Scholarships for MBA Students

Are you ready to discover your MBA program?

A master’s in business administration (MBA) can help students advance their careers and increase their earning potential. According to Payscale, MBA graduates earned an average annual salary of $91,000 as of November 2021.

However, higher education comes with a cost. CNBC notes that almost half of MBA students enrolled in top programs borrowed at least $100,000 to cover tuition and fees. Many MBA candidates cannot work while earning their degrees, making it difficult to finance their education.

This guide explores how MBA students can get help paying for their degree. Read on to learn more about financial aid options like scholarships, loans, grants, and work-study programs.

Explore This Page: Finding and Applying for Scholarships | Scholarship Types | MBA Scholarship Directory | FAQs

Paying for Your MBA

Paying for an MBA can be challenging. Fortunately, students can access various aid options to help cover their graduate program costs.

Many resources provide funding for students with financial need. Others award applicants with excellent academic records. Some students may qualify for awards available to minority groups. In most cases, MBA students can stack several types of financial aid, further reducing out-of-pocket expenses.

Looking for an affordable MBA? Start here:

Most Affordable MBA Programs Affordable Online MBA Programs: No GMAT Required

Grants, Loans, Work Study, and Employer Assistance for MBAs

MBA candidates can pursue financial aid such as grants, loans, and work-study programs. Below, we cover several types of financial aid opportunities for MBA students.

Grants

Like scholarships, grants do not need to be repaid. However, while many scholarships choose recipients based on merit, grants are typically need-based.

Federal Loans

MBA students can access several types of federal student loans. Federal loans may have fixed interest rates along with later repayment dates than private loans. Federal loans may also offer consolidation options.

Private Loans

Private loans come from third-party lenders. These loans may be easier to secure than federal loans, though they offer less flexibility.

Work-Study

Sometimes students can work campus jobs in return for payment. Depending on the type of work-study, this payment may go directly toward the student’s tuition and fees.

Employer Assistance

Some businesses may offer to pay for some or all of their employees’ MBA program expenses.

Learn more about these non-scholarship financial aid options in our financial aid guide

Scholarships for MBA Programs

Since scholarships do not require repayment, these awards can help MBA students graduate with less debt. Scholarships usually cover tuition, fees, and book costs. Some awards also help students with personal expenses like transportation, food, and housing.

Each scholarship sets its own application requirements. Students should research which opportunities they qualify for before gathering application materials.

Because scholarships offer free money, applicants should expect significant competition. Smaller scholarships may get fewer applicants than larger awards. Also, some scholarships are renewable.


Tips for Finding and Applying for MBA Scholarships

Before filling out scholarship applications, look for awards that fit your qualifications. Make sure each application includes all required materials and helps you stand out from other applicants.

Finding MBA Scholarships

Find relevant MBA scholarship boards.
Online boards for MBA hopefuls can connect students with funding opportunities, including scholarships.
Search based on personal factors.
Some scholarships consider applicants based on factors such as race, ethnicity, gender, and family history. These niche scholarships may offer less competition than others.
Look for lesser-known scholarships.
Some scholarships do not receive enough applications to award funds. Students can often find these lesser-known scholarships through local businesses and organizations.
Consider smaller scholarships.
While a $10,000 scholarship significantly helps with tuition payments, do not ignore smaller scholarships. Earning several $1,000 scholarships can make a big difference in overall tuition costs.

Your MBA Scholarship Application

Review all application requirements before applying
Make sure you know what each scholarship requires before starting your application. Starting an application you do not qualify for costs time and energy.
Expect to submit certain materials
Many scholarships require a resume, college transcripts, and letters of recommendation. Prepare these materials early on so you can focus on applications.
Boost your application through experience
Volunteer and work experience can elevate your scholarship applications. Be sure to include all required information, such as start and end dates, for all experiences you list in the application.
Find solid references for letters of recommendation
Some scholarships score applicants based on the strength of each application section. You can boost your score with letters of recommendation. Find suitable candidates who speak highly of you and your work.
Pay attention to deadlines
Note that all scholarships set different application deadlines. Some scholarships may require you to apply before you begin an MBA program. Others only accept applications from currently enrolled students. Make sure you complete an application before any deadlines.

Scholarship Types for MBA Students

Students can access various scholarship types. Some scholarships only accept applicants who study a particular field, show academic merit, or exhibit financial need. Other scholarships benefit students from specific backgrounds. Many awards combine several prerequisites.

Corporate Scholarships

Many private companies administer scholarship programs. These corporate scholarships usually cater to students pursuing a specific degree or career. Some corporate scholarships focus on specific geographical areas. Applicants can find these scholarships through local organizations.

Featured Scholarships

Wiley Accounting and Finance Student Scholarship
Who Can Apply: Part-time and full-time students majoring in accounting or finance
Amount: $1,000

AfterCollege Business Student Scholarship
Who Can Apply: Students pursuing a business degree
Amount: $500

Citizens Bank Scholarships
Who Can Apply: All students
Amount: $2,500-$15,000

Sport Clips Help a Hero Scholarship
Who Can Apply: Active-duty, retired, or honorably discharged Armed Forces, National Guard, and Reserve members
Amount: Up to $5,000

Scholarships From Professional Organizations

Some professional organizations offer scholarships. Recipients must often plan to pursue a specific degree or career. Some professional organizations require students to hold membership before applying for a scholarship.

Featured Scholarships

AICP Scholarship
Who Can Apply: Graduate students interested in insurance
Amount: $1,500

ALPFA Scholarships
Who Can Apply: Full-time students who hold ALPFA membership
Amount: $2,000-$5,000

Ritchie-Jennings Memorial Scholarship Program
Who Can Apply: Full-time students studying accounting, business administration, finance, or criminal justice
Amount: $1,000-$10,000

ABWA Impact Scholarships – Stephen Bufton Memorial Educational Fund
Who Can Apply: Women attending accredited institutions
Amount: Varies

Discover resources for women earning an MBA

Location-Based Scholarships

Some organizations, businesses, and governments offer scholarships for local applicants. For example, a scholarship may require applicants to hold state residency. Some scholarships give preference to students from specific towns, counties, or regions.

Featured Scholarships

Margery D. Shinners Scholarship
Who Can Apply: Illinois women studying an association management-related field
Amount: Up to $1,500

Paul Hagelbarger Memorial Scholarship
Who Can Apply: Students studying accounting in Alaska
Amount: $2,000 and up

Edward T. and Mary A. Conroy Memorial Scholarship Program
Who Can Apply: Maryland residents who are spouses or children of deceased or disabled Armed Forces members, public safety workers, school employees, or 9/11 victims
Amount: Up to full tuition

California Association of Realtors Scholarship Foundation
Who Can Apply: Students at public California colleges and universities pursuing a real estate-related degree
Amount: Up to $4,000

Scholarships for Diverse Populations

Many businesses, organizations, and government agencies offer scholarships for diverse populations. Some scholarships award funds based on factors such as race, ethnicity, or country of origin. Other awards focus on gender, sexual orientation, or personal background.

Featured Scholarships

The Kosciuszko Foundation Tuition Scholarship
Who Can Apply: Full-time graduate students of Polish descent
Amount: $1,000-$7,000

Cafe Bustelo El Cafe Del Futuro Scholarship
Who Can Apply: Hispanic full-time students
Amount: $5,000

ALPFA Scholarships
Who Can Apply: Full-time students who hold ALPFA membership
Amount: $2,000-$5,000

Albert W. Dent Graduate Student Scholarship
Who Can Apply: Minority graduate students studying healthcare management full time
Amount: $5,000

Read more about financial aid for minority students here

Scholarships Based on Enrollment Status

Some scholarships require a specific enrollment status. In many cases, students must maintain full-time enrollment. Other scholarships prefer part-time or nontraditional students.

Featured Scholarships

Government Finance Professional Development Scholarship
Who Can Apply: Part-time graduate students
Amount: $10,000

Alpha Kappa Alpha Educational Advancement Foundation Scholarships
Who Can Apply: Full-time students
Amount: Varies

The Lagrant Foundation Graduate Scholarships
Who Can Apply: Minority full-time students pursuing a graduate degree in advertising, marketing, or PR
Amount: $3,750

Scholarships by MBA Concentration

Some MBA scholarships only accept applicants working toward a specific concentration. Many awards target applicants pursuing concentrations such as marketing, accounting, or insurance.

Featured Scholarships

The Lagrant Foundation Graduate Scholarships
Who Can Apply: Minority full-time students pursuing a graduate degree in advertising, marketing, or PR
Amount: $3,750

California Association of Realtors Scholarship Foundation
Who Can Apply: Students at public California colleges and universities pursuing a real estate-related degree
Amount: Up to $4,000

Margery D. Shinners Scholarship
Who Can Apply: Illinois women studying an association management-related field
Amount: Up to $1,500

Albert W. Dent Graduate Student Scholarship
Who Can Apply: Minority graduate students studying healthcare management full time
Amount: $5,000

Paul Hagelbarger Memorial Scholarship
Who Can Apply: Students studying accounting in Alaska
Amount: $2,000 and up

Military Scholarships

Military scholarships support the nation’s veterans and active military. These scholarships may benefit active-duty service members, honorably discharged service members, or members of the National Guard or Reserve. Some awards cater to military spouses or children. Applicants usually need to submit proof of service. Many awards also require a letter of recommendation from a military superior.

Featured Scholarships

PNC Serving With Integrity Scholarship
Who Can Apply: Veterans pursuing a degree in finance, business administration, or a related field
Amount: $10,000

Army Women’s Foundation Graduate Scholarships
Who Can Apply: Women who served or currently serve in the military and their descendants
Amount: $2,500-$3,000

Military MBA Scholarship
Who Can Apply: Veterans pursuing an MBA
Amount: Varies

Sport Clips Help a Hero Scholarship
Who Can Apply: Active-duty, retired, or honorably discharged Armed Forces, National Guard, and Reserve members
Amount: Up to $5,000

Daughters of the American Revolution Scholarship
Who Can Apply: All students
Amount: $1,000-$5,000

Read more about financial aid for the military

School-Specific Scholarships

Colleges and universities often offer scholarships for their own students. Some businesses and organizations also create scholarships for students at specific institutions. These scholarships often help learners with financial need. Due to the niche nature of these awards, the directory below does not include any school-specific scholarships. MBA students looking for scholarships specific to their schools should contact their financial aid office to learn more.

MBA Scholarship Directory

This alphabetical list serves as a starting point for scholarship-seeking MBA students. If you would like to learn more about a particular scholarship, click on the linked page to see specific application requirements, due dates, and more.

To find specific scholarship types, use the filterable database below to narrow your search.

  • AAUW Career Development Grants

    The American Association of University Women (AAUW) created this grant program to support women studying education, health and medical sciences, or social science. Applicants must hold a bachelor’s degree and plan to pursue a second bachelor’s degree, a master’s degree, a certification, or a vocational program. Applicants must submit letters of recommendation and a proposal.

    Who Can Apply: Women with a bachelor’s degree

    Amount: $2,000-$12,000

    Apply For Scholarship

  • Abbott & Fenner Scholarships

    A&F Business Consultants administers this annual scholarship. Applicants must write a 500- to 1,000-word essay describing their educational career and life goals.

    Who Can Apply: High school juniors and seniors, and currently enrolled postsecondary students

    Amount: $1,000

    Apply For Scholarship

  • ABWA Impact Scholarships - Stephen Bufton Memorial Educational Fund

    The American Business Women’s Association funds multiple scholarships for women. The association offers many of these awards through local chapters. Scholarship amount and eligibility criteria vary by award.

    Who Can Apply: Women attending accredited institutions

    Amount: Varies

    Apply For Scholarship

  • AfterCollege Business Student Scholarship

    The AfterCollege Business Student Scholarship awards funds to students who show professionalism, communication skills, and academic excellence. The scholarship application covers work experience, honors, skills, and personal details. Applicants must be pursuing a degree in business with a minimum 3.0 GPA.

    Who Can Apply: Students pursuing a business degree

    Amount: $500

    Apply For Scholarship

  • AFWA Foundation Paula Zanni Award

    The Paula Zanni Award is one of many Accounting & Financial Women’s Alliance awards. This scholarship recognizes outstanding female accounting and finance majors at the undergraduate and graduate levels. The foundation selects recipients based on financial need and academic record. Applicants need at least a 3.0 GPA and should hold strong leadership and communication skills.

    Who Can Apply: Women earning a finance or accounting degree

    Amount: Varies

    Apply For Scholarship

  • AICP Scholarship

    The Association of Insurance Compliance Professionals (AICP) offers this scholarship for students pursuing insurance-related careers. All applicants need at least two years of full-time accredited college coursework. Graduate applicants, including MBA candidates, may study either full time or part time. All scholarship candidates must pursue a business-related degree and hold a minimum 3.0 GPA. AICP awards up to three scholarships each year.

    Who Can Apply: Graduate students interested in insurance

    Amount: $1,500

    Apply For Scholarship

  • Albert W. Dent Graduate Student Scholarship

    The Albert W. Dent Graduate Student Scholarship benefits minority graduate students specializing in healthcare management, including MBA candidates. The American College of Healthcare Executives (ACHE) offers this scholarship for applicants entering their final year of full-time study. Student associate ACHE members receive preference.

    Who Can Apply: Minority graduate students studying healthcare management full time

    Amount: $5,000

    Apply For Scholarship

  • ALPFA Scholarships

    The Association of Latino Professionals For America (ALPFA) partners with various businesses to award scholarships for undergraduate and graduate students. Funding amounts and eligibility criteria vary by award. To apply, students need a minimum 3.0 GPA and must hold ALPFA premium student membership.

    Who Can Apply: Full-time students who hold ALPFA membership

    Amount: $2,000-$5,000

    Apply For Scholarship

    Discover resources for Latino/a and Hispanic entrepreneurs

  • Alpha Kappa Alpha Educational Advancement Foundation Scholarships

    Offered by the United States’ first historically Black sorority, this scholarship benefits full-time students attending an accredited institution. Applicants should demonstrate community involvement. Learners from all backgrounds may apply. Applicants for the merit-based graduate scholarship need a GPA of 3.0 or higher. Students applying for the need-based scholarship must hold a minimum 2.5 GPA.

    Who Can Apply: Full-time students

    Amount: Varies

    Apply For Scholarship

  • American Public Transportation Foundation Scholarship

    The American Public Transportation Foundation awards 30 annual scholarships for students pursuing careers in the transit industry. Applicants need at least a 2.0 GPA and must attend an accredited institution. Application materials include a 1,000-word essay, two letters of recommendation, a transcript, and proof of financial need. Candidates must also find an American Public Transportation Association sponsor.

    Who Can Apply: Undergraduate and graduate students studying a public transportation-related field

    Amount: $5,000-$10,000

    Apply For Scholarship

  • Army Women's Foundation Graduate Scholarships

    Women who served or currently serve in the military may apply for this one-time award. Descendents of servicewomen may also qualify. The Army Women’s Foundation Graduate Scholarship goes to women holding an undergraduate degree with a 3.0 GPA or higher. Recipients may study toward any degree, including an MBA. Applicants must verify service and submit two letters of recommendation, a two-page essay, and official transcripts.

    Who Can Apply: Women who served or currently serve in the military, and their descendents

    Amount: $2,500-$3,000

    Apply For Scholarship

  • Blinded Veterans Association Scholarships

    The Blinded Veterans Association awards scholarships to the spouses, children, and grandchildren of blinded veterans and active-duty service members. Applicants can receive up to four one-year scholarships. To apply, students must show their connection to a legally blind veteran or military service member. The organization also requests a 300-word essay on educational and career goals. Other application materials include high school or college transcripts and three letters of recommendation.

    Who Can Apply: Dependent spouses, children, and grandchildren of blinded active-duty service members and veterans

    Amount: $1,000-$2,000

    Apply For Scholarship

  • C200 Scholar Awards

    The C200 Scholar Awards offer scholarships of up to $10,000 to women seeking an MBA. Women currently enrolled in an MBA program at a school with a C200 Reachout may apply. Recipients should show leadership, integrity, and entrepreneurial spirit. The scholarship committee especially looks for a commitment to supporting other women.

    Who Can Apply: Women pursuing an MBA

    Amount: Up to $10,000

    Apply For Scholarship

  • Café Bustelo El Café Del Futuro Scholarship

    The Café Bustelo El Café Del Futuro scholarship program awards 25 annual scholarships for full-time undergraduate and graduate students. Applicants must attend a Hispanic Association of Colleges and Universities member institution in the United States. To apply, students submit an 800-word essay describing their Latino heritage and how they plan to use their degree.

    Who Can Apply: Hispanic full-time students

    Amount: $5,000

    Apply For Scholarship

  • California Association of Realtors Scholarship Foundation

    The California Association of Realtors Scholarship Foundation awards funds to students pursuing a career in real estate. Applicants need a minimum 3.0 GPA and must have completed at least two real estate-related courses at a California college or university. Students must also be currently enrolled in at least two courses, one of which must focus on real estate.

    Who Can Apply: Students at California colleges and universities pursuing a real estate-related degree

    Amount: Up to $4,000

    Apply For Scholarship

  • Citizens Bank Scholarship

    Students can apply for this scholarship every month. Each month, Citizens Bank selects a $2,500 prize winner, with one candidate per year winning a $15,000 scholarship. Applicants must plan on pursuing, or currently pursue, an undergraduate or graduate degree. Applicants only need to apply once. Applications automatically roll over to the next month if not selected for a scholarship.

    Who Can Apply: All students

    Amount: $2,500-$15,000

    Apply For Scholarship

  • Daughters of the American Revolution Scholarships

    Each Daughters of the American Revolution scholarship sets different award values and application requirements. Most awards require a 3.0 or 3.25 GPA or higher. Some scholarships automatically renew for up to four years. The Mary Elizabeth Lockwood Beneventi MBA Scholarship targets MBA candidates with a minimum 3.25 GPA.

    Who Can Apply: All students

    Amount: $1,000-$5,000

    Apply For Scholarship

  • Edward T. and Mary A. Conroy Memorial Scholarship Program

    The Edward T. and Mary A. Conroy Memorial Scholarship covers the full cost of tuition and fees for Maryland residents. Undergraduate and graduate students attending accredited Maryland institutions may qualify. This award automatically renews each year for up to five years of full-time study or eight years of part-time study.

    Who Can Apply: Maryland residents who are spouses or children of deceased or disabled Armed Forces members, public safety workers, school employees, or 9/11 victims

    Amount: Up to full tuition

    Apply For Scholarship

  • Frank L. Greathouse Government Accounting Scholarship

    The Government Finance Officers Association (GFOA) administers this scholarship for accounting students interested in working for local or state governments. Applicants must submit a letter of recommendation attesting to their commitment to the public sector. GFOA awards two scholarships worth $10,000 each.

    Who Can Apply: Full-time graduate students studying accounting

    Amount: $10,000

    Apply For Scholarship

  • George H. Nofer Scholarship for Law and Public Policy

    Full-time students with hearing loss may apply for the George H. Nofer Scholarship. Applicants should attend an accredited public policy or public administration program. Applicants must submit a personal essay and three letters of recommendation.

    Who Can Apply: Full-time graduate students with hearing loss

    Amount: Up to $5,000

    Apply For Scholarship

  • Goldberg-Miller Public Finance Scholarship

    The Government Finance Officers Association offers this award together with the Girard Miller Foundation. The Goldberg-Miller Public Finance Scholarship benefits graduate students preparing for a career in finance. Applicants should plan to pursue state or local government work. Candidates must submit a letter of recommendation.

    Who Can Apply: Full-time graduate students studying a government finance-related field

    Amount: $20,000

    Apply For Scholarship

  • Government Finance Professional Development Scholarship

    The Government Finance Professional Development Scholarship awards funds to four part-time graduate students seeking a public finance career. Eligible areas of study include business administration, finance, and accounting. Applicants need at least two years of professional experience in state or local government. The application requires a letter of recommendation from an employer.

    Who Can Apply: Part-time graduate students

    Amount: $10,000

    Apply For Scholarship

  • HubShout Internet Marketing Scholarship

    Offered by online marketing firm HubShout, the HubShout Internet Marketing Scholarship awards $1,000 to up to two students who show a passion for internet marketing. Available to anyone with at least one year of college (including MBA students), previous winners include business management learners, marketing majors, and executive MBA students. Applicants must hold a minimum 3.0 GPA, describe their career goals, and demonstrate their interest in internet marketing.

    Who Can Apply: Students with at least one year of college

    Amount: $1,000

    Apply For Scholarship

  • Jane M. Klausman - Women in Business Scholarships

    This Zonta International Foundation scholarship helps fund undergraduate and graduate students pursuing a business degree. Zonta International chooses up to 32 U.S. women with outstanding business potential to receive a $2,000 award. The foundation also selects up to six international students to win an $8,000 award.

    Who Can Apply: Women pursuing a business degree

    Amount: $2,000-$8,000

    Apply For Scholarship

  • Joan Nelson Study Abroad Scholarship

    Graduate students currently enrolled in a for-credit study abroad program may apply for the Joan Nelson Study Abroad Scholarship. Applicants must submit a two-page description of their study abroad program, a personal statement explaining why they chose to study abroad, a letter of recommendation, and a current resume. Before applying, students must also become Golden Key members. Golden Key selects winners based on their future goals.

    Who Can Apply: Graduate students enrolled in a study abroad program

    Amount: $5,000

    Apply For Scholarship

  • The Kosciuszko Foundation Tuition Scholarship

    The Kosciuszko Foundation awards various scholarships to full-time graduate students of Polish descent. Some awards only accept students from specific towns or states. Applicants need at least a 3.0 GPA. Award winners may reapply, though the foundation does not guarantee scholarship renewal.

    Who Can Apply: Full-time graduate students of Polish descent

    Amount: $1,000-$7,000

    Apply For Scholarship

  • The Lagrant Foundation Graduate Scholarships

    Twenty students annually win the Lagrant Foundation Graduate Scholarship. This $3,750 award for minority students includes a trip to New York City to attend professional development activities. Applicants must attend a graduate program in marketing, business, advertising, or public relations. Full-time students with a 3.2 GPA or above and at least two semesters of study remaining may qualify.

    Who Can Apply: Minority full-time students pursuing a graduate degree in advertising, marketing, or PR

    Amount: $3,750

    Apply For Scholarship

  • Margery D. Shinners Scholarship

    The Margery D Shinners Scholarship helps women in the association management field fund their education. Many winners use the scholarship to pay for association management training programs. Scholarship winners can also apply the funds toward a degree program. Applicants must work for (or plan to work for) an Illinois real estate board or association.

    Who Can Apply: Illinois women studying an association management-related field

    Amount: Up to $1,500

    Apply For Scholarship

  • Mark Beaumont Scholarship

    Offered by the Academy of Interactive Arts & Sciences Foundation, the Mark Beaumont Scholarship helps finance the education of students interested in the business of interactive entertainment. Candidates must be full-time undergraduate or graduate students pursuing a degree in marketing, business development, management, or a related field. They must also hold a minimum 3.3 GPA, intend to enter the game industry upon graduating, and submit a two-page letter detailing their studies.

    Who Can Apply: Full-time undergraduate and graduate students interested in business

    Amount: $2,500

    Apply For Scholarship

  • Military MBA Scholarship

    Veterans planning to earn a business master’s degree can apply for the Military MBA Scholarship. Applicants must hold a bachelor’s degree and attend a participating MBA program. Application requirements include official transcripts and two letters of recommendation from military colleagues. Winners cannot combine this award with any full-ride scholarships.

    Who Can Apply: Veterans pursuing an MBA

    Amount: Varies

    Apply For Scholarship

  • Minorities in Government Finance Scholarship

    This Government Finance Officers Association scholarship recognizes minority students planning a career in state or local government finance. Eligible fields of study include business administration, accounting, and finance. Recommendation letters should address the applicant’s commitment to the public sector.

    Who Can Apply: Part-time and full-time undergraduate and graduate students

    Amount: $10,000

    Apply For Scholarship

  • National Association for Black Accountants Scholarship

    The National Association for Black Accountants awards about 50 scholarships each year. The association accepts applications from full-time undergraduate and graduate students studying business, finance or accounting. Black students with a minimum 3.3 GPA may qualify. Applicants must also hold NABA student membership.

    Who Can Apply: Black full-time students who are NABA members

    Amount: $1,000-$5,000

    Apply For Scholarship

    Discover resources for Black entrepreneurs

  • National Black MBA Association Ford Scholarship

    Offered jointly by Ford Motor Company and the National Black MBA Association, this $3,000 award goes to five Black graduate students pursuing a degree in human resources, IT, or marketing. To be considered, applicants must maintain a minimum 3.0 GPA, complete an interview, submit a personal biography, and join the National Black MBA Association. Applicants must also attend an Atlanta-area AACSB-accredited university.

    Who Can Apply: Atlanta, Georgia-based African-American students pursuing a graduate degree

    Amount: $3,000

    Apply For Scholarship

  • National Founder's Graduate Business Student Scholarship

    Created by Brown, PC Tax Practice Group, the National Founder’s Graduate Business Student Scholarship awards a $500 stipend to current, full-time business students pursuing a graduate degree. Applicants must submit a cover letter detailing their interest in entrepreneurship, and any other materials that demonstrate their entrepreneurial spirit. Applicants must be attending an accredited institution with a minimum 3.0 GPA.

    Who Can Apply: Full-time graduate business students

    Amount: $500

    Apply For Scholarship

  • NCAIED American Indian Business Scholarship Program

    The NCAIED American Indian Business Scholarship awards full-time undergraduate and graduate students pursuing a degree in business at an accredited institution. Applicants must submit a personal essay, official transcripts, proof of college enrollment, and official Federal Tribal documentation. Winners must also attend a luncheon in Phoenix, Arizona.

    Who Can Apply: Full-time American Indian students

    Amount: Varies

    Apply For Scholarship

    Discover resources for Indigenous American entrepreneurs

  • New Mexico Graduate Scholarships

    The New Mexico Higher Education Department offers scholarships for graduate students, including MBA students, attending public schools. Priority goes to New Mexico residents, students with financial needs, and applicants from underrepresented communities. Award winners must commit to serving in an unpaid internship relevant to their major for 10 hours a week during the school year. Some graduate students may renew this scholarship for a second year.

    Who Can Apply: Graduate students

    Amount: Up to $7,200

    Apply For Scholarship

  • Paul & Daisy Soros Graduate School Fellowship

    The Paul & Daisy Soros Graduate School Fellowship covers graduate tuition of up to $20,000 per year, plus a living stipend. Applicants must be immigrants or children of non-citizen immigrants. They must also hold a bachelor’s degree and plan to enroll in a graduate program. Applicants to 30 years old or younger may qualify.

    Who Can Apply: Immigrants and children of immigrants

    Amount: up to $90,000

    Apply For Scholarship

  • Paul Hagelbarger Memorial Scholarship

    This scholarship from the Alaska Society of CPAs (AKCPA) aids undergraduate and graduate learners studying accounting. Students must plan to pursue a career in public accounting in Alaska. AKCPA accepts applicants attending in-state four-year schools. Scholarship winners receive at least $2,000, with some larger awards available.

    Who Can Apply: Students studying accounting in Alaska

    Amount: $2,000 and up

    Apply For Scholarship

  • PNC Serving With Integrity Scholarship

    Offered jointly by the Student Veterans of American and the PNC Foundation, the PNC Serving With Integrity Scholarship awards two $10,000 scholarships to veterans pursuing a degree in finance, business administration, or a related field. All applicants must be honorably discharged active duty or current guard or reserve members. They must submit proof of military service, a resume, a letter of recommendation, an essay, and a personal statement.

    Who Can Apply: Veterans pursuing a degree in finance, business administration, or a related field

    Amount: $10,000

    Apply For Scholarship

  • Prospanica Foundation Scholarship Program

    This scholarship benefits Hispanic and Latino/a learners studying business. Applicants must attend an accredited nonprofit business school as a sophomore or higher. Scholarship candidates usually need a minimum 3.0 GPA, but working students can hold a 2.75. Applicants must hold Prospanica membership.

    Who Can Apply: Hispanic graduate and undergraduate students pursuing a business degree

    Amount: $2,000-$5,000

    Apply For Scholarship

  • Richard “Dick” Wiegers Scholarship

    This Illinois Real Estate Educational Foundation (REEF) scholarship accepts applications from graduate business students. Undergraduate business, law, or finance majors may also apply. Applicants must be Illinois residents. Most REEF scholarships award funds to full-time students who are U.S. citizens.

    Who Can Apply: Illinois residents pursuing a graduate business degree or an undergraduate degree in business, law, or finance

    Amount: $1,000

    Apply For Scholarship

  • Ritchie-Jennings Memorial Scholarship Program

    This Association of Certified Fraud Examiners (ACFE) scholarship supports students pursuing a fraud examination career. Undergraduate and graduate students may apply. Applicants should be working toward a degree related to fraud examination, including an MBA. Students should submit official transcripts and two letters of recommendation. Winners receive scholarship funds plus one free year of ACFE membership.

    Who Can Apply: Full-time students studying accounting, business administration, finance, or criminal justice

    Amount: $1,000-$10,000

    Apply For Scholarship

  • Scholarships for Lutheran Laywomen

    This scholarship supports women with an educational gap of two years or longer. Full-time undergraduate and graduate students over age 21 may apply. The Evangelical Lutheran Church of America prefers candidates who demonstrate church involvement. Winners may renew their scholarships for a second year.

    Who Can Apply: Female members of the Evangelical Lutheran Church of America

    Amount: Varies

    Apply For Scholarship

  • SILA Foundation Postsecondary College Scholarship

    The Securities and Insurance Licensing Association Foundation sponsors this scholarship for full-time and part-time students. Part-time students must work while in school. Eligible areas of study include business information, finance, accounting, and insurance. Candidates must submit a transcript, a letter of reference, and proof of employment (if required).

    Who Can Apply: Part-time and full-time students pursuing a business-related degree

    Amount: $1,000

    Apply For Scholarship

  • SHRM Foundation Graduate Scholarships

    The SHRM Foundation awards scholarships to learners pursuing a human resources-related graduate degree, including an MBA. Applicants must hold current SHRM membership and attend a regionally accredited institution. Students need a 3.5 GPA or higher to qualify. The SHRM Foundation also requires a letter of reference addressing the applicant’s character, work ethic, and financial need.

    Who Can Apply: SHRM members pursuing a graduate degree

    Amount: $5,000

    Apply For Scholarship

  • Sport Clips Help a Hero Scholarship

    This award provides funding of up to $5,000 to active, retired, and honorably discharged military service members. Students can earn scholarships during the fall or spring semester. Award winners may reapply for additional scholarship funds each semester. Applicants must study at a VA-approved school or program, hold a military rank of E-5 or lower, and demonstrate financial need.

    Who Can Apply: Active-duty, retired, or honorably discharged Armed Forces, National Guard, and Reserve members

    Amount: Up to $5,000

    Apply For Scholarship

  • Tillman Military Scholars Program

    Military service members, veterans, and their spouses can apply for the Tillman Military Scholars Program. Tillman scholars receive an average annual award of $10,000. Full-time undergraduate or graduate students attending an accredited institution may qualify. Application requirements include a resume, two short essays, and a letter of recommendation. Applicants must also submit a short biography and proof of military service.

    Who Can Apply: Full-time students who are veterans, active-duty service members, or military spouses

    Amount: Varies

    Apply For Scholarship

  • Wiley Accounting and Finance Student Scholarship

    This award supports learners studying accounting or finance. Wiley, a higher education consulting company, awards one $1,000 scholarship each month. Applicants may study part time or full time. Each monthly award focuses on a different group. Monthly criteria include categories like LGBTQ+ students, women, and first-generation college students.

    Who Can Apply: Part-time and full-time students majoring in accounting or finance

    Amount: $1,000

    Apply For Scholarship

  • Women's Independence Scholarship Program

    The Women’s Independence Scholarship Program helps partner abuse survivors overcome educational barriers. The award favors single mothers with significant financial needs. Applicants pursuing undergraduate or vocational degrees receive preference, but MBA candidates may qualify. Women who plan on educating and helping other women also receive special consideration.

    Who Can Apply: Women who are survivors of partner abuse

    Amount: $1,000-$6,000

    Apply For Scholarship

FAQs About MBA Program Scholarships

  • Can you get scholarships for MBAs?

    Yes, MBA students can access many scholarships. Some programs only extend scholarships to students pursuing an MBA. Other scholarships focus on factors like background, financial need, and academic merit.

  • How common are scholarships for MBA programs?

    Thousands of students receive scholarships each year, including MBA candidates.

  • How can I get an MBA full scholarship?

    Students can win a full-ride MBA scholarship based on factors like academic merit, financial need, personal background, and professional experience.

  • Who will pay for my MBA?

    Learners can apply for various forms of financial aid to help pay for their MBA, such as scholarships, grants, and loans. Other financial aid options include employer assistance and work-study programs.


Featured Image: 10’000 Hours / Digital Vision / Getty Images

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