These days, it is becoming difficult for many business graduates to continue and afford higher education in prestige institutions. In order to support shining and deserving students, several business schools and universities around the world offer business management scholarships so that deserving ones can continue their business studies.
For your convenience, we have handpicked and compiled a list of top 10 business scholarships that one can avail in 2020. So, let’s explore;
10 Business Scholarships By Top Business Schools
1# Harvard Business School (HBS)
HBS offers $34 million financial aid budget annually. 50% of MBA students studying at HBS are getting facilitated with this need based support.
But from 2020, the average HBS financial aid package is approximately $40,000 per year, or $80,000 total for the two-year course.
In addition, the HBS financial aid team helps students find loans to cover the full MBA cost not just tuition fees but living, travel and other expenses.
2# CEIBS Scholarships – Shanghai Campus
Shanghai campus provides diversified and rich financial aid program for both Chinese and International MBA students.
In 2018, 30 percent of scholarships were received by MBA students which covered 20-100 % of their tuition fees. In addition, 40 percent of the cohort received loans covering 25-100 percent of tuition fees.
3# Stanford Graduate School of Business (GSB) Scholarships
The scholarships offered by Sandford for MBA students are enough to cover the full cost of attendance.
GSB scholarship is about $35,000 per year, or $70,000 in total awards. GSB calculates the contribution students can make to their fees once they are admitted. Then they are awarded scholarships based on their financial situation.
4# INSEAD Scholarships – Europe Campus
INSEAD offers one of the broadest scholarship offerings. They offer more than 90 different scholarships for at school in France and Singapore.
These can be merit based scholarships looking for leadership abilities or can be financial need based scholarships.
The scholarships range from those for specific nationals, for instance Belgian or German-born candidates, to those from non-traditional backgrounds, and many more scholarships.
5# The Wharton Financial Aid, Pennsylvania
All admitted MBA students are considered for Wharton’s financial aid program. The selection criteria they follow include academic background and achievement, unique personal qualities, professional abilities and community involvement.
There are six different fellowships available to MBA applicants, including for those who demonstrate social impact or come from emerging economies.
Along with this, there are 19 different foundations and companies that provide fellowships to Wharton MBA students.
6# Duke University Fuqua School of Business
Every admitted applicant is considered for a merit scholarship, which range from partial to full tuition for the entire two-year MBA. Some MBA candidates have been known to receive financial awards as high as $66,000.
The awards are based on prior academic achievement, demonstrated leadership qualities, community involvement, extracurricular work and professional accomplishments.
Keller Scholars scheme is one that covers 100 percent of tuition for exceptional students. And the school also provides several assistance schemes to attract students who want to become social entrepreneurs.
7# Forte Fellows Program
This Fellows program is based on intention to increase the number of women applying to MBA programs. This program offers scholarships to women to pursue full-time, part-time or executive MBA education at selected business schools worldwide.
Students of all nationalities are eligible to apply to this scholarship. The scholarship value varies and can be in the range of $15,000 – $25,000.
8# London Business School Women’s Club Scholarships
This scholarship is created with aim to support female candidates who are on merit in order to increase the number of women joining London Business School.
The scholarship covers first year fees. School offers few other awards for women which range from £20,000-£35,000.
9# F.W. Olin Graduate School of Business Scholarships
At Babson College, the fellowships are among the most generous. Each fellow receives an award covering their full tuition fees, books and supplies, in anticipation of significant academic and professional contributions to the business school.
Students have received awards of as much as $60,000 at Babson. There are also more specific awards, for example a full tuition scholarship awarded to those who will bring diversity to the school community, such as those who are members of the National Association of Black Accountants, Association of Latino Professionals for America, or the National Association of Asian American Professionals.
10# Foundation Rainbow Bridge MBA Scholarship at HEC Paris
The foundation Rainbow Bridge is aiming to help young women recipients to enrich their academic background by obtaining an HEC MBA. These scholarships are offered to women from African or Asian countries who got affected by natural disasters, drought or famine.The scholarship value is € 20,000.
Hope, you find this business scholarships list useful. Soon, we will update this list and include more scholarship opportunities and financial aid programs for business management and entrepreneurship graduates.
- 10 Best Business Schools in the US 2020
- Top 100 Best Business Schools in the World 2020 [Upcoming]
Author: Attiya Zaineb, founder of mombeing.com