Are you an international student interested in pursuing an MBA degree in the USA? This article will help you understand MBA scholarships, the best scholarship opportunities, and some of the top rated universities. It will also explain how to decide between pursuing an international MBA or a domestic one.
There are numerous scholarship opportunities available to international students who want to study in any of the USA’s top business schools. Scholarships will vary with each school, but there are two broad categories of scholarships available to MBA students: merit-based and need-based.
Top MBA Scholarships in USA for International Students
Forte Fellows Scholarships are offered exclusively to international students pursuing a degree at the Forte MBA program. At this time, scholarships are awarded based on academic merits, leadership potential, and personal qualities. Recipients are selected on the basis of demonstrated academic achievement, leadership potential, and personal qualities.
They have awarded over $330 million value as scholarships to over 13,000 students worldwide. Through these funds, Forte Fellows supports students of international origin who are pursuing an undergraduate or graduate degree in a pertinent field and desired to pursue a career in business.
A complete financial aid package for the two-year program includes significant scholarship support, a grant-in-aid, and an employment guarantee from the school.
The Harvard MBA Scholarship Program is made possible by generous donations from alumni and friends of the university. Incoming students receive $51,000 (for an academic year) in scholarship and grant support per year.
At Harvard Business School, all applicants are automatically considered for academic merit scholarships based on their GMAT score, GPA and work experience.
3. NYU Stern School of Business
The NYU Stern School of Business has a unique program that offers merit-based scholarships to select non-US citizens who have demonstrated academic excellence in their undergraduate studies and are committed to pursuing a career in business.
All NYU Stern MBA candidates are automatically considered for academic merit scholarships when they apply to the Full-Time MBA program. These scholarships are awarded based on academics and work experience.
4. Sainsbury Management Fellowships
Scholarships are offered to highly-qualified international applicants who wish to pursue a full-time MS in Management degree. Applicants must be non-US citizens and be able to demonstrate a commitment to the field of management and a desire for an international management career.
The Sainsbury Management Fellowships are awarded to applicants who demonstrate the academic potential and leadership qualities necessary to meet the high standards of this program. Only students who are ABD (at the start of their graduate studies) or a candidate for the doctoral degree may apply for a fellowship.
Scholarships In USA FAQS
What are MBA scholarships?
MBA scholarships are funded by a variety of organisations, companies and individuals who want to make it possible for people to get graduate-level education regardless of their economic situation. In some cases, you will have to pay back a scholarship but many times they will not require any repayment at all.
Another type of scholarship is called an “endowed” scholarship. In this case, you will receive the money from your educational institution’s endowment once you graduate and can begin finding a job in the industry.
What are the different types of scholarships?
There are two broad categories of scholarships available to MBA students: merit-based and need-based. Need-based scholarships (also known as financial aid) are given to help students meet their financial needs throughout their education. Merit-based scholarships are awarded based on individual merit and achievement.
What is the difference between a grant and a scholarship?
A grant is given without requiring repayment, while a scholarship has to be repaid. A grant generally comes from a government agency or foundation, while a scholarship normally comes from an educational institution or private company. Another way to differentiate between the terms is that grants are usually need-based and scholarships typically go to those with high academic achievement.
What is the tuition range for MBA programs?
Tuition varies by MBA program, but is generally around $40,000 per year. Some programs have sliding scale tuition ranges while others offer fixed-fee payments to students based on their financial need. The higher the MPH or MD/PhD you earn, the more you will typically pay.
Does my scholarship pay my entire tuition?
Your scholarship may just be covering some of your expenses, particularly if you are a full-time student or attend a private school. The balance of your tuition will be paid by you, either through loans (discussed in the section below) or by taking a part-time job.
Does my scholarship cover books and other school fees?
Scholarships don’t usually cover everything, so it’s important to be realistic about what they will pay for. You can find out what your program includes in their financial aid package.