Are you an international student who dreams of pursuing an MBA degree in the USA? Do you want to learn from the best business schools in the world and gain access to a global network of opportunities? If yes, then you might be wondering how to finance your MBA education in the USA, which can be quite expensive.
Fortunately, there are many scholarships available for international students who want to get an MBA in the USA. These scholarships can help you cover the tuition fees, living expenses, travel costs, and other expenses associated with studying in the USA. Some of these scholarships are based on merit, while others are based on need, diversity, leadership, or other criteria.
In this blog post, we will share with you the top 10 MBA scholarships in the USA for international students. We will also provide you with some information on how to apply for these scholarships, what the eligibility requirements are, and what the benefits of each scholarship are.
Why apply for MBA scholarships in the USA for international students?
There are many reasons why you should apply for MBA scholarships in the USA for international students. Here are some of the most compelling ones:
- Reduce the financial burden: MBA scholarships can help you reduce the financial burden of studying in the USA, which can be quite high. According to US News & World Report, the average tuition fee for a two-year MBA program in the USA was $74,581 in 2020. This does not include living expenses, travel costs, books, and other fees. With a scholarship, you can save a significant amount of money and avoid taking on too much debt.
- Enhance your resume: MBA scholarships can also enhance your resume and showcase your achievements, skills, and potential. Winning a scholarship can demonstrate that you are a competitive and deserving candidate who has been recognized by a reputable organization or institution. This can boost your confidence and credibility and make you stand out from other applicants in the job market.
- Expand your network: MBA scholarships can also help you expand your network and connect with other talented and ambitious students, alumni, faculty, and industry leaders. Some scholarships also offer mentoring, coaching, networking, and career development opportunities, which can help you grow personally and professionally. You can also learn from the diverse perspectives and experiences of your fellow scholars and contribute to the global community of MBA graduates.
- Achieve your goals: MBA scholarships can also help you achieve your goals and aspirations by enabling you to pursue your MBA degree in the USA. An MBA degree from a US business school can open many doors for you and equip you with the knowledge, skills, and mindset to succeed in the dynamic and competitive world of business. You can also explore various career options, industries, and locations and find your passion and purpose.
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Top 10 MBA Scholarships in the USA for International Students
Now that you know why you should apply for MBA scholarships in the USA for international students, let us look at the top 10 MBA scholarships that you can consider. These scholarships are offered by some of the best business schools in the USA, as well as by some external organizations and foundations. We have ranked these scholarships based on the amount of funding, the number of recipients, the reputation of the provider, and the application process. Here are the top 10 MBA scholarships in the USA for international students:
1. Stanford Reliance Dhirubhai Fellowship
The Stanford Reliance Dhirubhai Fellowship is a prestigious scholarship that supports Indian students who want to pursue an MBA degree at Stanford GSB. The fellowship covers up to 80% of the tuition fees and associated fees for each year of the two-year MBA program. The fellowship also provides assistance in obtaining a student visa and arranging travel to the USA.
- Cost: Up to $140,000 for two years
- Deadline: VARIES
- Application link: Stanford Reliance Dhirubhai Fellowship
2. Wharton MBA Fellowship
The Wharton MBA Fellowship is a merit-based scholarship that awards financial aid to outstanding MBA students from diverse backgrounds, including international students. The fellowship covers full or partial tuition fees for the two-year MBA program, depending on the financial need and merit of the recipient. The fellowship also offers access to a network of alumni, faculty, and peers, as well as career development and leadership opportunities.
- Cost: Varies, up to full tuition
- Deadline: Rolling with the MBA application
- Application link: Wharton MBA Fellowship
3. Harvard Business School Forward Fellowship
The Harvard Business School Forward Fellowship is a need-based scholarship that supports MBA students from lower-income backgrounds, including international students. The fellowship covers the difference between the student’s expected contribution and the cost of attendance for the two-year MBA program. The fellowship also provides financial literacy and planning resources, as well as mentorship and networking opportunities.
- Cost: Varies, up to $110,000 for two years
- Deadline: Varies
- Application link: Harvard Business School Forward Fellowship
4. MIT Sloan MBA Fellowships
The MIT Sloan MBA Fellowships are merit-based scholarships that recognize and support exceptional MBA students from various backgrounds, including international students. The fellowships cover full or partial tuition fees for the two-year MBA program, depending on the financial need and merit of the recipient. The fellowships also offer access to a community of scholars, mentors, and leaders, as well as career development and social impact opportunities.
- Cost: Varies, up to full tuition
- Deadline: Rolling with the MBA application
- Application link: MIT Sloan MBA Fellowships
5. Columbia Business School Fellowships
The Columbia Business School Fellowships are merit-based scholarships that reward and support outstanding MBA students from diverse backgrounds, including international students. The fellowships cover full or partial tuition fees for the two-year MBA program, depending on the financial need and merit of the recipient. The fellowships also offer access to a network of alumni, faculty, and peers, as well as career development and leadership opportunities.
- Cost: Varies, up to full tuition
- Deadline: Rolling with the MBA application
- Application link: Columbia Business School Fellowships
6. Kellogg MBA Scholarships
The Kellogg MBA Scholarships are merit-based scholarships that recognize and support exceptional MBA students from various backgrounds, including international students. The scholarships cover full or partial tuition fees for the two-year MBA program, depending on the financial need and merit of the recipient. The scholarships also offer access to a community of scholars, mentors, and leaders, as well as career development and social impact opportunities.
- Cost: Varies, up to full tuition
- Deadline: Rolling with the MBA application
- Application link: Kellogg MBA Scholarships
7. Consortium for Graduate Study in Management Fellowship
The Consortium for Graduate Study in Management Fellowship is a merit-based scholarship that supports MBA students who demonstrate a commitment to advancing the representation of underrepresented groups in business education and leadership, including international students. The fellowship covers full tuition and fees for the two-year MBA program at one of the 21 partner business schools, such as Yale, Berkeley, Michigan, and NYU. The fellowship also offers access to a network of alumni, faculty, and corporate partners, as well as career development and mentoring opportunities.
- Cost: Full tuition and fees
- Deadline: Varies
- Application link: Consortium for Graduate Study in Management Fellowship
8. Forté MBA Fellowship
The Forté MBA Fellowship is a merit-based scholarship that supports MBA students who demonstrate a commitment to advancing the representation of women in business education and leadership, including international students. The fellowship covers a minimum of $10,000 per year for the two-year MBA program at one of the 54 partner business schools, such as Stanford, Wharton, Harvard, and MIT. The fellowship also offers access to a network of alumni, faculty, and corporate partners, as well as career development and mentoring opportunities.
- Cost: Minimum of $10,000 per year
- Deadline: Rolling with the MBA application
- Application link: Forté MBA Fellowship
9. Toigo MBA Fellowship
The Toigo MBA Fellowship is a merit-based scholarship that supports MBA students who demonstrate a commitment to advancing the representation of underrepresented groups in finance and leadership, including international students. The fellowship covers up to $10,000 per year for the two-year MBA program at one of the 24 partner business schools, such as Chicago Booth, Duke, and UCLA. The fellowship also offers access to a network of alumni, faculty, and corporate partners, as well as career development and mentoring opportunities.
- Cost: Up to $10,000 per year
- Deadline: Varies
- Application link: Toigo MBA Fellowship
10. Fulbright Foreign Student Program
The Fulbright Foreign Student Program is a prestigious scholarship that supports international students who want to pursue a graduate degree, including an MBA, in the USA. The program covers the tuition fees, living expenses, health insurance, travel costs, and other expenses associated with studying in the USA. The program also provides academic and cultural exchange opportunities, as well as access to a network of alumni, faculty, and leaders.
- Cost: Varies, depending on the country of origin and the host institution
- Deadline: Varies, depending on the country of origin
- Application link: Fulbright Foreign Student Program
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Conclusion
As you can see, there are many MBA scholarships in the USA for international students that can help you achieve your dream of studying in the USA. These scholarships can provide you with financial support, academic excellence, professional growth, and personal development. However, these scholarships are also very competitive and require a lot of preparation and effort. Therefore, you should start your research and application process as early as possible and follow the eligibility and application requirements carefully. You should also highlight your strengths, achievements, goals, and motivations in your application essays and interviews and show why you deserve the scholarship.
