The fully-funded Scholarships by business schools for the intake of 2023-2024 for international students are now open for online applications under Management, Business administration, MBA, HR, finance, and similar subjects.
No doubt MBA is a massive financial investment for a deserving student, and if an applicant can get an MBA degree from a top-ranked business school; then thousands of career doors will open up! But there is a big stumbling block in the way to make this dream a reality and that is the high tuition fees and attached educational expenses.
An applicant may consider applying for a fully-funded MBA or management degree scholarship program to meet these expenses! It might be slightly costly to apply for the MBA course degree but there are some international universities that are granting some highly funded scholarship programs for deserving yet talented students.
The main purpose of the MBA and business school scholarship programs is to grant the students the convenience to continue their education without any interruptions. If we talk about MBA scholarships, they are generally falling into two main categories i.e. merit-based and need-based.
The merit-based scholarship is awarded to the students based on their educational achievements i.e. leadership experience and GMAT score. On the contrary, need-based MBA scholarships are designed for those students who are in financial need.
List of Top MBA, Management & Business Scholarships in 2023
Right here we have compiled a list of the Best MBA Scholarships for the students to apply to right now. We have also discussed the awarded amount and eligibility of each scholarship. Let’s have a look:
#1 Arizona State University W. P. Carey Forward Focus MBA Scholarship
Amount: Full resident tuition fee of $59,794 per year
Who can apply: Students enrolled in Arizona State University MBA
About the Scholarship: All the students who are enrolled in ASU for the MBA degree are allowed to apply for this scholarship program. They are 100% eligible for it. In the rewarded amount, the total tuition fee will be covered. For the Arizona State University’s W. P. Carey School, this scholarship amount will be an investment in student’s dreams and for their shared future.
#2 University of Florida Warrington College of Business
Amount: Full-time in/or out-of-state tuition fee for all the credits required in the program of MBA
Who can apply: Students enrolled in University of Florida Full-Time MBA
About the Scholarship: All the accepted full-time students enrolled in the University of Florida MBA degree are eligible to apply for this scholarship. The awarded amount covers the full tuition for classes through Warrington College of Business. Competitive students will be shortlisted out of which a few of them will be selected for this award.
#3 University of Chicago Booth School of Business
Amount: Offers full annual tuition with some extra awards i.e. reimbursing annual costs
Who can apply: Students enrolled in University of Chicago MBA
About the Scholarship: This University has been providing a wide range of scholarship opportunities on a merit basis. Incoming students can also apply. U.S. News & World Report has ranked this program on number 3 among different business schools in collaboration with Northwestern University.
#4 The University of Houston
Amount: Grants $10,000 plus the in-state tuition adjustments for the non-Texas residents
Who can apply: Students enrolled in the University of Houston MBA
Deadline: You have to apply for the scholarship application till June 1, 2023, as domestic applicants whereas international students can apply till April 1, 2023.
About the scholarship: The University of Houston offers various scholarship programs for all the incoming MBA students. News & World Report has ranked this program on number 95th among different business schools in collaboration with Northwestern University.
#5 The Honor Society of Phi Kappa Phi Award Programs
Amount: Around 50 Fellowships of $8,500 each with six at $20,000 each, and almost two at $35,000 each. This will be meant for the members who are entering the first year of graduate or professional study. Almost seventy-five $1,000 grants are also awarded each year.
Who can apply: Students enrolled in Phi Kappa Phi members
Deadline: For the study abroad grants, the deadline for submission is March 2023 and April 15, 2023, for the Fellowships.
About the scholarship: The Honor Society of Phi Kappa Phi is fully chartered to encourage the student to acquire scholarships broadly. This can be done without any sort of specific area of the study membership requirement. Phi Kappa Phi is known to be the United States’ oldest and well-known all-discipline honor society. It is also the third-oldest academic society which is designed just to identify basic academic achievements. Phi Kappa Phi’s ongoing commitment to recognizing scholarship is very much evident in its fantastic grants or awards programs.
#6 Golden Key Graduate Scholar Award
Who can apply: Any student who is willing to make their future in the MBA field is eligible to apply. The application’s main requirements are the attachment of a personal statement, 1 recommendation letter, a current resume, and a comprehensive academic transcript, with the completed program questionnaire.
Deadline: Till December 2023 (estimated)
About the Scholarship:
Golden Key was founded in 1977 and has made itself to be the largest international collegiate honor societies. This center has 400 chapters worldwide. Membership of this scholarship is based on academic achievements and through invitation only. The society also awards deserving MBA candidates on the specific criteria which involves various reasons of career goals, future academic and education.
#7 Women of the World Scholarships
Amount: Almost 50 percent of the overall tuition fees
Who can apply: For this scholarship program, only female candidates can apply. Women of all nationalities and backgrounds can apply. Extra preference will be given to the candidates who are in financial need. Plus, a financing plan is also needed.
About the scholarship: ESCADA will support all the deserving candidates to pursue their MBA program through the use of scholarships. This scholarship is designed for women who are looking forward to adding a unique experience and perspective to your program.
#8 Harvard Business School Scholarships
Amount: Awarded amount in this scholarship is $42,000 per year.
Who can apply: To apply for this scholarship, a student must be enrolled in Harvard Business School at the Master’s Course Level. If any international applicant is not proficient in the English language, they must provide evidence of English language proficiency.
About the scholarship:
Harvard Business School will grant $42,000 per year or a maximum of $84,000 to cover all students’ educational expenses. It is introduced by Harvard Business School.
#9 Committee of 200 Scholars Program
Amount: Almost $10,000
Who can apply: Women or students who are enrolled at these United States or global universities are eligible to apply.
Deadline: Based on the schedule of the university
About the scholarship: This scholarship program is based on the committee of almost 200 awards granted to outstanding and deserving MBA students. It even grants some learning and networking opportunities within their C200 Scholar Network. This scholarship also hosts panels as well as roundtable discussions at some key universities to fully inspire ambitious, as well as business-minded women.
#10 Forté Fellows Program
Amount: Not confirmed
Who can apply: Students or the women applicants enrolled in these sponsoring United States or global universities are eligible to apply.
Deadline: According to the university admissions deadline
About the scholarship: The Forté Foundation offers prestigious and exclusive fellowships to women who are studying full-time, or part-time, or even executive MBAs at almost 50 of the best business schools all across North America & Europe. Forté is aiming to boost the women’s motivation to enroll themselves in MBA programs.
So this was all about the few best Business School scholarship programs to which MBA students can apply right now. All the scholarship programs are diverse in terms of eligibility criteria and the amount of award. Pick the one which you think will help you to build a stronger career in the field of MBA.