UK

Here are some top colleges in the UK and Germany for International Finance and International Business: United Kingdom:1. University of Oxford: Offers a Master of Financial Economics program.2. University of Cambridge: Provides various MSc programs in Finance.3. London School of Economics and Political Science (LSE): Known for its MSc in Finance and related programs.4. University of Warwick: Offers MSc in International Business and Finance.5. Imperial College London: Provides MSc in Finance and related programs.Germany:1. ESMT Berlin: Offers MBA and MSc programs in International Business.2. Technical University of Munich (TUM): Provides MSc in International Business and related programs.3. University of Mannheim: Known for its MBA and MSc programs in International Business.4. Frankfurt School of Finance & Management: Offers various MBA and MSc programs in International Business and Finance.5. Humboldt University of Berlin: Provides MSc in International Business and related programs. These institutions are renowned for their strong academic programs, excellent faculty, and robust industry connections.

The decision of which is better out of the scholarship and fellowship depends on some personal requirements, academic & career goals and individual circumstances. Here is the brief comparison of a scholarship and fellowship based on these factors:Financial Support: Both scholarships and fellowships offere different types of financial support to the students aiming to get higher education. The scholarships cover (but not all) the cost of tuition, living expenses, travel airfare and sometimes even the cost of standardised English tests.  However, fellowships cover a broader range of studying abroad expenses typically after the graduation level. These may include a research grant and also a stipend. Purpose and Target Audience: Scholarships are often provided to students who want to ease their financial burdens of studying a higher degree such as an undergraduate or postgraduate degree. However, the fellowship is aimed at promoting research and graduate level studies for professional development. Hence, graduate level students or students pursuing advanced degrees in the field of research benefit more from a fellowship than scholarship. Application Process: The process of applying for scholarships to study abroad is pretty simple than that of a fellowship. To apply for a cholarship, one must either fill out a scholarship application form (if applying a scholarship provided by government or external organisation), attach some academic transcripts and/or appear for an interview; or indicate their interest for scholarship within their university application itself. On the other hand, to apply for a fellowship, one may need to attach detailed research proposal, LOR or even go through some interviews. 

Scholarship is a type of award that is either awarded on a merit basis or a need basis. Students who are good at studies and need financial aid to support their studies are generally considered for scholarships. Scholarships often include a fixed amount of funds/stipend that is provided either once or in different instalments directly/indirectly to the educational institutions. This amount of scholarship can only be used towards university/school expenses requested for. Only a few scholarships also include expenses to cover the living expenses of students putting up in a foreign country. Stipend on the other hand is a fixed income that is paid regularly to students working on projects or internships.

Fellowships offer several benefits to their recipients. Below are the key purposes of fellowships:Financial Support: Fellowships provide funding to cover educational expenses (tuition, fees) or research costs, allowing scholars to focus on their studies or research without financial constraints.Professional Development: Fellowships often include workshops, conferences, or networking opportunities, promoting professional growth and career advancement.Research and Innovation: Fellowships can support groundbreaking research by providing resources and mentorship to pursue innovative ideas.Recognition: Receiving a fellowship is a prestigious honour, acknowledging academic excellence and research potential.