15 Best Scholarships for Master's Degree in Australia in 2024

Pursuing your education with a masters scholarship in Australia can be a wise investment for career growth and life enrichment. However, the costs of postgraduate study in Australia for international students can range from AU$30,000 to AU$60,000 per year, creating a financial barrier. But what if you could eliminate or reduce those heavy costs? Sounds too good to be true, right? 

Wrong. There are numerous scholarships for master’s degree in Australia, both locally funded and geared for internationals, that make achieving a masters scholarship in Australia cost-effective and within reach. We’ve uncovered some of the most generous, practical scholarships for master’s degree in Australia that could fully or partially support your postgraduate aspirations down under. In this guide, we spill all the details on the 15 best scholarships for master’s degree in Australia in 2024:

Best Scholarships for Master’s Degree in Australia

Now, without further ado, let's dive into our selected list of the top scholarships for master's degree in Australia in 2024. Let's explore the details of these scholarships to study in Australia:

1. The University of Sydney International Scholarship

Award Amount: Covers full tuition fees and travel allowance up to AU$5,000

Provider/Offered By: The University of Sydney

Offered In Country: Australia

Eligibility: International students from China, India, Indonesia etc.; have an eligible master's degree offer; display academic achievement and financial need

Deadline: For research period 1,2 it is September 2024, For research period 3,4 it is December 2024

Scooping up The University of Sydney International Scholarship means scoring a free ride for your entire master's degree down under! As Australia's first university, you know the University of Sydney sets a high bar for academic excellence. So, only top international scholars gain full tuition coverage plus a travel stipend of up to AU$5,000 by this masters scholarships in Australia.

2. Australia Awards Scholarships

Award Amount: All tuition costs, return air travel, allowance for living etc.

Provider: Department of Foreign Affairs and Trade

Offered In Country: Australia

Eligibility: Be an international student from selected countries; have at least 2 years work experience in relevant field; agree to return to home country after study completion

Deadline: May 2024

Capturing an Australia Awards Scholarship is like winning the lottery for your Australian postgrad degree! Get all tuition costs, flights home and living expenses paid while you gain a top-notch education. Applicants from developing countries get priority as part of Australia's aid program. But the chance to return home equipped with new skills makes competition stiff worldwide with these masters scholarships in Australia and to get a world class education while studying at top universities in Australia.

3. Melbourne Research Scholarships

Award Amount: Covers tuition fees, health insurance costs

Provider: The University of Melbourne

Offered in Country: Australia

Eligibility: Have an eligible research-based master's offer; demonstrate academic achievement

Deadline: October 2024

If you excel at research, then Melbourne University wants to fund your postgraduate degree! Their coveted Melbourne Research Scholarship offers full tuition and health insurance costs. With a price tag of AU$80,000, scoring this award lets you focus on academic achievements without money stress. Applicants with publications under their belt do well if you opt for this masters scholarships in Australia.

4. Endeavour Postgraduate Scholarship

Award Amount: Up to AU$276,480

Provider: Australian Government

Offered in Country: Australia

Eligibility: International students from Asian countries; display high academic achievement

Deadline: November 2024

The Endeavour Scholarship serves up a sweet deal for Asian students to score their postgrad education in Australia without money pains. We're talking over a quarter million bucks provided by the Australian government! Flaunt exceptional undergrad grades and English language skills to stand out. STEM field researchers tend to be top contenders.

5. Adelaide Scholarships International

Award Amount: Covers tuition fees and living expenses

Provider: University of Adelaide

Offered in Country: Australia

Eligibility: Have an eligible master's degree offer; demonstrate financial disadvantage

Deadline: June 2024

Adelaide University dishes out free rides to talented as well as a whole group of international students via their Adelaide Scholarships International. If you can nail the application essay on using postgrad study for social impact, you’ve got a great shot. Past scholars in development studies and social sciences inspire change due to this scholarship for master’s degree in Australia.

6. University of Queensland Research Scholarship

Award Amount: AU$28,597 per year plus tuition fees

Provider: University of Queensland

Offered in Country: Australia

Eligibility: Have an eligible research master's offer at UQ; outstanding academic record

Deadline: October 2024

Budding researchers should chase the University of Queensland's bountiful scholarships and score over AUD 28K in yearly stipends! It helps you in adding paid tuition fees for your master's. Outperform peers with publications and presentations already under your belt. Sci-tech and engineering wizard students have an extra edge at this top Australian university with this amazing scholarship for master’s degree in Australia.

7. Destination Australia Program

Award Amount: Covers tuition fees, textbook costs

Provider: Various institutions

Offered in Country: Australia

Eligibility: Be an international student from participating Asian countries

Deadline: January 2024

If you're from the Asia Pacific, then Australia wants to foot the bill for your degree down under with their Destination Australia scholarship. It covers tuition and textbook fees to gain world-class qualifications in areas like health, engineering, tourism and more. Participating institutions help job-ready graduates migrate seamlessly to top class job opportunities.

8. EMBA Scholarships in Australia

Award Amount: 25% reduction in tuition fees

Provider: AGSM @ UNSW Business School

Offered in Country: Australia

Eligibility: Have an eligible EMBA program offer from AGSM @ UNSW; display aptitude needed to benefit from EMBA

Deadline: March 2024

Executives and seasoned pros should chase AGSM's sweet EMBA Scholarship deal - score a quarter of the graduate business program's hefty price tag. If you can strategically showcase leadership experience beyond academics, you've got a winning shot to elevate your career with this scholarship for master’s degree in Australia. If you want to know more about Australian credentials about postgraduate programs then read our detailed guide on  postgraduate courses in Australia in 2024.

9. Australian National University Fee Remission Scholarship

Award Amount: 25% discount on tuition fees

Provider: Australian National University

Offered in Country: Australia

Eligibility: Hold an eligible master's program offer from ANU; experience financial hardship

Deadline: Application starts from June 2024

Smart international students who get into ANU but face money problems can apply to lower their degree costs by a quarter with ANU's Fee Remission Scholarship. All nationalities considered. Undergraduates majoring in Asia-Pacific-focused studies often succeed in their masters scholarships in Australia.

10. Science and Mathematics Stipends

Award Amount: AU$8,000 over two years

Provider: Australian Government

Offered in Country: Australia

Eligibility: Enrolled full-time in identified STEM master's course at an Australian uni

Deadline: March 2024

If you geek out over science and math, get paid to fuel your passions down under. AUD 8K in stipends over your master's lets you cover living costs so you can nerd out in the lab and field. Bonus - pick any Australian institution. Be an academically accomplished STEM wizard to win this scholarship for master's degree in Australia.

11. Ian Potter Master of Music Scholarships

Award Amount: AU$28,000

Provider: Melbourne Conservatorium

Offered in Country: Australia

Eligibility: Be enrolled in Master of Music program at University of Melbourne; outstanding musicianship

Deadline: March 2024

Get your virtuoso game on and jam your way to an Australian music master's with funding up to AUD 28K. The Ian Potter Scholarship backs outstanding musicians chasing further study in Melbourne with some added benefits of studying in Australia. Compose stellar application materials highlighting solo and ensemble performance skills with a scholarship for a master's degree in Australia.

12. Sydney Achievers International Scholarships

Award Amount: Up to 50% of tuition fees

Provider: The University of Sydney

Offered in Country: Australia

Eligibility: Display exceptional talent/skill; experience hardship

Deadline: For research period 1,2 it is September 2024, For research period 3,4 it is December 2024

Celebrate your talents with up to half your degree costs covered at Australia's #1 university for graduate employability. The University of Sydney rewards high achievers facing hardship via Sydney Achievers International Scholarships. All fields, from arts to engineering, were considered for this scholarship for master's degree in Australia.

13. Swinburne University Postgraduate Research Awards

Award Amount: Annual stipend of AU$28,597 tax exempt

Provider: Swinburne University

Offered in Country: Australia

Eligibility: Enrolled full-time in research master's at Swinburne Uni; strong research potential

Deadline: May 2024

Budding researchers should flock to Swinburne University and collect an annual tax-free stipend of over AUD 28K! That, alongside free tuition, means you can immerse yourself in labs and libraries with this scholarship for a master's degree in Australia. Impress the committee with papers and presentations that show your potential PhD abilities to gain such scholarships to study in Australia.

14. Sir Robert Menzies Scholarship to Harvard

Award Amount: Covers full tuition fee and living expenses

Provider: Harvard University

Offered in Country: USA

Eligibility: Be an Australian citizen undergraduate/master’s student; outstanding leadership potential

Deadline: February 2024

Why look for other scholarships to study in Australia when Harvard comes calling with a golden ticket? Yes, the Sir Robert Menzies Scholarship ships brilliant Australian undergraduate and master's stars to America's #1 university fully funded! We're talking tuition, health insurance and living expenses taken care of. Leadership oozing applicants focused on public policy or government have an advantage with this scholarship for master's degree in Australia.

15. University of Western Australia International Fee Scholarship

Award Amount: 50% discount on master’s program tuition fees per year

Provider: University of Western Australia

Offered in Country: Australia

Eligibility: Be an international student; experience financial hardship

Deadline: October 2024

University of Western Australia makes postgrad study 50% more affordable for international students facing money woes via its International Fee Scholarship. That cuts yearly tuition down to AUD 15K. All programs, from arts to dentistry, are eligible as long as you are dazzled with academics and ace the application statement on career goals with this scholarship for master's degree in Australia.

And there you have it - all the details on the 15 best scholarships for a master’s degree in Australia in 2024. From prestigious universities like Melbourne and ANU to government programs targeting international students, we covered the full gamut. Local students can find robust funding support, too. Remember - even partial scholarships knock thousands off and are worth applying to. The key is starting early while you polish up those essays and get ready to highlight your strengths. If you need any other financial aid, check out our amberscholar scholarship. This scholarship is dedicated to all Australian universities to help international students pursue their careers at top Australian universities. So, what are you waiting for?