Westpac Future Leaders Scholarship

The Westpac Future Leaders Scholarship is set up for students planning to start or continue postgraduate study at certain universities in Australia, including the University of Melbourne. It's funded by the Westpac Scholars Trust, supported by one of the country’s major banks. Rather than just paying your fees, this scholarship is aimed at people who want to grow their skills and make a difference in Australia’s future—especially if you care about technology, social change, or strengthening ties with Asia.

Who offers it and why?

Westpac’s foundation provides the money, but the program is run with universities. The aim is to build a community of Australians who are ready to tackle big challenges in their career—whether that means leadership in public service, business, research, or non-profit work. You won’t get this award just for good marks. You’ll need to show genuine leadership, a plan to make a positive impact, and solid communication skills.

What does it support and suit?

It covers full-time postgraduate coursework or research degrees that align with one of the program’s themes: technology and innovation, social change, or Australia’s engagement with Asia. Scholarships can be used for master’s or PhD programs, and the funds can support study, conferences, and periods overseas if that fits your research or project goals. Part of the experience is a tailored leadership program with residential sessions and mentoring, plus ongoing membership in the Westpac Scholars Network for professional growth.

If you’re thinking about studying at Melbourne for a master’s, PhD, or selected joint degree, and your work could have an impact beyond the university, this fits. Be sure to secure your offer from the University of Melbourne, since your Confirmation of Enrolment is often part of the visa and scholarship process. Most international students will need to hold a subclass 500 student visa as well.

• Australian citizenship or permanent residency is required (international students are not eligible).
• Intention to undertake a full-time postgraduate degree (by coursework or research) at the University of Melbourne in an area aligned with technology and innovation, social change, or Australia-Asia ties.
• Outstanding academic achievement (upper second-class honours or equivalent is a usual minimum).
• Evidence of leadership potential and desire to contribute to Australia’s future in your chosen area.
• Not already enrolled in the proposed postgraduate degree (some exceptions may apply).
• Ability to begin your program in the year the scholarship is offered.
• Strong written and oral communication skills demonstrated in the application and at interview.

• Tuition fee support for your full-time postgraduate study at the University of Melbourne.
• Generous stipend to help with living and project costs during your degree (check the official site for current figures).
• Participation in a year-long leadership development program with fellow scholars, including face-to-face residential programs, mentoring, and professional development opportunities.
• Opportunity to fund research, study tours, and overseas placements linked to your degree topics and impact goals.
• Access to the Westpac 100 Scholars Network for lifelong professional networking across Australia.
• Travel allowance to support eligible projects, research fieldwork, or conference attendance.

• Check your eligibility against the detailed criteria on the University of Melbourne and Westpac Scholars Trust websites to ensure your course and work fit the scholarship focus areas.
• Shortlist your preferred postgraduate course at University of Melbourne and begin your admission process (often you need an offer before the scholarship closes).
• Prepare your application, including academic transcripts, CV, reference letters, and detailed statements outlining your proposed area of study and leadership ambitions.
• Demonstrate your leadership record and future aspirations clearly in your written responses.
• Submit your application online via the official Westpac Future Leaders Scholarship portal before the published deadline.
• Participate in the selection process if shortlisted, which usually includes an interview and sometimes group activities.
• Follow up your application status through the University of Melbourne’s scholarship portal or Westpac’s site, and be ready to provide additional documents if requested.