Scholarships for studying Business Administration and MBA programs in 2024 are currently open for international students. These scholarships are fully funded, meaning they cover all the costs associated with your studies. You can apply to universities around the world, and the good news is, you don’t have to take the IELTS test, and there are no fees to apply for the MBA scholarship.
Getting an MBA, which stands for Master of Business Administration, is highly recommended if you want to step into the world of business and administration. Whether you choose to attend classes on a university campus or study online, it usually takes around 2 years to complete the entire MBA program. This degree can open up various opportunities for your career in the business world.
The MBA degree is well-known for its challenging coursework. Similar to the demanding curriculum, the costs associated with an MBA program, including tuition fees and other hidden charges, tend to be on the higher side.
Considering the expenses, it’s a good idea to explore MBA scholarships. In this article, we’ll share a list of available MBA scholarships with minimal eligibility criteria that you can apply for online, and they are open to all students.
What’s the Cost of Tuition for an MBA Degree?
If you’re aiming for an MBA degree, you can expect to pay an average tuition fee of around US$25,000, especially if you’re looking at an average-ranked business school. However, it’s important to note that the actual awarded amount for tuition fees varies among different business schools, and there’s also the option to seek scholarship funding to help ease the financial burden.
If the substantial tuition fees for your MBA degree pose a financial challenge, applying for MBA scholarships is an excellent opportunity. Even if you don’t secure a fully-funded MBA scholarship, you might want to explore partially funded scholarship options. These grants can still significantly reduce your tuition fees and other related expenses.
For the year 2024, several fully-funded MBA scholarships are available, and we’ve highlighted a few popular and highly recommended ones here. It’s advisable to consider applying for these scholarships to enhance your chances of financial support for your MBA or Business Administration studies.
Jiangsu University Business School Scholarships:
This scholarship opportunity is open to both part-time and full-time students who wish to pursue their studies in China. Specifically geared towards those interested in government finance, students can apply for this scholarship at Jiangsu University Business School. The awarded amount ranges from $1,000 to $10,000, providing financial support to eligible candidates.
Turkey Government Business School Scholarships:
The Turkey Government Business School scholarships are designed for students specializing in HR, MBA, and Business Administration. To qualify for this scholarship program, students must be currently enrolled in a full-time degree program in the fields of MBA, Human Resources, business administration, or Human Relations. This scholarship offers a valuable opportunity for financial assistance in these academic areas.
Association of the Insurance Compliance Professionals (AICP) Scholarship Program:
The AICP Scholarship Program operates on a fully merit-based system. To be eligible for this scholarship, applicants must maintain a minimum GPA of 3.0 out of 4.0 and actively participate in extracurricular activities. This opportunity is available exclusively to students currently pursuing studies in business or insurance-related fields. If you meet these criteria, you are encouraged to apply for this scholarship to support your academic journey.
Dan Reichard Jr. MBA Scholarships:
Applicants for the Dan Reichard Jr. MBA Scholarship should possess a GPA of 3.0/4.0 or higher. Preference is given to candidates with a background in management, public transportation, or business administration. Additionally, applicants must hold an internship certificate sponsored by the American Public Transportation Association. The awarded amount for this scholarship is $2,500, providing financial support to eligible candidates pursuing their MBA.
Harvard Business School Scholarships:
Designed for students eager to pursue business and management programs at Harvard University, these scholarships offer the opportunity to study at Harvard for free. Applicants with a GPA of 3.0/4.0 are eligible to apply for this prestigious Harvard Business School scholarship program, providing a golden opportunity for academic and professional advancement.
Staver Law Group National Scholarship:
The Staver Law Group National Scholarship is a highly recommended opportunity for students pursuing business administration studies in 2024. This scholarship, which is announced annually, welcomes applicants with a GPA of 3.0. Successful candidates can benefit from an award of $5,000 to assist them in their educational endeavors.
Thomas R. Pickering Foreign Affairs Fellowship Program:
Tailored for students currently enrolled in a two-year master’s degree program related to the U.S. Department of State Foreign Service, the Thomas R. Pickering Foreign Affairs Fellowship Program is an excellent scholarship in the field of management and business school studies. Extra consideration is given to candidates with practical experience in Foreign Services, and the fellowship offers an annual award of $37,000 to support their academic journey.
Forté Fellows Program:
Designed exclusively for female MBA students, the Forté Fellows Program is a unique scholarship opportunity. To apply, candidates need to submit their application directly to the participating school. The awarded amount varies based on the criteria set by the school, providing valuable financial support to successful applicants.
Military MBA and Business School Scholarships:
Open to master’s degree students in business, the Military MBA and Business School Scholarships give preference to applicants with a military service background. Eligible candidates are limited to students from military MBA schools, and the awarded amount depends on the ranking of the military school, offering financial assistance to those pursuing business studies.
Columbia Business School Management and MBA Scholarships:
For those enrolled at Columbia Business School, the Columbia Business School MBA Scholarship is an excellent opportunity. Additionally, candidates can explore other scholarships offered by Columbia University based on merit criteria. The awarded amounts range from $7,500 to $30,000, providing substantial financial support to deserving students.
AfterCollege Business Student Scholarships:
Tailored for students currently enrolled in a business degree program, the AfterCollege Business Student Scholarship is accessible to those with a GPA of 3.0 or higher. This scholarship offers a financial award of $500, contributing to the educational expenses of successful applicants.
National Founder’s Graduate Business Student Scholarships:
An esteemed scholarship opportunity for full-time MBA students, the National Founder’s Graduate Business Student Scholarships are open to applicants with a GPA of 3.0. Successful candidates can receive an award of $500, providing valuable financial assistance for their MBA studies.
Now, you’re well-equipped to embark on the journey of applying for MBA scholarships in 2024. These highlighted scholarship programs present excellent opportunities for pursuing higher education in the field of MBA. Don’t let this golden opportunity slip away; take the initiative to apply and become part of top-ranking business schools.
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