This is a great news for qualified applicants who are interested in studying abroad, as the MBA Scholarships is open for application.
MBA is one of the world’s most sought-after degrees. It provides graduates with a competitive advantage in obtaining better jobs and the prospect for greater professional advancement. Obtaining an MBA, on the other hand, is time-consuming and expensive.
This is especially true for business students in the United States and Canada. To assist with this scenario, we have created a list of scholarships available to students from various countries.
In this article, GbExtra Blog share detailed information about MBA Scholarships for international students, MBA scholarships to study in USA, Scholarships to study MBA in canada, MBA Fully Funded Scholarships, Criteria, Requirements and How to Apply.
What is an MBA Scholarship?
Students who want to pursue an advanced degree in business administration can apply for an MBA scholarship. It is often given to a student who meets certain academic requirements and has an aptitude for the study of business management.
There are many commercial organizations that offer MBA scholarships, but there are also government-sponsored programs and scholarships provided by the universities. The scholarship’s value varies, but the majority of awards are made to cover living and tuition costs.
What Benefits do MBA Offer?
An Masters in Business Administration (MBA) is a fantastic method to develop your career and boost your earning potential. MBA scholarships can assist you on your travels. These are the benefits of MBA Scholarships:
- Huge impact on your future.
- Gain adequate skills you need to succeed.
- Professional advancement in your career.
- Build new networks with other professionals.
- Offer you to get a head start in your career.
MBA Scholarships Eligible Criteria:
To be eligible for an MBA scholarship, Interested candidates should meet the following criteria:
- You must be a citizen or permanent resident of the United States or Canada.
- You must have a competitive GPA.
- You must also have excellent academic achievements in your undergraduate studies, including grades in courses that are relevant to an MBA program.
- You must have demonstrated leadership and teamwork skills.
- You must have financial needs, as assessed by the admissions committee.
How to Apply for MBA Scholarship?
There are numerous ways to apply for an MBA scholarship, but the most usual are to submit an application form and a short essay. You can also apply online, by email, or through social media.
The majority of MBA scholarships are based on academic achievement. Some scholarships, however, may be restricted to students experiencing financial difficulties.
In general, the easiest method to learn about MBA scholarship options is to go online or contact your local MBA group for additional information on the many sorts of scholarships available and how to apply for them.
There are several ways to apply for MBA scholarships, but speaking with a scholarship counselor is the best approach to learn more. To find out more about MBA scholarships and how to apply, please visit our website or contact us at [email protected].
Some popular methods of applying for MBA scholarships include:
- Submitting an online application
- Sending in applications in person
- Applying through a dedicated scholarship website
- Participating in webinars or workshops offered by the scholarship provider.
MBA Scholarship in USA Requirements:
These are common application requirements for applicants who which to apply for MBA scholarships and also study in USA:
- An undergraduate degree from a reputable university
- A competitive minimum GPA score of 3.0
- A personal statement or essay
- Recommendation letters
- Proof of permanent residency or citizenship in the U.S.
- GRE or GMAT score reports
MBA Scholarships in USA
1. Government Finance Officers Association:
The Government Finance Officers Association annually provides five separate scholarships totaling eleven prizes, with a focus on graduate students in business administration, finance, economics, and accounting who have a passion for working in either the public or nonprofit sectors.
The goal of these scholarships is to recognize individuals from both states who have excelled academically while pursuing careers in local or state government finance. The scholarship’s creator is giving away four $10,000 prizes.
2. Ritchie-Jennings Memorial Scholarship:
The scholarships are given to students who may go on to earn degrees in finance, business, accounting, etc. and eventually become Certified Fraud Examiners. By choosing the anti-fraud professional path, students enrolled in these courses can advance their study.
Qualified applicants must be enrolled full-time in a respectable school that offers a four-year study. Additionally, it is preferable to be a U.S. citizen or permanent resident and have a strong interest for pursuing a career in a field related to anti-fraud or fraud examination.
3. International Council of Shopping Centers Foundation — Edward J. DEBARTOLO, Sr. Graduate Scholarships:
For students to access $10,000 in tuition, fees, and other costs, they have applications available during the spring semester. You may apply for the scholarship if you have a GPA of 3.0, experience working in the retail industry, and involvement in community action.
Additionally, it’s important to demonstrate a willingness to devote yourself to your sector, participate in it, and commit to your financial demands.
4. Golden Key Graduate Scholar Award:
You can apply for it if you have good academic credentials and meet the requirements. There are currently more than 400 chapters around the world. You can use it to influence change in the future.
The Golden Key Graduate Scholar Award is open to MBA candidates who are passionate about the future. There are several conditions for applying for the scholarship, including a CV, a personal statement, comprehensive academic transcripts, etc. You will get the sum of $2,500 if you are chosen as one of the beneficiaries.
5. The Financial Women’s Association of San Francisco Financial Leadership Scholarships:
The scholarship’s selection criteria take into account a number of things, including professional experience, leadership skills, communication skills, academic achievement, extracurricular involvement, etc.
Along with receiving financial assistance, scholarship recipients also have the chance to meet with influential professionals to advance their careers and receive mentoring from FWSF members. It is intended for female students attending San Francisco Bay Area University. Graduate students will receive $25,000, while undergrads will receive $10,000.
6. AAUW Selected Professions Fellowships:
With a $25,000 initial donation, the scholarship program was launched in 1970. Many women have been able to fulfill their educational dreams thanks to the American Association of University Women (AAUW).
This scholarship program is open to women who are enrolled in a Master’s in Business Administration program. Additionally, it is necessary to enroll full-time in courses like business, law, medical, and many others. They welcome students who are U.S. citizens or permanent residents. Beneficiaries receive scholarships ranging from $5,000 to $18,000.
7. NBMBAA Graduate Scholarship Program:
Outstanding MBA students can apply for a variety of scholarships from the National Black MBA Association. One of the USA’s MBA scholarships, it works with other business schools like Emory University, the University of Florida, the University of Alabama, the University of Florida, and others.
In institutions like Indiana University, Georgia Tech, and Bentley University, the fortunate students may receive up to $100,000. Additionally, there are other chances for students, such as lodging and transportation costs for the annual conference of the NBMBAA.
Methods of Getting MBA Scholarship in Canada
- Have admission in any Canadian institution to study at master’s level
- Register full time for two or more academic sessions
- Have a valid study permit
- Enrolled in a participating Ontario school
Basic Requirements for MBA Scholarship in Canada
When you are trying to apply for Canadian MBA scholarships, there are essential documents to have:
- Previous undergraduate academic transcripts
- Language proficiency test score
- Proof of working experience
- Two or three recommendation letters
- Statement of purpose
- Passport Photographs
- Resume or Updated curriculum vitae
Types of MBA in Canada
We have different types of MBA to suit international and domestic students with their various needs and interests:
1. Full Time MBA Scholarships:
Consider a full-time MBA program if you intend to join the workforce as a respected leader. You may discover more about the various forms of diversity present in the Canadian workforce. The course has a two-year duration, and full-time enrollment is permitted. A successful outcome on a language exam is required.
2. Part Time MBA Scholarships:
It is a fantastic chance for students looking for work while obtaining their master’s degrees. Due to the possibility of certain lectures taking place on weekends, it takes longer (years) than a full-time MBA. For instance, the length of a standard MBA program, which should take you two years, could increase to three to six years, depending on the course you are taking.
3. Executive MBA Scholarships:
For students from the working class who want to complement their academic studies with additional job experience, this MBA provides an alternative option. The 13-month MBA program may result in tremendous growth for you.
MBA Scholarships in Canada
If you are lucky enough to be chosen among the recipients of an MBA scholarship in Canada, you can complete your MBA program tuition-free. The cost of an MBA program in Canada ranges from $31,000 to $105,690 in tuition.
Additionally, you can add additional expenses like a living allowance, health insurance, housing, etc., and you will see an increase in your financial burden:
1. Ontario Graduate Scholarship (OGS) Program:
It is a Canadian scholarship that provides financing for master’s and doctoral-level graduate students. Because the founder awards it based on merits, having a strong academic record is necessary before you can be considered for this prize. Along with Ontario, other universities including the University of Windsor, Carleton University, York University, etc. also take part in the program.
2. Rotman School of Management Scholarships:
According to research, the University of Toronto offers entry scholarships, grants, and fellowships to around one-third of its international students each year. It is a reputable MBA scholarship for students in Canada. It makes it easier for students who want to enroll in business schools to pay their tuition.
3. Sauder School of Business Entrance Scholarship:
Another business school that grants MBAs to graduates is Sauder School of Business. In order to draw potential talent from all across the world, it offers scholarships to overseas students with high grades. You may be fortunate enough to receive the Saunder School of Business Entrance Scholarship if you perform exceptionally well.
4. MBA Scholarships in Alberta:
Numerous MBA scholarships are available from Alberta University to foreign students studying in Canada. If you are a foreign student with significant financial needs, you may be fortunate to receive the scholarship. The Alberta MBA scholarship is renewable as long as you maintain the necessary GMAT score throughout your MBA program.
5. HASKAYNE School of Business MBA Entrance Scholarships:
Over the years, international students have struggled to find funds to sponsor their education. As a result, the scholarship attracts outstanding students performing well academically in their given field.
International students can now pursue an MBA in Canada and USA thanks to the MBA Scholarship program. You can apply and take advantage of these scholarship options if you are certain that you meet the requirements for the award.