An MBA degree can help eligible students become professional executives in their field of interest by providing the skills and exposure required for the role. However, the high costs of an MBA make it a far-fetched dream for many students across the globe. Even those with great academic records and profiles can often lack funding for such a degree. MBA scholarships serve as a solution to this problem, with a plethora of scholarships available in India and abroad to help students from economically disadvantaged backgrounds achieve their dream of getting an education from a prestigious university.
There are many different types of MBA scholarships available to students, so it is important to do your research in order to find the one that best suits your needs and financial situation. With careful planning and a bit of luck, an MBA scholarship could be the key to unlocking your future career success.
What is an MBA Scholarship?
Most MBA programs last two years. In order to receive an MBA scholarship in countries such as the United States, United Kingdom, France, Italy, and Canada, students must have a valid Graduate Management Admission Test (GMAT) score and be accepted by the program based on its selection criteria. There are also several other requirements that a student must meet, which are detailed in the table below.
Eligibility requirements for each MBA scholarship:
-Valid GMAT score
-Program acceptance based on selection criteria
-Other requirements as specified by the program
Scholarships for MBA Abroad
If you’re hoping to attend a top business school to get your MBA, one of the best ways to finance your education is by obtaining an MBA scholarship abroad. Many schools offer scholarships specifically for students who want to study abroad, so if you’re looking for an MBA scholarship, there are plenty of options available. You can find a scholarship that meets your needs whether you want to attend a business school in India or another country. With an MBA scholarship, you can ease the financial burden of attending a top business school and focus on getting the most out of your education.
Scholarships Available to International Students:
Many scholarships – like the ones that we offer at our university – are available to students who have demonstrated excellence in their academic records, GPA, test scores, extracurricular participation, community service, and other professional and academic achievements. You may be automatically considered for these scholarships when you apply to our university – there’s no need to fill out a separate application.
Need-based scholarships are created to help financially challenged students and are given out after reviewing the student’s demonstrated need. If you want to be considered for a need-based scholarship at most universities, you either have to fill out a separate application or indicate it on your application for the school.
Various scholarships are available for international students at business schools worldwide in order to reward diversity in the student body. By offering these scholarships, business schools can attract more international students to study there.
Scholarships From Outside Sources
MBA scholarships are plentiful for Indian students wanting to study abroad, with opportunities coming from private organizations, the government, and well-known employers. All external scholarships require a separate application to be submitted by the deadline in order to be considered, so it’s important to apply as soon as possible after learning about a scholarship opportunity.
List of top MBA scholarships
MBA scholarships are available from both Indian and international institutions for deserving students. Some well-known providers of MBA scholarships in India are Capital First, the University of Petroleum & Energy Studies, and others. A list of top MBA scholarships from international colleges is provided below.
Some of the well-known scholarship providers for MBA programs at international colleges include Stanford Business School, INSEAD Business School, ALBA Graduate Business School, Imperial College Business School, and others.
- Capital First MBA Scholarships have an application timeline of between April and July. The provider is Capital First.
- University of Petroleum & Energy Studies (UPES) offers an MBA Scholarship for eligible students. The application timeline for this scholarship is between February and March.
- Harvard University-Boustany Foundation MBA Scholarship has a timeline for applications that falls between January and May each year. This scholarship is provided by the Boustany Foundation.
- IUBH University of Applied Sciences offers scholarships for their online MBA program between March and June each year.
- University of West England (Bristol) is offering an MBA scholarship with a deadline falling between April and October.
- Stanford Reliance Dhirubhai Fellowship is a scholarship provided by Reliance Industries Limited and Stanford Business School, USA. The application timeline for this scholarship is between March and May.
- ALBA Graduate Business School Scholarship in Greece is currently accepting applications from students interested in studying business in Greece. The application deadline for this scholarship is July 31st.
- INSEAD Deepak and Sunita Gupta Endowed Scholarship is provided by the INSEAD Business School and has an application timeline of January to February.
- Oxford Pershing Square Scholarship in the United Kingdom is provided by the Pershing Square Foundation. The application timeline for this scholarship is between December and January.
- Weidenfeld-Hoffmann Trust and Said Business School Foundation are proud to offer scholarships for students looking to study business and management. The application timeline for this scholarship is between December and January.
- MBA Scholarships for Woman at the University of London.
- The University of London offers a prestigious MBA scholarship program for women only. Many scholarships are available each year, and this program is among the most popular in India.
- International Scholarship Program of the IBA (International Business Academy) offers a competitive scholarship program for international students looking to study business abroad.
- This scholarship is available to international students who wish to study for an MBA at the Institute of Business Administration (IBA) in Karachi. The scholarship is available to students with strong academic credentials who wish to study at a Pakistani university.
- Chevening Scholarships are UK government-funded scholarships that are awarded to international students who are looking to study in the UK. These scholarships are usually awarded to students who have demonstrated academic excellence and who have a strong track record of leadership and community service.
- The British government offers Chevening Scholarships to international students who want to study a full-time postgraduate degree at any university in the United Kingdom.
MBA Scholarships for Indian Students Abroad
MBA, or Master of Business Administration, is a popular course among Indian students because it provides many opportunities for professional development. However, MBA programs can be expensive to attend, and not everyone can afford the high tuition costs. But
if you win an MBA scholarship for Indian students, your dream of studying at a prestigious foreign university could become a reality. There are many scholarships available to Indian students who want to study abroad, and with a little research, you could find the perfect one for you. So if you’re interested in pursuing an MBA at a foreign university, start looking into scholarships today.
To be eligible for MBA scholarships for Indian students studying abroad, you’ll need to have a strong academic record as well as work experience, extracurricular activities, and community service accomplishments. A minimum GMAT score of 600 is required, but to be competitive for the best awards, you should aim for a score of 700 or higher if you’re applying to top business schools.
Here is a comprehensive list of the most popular scholarships for Indian students studying business at top schools in the United States, United Kingdom, Australia, Canada, and other countries:
–The Fulbright Scholarship:
This scholarship is offered to Indian students who want to pursue a master’s degree in business at top U.S. universities.
-The Chevening Scholarship:
This scholarship is offered to Indian students who want to pursue a one-year MBA at top UK universities.
-The Australia Awards Scholarship:
This scholarship is offered to Indian students who want to pursue a master’s degree in business at top Australian universities.
–The Canadian Bicentennial Scholarship:
This scholarship is offered to Indian students who want to pursue a one-year MBA at top Canadian universities.
There are many other scholarships available for Indian students wanting to study business abroad, including options from individual schools and governments.
Global Study Prizes
The British Council awards Global Study Awards to ambitious students who want to further their studies at renowned universities worldwide. If you want to be in the running for this award, you must have completed the IELTS exam within the year before the deadline for applications. To apply for this scholarship, you must fill out a separate application form – and keep in mind that the award is only given once.
Skoll Foundation Scholarship
The Skoll scholarship is available to students who are applying for MBA admission to the Said Business School in rounds 1, 2, or 3. This scholarship is awarded to students who demonstrate entrepreneurial abilities and a commitment to solving societal social, and environmental problems.
The Skoll scholarship is applied for through the Said Business School MBA application. This scholarship covers the entire course fee as well as a portion of the living expenses. It is a scholarship that will last for the duration of your program.
The German Academic Exchange Service, or DAAD, offers MBA scholarships in Germany that cover the full cost of tuition. Each year, over a million scholarships are awarded to eligible candidates who are available for the duration of the program. You can apply for this scholarship on the DAAD website.
This is a fully-funded scholarship that lasts 1-2 years.
The Sydney Future Leaders MBA scholarships are university-specific, merit-based scholarships awarded only to part-time MBA students. It is Australia’s leading program of its kind to apply for it, you must submit a separate application.
Up to four years of part-time study for the MBA scholarship at the school of business is covered in full by tuition fees.
The Forte Fellowships are prestigious awards given to students who have been accepted into an MBA program at a Forte partner business school. This award is only open to female candidates. Forte fellows typically have a GPA of more than 3.6, a GMAT score of around 700, and 5 years of work experience. A separate application is required to apply for this scholarship, which the business school will always offer during your program.
Apply for an MBA scholarship, there are a few things you should keep in mind.
While there are a great many scholarships available for MBA students, you cannot apply for all of them. Rather, it is best to find one that is suited to your profile and needs. To that end, before applying for any MBA scholarship, consider the following points:
first reviewing a university’s eligibility criteria for MBA scholarships before you go ahead and apply. Some scholarships are only available to students who are in the process of completing their first MBA, while others are only available to students who have already done so. There’s no use applying if you don’t meet the requirements, so avoid wasted effort by checking ahead of time.
If you already have an MBA, check to see if the scholarship you’re applying for is for a year or more. If you are currently pursuing your first MBA and wish to work after graduation, apply for a short-term scholarship program so you can gain some experience in the workforce before returning to school.
it’s important to keep in mind that some scholarships are only offered to students who want to study in specific countries or cities. For example, the Oxford Pershing Square MBA Scholarship is only available to students pursuing an MBA at Oxford University in the United Kingdom. So, before you fill out any application, make sure to double-check the university’s location to avoid any unnecessary wasted time and effort!
Apply for multiple scholarships at the same time.
You can, and should, apply for multiple MBA scholarships at the same time! By doing so, you are increasing your chances of being awarded at least one scholarship. Be sure to have all your documents ready before applying for any MBA scholarships, including your CV, academic transcripts, and reference letters. Having these items on hand will make the process much smoother and increase your chances of being awarded a scholarship.
Maintain a high grade point average
It’s important for international students to maintain a good cumulative GPA if they want to apply for MBA scholarships in India or abroad. Not only will a high GPA increase your chances of being awarded a scholarship, but it will also help you get into top business schools.
MBA scholarships are available at different times of the year, so you should look into all of the options and apply accordingly. Some deadlines may be very close together, so it’s best to figure out which one works best for you before applying for any scholarship. Learn more about different scholarships for Indian students by visiting our MBA Scholarship section.
MBA scholarships are an excellent way to finance your education. Thorough research is essential to finding the best scholarship for you. Find the best scholarship offered by various schools of business in this article.
However, students should be aware that each scholarship is highly competitive and has specific eligibility requirements that are subject to change. Current or updated information can be found on the official website or by contacting an authorized representative of that organization.
Frequently Asked Question
How Can I get Scholarships for MBA Abroad?
You can take the Graduate Management Admission Test (GMAT) to apply for scholarships for MBA, specialized master’s, dual degree, and doctoral business programs.
Which country provides free MBA programs for Indian students?
MBA programs in Germany are very affordable because the tuition fees are waived off, and the only expenses a student has to pay for are student contributions and living expenses. This automatically reduces the maximum financial burden, making it easier for students to attend these prestigious programs.
What is an acceptable GMAT score for obtaining MBA scholarships abroad?
To be eligible for an MBA scholarship abroad, you will need a GMAT score of at least 600. If you are hoping to apply to some of the top B-schools that offer MBA scholarships, it is recommended that you aim for a score of 700 or higher in order to be in with a chance of receiving the highest possible award.
Can I get 100% MBA Scholarships For Indians?
There are a number of MBA scholarships available for Indian students, including the Clarendon Fund, Felix Scholarship, Oxford-Indira Gandhi Graduate Scholarships, and London Business School Funds Scholarship. Although it can be difficult to obtain a full scholarship, many students believe that the scholarships offered by business schools can cover the majority of the program’s costs.