Scholarships and Fees

Scholarships

We have a number of scholarships available to local and international self-funded candidates for the full-time MBA program. The scholarships range in value.

Self-funded candidates can be considered for our scholarships and will be assessed on the strength of their application and interview performance.

Decisions to award scholarships on the full-time MBA are made by considering a combination of merit and contribution to the diversity of the program cohort.

The Business School is offering up to ten (10) MBA Leader Scholarships for local and international students admitted to the Full-Time MBA commencing in Semester 2, 2018. The scholarships are awarded on merit to the most outstanding applicants against the initial selection criteria of academic achievement.

The scholarships will cover 50% of the tuition fees for up to 12 units of study, pending normal degree duration.

The Business School is offering up to ten (10) Director’s Award Scholarships for local and international students admitted to the Full-Time MBA commencing in Semester 2, 2018.

Up to ten scholarships are available, each valued at $10,000.

Externally supported scholarships may have their own requirements.

Fees

Fee Structure

The University's tuition fees are reviewed annually and may be varied during the period of study. The fees for the program in 2018 are made up of twelve units of study at a total of AUD$75,000. Full-time fees are paid per unit of study per term in advance and payment deadlines are notified to students at the beginning of each calendar year. Please note that a number of scholarships are also available for eligible students.

Payment Options

If offered a place in The University of Sydney Business School's MBA program, there are several payment options available to participants.

If an employer has chosen to sponsor a participant, the organisation will be required to cover the cost of tuition fees to The University of Sydney. The MBA Program Director may work together with a sponsoring organisation to identify promising executives who best suit this accelerated leadership program.

Participants funding their own studies will be required to cover the cost of tuition fees to The University of Sydney. Participants who pay using this option may be able to claim tuition fees and possible associated costs as a self-education tax deduction. To determine eligibility, participants should check with their accountant/financial adviser and consult the Australian Taxation Office website.

FEE-HELP is a loan facility for eligible students (Australian citizens) who are enrolled in fee-paying, postgraduate coursework degrees. FEE-HELP enables students to obtain a loan from the Commonwealth Government to pay all or part of their tuition fees.

Eligible students repay their loan through the taxation system once their income reaches the minimum threshold for compulsory repayment.

Please note, FEE-HELP is only available to Australian citizens. Permanent residents of Australia and international students are not eligible to participate in this scheme.

Further information on FEE-HELP is available at the Australian Government Study Assist website.

For eligible participants wishing to take advantage of FEE-HELP, the Australian Federal Government will cover:

  • Tuition fees
    Please note, there may be a gap between how much participants are able to borrow under FEE-HELP and the total tuition fees participants are required to pay (see 'How much can I borrow' below).

FEE-HELP will NOT cover the following costs:

  • Accommodation, meal and group transportation costs for each unit of study
  • Return airfares for each overseas unit of study and return travel to the Australian-based units of study
  • Student amenities fee (SA-HELP loan is available)

It is imperative that participants consult the Australian Government Study Assist website and review their personal circumstances before making any decisions regarding payment options and FEE-HELP. The above is a simple guide and does not take into account personal circumstances and other contributing factors which are detailed at the Australian Government Study Assist website.

Case study

Joan has been offered and has accepted a place in the University of Sydney Global Executive MBA degree commencing in February 2018.

Joan has never claimed FEE-HELP for any previous studies and thus is eligible to borrow the full amount of $100,879. Note that this FEE-HELP limit is indexed on 1 January each year.

Joan's taxable income is $110,000 for the financial year, which is more than the upper threshold ($101,900 and above). This means she'll have a repayment rate of 8% of her income.

Go to the Study Assist - Loan Repayment website page to see the table of repayment rates for different income thresholds.

Therefore Joan's compulsory repayment is $110,000 x 8% = $8,800 over the next financial year. This repayment amount can be paid under pay as you go (PAYG) withholding or other means (see the Australian Government Study Assist website).

Participants may wish to speak with their employer or HR representatives to investigate whether salary sacrifice/salary packaging arrangements are available.