Telstra is offering $1.35 million in scholarships to students studying the Master of Science in Information Technology at Carnegie Mellon University in Australia.
The $90,000 Telstra Media Communications and Technology scholarships will be available from 2008 to 2012 to all post graduate students who qualify for the master's degree by completing a bachelor's degree and have three years of industry experience.
Carnegie Mellon University Australia director of development Tim Ryan said the scholarship selection process will consider achievements in previous university studies, an IT industry career and in personal life.
"The process will mimic course acceptance in that we choose the best candidates at the time of admission, and there are no particular cut offs or benchmarks," Ryan said.
"Anyone who meets the course requirements can apply for the scholarship, and they can also apply for a series of others available across the schools."
The course is held at the university's Heinz School of Public Policy and Management campus in Adelaide and four scholarships have been made available for the January 2008 intake.
Ryan said while scholarship students are not obliged to work at Telstra, the company is considering plans to allow students to work as interns during the course.
The telco stated in a press release that course graduates may have the opportunity to secure a job and training placement at the company.
Telstra CEO Sol Trujillo said IT expertise is important in driving innovation across a wide spectrum of industries, especially in telecommunications.
"The most successful technology leaders are those with deep expertise in technology and business strategy," Trujillo said.
Applications close August 31, 2007. More information about the course is available online.