Top MBA Scholarships in USA for Indian Students 2025

Indian students planning to study MBA in USA find it difficult to fund their education. For this, there are some of the top MBA scholarships in USA for Indian students that have been suggested in this article for reference. While some scholarships are merit-based the others may be need-based. Get complete details in this article and choose B-school in USA accordingly.

Pursuing an MBA abroad will definitely give your career a boost and if you do it from the top-most study destination then it will be even more meaningful. However, not everyone gets this chance and a majority of the aspirants miss this opportunity because of a shortage of funds. In this article, we will inform you about what all MBA USA scholarships are available for international students. Some scholarships are funded by the colleges for pursuing MBA.

There are two types of scholarships for international student planning to study in USA and they are:

• Merit-based scholarships
• Need-based scholarships

Every university has a set of scholarships that is divided between these two categories. Thus, whichever fits the Indian applicant's needs, they can apply for it and request the same through their admission or FAFSA application. 

Top 10 US B-Schools Offering MBA Scholarships to Indian Students

Since MBA in USA is expensive, it is always essential to seek some financial assistance if available. Here is a list of top B-schools in USA offering MBA-based scholarships to Indian students:

1. Wharton Business School
2. Dartmouth College
3. Columbia Business School
4. MIT - Sloan School of Management
5. Harvard Business School
6. Northwestern University - Kellogg School of Management
7. Stanford School of Business
8. Haas School of Management - UCB
9. Chicago Booth School of Business (University of Chicago)
10. NYU Stern School of Business

These are the top 10 B-schools in USA which offer Indian applicants different types of scholarships to fund MBA studies. Get details about each of these B-schools in USA and their corresponding scholarship programs for Indian applicants in the section below. 

MBA in USA with Scholarships for Indian Applicants

There is no doubt that Indian applicants can study MBA in USA with a scholarship. From Ivy League universities to other top-ranking MBA schools in USA, majority of them have something to offer to Indian applicants. Here is a list of top B-schools in USA where Indian applicants can get an MBA-based scholarship. Check out the details below: 

1. Wharton School of Business

Wharton School of Business offers various scholarships for aspirants in need of funds.

• Fulbright Program for Non-US Students: Fulbright Foreign Student Program helps students, professionals, and artists, who are not US citizens, to study and conduct research. This program is in more than 160 countries and approximately 4000 foreign students are recipients of this scholarship every year.

Application: Students are supposed to apply through the bi-national Fulbright Commission or US Embassies in their home country.

• The Margaret McNamara Memorial Fund: This grant is meant to support the education of women who are from developing countries and want to contribute to the lives of women and children in their home countries.

• Emerging Economy Fellowships: This scholarship has been specially designed for the aspirants of emerging economies. Aspirants willing to pursue a full-time MBA at the Wharton School of Business can apply for it. It covers both the years of the course.

Eligibility: First-year students can apply for this scholarship. Eligibility criteria:

• • Academic achievement
  • Unique personal qualities
  • Exceptional professional development
  • Compelling leadership

Application: Aspirants need not apply formally for this scholarship, those who got admitted to Wharton are automatically considered for this fellowship.

• Social Impact Fellowships: Social Impact Fellowship offers undergraduate and graduate students the opportunity to enhance their operation, leadership, and strategic skills and make a positive impact on their work.

Eligibility: Aspirants need to showcase their leadership in the public and non-profit sectors.

Application: Students applying for the program are automatically considered for this scholarship, there is no formal application procedure for applying to this fellowship.

• Joseph Wharton Fellowships: This fellowship program is named after the founder of Wharton and is awarded to students with excellent academic and professional records.

Eligibility: All students who got admission to Wharton are eligible for this fellowship program.

Application: There is no formal application procedure for this scholarship. Students getting admission become eligible for this program.

Also Read:

• 10 Scholarships that will help you study abroad for free
• What are the chances of receiving a Scholarship?
• Difference between Scholarship and Fellowship

2. Tuck School of Business (Dartmouth College)

The Tuck School of Business offers a wide range of scholarships to individuals who require funds for pursuing higher studies. The scholarships are financed with the cooperation of alumni, corporations, and nonprofit foundations. Tuck scholarships range from $10,000 to a full tuition fee. The scholarships get renewed automatically in the second year on the basis of academic performance.

• Consortium for Graduate Study in Management Fellowship: Tuck School of Business is a member of the Consortium for Graduate Study in Management Fellowship. The students who get selected via the Consortium receive a merit-based scholarship which covers the entire tuition fee.

• Forté: Forté is a consortium of businesses, non-profit groups, and educational institutions that provides scholarships to exceptional women candidates.

• Center For Business & Society: Two programs developed by the Center For Business & Society award financial help to deserving students. The ‘TUCK GIVES’ program offers financial help to students who are planning to enter the public sector or nonprofit summer internships.

The Tuck Nonprofit Fellowship program offers financial support and guidance to TUCK graduates who join a public sector or nonprofit organization. Recipients of this scholarship can use the fellowship to repay the loans.

Eligibility: Academic record, leadership, or professional achievements.

Application: Aspirants should apply for the Tuck School of Business Scholarships before the deadline.

3. Columbia Business School

Columbia Business School offers both need and merit-based scholarships to international students. Depending on the academic performance and financial needs of the candidates, it offers full-time and partial fellowships to students with excellent academic records.

• Columbia Business School Board Fellowships: Students who have an exceptional academic record and offer a bright professional career are awarded this scholarship. The scholarship amount gets renewed in the second year.

• Columbia Business School Board China & India Fellowships: Columbia Business School Board China & India Fellowship is meant for students from China and India. Students must possess an exceptional academic record and must offer bright future prospects.

• Meyer Feldberg Distinguished Fellowship Program:

This fellowship is awarded to selected students who showcase leadership and excellent academic skills. With this fellowship, students are given full tuition and membership in the group of Feldberg fellows.

Eligibility:

• • Outstanding academic and professional record.
  • Fellows must have a distinguished record in finance, entrepreneurship, and social enterprise.

4. MIT - Sloan School of Management

MIT Sloan offers merit-based scholarships to pursue an MBA to first-year and second-year students.

• Legatum Fellowship: The Legatum Center for Development and Entrepreneurship provides scholarships for entrepreneurial graduate students who plan on starting a business in a low-income country.

Application: The application process for this scholarship is different from the admission application.

• McKinsey Award: Although this fellowship is open to all new students, irrespective of their professional background. However, The McKinsey Award scholarship is awarded to 4 first-year students.

Eligibility: Academic excellence, professional leadership, and community service.

Application: The recipients are selected by the committee based on their admission application and interviews.

• MIT Sloan Social Impact Fellowships: MIT Sloan Social Impact Fellowship provides funding to MBA students who work on social challenges and issues during their summer internship period.

• Master's Fellowships: The main aim of this scholarship is to increase the diversity of the class, so, it is open to all the students irrespective of their backgrounds. The scholarship amount ranges from $5000 to full tuition.

Eligibility: All students are considered for these fellowships.

5. Harvard Business School

Harvard Business School offers several fellowship plans to deserving candidates. The financial need-based scholarships are determined based on gross income of the past 3 years, assets owned, and socio-economic background.

• Rock Center Loan Reduction for Entrepreneurs: Rock Center for Entrepreneurship provides a one-time loan reduction amount of $5000 - $20,000 for MBA students who wish to pursue their ventures.

• The Robert S. Kaplan Life Sciences Fellowship: This fellowship is given to 10 students who can showcase extraordinary performance in life sciences. The scholarship is $20,000 and is awarded at the time of admission. This fellowship is preferably given to students who wish to join science-related businesses or organizations.

• Horace W. Goldsmith Fellowship: This fellowship is awarded to up to 10 students who wish to work in the nonprofit sector. Under this program, first-year students are awarded $10,000.

Eligibility: Students must have worked full-time in the non-profit sector before applying to the Harvard Business School.

• HBS Fellowship Programs: HBS offers need-based fellowships to students who have been admitted and need funds. At Harvard, almost 50% of its class receives an average of around $32,000 per year through need-based HBS Fellowships.

• The HBS Forward Fellowship: The fellowship provides support to students from lower-income backgrounds. Financial support of $30,000 is provided.

Application: The HBS Financial Aid application and complementary fellowship application must be submitted along with the family information.

Check out some more Harvard University Scholarships for Indian Students which can help applicants assess their options. 

6. Kellogg School of Management (Northwestern University)

Kellogg School of Management provides merit-based MBA USA scholarships that are awarded at the time of admission.

• Austin Scholars: Austin Scholarship is awarded to students pursuing 2-years and MMM programs.

Eligibility: Exceptional leadership in academic and professional spheres.

Application: Students are considered for this scholarship based on their admission application.

• Diversity Scholarships: These scholarships are awarded to increase the diversity of Kellogg's students. These are awarded to meritorious students who showed leadership skills, academic excellence, and career advancement.

• Donald P. Jacobs International Scholarships: These scholarships are awarded to students who wish to pursue MMM and two-year programs.

Eligibility: Students who secure admission are considered for all the merit-based scholarships awarded by the school.

Application: Merit-based scholarships are awarded through the admissions process.

• Kellogg Scholarship: This scholarship is provided to students who are enrolled in full-time programs and demonstrate good academic and leadership abilities.

• David F. and Margaret T. Grohne Family Foundation Scholarship: This scholarship is provided to two exceptional students pursuing 2-year and MMM programs.

• Drake Scholars: This scholarship is awarded to those students who have a passion for promoting women's initiatives.

7. Stanford School of Business

Stanford University is a renowned B-school in USA and records a low MBA acceptance rate each year. Applicants applying to MBA at Stanford Business School can be eligible for the following scholarships:

• Stanford Reliance Dhirubhai Fellowship: The Indian students who have a genuine financial need along with a strong desire to return to India after completing their MBA can be eligible for this fellowship. This fellowship costs between $30,000 - $50,000 and partially covers the MBA tuition fees.

• Stanford Knight-Hennessy Scholars Program: Only 100 applicants are chosen and applications have to be filed for MBA at Stanford plus at Knight-Hennessy Scholars.

8. Haas School of Business - UCB

Haas Business School is at the University of California at Berkeley (UCB) and also offers scholarships to Indian applicants pursuing an MBA at Haas. Check them out below:

• Berkeley Haas Scholarships: Offered to admitted applicants for MBA who show academic preparedness, value gender equality, have contributed to the industry essentially, have strong leadership skills and support LGBTQ along with some personal achievements.

9. Chicago Booth School of Business (University of Chicago)

At the University of Chicago the B-School called Chicago Booth School of Business also offers MBA-based scholarships. MBA at University of Chicago is a prestigious one and here is the scholarship offered:

• University of Chicago Booth School of Business Scholarships: Around $30,000 - $60,000 is offered as a partial tuition fee waiver for MBA applicants who possess and potray strong leadership skills and academic excellence. 

10. NYU Stern School of Business

For those applying for MBA at NYU Stern, can also expect some good scholarship options. New York University is a leading university in USA and its MBA is very popular. Check out the MBA scholarship details at NYU Stern:

• Dean's Scholarship: Limited availability
• William R. Berkley Scholarship: Admitted MBA applicants are automatically selected for this scholarship and upon selection receive a $10,000 Early Advancement Award to be applied to their Full-time MBA tuition upon enrolling at NYU Stern

Apart from these, other different external agencies offer MBA scholarships to international students. The options are not limited to merit and need-based scholarship options, there are types of funding as well which can be considered. Applicants should research well and then apply for their desired MBA scholarship to study in USA. 

Related Articles

• Difference between Scholarship and Freeship
• Types of scholarships available for Study Abroad aspirants

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