Being an international student, studying for an MBA in the USA is undoubtedly one of the best opportunities one can experience. However, the substantial cost of studying is one of the primary reasons that often discourages students. It is where winning a perfect scholarship for MBA in USA comes into the picture, and helps student live their dream. Whether you excel academically, need financial assistance or belong to an underrepresented group, there is a scholarship in USA designed to support you. In this blog, let's uncover the top scholarships available to study an MBA in the USA, with their eligibility and benefits.
Table of Contents
1. F.C. Austin Scholarship – Kellogg School of Management
2. The Forté Foundation Fellowship
3. Dean's Impact Scholarship – Imperial Business School
4. Advisory Board Scholarship – Imperial Business School
5. HBS Need-Based Aid
6. Stanford Reliance Dhirubhai Fellowships
7. BOLD Fellows Fund - Stanford Graduate School of Business
8. Joseph Wharton Fellowship - The Wharton School
9. Meyer Feldberg Distinguished Fellowship Program
10. Aspire Fellowship - Yale SOM
Before diving into the various top scholarships for MBA, it is important to understand the major types of scholarships offered by the government, universities and even private foundations. Here are common types of scholarship for students in USA.
Also Read - Scholarships for MS in US
After understanding the major types, it’s time to get familiar with the top scholarships available for students to study an MBA in USA. Here is a detailed understanding of MBA-specific scholarships in USA with their eligibility criteria and the benefits each offers.
The F.C. Austin Scholarship is one of the highly selective scholarships for MBA students in USA, given based on outstanding leadership potential and contributions to society. This scholarship invites aspiring leaders from unique backgrounds, making learning inclusive and crafting global leaders.
| Eligibility | Benefits |
|---|---|
|
|
Offered by multiple top business schools, the Forté Foundation Fellowship is a scholarship in USA for an MBA. The program asks students to demonstrate strong leadership skills in their field, along with academic achievement and a commitment to supporting women in achieving their career potential.
| Eligibility | Benefits |
|---|---|
|
|
Offered by Imperial Business School, the Dean's Impact scholarship is planned for students who are actively working to shape the future of business and society through creative work on a global level. This scholarship for MBA in USA not only requires academic excellence, but also real-world impact in any of the few eligible areas.
| Eligibility | Benefits |
|---|---|
|
|
This is another prestigious scholarship in USA offered by Imperial Business School, supporting academically strong candidates pursuing a full-time MBA programme. The advisory board scholarship provides students with financial assistance, resources and opportunities required to excel as a leader in their chosen field.
| Eligibility | Benefits |
|---|---|
|
|
Offered by Harvard Business School, the need-based aid allows students to study MBA in USA with scholarship. The financial aid aims to support academically strong students who can showcase their financial need. Since the amount for scholarship is not fixed, the average amount granted is approximately $100,000 over two years.
| Eligibility | Benefits |
|---|---|
|
|
Specifically planned for Indian students, Stanford Reliance Dhirubhai Fellowships are considered the most competitive scholarship for MBA in USA. The program has been supporting students for more than 15 years and extends support by covering full tuition and living expenses for the full-time MBA program.
| Eligibility | Benefits |
|---|---|
| USD 83,000 per year
|
BOLD Fellows Fund is yet another reputable need-based MBA Scholarship in the USA. Students have to demonstrate their financial need while showcasing their commitment to expand opportunities for society.
| Eligibility | Benefits |
|---|---|
|
|
For academically strong students planning to study in USA with scholarship, the Joseph Wharton Fellowship is the best option available. The candidate must showcase academic brilliance and leadership qualities. The scholarship helps ease the financial burden of a world-class education.
| Eligibility | Benefits |
|---|---|
|
|
Offered by Columbia Business School, this is a fully funded scholarship in USA awarded to students who demonstrate academic brilliance and leadership potential. The Meyer Feldberg fellowship program is competitive, as typically up to 5 students are awarded the grant.
| Eligibility | Benefits |
|---|---|
|
|
Aspire Fellowship is a scholarship for MBA in USA, helping students who have dealt with socioeconomic challenges. Through this scholarship, Yale University aims to provide educational opportunities for students representing various backgrounds.
| Eligibility | Benefits |
|---|---|
|
|
Note - To explore for your preferred scholarship, you can use our scholarship finder tool, which is an AI-based algorithm using various filters to simplify your search.
Now that you are familiar with the top scholarships, it’s time for you to learn about the application process that one must follow to apply for an MBA scholarship in USA. Here are the steps to understanding the application process.
Step 1. Research Available Scholarships: Start early and explore a range of scholarships to apply to that will eventually increase the chances of winning a scholarship.
Step 2. Check Eligibility Criteria: With every scholarship having its own requirements, make sure to meet all the conditions before you proceed to apply.
Step 3. Note the Deadlines and Application Windows: While applying for a scholarship in USA, make sure to consider the application time and deadline. The majority of these scholarships have deadlines months before the intake, so it is better to apply as early as possible.
Step 4. Prepare Required Documents: A set of documents is required to be prepared for your application process. These documents include:
Step 5. Submit the Application: Once you are done meeting the eligibility requirements and gathering documents, submit your application using the official portal. Double-check your entire application thoroughly because an error is simply losing an opportunity.
Step 6. Wait for Results: After applying, wait for the processing time, during which your application gets reviewed. Regularly check the email and the application portal for any updates.
Also Read - Scholarships for Indian Students in US
Summing up, this ends our journey of exploring a few of the top scholarships available to study in USA. Winning a perfect scholarship for MBA in USA is not only about the financial assistance, but it also offers other various support, including access to networking opportunities, dedicated mentorship and many more. Simply stated, securing a fully funded scholarship in USA is the best thing a student can experience. The journey of winning a scholarship is competitive, but with the right approach and guidance, you can get the financial assistance you need. Connect with our study abroad consultants today, and let’s turn your dream into a reality.
Students planning to get a scholarship for an MBA in the USA must focus on key areas. These include:
Many universities in the UA offer scholarships for their MBA program. These include:
A GPA of 3.5 or higher is generally required for MBA scholarships, though the exact requirement varies by university and scholarship type.
Yes, students can get a 100% scholarship; however, the students must showcase an exceptionally strong academic profile with a demonstrated financial need.
Each scholarship has its own eligibility criteria; however, the basic requirements include:
We are available in :
BangaloreAhmedabadJaipurHyderabadKeralaPuneChandigarhMumbaiGurgaonChennaiKolkataTrivandrumNoidaKochiCalicutKottayamKollamThrissurIndoreUdaipurdisclaimer:logos and other registered trademarks of universities used on this platform are held by their respective owners. Gradding does not claim ownership or association on them, and their use is purely for informational and illustrative purposes.
