The list of MBA scholarships for overseas students is provided below, organized by application deadlines. While some of these scholarships are only available to candidates with MBA degrees, others are more open-ended and do accept MBA as a qualifying course of study. Universities, colleges, and business institutions as well as scholarship foundations all provide these scholarship programs.
Despite the advantages of earning an MBA degree, such as developing advanced skills, the degree’s requirements might be challenging. An MBA program is known for its demanding curriculum and typically takes two years to finish, whether you choose to enrol in an on-campus or online school.
Additionally, the expense of an MBA might be high. Continue reading to find out how much an MBA will cost and which scholarships are available to help you pay for it.
What Is the Typical MBA Tuition?
For top-tier business schools, the cost of MBA tuition can range from $35,000 to over $100,000. However, this cost will unavoidably change based on the rankings of the MBA schools, whether the university is public or private, the number of scholarships and grants you are awarded, and other factors. Remember that just because a school advertises its tuition pricing doesn’t guarantee that’s what you’ll actually have to spend. Why? The cost of books, supplies, transportation, and lodging and board are not included in that amount.
Your MBA tuition may be reduced if you are able to secure scholarships, grants, or other forms of financial aid. By submitting as many grant and scholarship applications as you can, investigate these MBA funding options.
Grants for Graduate Students at Business Schools
Grants are similar to scholarships in that they do not require repayment like loans do. But grants are frequently awarded based on need, whereas scholarships are awarded based on merit or other criteria, such as membership in a particular group. The federal government, state governments, educational institutions, and private organizations all offer grants.
The majority of graduate student funding come from private foundations and business schools. The financial advisor at your institution is the ideal person to contact if you want to learn more about these private grants.
MBA Scholarships for Graduate Students
1. Scholarships offered by the Government Finance Officers Association (GFOA)
Both full-time and part-time students can apply for GFOA scholarshipsExternal link:open_in_new if they have an interest in public finance.
Award: $5,000 to $15,000
2. Graduate Scholarships from the Society for Human Resource Management (SHRM) Foundation
Graduate scholarships from the SHRM Foundation are available for students pursuing a master’s degree in human resources or a field closely related to human relations.
Prize money: $5,000
3. Scholarship Program of the Association of Insurance Compliance Professionals (AICP)
Scholarship Program for AICPThis scholarship is merit-based and open_in_new. A 3.0 GPA, involvement in extracurricular activities, and enrollment in a business- or insurance-related field are requirements for applicants.
Prize money: $1,500
4. Scholarship for Dan Reichard Jr.
For consideration for the Dan Reichard Jr. Scholarship, candidates must have a 3.0 GPA or higher and an interest in management or business administration in the public transportation sector. All applicants must also receive sponsorship from the American Public Transportation Association and finish an internship there.
Prize money: $2,500
5. HubShout Scholarship for Internet Marketing
The HubShout online Marketing ScholarshipExternal link:open_in_new is open to students who have at least a 3.0 GPA and have a love for online marketing.
Award Amount: $1,000
6. Staver Law Group National Scholarship
Staver Law Group National ScholarshipExternal link:open_in_new is an annual scholarship offered near the conclusion of each year. If you are enrolled in your degree program and have a GPA over 3.0, you qualified to apply.
Prize money: $5,000
7. Thomas R. Pickering Foreign Affairs Fellowship Program
The Thomas R. Pickering Foreign Affairs Fellowship ProgramExternal link:open_in_new is available to students enrolled in a two-year master’s degree program in a field related to the U.S. Department of State Foreign Service. You must begin working in the Foreign Services after graduation in order to be eligible for this highly selective scholarship program.
Award: Up to $37,000 each year
8. Forté Fellows Program, eighth
Program for Forte Fellowsis given to female MBA students. External link:open_in_new. To be considered for the fellowship program, you must submit an application to a participating school.
Award Amount: Varies. Talk to your admissions representative to learn if this program is available at your school.
9. Military MBA Scholarship
The Military MBA ScholarshipExternal link:open_in_new is available to anyone who is pursuing a master’s in business and has served in the military. However, the scholarship can only be awarded to students attending participating military MBA schoolsExternal link:open_in_new. Be sure to see if your school is on the list before you apply.
Award: Unknown Amount
10. MBA Scholarship at Columbia Business School
Students attending Columbia Business School may be eligible for the MBA ScholarshipExternal link:open_in_new. In addition, Columbia University provides many merit- or need-based scholarships, such as the Women’s Business Laidlow Scholarship.
Award Amount: $7,500 to $30,000 (average: $20 000)
11. Fellowship for Selected Professions
The Fellowship for Selected ProfessionsOpen in a new window or tab Women of color enrolled in accredited MBA programs in their second year are eligible for Focus Professions Group Fellowships.
Amount of Award: $5,000 to $18,000
12. Scholarships for Full-Time MBA at NYU
Make sure to submit an application for their scholarships if you intend to enroll in NYU’s full-time MBA program. Scholarships for the NYU MBAExternal link:open_in_new typically cover all or a portion of the cost of tuition.
Award: Up to the cost of tuition
13. AfterCollege Student Scholarship for Business
Scholarship for Postsecondary Business Studentsopen to college students enrolled in business degree programs who have a minimum GPA of 3.0.
Prize money: $500
14. Scholarship for Graduate Business Students of the National Founders
Scholarship for Graduate Business Students from the National Foundersis given to presently enrolled full-time MBA students with a GPA of 3.0 or higher.
Prize money: $500
15. Morgan Stanley MBA Fellowship Program, 15.
A competitive scholarship program for women and other minority students, such as black, Hispanic, Native American, and LGBTQ+ students, in their first year of business school is the Morgan Stanley MBA Fellowship ProgramExternal link:open_in_new.
Award: Unknown Amount
16. National Scholarship Program of the National Association of Black Accountants
Black (African, African-American, Caribbean, etc.) applicants for the NABA National Scholarship ProgramExternal link:open_in_new must also be active NABA student members, enrolled or accepted in a master’s-level business program, and have a minimum GPA of 3.5 in their major.
Award Amount: $1,000–$5,000
17. Orbis Investment Fellowship
The Orbis Investment FellowshipExternal link:open_in_new is for students entering their first year of business school. Applicants must be passionate about investment management.
Award Amount: $15,000
18. Prospanica Scholarship
To apply for a Prospanica ScholarshipExternal link:open_in_new, you must be of Hispanic or Latino heritage, maintain a minimum GPA of 3.0, have a Prospanica membership, and be enrolled or planning to enroll in an accredited business school.
Award: $2,000 to $5,000
19. Graduate Scholarship from the Educational Advancement Foundation
Education Advancement Foundation Graduate ScholarshipExternal link:open_in_new is for full-time graduate students with a minimum GPA of 3.0. Along with pursuing their goals on the basis of merit, applicants must engage in community service and show that they are willing to assist others.
Award: Unknown Amount
20. Bauer College of Business Full-Time MBA Scholarships
Bauer College of Business Full-Time MBA Scholarshipsare merit-based scholarships available to Bauer College students who have shown above-average academic achievement.
Award Amount: Up to $10,000Erasmus University MBA Scholarships for International Students
21. Rotterdam School of Management at Erasmus University is giving scholarships for international students to study for full-time MBA Programme.
African Students Can Apply for MBA Scholarships at the University of Birmingham
The African MBA award is a full fees award (£25,950), part financed by a private donor with a commitment to Africa and part by the University.
22. Scholarship for African Students to Study at Top Business Schools: TY Danjuma MBA
African post-graduate students who have been admitted into MBA programs at the top 10 prestigious business schools in the world are given financial assistance through the TY Danjuma MBA Scholarship.
23. MBA Scholarships at the Stockholm School of Economics for International Students
This MBA-scholarship is offered to one Swedish or international student and covers the complete cost of the Executive MBA program from Stockholm School of Economics. utbildning.se, Dagens Industri, and Stockholm School of Economics are all co-sponsors of the scholarship.