Top MBA Scholarships in 2021

The MBA or Masters in Business Administration is one of the most lucrative graduate degrees a student can pursue. According to the Graduate Management Admissions Council (GMAC) the average starting salary for MBA graduates was $115,000 in 2019. MBA programs can also be quite expensive. Luckily, there are a number of MBA scholarships that can help students pay for their MBA degree!

Jump ahead to:

MBA Scholarships in 2021
Top MBA Scholarships for women
MBA Scholarships at top colleges
Summary of MBA Scholarships
Expired MBA Scholarships

Keep on reading to learn more about how you can pay for your business degree with scholarships and fellowships!

Top MBA Scholarships in 2021

$1,000 Fund Your Future No Essay Scholarship

Eligibility: Open to graduate/masters students in STEM, Nursing, and Business majors within two years of graduating
Amount: $1,000
Deadline: July 31, 2021

Orbis MBA Fellowship

Eligibility: Incoming MBA students who are interested in investment management
Amount: $15,000
Deadline: May 14, 2021

SHRM Graduate Scholarship

Eligibility: Students who are currently attending or have been accepted to a graduate program that is related to Human Resources
Amount: $5,000
Deadline: August 14 (Application opens in May 2021)

Paul and Daisy Soros Fellowships for New Americans

Eligibility: Fellowships are open to college seniors, current graduate students, or prospective graduate students.
Amount: $90,000 over two years
Deadline: October 28, 2021

Hertz Fellowship

Eligibility: Hertz Fellowships include up to five years of funding (including living expenses) for research, mentoring, and workshops
Amount: Up to $250,000
Deadline: October 20, 2021 (Opens August 2021, but you can start preparing application requirements now)

Forté MBA Fellowships

Eligibility: Female students who are applying to Forté partner MBA programs
Amount: Varies
Deadline: Varies

National Association of Black Accountants Scholarships

Eligibility: Students must be black and members of NABA enrolled or accepted to a master’s program in business.
Amount: Varies
Deadline: Varies

MBA Scholarships for women

Top MBA scholarships for women

Forté MBA Fellowships

Eligibility: Female students who are applying to Forté partner MBA programs
Amount: Varies
Deadline: Varies

MBA scholarships at top colleges

If you are interested in earning an MBA, there is a program for you. An MBA can drastically increase a graduate’s salary, but keep in mind that the degree itself is only part of the picture The reputation of the university attended, academic performance, work experience/focus, and location all influence the overall value and MBA. Our list includes just a few of the top programs that offer scholarships and/or fellowships/.

Harvard Business School (HBS)

Eligibility: Four-year bachelor’s degree from an accredited U.S. college or university. Average applicants have a 730 GMAT and 4.7 years’ of work experience
Amount: Varies ($42,000 average scholarship)
Deadline: Round 1: September 8, Round 2: January 5. and Round 3: April 29 (dates change by a day or two each calendar year, so check website)

University of Chicago Booth School of Business

Eligibility: Four-year bachelor’s degree from an accredited U.S. college or university. Average applicants have a 3.6 GPA and 730 GMAT.
Amount: Varies
Deadline: Round 1: September 24, Round 2: January 12. and Round 3: April 1 (dates change by a day or two each calendar year, so check website)

University of Florida Warrington College of Business

Eligibility: Four-year bachelor’s degree from an accredited U.S. college or university. Average applicants have a 3.4 GPA and 680 GMAT. Communication ability, motivation, maturity, career focus, and leadership are all considered
Amount: Varies
Deadline: Round 1: October 15, Round 2: January 15. and Round 3: May 15 (dates change by a day or two each calendar year, so check website)

University of North Carolina Kenan-Flagler MBA

Eligibility: Undergraduate degree from an accredited U.S. college or university. Average of 694 GMAT and five years’ work experience, as well as outstanding personal qualities
Amount: Varies, up to full tuition and living stipend fellowships are offered
Deadline: Round 1: October 13, Round 2: January 5. Round 3: April 12, and Round 4: May 24 (dates change by a day or two each calendar year, so check website)

Arizona State University W. P. Carey Forward Focus MBA Scholarship

Eligibility: Admitted applicants have a GMA of 6.94 and 5.5. years’ work experience
Amount: Varies
Deadline: Rolling

Summary of MBA scholarships

Expired scholarships

Goldman Sachs MBA Fellowship

Eligibility: First-year Hispanic/Latino, Native American, or women MBA students pursuing a 2021 Summer Associate position at Goldman Sachs
Amount: Fellowship recipients receive a $35,000 award in addition to the Summer Associate salary. Upon successful completion of the summer internship and acceptance of a full-time offer, Fellowship recipients will be awarded an additional $40,000, plus any full-time Associate signing bonus
Deadline: March 28, 2021

Military MBA Scholarship

Eligibility: Veterans of the US Military who are MBA applicants
Amount: $20,000
Deadline: October 15, 2020

About Will Geiger

Will Geiger is the co-founder of Scholarships360 and has a decade of experience in college admissions and financial aid. He is a former Senior Assistant Director of Admissions at Kenyon College where he personally reviewed 10,000 admissions applications and essays. Will also managed the Kenyon College merit scholarship program and served on the financial aid appeals committee. He has also worked as an Associate Director of College Counseling at a high school in New Haven, Connecticut.

Will earned his master’s in education from the University of Pennsylvania and received his undergraduate degree in history from Wake Forest University.