MBA Scholarships in USA, Canada, UK and India

6 minute read

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/ FellowshipEligibilityAmount
John C. Phelan Forward FellowshipStudents from lower-income backgrounds who have carried significant financial burdensINR 24,61,545
Joseph Wharton FellowshipStudents with outstanding academic records, personal and professional achievementsINR 69,74,000 (Max)
McKinsey AwardAll incoming studentsINR 8,20,475
Columbia Business School
Board China and India Fellowships
Exceptional academic and professional commitment from India and ChinaVariable
George Leadership FellowshipStudents who have demonstrated leadership skills and have made an impactINR 8,20,475
Horace W. Goldsmith
Aspirant who had demonstrated leadership in the Non-profit sectorINR 8,20,475
Perelman ScholarshipStudents from underrepresented races, ethnic, and socio-economic groupsVariable
Edward J. De Bartolo, Sr. Graduate Scholarships3 GPA+, With shopping Centre Industry ExperienceINR 8,20,475
Columbia Fellow’s ProgramDemonstrated leadership, innovation and creativity skillsFull or partial tuition fee waiver 
Lemann Education FellowshipAllVaries

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:

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:

Dean’s Impact ScholarshipAchievement in 5 key areas: Entrepreneurship, Technology and Innovation, Sustainability, Social Impact, LeadershipINR 25,24,000
Manchester Merit ScholarshipsMinimum GMAT score of 600 Varies
GREAT ScholarshipsCitizen of IndiaUG from a recognised universityRelevant experience in the subject area.INR 10,09,904
The Global Study AwardsFullfil English proficiency criteria
Must be 18+ years
INR 10,09,904
Charles Wallace India Trust ScholarshipsCitizens of India
Not receiving the same scholarship
in the last five years
accommodation, living expenses, tuition and international fares
Inlaks ScholarshipCitizen of IndiaDegree from a recognised university
Age, not more than 30 years
Living, tuition, and travel expenses covered
Felix ScholarshipCitizen 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 Scholarship4+ years of work experience and leadership skillsFull or partial tuition fee
Cambridge Judge Dean’s Scholarship for Outstanding Academic AchievementStudents with excellent academic records, attitude, skills and GMAT scoreINR 15,14,800
Chevening ScholarshipsBe 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:

Ontario Graduate ScholarshipEnrolled in graduate studies at the master’s/doctoral levelINR 9,14,656 (Maximum)
Robert Krembil Scholarship of MeritFull-time students at Schulich are selected on merit INR 24,39,255
Forte Foundation
Showcase exemplary leadership abilityINR 24,39,255
Global Business Leader of Tomorrow ScholarshipGMAT/GRE and GPA Score
Application essay and interview performance
INR 6,00,000-9,14,700
Accelerated Career
GMAT/GRE and GPA Score
Application essay and interview performance
INR 3,00,000- 9,14,700
AIMCo MBA AwardHigh academic achievements
INR 6,09,854
Claude Winspear MBA AwardHigh academic achievements
INR 6,09,854
Michael Lang MBA AwardHigh academic achievements
INR 6,09,854
Ivey MBA scholarshipsMerit and leadership qualitiesINR 6,09,854to half the tuition fee
The Thomas Beck MBA AwardAcademic 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:

Indian School of Business ScholarshipsSelection based on merit and need of the applicantINR 1,00,000 to INR 9,00,000
Management Develop Institute ScholarshipsStudents must be in the second year of their undergraduate programINR 10,000 to INR 1,50,000
MBA Scholarships by IIMsSelection based on the need of the applicantINR 6,000 to INR 1,00,000 PA
ONGC ScholarshipStudents 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 Scholarships25 % of students belonging to the non-sponsored student bodyINR 12,000 PA
Aditya Birla ScholarshipStudents must be from pre-defined colleges onlyINR 1,75,000 PA
Sahu Jain Trust Loan ScholarshipA resident of India
Pursuing graduation or post-graduation
INR 25,000 PA
SP Jain School Of Global Management Postgraduate Merit Scholarships 2023Minimum 75% in 10th,12th, and graduation
GMAT/CAT score
USD 5000-USD 10000 
Institute of Rural Management Anand ScholarshipMerit-based selectionINR 50,000 per year or 50% tuition fee
Dunia Scholarships for scholastic excellenceStudents are selected based on merit in PGP-1/IIINR 1,00,000


Can I get a 100% scholarship for MBA in the UK?

Yes, some MBA scholarships are fully funded like Felix Scholarship, Inlaks scholarship etc.

Do I need GMAT to study MBA in Canada?

If you are targeting top business schools GMAT score is required. However, some institutions do not require a GMAT score, the applicant is accessed on other parameters.

What are the requirements for MBA in the USA?

To pursue MBA from the USA the requirements are mentioned below:
Bachelor’s degree from a recognised university 
GMAT score
English proficiency tests like IELTS or TOEFL
Statement of Purpose
2 Recommendation Letters

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. 

If you want to pursue higher studies abroad, our Leverage Edu experts are here to provide you with the best guidance on courses, universities, grants and further admission process. Sign up for a free session with us today!

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