Scholarships Available for International students by Top 5 Universities in USA

If you are currently looking at pursuing an MBA degree in the United States of America, then the first thing you should do is to carry out adequate research, and figure out how much their tuition costs, especially in the top business schools in the USA.

However, you should also know that there are many universities in the USA who offer a wide range of scholarship programs that can help aspiring students fund their education and reduce financial burden. This is great news! In this article, we will discuss everything you need to know about MBA scholarships in the USA.

What is an MBA Scholarship?

An MBA scholarship is a cash reward that is awarded to bright and deserving students to help them fund their education. This monetary reward usually covers partial or full of their tuition fees, living expenses, books, and any other educational expenses. This scholarship is awarded based on different factors  ranging from academic performance to extracurricular activities or other achievements

How to apply for an MBA Scholarship in the USA?

To apply for an MBA scholarship in the USA, follow these steps:

Why do  Business Schools in the USA offer international MBA Scholarships for Students?

The reason why Business Schools in the USA offer MBA scholarships to international students  is to promote diversity and to bring in the best and brightest students.The scholarship programs available  for international students is highly dependent on the institution offering the scholarship and the funds available.

Here are available MBA Scholarships for International students by Top 5 Universities in USA

Fellowship	Eligibility	Amount in USD
Stanford GSB Need-based Fellowship	Demonstrated financial need.	USD 44,000- USD 88,000
Stanford GSB Bold Fellows Fund	Students with demonstrated financial hardships and commitment to advancing diversity, equity, and inclusion.	30,000
Stanford Knight-Hennessy Scholarship Program	Students admitted to MBA degrees at Stanford University.	Varies
Impact Design Immersion Fellowship	MBA students who wish to understand a problem better and those affected by it.	USD 10,000 – USD 2,00,000

 

2. University of Pennsylvania MBA Scholarship:

University of Pennsylvania offers varieties of scholarships to outstanding students. They do this based on the applications of admission. Also University of Pennsylvania considers all students for fellowships. Various MBA scholarships offered by University of Pennsylvania are listed in the table below.

Fellowship	Eligibility	Used for
Emerging Economy Fellowship	Candidates from emerging economies throughout the world	Tuition, accommodation, air travel, health insurance
Joseph Wharton Fellowship	Candidates with outstanding academic, personal, and professional advancement records	Maximum of USD 20,000 for tuition fees
Judith L. and William G. Bollinger Fellowship	Top international MBA students in the Wharton MBA	Tuition Fees
Prism fellowship	Student member of the LGBTIQA community and demonstrates leadership in support of the community	Covers full tuition fees for 2 years

3. Harvard Business School MBA Scholarship:

Harvard Business School offers numerous full  MBA scholarships because they want to improve the affordability of their courses. Various MBA scholarships offered byHarvard Business School are listed in the table below.

Fellowship	Eligibility	Amount in USD
RISE Fellowship	Candidates with a demonstrated commitment to serving communities of color in the US	USD 10,000
John C. Phelan Forward Fellowship	Candidates from weaker economic backgrounds carrying significant financial burdens	USD 30,000
George Leadership Fellowship	Students with leadership skills and demonstrated commitment to enhancing public services	USD 10,000
Horace W. Goldsmith Fellowship	Candidates with demonstrated non-profit leadership	USD 10,000
Junior Achievement Fellowship	Candidates with demonstrated junior achievement experience	USD 20,000

4. MIT Sloan MBA Scholarship: MIT Sloan School

of Management offers a wide range of scholarships usually on merit, that is, the academic performance of the students applying based , their professional achievements and their contribution in their various communities. MIT Sloan School of Management offers various fellowships to their students enrolled in the first and second years of the MBA program. Some of the available scholarships for MBA in USA for international students offered by MIT Sloan are in the table below.

Fellowship	Eligibility	Amount in USD
Legatum Fellowship	Students with a demonstrated commitment to start a business in a low-income country after graduation	Varies
Lemann Educational Fellowship	Outstanding MIT graduates committed to pursuing further studies in education, educational technology, and innovation, educational policy and reform, and related areas	USD 10,000- USD 20,000
McKinsey Award	Candidates with outstanding records of academic achievement, personal impact, and leadership in professional, community, or campus activities	USD 10,000
MIT Sloan Social Impact Fellowship	MBA Students interested in taking societal challenges during their summer internship	USD 20,000

5. Columbia Business School MBA Scholarship

Columbia Business School offers students partial or full tuition fellowships. The qualification for these scholarships is not based on the application of the student. Hence, students need not fill out any separate application form. Instead, the institute identifies the applicants with outstanding potential on their own. Their scholarship is usually merit-based. Here are some of the MBA fellowships offered by Columbia Business School.

Fellowship	Eligibility	Amount in USD
Merit-based Fellowship	August entry students enrolled in full-time MBA	USD 20,000 to full tuition fee
Perelman Scholarship Fund	Candidates from underrepresented racial, ethnic, and socio-economic groups	Varies
CBS Board Fellowship	Students exhibiting exceptional academic & professional promise	Varies
Columbia Business School Board China and India Fellowships	Students from India and China exhibiting exceptional academic & professional promise	Varies