MBA Scholarships in Australia: Scholarships for MBA in Australia for Indian Students  Image
MBA: The Why, The Whats & The Hows

MBA Scholarships in Australia: Scholarships for MBA in Australia for Indian Students

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Yocket Editorial Team
5 mins read
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The land down under, aka Australia, is often referred to as one of the most beautiful country-continents around the world. The country has a very high standard of living, along with a very welcoming and friendly community. This makes it an excellent study abroad destination for MBA. 8.7 lakh students migrate to the country every year to get admitted to top universities, out of which at least 20,000 are enrolled in MBA courses across the nation. Such is the quality and demand of the course in Australia.

For Indian students, an MBA in Australia costs around 60,000 AUD. Being such a high amount, most Indian aspirants fail to achieve their dream of an international MBA degree. However, you can always opt for MBA scholarships in Australia that can pay for your tuition, and living costs, and help you financially to complete your MBA from here. So, keep reading as we make you discover scholarship for MBA in Australia for Indian students! 

  Table of Contents

  1. Cost of Studying MBA in Australia
  2. List of Partially and Fully Funded MBA Scholarships in Australia
  3. Eligibility to Study MBA in Australia with Scholarships
  4. Deadlines and Application Procedure of MBA Scholarships in Australia
  5. Frequently Asked Questions about MBA Scholarships in Australia

Cost of Studying MBA in Australia

Before diving into MBA in Australia scholarships, let us first know what actually is the cost to study an MBA in Australia. The quality of education in Australia is exceptionally phenomenal. This makes it a little expensive, but the top universities in the country help students study MBA in Australia with scholarships. The tuition fee for some of the most sought-after colleges to study MBA in Australia with scholarship are listed here:

University

Annual MBA Tuition Fees (in AUD)

The University of Western Australia

59,700

Macquarie University

80,000

University of New South Wales

78,480

University of Queensland

82,580

Monash University

93,200

  • The living costs in Australia depend on your standard of living and habits. Approximately the living cost can be estimated to be around 2,000 AUD or INR 1 Lac per month including the rent and other amenities. 
  • Other than this, approximately 30,000 INR will be required as the pre-arrival cost which will consist mainly of the registration fees, flight ticket, fees for GMAT and IELTS test and other documentation formalities. 
  • To make up for all the expenses you will have to face as an international student in Australia, you might want to work part-time to cover up all your expenses even after you get a scholarship for MBA in Australia for Indian students! 

Suggested: Cost of Studying in Australia for International Students! 

List of MBA Scholarships in Australia

Australian universities offer a huge amount of fully funded MBA scholarships in Australia that you can choose from to make your studying experience better. 

Let us have a look at the six best options to study MBA in Australia with scholarship along with all the necessary details:

ANU MBA Scholarship

Courses Supported

Management, Marketing, International Business, Leadership, Entrepreneurship and Innovation

Nationalities Supported

All

Value

Tuition fees

Level of Study

Masters and MBA

University

Australian National University

Melbourne Business School-MBA Scholarships 

Courses supported

Business Administration

Nationalities supported

All

Value

Partial funding

Level of study

Masters and MBA

University

Melbourne Business School

Monash MBA International Excellence in Leadership Scholarship 

Courses Supported

Business Administration

Nationalities Supported

All except Australians

Value

Partial Funding

Level of Study

Masters and MBA

University

Monash Business School

International MBA Scholarship at Curtin University Australia

Courses Supported

Business Courses

Nationalities Supported

All

Value

Only Tuition Fees 

Level of Study

MBA

University

Curtin University

Forte Fellows Program 

Courses Supported

Business Administration

Nationalities Supported

All

Value

Partial Funding

Level of Study

MBA

University

Forte Sponsor Schools

UN Women NC MBA Scholarship- University of Sydney 

Courses Supported

Business Administration

Nationalities Supported

Open to Australian women applicants

Value

Partial Funding

Level of Study

MBA

University

University of Sydney

There are numerous other options to study MBA in Australia with scholarship. You could go for the check for scholarship option when applying to an MBA in Australian universities to avail best opportunities. Indian governments and NGOs also offer scholarships for MBA in Australia for Indian students and their higher education. 

Suggested: 10 Best MBA Colleges in Australia! 

Eligibility to Study MBA in Australia with Scholarship

As a scholarship applicant, there are several eligibility criteria you’ll have to fulfil for both half, and fully funded MBA scholarships in Australia. There’s high competition for these awards, so it’s advisable that you make your profile stand out among the rest of the applicants to be selected for your scholarship. 

Let us have a look at a few generic eligibility criteria that most MBA scholarships in Australia require from applicants:

  • The applicant must be an international student
  • The applicant must show excellent academic status and prove his or her capacity
  • The applicant should be eligible to apply for an MBA degree
  • The applicant should have experience in international business management
  • A good GMAT or GRE scores also required
  • At least two outstanding letters of reference

Other than these, some universities and scholarship agencies might also require additional eligibility criteria owing to the high competition for the same. If you are looking forward to securing your scholarship for MBA in Australia for Indian students, you are advised to work on your portfolio and resume to make it stand out from the rest of the crowd.

Suggested: 5 Cheapest MBA Colleges in Australia! 

Deadlines and application procedure of MBA scholarships in Australia

To study MBA in Australia with scholarship, you must keep yourself up to date with the notices released by the organisations and institutions giving out these scholarships. 

On a general note, most scholarship applications begin in the month of September to January. Different scholarships have different dates and deadlines. To make sure you do not miss an important opportunity, you must check the websites offering genuine detail about these MBA scholarships in Australia regularly.

To apply for fully-funded MBA scholarships in Australia, you can follow these generic steps:

  • Shortlist all the scholarships that you are interested to apply for
  • Go to the official website and look for the apply now button after reading all the important instructions and details
  • Fill out the application form and support with relevant documents
  • Follow any instructions given by the website
  • Note the date of the result and keep an eye out for the same

Ideally, you will be notified via post or mail that your scholarship application has been accepted. You can then proceed with the rest of your preparation. To avoid unwanted surprises, you must apply to multiple scholarships in case you miss to qualify for one.

Suggested: Job Opportunities in Australia after MBA! 

Studying MBA in Australia with scholarship, is an excellent opportunity for international students as they can avail the best standard of education from this country at a comparatively low price and high return on investment. To know more about fully funded MBA scholarships in Australia, you can even connect with our Yocket Counsellors

Frequently Asked Questions about MBA Scholarships in Australia

Ques. Is getting a scholarship to study MBA in Australia difficult?

Ans. Getting an MBA scholarship in Australia is not easy as it is very competitive and hundreds of applicants aspire for the same. Only the best among thousands receives the opportunity.

Ques. How many MBA scholarships in Australia are offered every year?

Ans. It depends on your application. Some organisations give out ten, some twenty, some a hundred!

Ques. What will a fresher MBA graduate earn in Australia?

Ans. 85,000 AUD is the minimum pay of an MBA fresher in Australia. This means that even in the worst-case scenario, you will be able to make up for your entire MBA fee in only one year of working.

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