How to get Scholarship to study MBA abroad

MBA is the most preferred graduation among Indian students.  According to a survey issued by QS top universities, management study is ranked fifth among other professional courses. In addition to it, this course offers all necessary soft skills for the candidates.

Reasons for Indian students to prefer MBA abroad

India is not less than any other country in case of business school standards. When compared to the aspiring students the count of top business schools in India is very low.  Moreover, an MBA from abroad increases the chance of career opportunities worldwide. An MBA degree from abroad increases the credit of the resume and is most preferred by international companies.

In most of the cases scholarship becomes the most important deciding factor to pursue MBA abroad. Maximum number of students from India relies on scholarship to pursue MBA abroad. Students willing to study abroad should have complete knowledge on available scholarships. They should also be aware of the procedures to be followed to get the scholarship without fail.  There are plenty of scholarships available to help aspiring students to study abroad. Among those scholarships many are merit based, need based etc.

  • Merit-based Scholarship: This scholarship is awarded on the basis of students academic, their athletic skills, artistic skills, etc. variation in scholarship depends on the qualification.
  • Student Specific scholarship: This scholarship is offered for applicants based on their race, religion, gender, medical history, etc. The minority-based scholarship is one among this.

Destination-specific scholarship: These scholarships are awarded by a country to the deserved students who plan to study MBA in that particular country. The government takes necessary steps to increase the number of international students.

 Program-specific scholarship: this particular scholarship is awarded either by individual study abroad program or by the universities. It is awarded on the basis of academic achievements and other additional skills. This scholarship varies for different qualification. So students should check the program before opting it.

Subject-specific Scholarship: As specified in the name this particular scholarship is offered to students willing to study abroad based on their major. To receive this scholarship the student should get admitted in subject specific courses. This particular scholarship also varies based on the qualification.

A student with outstanding scores can go for any of the scholarships.

Below listed are the various scholarships available for MBA aspirants:

Harvard MBA scholarship: this scholarship is need-based. The approximate amount to be received is $35000 per year.  Most of the Indian students can make use of this scholarship to fulfill their dream. Robert S. Kaplan Life Science Fellowship is another important scholarship for students interested in Science. Horace W. Goldsmith fellowship is one more scholarship to benefit international students.

Wharton MBA scholarship includes following fellowships listed below:

·         Emerging economy fellowships

·         Howard E. Michell Fellowship

·         Forte fellowships especially for female candidates

·         Social impact fellowship

The Stanford Reliance Dhirubhai Fellowship is especially for Indian students offered by Reliance India Pvt Ltd. five students are eligible for this scholarship every year. This scholarship includes tuition fees and other assistance for a period of two years. Following is the only criteria to be satisfied by the student to get this scholarship. After completion of the course, the candidate should work for Indian organization for at least two years.

 Columbia Business School MBA scholarship is categorized into merit based and need based. Forte foundation scholarship especially for women and Toigo fellowship are listed under merit based scholarship. The amount of need based scholarship ranges from $7500 to $30000. This particular scholarship can be renewed on need.

Chicago booth Scholarship:  Below listed are the various scholarship and fellowships available under this scholarship:

·         India trust fellowship for Indians

·         Akhtarali H. Tobaccowala fellowship for Indians

·         The Zonis Fellowship for international students

·         Canfield Private Equity Fellowship

·         Forte Foundation Fellowship

·         Distinguished Fellows Program offers full tuition fees and a stipend of $25000 per year

Scholarships are many for students aiming to study MBA abroad. You can make use of these opportunities with the help of UNIK. Thousands worth of these scholarships remains unclaimed every year. This could be yours too. Students do not own proper knowledge of those scholarships available for students studying an MBA abroad.  The best trick for getting these scholarships is not only to know the number of scholarships available but also to choose the right way to get them at right them. Though the scholarship may not cover your total expense it would gradually minimize your cost to study MBA abroad and make it a very good experience. UNIK provides better tips on how to apply to study abroad and to get the scholarship. The scholarships listed above are very important and useful ones for international students studying an MBA abroad.

Unik is doing tremendous work to help students who aim to study abroad. Step into our office to know more details on available scholarships and the way to get them at right time. Fulfilling your dream is our goal and we work towards it.

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