholarships by demonstrating their eligibility for the scholarship they are applying for. The scholarship amount ranges from $2000 to 100% of the tuition fee for Indian students who have enrolled to study in Australia.

Why Study MBA in Australia?

Looking to study for an MBA abroad? Then you're on the right track as studying an MBA in Australia is a big, life-changing decision that will fill your pocket along with your precious 2-year time. Australia has a great quality education system that offers a great quality MBA degree, which ensures great global-level opportunities for international students. The B-schools and universities in Australia are the most reputed and have the highest placement records. However, when it comes to choosing the right college, budget is often a constraint that cannot be ignored. Also, there are some good, affordable institutions and colleges in Australia offering MBA programs that cost less when compared to other B schools. If you are looking for a fulfilling career in management, then Australia is one of the most sought-after study destinations for international students.

MBA Scholarships in Australia

Both the Australian government and universities offer numerous scholarships for Indian students who look to pursue an MBA in Australia. Several scholarships, grants, and bursaries help students have the financial independence to study in Australia. Here's the list of top Australian scholarships for MBA study for international students:

Scholarship

University

The Helen MacPherson Smith Fellowship

University of Melbourne

Master Of Business Administration Global Leader's Scholarship

Deakin University

Kraft Heinz Scholarship

Melbourne Business School

ANU Research School of Management Master of Business Administration Scholarship

Australian National University

Curtin University MBA International Student Scholarship

Curtin University

Adelaide MBA Scholarship

Adelaide Business School

UN Women NC MBA Scholarships in Australia

University Of Sydney

MBA Student Scholarship

University of Queensland Business School

MBA International Women in Leadership Scholarships in Australia

Monash University

Monash MBA International Excellence in Leadership Scholarships in Australia

Monash University

Detailed Scholarships in Australia

Here is a detailed description of MBA scholarships in Australia for international students:

Kraft Heinz Scholarship

The Kraft Heinz scholarship is a well-known scholarship in Australia that was founded by the H.J. Heinz foundation in 1987. Both undergraduate and postgraduate students can apply and avail of the scholarship, but it is most often awarded to part-time and full-time MBA graduates.

Value of the scholarship: $12,000

Monash MBA International Women in Leadership Scholarship

Monash University has initiated a scholarship in the name of the "Monash MBA International Women in Leadership Scholarship" to support and guide women in advancing their careers in MBA. The only eligibility criteria for applying for the scholarship are that the applicant must be a female international student enrolled at Monash University.

Value of the scholarship: $10,000

MBS Scholarship

MBA scholarship helps deserving students with partial support to study for an MBA at an Australian university. To be eligible for this MBS scholarship, the applicant must be a full-time MBA applicant. The scholarship value varies based on the course choice and the applicant's financial condition.

Value of the scholarship: Depends on the conditions.

Adelaide MBA Scholarship

The Adelaide MBA Scholarship is offered to MBA students by one of the popular B schools in Australia, Adelaide Business School. The scholarship ensures to offer funds to the students with the best academic caliber. Both domestic and international students are eligible to apply for this scholarship.

Value of the scholarship: 10% to 100% of the tuition fees.

UOW Postgraduate Academic Excellence Scholarship

A UOW postgraduate academic excellence scholarship is offered to all types of master's programs, most notably for the MBA program. Surprisingly, there is no separate application for students to avail of this scholarship; students who enrol in this course will be considered for this scholarship by default.

Value of the scholarship: 30% of the course fees.

How to Get a scholarship for MBA in Australia

There are many scholarships for international students from most MBA universities in Australia as discussed before. To avail of any MBA scholarship in Australia, one must go through and complete the following simple steps:

Step 1: Be aware of the Australian universities' rules and regulations and scholarship types to check whether you are eligible for the award.

Step 2: Once your eligibility has been confirmed, go over the course eligibility criteria.

Step 3: Complete and submit an application form for Australian scholarships.

MBA Scholarships in Australia – Eligibility Criteria

Australia is still the favorite destination for international MBA students as the universities and B-schools in the country have numerous MBA scholarships. Let's check out the complete list of MBA scholarships available in Australia for international students:

Scholarship

Academic criteria 

Eligibility

MBA Student Scholarship

Merit-based

Students with a minimum grade of A in the previous course and an exceptional academic record are eligible to apply for this scholarship.

Monash MBA International Excellence in Leadership Scholarships in Australia

Merit-based

A female candidate with excellent academic score proof is eligible to avail of this exclusive scholarship.

Adelaide MBA Scholarship

Merit-based

Offered to the candidates with a good academic, highly competitive skills, and extracurricular backgrounds are eligible to apply for this scholarship.

ANU Research School of Management Master of Business Administration Scholarship

Merit-based

The student who applies for this scholarship must be a full-time candidate at ANU with satisfactory educational achievements are eligible for this scholarship.

The Helen MacPherson Smith Fellowship

Merit-based

Students who have decent MBA academics and other interpersonal skills are eligible to apply for this scholarship.

MBA International Women in Leadership Scholarships in Australia

Merit-based

Any female MBA candidate with an outstanding academic profile is eligible to apply for this scholarship.

Master Of Business Administration Global Leader's Scholarship

Merit-based

Candidates must take a prelims test to avail of this scholarship as it is considered a highly competitive scholarship.

Kraft Heinz Scholarship

Merit-based

Interested candidates must fill out and apply for the scholarship and submit a Scholarship Application form. Once confirmed, the candidate will receive a personal interview call.

UN Women NC MBA Scholarships in Australia

Merit-based

Candidates must score at least 650 on the GMAT test to get eligible for this scholarship.

Curtin University MBA International Student Scholarship

Merit-based

Students must be meritorious applicants with good business skills chosen to apply for this scholarship.

MBA Scholarships Awards in Australia

Each scholarship for MBA in Australia offers different awards based on the course specialization, academic score, tuition fees, hostel fees, and so on. Here's the list of different MBA scholarships and their awards:

Scholarship

Scholarship Amount

MBA Student Scholarship

25% tuition fee waiver

ANU College of Business and Economics India Excellence Scholarship

Up to $6,000

South Asia Business and Law Scholarships

Up to $10,000

AGSM Global Reach Scholarship and AGSM Excellence Scholarship

Varies

UOW Postgraduate Academic Excellence Scholarship

30% tuition fee waiver

Kraft Heinz Scholarship

Up to $30,500

Adelaide MBA Scholarship

25% of tuition fee waiver

Monash MBA International Women in Leadership Scholarship

Up to $16,500 

MBA (Intensive) International Prestige Scholarships

100% tuition fee waiver

MBS Scholarships

Varies

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MBA Scholarships Requirements in Australia

Before applying for the MBA scholarship, it's important to know the basic eligibility to avail of the scholarships available at top universities in Australia. Let us have a quick look at them below:

  1. Students must have completed an undergraduate degree with a GPA of over 65% from a government-recognized university with a business major.
  2. Candidates who apply for the MBA scholarship must submit two letters of recommendation (LORs) from trusted professors from their previous institutions.
  3. Candidates must have a minimum of two years of relevant experience.
  4. Having a valid GRE and GMAT score is mandatory and is preferred to apply for the scholarship.
  5. International students must take English proficiency tests such as IELTS, and TOEFL and prove their English proficiency with a good score (say 6 to 7).

Job Profiles After MBA in Australia

Australia has a potent job market for skilled MBA professionals with a wide career scope, internship programs, and placement abilities. The latest placement records talk about the Melbourne Business School's having an 88% placement rate. Australian business schools and universities have a placement record of 71%. Considering top-ranked institutions like Melbourne Business School and Monash Business School also have a 91% placement record, it does tip the scales. Also, MBA universities in Australia offer a better salary package than MBA universities in the US. Here are the various job roles and their salaries offered in Australia:

Job role

Average salary offered

Data Scientist

$99,750

Management consultant

$104,000

Risk manager

$110,520

Senior product manager

$202,000

Analytics Manager

$118,820

Human resources

$90,000

IT Manager

$125,660

Marketing manager

$103,000

Business Analyst

$110,000

Wellbeing Manager

$115,250

Still unclear about anything? Well, not to worry. Contact AECC Global and get your queries answered today! AECC Global is one of the world's leading educational consultancies with versatile expert professionals who are ready to help you with any queries you may have. Contact us so we can be of assistance to you in your journey to achieving your dream.

FAQs about MBA Scholarships in Australia

Can Indian students get scholarships in Australia?

Yes, there are several scholarships available for international students in Australia, and there are several scholarships especially for Indian students as well.

What is the cost of an MBA in Australia?

The average tuition fee for MBA in Australia comes to around INR 45,00,000. This can vary considerably depending on the university, place etc. 

Can I do MBA in Australia without GMAT?

Yes. Several universities like the University of Adelaide, Deakin University, Monash University etc. accept MBA applicants without GMAT. 

How much CGPA is required for a scholarship in Australia?

You may need a CGPA of at least 7.0 to get a scholarship in Australia. However, it can differ based on the hosting body. 

How can I get a full scholarship in Australia?

You can get a full scholarship in Australia if you have an excellent academic record and a few other eligibility criteria.


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