{"id":23079,"date":"2022-07-23T21:44:00","date_gmt":"2022-07-23T16:14:00","guid":{"rendered":"https:\/\/e-gmat.com\/blogs\/?p=23079"},"modified":"2022-12-28T12:48:00","modified_gmt":"2022-12-28T07:18:00","slug":"mba-scholarships-indian-students","status":"publish","type":"post","link":"https:\/\/e-gmat.com\/blogs\/mba-scholarships-indian-students\/","title":{"rendered":"MBA Scholarships for Indian Students and International Students | A complete list &#8211; 2023"},"content":{"rendered":"<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">A <\/span> <span class=\"rt-time\">5<\/span> <span class=\"rt-label rt-postfix\">min read <\/span><\/span>\n<p>An MBA is a significant investment in yourself and your future and MBA scholarships can significantly help in easing the financial burden of attending a top MBA program.&nbsp;In this article, we cover scholarships and other forms of financial aid that help Indian and other international students pursue their dream MBA programs at the top business schools around the world.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img loading=\"lazy\" width=\"1024\" height=\"576\" src=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/MBA-Scholarships-for-Indian-International-Students-1024x576.jpg\" alt=\"MBA Scholarships for Indian &amp; International Students\" class=\"wp-image-23086\" srcset=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/MBA-Scholarships-for-Indian-International-Students-1024x576.jpg 1024w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/MBA-Scholarships-for-Indian-International-Students-300x169.jpg 300w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/MBA-Scholarships-for-Indian-International-Students-768x432.jpg 768w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/MBA-Scholarships-for-Indian-International-Students-1080x608.jpg 1080w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/MBA-Scholarships-for-Indian-International-Students.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Here is a brief outline of this article:<\/p>\n\n\n\n<ul><li><a href=\"#types\">Types of MBA scholarships<\/a><\/li><li><a href=\"#other\">Other forms of financial aid available to Indian and International Students<\/a><\/li><li><a href=\"#research\">How to research MBA scholarships?<\/a><\/li><li><a href=\"#apply\">How to apply for MBA Scholarships?<\/a><\/li><li><a href=\"#list\">List of MBA Scholarships<\/a><\/li><\/ul>\n\n\n\n<h2 id=\"types\">Types of MBA Scholarships for Indian Students and International Students<\/h2>\n\n\n\n<p>Following are the different forms of MBA scholarships and other forms of financial aid offered to Indian, international and other students at business schools:<\/p>\n\n\n\n<ol><li>Merit-Based Scholarships<\/li><li>Need-Based Scholarships<\/li><li>Diversity and Gender-based Scholarships<\/li><li>External Scholarships<\/li><\/ol>\n\n\n\n<h3>Merit-Based MBA Scholarships<\/h3>\n\n\n\n<p>Merit-based scholarships are generally offered to students with outstanding academic performance based on undergraduate GPA, standardized test scores or exceptional professional achievement. Merit-based MBA scholarships are also offered to students who show demonstrated commitment and service to the community.<\/p>\n\n\n\n<p>A few merit-based scholarships offered by top business schools are:<\/p>\n\n\n\n<ul><li><a href=\"https:\/\/www.kellogg.northwestern.edu\/programs\/full-time-mba\/tuition-financial-aid\/scholarships.aspx\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Kellogg Scholarship<\/a> (Kellogg School of Management)<\/li><li><a href=\"https:\/\/mba.haas.berkeley.edu\/admissions\/scholarships\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\"> Tahir Fellowship<\/a> (UC Berkeley Haas School of Business)<\/li><li><a href=\"https:\/\/www.chicagobooth.edu\/programs\/full-time\/admissions\/scholarships\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">George J. Stigler Fellowship<\/a> (Chicago Booth School of Business)<\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/bk-birla-scholarship-london-business-school\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">B.K. Birla MBA Scholarship<\/a> (London Business School)<\/li><\/ul>\n\n\n\n<h3>Need-Based MBA Scholarships\/Fellowships<\/h3>\n\n\n\n<p>A few top business schools such as Harvard and Stanford provide only need-based scholarships and fellowships to students who have received an admit. At Harvard Business School need is determined based on the candidate\u2019s income from the last 3 years, along with any other assets.<\/p>\n\n\n\n<p>At Stanford Graduate School of Business need is defined as:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" width=\"974\" height=\"218\" src=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/How-Stanford-GSB-determines-need-for-MBA-Scholarships.png\" alt=\"How Stanford GSB determines need for MBA Scholarships\" class=\"wp-image-23094\" srcset=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/How-Stanford-GSB-determines-need-for-MBA-Scholarships.png 974w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/How-Stanford-GSB-determines-need-for-MBA-Scholarships-300x67.png 300w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/How-Stanford-GSB-determines-need-for-MBA-Scholarships-768x172.png 768w\" sizes=\"(max-width: 974px) 100vw, 974px\" \/><\/figure>\n\n\n\n<p>Stanford GSB offers the following full-tuition fellowships to students with specific backgrounds:<\/p>\n\n\n\n<ol><li><a href=\"https:\/\/www.gsb.stanford.edu\/programs\/mba\/financial-aid\/types-aid\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Charles P. Bonini Partnership for Diversity Fellowship<\/a><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/stanford-reliance-dhirubhai-fellowship-3-indians-get-1-crore-each-to-study-at-stanford-gsb\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Stanford Reliance Dhirubhai Fellowship<\/a><\/li><\/ol>\n\n\n\n<h3>Diversity &amp; Gender-based MBA Scholarships<img loading=\"lazy\" class=\" wp-image-23087 alignright\" src=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/Gender-based-MBA-scholarships-1024x683.jpg\" alt=\"Gender based MBA scholarships\" width=\"421\" height=\"281\" srcset=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/Gender-based-MBA-scholarships-1024x683.jpg 1024w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/Gender-based-MBA-scholarships-300x200.jpg 300w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/Gender-based-MBA-scholarships-768x512.jpg 768w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/Gender-based-MBA-scholarships-1080x720.jpg 1080w\" sizes=\"(max-width: 421px) 100vw, 421px\" \/><\/h3>\n\n\n\n<p>Diversity and Gender-based MBA scholarships help promote diversity in the student body of MBA programs. These scholarships help increase representation and advance the interests of traditionally underrepresented communities in MBA programs.<\/p>\n\n\n\n<p>Some examples of diversity-based MBA scholarships are:<\/p>\n\n\n\n<ul><li><a href=\"http:\/\/www.fortefoundation.org\/site\/PageServer?pagename=mba_fellows\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Fort\u00e9 MBA Fellowships for Women<\/a><\/li><li><a href=\"https:\/\/www.reachingoutmba.org\/lgbtmbafellowship\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Reaching Out LGBTQ MBA Fellowship<\/a><\/li><li><a href=\"https:\/\/cgsm.org\/\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Consortium for Graduate Study in Management<\/a><\/li><\/ul>\n\n\n\n<h3>External MBA Scholarships<\/h3>\n\n\n\n<p>Many organizations that traditionally employ MBA graduates also offer MBA scholarships to students. Apart from the financial awards such scholarships also provide access to resources such as special programming and access to networking and recruiting resources.<\/p>\n\n\n\n<p>Some examples of External MBA scholarships are:<\/p>\n\n\n\n<ul><li>McKinsey Emerging Scholars Program<\/li><li><a href=\"https:\/\/www.chicagobooth.edu\/programs\/full-time\/admissions\/scholarships\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Khosla Booth Private Equity Fellowship<\/a><\/li><li><a href=\"https:\/\/www.orbismbafellowship.com\/\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Orbis Investment Management MBA Fellowship<\/a><\/li><\/ul>\n\n\n\n<p>External MBA Scholarships are also offered by several non-profit and charitable organizations such as:<\/p>\n\n\n\n<ul><li><a href=\"https:\/\/www.akdn.org\/our-agencies\/aga-khan-foundation\/international-scholarship-programme\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">The Aga Khan Foundation<\/a><\/li><li><a href=\"https:\/\/www.kcmet.org\/index.aspx\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">KC Mahindra Education Trust<\/a><\/li><\/ul>\n\n\n\n<h2 id=\"other\">Other Forms of Financial Aid<\/h2>\n\n\n\n<p>Besides MBA scholarships, there are several other forms of financial aid available to both Indian and International students to help with financing their MBA program costs. Other popular forms of financial aid include:<\/p>\n\n\n\n<ul><li>Teaching Assistantships\/Research Assistantships<\/li><li>Loans<\/li><\/ul>\n\n\n\n<h3>Research and Teaching Assistantships<\/h3>\n\n\n\n<p>Assistantships are a way of financially assisting your educational expenses by working in part-time positions within the university. Depending on the type of assistantship you may either be offered a monthly stipend and sometimes a reduction in the tuition amount.<\/p>\n\n\n\n<p>Teaching assistantships involve assisting a professor in administrative or teaching tasks such as grading assignments, conducting office hours, etc. Teaching assistants generally help professors with undergraduate or in some cases graduate-level courses.<\/p>\n\n\n\n<p>Research assistantships involve assisting members of the faculty with a research project. The nature of work depends on the specific research project.<\/p>\n\n\n\n<h3>Financing Business School through Loans<\/h3>\n\n\n\n<h2 id=\"research\"><img loading=\"lazy\" class=\" wp-image-23089 alignright\" src=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/How-to-reseach-MBA-scholarships-1024x640.jpg\" alt=\"How to research MBA scholarships\" width=\"402\" height=\"251\" srcset=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/How-to-reseach-MBA-scholarships-1024x640.jpg 1024w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/How-to-reseach-MBA-scholarships-300x188.jpg 300w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/How-to-reseach-MBA-scholarships-768x480.jpg 768w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/How-to-reseach-MBA-scholarships-400x250.jpg 400w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/How-to-reseach-MBA-scholarships-1080x675.jpg 1080w\" sizes=\"(max-width: 402px) 100vw, 402px\" \/><\/h2>\n\n\n\n<p>There are many different types of loan options available to international students to finance their business school education. Apart from traditional loans which generally require a co-signer or collateral, organizations such as <a href=\"https:\/\/prodigyfinance.com\/\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Prodigy Finance<\/a> provide collateral-free loans without the need of a co-signer.<\/p>\n\n\n\n<h2 id=\"research\">How to research MBA scholarships?<\/h2>\n\n\n\n<p>The best place to start your MBA scholarship research is generally the business schools program website. There is generally a dedicated section which deals with the various aspects of financing your MBA. At the end of the article, we have provided links to the MBA scholarship and financing options available at some of the top business schools.<\/p>\n\n\n\n<h2 id=\"apply\">How to apply for an MBA Scholarship?<img loading=\"lazy\" class=\" wp-image-23088 alignright\" src=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/How-to-apply-for-MBA-scholarships-1024x1024.jpg\" alt=\"How to apply for MBA scholarships\" width=\"300\" height=\"299\" srcset=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/How-to-apply-for-MBA-scholarships-1024x1024.jpg 1024w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/How-to-apply-for-MBA-scholarships-150x150.jpg 150w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/How-to-apply-for-MBA-scholarships-300x300.jpg 300w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/How-to-apply-for-MBA-scholarships-768x768.jpg 768w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/How-to-apply-for-MBA-scholarships-1080x1080.jpg 1080w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/h2>\n\n\n\n<p>Depending on the type, there may be several different ways to apply for MBA scholarships. &nbsp;Most merit-based and need-based MBA scholarships do not require an additional application and you are automatically considered for them once you submit your business school application.<\/p>\n\n\n\n<p>However, certain fellowships such as the <a href=\"https:\/\/e-gmat.com\/blogs\/stanford-reliance-dhirubhai-fellowship-3-indians-get-1-crore-each-to-study-at-stanford-gsb\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Stanford Reliance Dhirubhai Fellowship<\/a> have their own competitive selection process and require an additional application. Regardless of the type of MBA scholarship or fellowship, the following tips will help you in securing MBA Scholarships:<\/p>\n\n\n\n<ol><li>Apply early to your target programs<\/li><li>Research about MBA Scholarship\/Fellowship options available<\/li><li>Prepare and send additional application material if required<\/li><\/ol>\n\n\n\n<h2 id=\"list\">List of MBA Scholarships for Indian Students and International Students at Top Business Schools<\/h2>\n\n\n\n<p>Following is a list of MBA scholarships and fellowships available for Indian and international students at the top business schools:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Business School\/Organization<\/strong><\/td><td><strong>Scholarship\/Fellowship Name<\/strong><\/td><td><strong>Link<\/strong><\/td><\/tr><tr><td>INSEAD<\/td><td>Multiple<\/td><td><a href=\"https:\/\/sites.insead.edu\/mba\/schlmgmt\/index.cfm\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">INSEAD MBA Scholarships<\/a><\/td><\/tr><tr><td>Chicago Booth<\/td><td>Multiple<\/td><td><a href=\"https:\/\/www.chicagobooth.edu\/programs\/full-time\/admissions\/scholarships\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Chicago Booth MBA Scholarships<\/a><\/td><\/tr><tr><td>Wharton<\/td><td>Multiple<\/td><td><a href=\"https:\/\/mba.wharton.upenn.edu\/tuition-financial-aid\/\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Wharton MBA Scholarships<\/a><\/td><\/tr><tr><td>Stanford GSB<\/td><td>Stanford Reliance Dhirubhai Fellowship,<br>Charles P. Boninin Partnership for Diversity Fellowship, and<br>Knight-Hennessy Scholars Program<\/td><td><a href=\"https:\/\/www.gsb.stanford.edu\/programs\/mba\/financial-aid\/types-aid\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Stanford MBA Scholarships<\/a><\/td><\/tr><tr><td>Northwestern Kellogg<\/td><td>Multiple<\/td><td><a href=\"https:\/\/www.kellogg.northwestern.edu\/programs\/full-time-mba\/tuition-financial-aid\/scholarships.aspx\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Kellogg MBA Scholarships<\/a><\/td><\/tr><tr><td>UCLA Anderson School of Business<\/td><td>Multiple<\/td><td><a href=\"https:\/\/www.anderson.ucla.edu\/degrees\/full-time-mba\/financing\/financing-opportunities\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">UCLA Anderson Scholarships<\/a><\/td><\/tr><tr><td>MIT Sloan<\/td><td>Multiple<\/td><td><a href=\"https:\/\/mitsloan.mit.edu\/mba\/admissions\/tuition-and-financial-aid\/fellowships\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">MIT Sloan MBA Scholarships<\/a><\/td><\/tr><tr><td>Harvard Business School<\/td><td>Multiple<\/td><td><a href=\"https:\/\/www.hbs.edu\/mba\/financial-aid\/tuition-assistance\/additional-harvard-fellowships\/Pages\/default.aspx\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Harvard MBA Scholarships<\/a><\/td><\/tr><tr><td>Berkeley Haas<\/td><td>Multiple<\/td><td><a href=\"https:\/\/mba.haas.berkeley.edu\/admissions\/scholarships\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Berkeley Haas MBA Scholarships<\/a><\/td><\/tr><tr><td>McCombs School of Business<\/td><td>Multiple<\/td><td><a href=\"https:\/\/www.mccombs.utexas.edu\/MBA\/Full-Time\/Tuition-and-Financial-Aid\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">McCombs MBA Scholarships<\/a><\/td><\/tr><tr><td>Rice Jones Graduates School of Business<\/td><td>Multiple<\/td><td><a href=\"https:\/\/www.mccombs.utexas.edu\/MBA\/Full-Time\/Tuition-and-Financial-Aid\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Rice MBA Scholarships<\/a><\/td><\/tr><tr><td>Virginia Darden School of Business<\/td><td>Multiple<\/td><td><a href=\"https:\/\/www.darden.virginia.edu\/mba\/financial-aid\/scholarships\/\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Darden MBA Scholarships<\/a><\/td><\/tr><tr><td>Dartmouth Tuck<\/td><td>Multiple<\/td><td><a href=\"https:\/\/www.tuck.dartmouth.edu\/admissions\/finance-your-degree\/scholarships-fellowships-sponsorships\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Tuck MBA Scholarships<\/a><\/td><\/tr><tr><td>London Business School<\/td><td>BK Birla LBS Scholarship and more<\/td><td><a href=\"https:\/\/www.london.edu\/masters-degrees\/mba\/fees-financing-and-scholarships\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">LBS MBA Scholarship<\/a><\/td><\/tr><tr><td>Oxford Sa\u00efd Business School<\/td><td>Multiple<\/td><td><a href=\"https:\/\/www.sbs.ox.ac.uk\/oxford-experience\/scholarships-and-funding\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Oxford Sa\u00efd MBA Scholarships<\/a><\/td><\/tr><tr><td>Oxford &amp; Cambridge Society of India<\/td><td>OCSI Scholarship for Indian Students to study at Oxford or Cambridge<\/td><td><a href=\"http:\/\/www.oxbridgeindia.com\/scholarships\/ocsi-scholarship-guidelines\/\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">OCSI Scholarship<\/a><\/td><\/tr><tr><td>Toptal Scholarship<\/td><td>Toptal Scholarship for Women<\/td><td><a href=\"https:\/\/www.toptal.com\/scholarships-for-women\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Toptal Scholarship<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n\n\n\n\n\n<blockquote class=\"wp-block-quote\"><p>A good GMAT score can significantly increase your chances of securing an MBA Scholarship\/Fellowship at your target business schools. <a href=\"https:\/\/e-gmat.com\/blogs\/gmat-740-mba-scholarships-worth-180000-dollars-admit-to-kellogg-success-story\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Prawee secured scholarships of $180,000<\/a> cumulatively with a <strong>740 GMAT score<\/strong>. Kick-start your GMAT preparation by<em><strong><a href=\"https:\/\/e-gmat.com\/free-trial-registration\/?channel=blogsin_article&amp;utm_source=blogs&amp;utm_medium=in_article&amp;utm_campaign=free_trial&amp;utm_content=about_the_gmat&amp;utm_term=blogs_in_article\" target=\"_blank\" rel=\"noopener noreferrer external\" data-wpel-link=\"external\">\u00a0signing up for our Free Trial.\u00a0We can also help you with a personalized study plan and give you\u00a0access to quality online content<\/a>\u00a0to prepare. Write to us at\u00a0<a href=\"mailto:acethegmat@e-gmat.com\" target=\"_blank\" rel=\"noopener noreferrer\">acethegmat@e-gmat.com<\/a>. We are the\u00a0<a href=\"https:\/\/gmatclub.com\/reviews\/e-gmat-6\" target=\"_blank\" rel=\"noopener noreferrer external\" data-wpel-link=\"external\">most reviewed GMAT prep company on <\/a>GMATClub\u00a0with more than 2490 reviews (as on Dec 23, 2022).\u00a0<\/strong><\/em><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>An MBA is a significant investment in yourself and your future and MBA scholarships can significantly help in easing the financial burden of attending a top MBA program.&nbsp;In this article, we cover scholarships and other forms of financial aid that help Indian and other international students pursue their dream MBA programs at the top business [&hellip;]<\/p>\n","protected":false},"author":79663,"featured_media":23086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"<p>An MBA is a significant investment in yourself and your future and an MBA scholarships can significantly help in easing the financial burden of attending a top MBA program.<\/p><p>In this article, we cover scholarships and other forms of financial aid that help Indian and other international students pursue their dream MBA programs at the top business schools around the world. Here is a brief outline of this article:<\/p><ul><li><a href=\"#types\">Types of MBA scholarships<\/a><\/li><li><a href=\"#other\">Other forms of financial aid available to Indian and International Students<\/a><\/li><li><a href=\"#research\">How to research MBA scholarships?<\/a><\/li><li><a href=\"#apply\">How to apply for MBA Scholarships?<\/a><\/li><li><a href=\"#list\">List of MBA Scholarships<\/a><\/li><\/ul><h2 id=\"types\">Types of MBA Scholarships<\/h2><p>Following are the different forms of MBA scholarships and other forms of financial aid offered to Indian, international and other students at business schools:<\/p><ol><li>Merit-Based Scholarships<\/li><li>Need-Based Scholarships<\/li><li>Diversity and Gender-based Scholarships<\/li><li>External Scholarships<\/li><\/ol><h3>Merit-Based MBA Scholarships<\/h3><p>Merit-based scholarships are generally offered to students with outstanding academic performance based on undergraduate GPA, standardized test scores or exceptional professional achievement. Merit-based MBA scholarships are also offered to students who show demonstrated commitment and service to the community.<\/p><p>A few merit-based scholarships offered by top business schools are:<\/p><ul><li><a href=\"https:\/\/www.kellogg.northwestern.edu\/programs\/full-time-mba\/tuition-financial-aid\/scholarships.aspx\">Kellogg Scholarship<\/a> (Kellogg School of Management)<\/li><li><a href=\"https:\/\/mba.haas.berkeley.edu\/admissions\/scholarships\"> Tahir Fellowship<\/a> (UC Berkeley Haas School of Business)<\/li><li><a href=\"https:\/\/www.chicagobooth.edu\/programs\/full-time\/admissions\/scholarships\">George J. Stigler Fellowship<\/a> (Chicago Booth School of Business)<\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/bk-birla-scholarship-london-business-school\/\">B.K. Birla MBA Scholarship<\/a> (London Business School)<\/li><\/ul><h3>Need-Based MBA Scholarships\/Fellowships<\/h3><p>A few top business schools such as Harvard and Stanford provide only need-based scholarships and fellowships to students who have received an admit. At Harvard Business School need is determined based on the candidate\u2019s income from the last 3 years, along with any other assets.<\/p><p>At Stanford Graduate School of Business need is defined as:<\/p><p>Stanford GSB offers the following full-tuition fellowships to students with specific backgrounds:<\/p><ol><li><a href=\"https:\/\/www.gsb.stanford.edu\/programs\/mba\/financial-aid\/types-aid\">Charles P. Bonini Partnership for Diversity Fellowship<\/a><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/stanford-reliance-dhirubhai-fellowship-3-indians-get-1-crore-each-to-study-at-stanford-gsb\/\">Stanford Reliance Dhirubhai Fellowship<\/a><\/li><\/ol><h3>Diversity & Gender-based MBA Scholarships<\/h3><p>Diversity and Gender-based MBA scholarships help promote diversity in the student body of MBA programs. These scholarships help increase representation and advance the interests of traditionally underrepresented communities in MBA programs.<\/p><p>Some examples of diversity-based MBA scholarships are:<\/p><ul><li><a href=\"http:\/\/www.fortefoundation.org\/site\/PageServer?pagename=mba_fellows\">Fort\u00e9 MBA Fellowships for Women<\/a><\/li><li><a href=\"https:\/\/www.reachingoutmba.org\/lgbtmbafellowship\">Reaching Out LGBTQ MBA Fellowship<\/a><\/li><li><a href=\"https:\/\/cgsm.org\/\">Consortium for Graduate Study in Management<\/a><\/li><\/ul><h3>External MBA Scholarships<\/h3><p>Many organizations that traditionally employ MBA graduates also offer MBA scholarships to students. Apart from the financial awards such scholarships also provide access to resources such as special programming and access to networking and recruiting resources.<\/p><p>Some examples of External MBA scholarships are:<\/p><ul><li><a href=\"https:\/\/www.mckinsey.com\/careers\/students\/emerging-scholars-program\/overview\">McKinsey Emerging Scholars Program<\/a><\/li><li><a href=\"https:\/\/www.chicagobooth.edu\/programs\/full-time\/admissions\/scholarships\">Khosla Booth Private Equity Fellowship<\/a><\/li><li><a href=\"https:\/\/www.orbismbafellowship.com\/\">Orbis Investment Management MBA Fellowship<\/a><\/li><\/ul><p>External MBA Scholarships are also offered by several non-profit and charitable organizations such as:<\/p><ul><li><a href=\"https:\/\/www.akdn.org\/our-agencies\/aga-khan-foundation\/international-scholarship-programme\">The Aga Khan Foundation<\/a><\/li><li><a href=\"https:\/\/www.kcmet.org\/index.aspx\">KC Mahindra Education Trust<\/a><\/li><\/ul><h2 id=\"other\">Other Forms of Financial Aid<\/h2><p>Besides MBA scholarships, there are several other forms of financial aid available to both Indian and International students to help with financing their MBA program costs. Other popular forms of financial aid include:<\/p><ul><li>Teaching Assistantships\/Research Assistantships<\/li><li>Loans<\/li><\/ul><h3>Research and Teaching Assistantships<\/h3><p>Assistantships are a way of financially assisting your educational expenses by working in part-time positions within the university. Depending on the type of assistantship you may either be offered a monthly stipend and sometimes a reduction in the tuition amount.<\/p><p>Teaching assistantships involve assisting a professor in administrative or teaching tasks such as grading assignments, conducting office hours, etc. Teaching assistants generally help professors with undergraduate or in some cases graduate-level courses.<\/p><p>Research assistantships involve assisting members of the faculty with a research project. The nature of work depends on the specific research project.<\/p><h3>Financing Business School through Loans<\/h3><p>There are many different types of loan options available to international students to finance their business school education. Apart from traditional loans which generally require a co-signer or collateral organizations such as <a href=\"https:\/\/prodigyfinance.com\/\">Prodigy Finance<\/a> provide collateral-free loans without the need of a co-signer.<\/p><h2 id=\"research\">How to research MBA scholarships?<\/h2><p>The best place to start your MBA scholarship research is generally the business schools program website. There is generally a dedicated section which deals with the various aspects of financing your MBA. At the end of the article, we have provided links to the MBA scholarship and financing options available at some of the top business schools.<\/p><h2 id=\"apply\">How to apply for an MBA Scholarship?<\/h2><p>Depending on the type, there may be several different ways to apply for MBA scholarships. \u00a0Most merit-based and need-based MBA scholarships do not require an additional application and you are automatically considered for them once you submit your business school application.<\/p><p>However, certain fellowships such as the <a href=\"https:\/\/e-gmat.com\/blogs\/stanford-reliance-dhirubhai-fellowship-3-indians-get-1-crore-each-to-study-at-stanford-gsb\/\">Stanford Reliance Dhirubhai Fellowship<\/a> has its own competitive selection process and require an additional application. Regardless of the type of MBA scholarship or fellowship, the following tips will help you in securing MBA Scholarships:<\/p><ol><li>Apply early to your target programs<\/li><li>Research about MBA Scholarship\/Fellowship options available<\/li><li>Prepare and send additional application material if required<\/li><\/ol><h2 id=\"list\">List of MBA Scholarships for Indian and International Students at Top Business Schools<\/h2><p>Following is a list of MBA scholarships and fellowships available for Indian and international students at the top business schools:<\/p><p>[two_third]<\/p><table width=\"1147\"><tbody><tr><td width=\"388\">Business School\/Organization<\/td><td width=\"531\">Scholarship\/Fellowship Name<\/td><td width=\"228\">Link<\/td><\/tr><tr><td>INSEAD<\/td><td>Multiple<\/td><td><a href=\"https:\/\/sites.insead.edu\/mba\/schlmgmt\/index.cfm\">INSEAD MBA Scholarships<\/a><\/td><\/tr><tr><td>Chicago Booth<\/td><td>Multiple<\/td><td><a href=\"https:\/\/www.chicagobooth.edu\/programs\/full-time\/admissions\/scholarships\">Chicago Booth MBA Scholarships<\/a><\/td><\/tr><tr><td>Wharton<\/td><td>Multiple<\/td><td><a href=\"https:\/\/mba.wharton.upenn.edu\/tuition-financial-aid\/\">Wharton MBA Scholarships<\/a><\/td><\/tr><tr><td>Stanford GSB<\/td><td width=\"531\">Stanford Reliance Dhirubhai Fellowship<br \/> Charles P. Boninin Partnership for Diversity Fellowship<br \/> Knight Hennessy Scholars Program<\/td><td><a href=\"https:\/\/www.gsb.stanford.edu\/programs\/mba\/financial-aid\/types-aid\">Stanford MBA Scholarships<\/a><\/td><\/tr><tr><td>Northwestern Kellogg<\/td><td>Multiple<\/td><td><a href=\"https:\/\/www.kellogg.northwestern.edu\/programs\/full-time-mba\/tuition-financial-aid\/scholarships.aspx\">Kellogg MBA Scholarships<\/a><\/td><\/tr><tr><td>UCLA Anderson School of Business<\/td><td>Multiple<\/td><td><a href=\"https:\/\/www.anderson.ucla.edu\/degrees\/full-time-mba\/financing\/financing-opportunities\">UCLA Anderson Scholarships<\/a><\/td><\/tr><tr><td>MIT Sloan<\/td><td>Multiple<\/td><td><a href=\"https:\/\/mitsloan.mit.edu\/mba\/admissions\/tuition-and-financial-aid\/fellowships\">MIT Sloan MBA Scholarships<\/a><\/td><\/tr><tr><td>Harvard Business School<\/td><td>Multiple<\/td><td><a href=\"https:\/\/www.hbs.edu\/mba\/financial-aid\/tuition-assistance\/additional-harvard-fellowships\/Pages\/default.aspx\">Harvard MBA Scholarships<\/a><\/td><\/tr><tr><td>Berkeley Haas<\/td><td>Multiple<\/td><td><a href=\"https:\/\/mba.haas.berkeley.edu\/admissions\/scholarships\">Berkeley Haas MBA Scholarships<\/a><\/td><\/tr><tr><td>McCombs School of Business<\/td><td>Multiple<\/td><td><a href=\"https:\/\/www.mccombs.utexas.edu\/MBA\/Full-Time\/Tuition-and-Financial-Aid\">McCombs MBA Scholarships<\/a><\/td><\/tr><tr><td>Rice Jones Graduates School of Business<\/td><td>Multiple<\/td><td><a href=\"https:\/\/www.mccombs.utexas.edu\/MBA\/Full-Time\/Tuition-and-Financial-Aid\">Rice MBA Scholarships<\/a><\/td><\/tr><tr><td>Virginia Darden School of Business<\/td><td>Multiple<\/td><td><a href=\"https:\/\/www.darden.virginia.edu\/mba\/financial-aid\/scholarships\/\">Darden MBA Scholarships<\/a><\/td><\/tr><tr><td>Dartmouth Tuck<\/td><td>Multiple<\/td><td><a href=\"https:\/\/www.tuck.dartmouth.edu\/admissions\/finance-your-degree\/scholarships-fellowships-sponsorships\">Tuck MBA Scholarships<\/a><\/td><\/tr><tr><td>London Business School<\/td><td>BK Birla LBS Scholarship and more<\/td><td><a href=\"https:\/\/www.london.edu\/masters-degrees\/mba\/fees-financing-and-scholarships\">LBS MBA Scholarship<\/a><\/td><\/tr><tr><td>Oxford Sa\u00efd Business School<\/td><td>Multiple<\/td><td><a href=\"https:\/\/www.sbs.ox.ac.uk\/oxford-experience\/scholarships-and-funding\">Oxford Sa\u00efd MBA Scholarships<\/a><\/td><\/tr><tr><td>Oxford & Cambridge Society of India<\/td><td>OCSI Scholarship for Indian Students to study at Oxford or Cambridge<\/td><td><a href=\"http:\/\/www.oxbridgeindia.com\/scholarships\/ocsi-scholarship-guidelines\/\">OCSI Scholarship<\/a><\/td><\/tr><tr><td>Toptal Scholarship<\/td><td>Toptal Scholarship for Women<\/td><td><a href=\"https:\/\/www.toptal.com\/scholarships-for-women\">Toptal Scholarship<\/a><\/td><\/tr><\/tbody><\/table><p>[one_third_last][\/one_third_last][\/two_third]<\/p>","_et_gb_content_width":"","ub_ctt_via":""},"categories":[113,11712],"tags":[],"featured_image_src":"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/07\/MBA-Scholarships-for-Indian-International-Students.jpg","author_info":{"display_name":"Juhi Gupta","author_link":"https:\/\/e-gmat.com\/blogs\/author\/juhie-gmat-com\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.1.1 (Yoast SEO v17.1) - 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