Scholarships for MBA Students: Are you planning to pursue a Masters in Business Administration and want to take admission in top university/college? But do you know an MBA is one of the costliest degrees in India? An intelligent and deserving student like you can’t just drop the dream of pursuing an MBA because of high fees. So, what can you do in order to take admission in India’s top and most prestigious colleges?
You can look and apply for the best MBA scholarships available in India. There are many governments as well as private organizations that provide scholarships in MBA.
MBA as a student & looking for the best scholarships for business management. Many prestigious universities such as IIM along with central and state governments, provide numerous MBA scholarships to the meritorious students every year.
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List of Scholarships for MBA Students
- Aditya Birla Scholarships for IIM and XLRI: Scholarships for MBA Students
The main aim of this Scholarship Programme is to pursue Mr Aditya Birla’s ideals of spawning leaders with a passion to excel. Aditya Birla Scholarship is attained through brilliant and outstanding human leadership values. This Group has a partnership with selected IIMs, IITs, XLRI, law universities and BITS Pilani.
This scholarship can be availed by students pursuing MBA from XLRI or IIM. The scholarship amount is INR 1,75,000 per annum. This is one of the best scholarships one can apply for.
- Sonu Sood’s Scholarships for Higher Education: Scholarships for MBA Students
You all must be knowing about this scholarship. It is recently started by Bollywood Actor, Sonu Sood for the ambitious and deserving candidates who want to pursue higher education. Applications are invited till September from the eligible and top candidates for the Professor Saroj Sood Scholarships for Higher Education. It’s an initiative started by Sonu Sood for the upliftment of deserving candidates who can’t afford high fees. This scholarship is launched in the name of his late mother Professor Saroj Sood. The scholarship aims at providing full scholarships for higher education to the underprivileged students. Students pursuing MBA in any stream can apply for this scholarship.
- OPJEMS (O.P. Jindal Engineering & Management Scholarships): Scholarships for MBA Students
This scholarship was started in 2007 with an aim to provide leadership and academic excellence. A hundred students from 40 top engineering and management colleges are chosen every year for this scholarship. An entrance exam is conducted at the time of admission for first-year students through which ten toppers are selected for this internship. For the students of the second, third and fourth year, the students are selected on the basis of their previous year academic performance. Scholarship amounts to INR 1,50,000 per candidate.
- BML Munjal University MBA Scholarship: Scholarships for MBA Students
This scholarship is initiated by Hero Group. The candidates who are applying at the BML University can get up to 100% scholarship based on their scores of GMAT or CAT/XAT. The scholarship amount is calculated on the basis of marks obtained in entrance exams. Candidates can apply for this scholarship online through the official website of the university. The application process starts in April and finishes in July.
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- Yes Future Ready Scholarship: Scholarships for MBA Students
This scholarship is an initiative of Yes Bank. Meritorious students from 25 top business campuses are selected. 30 top students are selected. The scholarship amounts to INR 2 lakh which is given at the end of the programme to selected candidates who are pursuing a business programme with an aim of solving business-related problems. Mentors are provided which help students to clear all the doubts related to the subject.
- IIMA Special Needs Scholarship: Scholarships for MBA Students
This scholarship is provided by IIMA to all the students admitted to the MBA programme whose gross family income is less than INR 15 lakh. The scholarship amount for each student is determined by the authority of IIMA based on the candidate’s economic status which is calculated on the basis of immovable and movable family assets, family income and other financial criteria’s.
- IIMB PGP Alumni First Batch (1976) Scholarship: Scholarships for MBA Students
This scholarship program was initiated to help differently-abled girl students to pursue PGP. Male students can also avail this scholarship if there are no female candidates eligible for this. The scholarship amounts to INR 75,000, a certificate and a medallion. The main aim of this scholarship is to keep the memory of the 1976 batch of PGP.
- IDFC FIRST Bank Flagship MBA scholarship: Scholarships for MBA Students
IDFC first bank flagship scholarship is for those meritorious and top students who can’t afford an MBA in top colleges due to financial problems. This scholarship is for the students who have already secured a good rank and have taken admission in top B-schools on the basis of merit. The candidate should have a family income of not more than 6 lakh per year. A scholarship amount of INR 2 lakh is given for 2 years full-time MBA course. This scholarship is only applicable to Indian students.
Scholarships for MBA Students: Frequently Asked Questions (FAQs)
- What is the eligibility criteria for MBA scholarships?
For most of the scholarships, students have to apply at their respective colleges, contact the college’s admission committee for knowing the full details.
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- How can one apply fFor MBA scholarship?
You can visit the official website of the college in which you want to take admission to know if there are scholarships available or not and can also check online.
- Is there any scholarship available for migrants and minorities?
Yes. Some Institutes provide scholarship to minorities and migrants as well.