Scholarships for Study MBA Abroad for International Students

Scholarships for MBA – Getting admission to an MBA course is a matter of joy for all international B-school aspirants. A lot of times students are unable to pursue their dream of pursuing MBA from top universities due to the high costs of education. The most reasonable way to tackle this situation would be to successfully bag an MBA scholarship to fund your course. Most international students worry about paying back their education loan they took on when they decided to study abroad. Students need to remember that if they are meritorious enough they are not required to apply for a loan. Candidates can apply to the various scholarship programmes available at universities of their choice.

Also, read:

• What are the chances of receiving a Scholarship?
• When to start thinking about Finances to Study Abroad
• How to Apply for a Scholarship
• How and When to Apply for International Scholarships
• What is a good GMAT Score?

Types of Scholarships

A scholarship to a foreign college is a monetary award given to academically gifted students. This amount could be used towards the tuition expenses, additional expenses of the program such as air travel, course books, and accommodation. There are some scholarships where the students need to apply, and some scholarships don’t need an additional application. Some scholarships tend to be competitive, while others could be underutilized.

• Merit-based scholarships - These scholarships are based on the student's academic, athletic, artistic, or other abilities. These qualities feature as the applicant's extracurricular activities. Note that these qualifications and requirements will vary for every scholarship. 

• Country of origin-specific - These are the scholarships that are awarded to international students planning to attend a study abroad program in that particular country. These are awarded as a motivation to study in that country. You will have to check with government-sponsored education websites or student bodies to study to see what scholarships are available. 

• A student from special backgrounds - These are scholarships for applicants who qualify on the basis of factors like race, gender, religion, and medical history. There could be other student-specific factors. The reason these scholarships exist is to promote equality among different sections of society. The most common awards in this category are the minority scholarships. 

• Subject-based scholarships – Subject-based scholarships are awarded by colleges or government institutions to students according to the particular major or field of study they want to pursue. These scholarships require the applicant to be enrolled in the subject-specific courses while abroad. Please note that qualifications and eligibility will vary from scholarship to scholarship. 

• Program-specific awards – Program-specific scholarships are presented by universities and colleges. These scholarships are awarded according to the academic and personal achievements of the applicant. Again, qualifications will vary based on scholarships.

Major MBA Scholarship Programmes

There are hundreds of MBA scholarship programmes listed on our website for the benefit of our students wanting to pursue MBA abroad. Some of the most sought after scholarship programmes for the MBA include

Global Study Awards

This prestigious scholarship is awarded in association with Study Portals, ISIC and British Council. Global Study Award was started with the aim to motivate students to study abroad for their higher education and explore foreign countries and learn their culture. It is merit-based scholarship and it helps students to pursue their dream course in their country and bring about a positive change in them. The maximum scholarship per student is GBP 10,000. 

Central Sector Scheme of National Overseas Scholarship

This celebrated scholarship is awarded by the Ministry of Social Justice & Empowerment, Government of India. This scholarship has been designed to provide financial assistance to selected candidates for pursuing their Master's Programme abroad from accredited Institutions/University. Applicable to all candidates who want to pursue an MBA, a total of 100 students are awarded this scholarship for one academic year.  This scholarship is to help students from Schedule caste and Schedule Tribe belonging to the low-income to go abroad and pursue higher education. This scholarship is available for graduate, postgraduate, and doctorate courses. This scholarship is applicable to all universities in more than 200 countries except the United Kingdom. The amount of the scholarship is USD 17,010.

K.C. Mahindra Scholarships for Postgraduate Studies Abroad

This scholarship is awarded by K.C. Mahindra Education Trust. This scholarship is an interest-free loan given to deserving students to pursue higher education abroad. This scholarship is applicable for Masters Degrees like MBA and for all the universities in more than 200 countries worldwide. The maximum amount awarded to any student is INR 800,000. It is a one-time scholarship scheme, it is not renewable.

Hani Zeini Scholarship

Hani Zeini is an entrepreneur and known for his innovations and a strong drive to support the ambitious students of America. The Hani Zeini scholarship offers grants to students in financial need with a desire to purse career in entrepreneurial nature. This scholarship is available to only bachelors and masters degree. This scholarship award a maximum of USD 1000 per student.

Also Read: How to Win a Chevening Scholarship – Complete Guide

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