MBA Scholarships in USA

MBA scholarships in the United States offer a great opportunity for students to earn a degree at a reputable institution and gain valuable experience in the business world. With the cost of tuition continuing to rise, scholarships provide an excellent way to help finance an MBA degree. The competition for MBA scholarships is fierce and there are many different sources for funding. These scholarships can be found at the school level, from corporate donors, from government agencies, and from private foundations. It is important to research all of the available options and apply for the ones that best fit your goals and profile.

Are you planning to study MBA in USA and are stressed about the whopping tuition fees at the top business schools? Every year, innumerable students aspire to study the prestigious MBA to business schools around the world! A large part of this candidacy fails to make it into a good business school, not because of lack of skill or calibre but due to the high cost of pursuing an MBA degree across the world. The top American business schools charge exorbitant amounts in tuitions fees yet MBA in USA is the dream destination of millions of aspirants. If you want to study MBA in USA and are worried about the cost then keep reading because we are going to cover all the essential MBA scholarships in USA that you must apply to!

Must Read: Cost of MBA in USA

Why should you apply for an MBA scholarship?

Before jumping into the list of MBA scholarships in USA, let’s look at some reasons as to why you should apply for scholarships to study in USA and the benefits attached to winning a scholarship!

  • The most obvious reason is the money factor! Scholarships are meant to ease the financial burden and stress that seeking higher education can build in international students at the time of application. 
  • Another amazing reason to apply for scholarships is the opportunity to avoid future debt by incurring student loans! The term student loan can be stressful for any aspirant and by applying to scholarships, you can easily fund your education stress-free.
  • Scholarships are not just financially sound but also a great way to showcase your accomplishments and add value to your resume. Winning a merit scholarship is a rare honour and a great achievement. Employers are always on the hunt for unique resumes and winning a scholarship is a gateway to success.
  • Another major benefit of winning a scholarship is the opportunity to build a network of like-minded professionals and academicians. Most scholarship winners get an opportunity to meet and interact with previous and other winners which is a tremendous way to get contacts and advance your career.

Check out: List of M7 Business Schools

List of MBA Scholarships in USA

The top business schools in USA offer scholarships and financial aid to all students interested in masters in business administration; these programs allow talented and qualified individuals to study at the best universities at affordable prices. Here is a list of MBA scholarships in USA offered by the top business schools in the country:

  • Harvard Business School Scholarships
  • Kellogg Scholarship (Kellogg School of Management)
  • Wharton School of Business
  • Sloan School of Management
  • UC Berkeley Haas School of Business
  • Columbia Business School
  • Tuck School of Management 
  • UCLA Anderson Scholarships 
  • Chicago Booth School of Business Scholarships
  • Stanford Graduate School of Business Scholarships
  • NYU Stern School of Business Scholarship
  • Yale School of Management
  • McCombs MBA Scholarships
  • Tepper School of Business Scholarships (Carnegie Mellon)
  • University of Michigan’s Ross School of Business
  • Consortium for Graduate Study in Management 
  • Forté MBA Fellowships for Women
  • Reaching Out LGBTQ MBA Fellowship
  • Golden Key Graduate Scholar Award
  • ESADE Women of the World Scholarship
  • Orbis Investment Management MBA Fellowship

Let us look at some of the popular scholarship programs in detail:

Harvard Business School Scholarships

Harvard Business School is a college of Harvard University and is the top-ranked MBA college in USA. The University offers need-based scholarships to all the deserving international students through tuition assistance. Each financial aid program is personalised, keeping in mind, the diverse and unique financial requirements of individual candidates. The admission process at Harvard Business School is need-blind and admits students based on merit. Harvard Business School scholarships are funded by its alumni and the estimated scholarship offered is around $42000 per year. 

Know all about MBA at Harvard University!

Kellogg School of Management Scholarships

Kellogg School of Management associated with Northwestern University offers a variety of merit and need-based scholarships to admitted students. International students are eligible for the Kellogg Scholarship; it awarded to students who have been admitted to full-time MBA programs based on their merit and other achievements. The school offers other scholarships like Diversity Scholarship, Donald P. Jacobs International Scholarships, Kellogg Finance Network Scholarship etc. All admitted students are automatically considered for all merit scholarships. 

Wharton School of Business Scholarships

Wharton School of the University of Pennsylvania has a great system of financial assistance. The university considers every candidate for the Wharton Fellowship Program. The fellowship program is merit-based and considers candidates on the basis of academic achievement, community service, extracurricular, personality traits and leadership qualities. The business school also offers a variety of aid such as the Joseph Wharton Fellowship, Emerging Economy Fellowship, Social Impact Scholarship and Wharton Fellowships for Current Students. 

Also Read: How to Get into Wharton?

MIT Sloan School of Management Scholarships

Sloan School of Management is one of the best business schools under MIT in USA. The college provides financial assistance in the form of merit-based fellowships to all their applicants automatically without any extra applications. Students during the application process can apply for the McKinsey Award. The award is worth $10000 given by McKinsey and Company to students who are exceptionally talented, exhibits leadership qualities, personality traits and work experience.

UC Berkeley Haas School of Business Scholarships

The Haas School of Business offers need-based and merit-based to registered candidates. Students who are eligible for MBA programmes are automatically considered for the courses, Need-based scholarships by UC Berkeley Haas School of Business includes grants, Center for Equity, Gender and Leadership and Centre for Responsible Business fellowship. While the list of merit-based scholarships are endless and includes awards like Dr Tahir Fellowship and C & J White Fellowship for MBA finance students.

Columbia Business School

The Colombia Universitys Business School offers scholarships and fellowships based on the need or merit of the admitted candidates. These scholarships provide partial or full tuition coverage and selected candidates are given award amounts from the range of $7,500–$30,000. Many students can receive merit-based fellowships if they complete their application forms before the merit fellowship deadline. Indian students can get fellowships like Columbia Fellow and Meyer Feldberg Distinguished Fellowship Program for highly gifted candidates.

Chicago Booth School of Business Scholarships

The University of Chicago’s Booth School of Business provides merit-based scholarships to promising candidates. All applicants are considered for the meritorious scholarships and students don’t need to fill out a different application form. The school also has the Global Innovator Fellowship for ambitious and promising students. They have regional awards like the A.H Tabaccowala Fellowship and Ramakrishnan Family Fellowship meant for residents of India only. 

Stanford Graduate School of Business 

Stanford Graduate School of Business offers a wide range of scholarships and fellowships to promising candidates to help them finance their dream. Every year, the school gives awards worth $40,000 to $80,000 in total. International students can apply for the Stanford GSB Need-Based Fellowship and the Stanford Reliance Dhirubhai Fellowship for Indian applicants which cover the full cost of tuition and 80% cost of attendance for every student.   

Dartmouth College Tuck School of Management Scholarships

The Tuck School Management is a part of the prestigious Dartmouth College, it offers scholarships, fellowships and sponsorships to promising admitted candidates. The financial awards are given by the school range from $10,000 to full tuition depending upon the academic achievements, leadership potential and versatility of the student. 

UCLA Anderson School of Management Scholarships

All admitted students are eligible for merit and donor scholarships offered by the UCLA Anderson School of Management. All students are automatically considered for these scholarships regardless of nationality. The UCLA Anderson FEMBA Dean’s Fellowship is meant for new enrollments in need of financial aid, applicants get up to $30,000 in aid.  

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