The Australian Institute of Business (AIB) has unveiled a $1.2 million COVID-19 Relief Scholarship program to assist students affected by the pandemic and ongoing economic crisis.
The scholarship offers future students impacted by COVID-19 to receive their first and third subjects in a Master of Business Administration (MBA) or Graduate Certificate of Management (GCM) fee-free.
In addition to the scholarship a further fund has been set aside to assist current AIB students already under-going their MBA, who are also experiencing hardship due to Coronavirus.
The scholarship will help up to 170 Australians upskill during this time of job losses and economic tightening.
Australian Institute of Business CEO Paul Wappett said the scholarships were an important way for AIB to support students during the COVID-19 crisis.
“As we gauge the likely economic impact of the pandemic, we know that there will be many talented and value-adding people will lose their jobs through no fault of their own and that there will likely be fewer job opportunities available for people over the next few years as the economy slowly recovers,” he said.
“So, we want to do our part in helping people position themselves to be as attractive to employers as possible.
Australian Institute of Business’ curriculum has been unaffected by the crisis.
“Because we are online education specialists, offering 100% of our courses online, our students’ learning has not been impacted by COVID-19 in the way that the learning of many students studying on-campus has been,” Mr Wappett said.
“That doesn’t mean that we’re cruising along in a false state of comfort. We know that this is a big deal and that people’s lives are being impacted in a real and substantial way. We want to make sure that we’re doing our part in helping Australian’s invest in themselves for their future.”