From 2008, all students in the Bachelor of Accounting program will receive a scholarship valued at:

• $13,000 for the first year of the course;
• $13,500 for the second year of the course; and
• $  7,000 for the first half of the third year of the course.

In addition to the scholarship, which runs for 2½ years of the 3-year course, students can claim a Recruitment Incentive of $ 7,000 in their third year if recruited by a sponsor organisation (see below). This would bring the total received over the three years to $40,500.

The scholarship is paid in fortnightly instalments into a nominated bank account, throughout the calendar year, through both university and industrial semesters. The scholarship is paid to students by the university from pooled sponsorship funds, and is clearly not tied to any particular sponsor organisation. As such it is tax-exempt income. Students are not obliged to join any particular firm upon graduation, nor do they have to repay any of the scholarship if they do not accept a job offer from a sponsor. Receipt of the scholarship is subject to the disciplinary rules of the Bachelor of Accounting program.

The rationale behind paying the scholarship is that most students will be able to afford to live in Sydney and study full-time, without the distraction of looking for part-time work to support themselves. In addition, the scholarship is designed to attract the very best qualified applicants, who may well receive other scholarship offers and have many options open to them for further study.

In addition to the scholarship payments above, any student who has to move home in order to join the course in Sydney will receive a Relocation Allowance.

The Recruitment Incentive

The Bachelor of Accounting student scholarship terminates on June 30 in the third year of the program. However, by this time most (if not all) Bachelor of Accounting students will have been recruited for full-time employment starting the following year. Those students who receive and accept a job offer from any of our sponsor organisations will be rewarded with a Recruitment Incentive of $7,000 (i.e. equivalent to the value of a scholarship for the remaining 6 months of the course).

To claim their entitlement to the Recruitment Incentive students must lodge with the Office of Co-operative Education an "Acceptance of Offer of Employment" form, signed by the student and a sponsor representative, setting out the terms of the employment agreement. In the event that the student does not commence employment as agreed, the Recruitment Incentive must be repaid.

Top of page