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Guide to MBA Scholarships in USA for Indian Students

As we know, an MBA is the most opted study abroad program among international students, especially in countries such as the USA and the UK. Coming to the US, also defined as the land of opportunities, offers numerous specializations in MBA courses. However, the tuition fee and other expenses come up with a hefty price tag. Thus, many Indian aspirants look for scholarships for MBA abroad to begin their journey to their dream university in the States.

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Table of Contents

Types of MBA Scholarships in the USA

Students can receive multiple types of scholarships for an MBA to study in USA. These are:
1. Merit-Based Scholarships: These types of grants are distributed based on the student's academic performance, such as test scores, GPA, extracurricular activities participation, volunteering, and other professional achievements. To be awarded merit-based scholarships, universities may consider scholar's applications directly without requiring separate paperwork.

2. Need-Based Scholarships: These grants are meant for students facing a financial crisis. Thus, they are awarded based on the submission of the documents. Moreover, most institutions demand separate applications to demonstrate that they are actually facing financial constraints. Hence, based on these, you will be offered need-based scholarships.

3. Diversity Scholarships: Various B-Schools in the USA reward diversity by giving various scholarships and grants where international students will pay the same tuition cost as domestic students do. Hence, this way, they can attract more and more students to their university. For those wondering, how to get scholarship for MBA in the USA make sure to check your eligibility and arrange the documents in advance to apply before deadline.

4. External Scholarships: There are not just universities that can offer grants to international students to study in their country. Many private organizations, Government schemes, and sometimes even well-known employers award MBA scholarships for Indian students to study in top countries such as the USA or the UK.

Moreover, students have to apply separately for such grants within the deadline. Make sure to apply for these scholarships at the earliest to get maximum consideration.

Wish to Get Scholarship for an MBA to Study in the USA?

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Also, if you want to know how to get scholarship for MBA, you can connect with one of our experts and get free counselling session today! Further, let's explore the top MBA colleges in the USA offering diverse specializations for Indian students. Hence, read the following section!

Also Read: An Ultimate Guide on MBA in USA for International Student

MBA Scholarships in the USA for Indian Students

Do you know there are many partial and fully funded MBA scholarships for Indian students? These are distributed by some of the top business schools to study in USA. Hence, here's a list of MBA scholarships in the States offered by the B-schools:

  • Harvard University Scholarship
  • Kellogg Scholarship (Kellogg School of Management)
  • Sloan School of Management
  • Wharton School of Business Scholarships
  • Columbia Business School
  • Tuck School of Management Scholarships
  • Chicago Booth School of Business Scholarship
  • Tuck School of Management
  • UCLA Anderson Scholarships
  • NYU Stern School of Business Scholarship

Let us look at some of the MBA scholarships in USA in detail:

Also Read: Best Scholarships for Studying Abroad by Indian Government

1. Harvard Business School Scholarships

Harvard University offers multiple grants to deserving candidates across the world. These awards are for students who want to pursue an MBA from Harvard B-School.

HARVARD BUSINESS SCHOOL SCHOLARSHIPS
Horace W.Goldsmith Fellowship
  • The Horace W. Goldsmith Fellowship is only distributed to up to 10 students who are open to work for the non-profit sector.
  • Further, only first-year students are eligible to get a reward of $10,000.
  • Moreover, to be eligible for this grant, one must have functioned in any non-profit sector full-time.
HBS Fellowship Program
  • Such grants are provided to students who enrolled in an MBA program and get admitted to the college but require funds.
  • Moreover, according to Harvard B-school, around 50% of its management class gets the reward of $32,000 through this fellowship program every year.
Application Deadline
  • Round 1: September 04, 2024
  • Round 2: January 06, 2025

2. Kellogg School of Management

The Kellogg School of Management provides a merit-based scholarship for students who want to study for an MBA in the USA. This award is distributed to deserving students who demonstrate a good academic score during the admission process. Some scholarships include

KELLOGG SCHOOL OF MANAGEMENT
Donald P. Jacobs International Scholarship
  • Initiated by Donald Jacobs, who was dean of Kellogg School of Management.
  • This scholarship is awarded to all international students who wish to pursue a Master's of Marketing Management course or any 2-year program.
  • Hence, students who successfully enrol in these courses are automatically considered for this scholarship program.
Diversity Scholarships
  • This grant is an initiative to increase diversity among students at Kellogg School of Management.
  • Hence, to be eligible for this award, they must demonstrate their academic excellence and leadership qualities.
Application Deadline
  • Round 1: September 11, 2024
  • Round 2: January 8, 2025
  • Round 3: April 2, 2025

3. Sloan School of Management

This Business School offers merit-based scholarships for MBA courses. Some include-

SLOAN SCHOOL OF MANAGEMENT
Master's Fellowship
  • This grant is available for all students despite their academic backgrounds.
  • Meanwhile, the scholarship amount ranges from USD 5000 up to full tuition fee coverage.
  • This fellowship is designed to increase the diversity among students in class.
McKinsey Award
  • This award is open to all MBA students studying at MIT Sloan regardless of their academic and professional background.
  • Yet, it is awarded to up to 4 students for the first year of their course.
  • Lastly, applicants are shortlisted by the university admission committee based on the application submitted and interview.
Application Deadline
  • April 2025

4. Tuck School of Business

The Tuck School of Management is a part of the prestigious Dartmouth College. It offers various scholarships, sponsorships, and fellowships to all the deserving candidates admitted to the college. Meanwhile, the financial rewards range from USD 10,000 to full tuition fee coverage, depending on the student's academic achievements, leadership qualities, and versatility. Hence, to pursue an MBA program, you can check out the following grants:

DARTMOUTH COLLEGE TUCK SCHOOL OF MANAGEMENT SCHOLARSHIPS
Centre for Business & Society
  • There are 2 programs offered by the Centre for Business & Society to provide financial aid to all the deserving candidates.
  • It provides support to the Tuck graduates who intend to join any non-profit organization or public sector.
  • Lastly, candidates must demonstrate exceptional academic performance or professional achievements.
Merit Based and Need Based Scholarships
  • The rewards distributed via this scholarship range from $5000 to full coverage of tuition fees.
  • Students will be informed by the university’s admission committee regarding the status of their scholarship.
  • Moreover, students are selected for this scholarship program on the basis of their submitted biographical essay.
Application Deadline
  • Round 1: September 26, 2024
  • Round 2: January 06, 2025
  • Round 3: March 26, 2025

Let's check out what benefits one can get after receiving an MBA scholarships in USA!

Benefits of MBA Scholarships

Let’s explore how an MBA scholarship can open doors for aspiring business leaders like you. Hence, let’s check out what benefits you can get after receiving an MBA scholarship to study abroad:
1. Reduce Finance Burden: Pursuing an MBA is a great investment, especially when it comes to studying in the US. However, the tuition fees and other expenses come with a big price tag. Hence, USA Scholarships for Indian Students can ease this problem by covering up to full tuition fees, living expenses, and even study materials.
2. Access to Prestigious Institutions: With a scholarship reward, you can get into top B-schools to pursue your MBA course. With this, you can get access to world-class faculty, top facilities, and an extensive network of industry professionals.
3. Personal Development: Regardless of academic achievements, an MBA scholarship provides multiple opportunities and options to improve. Hence, personal development is one of them. You’ll get the chance to attend various workshops, meet industry people, and more.
4. Enhanced Career Prospects: Lastly, holding an MBA degree from a renowned Business School can get you enhanced career opportunities as well as higher earning potential. Hence, it will help you in your future professional journey.

Moreover, students can even check out various government scholarship for MBA students to study in any foreign country.
Further, pursuing an MBA from the US means fulfilling certain admission conditions before completing the application form. We’ve curated the next section, covering the same pointers. Check it out!

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Conclusion

In conclusion, pursuing an MBA course in the US can be a little expensive. However, getting scholarships for MBA abroad is not an easy task. It requires a lot of research, time, and effort to get a positive response. Moreover, many business schools in the US provide merit-based and need-based rewards to deserving candidates across the world. Hence, don’t miss out on the chance. Refer to their official websites to learn about the application procedure and deadline. Lastly, if you wish to seek more financial assistance based on MBA USA scholarship, check out Gradding.com services and book a call with our experts today!

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