The MBA program is one of the most sought-after programs by international students in the USA. Many top-ranked universities in the country offer high-quality education and extraordinary learning experiences that can be a great booster to a student’s career.
Despite the benefits of studying an MBA in the USA, the costs can be immensely expensive, with tuition fees reaching thousands of dollars. However, there are over a thousand scholarships available to international students at top USA universities that can fund the program without worrying about study finances and other expenses.
It’s essential to apply for these scholarships early and to as many institutions as possible to increase your chances of receiving funding. Many highly ambitious students from all over the world apply for these scholarships, so competition can be fierce.
Below are some of the top universities and business schools offering MBA scholarships in the USA:
Stanford university : With the Stanford Knight-Hennessy Scholars Program – Stanford Business School,
University of Minnesota fellowship; This scholarship is fully funded. It covers tuition cost, Living expenses, Travel allowance and health insurance.
Columbia Business School; This scholarship caters for tuition and other expenses throughout the applicant’s study year. See link for details https://undergrad.admissions.columbia.edu/apply/intl_fa
Harvard university; The HBS MBA Scholarship is a fully funded scholarship worth about 100,000 US dollars available to international students.
Wharton School of Business: NYU Stern School of Business : William R. Berkley Scholarship is a fully funded international scholarship for international students available at the New York University (NYU). The scholarship welcomes international students from all nationals to apply.
Sloan School of Management: There several scholarships available at Sloan School of Management and they are merit-based MBA scholarships.
Master’s Fellowship: Students from all nationals can access this scholarships in the MBA course, and their value is from $ 5,000 to a fully covered area. This is the plan that can be fully funded by scholarships. The scholarship is aimed at various classrooms.
The McKinsey Award is available for all international students to receive the award, but only obtains the application and interviews of four students each year. It is recommended to apply early, because the recording gives restrictions.
Generally, applicants must complete a first -level degree. Bachelor degree or equivalent degree.
The main requirements for applying for these scholarships are as follows:
- Recommendation letter: A reliable and honorable referee recommending and referencing the applicant.
- English Test (IELTS, TOEFL, CELPIP etc)
- A concise statement of purpose or essay on why you should be chosen and granted the scholarship over other candidates.
These scholarships are either partially or fully funded and typically provide an average monthly allowance of $2,000, along with accommodation, tuition, health insurance, and travel grants. However, it’s important to note that scholarships are granted based on merit and are awarded to academically outstanding students.
In summary, if you’re an international student looking to pursue an MBA in the USA, applying for scholarships is an excellent option to fund your studies. With over a thousand scholarships available, it’s essential to apply early and to as many institutions as possible to increase your chances of receiving funding.