MBA Scholarships for International Applicants

Posted by on July 13, 2017 in Scholarships | 22 comments

MBA Scholarships for International Applicants


MBA Scholarships for International Applicants

If you want to apply to a US or other top MBA program, then attending a business school can cost a fortune. Furthermore, top MBA programs in US can cost anywhere between 100,000 and 150,000 US dollars (European MBA are a bit cheaper), therefore obtaining funding is a crucial factor in deciding whether to attend B-school or not.


There is a misconception

…..amongst applicants from non-US countries that B schools in US do not offer funding to int’l students. However nearly all top programs do offer partial funding to some of its admitted students.


Getting into a top program is itself difficult and being able to secure full funding is an even greater one, since these awards are extremely limited. Nevertheless, there is a much higher probability of getting partial funding or tuition waivers.




Before I go on

….. to mention the programs where financial aid is offered, it is important to keep a few points in mind. In my search for MBA programs that offer full funding, I found that almost all of the business schools mentioned a high GMAT score and strong academic background as prerequisites for qualifying for a scholarship.


Work experience is often one of the requirements when applying to a MBA so obviously that is already factored in the decision. Plus, an important criterion was maturity and dedication.


You will stand out if

….. the business school can see how you have persevered, set goals and acted to achieve them. You might be among the very few lucky ones who can satisfy these conditions and get funding, but if you are not then you might have to plan a bit more in order to afford a MBA.


The following is the list of programs which offer funding for an MBA degree. In all cases applicants will have to use multiple ways to cover cost of attendance where full funding is not available. This can be done through loans, partial scholarships, sponsorship by employer and so forth.


1. Harvard Business School

The Boustany Foundation is the most noteworthy MBA funding. It offers a fully funded scholarship for MBA at Harvard. A candidate can have any nationality. Other than this, there are a few partial fellowships and need-based fellowships.


Boustany Foundation Scholarship
HBS Scholarships


2. Stanford Graduate School of Business

Stanford does not have full scholarships for MBA students, however there are several partial awards. The Knight-Hennessy Scholarship is open to all graduate school applicants and covers the whole cost of the program i.e. tuition along with living expenses.


Hennessy Scholarship
Other Stanford Scholarships


3. The University of Chicago Booth School of Business

Multiple fellowships are available and in some cases there is a possibility of getting full tuition waiver such as the Wallman Fellowship.


Booth Scholarships


4. Yale School of Management

Yale offers a number of full tuition scholarships for the MBA program. It is noted on their website that up to 18 full tuition scholarships are awarded and consequently 1 out of every 3 admitted students receives some sort of a scholarship.


Yale Scholarships


5. Columbia Business School

At Columbia admitted students can be awarded fellowships covering full tuition. Especially relevant, those students who do not get funding in the first year can apply for the second year fellowships.


Columbia Scholarships


6. Haas School of Business at University of California Berkeley

The Haas School offers a number of scholarships to entering students covering various amounts. Moreover, a few such as the Dean’s Fellowship can cover the full cost of attending.


Haas Scholarships


7. NYU Stern School of Business

A number of partial to full tuition awards are available at the Stern School. A specific award, William R. Berkley Scholarship, for graduating seniors provides full funding.


Stern Scholarships


8. SDA Bocconi School of Management

At Bocconi a number of partial and full tuition waivers are available, however, these are very limited in number.


SDA Scholarships


9. Luiss Business School

The school has a number of full tuition awards. There are a number of opportunities for women especially such as the MBA Scholarship for Women and Grow Fast Project.


Luiss Scholarships


10. Olin Business School, Washington University in St. Louis

Merit-based dean’s scholarships offer partial and full tuition waivers along with some specific fellowships as well.


Olin Scholarships


11. Carlson School of Management, University of Minnesota

The Carlson School has a number of merit-based fellowships and scholarships. Most cover partial to full tuition, however, full funding can be secured under the Carlson School Deans and Fellows Awards which can award full tuition plus stipend.


Carlson Scholarships


12. The University of Texas at Austin, McCombs School of Business

The website for the McCombs School does not provide details about the number of scholarships. However, it is mentioned that partial to full tuition awards are available.


McCombs Scholarships


13. Tuck School of Business at Dartmouth

The school website does not mention any fully funded scholarships, however, there are scholarships that range from $5000 to full tuition.


Dartmouth Scholarships


14. Tepper School of Business, Carnegie Mellon University

A number of fellowships based on leadership and merit are available many of which offer full tuition awards.


Tepper Scholarships


15. Darden School of Business, University of Virginia

The university offers a number of partial and full tuition merit scholarships, in addition to fully funded Darden Jefferson Fellowship.


Darden Scholarships


16. Mendoza College of Business, University of Notre Dame

Merit-based fellowships is available to incoming students. There is also a possibility to get full funding from the Meyer Fellows award.


Mendoza Scholarships


17. Kelley School of Business, Indiana University

Funding in the form of merit scholarships, fellowships and assistantships is available. The merit will cover partial to full tuition fee.


Kelley Scholarships


18. Kenan-Flagler Business School, University of North Carolina at Chapel Hill

The available funding covers full tuition plus a stipend, full tuition fellowships and partial tuition fellowships.


UNC Scholarships


19. Goizueta Business School, Emoy University

There are a number of scholarships which offer full tuition. In addition, the Robert W. Woodruff Scholars receive full tuition and an annual stipend.


Emoy Scholarships


20. Georgia Tech, Scheller College of Business

More than 50 percent of Full-time MBA students received funding. Majority of funding is given to those who apply in rounds one and two.


Georgia Tech Scholarships


This list is not exclusive and you may be able to find programs that offer funding for a MBA degree, however, this list can help you in your search for MBA programs that offer funding.


  1. Avatar

    Thank You Talha! ??

  2. Avatar

    I want scholarship for mba …. Can any one help me that how can i get scholarship for mba in canada australia and germany

    • Avatar

      No scholarships for Australia – Germany is free. Canada you have to contact the university directly.

      • Avatar

        Sir is education free in Germany??

        • Avatar

          Yes it is!

          • Avatar

            But Business schools of Germany in list of top 100 are not free.

  3. Avatar

    Thanks Talha for sharing Scholarship list.
    For those MBA Scholarship what kind of profile candidate should have?

    • Avatar

      Ideally 4-5 years work experience alongwith a 670+ GMAT. Work experience can be any type though!

      • Avatar

        How about 10 years experience with engineering background.

        • Avatar

          Better to apply for EMBA in that case

  4. Avatar

    Assalam-o- Alaimkum.

    Sir hopefully you’re well and Wish. Sir I want to apply for PhD finance at Harvard university. Did you have any info regarding this university how make my profile how it make distinguish to get me admission.
    Thank you

    Best Regards

    • Avatar

      W.S. Ibrahim. Well, you must have 2-3 INT’L research publications in high impact factor journals and conferences (that’s nearly a must). Along with that, you should have a GMAT/GRE score in high 90 percentile, especially on the quant section. But in my experience publications and relevant research work matters most.

  5. Avatar

    Hi Talha,

    I have almost one year of working experience and want to go for an MBA. Are there any universities in Europe for which you can with lesser work experience required.

    • Avatar

      Hello Abid, You can search European programs – I am only apt at US MBA programs. Thanks

  6. Avatar

    Hi Talha,
    I am a fresh graduate (bba) with 3.70 gpa, Pakistani resident.
    What else is required for being eligible for mba scholarship in the US.

    • Avatar

      Hello – you will need

    • Avatar

      Hello – you will need 4-5 years of work experience on average.

  7. Avatar

    Hello Sir!
    Is It Possible To Do MBA after completing Graduation In the Field Of Natural Science????

    (Also Have Some Business Experience)

    • Avatar

      Hello Naresh, Yes it is definitely possible.

  8. Avatar

    Can a fresh graduate of engineering with CGPA less than 3 get a fully funded scholarship in MBA/MS.?
    If yes then How?

    • Avatar

      Waalaikum Asalam, Nope. For MBA you need 4-5 years of work experience and a GMAT score of above 650. For MS you can apply by giving the GRE and scoring around 315+ on it.

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