Scholarship for MBA Abroad: How to Study MBA in Foreign Countries with Scholarship? Image
MBA: The Why, The Whats & The Hows

Scholarship for MBA Abroad: How to Study MBA in Foreign Countries with Scholarship?

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Yocket Editorial Team
4 mins read
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Dreaming of studying MBA abroad but puzzled about your finances? Well then what are scholarships for if not to help you reduce your financial burden. An MBA abroad definitely requires a great deal of financial commitment and costs about 30,00,000-75,00,000 INR per year. Even when students consider options like an education loan, you have to be worried about repayment. This is why you must definitely consider an MBA in abroad with full scholarship.

Here is how you can study MBA abroad with scholarship. In the following blog, you will find detailed information on scholarship for MBA abroad, application criteria, deadlines, capacity, amount covered and other key insights. 

Table of Contents:

  1. Types of Scholarships for International Students
  2. Popular Scholarships for International Students
  3. Frequently Asked Questions about Scholarship for MBA Abroad

Types of Scholarships for International Students

There are various types of scholarships that international students can avail to for MBA colleges abroad with scholarship. Take a look:

  • Merit-based scholarships: The recipients of this type of scholarship are chosen on the basis of outstanding performance in a particular field which may be related to academics, athletics, some special artistic talent, extracurricular participation, and contribution to society. If such scholarships are renewable, certain criteria needs to be fulfilled to enjoy benefits throughout the program.
  • Need-based scholarships: Some universities also provide need-based scholarship for MBA in foreign country based on need demonstrated through the application. There is always a separate application required to apply for need-based scholarships.
  • Diversity scholarships: International students from specific countries are eligible to receive diversity scholarships or country-specific scholarships which may be awarded by the government or MBA colleges.
  • Program-based scholarships: This is a very popular option for MBA colleges abroad with scholarship. Specific scholarships at B-schools are particularly designed for MBA aspirants and are usually awarded on the basis of academic and professional achievements.
  • Subject-specific scholarships: These are quite similar to program-based scholarships. Here, you will be awarded for pursuing a particular major for example MBA in entrepreneurship. The eligibility for this type of scholarship for MBA abroad is mainly based on previous academic qualifications and major that you are interested in.

Suggested: Check out popular scholarships for MBA for Indian students

Popular Scholarships for International Students

Now that you have learned about the types of scholarship for MBA abroad, you must have understood that there are a variety of options to study MBA in abroad with scholarship. Here are the top 5 scholarships to study MBA abroad with scholarship except MBA foreign universities scholarship that are applicable to various B-schools:

  • Global Study Awards
  • BrokerFish International Student Scholarship
  • Central Sector Scheme of National Overseas Scholarship
  • Go Clean Scholarship
  • Felix Scholarship 

Let us take a look at the key insights for pursuing MBA in foreign countries with scholarship:

  • Global Study Awards

Global Study Awards have been designed to support highly motivated individuals with commitment, interest to study abroad and most importantly potential to contribute to society. The award is presented by the British Council in association with ISIC Association, StudyPortals and British Council IELTS. Therefore to be eligible for this award you must take the IELTS

Application Process

Separate application required

Application Deadlines

Dates to be announced

Amount Covered

£10,000

Capacity

2

Duration

52 weeks

  • BrokerFish International Student Scholarship

Any international student can apply for the BrokerFish International Student scholarship. There is no restriction on the nationality or study program to apply for this scholarship. Moreover, you can use this award towards your tuition fee at any accredited higher education institution. An essay along with other documents must be submitted along with the application.

Application Process

Separate application required

Application Deadlines

21 December 2022

Amount Covered

$1000

Capacity

1

Duration

One-time award

  • Central Sector Scheme of National Overseas Scholarship

This scholarship is designed by the Ministry of Social Justice & Empowerment of the Government of India specially for low income students belonging to the Scheduled Castes, Denotified Nomadic and Semi-Nomadic Tribes, Landless Agricultural Laborers and Traditional Artisans category. The recipient can pursue any master’s or PhD degree abroad with this scholarship. Moreover, 30% of the awards are reserved for women.

Application Process

National Overseas Scholarship Online Application

Application Deadlines

September-October every year

Amount Covered

$33,800

Capacity

100

Duration

Throughout the program

  • Go Clean Scholarship

The Go Clean scholarship is designed for hardworking students from any nationality. The scholarship is open for all students interested in pursuing undergraduate, postgraduate, PhD degrees in US, UK, Australia, Canada and other countries. You need to submit a 500 to 750 words essay on “How to Keep the Environment Green and Clean?”.

Application Process

Go Clean Scholarship Application

Application Deadlines

31 December 2022

Amount Covered

$3,500

Capacity

1

Duration

One-time award

  • Oxford Pershing Square Scholarship

The Oxford Pershing Square Scholarship is awarded by the Pershing Square Scholarships. The recipients will be selected on the basis of GMAT/ GRE scores, leadership potential, personal characteristics, ambitious towards their career, ability to provide sustainable solutions and can express an articulated vision on the MBA program at Oxford. To apply, you will have to submit an application, scholarship essay and attend an interview.

Application Process

Oxford 1+1 MBA application

Application Deadlines

January every year

Amount Covered

Full scholarship + grant for living expenses of at least £15,609 per year

Capacity

6

Duration

Program duration

With this we come to the end of our discussion on MBA from abroad with scholarship. Apart from some of the most popular scholarships discussed above, you will find a number of MBA foreign universities scholarship for studying in the UK, USA, Canada, Australia, Germany or any other country for that matter. You will be presented with several opportunities along the way but the task for you is to prove yourself worthy of that award and get a full scholarship for MBA abroad. Not only excellent grades but also your leadership and communication skills, talent and professional experience are important for securing an MBA in abroad scholarship.

Frequently Asked Questions about Scholarship for MBA Abroad

Ques. How can I study MBA for free?

Ans. You can apply for a full scholarship to study MBA for free in foreigh countries. Although the number of full scholarships available are limited and very competitive. You can also reduce your overall cost by opting for a B-school that offers an affordable MBA in a city with a low cost of living and even apply for a work-study program.

Ques. Can international students study MBA in foreign countries with scholarship?

Ans. Yes, international students can apply and avail different types of scholarships to study MBA in foreign countries.

Ques. Which country gives a full scholarship for MBA abroad?

Ans. Germany is popular for offering a full scholarship for MBA abroad known as DAAD. Apart from this, the UK also offers some full scholarship opportunities for MBA.

Ques. How can I qualify to study MBA in abroad with scholarship?

Ans. As you know, full scholarships are extremely competitive therefore start your preparations in advance and keep working hard throughout your undergraduate degree. Plan your application in a way to stand out from others and focus more on your scholarship essay.

Ques. Which country offers the cheapest MBA?

Ans. You can find affordable MBA programs in Germany, Canada, Switzerland, Ireland, Malaysia and Netherlands among other countries.

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