Here are some notable business schools with MBA scholarship opportunities. Some are merit-based, often based on GMAT scores, while others are aimed at specific groups of applicants. Business school scholarshipsīusiness schools around the world offer thousands of different scholarships. According to the Graduate Management Admission Council (GMAC), 85 percent of business schools offer merit-based scholarships, while many others offer needs-based options.īelow are some exciting MBA scholarships you should know about, offered by independent organizations and business schools alike.

There are many different types of MBA scholarship, which can be awarded based on different criteria, including merit, diversity, and financial need. You can be awarded more than one MBA scholarship and they can significantly reduce your study costs. MBA scholarships are funds awarded toward the cost of your program that you don’t need to pay back. With a significant investment to consider, it’s no surprise that most applicants turn to MBA scholarships to fund their studies.

Pursuing an MBA at a top-ranked business school will set you back around US$117,000 in tuition on average, according to the BusinessBecause Cost of an MBA Report 2020.

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