Pursuing higher education, such as MBA programmes, usually entails spending a large amount of money. Students who do not come from wealthy backgrounds can have trouble making ends meet. It can also discourage them from following their dreams and ambitions. Fortunately, there is a way out of this dilemma: availing scholarships for MBA students.
Deserving candidates can apply for the same and lighten the burden of paying hefty course fees. Many B-Schools offer scholarships to students with merit, both for studying in India and abroad. There are also scholarships for MBA students that are need-based to assist individuals from financially weaker backgrounds. Here is a look at a few of the top scholarship programmes to fund MBA studies in the country and abroad.
Top scholarship programmes to fund MBA students
|
S. No. |
Institution |
Scholarship |
Eligibility |
Offer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Need-based assistance |
For 1st and 2nd-year students based on gross family income of INR 4 lakh and below |
Full or partial fee waiver |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IIFT Scholarship |
Need-based |
Payment of interest on educational loan for 2 years and 3 months |
|
|
|
Bharti Foundation Scholarship |
Merit |
Course and hostel fee subject to max INR 50,000 per student per annum |
|
|
|
|
Merit and gender |
|
|
|
|
|
|
|
|
|
|
University of Queensland, Australia |
University of Queensland Women MBA Scholarship |
GMAT, work ex, English language proficiency |
50% discount on tuition fee for max 2 years |
|
|
Chicago Booth School of Business |
|
Merit-based for full-time MBA students |
|
|
|
Stanford University |
Stanford Reliance Dhirubhai Fellowship Programme |
Merit, need-based, leadership potential, intellectual vitality |
Approx USD145,000 |
|
|
Wharton School of Business |
|
|
|
How to Apply for Scholarships
There are several other scholarships for MBA students that you can apply for. However, those mentioned here are among the best. It is important to note that eligibility criteria and scholarship benefits are subject to change. Therefore, it is crucial to check updates and details before applying for any.
The easiest way to know which scholarships for MBA students are suitable for you is to log on to the website of the institution/funding body you’re interested in and take a look at what’s being offered. Once you have narrowed down your choices, check if you are eligible. Fill out the necessary application, attach the required documents, and send everything in.
Despite different eligibility criteria for availing scholarships for MBA students, a few basics apply to all and they can pave the way for success. Having a solid academic record is one as is acing entrance exams and tests. Possessing strong leadership qualities and being an all-rounder in academics and co-curricular activities can also increase the odds in your favour.
Be Prepared to Write a Winning Scholarship Essay
Scholarships for MBA students may or may not require candidates to write scholarship essays detailing why they’re fit to be considered. If you do need to write one, try to present yourself in the best way possible and do so in an engaging manner. You want to stand out from the rest of the applicants and push authorities of funding bodies to select you.
Highlighting leadership experience and accomplishments is a key as is the lessons you have learned during the journey to your success. When you are applying for scholarships for MBA students, it is also important to display knowledge of your chosen subject. Brush up on it so that you can present thoughts, ideas, and arguments well.
Applying for scholarships for MBA students is one of the best ways to get your education funded. Do not let financial hardships stop you from continuing your studies. Work hard, engage yourself in co-curricular activities, and strive to be the best you can.
Frequently Asked Questions
Sorem ipsum dolor sit amet consectur adipiscing elit sed eius mod nt labore dolore magna aliquaenim ad minim sorem ipsum dolor sit amet consectur adipiscing elit sed eius modam.
Sorem ipsum dolor sit amet consectur adipiscing elit sed eius mod nt labore dolore magna aliquaenim ad minim sorem ipsum dolor sit amet consectur adipiscing elit sed eius modam.
Speak to Counselor
Gallery
