Top Scholarships for MBA Abroad for Indian Students

Pursuing an MBA abroad can be a significant financial commitment.
However, when it comes to advancing your career, your ambitions should never be limited by your budget. While coming from a working-class background may present challenges, it certainly doesn’t have to hold you back. With thousands of scholarships available worldwide, funding your MBA abroad is more achievable than ever.

In this blog, we’ll explore some of the top MBA scholarships offered by leading study destinations around the globe. Let’s dive in and discover how you can make your international MBA dream a reality.

Top Scholarships for MBA Abroad

MBA is one such degree that opens doors to global opportunities. And when an MBA is pursued by one of the top universities abroad, your chances of securing a successful career are enhanced. Hence, today, in this blog, we are not only mentioning popular Scholarships for Abroad Studies, but we are also sharing top 5 countries whose MBA degree will help you get the best career opportunities in life. So, let’s explore the countries and scholarships together.

1. USA

The USA is one of the best countries in the world when it comes to pursuing an MBA degree abroad. Home to some of the best business schools like Harvard and Yale, the USA is at the top spot for students planning to study MBA abroad. If you are also interested in studying MBA abroad, then here are your reasons to pursue an MBA in USA.

To help you accomplish your dream of studying MBA in the USA, there are various merit and need-based scholarships. Now, let’s explore them as well.

Scholarships for MBA in USA

Top three scholarships for MBA in USA that you can apply to are:

1. Fulbright Foreign Student Program (USA)-

Sponsored by the US State Department, this scholarship is often offered to non-US citizens with a bachelor’s degree who apply through their local Fulbright commission. This scholarship is awarded to around 4000 students annually that covers full tuition fees, textbooks, round-trip airfare, a living stipend, and health insurance. Deadlines to apply for this university varies country-by-country.

2. Knight-Hennessy Scholars-

This is a Standford University fellowship. Any nationality can apply to a Standford graduate program including MBA, with a bachelor’ degree. Scholars receive full funding for up to three years of graduate study (two years for MBA). Furthermore, this scholarship cover tuition fees, living stipends, additional fees, and travel cost. The selection is merit-based across all disciplines. The deadline for this scholarship is October and November for the following year.

3. Forté Fellowships for Women-

A non-profit consortium partners with top MBA programs in the USA, Canada, and Europe. This scholarship is rewarded especially to outstanding female MBA applicants. Fellowships are worth up to $20,000 and provides networking benefits. There is no separate application is required, candidates who have applied for MBA programs to universities gets considered for this scholarship. There is no fixed deadline for this scholarship.

2. UK

The next in line, when it comes to pursue MBA abroad, is the United Kingdom. With shorter programs and greater return on investment, the UK is one of the popular choices for students when it comes to pursuing MBA abroad.

To help you cover your MBA cost in the UK, there are several valuable scholarships that you can avail. Here are top three scholarships to study MBA in the UK.

Scholarships for MBA in UK

The top three scholarships to study MBA in the UK include;

1. Chevening Scholarship-

Funded by the UK Foreign, Commonwealth & Development Office. This scholarship can be availed by the citizens of developing countries. The basic eligibility for this scholarship is a bachelor’s degree and approximately 2 years of work experience. This is a fully funded scholarship that covers tuition fees, living stipends, travel fare to and from the UK, and other related expenses. Application cycle is annual; opens in August and closes in November.

2. Commonwealth Master’s Scholarship-

Sponsored by the UK Commonwealth Scholarship Commission, this scholarship is for citizens of developing Commonwealth countries. This is a fully funded scholarship that covers one-year of master’s degree from any UK university. The scholarship covers full tuition fees, return airfare, and a monthly living stipend. Application is only by nomination by national agencies, and the deadline varies but is usually late summer.

3. London Business School Scholarships-

London Business School or LSB offers multiple scholarships to MBA aspirants such as merit, regional, and industry specific. There are specific scholarships for young leaders and achievers who comes under the LBS 40 under 40, along with varied followships as well. The applicants can apply via the MBA application with essays or interview. Deadline for LBS rounds along with admissions that is September and January.

3. Canada

When it comes to finding an affordable destination to pursue MBA abroad, then Canada appears to be one of the best destinations. The welcoming environment and global opportunities make it a great study destination for international students. Here are some of the reasons why to study MBA in Canada.

Even though the Canadian MBA courses are more affordable than the UK and USA, yet there are some great scholarships helping scholars to afford their master’s abroad.

Scholarships for MBA in Canada

Some top MBA scholarships for Canada are;

1. Ontario Graduate Scholarship Program-

One of the popular scholarships for MBA students in Canada is Ontario Graduate Scholarship (OGS), which is a merit-based scholarship for full-time master’s students. To avail this scholarship, the applicant must have an excellent academic record and apply through the university portal. The scholarship covers courses of 2- or 3-years’ worth CA$10,000 or CA$15,000 respectively. The deadline varies but the two major ones are October and February for different intakes.

2. Emerging Leader in the Americas Program-

Another Canadian scholarship for MBA abroad is ELAP. This is a Canadian government scholarship for students from Latin America and Caribbean to study short-term courses (4-6 months) in Canada. The scholarships are awarded by Canadian institutions; graduate aware is CA$8,200 for 4 months and CA$11,100 for 6 months program. This scholarship covers airfare, living expenses, insurance, and education material. To avail this scholarship, students must be done with under graduation.

3. University Scholarships and Bursaries-

To help students manage their finances and tuition fees, there are various types of university-based scholarships and bursaries. Top Canadian MBA programs by universities like Rotman, Ivey, and Smith offer their own scholarships and fellowships to international students, usually based on merit or leadership. To avail these scholarships, students must consult each business school’s admission committee to know further.

4. Europe

Why Europe is the best nation to pursue MBA abroad is because one destination can give you the visa to explore 29 nations all at once. Europe is a hub of 29 Schengen nations; hence, you can study in one country and can find working opportunities in any of the other 28 nations. Here are your reasons to pursue MBA in Europe.

To make your dream of Studying MBA Abroad, there are many scholarships that will ease your financial burden.

Scholarships for MBA in Europe

Here are some top scholarships for you to avail for your MBA in Europe dream.

1. DAAD Scholarship-

Managed by the German Academic Exchange Service for international students in who wants to study in Germany. This scholarship is eligible for candidates who have completed their bachelor’s with excellent grades. DAAD is a fully funded scholarship that includes a monthly stipend of €900–€1,200, health insurance, and travel allowance. Even though the German education has minimal tuition fees, yet some programs waive the entire cost of study after getting the DAAD scholarship. The deadline often varies as per the programs usually spring or autumn.

2. Erasmus Mundus Joint Master’s Degrees-

One of the fully funded scholarships for international students is EU-funded scholarship for selected international joint master’s programs often for 2 years. This scholarship can be used for multiple universities across Europe. This fully funded scholarship covers full tuition fees, along with allowance for travel, visa, installation, and a living stipend. The application period for this scholarship runs around autumn to early winter for the following year.

3. France Excellence Eiffel Scholarships-

Awarded by French Ministry of Foreign Affairs for international students who wants to pursue master’s or PhD at top French institutions. For master’s level, the scholarship is awarded a monthly allowance of €1,181 along with international and national travel support, insurance, and cultural events, the tuition fees is paid by the university and not the student themselves. Furthermore, for PhD level, the stipend is €1,800/month, along with other benefits. The applications for this scholarship are submitted by the university only to the French government. The deadline is October for intake the following year.

5. Australia

Another nation that is perfect for pursuing MBA abroad is Australia. With quality education and globally recognised degrees, Australia offers the best return on investment. As the diverse culture plays a big role in making you welcomed at home, it is the part-time jobs and practical learning that gives you the best educational opportunities. Here are your reasons to study MBA in Australia.

You can avail all these benefits by pursuing an MBA in Australia. If you are worried about the financial arrangements, then here are your scholarship options.

Scholarships for MBA in Australia

Here are top scholarships for MBA in Australia that you can avail.

1. Australia Awards Scholarships-

Offered by the Australia Government’s Department of Foreign Affairs and Trade, this scholarship is eligible for citizens of developing countries in Asia, Africa, Pacific, etc. This scholarship is ideal for professionals pursuing leadership and development-related fields, including business and management. This is a fully funded scholarship covering full tuition fees, return airfare, establishment allowances, and living expenses along with health insurance. The deadlines may vary depending on the country, but it is typically February to May for the following year.

2. University of Melbourne Graduate Scholarships-

Offered by the University of Melbourne, this scholarship is eligible for high-achieving students applying to master’s program including MBA. The scholarship helps in tuition fee waiver from 25-100% based on academic performance. The living and traveling allowances are there but limited. Furthermore, this is a merit-based scholarship and hence a student’s true potential is analysed before rewarding them the scholarship. Student don’t have to apply for a scholarship as it is considered automatically at the time of admission application.

3. UQ MBA Global Leaders Scholarship-

Another university specific scholarship for MBA in Australia is UQ MBA Global Leaders Scholarship offered by the University of Queensland (UQ Business School). This scholarship is also eligible for high-performing international students who are offered admission to pursue the MBA program in UQBS. This scholarship covers 15-100% tuition fees based on students’ academic performance. The deadline for this scholarship varies by the intake and typically closes before one or two months from the start date of the new intake.

Basic Requirements for Scholarship for MBA Abroad

Now that you have seen the list of scholarships that is available for you around the globe to pursue an MBA abroad, it is time to see what are the basic requirements that you must fulfill. Here is a quick list of the same.

1. Bachelor’s Degree
2. Strong Academic Record
3. GMAT or GRE Score
4. English Proficiency Test
5. Work Experience
6. Letter of Recommendation
7. Statement of Purpose/ Personal Essay
8. University Acceptance Letter
9. Citizenship or Residency Criteria
10. Interview Round

After clearing all these basic requirements, you will be eligible to secure a scholarship for yourself.

Find the Right Scholarship for MBA Abroad with MetaApply IE

Indeed, the abroad education is an expensive experience, but with right scholarship you can make your MBA dream abroad financially manageable. In this hassle, MetaApply IE is your ultimate help. We not only help you in selecting budget-friendly universities that provide high-quality education and global opportunities, but we also bring to you the best scholarships.

Our team of experts help you shortlist only the best scholarships that will cover all your study abroad expenses. However, as the list of requirements goes long, our team of experts also prepare you for every step of the way. From preparing you for the interview to collecting all the right documents for you, our counsellors help you with it all.

However, in case your profile is not strong enough to get a scholarship your dream of studying MBA abroad remains still intact. This is because our counsellors bring to you the best suited education loans through our MetaFinance service.

So, don’t wait for you MBA abroad dream anymore, get in touch with us today!