Master of Commerce Scholarship – Eligibility, Benefits & How to Apply

🌟 About the Scholarship

Opens
Closes31 Aug, 2026

The Master of Commerce Scholarship at Monash University is a prestigious scholarship offered to outstanding students enrolled in the Master of Commerce program, which forms part of the Integrated PhD pathway at Monash Business School. The Master of Commerce Scholarship provides full tuition fee coverage for the duration of the Master of Commerce degree. In addition, the scholarship provides a living allowance equivalent to the PhD stipend rate. This financial support helps students cover living expenses while completing their research-oriented master’s degree. Consequently, students can focus fully on their research training and academic development. The scholarship may be awarded for either one year or two years, depending on the duration of the Master of Commerce program.

🎓 Scholarship Snapshot

Here’s everything you need at a glance: the documents to prepare, what the award covers, and key dates so you don’t miss a beat. From transcripts and essays to tuition and living support, this gives you a clear picture of the Master of Commerce Scholarship before you apply.

Eligible Countries

Afghanistan, Albania, Algeria, Andorra, Angola, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Benin, Bhutan, Bolivia, Bosnia-Herzegovina, Botswana, Brazil, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Canada, Cape Verde, Central African Republic, Chad, Chile, China, Colombia, Comoros, Costa Rica, Côte d’Ivoire, Croatia, Cuba, Cyprus, Czech Republic, Democratic Republic of the Congo, Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Eswatini, Ethiopia, Fiji, Finland, France, Gabon, Gambia, Georgia, Germany, Ghana, Greece, Greenland, Grenada, Guam, Guatemala, Guinea, Guinea Bissau, Guyana, Haiti, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Lao People’s Democratic Republic, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Mauritania, Mauritius, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montenegro, Morocco, Mozambique, Myanmar, Namibia, Nauru, Nepal, Netherlands, New Zealand, Nicaragua, Niger, Nigeria, Niue, North Korea, North Macedonia, Norway, Oman, Pakistan, Palau, Palestine, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Puerto Rico, Qatar, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Scotland, Seirra Leone, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Korea, South Sudan, South-Africa, Spain, Sri Lanka, Sudan, Suriname, Swaziland, Sweden, Switzerland, Syrian Arab Republic, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tokelau, Trinidad-Tobago, Tunisia, Turkey, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Vanuatu, Vatican City, Venezuela, Vietnam, Wales, Yemen, Zambia, Zimbabwe

Study Fields

Commerce

GPA / Grade

GPA 2.7

Languages

C1 Advanced 176, IELTS 6.5, PTE A 58, TOEFL iBT 79

Tests

Study Levels

Master's, MS

Total Scholarships

Transcripts

Yes

Degrees

Yes

Essay

Yes

Passport ID

Recommendation Letters

Yes (2)

Result Date

Program Start

September 2026

Tuition Fee

Covered

Living Allowance

Yes

$37,145/Year

Travel Allowance

Research Grant

Health Insurance

Visa Assistance

📞 Contact Information

Call if you want a quick answer, send an email for detailed questions, or follow the university’s social channels to keep an eye on updates and reminders. Use whatever fits your style and timezone.

Scholarship Summary

Award Amount$37,145/Year
Deadline31 Aug, 2026
LevelMaster's, MS
InstitutionMonash University
CountryAustralia
ModeOnline
TypeFully funded

Apply Now

The Master of Commerce Scholarship at Monash University is a prestigious scholarship offered to outstanding students enrolled in the Master of Commerce program, which forms part of the Integrated PhD pathway at Monash Business School. This program focuses on research training and prepares students for doctoral studies and academic careers. The program usually lasts one or two years, depending on the specialization and the student’s previous academic background. After completing the master’s program successfully, students may progress to a PhD program. Therefore, this scholarship not only supports master’s study but also serves as a pathway toward a doctoral research degree.

Background and Purpose

Monash University established the Master of Commerce Scholarship to attract academically outstanding students with strong research potential. The scholarship aims to prepare students for academic and research careers in business, economics, and related fields. Moreover, the program develops advanced research skills, academic writing skills, and research methodology knowledge. As a result, students gain strong preparation for doctoral research and academic careers in universities and research institutions.

Master of Commerce Scholarship Benefits

The Master of Commerce Scholarship provides full tuition fee coverage for the duration of the Master of Commerce degree. In addition, the scholarship provides a living allowance equivalent to the PhD stipend rate. This financial support helps students cover living expenses while completing their research-oriented master’s degree. Consequently, students can focus fully on their research training and academic development. The scholarship may be awarded for either one year or two years, depending on the duration of the Master of Commerce program.

Eligibility Criteria

The scholarship is awarded to students who demonstrate outstanding academic achievement and strong research potential. Applicants must show interest in pursuing an academic or research career after completing the program. In addition, shortlisted candidates usually participate in an interview as part of the selection process. Since the scholarship is highly competitive, only the most academically outstanding and research-focused students are selected each year.

Master of Commerce Scholarship Application Process

Students do not apply separately for the scholarship. Instead, students who apply for the Master of Commerce Integrated PhD program at Monash University are automatically considered for the scholarship. The university reviews applications and shortlists candidates based on academic performance and research potential. Then, shortlisted candidates may be invited for an interview before final selection.

Opportunities for Scholars

The Master of Commerce Scholarship provides full financial support and a direct pathway toward a fully funded PhD at Monash University. Students must maintain full-time enrollment and satisfactory academic progress during the program. However, the Faculty of Business and Economics may discontinue the scholarship after the first year if a student is not considered suitable to progress into the PhD program. Overall, this scholarship provides research training, financial support, and a strong pathway toward doctoral study and academic careers.

Frequently Asked Questions (FAQs)

Who is eligible?

Domestic and international students enrolling full‑time in the Master of Commerce degree at Monash University are eligible.

Do I apply separately for the scholarship?

No separate application is required; eligible students are automatically considered.

Can this scholarship be deferred?

Deferral is allowed only in special circumstances, subject to approval.