Top 10 Masters in Business Administration Scholarships 2024

Are you an aspiring student looking to pursue a master’s degree in business administration (MBA)? If so, you may be wondering how to finance your studies and avoid accumulating a huge debt. Fortunately, there are many scholarships available for MBA students from various sources, such as universities, foundations, corporations, and governments. These scholarships can help you cover the tuition fees, living expenses, travel costs, and other expenses associated with your MBA program. In this article, we will introduce you to the top 10 master’s in business administration scholarships that you can apply for in 2024.

1. Cleary University Academic Scholarship

Cleary University is a private, non-profit institution that offers online and on-campus MBA programs in various fields, such as accounting, finance, marketing, health care, and entrepreneurship. The Cleary University Academic Scholarship is awarded to students who demonstrate academic excellence, leadership potential, and community involvement. The scholarship amount ranges from $2,000 to $10,000 per year, depending on the student’s GPA and test scores. To apply, you need to submit an online application, official transcripts, test scores, a resume, and a personal statement.

2. AACE International Scholarship

AACE International is a professional association that provides education, certification, and networking opportunities for cost engineers, project managers, and other professionals involved in the management of projects and programs. The AACE International Scholarship is open to students who are pursuing a master’s degree in business administration or a related field, and who have an interest in cost engineering or project management. The scholarship amount is $2,500 per year, and it can be renewed for up to two years. To apply, you need to submit an online application, official transcripts, two letters of recommendation, and a personal essay.

3. Asian Women in Business Scholarship (AWIB)

Asian Women in Business (AWIB) is a non-profit organization that supports and empowers Asian women entrepreneurs and professionals in the U.S. and globally. The AWIB Scholarship is designed to recognize and reward outstanding Asian women who are pursuing a master’s degree in business administration or a related field, and who demonstrate leadership, community service, and entrepreneurship. The scholarship amount is $2,500 per year, and it can be used for tuition, books, or other educational expenses. To apply, you need to submit an online application, official transcripts, two letters of recommendation, a resume, and an essay.

4. Brightest Minds MBA Scholarship

The Brightest Minds MBA Scholarship is a contest sponsored by The Economist and GMAT Tutor, two leading sources of information and preparation for MBA aspirants. The contest is open to anyone who is planning to enroll in an MBA program within the next two years, and who has not yet taken the GMAT exam. The contest requires you to take a free GMAT simulation test and score as high as possible. The highest scorer will receive a $25,000 scholarship to the MBA program of their choice. The second and third-highest scorers will receive $15,000 and $10,000 scholarships, respectively.

5. SHARE Fellowship Program

The SHARE Fellowship Program is a joint initiative of the European Union and the Association of Southeast Asian Nations (ASEAN) that aims to enhance regional integration and cooperation in higher education. The program offers full scholarships for students from ASEAN countries who wish to pursue a master’s degree in business administration or a related field at one of the participating universities in the EU or ASEAN. The scholarship covers the tuition fees, travel costs, living allowance, health insurance, and visa fees. To apply, you need to submit an online application, official transcripts, a motivation letter, a study plan, and two letters of recommendation.

6. Wright Global Business Scholarship Awards

The Wright Global Business Scholarship Awards are offered by the Wright Graduate University, a private, accredited institution that provides online and on-campus MBA programs in transformational leadership and coaching. The awards are given to students who demonstrate academic achievement, leadership potential, and a commitment to global business and social change. The awards range from $5,000 to $25,000 per year, depending on the student’s financial need and merit. To apply, you need to submit an online application, official transcripts, test scores, a resume, a personal statement, and two letters of recommendation.

7. David and Jeannie Price Scholarship

The David and Jeannie Price Scholarship is a generous gift from David and Jeannie Price, two successful entrepreneurs and philanthropists who are passionate about supporting education and entrepreneurship. The scholarship is available for students who are pursuing a master’s degree in business administration or a related field at the University of Oklahoma, where David Price is an alumnus and a former faculty member. The scholarship amount is $10,000 per year, and it can be renewed for up to two years. To apply, you need to submit an online application, official transcripts, test scores, a resume, and a personal statement. 

8. Blacks at Microsoft (BAM) Scholarships

Blacks at Microsoft (BAM) is an employee resource group at Microsoft that supports the recruitment, retention, and development of black employees and students in the technology industry. The BAM Scholarships are open to students who identify as black or African American, who are pursuing a master’s degree in business administration or a related field, and who have a passion for technology and innovation. The scholarship amount is $5,000 per year, and it can be renewed for up to two years. To apply, you need to submit an online application, official transcripts, two letters of recommendation, a resume, and an essay.

9. Google Lime Scholarship Program

The Google Lime Scholarship Program is a collaboration between Google and Lime Connect, a non-profit organization that connects students and professionals with disabilities with leading corporations and organizations. The program offers scholarships for students with disabilities who are pursuing a master’s degree in business administration or a related field, and who have an interest in working at Google or in the technology sector. The scholarship amount is $10,000 per year, and it also includes an invitation to attend the Google Scholars’ Retreat, a networking and learning event at the Google headquarters. To apply, you need to submit an online application, official transcripts, two letters of recommendation, a resume, and an essay. 

10. Forté Foundation Scholarships

The Forté Foundation is a consortium of leading companies, business schools, and non-profit organizations that aim to increase the representation and advancement of women in business. The Forté Foundation Scholarships are awarded to women who are pursuing a master’s degree in business administration or a related field at one of the partner business schools, such as Harvard, Stanford, Wharton, INSEAD, and London Business School. The scholarship amount varies depending on the school and the applicant’s profile, but it can range from $10,000 to $50,000 per year. To apply, you need to submit an online application, official transcripts, test scores, a resume, and an essay.

Final Words

As you can see, there are many opportunities for MBA students to obtain scholarships that can help them achieve their academic and career goals. Whether you are looking for a scholarship based on your academic merit, financial need, leadership potential, community service, or personal background, there is likely a scholarship that suits your profile and interests. We encourage you to research the eligibility criteria, application requirements, and deadlines of the scholarships that interest you, and apply as soon as possible.