Home How To Apply How to fund your B-school education: List of top MBA scholarships, eligibility

How to fund your B-school education: List of top MBA scholarships, eligibility

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A number of top institutes and industries offer MBA scholarships to deserving candidates.

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IIMs and other top B schools invite applications for MBA scholarships from July to August every year

IIMs and other top B schools invite applications for MBA scholarships from July to August every year

How to Get into B Schools: A Roadmap for MBA Entrance Exams

Earning an MBA from a major institute brightens your resume and prepares you for a high-level career. But it is not cheap and may seem out of reach for many students and young professionals. So, should you give up on your dream of getting a job in the business world? Ignore this idea – you can take advantage of MBA scholarships offered by a number of top institutes and industries and move up the career ladder.

When to apply for the MBA Scholarship:

You can apply for this MBA Scholarship in India after completion of the admission process and at the beginning of the academic session. IIMs and other top B colleges usually invite applications for MBA scholarships in July and August each year.

Below is a list of MBA Scholarships:

MBA Scholarship at BML Munjal University

You will be eligible for this scholarship if you apply for an MBA program at BML Munjal University, Gurgaon. You can get a waiver of up to 100% of your tuition fee, depending on your CAT/XAT or GMAT score. Applications can be submitted online through the university’s official website.

Aditya Birla Group Scholarship

Students of leading institutes, including IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kozhikode, IIM Indore, IIM Shillong and XLRI Jamshedpur, are eligible for this scholarship. It covers part of the tuition fees for management programs offered by these institutes.

The top 20 students (based on their ranking in the entrance examination at the time of admission) can submit applications for the scholarship to the Dean of the respective institutes. Approximately 180 students from IIMs and XLRI are assessed based on their applications.

Generally, the candidates’ extracurricular achievements and distinction are used as a screening process, which includes essay writing and an interview round, for the next stage. The 16 best students are selected, provided they submit valid documents, and Rs 1,75,000 each is given annually.

IMT EWS . Scholarship

The IMT scholarship covers 100% of the total academic fees for a selected number of students from the economically weaker sections of society (EWS). It is offered to students enrolled in any two-year PGDM program accredited by AICTE at IMT. A maximum of 10 eligible candidates are selected from IMT Ghaziabad for the scholarship and five from IMT Nagpur and Hyderabad.

OP Jindal Engineering and Management Scholarships (OPJEMS)

The Graduate Management Institutes participate in the OPJEMS Program, which aims to provide financial support to students of the Postgraduate Program in Management (PGP). The top 20 students are selected from different management institutes every year. First-year students are selected on the basis of the entrance examination arrangement by the college at the time of admission. Second, third and fourth year students are reviewed for the previous year’s academic performance.

You can apply online by visiting the official OPJEMS website. All selected students will be given Rs 1,500 per academic year.

SPJIMR Mumbai: MBA Scholarship Program

SP Jain Institute of Management and Research (SPJIMR), Mumbai, is offering special scholarships to deserving and deserving students. You need to send a scholarship application letter to the institute with an application stating your credentials and reasons for applying. The admissions committee decides on the discount to be offered based on the criteria set by the institute.

MBA Scholarships in Ahmedabad by IIM

The IIM-A Special Needs Scholarship is available to PG students whose total family income is less than Rs 15,00,000. The scholarship amount is determined based on various criteria such as annual family income, asset ownership, and number of dependents in the family.

MBA Scholarships in Bangalore IIM

PG students can apply for IIMB Financial Aid if their family income is less than Rs 8,00,000. Students who face financial difficulties due to unforeseen circumstances are also taken into consideration.

The Citi Women’s Leader Award is a scholarship that covers the expenses of the second academic year. Candidates are selected from the top 25% of the batch at the end of the first year. All nominated students are selected based on a statement of purpose and subsequent interviews scheduled by Citi Group.

The IIMB Alumni Batch One Scholarship (1976) aims to assist a female student with special needs each year. The scholarship carries a portfolio of Rs 75,000, a medal and a certificate. If no female student is eligible, the male student is taken into consideration.

NTPC Scholarship Program

Students belonging to Scheduled Castes, Scheduled Tribes or students with disabilities in their second year of management studies are eligible for the scholarship of Rs 48,000 per year. The eligibility criterion is that the student must pass the first year examination in one attempt.

IIM Lucknow MBA Scholarships

IIML need-based scholarships are available to any candidate with a family income of less than Rs 4,00,000. Eligible candidates are shortlisted for a merit-based award. The scholarship covers the tuition fees charged by the institute per year.

MBA Scholarships in Indore by IIM

All students accepted into the Management, Human Resource Management and Integrated Program in Management (IPM) programs, with an annual family income of less than Rs 9,00,000, are eligible to apply for Needs-Based Financial Assistance (NBFA). The NBFA Committee assesses the financial needs of applicants and invites shortlisted candidates for personal interaction.

Industry/Bank Sponsored Scholarships

Many industry-sponsored scholarships are offered to students on the basis of merit. The scholarship value ranges from Rs 6000 to Rs 100,000 annually. The main recipients of these scholarships are Hindustan Lever Ltd. and Reckitt Benckiser, Ratan Tata, Citibank, EXIM Bank, Hughes Software Systems, and Nestle India Ltd. and Central Bank of India, Apeejay Trust, Bharti Foundation, PNB Housing Finance, IDFC and Yes Bank.

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Last updated on December 26, 2021

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