A top-ranked MBA program within the USA can price a staggering $200,000, posing a major problem for budget-conscious candidates. Enterprise faculties acknowledge that monetary help could be a decisive issue of their determination to enrol. A number of MBA applications provide scholarships as an incentive to draw candidates with distinctive profiles
These scholarships assist offset the prices concerned, making these applications extra accessible and interesting to many high-caliber college students who could in any other case hesitate from making use of to those applications because of the prohibitive prices concerned.
This helps MBA applications attract and retain prime expertise contributing to a high-quality cohort, rigorous tutorial atmosphere, richer classroom discussions and a robust alumni community thus elevating its status, competitiveness which finally influences the rankings of the MBA program.
Getting a full-tuition scholarship from a reputed MBA program could be a dream come true for a lot of particularly for these with monetary constraints. These scholarships may very well be need-based or merit-based. Nevertheless, these might be fairly troublesome to acquire contemplating the fierce competitors concerned in bagging such alternatives.
On this article, now we have short-listed a number of the well-known MBA applications that supply a full-tuition scholarship and how one can enhance your possibilities of securing one.
Needless to say that is solely a consultant record. We’ve helped many candidates get into different faculties with scholarships too. Take a look at a few of these MBA scholarship success tales.
10 MBA applications that supply full-tuition scholarships
1. Harvard Enterprise College (HBS)
With an MBA monetary help finances exceeding $45M, HBS has ramped up its effort to make its MBA program extra accessible, particularly to college students from center revenue backgrounds. Round 10% of the category receives scholarships that cowl tuition and course charges.
As well as, round 50% of the scholars are awarded need-based scholarships with quantities starting from just a few thousand {dollars} to greater than $60,00 a yr, the common scholarship quantity being was $42,000 per yr ($84,000 for two years)
2. Columbia Enterprise College (CBS)
For college students with distinctive profiles, CBS presents full and partial tuition fellowships primarily based on varied standards that embody tutorial excellence, skilled expertise, geographic and private background.
Candidates ought to apply in Spherical 1 or Spherical 2 to enhance their possibilities of receiving these merit-based fellowships. No separate utility is required. College students with an August-entry solely could be thought of within the first yr.
3. NYU Stern
Round 20-25% of these admitted within the 2-year MBA program obtain advantage scholarships that cowl half or full tuition quantity.
High scholarships embody the Dean’s scholarship and Named School scholarship that cowl full-tuition and costs. Scholarships are awarded throughout admissions and no extra utility is required.
Learn extra: NYU Stern College of Enterprise with $60,000 scholarship in Spherical 3
4. Michigan – Ross
The MBA program presents over 200 advantage scholarships with presents starting from $10,000 to the full-tuition quantity. No extra utility is required for being thought of.
High scholarships embody the Dean’s Fellows program and Dean’s Affect Scholarship which covers the total tuition with the latter awarding an annual stipend as properly.
5. Oxford – Mentioned
In the event you’re UK as your MBA vacation spot, the Oxford MBA has just a few good scholarship awards that you could be be occupied with.
The Oxford-Pershing Sq. Graduate Scholarships presents 5 full awards overlaying each the Grasp’s and the MBA levels whereas the Laidlaw Scholarships for the Oxford MBA (for feminine candidates) gives eight full and two half-fee scholarships.
The Weidenfeld-Hoffmann Scholarships and Management Programme that provides a fully-funded MBA is open to professionals from creating and rising economies. Recipients are anticipated to return to their nation of atypical residence after MBA completion.
6. Vanderbilt – Owen
The college’s signature scholarship program, the Dean’s Students Award Program presents full-tuition scholarship to incoming MBA college students with robust profiles, taking into consideration each tutorial {and professional} achievements together with management potential, communication and interpersonal expertise.
Those that want to take part would require to finish an extra essay and apply early in spherical 1 or spherical 2.
7. College of Florida – Warrington
The MBA program with a small and intimate cohort of 58 presents a scholarship mannequin that may cowl as much as 100% of tuition and costs.
Scholarships are awarded to aggressive college students primarily based on their skilled work expertise and different accomplishments, GMAT rating, GPA and management expertise. No extra utility is required to be thought of for scholarships.
8. Rice – Jones
At Rice Enterprise, all full-time MBA candidates are thought of for scholarship awards which vary from $5,000 as much as the total price of this system. 89% of the category receives scholarships with a complete scholarship award of over $5.26 million.
Faculties consider candidates holistically throughout parameters together with tutorial excellence, profession development, private strengths and neighborhood involvement. All candidates are thought of for scholarships; no extra utility is required to be submitted.
9. Indiana – Kelley
At Kelley, greater than 90% of the MBA class receives scholarship awards starting from $15,000 to full tuition. No separate utility is required. Selections are made taking into consideration varied elements together with lecturers, check rating (GMAT/GRE), skilled expertise and energy of utility.
The Dean’s Fellowships awards 2 years of all the tuition quantity. Recipients have to need to excel in areas together with work expertise, check scores, GPA, management potential, and admissions interview.
The Kelley College of Enterprise Benefit Fellowship ranges from $15,000 to a full-tuition fellowship award per tutorial yr and is awarded to college students primarily based on their tutorial expertise and management skills.
You might be occupied with: How Abinesh acquired a free MBA from USA
10. Georgia – Terry
At Terry, as much as 90% of the two-year MBA class receives a graduate assistantship. College students must put in 13 hours of labor on the Terry School of Enterprise.
These college students need to pay a minimal tuition payment of $50 a yr. As well as, every pupil would additionally obtain an annual assistantship stipend of round $11,172 for 10 months.
Additionally learn: The way to ask the faculty for extra scholarship: Monetary help negotiation ideas
– Greatest ISB consulting story | CA will get into ISB with full scholarship (100% tuition waiver)
As talked about earlier, this isn’t an exhaustive record; scholarships together with full-tuition are supplied by many MBA applications, we’ve listed down those which supply extra full-tuition funding alternatives.
How can I enhance my possibilities of receiving a scholarship?
Apply early. A lot of the awards are made in spherical 1 and spherical 2, when the funds are extra available. Attempt to apply in spherical 1 itself to maximise your scholarship possibilities.
Whereas a robust tutorial document and stable GRE/GMAT scores are undoubtedly essential, what can actually set you aside are compelling essays that showcase your management achievements, private strengths, extracurriculars and the distinctive contributions you possibly can deliver to the MBA neighborhood.
You should utilize your MBA essays to not solely show your potential as a pupil but additionally as a future chief — qualities that faculty scholarship committees are actively on the lookout for.
Our group at MBA Crystal Ball has helped hundreds of candidates put in a robust utility and safe MBA scholarships. In the event you need assistance together with your utility, attain out to us at information@mbacrystalball.com
Additionally learn:
– Record of Masters Scholarships for Worldwide College students
– MBA scholarship statistics reveal prize cash getting greater in admissions recreation
– Larger Schooling Scholarships for Worldwide College students
– Low GRE scorer will get MBA admit with full scholarship price $125,000 after 15 rejections
– MBA Scholarships for Girls at High Enterprise Faculties within the World
– Record of MBA Scholarships for Indian college students