MBA Scholarships in USA, Canada, UK and India

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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:

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

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
Resume
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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