5 Fully Funded MBA Programs in Australia
As businesses across Australia begin to recover from the economic impacts of the pandemic, hiring managers are on the hunt for new graduates of Masters of Business Administration (MBA) programs. No matter which discipline your undergraduate degree is in, an MBA is a proven way to take your career to the next level. From improved communication and leadership skills to networking and collaboration activities, an MBA can give you the knowledge and marketability you need to be competitive in today’s job market.
As starting wages for new MBA graduates climbs, it’s the ideal time to head back to class. As you plan the next phase of your education and career, consider one of these fully funded MBA programs.
Program Length: 2 years
Delivery Method: On campus in Melbourne
For students interested in international business and global development, the Monash MBA is a perfect fit. This two-year program features experienced-based modules that allow students to gain practical experience on consulting projects, industry engagement, and collaborative tasks with business professionals. The dynamic scheduling of this program includes evenings and weekends to allow students to hold jobs during the day and put their learnings to work in real time.
Scholarship opportunities include the Monash MBA Alumni Support Fund. This academic and merit-based scholarship, which offers $50,000 over two years, is given to students who display a commitment to advancing business and leadership in their communities. Monash University also embraces diversity and inclusion by offering the Jane McAloon Scholarship for $30,000 over two years to female MBA students in financial need.
Program Length: 1.5 years full-time or part-time equivalent
Delivery Method: On campus in Melbourne or online
If you’re looking for an agile way to get your MBA, Deakin University’s MBA program is designed with you in mind. With students across Australia looking for an alternative to in-class courses, this MBA program is cloud-based — giving you the flexibility to learn on your schedule. Deakin emphasises hands-on experience and gives you a solid basis to your future career with coursework in financial decision-making, leading people and organisations, and marketing to position your business to consumers.
Deakin has several scholarships available awarded based on academic achievements, including the HDR Research Training Program Scholarship and the Deakin University Postgraduate Research Scholarship. Both scholarships offer:
- A stipend of $28,900 per year for two years;
- A relocation allowance from $500 to $1,500, and;
- Coverage for two years of tuition fees.
Australian National University
Program Length: 1.5 years full-time
Delivery Method: On campus in Canberra
If you appreciate the status and prestige of studying at the top-ranked university in Australia, the MBA program offered by Australian National University (ANU) is just the ticket. Designed for existing middle-level managers, this program nurtures young business leaders and gives them the foundation they need to succeed at the executive level. Coursework highlights include international business, change management, information systems, and entrepreneurship.
By applying to this program, you’ll automatically be considered for the Research School of Management MBA Scholarships. This scholarship covers 25 to 100 percent of tuition and is awarded to talented students with management experience. For Aboriginal or Torres Strait Islanders, ANU offers the College of Business & Economics Postgraduate Scholarship, which covers 100 percent of tuition.
Program Length: 1.5 years full-time, 3 years part-time (online only)
Delivery Method: On campus at Gold Coast and South Bank or online
If you’re looking to start your MBA degree quickly, Griffith University’s MBA program is the answer. Their trimester system allows you to enter the program at one of three starting dates during the year. This program is distinct because of its focus on leadership. Partnerships with the Institute of Managers and Leaders give students excellent exposure to international business and global economic ventures.
Scholarship opportunities include the:
- International Postgraduate Research Scholarship: Awarded to international students. Covers 100 percent of tuition for two years.
- Queensland Business Weekly Griffith MBA Responsible Leadership Scholarship: Valued at $55,000 for first place and $27,750 for the three runners-up.
University of Tasmania
Program Length: 2 to 5 years
Delivery Method: On campus in Hobart or online
If you have a flair for innovation and are interested in seeing how corporations will pivot and adapt to a post-pandemic world, the University of Tasmania’s MBA program is for you. With a focus on reimagining traditional modes of business, it’s an opportunity to learn how businesses are responding to changes in operations and consumer behaviour.
For 2023, they are expanding their MBA program to include an Executive MBA. This MBA is designed specifically for experienced managers and business professionals looking to gain more advanced contemporary management knowledge.
The University of Tasmania offers the following scholarships:
- Tasmania Graduate Research Scholarship: Awarded to those who demonstrate exceptional research ability. Offers $28,854 per year for two years.
- Westpac Future Leaders Scholarship: Offers up to $120,000 in funding over two to three years. Funding is meant to cover course fees, living expenses, extra learning experiences, and travel expenses.
Choosing Your MBA Program
Whether you choose a traditional or online degree, an MBA is a sure-fire way to jump-start your career. In fact, Fortune reports that 69 percent of MBA graduates in Australia, Great Britain, and the U.S. have been approached by a hiring recruiter in the last year.
With that in mind, it is certain that selecting a fully funded MBA program in Australia will give you the foundation you need to be successful in your business and life.