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Being a hub of the world’s best business schools, the United States of America has a lot to offer for MBA aspirants. An MBA degree from a reputed American institution will boost your career prospects and ensure a high-paying job. The US is a dream destination for international students who want to make a career in business, management, or any other field. However, many aspirants cannot afford to pay the tuition fees of the universities and live in the USA. That is why American institutions offer MBA scholarship programs to international students who cannot fund their education. Students can get these scholarships either based on academic performance or family income. Before you start applying to business schools, you should learn about their scholarship and fellowship programs. This article comprises a list of MBA scholarships offered by some of the best business schools in the USA.
Tuck School of Business
The Tuck School of Business is a prestigious part of Dartmouth College. They accept students from across the globe who contribute to its multicultural and friendly community. This institution has a variety of scholarships, fellowships, and sponsorships to offer. The financial awards given by the Tuck School of Business range from $10,000 to full tuition fee, depending on the student’s leadership skills and academic performance. You have to write a biographical essay to apply to their MBA scholarships and fellowships. Once you get accepted by the school, the authorities will inform you whether they have selected you for the program or not.
Harvard Business School
The Harvard Business School, affiliated with Harvard University, is widely acknowledged as the best college for MBA in the world. The need-based scholarships offered at this school provide financial aid to deserving candidates. Students get personalized aid from the college based on their financial requirements. The estimated scholarship offered at the Harvard Business School is over $40,000 every year.
The Horace W. Goldsmith Fellowship is one of the popular programs offered by the Harvard Business School. The eligibility criteria for this fellowship is that the student must have worked in a non-profit organization.
Kellogg School of Management
The Kellog School of Management comes under Northwestern University. They offer a wide range of need-based and merit-based scholarships to national and international students. Admitted one-year and two-year MBA students are eligible for their financial need-based scholarship program, which is only for US residents. International students can get the Donald P. Jacobs International Scholarship, which is given to students with exceptional academic performance. You don’t even have to apply to these scholarship programs as the Kellog School of Management considers every student once they secure admission.
Sloan School of Management
Sloan School of Management, which comes under MIT, is one of the top-ranked business schools in the world. This business school provides financial aid scholarships to MBA aspirants based on their merit. You don’t have to apply for their fellowship programs individually, as they consider all applicants after admission. You can also apply for their Mckinsey award, which is worth $10,000 and given by McKinsey and Company to those with outstanding academic performance, leadership skills, and work experience. Only 4 students who are shortlisted by a committee through interviews receive this award every year
Stanford Graduate School of Business
Stanford Graduate School of Business provides financial aid to students through its fellowships and scholarship programs. Students can fund their education to study in their dream college through these programs. Every year, Stanford awards scholarship holders about $40,000 to $80,000 and covers most of their tuition fees. You can apply to the Stanford GSB Need-based Fellowship awarded to those who need financial help to study.
There are plenty of other options in scholarships that you can explore according to your profile.