Australia has emerged as a top destination for MBA aspirants wishing to study abroad. Every year, thousands of applicants apply to top MBA universities in Australia to pursue business studies. But, for international students, an MBA in Australia is financially stressful.
The cost of MBA in Australia ranges between AUS $50,000 - AUS $81,400 annually. However, Australia offers various scholarship options for international students to reduce their financial burden.
The MBA scholarships in Australia are offered based on multiple factors, such as academic merit, industry knowledge, diversity focus, and financial need. You can check the specific requirements and deadline for Australian MBA scholarships on their official website. This article covers various MBA scholarships in Australia for Indian students, their eligibility criteria, application process, and more.
Australia offers numerous MBA specialised courses for international students. However, due to the higher cost of studying MBA in Australia, Indian students must seek a scholarship or financial assistance to manage their study expenses. Australia offers multiple types of scholarships based on the eligibility of the candidates.
If you are an international student, check the different types of MBA scholarships in Australia to fulfill your dream of studying in Australia:
Merit-Based Scholarships
Students who demonstrate outstanding academic records, leadership potential, and professional achievements are awarded merit-based scholarships in Australia. Candidates with strong undergraduate results, GMAT/GRE scores, and significant work experience are eligible to apply for merit-based scholarships in Australia.
These scholarships are generally competitive. Therefore, only top-performing students with enough academic and career achievements are offered scholarships to manage their MBA study in Australia.
Need-Based Scholarships
These types of scholarships are offered to students with a poor financial background. The scholarships are awarded to help them manage their finances while studying MBA in Australia. Meanwhile, each applicant has to demonstrate their eligibility through proper documentation to apply for the scholarships.
Diversity Scholarships
This scholarship category is specifically designed for candidates from underrepresented groups. The scholarship covers tuition fees as well as the cost of living in Australia for eligible candidates. The category includes women candidates, people with disabilities, LGBTQ+ individuals, and other backward students. The scholarship is introduced to establish equal opportunities for all candidates pursuing an MBA in Australia.
Industry-Specific Scholarships
Students with a strong background in specific industries or futuristic goals are offered industry-specific scholarships. These scholarships are funded by industry partners with universities. Candidates with a strong admiration for particular industries, such as finance, technology, healthcare, mining, or sustainability, can apply for the scholarship to manage their MBA tuition fees in Australia.
Top MBA Scholarships for International Students in Australia
Studying MBA in Australia is a dream for many students. The country has many top universities and colleges that offer MBA degree. Australia offers exciting scholarships to attract international students. Moreover, many top MBA universities in Australia provide internships, financial assistance, and part-time work opportunities to international students to motivate them to apply for MBA in Australia.
If you are looking to study MBA in Australia for free, check out the scholarship options below available for international students.
Scholarships for MBA in Australia for International Students
Scholarship
University/Provider
Scholarship Amount
Monash MBA International Women in Leadership Scholarship
Up to AU$ 77,760 (INR 43.6L) for the duration of the program
MBA (Intensive) International Prestige Scholarships
University of Sydney Business School
AU$77,500 (INR 43.5L)
AGSM Excellence Scholarship
UNSW Business School (AGSM)
Up to AU$25,000 (INR 14L) for 1 year
International Excellence Scholarship (India)
University of Newcastle
Up to AU$15,000 (INR 8.4L) per year
Kraft Heinz Scholarship
University of Melbourne
Up to AU$12,000 (INR 6.7L)
ANU College of Business and Economics India Excellence Scholarship
Australian National University (ANU)
AU$5,000 (INR 2.8L) per annum
Adelaide MBA Scholarship
University of Adelaide
Covers between 10% and 25% of tuition fees
Note: Scholarship details are subject to change. Always refer to the official university websites for the most accurate and up-to-date information.
Let’s discuss each scholarship in detail below:
Monash MBA International Women in Leadership Scholarship
The scholarship offers 100% tuition sponsorship for the duration of your degree in Australia. This is a merit-based scholarship offered based on academic achievement.
Eligibility Criteria: Female candidates only with strong academic achievement.
Institution: Monash Business School
How to Apply: Candidates need to submit an MBA application along with supporting documents.
Dean's International Management Scholarship
International candidates with outstanding academic and professional accomplishments can apply for the Dean's International Management Scholarship to study MBA in Australia. The scholarships are offered by MBS to international students.
Eligibility Criteria: Full-time enrollment in MBA courses with high GMAT/GRE scores, academic distinction, and leadership record.
This is a merit-based scholarship offered to international students based on their academic performance and industry experience. Candidates need to submit a separate scholarship form along with the MBA application to apply for an MBA Student Scholarship in Australia.
Eligibility Criteria: Full-time enrollment in MBA courses with a strong academic and professional background
The scholarship is offered to international students pursuing an MBA in Australia. This is an industry-based scholarship.
Eligibility Criteria: Full-time enrollment in MBA courses with a strong academic merit, work experience, and community impact.
Institution: AGSM @ UNSW Business School
Value: Partial to full tuition
MBA (Intensive) International Prestige Scholarships
The scholarship is offered by The University of Sydney to international students pursuing the Intensive MBA program in Australia.
Eligibility Criteria: Full-time enrollment in an MBA (Intensive)
Institution: University of Sydney
Value: Up to 50% tuition
AGSM Excellence Scholarship
The scholarship is awarded to overseas candidates with exceptional leadership potential and academic achievement. Students need to submit essays or attend an interview to apply for the AGSM Excellence Scholarship.
Eligibility Criteria: Full-time enrollment in an MBA program with high GMAT scores, academic excellence, and significant leadership roles
The scholarship is specifically offered to Indian students pursuing an MBA in Australia. The scholarship is offered by the University of Newcastle to eligible candidates who meet the academic requirements for MBA in Australia.
Eligibility Criteria: Full-time enrollment in an MBA program, Indian citizen
Institution: University of Newcastle
Value: AU$10,000 (AU$5,000 per year)
Kraft Heinz Scholarship
The scholarship is offered by Melbourne Business School in partnership with Kraft Heinz. It is an industry-based scholarship.
Eligibility Criteria: Full-time enrollment in an MBA program and background in FMCG, operations, marketing, or similar fields
Institution: Melbourne Business School in partnership with Kraft Heinz
Value: Partial tuition (exact amount varies)
ANU College of Business and Economics India Excellence Scholarship
Indian students with outstanding academic backgrounds can apply for the scholarship to manage the cost of studying MBA in Australia.
Eligibility Criteria: Strong undergraduate GPA and academic record, and an acceptance letter from ANU CBE
It is a merit-based scholarship awarded to MBA candidates with a strong academic record and professional experience. Interested students can submit a separate scholarship application on the official website.
Eligibility Criteria: Admission to the Adelaide MBA and a strong academic background
MBA Scholarships in Australia: Eligibility Criteria
As an international student, you need to qualify for different eligibility requirements to secure a scholarship to continue your MBA studies in Australia. If you fail to achieve any of the specified requirements, your application will be rejected by the selection committee, and you will have to cover all expenses of study MBA in Australia by yourself.
Some common eligibility criteria for MBA scholarship in Australia for international students are as follows:
The candidate should have a strong undergraduate GPA from a recognised business school.
Many universities demand at least 2–3 years of full-time professional experience to enroll students in specialized programs.
The candidate should demonstrate strong leadership potential.
Some popular Australian MBA universities evaluate the potential of students through essay writing or a direct face-to-face interview. In such cases, performing well in both is mandatory.
International students from non-English speaking countries need to prove their ELP through IELTS, TOEFL, PTE, or any other tests. The minimum English language proficiency requirements are:
Here’s a step-by-step guide to applying for an MBA scholarship in Australia as an international student:
Research Available Scholarships: Look for available scholarships, such as merit-based, need-based, diversity-focused, and industry-based.
Eligibility: Check the eligibility requirements for international students. Look for the application deadlines and documents required to apply for the scholarship.
Submit Applications: Apply through the university's official portal or as directed in the scholarship guidelines before the deadline.
Write a compelling scholarship essay (if required) mentioning your passion, goals, future aspirations, and your suitability for the scholarship program.
Interview Process: Some scholarships may require an interview as part of the selection process.
Accept the Offer Letter: Wait for results and accept the offer, and confirm your MBA admission.
Tips to Get A Scholarship for MBA in Australia for Indian Students
MBA scholarships in Australia for Indian students are competitive. Due to the large volume of applications, it is necessary to develop some effective strategies to stand out among other potential candidates. Here are some key tips to help you succeed:
Take enough time to research different scholarships available for Indian students to study an MBA in Australia.
Check the eligibility requirements carefully before submitting your application.
Attach all the documents and keep the original copies with you.
Do not wait until the deadline. Apply as early as possible to have enough time for corrections.
Apply for multiple scholarships at a time based on your eligibility.
Consult with mentors or educational consultants to include essential points in your scholarship application.
Practice common interview questions to improve your speaking skills.
MBA scholarships in Australia offer a great way to make your dream of studying abroad affordable. Every deserving international student can fund their MBA in Australia, with many options available-from merit-based to need-based and university-specific scholarships. Be sure to prepare a strong application, meet all eligibility criteria, and apply early to increase your chances of success.
If you want personalised guidance tailored to your profile, you can also connect with upGrad experts who can help you navigate the scholarship process smoothly and find the best opportunities for you.
Important Resources For PTE/SAT/ACT Exam
PTE Examination Eligibility Criteria
There are no specific PTE exam eligibility criteria set by Pearson VUE – the organizers of the test./
The PTE exam pattern is designed to test whether candidates can study at international institutions that have English as the main language for instructions./
Canada is a country that is renowned for the quality of its educational infrastructure. As a result, it is no surprise that a list of PTE accepted universities in Canada is sought-after./
The SAT exam dates fall on Saturdays and the test is generally conducted on 7 Saturdays every year; the deadline for registration is four weeks prior to the date of the test./
According to the latest update on SAT syllabus 2022, SAT Subject Tests and the SAT optional essays have been discontinued which has now reduced the duration of the exam by 50 minutes./
Understanding the SAT exam pattern is of paramount importance for all those who want to study undergraduate courses from universities or colleges abroad./
The College Board India Scholars Program offers the SAT scholarship for Indian students. This scholarship helps students receive education from renowned institutes worldwide./
How to register for the SAT examination? Stay assured that the procedure is not at all complex. Students desirous of obtaining admission into bachelor’s or undergraduate courses in the US or Canada will find this to be an important examination./
It is very important for ACT aspirants to be aware of the complete ACT exam syllabus, as it will help them to avoid any surprises on the day of the examination./
The ACT is a widely accepted and standardized examination in the U.S. and several other countries. It is used majorly for undergraduate admissions into several colleges and universities./
Registration of the ACT examination is done through the official website online. Applicants need to register for the test at least two months before the test date. /
The American College Testing– ACT score is a part of the college applications in the United States of America (USA), depending on the institution students apply to. There are no fixed passing marks for this examination./
Carefully curated list of the top SAT prep material can prove invaluable to reducing aspirants' efforts. So, to simplify your research, here are 10 SAT exam books to consider for thorough preparation./
Yes, you can get a scholarship for an MBA in Australia. Many universities and organizations in Australia offer scholarships to international students pursuing an MBA. These scholarships are usually awarded based on academic merit, leadership potential, or financial need.
Can I get 100% scholarship in Australia?
Yes, you can get a 100% scholarship in Australia. Full-tuition scholarships are offered by top universities like Monash and Melbourne Business School to candidates with strong academic and professional profiles.
How to get 100% scholarship for MBA?
To get a 100% MBA scholarship, candidates should have excellent academic records, high GMAT or GRE scores, and significant work experience.
What are the different types of MBA scholarships available in Australia?
MBA scholarships in Australia include merit-based, need-based, diversity-based, and industry-specific scholarships.
Which Australian universities offer 100% MBA scholarships?
Monash University, Melbourne Business School, the University of Western Australia, and UNSW Business School offer 100% MBA scholarships.
What are the eligibility criteria to get an MBA scholarship in Australia?
Common eligibility criteria to get an MBA scholarship in Australia include a bachelor’s degree with good academic scores, relevant work experience, and strong English proficiency test scores.
Are there MBA scholarships specifically for women in Australia?
Yes, there are many MBA scholarships specifically for women in Australia. These scholarships support female candidates with strong leadership skills and academic excellence.
Do I need work experience to apply for MBA scholarships in Australia?
Yes, you need work experience to apply for MBA scholarships in Australia. Most MBA scholarships require applicants to have work experience of around two to three years to check their professional profile.
Can I apply for multiple MBA scholarships?
Yes, students can apply for multiple MBA scholarships. However, if selected for more than one, you may have to choose one or follow university rules on combining awards.
What documents are required to apply for an MBA scholarship in Australia?
Documents required to apply for an MBA scholarship in Australia include academic transcripts, a resume, a Statement of Purpose, letters of recommendation, proof of work experience, and scores from tests like GMAT and IELTS or TOEFL.
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