10 Scholarship Opportunities for MBA Students Abroad

In recent times there is a huge demand for MBA degrees globally, the cost of getting a MBA degree will be a big obstacle for a lot of individuals willing to get a degree. With scholarship it is easier to fund your education and increases the success rate of getting a MBA degree abroad. In this article, we will explore scholarship opportunities available for MBA students, including the types of scholarships, major organizations and foundations that offer scholarships, Full Scholarships for MBA Abroad, Country-Specific Scholarships for MBA Abroad, MBA Programs with High Scholarship Opportunities and tips for applying.

Types of Scholarships for MBA Abroad

There are so many types of scholarships for MBA students, these scholarships include merit-based, need-based, and diversity-based scholarships. Merit-based scholarships is a type of scholarship that is awarded based on the students academic performance, while need-based scholarship is usually awarded to students based on the student’s financial need and finally we have the diversity-based scholarships , these types of scholarships are usually awarded to students from disadvantaged backgrounds to promote diversity in education.

There are a lot of scholarships for MBA students, awarded by organizations and foundations and some of the most well-known scholarship include the Fulbright Program, the Rotary Foundation, the Gates Cambridge Scholarship, and the Chevening Scholarship. These organizations offer scholarships to students from different countries and backgrounds, and the application requirements vary depending on the scholarship.

10 Major Organizations and Foundations that Offer MBA Scholarships Abroad

1. The Fulbright Program

The Fulbright Program is a highly competitive scholarship opportunity for graduate students, including MBA students, to study in the United States. The scholarship covers tuition fees, living expenses, and round-trip airfare. Applicants must have a strong academic record, proficiency in English, and demonstrate leadership potential. The application deadline for the Fulbright Program varies by country.

2. The Knight-Hennessy Scholars Program

The Knight-Hennessy Scholars Program is a full scholarship opportunity for MBA students to study at Stanford University. The scholarship covers tuition fees, living expenses, and a travel stipend. Applicants must have a strong academic record, leadership potential, and demonstrate a commitment to addressing global challenges. The application deadline for the Knight-Hennessy Scholars Program is to be announced Spring 2023.

3. The Canada Graduate Scholarships-Master’s Program

The Canada Graduate Scholarships-Master’s Program is a scholarship opportunity for international students, including MBA students, to study in Canada. The scholarship covers tuition fees, living expenses, and provides a travel allowance. Applicants must be enrolled in a full-time graduate program and maintain a high academic standing. The application deadline for the Canada Graduate Scholarships-Master’s Program varies by university but most application deadline is dated for December 1, 2023.

4. The INSEAD Diversity Scholarships

The INSEAD Diversity Scholarships are a scholarship opportunity for MBA students at the INSEAD Business School. The scholarship covers up to 50% of tuition fees. Applicants must demonstrate a commitment to promoting diversity and inclusion and have a strong academic record. The application deadline for the INSEAD Diversity Scholarships varies by intake.

5. The Commonwealth Scholarship and Fellowship Plan

The Commonwealth Scholarship and Fellowship Plan is a scholarship opportunity for citizens of Commonwealth countries to study in another Commonwealth country. The scholarship covers tuition fees, living expenses, and provides a travel allowance. Applicants must have a strong academic record, be citizens of a Commonwealth country, and demonstrate leadership potential. The application deadline for the Commonwealth Scholarship and Fellowship Plan varies by country.

6. The Erasmus Mundus Joint Master Degrees

The Erasmus Mundus Joint Master Degrees is a scholarship opportunity for international students, including MBA students, to study in Europe. The scholarship covers tuition fees, living expenses, and provides a travel allowance. Applicants must have a strong academic record and meet the specific requirements of the joint master degree program. The application deadline for the Erasmus Mundus Joint Master Degrees varies by program.

7. The Chevening Scholarships

The Chevening Scholarships are a scholarship opportunity for international students, including MBA students, to study in the UK. The scholarship covers tuition fees, living expenses, and provides a travel allowance. Applicants must have a strong academic record, leadership potential, and demonstrate a commitment to their home country. The application deadline for the Chevening Scholarships is November 2, 2023.

8. The Rotary Peace Fellowship

The Rotary Peace Fellowship is a scholarship opportunity for MBA students to study at one of six Rotary Peace Centers around the world. The scholarship covers tuition fees, living expenses, and provides a travel allowance. Applicants must have a strong academic record, leadership potential, and demonstrate a commitment to peace and conflict resolution. The application deadline for the Rotary Peace Fellowship varies by center.

9. MBA Scholarships at the University of Cambridge

The University of Cambridge is one of the most prestigious universities in the world. The university offers a range of MBA scholarships to outstanding students from around the world. The scholarships cover tuition fees and living expenses.

10. HEC Paris MBA Scholarships

HEC Paris is one of the top business schools in Europe. The school offers a range of MBA scholarships to international students. The scholarships are based on academic excellence, financial need, and diversity. The scholarships cover tuition fees and living expenses.

11. IMD MBA Scholarships

IMD is a top-ranked business school located in Switzerland. The school offers a range of MBA scholarships to international students. The scholarships are based on academic merit, leadership potential, and financial need. The scholarships cover tuition fees and living expenses.

How to Apply for Scholarships for MBA Abroad

The application process for scholarships for MBA abroad varies depending on the scholarship. In general, students will need to provide academic transcripts, a personal statement, letters of recommendation, and sometimes standardized test scores like the GMAT or GRE. Some scholarships may also require additional documentation, such as a research proposal or a portfolio of work.

To increase your chances of receiving a scholarship, it’s essential to start early and research thoroughly. Many scholarship applications have strict deadlines, so it’s crucial to plan ahead and give yourself enough time to complete the application process. Researching the scholarship thoroughly can also help you understand the organization’s goals and tailor your application to their requirements.

Presenting a strong application is key to receiving a scholarship. This includes highlighting your achievements and experience, demonstrating your commitment to your field of study, and explaining how the scholarship will help you achieve your academic and career goals.

Full Scholarships for MBA Abroad

Full scholarships for MBA abroad are rare but not impossible to obtain. These scholarships cover the entire cost of tuition and sometimes provide additional funds for living expenses. Some examples of full scholarship opportunities available for MBA students include the Harvard Business School’s Dean’s Scholarship, the Stanford Graduate School of Business’ Stanford Africa MBA Fellowship, and the INSEAD MBA Scholarships for Africa, Asia, and the Middle East.

It’s important to note that full scholarships for MBA programs are highly competitive, and the application process is rigorous. Candidates need to demonstrate exceptional academic performance, leadership potential, and a commitment to their field of study.

Country-Specific Scholarships for MBA Abroad

Scholarship opportunities for MBA students vary depending on the country. In Canada, for example, the Government of Canada offers several scholarships for international students, including the Vanier Canada Graduate Scholarship and the Canadian Commonwealth Scholarship Program. Nigeria also has various scholarship opportunities for MBA students, such as the Federal Government Scholarship and the PTDF Overseas Scholarship Scheme.

In the USA, some scholarships available for MBA students include the Fulbright Program, the Gates Cambridge Scholarship, and the Knight Hennessy Scholars Program. In the UK, scholarships for MBA students are offered by organizations such as the Commonwealth Scholarship Commission and the British Council.

It’s essential to research country-specific requirements and application procedures thoroughly when applying for scholarships. For example, some scholarships may require proof of English proficiency or specific qualifications, and the application deadlines may vary depending on the scholarship and the country.

MBA Programs with High Scholarship Opportunities

Several MBA programs offer high scholarship opportunities to students. For example, the Harvard Business School offers the Dean’s Scholarship, which covers the full cost of tuition, and the Stanford Graduate School of Business offers the Stanford Africa MBA Fellowship, which covers the full cost of tuition and provides a living stipend.

Other MBA programs with high scholarship opportunities include the University of Pennsylvania’s Wharton School, the University of Chicago’s Booth School of Business, and the London Business School.

In conclusion, scholarship opportunities for MBA students are essential in making education more accessible and affordable. In this article, we discussed the different types of scholarships available for MBA students, including merit-based, need-based, and diversity-based scholarships. We also highlighted the application process and some tips for applicants.

We addressed the question of whether full scholarships for MBA abroad exist and provided examples of full scholarship opportunities available for MBA students. Additionally, we discussed scholarship opportunities available for MBA students in different countries and highlighted some country-specific requirements and application procedures.

Finally, we discussed some MBA programs that offer high scholarship opportunities to students, such as the Harvard Business School and the Stanford Graduate School of Business. We encourage readers to explore their scholarship options thoroughly, present a strong application, and make the most of the opportunities available to them.