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Apr 2511:00 AM EDT
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Looking to secure a coveted spot at a top business school? Our team of seasoned MBA admissions consultants, including top B schools alumni and industry leaders, is here to help turn your dreams into reality. Let’s kick-start your journey to success!
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Join us for a live Ask Me Anything (AMA) session with Juno’s Co-Founder, where we’ll break down everything you need to know about financing your MBA in today’s rapidly changing landscape.
Apr 3010:00 AM EDT
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Applying to business school from a finance background? Personal MBA Coach is here to help with this quick tips video on how to set yourself apart during the MBA application process!
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Sia Admissions Founder Susan Berishaj will walk through why reach/target/safety produces the wrong list for many specific profiles, how admissions committees at different programs read the same background differently, and more...
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Starting at $975 and offering up to $545 of savings, our new Amplify Hourly Packages offer structure and support in certain high-value areas (story development, resume, essays, interviewing) to help get your applications across the finish line.
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Get the inside scoop on what makes Emory’s Goizueta Business School great, learn how you can present a strong MBA application, and connect with an Admissions Director to get your questions answered.
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Inquire for a free profile evaluation and guarantee statement for possible admits and scholarships!
MBA Scholarships
This is a community project to collect all of the latest available scholarships for MBA Applicants outside of the funding and aid offered by business schools. (more on that below). I am only planning to collect Scholarships over $10K. You are welcome to suggest lower amount scholarships if they are very easy to get.
An Average MBA Degree in the US easily costs $200K! There is quite a bit of of difference in cost too so you can consider attending the lower cost program (often based on the cost of living - see this chart of the most and least expensive Top 20 programs. Many business schools are pretty generous and provide Financial Aid in a variety of forms, usually there is still a substantial enough gap that keeps people from attending. Thankfully there are places such as Prodigy and MPOWER that allow no-cosigner loans but that comes with its own strings and qualification requirements. The goal of this page is to build a list of all available scholarships MBA applicants can apply for. Some of these may be limited to specific groups (most of them actually) and focus on improving diversity and accessibility of the MBA degree.
School-sponsored Scholarships:
This is the BIGGEST source of funding in terms of dollars available. Each of the Top 20 schools offers well over $1M and some over $10M in scholarships each year. If you are lucky enough to get a scholarship, your primary source of BSchool funding would likely be school-offered financial aid. There are several kinds:
External Scholarships
These are independent of the business school aid/scholarships; however, they may contingent on the school's aid in some form (e.g. if you get a full scholarship at the MBA program, you may not qualify for these).
1. Forte Scholarships - available for women up to $25,000
2. National Black MBA Association - scholarship amounts vary by school
3. Consortium Scholarship (US Citizens only; African Americans, Hispanic Americans and Native Americans)
4. List of more scholarships and some University-specific scholarships from business because. There are about 20 more scholarships outlined of various amounts.
5. Scholarships specifically for Indian MBA applicants
Bottom Line: In general I have seen a number of scholarships for Black and Hispanic applicants. I have not seen much for international students and unfortunately it seems the Stanford Reliance Dhirubhai Fellowship for Indian applicants is no more
Looking for more.... feel free to post the ones you find and I will add them to the list.
This is a community project to collect all of the latest available scholarships for MBA Applicants outside of the funding and aid offered by business schools. (more on that below). I am only planning to collect Scholarships over $10K. You are welcome to suggest lower amount scholarships if they are very easy to get.
An Average MBA Degree in the US easily costs $200K! There is quite a bit of of difference in cost too so you can consider attending the lower cost program (often based on the cost of living - see this chart of the most and least expensive Top 20 programs. Many business schools are pretty generous and provide Financial Aid in a variety of forms, usually there is still a substantial enough gap that keeps people from attending. Thankfully there are places such as Prodigy and MPOWER that allow no-cosigner loans but that comes with its own strings and qualification requirements. The goal of this page is to build a list of all available scholarships MBA applicants can apply for. Some of these may be limited to specific groups (most of them actually) and focus on improving diversity and accessibility of the MBA degree.
School-sponsored Scholarships:
This is the BIGGEST source of funding in terms of dollars available. Each of the Top 20 schools offers well over $1M and some over $10M in scholarships each year. If you are lucky enough to get a scholarship, your primary source of BSchool funding would likely be school-offered financial aid. There are several kinds:
- Need-Based Scholarships (Only HBS and Stanford offer this type of Aid). If you have a need, you will be able to get aid through the alum donations to attend the program. It likely won't cover all your costs but it will make it a lot more manageable.
- Merit-Based Scholarships (All other FT MBA programs offer this financial aid type). Think about it as a fund BSchools use to recruit the best and brightest that otherwise, may choose to attend another program. Usually these are offered to those with high academic performance (high GMAT scores and GPA) as well as those who would be a great contributor to the class as a leader, achiever, and would be an asset to the program. There is no formula to figure out where you will get a scholarship but usually if you are meaningfully exceed the average scores and resume at the program vs. your peers, there is a good chance you will be offered some aid. The lower-ranked a program is, the more chances you will be offered aid. Usually it is VERY hard to get a school-offered scholarship within a Top 10 and even Top 20. You really have to be an asset to the class and high GMAT score by itself won't cut it like it may in a Top 50 program. Merit Scholarships are usually awarded at the time of admissions though they come as a separate letter/confirmation. These are offered by each of the programs you apply to. These can range from $10K to full tuition scholarships. There are no scholarships to cover living expenses/cost of attendance, which means you may still have $50-100K in cost
- Fellowships (many; almost all MBA programs offer these). Usually these are alumni or donor or dean-sponsored fellowships. These are sort of independent of the scholarships and usually are in smaller amounts. They are used to sweeten the deal or attract a particular candidate. Sometimes some exceptional candidates are offered both a scholarship and a fellowship. Fellowships can be used towards tuition or living expenses, though it is rare to be offered enough aid to cover the living expenses
- Teacher Assistantships There are usually 10-30 positions available at the business schools that pay $20-50/hr to do some administrative/assistantship jobs. This can be as dumb as grading homework or as fancy as working on a project with the professor but it is up to the professor to figure out what to do with you. These are usually up to 10 hrs/week and not a significant source of funding but help dull the edge of the student lifestyle.
External Scholarships
These are independent of the business school aid/scholarships; however, they may contingent on the school's aid in some form (e.g. if you get a full scholarship at the MBA program, you may not qualify for these).
1. Forte Scholarships - available for women up to $25,000
2. National Black MBA Association - scholarship amounts vary by school
3. Consortium Scholarship (US Citizens only; African Americans, Hispanic Americans and Native Americans)
4. List of more scholarships and some University-specific scholarships from business because. There are about 20 more scholarships outlined of various amounts.
5. Scholarships specifically for Indian MBA applicants
Bottom Line: In general I have seen a number of scholarships for Black and Hispanic applicants. I have not seen much for international students and unfortunately it seems the Stanford Reliance Dhirubhai Fellowship for Indian applicants is no more
Looking for more.... feel free to post the ones you find and I will add them to the list.
24 Jun 2023, 16:11
Kudos
Bookmarks
Thanks for the effort bb!
Most of these scholarships are for full-time MBA applicants. There is hardly any meaningful scholarships for part-time MBA programs, especially from M7 to Top 20 programs. Is there any list of average scholarships amounts/ramges from the top 20 programs for part-time MBA?
Thanks!
Most of these scholarships are for full-time MBA applicants. There is hardly any meaningful scholarships for part-time MBA programs, especially from M7 to Top 20 programs. Is there any list of average scholarships amounts/ramges from the top 20 programs for part-time MBA?
Thanks!
18 Dec 2023, 04:55
Kudos
Bookmarks
Hi,
Global Study Awards
Central Sector Scheme of National Overseas Scholarship
K.C. Mahindra Scholarships for Postgraduate Studies Abroad
Hani Zeini Scholarship
These scholarships, ranging from cultural exploration incentives to financial support for marginalized communities and entrepreneurial spirits, provide invaluable opportunities for students pursuing higher education abroad. Each scholarship has its unique eligibility criteria, contributing to the diverse landscape of opportunities available to aspiring scholars. You can also go for an education loan to have an additional source of funding for your education. All you need to do is check your eligibility with GyanDhan.
Global Study Awards
- Description: The Global Study Awards, a collaboration between Study Portals, ISIC, and the British Council, is a prestigious merit-based scholarship encouraging students to pursue higher education abroad. It aims to foster cultural exploration and positive personal growth by supporting students in realizing their dream courses in foreign countries.
Amount: GBP 10,000 per student.
Central Sector Scheme of National Overseas Scholarship
- Description: Sponsored by the Ministry of Social Justice & Empowerment, Government of India, this scholarship is dedicated to supporting students from Schedule Castes and Schedule Tribes pursuing Master's Programs abroad. Limited to 100 students annually, it covers various academic disciplines, excluding the United Kingdom, for graduate, postgraduate, and doctorate courses.
Amount: USD 17,010.
K.C. Mahindra Scholarships for Postgraduate Studies Abroad
- Description: The K.C. Mahindra Scholarships, provided by the K.C. Mahindra Education Trust, offers interest-free loans to deserving students pursuing postgraduate studies abroad, including Master's Degrees like MBA. Applicable to all universities in more than 200 countries, this one-time scholarship amounts to INR 800,000.
Hani Zeini Scholarship
- Description: Established by entrepreneur Hani Zeini, this scholarship aims to support financially challenged students with a passion for entrepreneurial careers. Available for Bachelor's and Master's degrees, the Hani Zeini Scholarship awards a maximum of USD 1000 per student.
These scholarships, ranging from cultural exploration incentives to financial support for marginalized communities and entrepreneurial spirits, provide invaluable opportunities for students pursuing higher education abroad. Each scholarship has its unique eligibility criteria, contributing to the diverse landscape of opportunities available to aspiring scholars. You can also go for an education loan to have an additional source of funding for your education. All you need to do is check your eligibility with GyanDhan.
