30 Best MBA Scholarships For Indian Students

Are you an Indian student looking to pursue an MBA? You’re in luck! There are many MBA scholarships for Indian students all over the world. These scholarships can help cover tuition fees, living expenses, and other costs associated with pursuing an MBA degree.

Global MBA Scholarships for Indian Students

Go Global MBA Scholarship for MBA studies – educations.com awards this scholarship to students who study an MBA abroad in a country where they don’t hold citizenship or reside. The scholarship provides US$7,000 to help cover tuition fees. The deadline for applications is April.

Inlaks Shivdasani Scholarships – If you’re an Indian student looking to study at a top-rated American, UK, or European institution for a full-time master’s programme including an MBA, then you can apply for this scholarship. The scholarship is open to Indian passport holders who are residents of India at the time of application. The deadline for applications is  March.

QS World Merit Leadership MBA Scholarship – This scholarship is designed to award MBA applicants with exceptional leadership skills and innovative thinking. The prize money of US$10,000 can be used to cover tuition fees. To apply, you must attend a QS recruitment event either in-person or online and have accepted an offer by the time a winner is chosen. The deadline for applications is May.

MBA Scholarships for Domestic Indian Students

IDFC First Bank MBA Scholarship Program – This scholarship is need-based and awarded to full-time MBA students. To be eligible, you must have secured a place in an Indian business school on your merit and have a family income of less than 6 lakhs per annum. Applications will open later in the year.

Schulich School of Business India scholarships – The India campus offers scholarships for students pursuing an MBA in India. The Stewart Family Entrance Scholarship and Kamlesh G. Moorjani Entrance Scholarships offer between US$1,000 and US$10,000 for students entering the MBA programme.

Indian School of Business scholarships – There is a range of scholarships available for postgraduate and MBA students at the Indian School of Business. Scholarships include the Professor Manasa Mandava Memorial Scholarship awarded to a woman applicant with high merit, and the Amit Khanna Scholarship for students who are the sole earning member of their family.

SPJIMR scholarships – Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management and Research is offering a range of means-based financial assistance and merit-based scholarships for students in the Postgraduate Diploma in Business Management programme in Mumbai.

IIM Bengalaru Employment in Social Sector Scholarship – This scholarship reimburses the recipient one-third of tuition fees at the end of each year working for the social sector, for three years.

North American MBA Scholarships For Indian Students

MPOWER MBA Scholarship – This scholarship provides US$10,000 for international students enrolled in a full-time MBA programme at a US or Canadian business school supported by MPOWER. Applications re-open later in the year, so check back then.

INSEAD Deepak and Sunita Gupta Endowed Scholarship – This scholarship is aimed at outstanding candidates with limited financial means. It will enable INSEAD to attract diverse candidates from economically challenged regions of the world to study in the MBA programme at The Wharton School, Philadelphia. Deadlines vary depending on start dates.

Chicago Booth A. H. Tobaccowala Fellowship – This fellowship is awarded to students whose primary home is within India at the time of application. Established by a Chicago Booth alumnus and innovative business leader in memory of his father.

Haskayne School of Business MBA scholarships – This business school offers a range of scholarships for first-year students in the MBA programme at the University of Calgary. Contact the school for further information.

Rotman School of Management In-program awards – Funding is available for international students on the basis of academic merit and financial need. The MBA scholarships, fellowships, and awards are offered to Morning or Evening MBA students who have completed the first year of their programme.

Forté Foundation MBA scholarships – To advance women in business leadership, the Forté Foundation has awarded over US$330,000 million to more than 13,000 fellows via its partner business schools in the US and Canada. Join the foundation with a free membership to find out more.

Hoegg Family MBA Scholarship – The Saunder School of Business at the University of British Columbia is offering two CAD$25,000 scholarships for students in the MBA programme. One of these awards is for a female international student with evidenced leadership skills. Students are automatically considered in the admissions process.

MBA Scholarships in the UK For Indian Students

Felix Scholarships – The Felix Scholarship enables outstanding students from India to pursue graduate studies in any subject at the University of Oxford, the University of Reading and the School of Oriental and African Studies at the University of London. Deadlines vary between schools, so check the individual university websites later in the year for 2024 entry.

Chevening scholarships – This scholarship is a fully funded scholarship that covers tuition fees, travel, and visa costs. It’s available to outstanding emerging leaders to pursue a one-year master’s degree, including an MBA. Applications open in August each year.

Commonwealth scholarships – The Commonwealth scholarships provide full funding for a master’s programme in the UK, travel to and from the UK, and a living allowance. These scholarships are for talented individuals with the potential to make a positive impact in the world. Applications close in October.

GREAT scholarships – This scholarship provides funding for MBA candidates in India and 17 other nationalities across Africa, Asia, and Europe. Maximum funding is £10,000 GBP, which covers tuition fees only. Visit the university websites for specific deadlines. Prizes will be awarded by June.

Lancaster University Management School MBA Scholarship – This scholarship is designed to attract and support students with the potential to contribute to the social and cultural diversity of the MBA programme. It’s open to international students from India. Applicants must have received a conditional or unconditional offer for a place at Lancaster University. Check the university website for details.

University of Bath MBA Scholarship – Scholarships are available for international students, as well as those from the UK, covering all or part of your tuition fees. You must have received an offer to study in the full-time MBA or Executive MBA programme. There are four deadlines, so check the university website.

Other MBA Scholarships In The World For Indian Students

IMD Hilti Scholars Program – IMD in Switzerland is supporting the brightest STEM background MBA scholars by covering 50 per cent of their tuition fees. The programme supports six IMD MBA scholars each year. Deadlines range from February to October.

EADA Scholarship for Excellence MBA – This scholarship provides 25 per cent of the tuition fee for students who have applied for an MBA programme at EADA Business School in Barcelona, Spain. The deadline for applications is May.

HKUST MBA scholarships – The Hong Kong University of Science and Technology is offering several scholarships for MBA students to fund partial or full tuition fees, some of which are open to international students. Check the website for details.

Melbourne Business School Dean’s International Management Scholarship – This scholarship provides a full tuition fee waiver and is awarded to outstanding international students in the MBA programme. Check the website for dates for this year’s entry.

MOE Taiwan Scholarship Program – This scholarship is encouraging outstanding South Asian students to undertake a postgraduate programme in Taiwan. It awards NTD 40,000 each semester and a monthly stipend of NTD 20,000. The scholarship is funded by the Ministry of Education in Taiwan, and the deadline for applications is March.

SDA Bocconi School of Management scholarships – The Italian business school, SDA Bocconi, is offering 35 tuition fee waivers and scholarships for MBA applicants annually. This includes a tuition waiver for a student from the Partial Central Asia and Indian subcontinent region. The deadline for applications is April.

National University of Singapore MBA scholarships – NUS Business School has a range of MBA scholarships available depending on your circumstances and demonstration of excellence. Check the website for more details.


Pursuing an MBA degree can be a significant investment in your future. While the cost of an MBA program can be high, scholarships can provide much-needed financial assistance. There are a variety of MBA scholarships available for Indian students, both domestically and internationally.

If you are considering applying for an MBA program, be sure to research the various scholarships available to you. Take note of the deadlines and requirements for each scholarship and ensure that you submit a well-prepared application.

Remember, scholarships are awarded based on a range of factors, including academic excellence, financial need, leadership skills, and diversity. So, take the time to identify your unique strengths and qualifications, and tailor your scholarship applications accordingly.

With dedication and hard work, you could be the next Indian student to receive a scholarship to pursue your MBA dreams. Good luck!