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MBA Scholarship Abroad

MBA Scholarship Abroad – Eligibility, Application Process, Awards

by Shruti Pandey
Reading Time: 11 minutes

Obtaining MBA Scholarship Abroad plays a crucial role in funding the education of students who wish to join the top business schools in India or abroad to pursue a Master’s of Business Administration (MBA) programme. MBA, being a much-preferred professional degree programme among students, is also an expensive affair for many aspirants. To help many such students who come across financial constraints, various B-schools offer MBA scholarship abroad. Whether you want to attend a business school in India or abroad, you can find an MBA scholarship to meet your requirements.

Which are the top institutions that offer an MBA scholarship abroad? What are the eligibility conditions to be fulfilled by an applicant? How and when can a student apply for these scholarships? What kind of reward is associated with each MBA scholarship? Find an answer to all these questions in detail in this article. It highlights every significant information related to MBA scholarship abroad including its complete list, eligibility criteria, application process, rewards and more.Study Abroad College Admissions Login

MBA Scholarship Abroad – List of top MBA scholarships

Both Indian and international institutions offer MBA scholarship for deserving students. Some of the renowned providers in India include Capital First, the University of Petroleum & Energy Studies, and more. Furthermore, various international colleges include Stanford Business School, INSEAD Business School, ALBA Graduate Business School, Imperial College Business School and more. These are some prominent names. The complete list of MBA scholarships has been given here under. The table provides an exhaustive list of both Indian and international scholarships along with their tentative application timeline.

More study abroad options, visit the study abroad portal here.

Exhaustive List of MBA Scholarship

S.No. Name of the Scholarship Provider Name Application Timeline*
1. Capital First MBA Scholarships Capital First Between April and July
2. UPESMET MBA Scholarship, UPES University of Petroleum & Energy Studies (UPES) Between February and March
3. Harvard University-Boustany Foundation MBA Scholarship Boustany Foundation Between January and May
4. IUBH Online MBA Scholarships IUBH University of Applied Sciences Between March and June
5. UWE Bristol MBA scholarship University of the West England (Bristol) Between April and October
6. Stanford Reliance Dhirubhai Fellowship Reliance Industries Limited and Stanford Business School, USA Between March and May
7. ALBA Graduate Business School Scholarships, Greece ALBA Graduate Business School, Greece Between January and July
8. INSEAD Deepak and Sunita Gupta Endowed Scholarship INSEAD Business School Between January and February
9. Oxford Pershing Square Scholarship, UK Pershing Square Foundation Between December and January
10. Weidenfeld-Hoffmann Scholarships and Leadership Programme, UK Weidenfeld-Hoffmann Trust and Said Business School Foundation Between December and January
11. The Skoll Scholarship Skoll Centre for Social Entrepreneurship Between October and January
12. Study Estonia (India) Merit Scholarship Study Estonia (India) Between September and November
13. MIB Trieste School of Management MBA Scholarships, Italy MIB Trieste School of Management Between July and August
14. INSEAD Eric Sasson MBA’90D Scholarship INSEAD Business School Between May and June
15. INSEAD Diversity Scholarships INSEAD Business School Between May and June
16. INSEAD L’Oréal Scholarship INSEAD Business School & L’Oréal Between April and May
17. Global MBA Scholarships for Women-University of London University of London Between May and June
18. University of Strathclyde India MBA Scholarship University of Strathclyde Between January and May
19. Essex Business School MBA scholarships University of Essex Between March and May
20. The Lisbon MBA International Full Time Scholarship The Lisbon MBA Between February and May
21. LIGS University MBA Scholarship LIGS University Between April and May
22. Anaheim University Ferrotec Akira Yamamura MBA Scholarship Anaheim University and Ferrotec Akira Yamamura Between February and May
23. LUISS Business School MBA International Scholarships LUISS Business School Between March and April
24. SDA Bocconi MBA Scholarship, Italy SDA Bocconi Between March and April
25. Imperial College Brilliant Minds MBA Scholarship Imperial College Business School Between February and March

*The timeline mentioned above is tentative and may change on the discretion of the scholarship provider.

MBA Scholarship Abroad – Key Eligibility

The key eligibility criteria for the students to obtain an MBA scholarship in India is that they should be enrolled/enrolling in an MBA programme. However, to get an MBA scholarship in countries like the US, UK, France, Italy, Canada, etc., the students need to have a valid GMAT/GRE score. Furthermore, there are several other conditions too that a student needs to fulfil. The table below provides detailed eligibility criteria for each MBA scholarship.

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Detailed Eligibility Criteria for MBA Scholarship Abroad

S.No. Scholarship Name Eligibility Criteria
1. Capital First MBA Scholarships
  • The scholarship is open for Indian students who are pursuing or applying to an MBA degree programme or equivalent at a recognised management institution.
  • They must be enrolled in the respective academic batch for which the scholarship is being awarded.
  • The annual income of the family should be less than INR 6 Lakh.
  • They must have completed their graduation.
2. UPESMET MBA Scholarship, UPES
  • This scholarship is applicable for MBA aspirants who hold an undergraduate degree.
  • They must have cleared CAT/XAT with 80 percentile or MAT/NMAT/CMAT/UPESMET with 90 percentile.
3. Harvard University-Boustany Foundation MBA Scholarship
  • To be eligible for this scholarship, you must hold an offer of admission to the MBA programme at Harvard University.
  • Having a valid GMAT score is necessary.
  • The applicant should have an exceptional academic background and demonstrate considerable promise.
4. IUBH Online MBA Scholarships
  • The students fulfilling the eligibility criteria for the MBA programme at the International University of Applied Sciences (IUBH), Germany are eligible to apply for the scholarship.
5. UWE Bristol MBA scholarship
  • The scholarship is open for students who hold an admission offer at UWE Bristol for MBA programme.
  • They must have a bachelor’s degree with proficiency in English.
  • The students should not have any previous track record of studying in the UK.
  • They must not hold any other scholarship offer.
6. Stanford Reliance Dhirubhai Fellowship
  • The students who are pursuing an MBA from Stanford Graduate School of Business can apply for this scholarship.
  • They must possess the following qualities –
    • Demonstrated leadership potential
    • Intellectual vitality
    • Personal contributions and qualities
7. ALBA Graduate Business School Scholarships, Greece
  • The graduate Indian students who wish to pursue MBA and MSc programmes from ALBA Graduate Business School in Greece can apply for this scholarship.
8. INSEAD Deepak and Sunita Gupta Endowed Scholarship
  • The students enrolled in MBA programme of INSEAD can apply for this scholarship.
  • They must belong to a developing/emerging nation and demonstrate proven financial need.
9. Oxford Pershing Square Scholarship, UK
  • The students who are either applying or already studying a 1+1 MBA programme at Oxford University can apply for this scholarship.
  • They must fulfil the eligibility criteria for the selected course.
10. Weidenfeld-Hoffmann Scholarships and Leadership Programme, UK
  • The scholarship is open for graduate students who are applying for an MBA programme at the Said Business School, University of Oxford.
11. The Skoll Scholarship
  • The students who are willing to pursue an MBA programme can apply for this scholarship.
  • They must have a strong record in the field of social entrepreneurship.
  • They must have spent at least 3 years in growing a social venture or have brought positive changes as an entrepreneur.
  • They must possess personal qualities of social entrepreneur.
  • They must also demonstrate a financial need.
12. Study Estonia (India) Merit Scholarship
  • The scholarship is open for undergraduate and MBA programmes.
  • To apply for an MBA scholarship, the application must apply for a 2-year MBA programme in International Business Administration.
  • They must possess a bachelor’s degree with first or second division.
  • The age of the applicant should be less than 35 years.
  • They must also possess English language proficiency with an IELTS score of 6.0 or above.
13. MIB Trieste School of Management MBA Scholarships, Italy
  • Any entrepreneur, graduates or senior managers can apply for this scholarship.
  • They must be willing to pursue an MBA programme at MIB Trieste School of Management.
14. INSEAD Eric Sasson MBA’90D Scholarship
  • The scholarship is open for MBA applicants at INSEAD Business School.
  • They must possess a Bachelor’s degree or equivalent from a reputed university/college.
  • They must have excellent academic record and relevant work experience.
  • They must be able to demonstrate financial need.
15. INSEAD Diversity Scholarships
  • The scholarship includes both need-based scholarship and merit-based scholarship for students willing to pursue an MBA programme at INSEAD.
  • To be eligible for need-based scholarship, an applicant must be a graduate with proven socio-economic disadvantages.
  • To be eligible for merit-based scholarship, an applicant must be a graduate with excellent academic performance.
16. INSEAD L’Oréal Scholarship
  • The MBA aspirants at INSEAD having a bachelor’s degree can apply for this scholarship.
  • They must be able to demonstrate financial need and a capacity for innovation through diversity, creativity and entrepreneurial activity.
17. Global MBA Scholarships for Women-University of London
  • This is a special scholarship for women who wish to pursue an MBA programme from the University of London.
  • They must possess a graduation degree equivalent to UK second class graduate degree from a recognised university.
  • Possessing a minimum of three years of experience in the last five years is mandatory.
  • They must qualify IELTS with an overall score of 6.5 or above or TOEFL with minimum 92 marks or more.
18. University of Strathclyde India MBA Scholarship
  • The graduate students who have got an offer of admission to the MBA programme of the University of Strathclyde can apply for this scholarship.
19. Essex Business School MBA scholarships
  • The students having an offer of study (for MBA programme) at Essex Business School can apply.
  • They must have an excellent academic record.
20. The Lisbon MBA International Full Time Scholarship
  • An applicant must have a bachelor’s or integrated master’s degree to apply for this scholarship.
  • He/she should have a valid GRE/GMAT score and at least 3 years of professional experience.
  • Having an excellent academic record and proficiency in the English language is necessary.
21. LIGS University MBA Scholarship
  • The students qualifying the eligibility criteria for the interactive online MBA programme at LIGS university can apply.
  • They must hold a bachelor’s degree with proficiency in the chosen language of study.
  • They must also be able to study and communicate in the English language.
22. Anaheim University Ferrotec Akira Yamamura MBA Scholarship
  • The scholarship is open for students applying for an online MBA programme.
  • They must have an excellent academic record and must be proficient in the English language.
23. LUISS Business School MBA International Scholarships
  • The students who hold an offer of admission to full-time MBA programme at LUISS Business School can apply.
  • They must have an excellent GMAT score.
24. SDA Bocconi MBA Scholarship, Italy
  • This scholarship is for students who apply for an MBA programme.
  • They must have a valid GMAT score.
25. Imperial College Brilliant Minds MBA Scholarship
  • The students who enrol in the full-time MBA programme of Imperial College Business School can apply for this scholarship.
  • They must possess first-class honours or equivalent degree.
  • Having an excellent track record of professional achievement and strong academic background is necessarily required.
  • English language proficiency is a must.
  • The applicants should also have a valid GMAT/GRE score.
Also Read: GMAT PREPARATION – TOP GUIDE FOR GMAT PREPARATION

MBA Scholarship Abroad – Application Process

Once the students are aware of the timeline and the eligibility criteria of an MBA scholarship, they can proceed further to apply for them as specified. With the world going digital, the application process for all the scholarships is available online. Know where to apply for each MBA scholarship in the table below and begin your scholarship application accordingly.

Detailed Application Procedure for MBA Scholarship Abroad

S.No. Scholarship Name How to Apply?
1. Capital First MBA Scholarships Apply online through Buddy4Study portal.
2. UPESMET MBA Scholarship, UPES Apply online through UPES official website.
3. Harvard University-Boustany Foundation MBA Scholarship Send a copy of CV and other relevant documents to admissions@boustany-foundation.org.
4. IUBH Online MBA Scholarships Apply online through the official website of IUBH.
5. UWE Bristol MBA scholarship Apply online through the official website of UWE, Bristol.
6. Stanford Reliance Dhirubhai Fellowship Apply online through the fellowship application portal of Stanford Graduate School of Business.
7. ALBA Graduate Business School Scholarships, Greece Apply online through the official website of Sqore.
8. INSEAD Deepak and Sunita Gupta Endowed Scholarship Apply online through the official website of INSEAD Business School.
9. Oxford Pershing Square Scholarship, UK Apply online through the official webpage of Oxford Pershing Square Scholarship.
10. Weidenfeld-Hoffmann Scholarships and Leadership Programme, UK Apply online through the official website of Said Business School.
11. The Skoll Scholarship Apply online through the official website of Said Business School.
12. Study Estonia (India) Merit Scholarship Apply online through the admission platform of Study Estonia.
13. MIB Trieste School of Management MBA Scholarships, Italy Apply online through the official website of MIB Trieste School of Management.
14. INSEAD Eric Sasson MBA’90D Scholarship Apply online through the official website of INSEAD Business School.
15. INSEAD Diversity Scholarships Apply online through the official website of INSEAD Business School.
16. INSEAD L’Oréal Scholarship Apply online through the official website of INSEAD Business School.
17. Global MBA Scholarships for Women-University of London Apply online through the official website of the University of London.
18. University of Strathclyde India MBA Scholarship Apply online through the official website of the University of Strathclyde.
19. Essex Business School MBA scholarships Apply online through the official website of Essex Business School.
20. The Lisbon MBA International Full Time Scholarship Apply online through the official website of the Lisbon MBA.
21. LIGS University MBA Scholarship Apply online through LIGS university’s official website.
22. Anaheim University Ferrotec Akira Yamamura MBA Scholarship Apply online through Anaheim University’s official website.
23. LUISS Business School MBA International Scholarships Apply via email to mba@luiss.it.
24. SDA Bocconi MBA Scholarship, Italy Apply online through SDA Bocconi School of Management’s official website.
25. Imperial College Brilliant Minds MBA Scholarship Apply online through the official website of Imperial College.

MBA Scholarship Abroad – Rewards

The amount of financial assistance rendered under each MBA scholarship varies. While some scholarships offer financial help in the form of tuition fee waiver, some prefer to provide cash awards to students. Adding to this, there are some international scholarships which offer living and travelling allowances to the students to make their stay convenient and cheaper. Find what each MBA scholarship has to offer for you in the table below. It covers a detailed description of the awards given to the students.

Award Details of MBA Scholarship Abroad

S.No. Scholarship Name Award Details
1. Capital First MBA Scholarships
  • INR 1 Lakh per annum to 110 students
2. UPESMET MBA Scholarship, UPES
  • Tuition fee waiver of up to 25%
3. Harvard University-Boustany Foundation MBA Scholarship
  • Financial assistance of USD 47,500 per annum for two years towards the tuition fees
  • Covers the travel and accommodation expenses related to the internship at Boustany Foundation
4. IUBH Online MBA Scholarships
  • Variable awards are given to students based on their academic and professional achievement.
5. UWE Bristol MBA scholarship
  • 50% tuition fee waiver
6. Stanford Reliance Dhirubhai Fellowship
  • The fellowship covers 80% of the tuition cost and associated fees
7. ALBA Graduate Business School Scholarships, Greece
  • Variable tuition fee waiver will be given to selected students.
8. INSEAD Deepak and Sunita Gupta Endowed Scholarship
  • Financial assistance of up to EUR 25,000
9. Oxford Pershing Square Scholarship, UK

A total of 5 scholarships will be given that include-

  • Full waiver of college and tuition fee
  • Living expenses of at least GBP 14,553 for 2 years
  • Prestigious workshops and training
10. Weidenfeld-Hoffmann Scholarships and Leadership Programme, UK
  • 100% waiver of the course fee
  • A grant of at least GBP 14,777 towards the living cost
11. The Skoll Scholarship
  • Covers the full fee for MBA programme
  • Living expenses of at least GBP 14,777
  • Opportunities to meet with globally renowned thought-leaders, entrepreneurs and investors.
12. Study Estonia (India) Merit Scholarship
  • Scholarship up to 100% tuition fee
  • Opportunity to study in Estonia
  • Prospect of earning an average monthly salary of EUR 1146 after completion of studies
  • Other benefits
13. MIB Trieste School of Management MBA Scholarships, Italy
  • 50% of the MBA tuition fee
14. INSEAD Eric Sasson MBA’90D Scholarship
  • Cash award of EUR 15,000 to EUR 25,000
15. INSEAD Diversity Scholarships
  • EUR 13,000
16. INSEAD L’Oréal Scholarship
  • EUR 20,000
17. Global MBA Scholarships for Women-University of London
  • 40% scholarship of the total course fee for the MBA programme
18. University of Strathclyde India MBA Scholarship
  • GBP 7,000
19. Essex Business School MBA scholarships
  • Up to GBP 6,000
20. The Lisbon MBA International Full Time Scholarship
  • Up to 50% tuition fee waiver
21. LIGS University MBA Scholarship
  • Fully-funded MBA scholarship
22. Anaheim University Ferrotec Akira Yamamura MBA Scholarship
  • 100% scholarship
23. LUISS Business School MBA International Scholarships
  • One full scholarship of EUR 27,000
  • Two half scholarships of EUR 13,500 each
24. SDA Bocconi MBA Scholarship, Italy
  • The students with 680 GMAT score get 70% tuition fee waiver
  • The students with 700 GMAT score get 100% tuition fee waiver
  • The students with valid GMAT score get 50% tuition fee waiver
25. Imperial College Brilliant Minds MBA Scholarship
  • GBP 51,000
Also read : Best education system abroad article here.

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