Even though the cost of tuition at top MiM programs is less than their MBA counterparts, it is a significant investment in your education and professional future. MiM Scholarships can help in reducing the financial burden that comes along with pursuing an MiM degree from any of the top European or U.S. business schools. Thus, in this article, we cover the different types of MiM Scholarships available to students who wish to pursue MiM Program.
Here is a brief outline of this article:
Different Types of MiM Scholarships
Since MiM programs require little or no work experience, scholarships become an important means of financing the cost of tuition and living expenses that candidates may incur during the length of the program.
The good news is there are many such options available, from institution-based scholarships to scholarships provided by well-established philanthropic and government organizations.
Following are the different types of MiM scholarships available:
- Merit-Based Scholarships
- Need-Based Scholarships
- Regional Scholarships
- Diversity Based Scholarships
- Scholarships provided by 3rd party and other Philanthropic or government organizations
Merit-based MiM Scholarships
Merit-based scholarships are provided to students who have shown outstanding academic or personal achievement. Merit is generally assessed through test scores as well as the ability to contribute to the MiM program through the application as well as interview feedback.
Some examples of Merit-Based Scholarships for MiM Programs are:
- MiM Merit scholarship at London Business School (Multiple awards, up to £8,000)
- HEC Foundation Excellence Scholarship (Covers Part or Full Tuition Cost)
- ESMT Berlin 700+ GMAT Scholarship (Up to € 5,000)
- Essec Academic Excellence Scholarship (Covers up to 40% of total fees)
Financial Need-Based MiM Scholarships
Financial need-based scholarships are awarded to students who show demonstrated financial need. There may be a separate essay or application required to qualify for such scholarships.
Some examples of financial need-based MiM scholarships are:
- INSEAD Financial Fellowship
- IVEY Business School Financial Need Awards
- London Business School Fellowship
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Region-Based MiM Scholarships
These scholarships are awarded to academically exceptional students belonging to a specific region or nation.
Some examples of regional scholarships are:
- Indian Academic Excellence Scholarship at Smurfit Business School
- LIFE Scholarship for Lebanese Nationals
- Serge Bellanger Scholarship for American Students
- Philippe Mathe Scholarship
- The Santander Scholarships
- ESMT Berlin Asia Scholarship
- Kofi Annan Scholarship for Developing Country Students
Diversity based MiM Scholarships
Diversity based scholarships are offered to candidates who bring diversity to the class in terms of background, work experience, and personal profiles.
Following are some examples of Diversity based MiM Scholarships:
- Volkswagen – HEC women in leadership scholarship
- IE Scholarship for diversity
- Unity in Diversity Scholarships
MiM Scholarships provided by 3rd Party, government and philanthropic organizations
There are several 3rd party, government or philanthropic organizations that provide scholarships to students pursuing MiM or other business masters programs at institutions abroad.
Following are some examples:
- Aga Khan Foundation Scholarships
- Narotam Sekhsaria Foundation Scholarships
- JN Tata Endowment for Higher Education Scholarship Program
How to research MiM Scholarships?
The most up to date and relevant source of information online about MiM scholarships is the MiM Program webpage itself. Generally, the MiM program website will have a dedicated section about scholarship information along with other relevant information such as tuition fees and living expenses you may incur during the program.
If you are targeting the top MiM Programs, then a 700+ GMAT score can help you both in gaining an admit as well as receiving a scholarship. Get your GMAT preparation started by signing up for our free trial. We can also help you with a personalized GMAT study plan. Write to us at acethegmat@e-gmat.com. We are the most reviewed GMAT Test prep company on GMAT club with 1850+ reviews (As of August 23, 2019).
List of MiM Scholarships
Now that we have taken a look at the different kinds of MiM scholarships available to candidates as well as how to research the different scholarships available at your target institution, following is a list of Scholarships by institutions with helpful links wherever available to additional information.
| Name of Institution | Type of Scholarship | Link |
| London Business School | Multiple | London Business School MiM Scholarships Link |
| ESMT Berlin Scholarships | Multiple | ESMT Berlin MiM Scholarships |
| ESSEC Business School | Multiple | ESSEC Business School MiM Scholarships |
| Duke Fuqua School of Business | Multiple | Duke Fuqua MiM Scholarships |
| The University of St. Gallen | Multiple | The University of St. Gallen MiM Scholarships |
| HEC Paris | Multiple | HEC Paris MiM Scholarships |
| Ivey Business School | Multiple | Ivey MiM Scholarships |
| IE Business School | Multiple | IE MiM Scholarships |
| ESADE Business School | Multiple | ESADE MiM Scholarship |
| WHU Otto Beisheim School of Management | Multiple | WHU MiM Scholarship |
| University Bocconi | Multiple | Bocconi MiM Scholarship |
If you are targeting the top MiM Programs, then a 700+ GMAT score can help you both in gaining an admit as well as receiving a scholarship. Get your GMAT preparation started by signing up for our free trial. We can also help you with a personalized GMAT study plan. Write to us at acethegmat@e-gmat.com. We are the most reviewed GMAT Test prep company on GMAT club with 1850+ reviews (As of August 23, 2019).
