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Top 31 MBA Scholarships in March 2024

Written by 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.

Full Bio

Learn about our editorial policies

Updated: March 1st, 2024

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!

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

Read More
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Scholarship Review Process

The Scholarships360 Research Team reviews all scholarships individually and strives to exclude any scholarship where any of the below applies:

  • The scholarship requires a fee to apply
  • The scholarship provider’s privacy policy allows for the misuse of student data
  • The scholarship requires paid membership in an organization (with certain exceptions for reputable trade organizations and others)
  • Student are required to sign up for a site or service to apply*
  • The scholarship seems primarily used for lead generation** or idea harvesting purposes***
  • The scholarship website has many grammatical errors and/or advertisements
  • The scholarship or scholarship providing organization seem untrustworthy
  • There is no evidence the scholarship was previously awarded
  • The scholarship has not been awarded in the past 12 months
  • There is no available contact information

If you believe a scholarship has been published in error, please reach out to [email protected] and we’ll take a look!


* There are certain exceptions to this, for example if the sponsoring organization is a major corporation or nonprofit with its own scholarship application system.
** Lead generation scholarships will require students to sign up for an app or website and require minimal (if any) application requirements.
***Idea harvesting scholarships will require students to submit blog posts or other materials that companies may use for marketing purposes.

Learn about our editorial policies
31 scholarships
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$10,000 “No Essay” Scholarship

This scholarship has been verified by the scholarship providing organization.

Offered by Scholarships360

Exclusive
1 award worth $10,000
Deadline Jun 30, 2024
Grade Level All Grade Levels

Offered by Scholarships360

Exclusive

The Scholarships360 $10,000 “No Essay” Scholarship is open to all students who want some extra help paying for their education. Whether you are a high…Show More

The Scholarships360 $10,000 “No Essay” Scholarship is open to all students who want some extra help paying for their education. Whether you are a high…Show More

The Scholarships360 $10,000 “No Essay” Scholarship is open to all students who want some extra help paying for their education. Whether you are a high school student who hopes to go to college, a graduate student who’s in a master’s program, or an adult learner who wants to return to school, you are eligible for our no essay scholarship. This scholarship will be awarded to students who get the most out of Scholarships360 scholarships and content. You will be a strong applicant if you apply to scholarships with the Scholarships360 platform. Finalists for this scholarship will be interviewed about their process for funding their education.Show Less

1 award worth $10,000
Deadline Jun 30, 2024
Grade Level All Grade Levels
Apply

$2,000 Sallie Mae Scholarship

This scholarship has been verified by the scholarship providing organization.

Offered by Sallie Mae

Easy Application
1 award worth $2,000
Deadline Mar 31, 2024
Grade Level HS Upperclassmen, College & Graduate Students

Offered by Sallie Mae

Easy Application

Sallie Mae will award $2,000 each month to eligible entrants. No essay or account sign-ups, just a simple scholarship for those seeking help paying for…

Sallie Mae will award $2,000 each month to eligible entrants. No essay or account sign-ups, just a simple scholarship for those seeking help paying for…

Sallie Mae will award $2,000 each month to eligible entrants. No essay or account sign-ups, just a simple scholarship for those seeking help paying for school.

1 award worth $2,000
Deadline Mar 31, 2024
Grade Level HS Upperclassmen, College & Graduate Students
Apply

“Gutsy Graduate Student” Essay Scholarship

This scholarship has been verified by the scholarship providing organization.

Offered by Scholarships360

Exclusive
1 award worth $500
Deadline Jan 31, 2025
Grade Level Graduate Students

Offered by Scholarships360

Exclusive

Ok, so first question–why is this scholarship named the “Gutsy” Graduate Student Essay Scholarship? If you are enrolled in graduate school (during the 2024-25 academic…Show More

Ok, so first question–why is this scholarship named the “Gutsy” Graduate Student Essay Scholarship? If you are enrolled in graduate school (during the 2024-25 academic…Show More

Ok, so first question–why is this scholarship named the “Gutsy” Graduate Student Essay Scholarship? If you are enrolled in graduate school (during the 2024-25 academic year) or have heard stories from those enrolled, you already know! “Gutsy” means courageous and determined, which nearly all successful graduate students are. Why else would one continue on with rigorous academics while often living on a shoestring? The rewards of graduate school are numerous, especially the more focused and advanced level of specialized study in your chosen field. Learning with like-minded people who share your passion is fulfilling, and the networking is awesome. The flipside of graduate school is the costly student loans to fund it. With this in mind, the "Gutsy" Graduate Student Essay Scholarship aims to help out a passionate graduate student who is actively looking for ways to fund their higher education journey. Please note that applicants will be reviewed based on both the quality of their essay and quantity of scholarships applied for on the Scholarships360 platform. Scholarships360 users who are more active on the platform will be given higher consideration. Good luck on your educational journey, and we hope to read your application! Show Less

1 award worth $500
Deadline Jan 31, 2025
Grade Level Graduate Students
Apply

$40,000 BigFuture Scholarship

This scholarship has been verified by the scholarship providing organization.

Offered by The College Board

Easy Application
Multiple awards worth up to $40,000
Deadline Mar 31, 2024
Grade Level High School Sophomores & Juniors

Offered by The College Board

Easy Application

Open to US-based high school students in the class of 2025 and 2026 - no essay, no minimum GPA, and no citizenship requirements.

Open to US-based high school students in the class of 2025 and 2026 - no essay, no minimum GPA, and no citizenship requirements.

Open to US-based high school students in the class of 2025 and 2026 - no essay, no minimum GPA, and no citizenship requirements.

Multiple awards worth up to $40,000
Deadline Mar 31, 2024
Grade Level High School Sophomores & Juniors
Apply

“Follow Your Own Path” Essay Scholarship

This scholarship has been verified by the scholarship providing organization.

Offered by Scholarships360

Exclusive
1 award worth $500
Deadline Jan 31, 2025
Grade Level College & Graduate Students

Offered by Scholarships360

Exclusive

At Scholarships360, our mission is to help students find and fund their postsecondary education. We know that students have a variety of educational and career…Show More

At Scholarships360, our mission is to help students find and fund their postsecondary education. We know that students have a variety of educational and career…Show More

At Scholarships360, our mission is to help students find and fund their postsecondary education. We know that students have a variety of educational and career interests and aspirations. That is why we are offering the “Follow Your Own Path” Essay Scholarship. This scholarship aims to support all current postsecondary students, regardless of the type of education they are pursuing. Thus, no matter your own unique educational path, we hope you apply for this $500 scholarship. In order to apply for the “Follow Your Own Path” Essay Scholarship, students must submit an essay about their career ambitions. Please note that applicants will be reviewed based on both the quality of their essay and quantity of scholarships applied for on the Scholarships360 platform. Scholarships360 users who are more active on the platform will be given higher consideration. We look forward to reading your application!Show Less

1 award worth $500
Deadline Jan 31, 2025
Grade Level College & Graduate Students
Apply

Niche $10,000 “No Essay” Scholarship

This scholarship has been verified by the scholarship providing organization.

Offered by Niche

Easy Application
1 award worth $10,000
Deadline Mar 31, 2024
Grade Level All Grade Levels

Offered by Niche

Easy Application

Easy scholarship open to all high school and college students, as well as anyone looking to attend college or graduate school in the next year

Easy scholarship open to all high school and college students, as well as anyone looking to attend college or graduate school in the next year

Easy scholarship open to all high school and college students, as well as anyone looking to attend college or graduate school in the next year

1 award worth $10,000
Deadline Mar 31, 2024
Grade Level All Grade Levels
Apply

Stokes Scholarship Programs

Offered by Central Intelligence Agency

Multiple awards worth up to $25,000
Deadline Jun 30, 2024
Grade Level College & Graduate Students

Offered by Central Intelligence Agency

The Stokes Scholarship Programs are funded by the Central Intelligence Agency, a U.S. government agency that provides objective intelligence on foreign countries and global issues…Show More

The Stokes Scholarship Programs are funded by the Central Intelligence Agency, a U.S. government agency that provides objective intelligence on foreign countries and global issues…Show More

The Stokes Scholarship Programs are funded by the Central Intelligence Agency, a U.S. government agency that provides objective intelligence on foreign countries and global issues to the president, the National Security Council, and other policymakers to help them make national security decisions. Every year, their Stokes Scholarship Program awards up to $25,000 to multiple postsecondary students who are willing to work one to two 90-day sessions at the CIA before graduating. In addition, scholarship recipients must commit to working at the CIA for a period of 1.5 years for each year they receive the scholarship. If you're an undergraduate or graduate student wanting to work at the Central Intelligence Agency, we encourage you to apply! Keep on reading to learn more.Show Less

Multiple awards worth up to $25,000
Deadline Jun 30, 2024
Grade Level College & Graduate Students
Get Started

Niche $25,000 No Essay Scholarship

This scholarship has been verified by the scholarship providing organization.

Offered by Niche

Easy Application
1 award worth $25,000
Expired deadline March 2025
Grade Level All Grade Levels

Offered by Niche

Easy Application

Easy scholarship open to all high school and college students, as well as anyone looking to attend college or graduate school in the next year.

Easy scholarship open to all high school and college students, as well as anyone looking to attend college or graduate school in the next year.

Easy scholarship open to all high school and college students, as well as anyone looking to attend college or graduate school in the next year.

1 award worth $25,000
Expired deadline March 2025
Grade Level All Grade Levels
Apply

$25k “Be Bold” No-Essay Scholarship

This scholarship has been verified by the scholarship providing organization.

Offered by Bold.org

Easy Application
1 award worth $25,000
Deadline Apr 1, 2024
Grade Level All Grade Levels

Offered by Bold.org

Easy Application

Open to high school students, college students, community college students, and graduate students.

Open to high school students, college students, community college students, and graduate students.

Open to high school students, college students, community college students, and graduate students.

1 award worth $25,000
Deadline Apr 1, 2024
Grade Level All Grade Levels
Apply

Jane M. Klausman Women in Business Scholarship

Offered by Zonta International

Multiple awards worth $5,000
Deadline Varies
Grade Level College Sophomores, Juniors, Seniors & Grad Students

Offered by Zonta International

Are you a woman pursuing a degree in business or a related field? If so, consider applying for the Jane M. Klausman Women in Business…Show More

Are you a woman pursuing a degree in business or a related field? If so, consider applying for the Jane M. Klausman Women in Business…Show More

Are you a woman pursuing a degree in business or a related field? If so, consider applying for the Jane M. Klausman Women in Business Scholarship! The scholarship is open to women pursuing an undergraduate or graduate degree in business or a related field of study. Applicants must also live or study in a Zonta region. Zonta International, a global organization dedicated to supporting and empowering women in business, offers the scholarship to honor Jane M. Klausman. She was a member of the Zonata Club of New York and was a professional secretary, parliamentarian, and entrepreneur. To carry on her legacy, Zonta International awards 37 international scholarships worth $5,000 to lucky recipients every year. If you are a woman passionate about business and would like some help funding your education, we encourage you to apply! Show Less

Multiple awards worth $5,000
Deadline Varies
Grade Level College Sophomores, Juniors, Seniors & Grad Students
Get Started

Forté MBA Fellowships

Offered by Forte Foundation

Multiple awards worth Varies
Deadline Varies
Grade Level Graduate Students

Offered by Forte Foundation

Are you a female student considering an MBA and looking for resources to fund your education? If so, consider applying for the Forté MBA Fellowships!…Show More

Are you a female student considering an MBA and looking for resources to fund your education? If so, consider applying for the Forté MBA Fellowships!…Show More

Are you a female student considering an MBA and looking for resources to fund your education? If so, consider applying for the Forté MBA Fellowships! The Forté MBA Fellowships are open to female students enrolled in MBA programs at any Forté partner school. The scholarship is funded by Forté, an organization that launches women into fulfilling careers through access to business education and to a community of determined, successful women. Their Forté Fellowships are prestigious awards recognized within the business school community that exhibit recipients' exemplary leadership, diverse backgrounds, and commitment to advancing women in business. Each year, the fellowship provides awards of varying amounts to help lucky MBA students pay for their educational expenses. If you’re an aspiring MBA student looking for help to pay off your education, we encourage you to apply to a Forté partner school! Once accepted, you will be considered for the Forté MBA Fellowships.Show Less

Multiple awards worth Varies
Deadline Varies
Grade Level Graduate Students
Get Started

$10,000 CollegeXpress Scholarship

This scholarship has been verified by the scholarship providing organization.

Offered by CollegeXpress

Easy Application
1 award worth $10,000
Deadline May 1, 2024
Grade Level High School Freshmen, Sophomores & Juniors

Offered by CollegeXpress

Easy Application

Annual $10k scholarship from CollegeXpress open to all high school freshmen, sophomores, and juniors.

Annual $10k scholarship from CollegeXpress open to all high school freshmen, sophomores, and juniors.

Annual $10k scholarship from CollegeXpress open to all high school freshmen, sophomores, and juniors.

1 award worth $10,000
Deadline May 1, 2024
Grade Level High School Freshmen, Sophomores & Juniors
Apply

National Black MBA Association Partner Scholarships

Offered by National Black MBA Association

Multiple awards worth $1,000 - $50,000
Deadline Varies
Grade Level College & Graduate Students

Offered by National Black MBA Association

Are you a Black student majoring or intending to major in business at one of the National Black MBA Association's partner institutions? If so, consider…Show More

Are you a Black student majoring or intending to major in business at one of the National Black MBA Association's partner institutions? If so, consider…Show More

Are you a Black student majoring or intending to major in business at one of the National Black MBA Association's partner institutions? If so, consider applying for some of the many National Black MBA Association Partner Scholarships available! Each year, the National Black MBA Partners offer a multitude of scholarships worth up to $50,000. As many scholarships are available, their deadlines and awards vary. Each is offered by one of the partners of the National Black MBA Association, an organization dedicated to the creation of educational, wealth-building, and growth opportunities for those historically underrepresented throughout their careers as students, entrepreneurs, and professionals. If you’re a Black student majoring or intending to major in business at one of the National Black MBA Association's partner institutions, we encourage you to apply!Show Less

Multiple awards worth $1,000 - $50,000
Deadline Varies
Grade Level College & Graduate Students
Get Started

Goldman Sachs MBA Fellowship

Offered by Goldman Sachs

Multiple awards worth $35,000
Deadline Rolling
Grade Level Graduate Students

Offered by Goldman Sachs

Are you a first-year MBA student seeking a summer internship at Goldman Sachs? You might consider applying for the Goldman Sachs MBA Fellowship! This program…Show More

Are you a first-year MBA student seeking a summer internship at Goldman Sachs? You might consider applying for the Goldman Sachs MBA Fellowship! This program…Show More

Are you a first-year MBA student seeking a summer internship at Goldman Sachs? You might consider applying for the Goldman Sachs MBA Fellowship! This program is open to Black, Hispanic/Latinx, Native American, and female students currently enrolled in a Master of Business Administration program. The fellowship is funded by Goldman Sachs themselves and is an excellent opportunity for students interested in investment banking or private wealth management. 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. If you’re a first-year MBA student looking to get your foot in the door at a multinational investment bank like Goldman Sachs, consider applying! Show Less

Multiple awards worth $35,000
Deadline Rolling
Grade Level Graduate Students
Get Started

$1,000 Appily Easy College Money Scholarship

This scholarship has been verified by the scholarship providing organization.

Offered by Appily

Easy Application
Monthly awards worth $1,000
Deadline Mar 31, 2024
Grade Level High School Freshman, High School Sophomore, High School Junior, College Freshman & College Sophomore

Offered by Appily

Easy Application

This easy scholarship from Appily is open to U.S. high school students (Class of 2025, 2026, 2027) and college transfer students. One scholarship will be…Show More

This easy scholarship from Appily is open to U.S. high school students (Class of 2025, 2026, 2027) and college transfer students. One scholarship will be…Show More

This easy scholarship from Appily is open to U.S. high school students (Class of 2025, 2026, 2027) and college transfer students. One scholarship will be awarded each month.Show Less

Monthly awards worth $1,000
Deadline Mar 31, 2024
Grade Level High School Freshman, High School Sophomore, High School Junior, College Freshman & College Sophomore
Apply

Ritchie-Jennings Memorial Scholarship Program

Offered by Association of Certified Fraud Examiners

Multiple awards worth up to $10,000
Expected deadline February 2025
Grade Level College Sophomore & Graduate Student

Offered by Association of Certified Fraud Examiners

Are you an undergraduate or graduate student pursuing a degree in accounting, business administration, criminal justice, or finance? If so, you might be interested in…Show More

Are you an undergraduate or graduate student pursuing a degree in accounting, business administration, criminal justice, or finance? If so, you might be interested in…Show More

Are you an undergraduate or graduate student pursuing a degree in accounting, business administration, criminal justice, or finance? If so, you might be interested in the Ritchie-Jennings Memorial Scholarship Program! The scholarship is open to college sophomores, juniors, seniors, or grad students studying a fraud-related discipline. The Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organization, offers the scholarship. It was named after Larry Jennings and Tracy Ritchie, two former ACFE members who were dedicated to "deterring fraud and other white-collar crime."  If you are also passionate about fighting fraud, we encourage you to apply for the Ritchie-Jennings Memorial Scholarship Program! Recipients can earn up to $10,000 to go towards their postsecondary education costs. Additionally, recipients earn a full year of ACFE membership. Show Less

Multiple awards worth up to $10,000
Expected deadline February 2025
Grade Level College Sophomore & Graduate Student
Get Started

Mary Elizabeth Lockwood Beneventi MBA Scholarship

Offered by Daughters of the American Revolution

1 award worth $2,000
Expected deadline January 2025
Grade Level Graduate Students

Offered by Daughters of the American Revolution

Introducing the Mary Elizabeth Lockwood Beneventi MBA Scholarship - an incredible opportunity offering a one-time award of $2,000 to a dedicated graduate student pursuing a…Show More

Introducing the Mary Elizabeth Lockwood Beneventi MBA Scholarship - an incredible opportunity offering a one-time award of $2,000 to a dedicated graduate student pursuing a…Show More

Introducing the Mary Elizabeth Lockwood Beneventi MBA Scholarship - an incredible opportunity offering a one-time award of $2,000 to a dedicated graduate student pursuing a full-time business administration program at an accredited college or university. With a minimum GPA requirement of 3.25, this scholarship presents a fantastic opportunity for aspiring business leaders. While it's not automatically renewable, recipients have the chance to reapply for consideration each year. Don't miss out on this amazing chance to fuel your academic journey and unlock your potential in the world of business!Show Less

1 award worth $2,000
Expected deadline January 2025
Grade Level Graduate Students
Get Started

$5,000 Christian Connector Scholarship

This scholarship has been verified by the scholarship providing organization.

Offered by Christian Connector

Easy Application
1 award worth $5,000
Deadline May 31, 2024
Grade Level High School Freshmen, Sophomores & Juniors

Offered by Christian Connector

Easy Application

Students applying to the $5,000 Christian Connector Scholarship must be current high school students (Class of 2025, 2026, or 2027) interested in attending a Christian…

Students applying to the $5,000 Christian Connector Scholarship must be current high school students (Class of 2025, 2026, or 2027) interested in attending a Christian…

Students applying to the $5,000 Christian Connector Scholarship must be current high school students (Class of 2025, 2026, or 2027) interested in attending a Christian university or college.

1 award worth $5,000
Deadline May 31, 2024
Grade Level High School Freshmen, Sophomores & Juniors
Apply

Selected Professions Fellowship

Offered by American Association of University Women (AAUW)

Multiple awards worth up to $20,000
Expected deadline November 2024
Grade Level Graduate Students

Offered by American Association of University Women (AAUW)

Are you a woman in a traditionally male-dominated master's degree program? If so, you might be interested in applying for the Selected Professions Fellowship! The…Show More

Are you a woman in a traditionally male-dominated master's degree program? If so, you might be interested in applying for the Selected Professions Fellowship! The…Show More

Are you a woman in a traditionally male-dominated master's degree program? If so, you might be interested in applying for the Selected Professions Fellowship! The fellowship is open to all university women who are looking to receive their degrees in predominantly male-dominated fields. Among these include architecture, computer science, engineering, and mathematics. For women of color, MBA, Law, and doctorate programs are also acceptable. Every year, selected recipients are awarded $20,000 each to help pay for their master’s programs. If you are a woman pursuing a degree in a traditionally male-dominated master's degree program, we encourage you to apply!Show Less

Multiple awards worth up to $20,000
Expected deadline November 2024
Grade Level Graduate Students
Get Started

AG Morgan Grant

Offered by AG Morgan Financial Advisors

1 award worth $1,000
Expected deadline November 2024
Grade Level College & Graduate Students

Offered by AG Morgan Financial Advisors

The AG Morgan Grant for Entrepreneurs is open to undergraduate and graduate students who have a passion for entrepreneurship. The grant is awarded to one…Show More

The AG Morgan Grant for Entrepreneurs is open to undergraduate and graduate students who have a passion for entrepreneurship. The grant is awarded to one…Show More

The AG Morgan Grant for Entrepreneurs is open to undergraduate and graduate students who have a passion for entrepreneurship. The grant is awarded to one outstanding student every year through an essay contest. Applicants are required to submit a 500-1000 word essay answering the question: "What inspired you to pursue entrepreneurship and what are your long-term goals for your business?” If you're a post-secondary student with a passion for business, don’t miss this opportunity to take the first step towards a successful career in entrepreneurship! Keep on reading to learn more.Show Less

1 award worth $1,000
Expected deadline November 2024
Grade Level College & Graduate Students
Get Started
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How to win MBA scholarships

Now that you’ve got a great list of scholarships to consider, it’s time to start applying! Remember, every scholarship opportunity receives many applications, so in order to win, you’ll have to put together a standout application.

Before you start to apply, take some time to reflect on your aspirations, strengths, and past experience. Think about how you want to change the world with your MBA degree, how you’ll get there, and your past accomplishments that speak to your ability to do so. Try jotting these down in bullet points on a piece of paper to get all your thoughts on the page.

Don’t worry about succinctness or grammar or spelling; just get your thoughts out in front of you, and then come back to this page as you write your essays. This allows you to focus on your thoughts initially, and then use the actual writing process to focus on making your essay succinct, powerful, and compelling.

Writing the perfect essay

Once you’ve figured out what you’re going to write about, it’s time to work on crafting that perfect essay. We can help you out with guides on how to start and end a scholarship essay, how to write a winning scholarship essay, and the best ways to respond to a “Why do you deserve this scholarship?” prompt. We can also show you how to tailor your writing to 250 or 500 word limits, and write a scholarship resume. Good luck!

College-specific MBA scholarships

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 Minnesota Carlson School of Management

  • Eligibility: Wide variety of scholarships and stipends for academic achievement, U of Minnesota alums, women, diverse applicants, residents of Minnesota, veterans, and international students!
  • Amount: Varies, up to full tuition.
  • Deadline: Round 1: October 1, Round 2: December 1, Round 3: February 1, Round 4: April 1, Round 5 (Domestic applicants only): June 1 (Unless noted all scholarships do not require a supplemental application)

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

How to pay for your MBA 

If you are a prospective MBA student you are probably aware that getting your MBA can be quite expensive (for reference, the most expensive MBA at the MIT Sloan School of Management costs around $120,000 per year). This is why it is so important to put together a plan for paying for your MBA. 

Below, we’ll walk through the basics of financing your MBA program so you can put together a plan to pay for your degree.

Scholarships & fellowships

Whether you are applying for outside scholarships or college-specific opportunities, there are scholarships, grants, and fellowships available for MBA students. The best part about these funding opportunities is that they do not need to be repaid and are essentially free money to subsidize your degree. If finances are going to play a major factor in your MBA school choice, you should be sure to include MBA programs that offer generous scholarship and fellowship awards. 

Employer aid

In addition to scholarships, tuition reimbursement can be a great way to subsidize your MBA. Tuition reimbursement is an employee benefit that companies offer to help provide financial support to employees who are furthering their education. If you want to learn more about employee tuition reimbursement and what companies offer it, check out our tuition reimbursement guide to learn more.                                                                

Personal savings

Many MBA students will have a few years of work experience, which means that they may have some savings (and in the case of students who are doing their MBA part-time, income to pay for their degree). Depending on your financial situation and budget, this can be a smart way to cover at least some of your MBA costs.

Student loans

MBA students can pay for costs that are not covered by scholarships, fellowships, or personal savings with student loans. This can include student loans from the federal government, as well as private student loans. Students should note that to qualify for federal student loans, you will need to complete the Free Application for Federal Student Aid or FAFSA.

Frequently asked questions

Can you get a fully funded MBA?

Yes, there are full scholarships available for MBA students. Your best bet is to look into specific MBA programs, like the University of North Carolina Kenan-Flagler School of Business or University of Minnesota Carlson School of Management that offer scholarships that go up to full funding.

Other options for full funding include the Questbridge Graduate School Match program which provides full funding at top MBA programs like Stanford Graduate School of Business, Haas School of Business, University of California, Berkeley, the University of Chicago Booth School of Business, the Wharton School of the University of Pennsylvania, and the Yale School of Management. The big caveat wit the Questbridge Graduate program is that it is for alumni of the Questbridge undergraduate program only.

Can you get a scholarship for an online MBA?

Unless specifically stated, all MBA scholarships will be applicable at an online MBA program. When in doubt, you can also contact the financial aid office at your college (or the college you are considering). Additionally, you can check out our top scholarships for online students that’s updated each month with new, vetted scholarships.

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