Pursuing an MBA in the USA as an international student can be an enriching experience, but it can also be financially challenging. Fortunately, there are numerous scholarship opportunities available to help ease the burden and make your dream a reality.

Here’s a guide to help you find MBA scholarships in the USA for international students:

Top MBA Scholarships in USA for International Students

There are many MBA scholarships available for international students in the USA. Here are some of the top scholarships:

1. Fulbright Foreign Student Program

The Fulbright Foreign Student Program is an incredible opportunity for international students to pursue academic and professional goals in the U.S. By carefully researching the program, preparing a strong application, and demonstrating your commitment, you can increase your chances of being awarded this prestigious scholarship and embarking on a transformative journey. This program provides full funding for international students to pursue a master’s degree in the USA. 

It is also worth noting that the Fulbright Foreign Student Program (FFSP) is a prestigious scholarship program funded by the U.S. Department of State and administered by the Institute of International Education (IIE). It offers funding for graduate students, young professionals, and artists from abroad to pursue research, study, or professional development opportunities in the United States.

2. Harvard University – MBA Scholarships / Boustany MBA

Harvard Business School offers various scholarship opportunities for its MBA program, including need-based and merit-based awards. These scholarships can cover a significant portion of your tuition fees and living expenses.

Some notable scholarships include:

• Dean’s Excellence Scholarships: Awarded to outstanding students with exceptional academic records and leadership potential.
• Need-based scholarships: Consider financial need alongside academic merit.
• Special merit scholarships: Recognize achievements in specific areas like social impact or entrepreneurship.

3. Forté Foundation Fellows Program

This program provides fellowships to women pursuing an MBA degree at participating business schools in the USA. The fellowship covers up to 50% of tuition fees and provides access to career development resources.

4. The Rotary Foundation Global Grant

This grant provides funding for graduate-level coursework or research in one of the six areas of focus of the Rotary Foundation. The scholarship covers tuition, living expenses, and travel costs.

Scholarships In USA FAQS

What are MBA scholarships?

MBA scholarships are financial awards offered to students pursuing a Master of Business Administration (MBA) degree. They can help offset the significant cost of tuition and living expenses associated with top MBA programs, making the valuable education more accessible to a wider range of students.

What are the different types of scholarships?

• Merit-based scholarships: Awarded based on academic excellence, GMAT/GRE scores, work experience, leadership potential, and other achievements. Examples include the Forté Foundation Fellows Program and the Fulbright Scholarship.
• Need-based scholarships: Consider financial need alongside academic merit. Explore options like the Paul & Daisy Soros Fellowships for New Americans and the Mastercard Scholarship for International Students.
• Diversity scholarships: Promote diversity and inclusion in MBA programs. Check out the Consortium to Promote Diversity & Inclusion in Business and the National Black MBA Association’s Scholarships.
• School-specific scholarships: Many universities offer their scholarships for MBA students. Contact the financial aid offices of your target schools for detailed information.
• Government and NGO scholarships: Explore options like the Fulbright Program and the German Academic Exchange Service (DAAD) for funding opportunities.

What is the difference between a grant and a scholarship?

Grants and scholarships are both types of financial aid that can help students pay for their education. The main difference between the two is that grants are typically awarded based on financial need, while scholarships are usually awarded based on merit.

What is the tuition range for MBA programs?

The cost of an MBA program can vary depending on the school, location, and other factors. According to a Forbes Advisor article, the average cost of an MBA degree is $61,800. However, the cost can range from $30,000 to $120,000. The average cost of a top-ranked MBA in the US is approximately $225,605, which includes tuition, fees, living costs, healthcare, and school materials.

Does my scholarship pay my entire tuition?

There’s no one-size-fits-all answer as it depends on the type of scholarship you have. Some scholarships cover the entire tuition fee, while others may only cover a portion of it.

If you’re unsure about the details of your scholarship, you can contact the scholarship provider or the financial aid office of your school to get more information.

Remember, securing an MBA scholarship requires dedication, research, and a strong application. By following these tips and exploring various resources, you can increase your chances of finding the financial support you need to pursue your MBA dream.