MBA Scholarships in USA, Canada, UK and India

MBA can be a distant dream for many students because of the sky-high course cost. To get into the top B-schools students have to pay a hefty amount. That’s where scholarships come into play. Aspirants can apply for various MBA scholarships to turn their dreams into reality. This blog will give all the information about the various MBA Scholarships in USA, Canada, UK and India. 

MBA Scholarships in the USA

The United States of America is one of the most popular destinations for MBA aspirants. It is also the home of prestigious business schools like Stanford Graduate School of Business, Harvard Business school, Wharton school and many more. MBA scholarships in the USA are basically of two types:

• Need-based scholarships: Scholarships awarded to students who need financial aid.
• Merit-based scholarships:  Scholarships awarded to meritorious students or to those who perform great on their scholarship tests.

Here is the list of scholarships provided by top charter B-schools.

Scholarship/ Fellowship	Eligibility	Amount
John C. Phelan Forward Fellowship	Students from lower-income backgrounds who have carried significant financial burdens	INR 24,61,545
Joseph Wharton Fellowship	Students with outstanding academic records, personal and professional achievements	INR 69,74,000 (Max)
McKinsey Award	All incoming students	INR 8,20,475
Columbia Business School Board China and India Fellowships	Exceptional academic and professional commitment from India and China	Variable
George Leadership Fellowship	Students who have demonstrated leadership skills and have made an impact	INR 8,20,475
Horace W. Goldsmith Fellowship	Aspirant who had demonstrated leadership in the Non-profit sector	INR 8,20,475
Perelman Scholarship	Students from underrepresented races, ethnic, and socio-economic groups	Variable
Edward J. De Bartolo, Sr. Graduate Scholarships	3 GPA+, With shopping Centre Industry Experience	INR 8,20,475
Columbia Fellow’s Program	Demonstrated leadership, innovation and creativity skills	Full or partial tuition fee waiver
Lemann Education Fellowship	All	Varies

Applying for Scholarships in the USA

To apply for scholarships in the States, you can follow the below-mentioned steps. Please note that these steps might differ for different universities:

1. Choose your university: You can short listing at least 2 to 3 universities. It will increase the chances of getting selected.

 2. Gather all your documents: You have to attach certain documents with your application form. Here is the list:

• Academic records
• GMAT / GRE scores
• 2 to 3 Letters of Recommendation (LORs)
• Updated resume or CV
• Cover letter
• Statement of Purpose (SOP)

3. Click apply on your selected course and fill out the application form.

4. Pay the application fee and submit all documents.

5. Apply and wait for the result.

Also Read: Scholarships for Undergraduates in the USA

MBA Scholarships in the UK

The United Kingdom is one of the most sought-after countries for international students who are looking to pursue their MBA. Studying in the UK has its own perks as the country offers high-quality education and it is the home of many prestigious universities. Many international students want to get admitted into the top B-schools in the UK but the fees of these institutions are huge. However, students can consider applying for MBA scholarships in the UK. 

Here are some scholarships you can apply for your MBA:

Scholarship	Eligibility	Amount
Dean’s Impact Scholarship	Achievement in 5 key areas: Entrepreneurship, Technology and Innovation, Sustainability, Social Impact, Leadership	INR 25,24,000
Manchester Merit Scholarships	Minimum GMAT score of 600	Varies
GREAT Scholarships	Citizen of IndiaUG from a recognised universityRelevant experience in the subject area.	INR 10,09,904
The Global Study Awards	Fullfil English proficiency criteria Must be 18+ years	INR 10,09,904
Charles Wallace India Trust Scholarships	Citizens of India Not receiving the same scholarship in the last five years	accommodation, living expenses, tuition and international fares
Inlaks Scholarship	Citizen of IndiaDegree from a recognised university Age, not more than 30 years	Living, tuition, and travel expenses covered
Felix Scholarship	Citizen of India Degree from a recognised university Students have to return to their country after completing of the award	100 % tuition fee, living expenses covered, and one return ticket
ULMS Liverpool MBA Excellence Scholarship	4+ years of work experience and leadership skills	Full or partial tuition fee
Cambridge Judge Dean’s Scholarship for Outstanding Academic Achievement	Students with excellent academic records, attitude, skills and GMAT score	INR 15,14,800
Chevening Scholarships	Be a citizen of a Chevening-eligible Country/ Territory  Have at least two years of work experience Return to your country for a minimum of two years after completion of awards.	Tuition fee, monthly stipend, travel cost (both sides), and on-arrival allowances

Apply for MBA Scholarships in the UK

Students have to follow some steps to apply for MBA scholarships in the UK:

1. Visit the official website of the university.
2. Check the eligibility criteria for the university scholarship.
3. Gather all the required documents.
4. GMAT, IELTS score
5. Register and apply for the scholarship
6. Wait for the results.

Also Read: Scholarships for Indian Students to Study in UK

MBA Scholarships in Canada

MBA scholarships to study in Canada can be a lifesaver for many students. Most students want to pursue their MBA from top colleges in Canada but financial constraints prevent them from following their dream. Fortunately, there are many scholarships available for talented students.

Here is the list of MBA scholarships in Canada:

Scholarship	Eligibility	Amount
Ontario Graduate Scholarship	Enrolled in graduate studies at the master’s/doctoral level	INR 9,14,656 (Maximum)
Robert Krembil Scholarship of Merit	Full-time students at Schulich are selected on merit	INR 24,39,255
Forte Foundation Scholarships	Showcase exemplary leadership ability	INR 24,39,255
Global Business Leader of Tomorrow Scholarship	GMAT/GRE and GPA Score Application essay and interview performance	INR 6,00,000-9,14,700
Accelerated Career Scholarship	GMAT/GRE and GPA Score Application essay and interview performance	INR 3,00,000- 9,14,700
AIMCo MBA Award	High academic achievements GMAT	INR 6,09,854
Claude Winspear MBA Award	High academic achievements GMAT	INR 6,09,854
Michael Lang MBA Award	High academic achievements GMAT	INR 6,09,854
Ivey MBA scholarships	Merit and leadership qualities	INR 6,09,854to half the tuition fee
The Thomas Beck MBA Award	Academic achievements and specific area achievements	INR 3,04,875

Apply for MBA Scholarships in Canada

You can follow the steps to apply for MBA Scholarships in Canada:

1. Visit the official website of the university.
2. Check the eligibility criteria for the university scholarship.
3. Gather all the required documents.
4. GMAT, IELTS score
5. Register and apply for the scholarship
6. Wait for the results.

MBA Scholarships in India

Studying MBA in India is also a far-fetched dream for many students because of the high fee of the course. Many institutions offer scholarships for students who need financial aid. Here is the list of MBA Scholarships in India:

Scholarship/Fellowship	Eligibility	Amount
Indian School of Business Scholarships	Selection based on merit and need of the applicant	INR 1,00,000 to INR 9,00,000
Management Develop Institute Scholarships	Students must be in the second year of their undergraduate program	INR 10,000 to INR 1,50,000
MBA Scholarships by IIMs	Selection based on the need of the applicant	INR 6,000 to INR 1,00,000 PA
ONGC Scholarship	Students must be of the General category 60% in the 12th class and graduation Must be in the first year or MBA Under 30 years of age	INR 48,000 PA
GOI Merit-cum-Means Scholarships	25 % of students belonging to the non-sponsored student body	INR 12,000 PA
Aditya Birla Scholarship	Students must be from pre-defined colleges only	INR 1,75,000 PA
Sahu Jain Trust Loan Scholarship	A resident of India Pursuing graduation or post-graduation	INR 25,000 PA
SP Jain School Of Global Management Postgraduate Merit Scholarships 2023	Minimum 75% in 10th,12th, and graduation GMAT/CAT score	USD 5000-USD 10000
Institute of Rural Management Anand Scholarship	Merit-based selection	INR 50,000 per year or 50% tuition fee
Dunia Scholarships for scholastic excellence	Students are selected based on merit in PGP-1/II	INR 1,00,000

FAQs

So, these were some of the best MBA Scholarships in USA, Canada, UK and India for aspirants who want to study abroad. Getting an MBA scholarship will lessen the financial burden, but you have to apply as early as possible. 

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