Do you desire to obtain your MBA in the United States but are restricted by the high tuition costs? Well, you are not alone. The cost implications of getting an MBA in the States can cost a fortune, making it unaffordable to many. Thankfully, there are numerous fully-funded MBA scholarships open to international students in the USA. What’s more, these scholarships are available at some of the top universities in the world.
In this blog post, I’ll bring you the top fully-funded MBA scholarships for international students in the USA. You will also discover the requirements needed for the scholarship application. Read on.
Top 9 MBA Scholarships in USA for International Students
Here are some of the major MBA scholarships in the USA for international students:
1. Harvard Business School
Aside from topping the list of the top universities worldwide, Harvard is known for providing several MBA scholarship opportunities for students from the United States and around the globe. The scholarship beneficiaries are selected on merit-based and financial needs making it an attractive choice.
2. Stanford Knight-Hennessy Scholars Program
Stanford offers a fully-funded MBA scholarship program to students from across the globe. The scholars are chosen based on academic excellence, leadership potential, and financial needs.
3. Columbia Business School
Another MBA scholarship opportunity is offered by the Columbia Business School. This school offers various scholarships and fellowship opportunities to international students which includes their tuition and living expenses.
4. University of Chicago Booth School of Business
You can also apply for the MBA scholarship offered at the University of Chicago Booth School of Business. This scholarship is available to exceptional and academically excellent students interested in pursuing their MBA studies in the United States.
5. MIT Sloan School of Management
All new students at the MIT Sloan School of Management have a chance of being awarded a scholarship or fellowship offered by the school and other organizations. Beneficiaries are selected based on academic excellence and community participation.
6. University of Notre Dame’s Mendoza College of Business
The University of Notre Dame’s Mendoza College of Business has numerous scholarships, assistantships, fellowships, and grants programs aimed at easing the educational financial burden on students.
7. Yale School of Management
If you are looking for an MBA scholarship that not only covers tuition fees but also living expenses, Yale School of Management is another option. The school offers international students different scholarships, grants, and fellowships.
8. University of Pennsylvania’s Wharton School
At the University of Pennsylvania’s Wharton School, there are a couple of scholarships offered to deserving students who demonstrate exemplary academic performance, leadership potential, and community engagement.
9. Fulbright MBA Fellowship
The Fulbright MBA fellowship offers a scholarship opportunity to foreigners looking to study in the United States that covers their tuition fees, accommodation, and other living expenses. The scholarships are awarded based on financial needs and merits.
8 Major Requirements For Getting An MBA Scholarship In the United States
As I mentioned earlier, the United States has numerous MBA scholarship programs open to foreigners. Therefore each of the scholarships has its specific requirements. Below are some of the major criteria common to the scholarships:
1. Academic excellence
To get an MBA scholarship, you need to have a good GPA from your undergraduate program. Therefore, you should aim for a minimum of 3.0.
2. Standardized test scores
Ensure to have a good score on either the GMAT or GRE tests, as you will be required to submit your score reports.
3. Work experience
While this might not be a major requirement, having certain work experience can increase your chances of getting the scholarship.
4. Language proficiency
As an international student, you need to prove your proficiency in the English language by passing tests like IELTS or TOEFL.
5. Letters of recommendations
You are also required to submit letters of recommendation alongside your application. These recommendations can be from your mentors or colleagues.
6. Personal statement
Craft a well-written personal statement pointing out your objectives, goals, and personality as it’s often a requirement for an MBA scholarship.
How To Get An MBA Scholarship In The USA
Here’s how to get an MBA in the USA with a full scholarship:
1. Research your options
The first step is to conduct thorough research on available MBA scholarships in the USA. You can check websites such as WeMakeScholars.
2. Begin early
Start your scholarship search and application step as early as you can. This allows you to have diverse options increasing your chances of getting a suitable one.
3. Improve your application
Organize your application by clearly demonstrating your academic achievements, strengths, leadership potential, and other extracurricular activities you engage in.
4. Obtain a High GMAT score
Getting a high GMAT score can significantly increase your chances of getting selected for the scholarship.
5. Ensure your education goals for the business school
Before making the application, evaluate the alignment between your educational goals and the business schools you intend to apply to.
6. Submit your application early
Fill out the application forms and upload all necessary documents before the deadline. This shows your eagerness and enthusiasm toward the program.
Where To Find MBA Scholarships in the United States
To find MBA scholarships in the USA, you can explore the following places:
1. University websites
Different universities in the United States have MBA scholarship opportunities. You can check these websites for available scholarships and their application process.
2. Scholarship websites
You can also find MBA scholarship programs in the United States through popular websites like WeMakeScholars.com, Scholarships.com, and Fastweb.
3. Government programs
Find government-funded scholarship programs that also offer MBA scholarship programs such as the Fulbright Foreign Student Program.
Final Words
Obtaining your MBA at a university in the United States can be quite rewarding. It gives you access to the best professors, state-of-the-art learning facilities, and an enriching environment. While the cost of getting an MBA can be expensive, there are numerous fully-funded MBA scholarships for international students in the USA. Ensure to conduct proper research and choose one that best suits your needs. Good luck!
Faqs
Can I get a 100% scholarship for an MBA in the USA?
Yes, you can get a fully-funded scholarship for your MBA studies in the United States.
Do US universities give scholarships to international students for an MBA?
Yes, they do. Universities like Harvard, Stanford, and Yale all offer foreign students MBA scholarships.