Are you looking for a way to pursue your master’s degree in business at one of the most prestigious and innovative schools in the world? Do you want to learn from a diverse and global network of faculty, students, and alumni? Do you have a passion for social impact, entrepreneurship, or global professionalism? If you answered yes to any of these questions, then you might be interested in applying for a Hult University Scholarship.
Hult University is a private business school that offers undergraduate, master’s, and executive education programs in various locations around the world, including Boston, San Francisco, London, Dubai, Shanghai, and New York. Hult’s mission is to transform the lives of its students and prepare them for the challenges and opportunities of the 21st century. Hult is ranked among the top business schools in the world by the Financial Times, The Economist, and Bloomberg Businessweek.
The Hult University Scholarship is a financial aid program that rewards the talents and achievements of ambitious students who want to study at Hult. There are different types of scholarships available, depending on your academic background, professional experience, and personal goals. In this article, we will explain what a Hult University scholarship is, what types of scholarships are offered, what the eligibility criteria are, how to apply, and some frequently asked questions.
What is a Hult University Scholarship?
A Hult University Scholarship is a merit-based or need-based financial aid program that covers a portion of the tuition fees for students who are admitted to Hult’s master’s degree programs. The scholarships are awarded to students who demonstrate outstanding academic accomplishment, leadership potential, entrepreneurial spirit, social impact, or global professionalism. The scholarships are competitive and limited in number, so applicants are encouraged to apply early and submit a strong application.
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Types of Hult University Scholarship
Hult University offers a range of scholarships for its master’s degree programs, such as the Master of International Business, Master of Finance, Master of International Marketing, Master of Business Analytics, and Master of Disruptive Innovation. The scholarships are categorized into three groups: merit-based scholarships, need-based awards, and regional scholarships.
Merit-based scholarships
Merit-based scholarships are awarded to applicants who have excelled in their academic, professional, or personal endeavors. The scholarships are based on the applicant’s achievements and potential in areas such as social impact, entrepreneurship, global professionalism, or academic excellence. The merit-based scholarships include:
- Social Impact Scholarship: This scholarship is for applicants who have had and will have a positive impact on making the world a better place. Successful candidates will either be from a developing country with plans to use their degree to improve the lives of their fellow citizens or have worked in organizations serving underprivileged populations. Hult is seeking candidates who can represent the world’s underprivileged and who have high potential for positive impact.
- Entrepreneurial Impact Scholarship: This scholarship is for professionals who have had a permanent role and have demonstrated involvement, leadership, or had a role in the outcome of an entrepreneurial project. For this scholarship, Hult is seeking candidates who think and act with an entrepreneurial spirit and have a strong sense of how to put a project or idea into action.
- Global Professional Scholarship: This scholarship is awarded to aspiring business leaders who have worked full-time for a minimum of one year in a large global corporation. For this scholarship, Hult is seeking applicants who have experience in an international company and understand the global business environment.
- Academic Excellence Scholarship: This scholarship recognizes exceptional students who have demonstrated outstanding academic accomplishment and dedication. Candidates must present evidence of either a 3.6+ GPA or a GMAT score of 700+.
Need-based awards
Need-based awards are granted to applicants who demonstrate financial need and who would otherwise be unable to attend Hult without financial assistance. The need-based awards are based on the applicant’s income, assets, and expenses, as well as the availability of funds. The need-based awards include:
- Hult Need-Based Award: This award is for applicants who have a low income and limited savings or assets. Applicants must provide proof of their financial situation and explain how the award will help them achieve their educational goals.
- Hult Family Award: This award is for applicants who have a sibling, parent, or child who is currently studying or has graduated from Hult. Applicants must provide proof of their relationship and explain how the award will benefit their family.
Regional scholarships
Regional scholarships are offered to applicants who are from specific regions or countries that are underrepresented at Hult. The regional scholarships are designed to increase the diversity and cultural awareness of the Hult community. The regional scholarships include:
- GREAT Scholarship: This scholarship is offered in partnership with the British Council and is for applicants who are citizens of India, China, Thailand, Indonesia, Malaysia, or Turkey. The scholarship covers £10,000 of the tuition fees for students who are admitted to Hult’s London campus.
- Women in Business Scholarship: This scholarship is for female applicants who have shown leadership and innovation in their professional or personal lives. The scholarship aims to empower women to pursue their career aspirations and become role models for future generations of female leaders.
- Hult Scholar Grant: This scholarship is for applicants who have demonstrated exceptional leadership, innovation, and impact in their academic, professional, or personal lives. The scholarship covers the full tuition fees for students who are admitted to any of Hult’s campuses. The scholarship is highly selective and is only awarded to a few students each year.
You can learn more about the Hult University Scholarships here: https://www.hult.edu/blog/business-scholarships-2019-apply/.
Eligibility criteria for Hult University Scholarship
To be eligible for the Hult University Scholarship, applicants must meet the following criteria:
- Have a bachelor’s degree or equivalent from an accredited institution
- Have a valid English proficiency test score (such as TOEFL, IELTS, or PTE) or demonstrate English proficiency through other means
- Have a completed online application and submit all required documents
- Have a strong academic record and professional or personal achievements
- Have a clear career vision and motivation to study at Hult
- Have a demonstrated financial need (for need-based awards only)
- Have the citizenship or residency of a specific region or country (for regional scholarships only)
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How to apply for Hult University Scholarship
To apply for a Hult University scholarship, applicants must follow these steps:
- Start an online application for the master’s degree program of your choice at Hult’s website
- Complete the online application form and upload all required documents, such as transcripts, resumes, essays, and references
- Indicate which scholarships you are interested in and provide any additional information or documents required for each scholarship
- Submit your online application and pay the application fee of $150 USD
- Wait for the admission decision and the scholarship offer from Hult
- Accept the scholarship offer and confirm your enrollment by paying the enrollment deposit of $2,500 USD
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Frequently Asked Questions
Here are some frequently asked questions about Hult University scholarships:
How much are the scholarships worth?
The scholarships vary in amount, depending on the type and availability of funds. The scholarships range from $5,000 USD to $40,000 USD per year, or from 10% to 100% of the tuition fees.
How many scholarships are available?
The number of scholarships is limited and competitive and varies each year depending on the quality and quantity of applicants. Hult does not disclose the exact number of scholarships awarded each year.
When is the deadline to apply for scholarships?
The deadline to apply for scholarships is the same as the deadline to apply for admission, which is based on the round system. Hult has six rounds of admission, starting in September and ending in May. The earlier you apply, the better your chances of securing a scholarship.
Can I apply for more than one scholarship?
Yes, you can apply for multiple scholarships, as long as you meet the eligibility criteria for each one. However, you can only receive one merit-based scholarship and one need-based award, and the total amount of scholarships cannot exceed the tuition fees.
Can I combine scholarships with other sources of funding?
Yes, you can combine scholarships with other sources of funding, such as loans, grants, or sponsorships, as long as the total amount of funding does not exceed the tuition fees. Hult also offers a payment plan option for students who need to spread out their tuition payments over several installments.
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Final Thought
The Hult University Scholarship is a great opportunity for aspiring business leaders who want to study at one of the most prestigious and innovative business schools in the world. Hult offers a range of scholarships for its master’s degree programs, based on merit, need, or region. The scholarships are competitive and limited, so applicants are advised to apply early and submit a strong application. If you are interested in applying for a Hult University scholarship, you can start your online application today at Hult’s website. Good luck!
