The reason why Australia is a favourite destination for international MBA students is not limited to the fact that MBA scholarships in Australia are abundantly available. The country is a hub for international students because of it’s universities’ world-wide reputation of being competitive and globally accredited.
Some other reasons why the country is a top destination for international students is that it offers a plethora of work opportunities to graduate students. Australia has a strong job market and ensures a high rate of employability and return on investment, especially for foreign students. Moreover, according to the Corporate Recruiters Survey published by the Graduate Management Admission Council (GMAC), the administrators of GMAT, the demand for MBA graduates is the highest in Australia in the Asia-Pacific region.
In addition to this, MBA in Australia is in high demand because of its affordability and return on investment. The average length of an MBA program in Australia is 1 to 2 years and is significantly less than the cost of doing an MBA in the USA, the UK and Canada. Australia has an affordable cost of living and the tuition fees for most MBA programs are either discounted or are fully funded MBA scholarships in Australia. Moreover, there are several private as well as government funded scholarships that you may be eligible for in Australia.
Studying MBA in Australia with a scholarship is a dream for many international students, firstly because of it’s universities’ rigorous curriculum and secondly because of an enhanced lifestyle. The country has become a multicultural hub and entertains all students with equal opportunities to study and work. Australia is a resource rich country and has an ever-growing economy especially because of its mining, engineering, real estate, education, health, agribusiness, infrastructure development and information technology industries.
The ease of finding MBA scholarships in Australia is primarily the reason why this field of study is the most popular all over the world. Moreover, the students who come out with flying colours at the end of their term often find themselves placed closely with the ASEAN economies. The country is ideal for those who wish to gain a deeper understanding of the enterprises of Hong Kong, Sydney, Singapore, Tokyo, Melbourne, Taipei, Seoul and Kuala Lumpur. Most MBA graduates seeking admissions in Australia end up finding employment in one of the above mentioned cities.
The cost of living in Australia is comparatively much lower than the other top destinations of study such as the UK, the USA, Canada or other European countries. On average the monthly living expenses for a student, including rent will not cross AUD 1,400. Most universities offer on campus accommodation and this might save you some money. However, campus accommodation fills up at the speed of light during peak season and may be difficult to find.
If you are studying with MBA scholarships in Australia for international students, the cost of living for you will be significantly lower than other students who are paying their full tuition fees and living expenses. The Australian Government invests approximately AUD 2,000 million to encourage tertiary education around the country every year. Fully funded scholarships such as the Australia Awards, Destination Australia and other private scholarships offered by universities such as the University of Adelaide, Australian National University offer many scholarships to international students to study in the country.
Now that you have the basic idea of the country and its cost of living for international students, let us take a look at some of the fully funded MBA scholarships in Australia you may be eligible for.
Vice Chancellor's Academic Excellence Postgraduate Scholarships
Offered by Western Sydney University, this scholarship is open to all international students who are enrolled as full-time students at the university. You may apply for this scholarship if you are enrolled into any of the courses offered by the university except Doctor of Medicine. This award will help you cover 50% of your tuition fees for a maximum period of 3 years.
Adelaide MBA Scholarships
The Adelaide Business School provides MBA scholarships in Australia to deserving students with the drive and passion to undertake MBA studies. This scholarship is funded across a wide range of MBA programs including Accounting, Finance and Banking, Marketing, Management, and Entrepreneurship. These scholarships apply for a period of 5 years from admission into the program. Adelaide MBA scholarships apply only to tuition fees of the students and do not include other expenses. There are other university based MBA scholarships in Australia that are either partially funded or fully funded such as Monash Business School and Sydney Business School.
The Destination Australia Program was launched by the Australian Government under its scheme of Planning for Australia’s Future Population. Launched in 2019 with an aim to equip Australia’s future generation with skills and knowledge to help contribute to the country’s development. Through this program, the Australian government aims to support and sustain Australia’s remote areas. This is done by funding Australia’s regional and remote tertiary education providers. With this scholarship, the aim is to offer Australian and international students high quality education in Australia.
VU International Excellence Scholarship
Victoria University offers scholarships to highly talented students with good academic records. Only those students who are able to surpass the entry requirements of Victoria University are eligible for this Excellence Scholarship. The total value of this scholarship is AUD 3000 which can be adjusted towards your MBA tuition fees. The total value of the Scholarship is up to $12,000 towards the total tuition fees for a four-year undergraduate degree.
Future Leaders MBA Scholarship
The University of Sydney offers fully funded MBA Scholarships in Australia to meritorious students who aspire to pursue their MBA or other graduate studies at the university. The university’s full-time as well as part-time MBA is focused on the all-rounded development of the students and prepares them for a global and challenging environment. The Future leaders scholarship will cover your tuition fees as an MBA student for a period of 4 years.
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