Full-time MBA Scholarships
Your investment in the MBA program, including all tuition fees of Business in Asia airfare & accommodation is AUD$81,400*. *NB: Please note this is the 2016 program fee and is subject to change.
As with any MBA, you'll need to consider living costs. These will depend on your lifestyle, family situation and choice of accommodation. Rent, food, phone, transport to and from school need to be taken into account, as well as study related costs, including textbooks and computer equipment.
Take a look at www.liveinvictoria.vic.gov.au for up to date information on the cost of living in Victoria.
Melbourne Business School has a wide array of scholarships available for the full-time MBA. Many scholarships are awarded at the time an offer of a place is made. More scholarships are awarded throughout the application cycle. Visit the Scholarships and support section below for a full listing.
Apart from scholarships awarded by Melbourne Business School, there may be external scholarships, grants and government funding available in Australia and your home country.
The investment you’re about to make in your future by undertaking the full-time MBA is a substantial one. But there are ways to finance your study, including: taking out a student loan, drawing on personal resources, receiving a scholarship, gaining sponsorship from your employer. Many MBA students receive financial support from multiple sources.
The first thing to do is to evaluate potential sources of income and assets. As a full-time MBA student, you may find that you will not need the same lifestyle as a working professional.
Student loans are available for Australian citizens (but not permanent residents) via FEE-HELP (the post-graduate equivalent of HECS). Taking out a personal loan via a bank is possible if you’re not eligible for FEE-HELP. If you are an international student, your loan application is more likely to be approved if you apply to a bank in your home country.
If you know you are valued by your employer, it’s worth speaking to them about employer sponsorship. They might be willing to contribute to the cost of your studies on the understanding that you will return to work equipped with valuable new skills that will benefit the organisation.
To build your case, put together a proposal that lists your accomplishments and increased areas of responsibility (e.g. budgets, forecasting of sales figures, leading a team through changes). Be specific about the value-add your MBA will bring to the company – if it’s short on good managers, for example, show how the MBA will enable you to be a more effective manager.
You should also make your commitment and loyalty to the company clear so that they can be confident there will be a solid return on their investment.
Our Admissions Team can assist you with a business case template, please contact firstname.lastname@example.org for more information.
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