Many schools offer scholarships but you cannot bank on doing your MBA using just scholarships. You have to be a little careful with that one. That said, many schools, especially after the rank of 15 or 20, offer substantial scholarships if you have a very high GMAT score, and if your profile is very good.
We have had such students at CrackVerbal. We would be happy if you contacted us; we can share profiles of students who got as much as 70 to 80% of their tuition expense waived off. This means that their MBA was done in around INR 20 lakhs. There are scholarships, for example, the Reliance-Stanford scholarship which offers 100% of your Stanford MBA in return for you coming back to India and working here. There are some clauses you might want to look at, but scholarships are definitely an option that you could consider.
Here are the scholarship details of some top B-schools:
Harvard Business School
This school provides need-based fellowships to students with limited financial resources. The special interest fellowships are for those with various interests or backgrounds.
50% of HBS students are eligible for need-based Fellowships.
These scholarships include The Robert S. Kaplan (MBA 1983) Life Sciences Fellowship (for students interested in a science-based career), Junior Achievement Fellowship( for students with Junior Achievement experience) and Horace W. Goldsmith Fellowship (non-profit).
Click here for more info – http://www.hbs.edu/mba/financial-aid/international-students/Pages/default.aspx
Stanford MBA scholarship
All MBA students, regardless of citizenship, are eligible for financial aid. Due to the rigorous nature of our MBA curriculum, they don’t recommend that students rely on part-time work to cover the cost of the program.
The Stanford GSB Financial Aid Office offers “need-based” fellowship and not merit-based fellowships
The Reliance Dhirubhai Fellowship Program provides future Indian leaders with the educational foundation for affecting positive change in India. Every year up to five students are selected for the program with a condition to return to India to lead organizations that are at the forefront of growth and development in the rapidly emerging Indian economy.
Click here for more info – https://www.gsb.stanford.edu/programs/mba/financial-aid/us-citizens-permanent-residents
London Business School
London Business School offers a wide range of scholarships. Most of the scholarships are available to successful applicants who apply in Stages 1, 2 and 3 of the MBA application process.
You’ll find out more about scholarships, including how to apply, when you receive your offer.
All these scholarships are subject to change without notice.
INSEAD Scholarships are the most sought-after source of financial assistance. The number of scholarships is limited, and there is significant competition for each award. These scholarships are granted under various criteria, and there are essentially two basic categories of scholarships:
- Need-based: demonstrate financial need
- Non-need based: based on either merit, nationality, gender, professional background, leadership abilities, field of previous studies, etc.
For all INSEAD scholarships, they require applicants to provide accurate details of their financial situation.
Click here for more info – https://www.insead.edu/master-programmes/mba/financing
Carnegie Mellon (Tepper)
Scholarships and fellowships are awarded to full-time MBA candidates who exhibit a high degree of potential for success in the program and in their careers
National University of Singapore
The National University of Singapore (NUS) offers a number of merit based scholarship schemes to better support and ease the financial burden of students.
Once admitted into the HEC Paris MBA Program, you will have the opportunity to apply for HEC MBA Scholarships. These scholarships are highly competitive. Once admitted, you will receive guidance from your Admissions Officer to apply for a scholarship.
Wharton MBA scholarship
Wharton provides a broad range of scholarship opportunities for exceptional students.
Some of the fellowships offered include the emerging economy Fellowships (students from emerging economies), Joseph Wharton Fellowships (outstanding achievements), Howard E. Mitchell Fellowships (outstanding students from under-represented backgrounds) and Social Impact Fellowships (public or not-for-profit sector).
Click here for more info – https://mba.wharton.upenn.edu/tuition-financial-aid/
In addition to the Park Fellowships, Johnson has over $1.5 million in merit-based scholarship funds to award each year to new students
Chicago Booth scholarships
All Chicago Booth scholarships and fellowships are awarded based on merit. The eligibility for many of the fellowship programs is decided by the criteria of individual alumni and foundation donors.
There are several scholarship programs like India Trust Fellowship (for those living and working in India), The Wallman Fellowship (for women from underrepresented minority groups) and the Akhtarali H. Tobaccowala Fellowship (for students from India)
Click Here for more info – https://www.chicagobooth.edu/programs/full-time/admissions/tuition-financial-aid
Said Business School
For over two-thirds of Oxford scholarships, nothing more than the standard course application is usually required. If you fulfill the eligibility criteria, your will automatically be considered.
There are various fellowships available like the Forté Foundation Fellowships (Two scholarships of £15,000 for female candidates), Alumni Annual Fund Scholarships (academic excellence ) and Saïd Business School Foundation Scholarships (strong career progression and excellent career potential)
Some scholarships you have an obligation to submit a scholarship essay.
To find out more about the scholarships available at Oxford, and how to apply for scholarships which require applications, please use the Fees, funding and scholarship search.
You are considered for scholarships when you apply to the Full-Time MBA Program, and you are notified of any award when you are admitted. This applies to U.S. citizens, permanent residents, and international students.
No separate application is required.
Awards are based on academic ability, professional and personal achievements, and potential to contribute to our community.
Scholarships range from $5,000 to full tuition.
Many private organizations offer scholarships and fellowships to graduate students in all fields. The UCLA Graduate Division offers an excellent resource for finding these external awards
IMD offers a variety of merit and need-based MBA scholarships. Applicants may apply to several simultaneously. However, only one scholarship is awarded per candidate.
Scholarships granted are subject to nomination by the scholarship selection committee, acceptance into the program and confirmation of your intention to participate in the program by paying the advance deposit.
The various scholarships include MBA Class Scholarship for Emerging Markets (good academic results (GMAT), strong reference letters & steady career progression), IMD MBA Future Leaders Scholarships (exceptional leadership understanding – essay based), & Nestlé Scholarship for Women (women from developing countries)
IMD reserves the right not to award a scholarship if the criteria are not met to the satisfaction of the jury/sponsors.
IE School of Business
About 40% of the students receive every year some help between 15% and 45% of the cost of tuition.
The scholarships program of the IE Foundation offers multiple targeting options for different profiles, giving different amounts and to a limited number of candidates depending on each year’s budget.
Click here for more info – https://www.ie.edu/financial-aid/
There are several scholarships and tuition waivers offered by the School, as well as by companies, consultancy firms, and other organizations.
These are usually awarded before the Program begins.
Admission to the Program is independent of the allocation of any scholarship or tuition waiver.
Melbourne Business School
Generous scholarships are available to students to support their full-time study for an MBA at Melbourne Business School (MBS).
There are scholarship opportunities for candidates applying in any round who meet the specific criteria and some scholarships are connected to each Round.
To be considered for their Scholarships you must first complete an online application and refer to the application deadlines for the specified round date.
All full-time MBA students, who have been successful in obtaining a place in the program, are automatically considered for scholarship support. Therefore you do not need to submit a separate application for a scholarship.
When you receive an offer of admission into the MBA program, you will be advised of any scholarship award and if additional documentation is required.
Click here to know more – https://mbs.edu/above-search-links/current-students/scholarships
Yale School Of Management
Yale School Of Management provides a small number of partial scholarships to exceptional candidates for the MBA for Executives program.
Recipients of these highly selective awards will have to demonstrate a track record of outstanding leadership at the intersection of business and society.
Scholarships will be awarded to individuals whom the selection committee members believe will enhance the program experience through their distinctive perspectives and experiences. In addition to merit, demonstrated financial need will play a major role in determining award recipients
Click Here to know more – http://som.yale.edu/programs/mba/admissions/financing-your-mba
ESADE Business School offers and awards a considerable number of scholarships to outstanding Full-Time MBA candidates during their admissions process.
Most of these Scholarships are possible by the allocation of the Business School funds, as well as the generosity of our donors and alumni contribution. The aim is to recognize and encourage talented candidates applying to ESADE Business School.
There are two criteria in which the scholarship can be evaluated. The Talent criteria evaluate the academic excellence, personal achievements, proven professional acumen and a determination to influence the future of business.
The Need based criteria, evaluates not only the merit profile but also the financial need of the candidate.
Click Here to know more – http://www.esade.edu/ftmba/eng/fees-financing/mba-scholarships
Imperial College London
Imperial College Business School offers a significant scholarship funding to their most talented applicants.
A range of scholarships are available and all self-funded candidates are automatically considered for all scholarship schemes for which they meet the eligibility criteria and application deadlines.
The University of St.Gallen MBA is committed to help outstanding individuals from various regions around the world.
There are several scholarships offered like the Expert Scholarship (For candidates with academic background in sciences or engineering), Emerging Markets Scholarship (For candidates from emerging markets), Outstanding Candidates Scholarship, & MBA Event Scholarship (For candidates who meet one of their Recruitment Managers face-to-face at regional fairs or events)
Warwick School of Business
A number of scholarships are available to students admitted into the Warwick Full-Time MBA.
This is to promote gender, geographic and sector diversity, alongside recognition for academic and professional excellence. WBS scholarships are highly competitive and awarded on the basis of three broad criteria: Academic performance including GMAT score, strong career profile and the ability to fulfill future ambassadorial duties for the school.
Up to 20% of admitted Full-time students are awarded a merit-based scholarship. Awards range from partial to full tuition and fees. All full-time applicants (both domestic and international) will be considered and reviewed for merit-based awards.
Click here to know more – http://www.stern.nyu.edu/portal-partners/financial-aid/loans/private-loans/international-students
There are a number of scholarships available through both Goizueta and partnerships with local and national organizations.