Compiled and Written by OnlineMBA.com Staff Writers


A master's in business administration (MBA) is an excellent way for individuals to advance their careers and increase their earning potential. According to a recent report, MBA graduates earned an average annual income of $106,760 in 2019.

Of course, higher education comes with a cost. According to CNBC, almost half of MBA students enrolled in top programs borrowed at least $100,000 to cover degree costs. Many MBA students cannot work while earning their degrees, making it difficult to finance their education.

This guide explores how MBA students can find help to pay for their education, including scholarships, loans, grants, and work-study programs.

Paying for Your MBA

With tuition costs increasing at many colleges and universities, paying for an MBA can be a major hurdle for many students. Fortunately, various resources exist to help cover the cost of some, or all, of the graduate program.

Some resources extend financial aid to students who demonstrate financial need, while others reserve awards for those with excellent academics. Other students might gain access to awards only available to minority groups. In most cases, MBA students can stack multiple types of financial aid, further reducing the cost of the degree.

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

MBA students 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
Similar to scholarships, grants do not require repayment. However, while scholarships are typically awarded based on merit, grants are typically need-based.
Federal Loans
MBA students can access various types of federal student loans. Federal loans often hold fixed interest rates, later repayment dates than private loans, and consolidation options.
Private Loans
Private loans come from third-party lenders. Private loans tend to 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 might go directly toward the student's education.
Employer Assistance
Some businesses may offer to pay for some, or all, of a student's MBA program expenses.

Scholarships for MBAs

Scholarships are an excellent way for MBA students to help cover the costs of earning a degree because they do not require repayment. Each scholarship sets its own application requirements, so students should spend time researching before gathering application materials. Scholarships typically cover tuition, fees, and book costs, though some scholarships also help students with transportation, food, housing, and miscellaneous costs.

Because scholarships essentially offer free money, students should expect significant competition for most awards. Smaller scholarships worth $500-$1,000 might be less competitive than $10,000+ scholarships. Also, some scholarships are renewable.

Tips for Finding and Applying for MBA Scholarships

Before filling out scholarship applications, look for scholarships you may be especially suited for. Once you find some scholarships, make sure your application includes all required materials and helps you stand out.

Finding MBA Scholarships

  • Find relevant MBA scholarship boards: MBA student resources often connect students with various opportunities, including scholarships, through online boards.
  • Search based on personal factors: Some scholarships only accept applicants based on factors including race, ethnicity, gender, sex, and family history. These niche scholarships may be less competitive than others.
  • Look for lesser-known scholarships: Some scholarships do not receive enough applicants to send awards. 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 costs, do not ignore smaller scholarships. Earning several $1,000 scholarships can make a huge 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 boost the quality of your scholarship applications. The more experience, the better.
  • Find solid references for letters of recommendation: Some scholarships score applicants based on the strength of each part of their application. You can boost your score with letters of recommendation. Find suitable candidates who speak highly of you and your work.
  • Pay attention to deadlines and dates: Note that all scholarships set different application deadline dates. Some scholarships may require you to apply before you begin an MBA program, while 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 types of scholarships. In most instances, scholarships only accept applicants who study a specific field, are from a specific background, demonstrate academic merit, or exhibit financial need. However, some scholarships combine multiple prerequisites.

Corporate Scholarships

Offered by private companies (sometimes in conjunction with associations), corporate scholarships are typically awarded to students pursuing a specific degree or career. Some corporate scholarships only award individuals in a specific area. Applicants can find these scholarships through local organizations.

Featured Scholarships

Wiley CPAexcel

  • Who Can Apply: Part- or full-time college students studying accounting
  • Amount: $500


HubShout Internet Marketing Scholarship

  • Who Can Apply: Students with at least one year of college experience
  • Amount: $1,000


AfterCollege Business Student Scholarship

  • Who Can Apply: Students pursuing a degree in business
  • Amount: Varies


Citizens Bank Scholarships

  • Who Can Apply: All students
  • Amount: Up to $15,000


Sport Clips Help a Hero Scholarship

  • Who Can Apply: Active-duty or retired military, National Guard, and Reserve members
  • Amount: $5,000
Scholarships From Professional Organizations

Some professional organizations offer scholarships. Most scholarships offered by professional organizations require recipients to be pursuing a specific degree or career, though others may offer more flexibility. Some professional organizations require students to join before applying for a scholarship.

Featured Scholarships

FAICP Scholarship

  • Who Can Apply: Graduate students interested in business and insurance
  • Amount: $1,500


National Black MBA Association Ford Scholarship

  • Who Can Apply: Black students based in Atlanta, Georgia, who are pursuing a graduate degree
  • Amount: $3,000


ALPFA Scholarship

  • Who Can Apply: Hispanic students studying business, accounting, finance, or STEM fields
  • Amount: $2,000 - $10,000


ABWA Impact Scholarships

  • Who Can Apply: Women studying business
  • Amount: Varies


Ritchie-Jennings Memorial Scholarship Program

  • Who Can Apply: Full-time students studying accounting, business administration, or finance
  • Amount: $1,000-$10,000
Location-Based Scholarships

Local chapters of organizations, businesses, and governments often offer scholarships for individuals from a specific location. For example, a scholarship may require applicants to hold state residency before applying, giving preference to students from specific towns or counties. Some scholarships award winners from a specific set of states, barring applicants from other areas.

Featured Scholarships

Margery D. Shinners Scholarship

  • Who Can Apply: Illinois women studying a field related to association management
  • Amount: $1,500


Paul Hagelbarger Memorial Scholarship

  • Who Can Apply: Students studying accounting in Alaska
  • Amount: $2,000


National Black MBA Association Ford Scholarship

  • Who Can Apply: Black students based in Atlanta, Georgia, who are pursuing a graduate degree
  • Amount: $3,000


Edward T. and Mary A. Conroy Memorial Scholarship Program

  • Who Can Apply: Maryland residents who are surviving spouses or children of Armed Forces members
  • Amount: Up to full tuition


California Association of Realtors Scholarship Foundation

  • Who Can Apply: Students in public California colleges and universities pursuing a degree related to real estate
  • Amount: Up to $4,000
Scholarships for Diverse Populations

Many businesses, organizations, and government agencies offer scholarships for diverse populations based on factors including gender, race, ethnicity, country of origin, sexual orientation, and 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: Full-time Hispanic students
  • Amount: $5,000


ALPFA Scholarship

  • Who Can Apply: Hispanic students studying business, accounting, finance, or STEM
  • Amount: $2,000 - $10,000


Albert W. Dent Graduate Student Scholarship

  • Who Can Apply: Full-time minority graduate students studying healthcare management
  • Amount: $5,000


National Black MBA Association Ford Scholarship

  • Who Can Apply: Black students based in Atlanta, Georgia, who are pursuing a graduate degree
  • Amount: $3,000
Read more about financial aid for minority students
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 candidates or nontraditional students.

Featured Scholarships

Government Finance Professional Development Scholarship

  • Who Can Apply: Part-time graduate students
  • Amount: $10,000


Mark Beaumont Scholarship

  • Who Can Apply: Full-time undergraduate and graduate students interested in business
  • Amount: $2,500


Alpha Kappa Alpha Educational Advancement Foundation Scholarships

  • Who Can Apply: Full-time students
  • Amount: Varies


The Lagrant Foundation Graduate Scholarships

  • Who Can Apply: Full-time ethnic minority students pursuing a graduate degree in advertising, marketing, or PR
  • Amount: $3,750


Thomas F. Seay Scholarship

  • Who Can Apply: Full-time college students who are Illinois residents pursuing a career in real estate
  • Amount: $2,000
Scholarships by MBA Concentration

While many scholarships require students to pursue a graduate degree in business, some only accept applicants working toward a specific MBA concentration in an area such as marketing, advertising, or public relations.

Featured Scholarships

The Lagrant Foundation Graduate Scholarships

  • Who Can Apply: Full-time ethnic minority students pursuing a graduate degree in advertising, marketing, or PR
  • Amount: $3,750


California Association of Realtors Scholarship Foundation

  • Who Can Apply: Students in public California colleges and universities pursuing a degree related to real estate
  • Amount: Up to $4,000


Margery D. Shinners Scholarship

  • Who Can Apply: Illinois women studying a field related to association management
  • Amount: $1,500


Albert W. Dent Graduate Student Scholarship

  • Who Can Apply: Full-time minority graduate students studying healthcare management
  • Amount: $5,000


Paul Hagelbarger Memorial Scholarship

  • Who Can Apply: Students studying accounting in Alaska
  • Amount: $2,000
Military Scholarships

Created for active-duty military members, honorably discharged military members, members of the National Guard or Reserve, and family of military members, military scholarships support the nation's veterans and active military. These scholarships require applicants to submit proof of service, and many 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
  • Amount: Up to $2,500


Military MBA Scholarship

  • Who Can Apply: Veterans pursuing an MBA
  • Amount: $5,000


Sport Clips Help a Hero Scholarship

  • Who Can Apply: Active-duty or retired military, National Guard, and Reserve members
  • Amount: $5,000


Daughters of the American Revolution Scholarship

  • Who Can Apply: Women who are descendants of American Revolution veterans
  • Amount: $1,000 - $5,000
Read more about financial aid for the military
School-Specific Scholarships

Colleges and universities often create scholarships for their own students. Some businesses and organizations also create scholarships for students enrolled at a specific institution. These scholarships often help those with financial need.

Due to the highly niche nature of these scholarships, the directory below does not include any school-specific scholarships. However, MBA students interested in finding scholarships specific to their schools should contact the school's financial aid office to learn more.

MBA Scholarship Directory

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

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

AAUW Career Development Grants

Created by the American Association of University Women (AAUW), these grants help women cover the costs of tuition, fees, supplies, and books. Applicants must hold a bachelor's degree and plan to pursue a second bachelor's degree or a master's degree. Applicants must also submit a resume, transcripts, and letters of recommendation. AAUW selects winners based on financial need and academic merit.

Who Can Apply: Women with a bachelor's degree

Amount: $2,000-$12,000

Apply for Scholarship

Abbott & Fenner Scholarships

Created by A&F Business Consultants, the Abbott & Fenner Scholarships help finance the education of highly motivated individuals. Applicants must write a 500-1,000-word essay describing their educational career and life goals.

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

Amount: $1,000

Apply for Scholarship

ABWA Impact Scholarships - Stephen Bufton Memorial Scholarship

The American Business Women's Association offers multiple scholarships to women pursuing a degree in business. The ABWA offers many of these awards through local chapters. Award sizes vary based on financial need, academic merit, and the size of the local chapter. Applicants must maintain a minimum 3.0 GPA and submit a letter of recommendation.

Who Can Apply: Women studying business

Amount: Varies

Apply for Scholarship

AfterCollege Business Student Scholarship

Intended for students who demonstrate professionalism, communication skills, and academic excellence, the AfterCollege Business Student Scholarship requires applicants to submit work experience, honors, skills, and personal details. Applicants must be pursuing a degree in business with a minimum 3.0 GPA. Award amounts vary depending on the number of winners, though AfterCollege has awarded more than $1,000,000 in scholarships.

Who Can Apply: Students pursuing a degree in business

Amount: Varies

Apply for Scholarship

AFWA Foundation Paula Zanni Award

One of many awards offered by the Accounting & Financial Women's Alliance (AFWA), the Paula Zanni Award recognizes outstanding female students at the undergraduate and graduate levels who are pursuing a degree in accounting. Applicants should reside in either Arizona or New York, and AFWA suggests that applicants become AFWA members to increase their chance of winning a scholarship.

Who Can Apply: Women earning a degree in finance or accounting

Amount: Varies

Apply for Scholarship

AICP Scholarship

The Association of Insurance Compliance Professionals (AICP) offers this scholarship to assist students interested in a career related to insurance. All applicants must first complete at least two years of full-time accredited college courses. Graduate applicants, including those pursuing an MBA, may study either full time or part time. All individuals must pursue a degree related to business and maintain a minimum 3.0 GPA. AICP awards up to three scholarships each year.

Who Can Apply: Graduate students interested in business and insurance

Amount: $1,500

Apply for Scholarship

Albert W. Dent Graduate Student Scholarship

The Albert W. Dent Graduate Student Scholarship, offered in conjunction with the Foundation of the American College of Healthcare Executives (ACHE), awards minority MBA students entering their final year of full-time study and specializing in healthcare management or a related field. While not required, the scholarship gives preference to Student Associates of ACHE.

Who Can Apply: Full-time minority graduate students studying healthcare management

Amount: $5,000

Apply for Scholarship

ALPFA Scholarship

The Association of Latino Professionals For America (ALPFA) awards multiple scholarships to Hispanic undergraduate and graduate students studying business, accounting, finance, or STEM fields. Award amounts vary based on financial need and the applicant's status as a first- or second-generation student. To apply, students write a one-page essay detailing why they deserve an ALPFA scholarship, and submit a transcript verifying a minimum 3.0 GPA.

Who Can Apply: Hispanic students studying business, accounting, finance, or STEM

Amount: $2,000 - $10,000

Apply for Scholarship

Alpha Kappa Alpha Educational Advancement Foundation Scholarships

Offered by the first African-American sorority, the Alpha Kappa Alpha Educational Advancement Foundation Scholarship goes to full-time students pursuing a degree at an accredited institution, including online programs. Applicants should demonstrate academic achievement, leadership skills, and volunteer experience. Learners from all backgrounds may apply for either the merit-based or need-based graduate scholarship. Award amounts vary based on the number of winners.

Who Can Apply: Full-time students

Amount: Varies

Apply for Scholarship

American Public Transportation Foundation Scholarship

The American Public Transportation Foundation awards up to 20 undergraduate and graduate students with $5,000-$10,000 scholarships. Students must show an interest in pursuing a career or demonstrate previous professional experience in the public transportation industry. Applicants must also be currently enrolled in an accredited institution with a minimum 2.0 GPA. Candidates must submit a 1,000-word essay, two letters of recommendation, a transcript, proof of financial need, and proof of an American Public Transportation Foundation sponsor.

Who Can Apply: Undergraduate and graduate students studying a field related to the public transportation industry

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. The Army Women's Foundation Graduate Scholarship goes to women holding an undergraduate degree with a minimum 3.0 GPA. Individuals may study toward any degree, including an MBA. Applicants must verify service and submit two letters of recommendation, a two-page essay, and official college or university transcripts.

Who Can Apply: Women who served or currently serve in the military

Amount: Up to $2,500

Apply for Scholarship

Blinded Veterans Association Scholarships

The Blinded Veterans Association helps finance the education of blinded veterans and their spouses, children, and grandchildren. Applicants can receive up to four one-year scholarships. To apply, students must show their connection to a legally blind veteran, submit high school or college transcripts, write a 300-word essay on educational and career goals, and submit three letters of recommendation.

Who Can Apply: Blinded and active-duty service members and veterans and their dependent spouses, children, and grandchildren

Amount: $1,000 - $2,000

Apply for Scholarship

C200 Scholar Awards

Created to help women seeking an MBA, the C200 Scholar Award offers need- and merit-based scholarships of up to $10,000 to women. Women currently enrolled in an MBA program at a school with a C200 Reachout may apply. Most recipients demonstrate leadership, integrity, entrepreneurial spirit, and a commitment to supporting other women.

Who Can Apply: Women pursuing an MBA

Amount: Up to $10,000

Apply for Scholarship

Cafe Bustelo El Cafe Del Futuro Scholarship

Offered through the Hispanic Association of Colleges and Universities (HACU), the Cafe Bustelo El Care Del Futuro Scholarship awards 20 full-time undergraduate and graduate students with a $5,000 scholarship. Applicants must prove current enrollment in an HACU-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: Full-time Hispanic students

Amount: $5,000

Apply for Scholarship

California Association of Realtors Scholarship Foundation

Available to students enrolled in a California college or university pursuing a career in real estate, the California Association of Realtors Scholarship Foundation selects multiple winners annually. Applicants must prove their commitment to a career in real estate, enrollment in a California institution, and completion of at least two courses related to real estate. Students must also be enrolled in at least two courses, one of which must be related to real estate, and submit a transcript verifying a minimum 3.0 GPA.

Who Can Apply: Students in public California colleges and universities pursuing a degree related to real estate

Amount: Up to $4,000

Apply for Scholarship

Citizens Bank Scholarship

Citizens Bank allows students to apply for this scholarship on a monthly basis. Each month, Citizens Bank selects the winner of a $2,500 prize, 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 apply once, and their application automatically rolls over to the next month if not selected for a scholarship.

Who Can Apply: All students

Amount: Up to $15,000

Apply for Scholarship

Daughters of the American Revolution Scholarships

The Daughters of the American Revolution offers multiple scholarships for women, each of which sets different award values and application requirements. Most awards require a minimum 3.0 or 3.25 GPA, and some scholarships automatically renew for up to four years. To apply, female students must show their connection to a veteran of the American Revolution, send in transcripts, and submit a personal essay.

Who Can Apply: Women who are descendants of American Revolution veterans

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. Applicants must be undergraduate or graduate students attending an accredited Maryland institution. 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 surviving spouses or children of Armed Forces members

Amount: Up to full tuition

Apply for Scholarship

Frank L. Greathouse Government Accounting Scholarship

Offered by the Government Finance Officers Association (GFOA), the Frank L. Greathouse Government Accounting Scholarship awards learners studying toward a degree related to accounting. Applicants should demonstrate an interest in working for the government at the local or state level. To apply, individuals 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

Students with hearing loss enrolled full time in an accredited public policy or public administration program may apply for the George H. Nofer Scholarship. MBA students pursuing a concentration related to public administration or policy may apply. Applicants must submit a personal essay and three letters of recommendation.

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

Amount: $5,000

Apply for Scholarship

Goldberg-Miller Public Finance Scholarship

Another scholarship offered by GFOA and funded by the Girard Miller Foundation, the Goldberg-Miller Public Finance Scholarship goes to a graduate student preparing for a career in finance. Applicants must be interested in working for a state or local government. Applicants must submit a letter of recommendation.

Who Can Apply: Full-time graduate students

Amount: $16,000

Apply for Scholarship

Government Finance Professional Development Scholarship

Created by the GFOA Executive Board in 2010, the Government Finance Professional Development Scholarships awards funds to four part-time graduate students interested in a public finance career. Applicants must be working toward a degree in business administration, finance, or a related field; submit a letter of recommendation; and demonstrate at least two years of professional work experience in state or local government.

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

Jane M. Klausman - Women in Business Scholarships

Offered by the Zonta International Foundation to encourage women beginning a career in business, the Jane M. Klausman - Women in Business Scholarship helps fund undergraduate and graduate students pursuing a degree in business. The $2,000 award goes to up to 32 U.S. women who demonstrate outstanding business potential. Zonta International also selects up to six international students to win an $8,000 award.

Who Can Apply: Women pursuing a degree in business

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 with a minimum 3.0 GPA. Some awards also go to students from specific towns or states. Award winners may reapply, though the Kosciuszko Foundation does not guarantee any scholarship renewals.

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 which, along with a $3,750 award, includes a trip to New York City to attend professional development workshops and a dinner. Applicants must be pursuing a graduate degree in marketing, business, advertising, or public relations; maintain a minimum 3.2 GPA; be enrolled full time in an accredited institution; and be a member of a non-caucasian ethnic group. Students must also have at least two semesters of their master's degree remaining.

Who Can Apply: Full-time ethnic minority students pursuing a graduate degree in advertising, marketing, or PR

Amount: $3,750

Apply for Scholarship

Margery D. Shinners Scholarship

Another award offered through REEF, the Margery D Shinners Scholarship helps women in the field of association management fund their education. While many winners use the scholarship to fund association management training programs, scholarship winners can also apply the funds toward a degree program. Applicants must be employed by, or interested in working for, a real estate board or association in Illinois.

Who Can Apply: Illinois women studying a field related to association management

Amount: $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 with a bachelor's degree planning on earning an MBA can apply for the Military MBA Scholarship, though the award only applies to specific MBA programs and schools. Application requirements include official transcripts and two letters of recommendation, one of which must come from a member of the military. Winners cannot combine this award with any full-ride scholarships.

Who Can Apply: Veterans pursuing an MBA

Amount: $5,000

Apply for Scholarship

Minorities in Government Finance Scholarship

The Minorities in Government Finance Scholarship, offered by GFOA, recognizes outstanding minority students planning a career in government finance at the state or local level. The application requires a letter of recommendation demonstrating the applicant's commitment to the public sector. Applicants must be currently pursuing a degree in business administration, accounting, finance, or a related field.

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

Amount: $10,000

Apply for Scholarship

National Association for Black Accountants Scholarship

Offered to full-time undergraduate and graduate students pursuing a degree in business, the National Association for Black Accountants Scholarship awards around 50 scholarships each year. The amount of the award varies based on financial need. Applicants must be Black students with a minimum 3.3 GPA who demonstrate financial need. Before applying, individuals must also become student members of NABA.

Who Can Apply: Full-time African American students who are NABA members

Amount: $1,000 - $5,000

Apply for Scholarship

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

National Society of Hispanic MBA Scholarship

The National Society of Hispanic MBA Scholarship awards up to $10,000 to a Hispanic learner pursuing a master's degree in management or business. Applicants must be enrolled or prove future enrollment in an MBA program at an accredited university and hold a minimum 3.0 GPA. Winners may renew their award for up to one year or for the length of their MBA program.

Who Can Apply: Hispanic students pursuing a master's in management or business

Amount: $2,500 - $10,000

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

New Mexico Graduate Scholarships

The New Mexico Higher Education Department offers scholarships to prospective graduate students, including MBA students. While all graduate students may apply, priority goes to New Mexico residents, students who exhibit significant financial need, and those from underrepresented communities. Award winners must commit to serving in an unpaid internship relevant to their major for 10 hours a week for the ensuing 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 the cost of a graduate education up to $90,000. Applicants must be immigrants or children of non-citizen immigrants. They must also hold a bachelor's degree and plan on enrolling in a graduate program. The fellowship requires applicants to be 30 years old or younger.

Who Can Apply: Immigrants and children of immigrants

Amount: Up to $90,000

Apply for Scholarship

Paul Hagelbarger Memorial Scholarship

Created by the Alaska Society of CPAs, the Paul Hagelbarger Memorial Scholarship aids undergraduate and graduate learners studying accounting. Students must plan on pursuing a career in public accounting in Alaska and currently study at an accredited four-year institution in the state. The Alaska Society of CPAs commits to offering at least $2,000 per scholarship, though the award size may increase for some winners.

Who Can Apply: Students studying accounting in Alaska

Amount: $2,000

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

Richard D. Wiegers Scholarship

Created by the Dick Wiegers Scholarship Fund and offered through the Illinois Real Estate Educational Foundation (REEF), the Richard D. Wiegers Scholarships helps students finance an education in business, law, or finance. Available to both undergraduate and graduate students, applicants must be current residents of Illinois. Winners receive a one-time award. REEF selects winners based on academic achievement, financial need, letters of recommendation, and real estate interest.

Who Can Apply: Illinois residents pursuing a degree in business

Amount: $1,000

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Ritchie-Jennings Memorial Scholarship Program

Offered by the Association of Certified Fraud Examiners (ACFE), the Ritchie-Jennings Memorial Scholarship supports students interested in a fraud examination career. Applicants must be full-time undergraduate or graduate students working toward a degree related to fraud examination, including an MBA. Applications require official transcripts and two letters of recommendation. In addition to scholarships, winners receive one free year of ACFE membership.

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

Amount: $1,000-$10,000

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Scholarships for Lutheran Laywomen

Created for women who experienced a two-year or longer interruption in their education, the Lutheran Laywomen scholarships award full-time undergraduate and graduate students. The Evangelical Lutheran Church of America prefers candidates who demonstrate involvement in the church. Winners may renew the scholarships for a second year.

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

Amount: Varies

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SILA Foundation Post-Secondary College Scholarship

Offered by the Securities and insurance Licensing Association Foundation, the SILA Foundation Post-Secondary College Scholarship awards several students with $2,500. Applicants may be full-time or part-time students, though part-time students must also be employed. Students must also be pursuing a degree related to business administration, education, finance, accounting, insurance, or marketing. Candidates must submit a transcript, a letter of reference, and an employment verification letter (if required).

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

Amount: $2,500

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SHRM Foundation Graduate Scholarships

The SHRM foundation awards up to 30 scholarships to students pursuing a graduate degree related to human resources, including an MBA. Applicants must be current SHRM members, enrolled in a graduate program at a regionally accredited institution, and hold a minimum 3.5 GPA. The SHRM Foundation also requires a letter of reference proving the applicant's character, work ethic, and financial need.

Who Can Apply: SHRM members pursuing a graduate degree

Amount: $5,000

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Sport Clips Help a Hero Scholarship

The Sport Clips Help a Hero Scholarship, created with Student Veterans of America, extends scholarships of up to $5,000 to active and retired military members. Students can earn scholarships during the fall or spring semester with the option to 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 or retired military, National Guard, and Reserve members

Amount: $5,000

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Tillman Military Scholars Program

Created for military members, veterans, and their spouses, the Tillman Military Scholars Program provides an average award of $11,000. Applicants must be full-time undergraduate or graduate students at an accredited institution. Application requirements include a resume, two short essays, a letter of recommendation, a short biography, and proof of military service.

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

Amount: Up to $23,000

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Wiley CPAexcel

Offered by Wiley Efficient Learning, the Wiley CPAexcel award goes to a student taking at least one course in accounting. Applicants may be part- or full-time learners at any level. While not required, the best applicants should demonstrate an interest in accounting, finance, or a similar field. Winners also receive the Wiley CPAexcel Platinum Course with free shipping to help prepare for the certified public accountant exam.

Who Can Apply: Part- or full-time college students studying accounting

Amount: $500

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Women's Independence Scholarship Program

The Women's Independence Scholarship Program helps abused women overcome barriers to an education. The award favors single mothers with significant financial need. While the program extends scholarships to graduate students, most winners are pursuing undergraduate degrees, so MBA students face tough competition. Women who plan on educating and helping other women receive special consideration during the application process.

Who Can Apply: Formerly abused women

Amount: Varies

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Frequently Asked Questions

Can you get scholarships for MBAs?
Yes, MBA students can access many scholarships. Some programs only extend scholarships to students pursuing an MBA, while others award students based on factors like background, financial need, and academic merit.
How common are MBA scholarships?
Thousands of students receive scholarships each year, including students pursuing an MBA.
How can I get a full ride MBA?
Students may receive a full-ride MBA scholarship based on factors like academic merit, financial need, background, and professional experience.
Who will pay for my MBA?
Learners can access various forms of financial aid to help pay for their MBA, including scholarships, grants, loans, employer assistance, and work-study programs.

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