August 9, 2022

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Scholarships for MBA college students | ZDNet

Klaus Vedfelt/DigitalVision/Getty Pictures Many college students take out loans to get pleasure from the advantages...
A black college student raises her hand in a classroom.

Klaus Vedfelt/DigitalVision/Getty Pictures

Many college students take out loans to get pleasure from the advantages of a grasp’s diploma. The grasp of enterprise administration (MBA) is likely one of the hottest levels. In June 2022, Payscale reported a median wage of $92,000 for MBA graduates. 

Nevertheless, the entire nationwide scholar mortgage debt continues to extend annually. In keeping with the Schooling Information Initiative, over half of grasp’s diploma holders owe a median of $70,000. 

People can get pleasure from that profitable wage with out substantial scholar debt. Different monetary assist choices exist — like scholarships. 

Begin your scholarship search with our lists beneath. You may discover tutorial, id, and need-based MBA scholarships. Although the 2022 deadlines for some have handed, we selected common packages more likely to open for brand spanking new candidates in 2023.

For further monetary assist sources, test your state authorities’s web site. You may also contemplate federal assist or normal scholarships. 

Basic MBA scholarships

The most typical MBA scholarships embrace want and merit-based awards. Some choices beneath require a selected MBA focus. Different scholarship packages settle for candidates from numerous diploma packages.  


SEE: What MBA ought to I get? Selecting your MBA focus


Affiliation of Licensed Fraud Examiners Ritchie-Jennings Memorial Scholarship

Quantity: $1,000-$10,000
Deadline: February 6, 2023 (utility opens September 15, 2022)
Eligibility limitations: Full-time graduate scholar finding out enterprise administration, felony justice, finance, or accounting; taking at the very least six credit score hours; enrolled by 2024; thinking about an anti-fraud profession

About: Candidates should present curiosity in fraud examination. They’ll share profession targets, extracurricular actions, or fraud-related pursuits. College students submit transcripts and suggestion letters with the net utility.

Apply now

Affiliation of Insurance coverage Compliance Professionals (AICP) scholarships 

Quantity: $2,000
Deadline: June 2023
Eligibility limitations: Undergraduate/graduate scholar with a declared main in threat administration, finance, economics, administration, actuarial science, math, statistics, or enterprise; 3.0 minimal GPA; accomplished two years of full-time school coursework

About: The AICP requests transcripts and a suggestion letter. Candidates should additionally write about their plans within the insurance coverage discipline. Different utility supplies embrace an outline of extracurricular and tutorial achievements. 

Apply now 

Authorities Finance Officers Affiliation (GFOA) Goldberg-Miller Public Finance Scholarship 

Quantity: $20,000 
Deadline: Utility opens fall 2022
Eligibility limitations: Full-time graduate scholar; plans to pursue a profession in native or state authorities finance

About: Candidates submit suggestion letters and transcripts. They have to present a connection between their research and a future in authorities finance.

Apply now 

GFOA Authorities Finance Skilled Growth Scholarship 

Quantity: $10,000
Deadline: Utility opens fall 2022
Eligibility limitations: Half-time graduate scholar finding out enterprise administration, finance, accounting, economics, or public administration; centered on authorities; two years of labor expertise with the native or state authorities

About: GFOA awards 4 scholarships. College students should present transcripts and proof of labor expertise. They need to submit suggestion letters from an employer and somebody who can verify their dedication to the general public sector.

Apply now 

Mary Elizabeth Lockwood Beneventi MBA Scholarship 

Quantity: $2,000
Deadline: January 31, 2023
Eligibility limitations: Full-time MBA scholar; 3.25 minimal GPA

About: College students full a web based utility kind by the Nationwide Society Daughters of the American Revolution. Whereas not required, candidates can embrace GRE scores with their transcripts. The scholarship is a one-time award, however recipients can reapply annually.

Apply now 

Id-based MBA scholarships

Many scholarships serve college students with a selected id. The next listing consists of identity-based scholarships that profit particular teams. 

Affiliation of Latino Professionals for America (ALPFA) scholarships

Quantity: Varies
Deadline: Could 2023
Eligibility limitations: ALPFA premium member; full-time undergraduate/graduate scholar; 3.0 minimal GPA; any main

About: ALPFA scholarships quantity fluctuate. Donors embrace Financial institution of America and Deloitte. Candidates should submit a web based utility and essays. Scholarships sponsored by people could require further utility supplies.

Apply now 

The Consortium fellowship

Quantity: Full tuition and costs
Deadline: October 15, 2022 (early utility); January 5, 2023 (conventional utility)
Eligibility limitations: U.S. residents with a four-year bachelor’s diploma; any race or ethnicity, however dedicated to growing illustration of Native People, African People, and Hispanic People in MBA levels and administration positions

About: The Consortium permits college students to use to 6 MBA packages directly. Upon acceptance, The Consortium considers candidates for membership and full tuition advantages. 

Apply now 

GFOA Minorities in Authorities Finance Scholarship 

Quantity: $10,000
Deadline: Utility opens fall 2022
Eligibility limitations: Minority scholar finding out enterprise administration, accounting, public administration, political science, finance, or economics; centered on nonprofit or authorities administration

About: Candidates should submit transcripts displaying glorious tutorial efficiency. Additionally they want a suggestion letter that proves their dedication to public authorities.

Apply now 

Army MBA Benefit Scholarship

Quantity: $20,000
Deadline: June 30, 2022
Eligibility limitations: U.S. resident who has served within the navy; has a bachelor’s diploma; attending member faculty; pursuing graduate enterprise diploma 

About: Candidates fill out a web based utility and write three quick essays. They submit transcripts and two suggestion letters from the navy. 

Apply now 

Nationwide Black MBA Affiliation (NBMBAA) Graduate Scholarship Program

Quantity: As much as $5,000
Deadline: Could 15, 2022
Eligibility limitations: Financially lively NBMBAA member; full-time MBA scholar; 3.0 minimal GPA; participates in group service

About: The NBMBAA appears for candidates with management potential who serve their communities. Candidates should show tutorial excellence. They submit a web based utility, resume, and essay.

Apply now 

PPG Basis scholarship by the NBMBAA 

Quantity: $9,000
Deadline: July 31, 2022
Eligibility limitations: Energetic NBMBAA member; 3.0 minimal GPA; full-time grasp’s diploma scholar; MBA focus in provide chain administration or knowledge science; lively locally

About: PPG awards two scholarships to college students. Recipients reveal tutorial excellence and group involvement. College students full a web based utility. They have to present their expertise with knowledge science or provide chain administration.

Apply now 

Reaching Out MBA LGBTQ fellowship 

Quantity: $20,000; free registration for Reaching Out {and professional} growth occasions
Deadline: Varies
Eligibility limitations: LGBTQ+ people and allies; attending or planning to attend a ROMBA Fellowship faculty; MBA college students or candidates

About: College students should be nominated by their faculty. Whereas they can not apply immediately, they will fill out a web based kind expressing curiosity in turning into a fellow. People should present tutorial excellence and keenness for main the LGBTQ+ group.

Apply now 

MBA scholarships for ladies

Solely 7.4% of Fortune 1000 firms have feminine CEOs. A number of organizations goal to extend feminine presence in enterprise by providing identity-based MBA scholarships particularly for ladies. 

American Affiliation of College Girls (AAUW) focus professions group fellowships 

Quantity: $5,000-$18,000
Deadline: December 1, 2022 (utility opens August 1, 2022)
Eligibility limitations: Lady of coloration pursuing an MBA, legislation diploma, or doctorate in medication; full-time scholar; identifies as Black/African American, Native American/Alaska Native, Asian American/Pacific Islander, or Latina

About: Candidates should show tutorial excellence and monetary want. They submit a proposal explaining why they wish to pursue their diploma and the way they’ll use it to advance girls. AAUW additionally requests transcripts and suggestion letters. 

Apply now 

Forté MBA fellowships

Quantity: Varies
Deadline: Varies
Eligibility limitations: Lady MBA diploma candidate; finding out at a associate faculty; dedicated to advancing girls; distinctive management abilities  

About: The associate establishments choose Forté fellows. Recipients get pleasure from conferences, mentoring, and networking alternatives. Every fellow should act as a Forté ambassador at her faculty and promote the development of ladies in enterprise. 

Apply now

Zonta Worldwide Jane M. Klausman Girls in Enterprise Scholarship

Quantity: $5,000
Deadline: Varies — usually between April and June
Eligibility limitations: Lady finding out a enterprise program with an authorised specialization; undergraduate (no first-year candidates) or graduate scholar; research or lives in a Zonta district/area

About: College students apply immediately by their native Zonta membership. Every membership then nominates one candidate for the 37 obtainable worldwide scholarships. 

Apply now 

MBA scholarships for worldwide college students

As a global MBA scholar, you may apply for numerous scholarships by governmental companies or firms. The next choices supply full or partial funding. 

Needless to say some scholarships have residential restrictions.

Aga Khan Growth Community (AKDN) Worldwide Scholarship Program

Quantity: Tuition and dwelling bills (50% grant, 50% mortgage)
Deadline: March 2023 (actual dates fluctuate by nation); utility opens January 2023
Eligibility limitations: Nationals of Afghanistan, Bangladesh, Egypt, India, Kenya, Kyrgyzstan, Madagascar, Mozambique, Pakistan, Syria, Tajikistan, Tanzania, or Uganda; tutorial excellence

About: Candidates should present potential for achievement in a overseas program. Additionally they submit their profession targets. College students’ plans and research ought to align with one in every of AKDN’s focus areas. Two examples embrace monetary inclusion and enterprise growth.

Apply now

Fulbright overseas scholar program

Quantity: Varies
Deadline: Varies
Eligibility limitations: Varies

About: Every nation manages the Fulbright scholarship in another way. College students choose their nation on the Fulbright web site for utility particulars. In some nations, the applying is out there by the U.S. embassy web site.

Apply now 


READ THIS: Is an MBA price it?


MPOWER MBA scholarship

Quantity: $2,000 or $10,000
Deadline: July 15, 2022
Eligibility limitations: Full-time MBA scholar at an MPOWER associate faculty; has legitimate U.S. visa or is a DACA recipient; not a U.S. citizen

About: Worldwide college students full a easy on-line utility. They write one essay about their profession targets. MPOWER appears for budding leaders and entrepreneurs with mastery of English. 

Apply now

Onsi Sawiris scholarship program from Orascom Construction

Quantity: Full tuition, journey, dwelling bills, medical health insurance, and supplies
Deadline: July 31, 2022
Eligibility limitations: Potential Egyptian graduate scholar at authorised U.S. college; finding out enterprise administration, development administration, or engineering; 3 years minimal work expertise; 650 minimal GMAT rating; 100 minimal TOEFL iBT rating; 3.5 minimal GPA

About: Orascom Building appears for candidates who haven’t spent an prolonged time overseas and who want to return to Egypt. Candidates submit take a look at scores, suggestion letters, and a resume. 

Apply now 

Philanthropic Instructional Group (PEO) Worldwide Peace Scholarship 

Quantity: As much as $12,500
Deadline: March 1, 2023 (enrolled graduate college students); April 1, 2023 (college students not but enrolled)
Eligibility limitations: Lady from exterior the U.S. and Canada seeking to research inside the U.S. or Canada; has at the very least one 12 months left of research

About: The PEO determines scholarship quantity primarily based on monetary want. College students ought to embrace proof of monetary want. They have to additionally present how they’ll use their training to advertise international peace.

Apply now

In conclusion

An MBA could open doorways to profitable administration and govt positions. For those who want to get pleasure from the advantages of an MBA with out important debt, contemplate the MBA scholarships above. 

Overview the eligibility necessities and choose the scholarships that swimsuit you. Begin your functions early. Guarantee you’ve gotten all the required supplies, together with suggestion letters and essays.