The Master of Business Administration (MBA) degree can help you maximize your career opportunities, better salary, promotion and career change. An MBA is a specialized degree that aims to equip you with the broad skills and knowledge to manage a business more effectively and start a new business. So, an MBA is a fantastic career booster. Selecting the right school plays a big role in your future career. Once you have been done with Business School Shortlisting, now it is the time to think – How do you manage the funding for your MBA?
The cost of studying for pursuing an MBA in the United States is not very low. Many Indian students who are dreaming to study MBA in a foreign college or university but lack of sufficient funding, they step back and take admission in an Indian college. So, it is essential to think about your financing options before applying for an MBA. Funding is as important as selecting the right business school or writing your MBA essay in a compelling way. There are many options to get financial help for your MBA abroad. It is always best to think of multiple options rather than depending on just one or two. The top US business schools offer various scholarships for international students. However, not everyone will end up with a full scholarship. Here we are going to discuss few MBA scholarship opportunities which are available for Indian students studying in the United States.
Harvard MBA scholarship:
Harvard business school offers scholarships to international students for pursuing MBA. Basically, this scholarship programme is for needy students who have an excellent academic background. A student can receive up to $ 34,000 annually.
Wharton Fellowship Program:
The Wharton School offers a variety of fellowship programs for emerging international students from different backgrounds. Wharton considers all enrolled students to support the Wharton Fellowship. The primary criteria for this fellowship are strong academic track record, leadership quality, professional development and personal qualities.
Stanford GSB Financial Aid for International Students:
Every year, five Indian students get this prestigious fellowship. The Stanford Reliance Dhirubhai Fellows receive financial assistance every year for tuition fees.
Columbia Business School Scholarships:
Columbia provides $30,000 in need-based financial aid, Also, there are options for merit-based scholarships such as the Forte Foundation Scholarship and the Toigo Fellowship and other options.
Chicago Booth MBA Scholarships:
Chicago Booth has a special scholarship program for the students coming from India. There are some other gorgeous scholarship programs are the “India Trust Fellowship” (for those who living and working in India), “Akhtarali H. Tobaccowala Fellowship”, “The Zonis Fellowship”, “Canfield Private Equity Fellowship”, “Forté Foundation Fellowship and Distinguished Fellows Program” (full-tuition and $25,000 stipend every year).
Kellogg MBA Scholarships:
The Kellogg School of Business offers a variety of scholarship schemes, including both merit-based and need-based scholarships. All international students admitted are automatically considered for a merit-based scholarship.
MIT Sloan MBA Scholarships:
MIT Sloan is another renowned business school with numerous scholarship programs for foreign students. The Business School offers financial aid for MBA students who have an outstanding academic background.
As you can see, there are several opportunities to manage the fund for pursuing an MBA in the United States. The return on investment is also great, especially from top business schools.