Scholarships, Awards, Grants and Bursaries for MBA and Master Programs
There a numerous scholarships available for MBA and Master degrees. Type and number of scholarships offered by any university, business school, government body or interest group can vary from year to year. Competition to be awarded a scholarship is strong, particularly for programs at top business schools.
Scholarships and Awards by Business Schools
Several business schools offer MBA scholarships and awards to local and international students. Some of these scholarships or awards focus particularly on students from a specific country or region. Some business schools have special scholarships available to female students or graduates with an engineering background. The majority of scholarships or awards offered by universities and business schools cover only the tuition fees. The awards criteria is usually merit based and the prospect graduate student has to provide proof of academic excellence. Some scholarships are also need based. Students usually have to demonstrate academic excellence and have to attest their financial need.
Funding by Charities, Foundations and Interest Groups
Several not-for-profit organisations, charities and other interest groups offer local and international scholarships. These scholarships often reflect the activity of the interest group and as such may only be available to engineers, women, minorities, prospect students from a special religious background or prospect MBA and Master students from specific developing or emerging countries in Asia and Africa.
Some companies offer their employees a paid MBA. However the employee usually has to commit to work for a certain amount after graduating with the MBA.