Reserve Bank of Australia First Nations Scholarship

The Reserve Bank of Australia (RBA) First Nations Scholarship at James Cook University is aimed at Aboriginal and Torres Strait Islander students who are studying full-time. The RBA, Australia's central bank, provides this scholarship in partnership with JCU to encourage more Indigenous Australians to enter fields such as economics, commerce, finance, and related disciplines. By supporting these students, the RBA hopes to see more First Nations professionals enter influential roles, both in the financial sector and beyond.

This scholarship provides more than just financial help; it often includes mentoring and the chance to connect with professionals from the RBA. Recipients may gain insights about central banking, economic policy, and real-world applications of what they're learning in lectures and tutorials. It's well suited to students who are passionate about economic justice, who want stable career options, and who are open to placements or internships that can lead to further employment opportunities.

Who Should Apply?

The program suits Indigenous students at JCU who have an interest in economics, finance, commerce, or similar areas. It supports studies at both undergraduate and occasionally honours levels. Students who bring community perspective to their studies, or who hope to use their qualification to make positive changes in their communities, are especially encouraged. Mature-aged and school-leaver applicants are both welcome.

Fit with Australian Study Plans

If you are moving to Australia to study at JCU and want to apply for this scholarship as an international student, you'll first need to secure admission and a Confirmation of Enrolment (CoE) from the university. This document is necessary for the Australian Student Visa (subclass 500) application process. However, eligibility is usually limited to students who identify as Aboriginal or Torres Strait Islander, so most recipients will be Australian citizens. Everyone should check these details with JCU's scholarships office because requirements can change.

• Must identify as Aboriginal and/or Torres Strait Islander as recognized by Australian law.
• Be enrolled or intending to enrol full-time at James Cook University in an eligible course (often economics, commerce, finance, accounting, or a closely related field).
• Australian citizenship is generally required.
• Maintain satisfactory academic progress as set by the scholarship's terms.
• Meet any extra criteria set by JCU or the Reserve Bank of Australia, such as providing evidence of community involvement or financial need.
• Cannot be in receipt of a similar major scholarship for the same period, unless allowed by JCU's scholarship regulations.

• Regular financial payments throughout the duration of study to help with living costs, textbooks, and course materials.
• Potential mentorship and networking opportunities with professionals at the Reserve Bank of Australia.
• Invitation to Reserve Bank events, seminars, or information sessions (sometimes includes travel support).
• Academic support and possible access to tailored mentoring or tutoring at JCU.
• Chance for paid internship or work experience at RBA, depending on academic performance and RBA's availability.

• Review the eligibility details on the James Cook University scholarships page and ensure you meet all requirements for the RBA First Nations Scholarship.
• Gather supporting documents such as academic records, proof of Aboriginal and/or Torres Strait Islander identity, evidence of community involvement, and a personal statement outlining your goals.
• Prepare a curriculum vitae (CV) highlighting your education, work, and volunteering experience.
• Complete the scholarship application form on the JCU scholarships portal. Double-check for deadlines and submission instructions.
• Submit your application and keep copies of all documents as confirmation.
• If shortlisted, attend any interviews or provide additional documentation if contacted by the university or the Reserve Bank.
• Await notification from JCU about the outcome. If selected, follow the instructions to formally accept the scholarship and arrange any required meetings or paperwork.