Top 10 Scholarships For MBA Abroad

Are you looking to pursue an MBA abroad, but the high tuition fees and living costs have you concerned? Fortunately, there are various scholarships for MBA abroad available for international students looking to obtain an MBA degree. From prestigious universities in Europe to renowned business schools in the US, these scholarships offer financial support for tuition fees, living expenses, and even travel costs. Whether you are a woman from a developing country or an emerging leader from Africa, there is a scholarship available for you.

In this article, we have compiled a list of the top 10 scholarships for MBA abroad that cater to students from diverse backgrounds. We will discuss the eligibility criteria, application process, and the benefits of each scholarship, so you can make an informed decision when applying. 

Don’t let financial barriers hold you back from pursuing your dreams. Read on to learn about these exciting scholarship opportunities and take the first step towards advancing your career.

Scholarships For MBA Abroad

Below is the list of the top 10 scholarships for MBA abroad and all you need to know about each of them.

1. UCL Global Masters Scholarships for International Students

Are you an international student from a low-income background seeking scholarships for MBA abroad? If so, you might be interested in the UCL Global Masters Scholarship offered by University College London in the UK. This MBA scholarship aims to provide financial support to up to 75 postgraduate students who come from outside the UK and have a lower household income.

UCL Global Masters Scholarships for International Students covers £15,000, which is tenable for one year only. However, if the full-time program is two years in length, the scholarship will be paid 50% each year. To be eligible, candidates must meet certain criteria, such as having submitted an admission application for a full-time Master’s degree at UCL and being eligible to pay the overseas fee rate. If you fulfil all these requirements, you can submit your application through an online application form before 5 pm BST on Thursday, April  2023 (annually).

Don’t miss this opportunity to pursue your dream of getting an MBA abroad. Visit the official website to access the application form and get detailed information on how to apply for this scholarship. With the UCL Global Masters Scholarship, you can overcome financial barriers and take your career to the next level.

Official Website: https://www.ucl.ac.uk/scholarships/ucl-global-masters-scholarship

2. DAAD Scholarships in Germany for Development-Related Postgraduate Courses

If you’re a student from a developing or newly industrialized country and have at least two years of professional experience, DAAD (German Academic Exchange Service) scholarships are an excellent opportunity to pursue a postgraduate or master’s degree in Germany. In some cases, MBA and doctoral degrees can also be obtained. 

DAAD MBA scholarships are limited and cover monthly payments, health insurance, accident and personal liability insurance, travel allowance, and other expenses, including tuition fees.

The scholarships are available for master’s or PhD courses in various fields, including business administration, engineering, natural and environmental sciences, media studies, and social sciences, among others. Applicants must be currently working for a public authority or a state or private company and have completed a Bachelor’s degree with above-average results. Applicants must also meet German or English language requirements and apply directly to the respective course. The deadline for applications varies depending on the course but falls around August-October annually.

Official Website: https://www2.daad.de/deutschland/stipendium/datenbank/en/21148-scholarship-database/?status=3&origin=190&subjectGrps=F&daad=&intention=&q=&page=1&detail=50076777

3. Nestle MBA Scholarships for Women from Developing Countries

The Nestle Scholarship for Women was established in 1997 to encourage women from developing countries to pursue an MBA at IMD in Switzerland. This scholarship for MBA abroad, which is valued at CHF 25,000, is awarded to only one woman each year. However, employees of Nestlé and its subsidiaries are not eligible for the scholarship.

To apply for Nestle MBA Scholarships, female applicants must complete the MBA financial aid application form and submit a 750-word essay that addresses how Nestlé can better promote allyship among its employees to create a more diverse and inclusive workplace.

The deadline for scholarship applications is September 1st each year.

This scholarship is an excellent opportunity for women from developing countries who wish to pursue an MBA abroad at a prestigious institution like IMD. It not only provides financial support but also encourages women to take on leadership roles and make a positive impact on the world. If you meet the eligibility criteria, take advantage of this opportunity and apply for the Nestle Scholarship for Women today.

Official Website: https://www.imd.org/mba/financing/one-year-mba-program-scholarships/

4. Oxford Pershing Square Graduate Scholarships

Pershing Square Foundation is a highly-rated scholarship for MBA abroad. Every year, they offer six fully-funded scholarships to exceptional students who are looking to undertake Oxford University’s one-year full-time MBA programme combined with one of the one-year Master’s programmes offered by other University departments.

The Oxford Pershing Square Graduate Scholarships covers both the Master’s degree and the MBA year, as well as at least £15,609 towards living expenses for both years of study. The scholarship is open to all countries, but to be eligible, you must meet the entry requirements for both the Oxford MBA and your chosen Master’s programme.

Official Website: https://www.sbs.ox.ac.uk/oxford-experience/scholarships-and-funding/oxford-pershing-square-scholarship

5. Skoll MBA Scholarships at Said Business School

The Skoll MBA Scholarship is a highly competitive scholarship that provides funding and unique opportunities for students pursuing an MBA at the Said Business School at the University of Oxford, UK. This scholarship for MBA abroad aims to support students who are committed to entrepreneurial solutions for urgent social and environmental challenges.

 Skoll MBA Scholarships at Said Business School cover the full costs of tuition and college fees for the MBA programme, as well as partial living expenses up to an additional £14,985. To be eligible, applicants must have spent a minimum of three years driving change through entrepreneurial approaches, such as starting or growing a social venture or leading the expansion of a social impact initiative. They must also demonstrate their personal qualities as a social entrepreneur, including being single-minded, persistent, and willing to take personal and financial risks.

If you are interested in applying for this scholarship, you must first connect with the Skoll Centre to register your interest. Then, you can apply for the Oxford Saïd MBA during stages 1, 2, or 3 and submit your Skoll Scholarship essays by the relevant deadline. Once you have been accepted into MBA programme, the Skoll Centre will send you a link to the second part of the scholarship application. This is an excellent opportunity for students who want to pursue an MBA abroad while making a positive impact on society and the environment.

Official Website: http://skollscholarship.org/

6. Kofi Annan MBA Scholarships for Developing Country Students

The Kofi Annan Fellowship is a prestigious scholarship for MBA abroad aimed at emerging leaders from developing countries who aspire to make a positive impact on their home countries. This fully-funded MBA scholarship covers a two-year Master’s in Management or a one-year full-time MBA education at the ESMT European School of Management and Technology in Berlin, Germany. In addition, it also offers compensation for travel and accommodation costs, program-related fees, and support for travel, visa, housing, insurance, placement, and networking.

To be eligible for this scholarship for MBA abroad, applicants must be residents of the United Nations’ Least Developed Countries, Landlocked Developing Countries, or Palestine. MIM applicants should have a Bachelor’s degree in any discipline with excellent grades, less than 18 months of work experience, and proficient English skills, while MBA applicants should have a Bachelor’s degree of any kind, a minimum of three years of professional experience, a GMAT or GRE score, and proficient English skills. All applicants should have a willingness to contribute to building the economy and society of their home countries with entrepreneurial impetus.

Applications for the Kofi Annan Fellowship are accepted and awarded on an ongoing basis during the application cycle. The MIM program starts in September of each year, with a final application deadline of June 30, while the MBA program begins in January of each year, with a final application deadline of September 30. Interested candidates are advised to read the brochure and visit the official website for detailed information on how to apply for this scholarship for MBA abroad.

Official Website: http://www.esmt.org/degree-programs/full-time-mba/scholarship-programs

7. SDA Bocconi MBA Scholarships

SDA Bocconi School of Management in Italy is offering full and partial merit-based tuition waivers to 31 outstanding MBA candidates annually. The MBA scholarships are open to applicants from a variety of regions and countries, including Europe, North and South America, Africa, the Middle East, and Asia.

The value of SDA Bocconi MBA Scholarships ranges from 50% to 100% of tuition fees, and the application process involves sending a Scholarship or Tuition waiver Application Form before the relevant deadline. It is worth noting that the deadline for most of the tuition fee waivers is April. To be eligible for the MBA scholarships, applicants must have already applied to the MBA Program and meet the prerequisites for each scholarship or tuition waiver. Candidates can apply for the scholarship/tuition waivers even if their selection process is still in progress.

This is a fantastic opportunity for students looking to pursue an MBA degree at one of Europe’s top business schools. If you’re interested in applying, make sure to visit the official website to access the application form and for more detailed information. Don’t miss out on the chance to advance your career with the help of a scholarship for MBA abroad.

Official Website: http://www.sdabocconi.it/en/mba-executive-mba/full-time-mba/admissions/scholarships-funding#content

8. Bristol MBA International Scholarship

The University of the West of England Bristol is currently offering MBA scholarships for international students who want to study at the institution. The scholarship for MBA abroad covers 50% of the tuition fees for the Full-time Master of Business Administration (MBA) program. The scholarships are available for students starting in September or January annually. However, applicants need to meet the eligibility criteria to be considered for the scholarship.

To be eligible, applicants should have achieved the equivalent of a British 1st or 2:1 in an undergraduate degree, hold an unconditional offer or a conditional offer where IELTS or equivalent English language is the only condition, not have studied in the UK before, be classed as overseas for fees purposes, not be a sponsored student or in receipt of another scholarship/award, and provide official transcripts at the time of application. Applicants will also need to prove that they satisfy the UKVI criteria in terms of being able to cover living costs and the remainder of the fee.

To apply for the scholarship, applicants need to submit their personal statement alongside their MBA program application. They should explain why they want to pursue an MBA and why they chose to study at the University of the West of England Bristol. The submission deadline for the scholarship is April, for the September start and November for the January start. Interested applicants can visit the official website for more detailed information on how to apply for the scholarship.

Official Website: http://www1.uwe.ac.uk/bl/bbs/courses/mba/bristolmbascholarships.aspx

9. Stanford Africa MBA Fellowship

Are you a citizen of an African country with a financial need who wants to obtain an MBA degree at Stanford Graduate School of Business? Then the Stanford Africa MBA Fellowship Program may be just what you’re looking for. This MBA scholarship is offered to citizens of African countries who want to pursue an MBA degree at Stanford GSB. The scholarship provides financial support for the cost of Stanford MBA tuition and associated fees for the two-year course of study. Up to 8 scholarships are awarded each year, and the recipients must commit to returning to work in Africa within two years of graduating from Stanford.

To be eligible for the Stanford Africa MBA Fellowship, you must be a citizen of an African country and have completed or be in the final year of completing your university studies. Dual citizens are eligible as long as they hold citizenship of an African nation. The deadline for applications is June annually, and the applications are currently closed. If you’re interested in applying for this scholarship, make sure to visit the official website for detailed information on how to apply.

The Stanford Africa MBA Fellowship Program is an excellent opportunity for citizens of African countries who want to pursue an MBA degree at Stanford GSB. With financial support for the cost of tuition and associated fees, this scholarship is a great way to make your dreams of studying abroad a reality. So if you’re interested, make sure to check the official website for more information on how to apply for this scholarship.

Official Website: https://www.gsb.stanford.edu/programs/mba/financial-aid/international-students/stanford-africa-mba-fellowship

10. INSEAD Nelson Mandela MBA Scholarships for Africans

The final MBA scholarship on our list of top 10 scholarships for MBA abroad is sponsored by INSEAD, one of the top business schools in the world. INSEAD is offering the INSEAD Nelson Mandela Endowment Scholarships for the Masters in Business Administration (MBA) program. 

Created by the INSEAD MBA Class of ’75 to honour the legacy of President Nelson Mandela, the scholarship provides financial support for one or more African participants per year in perpetuity. The MBA scholarship is open to candidates who have spent a substantial part of their lives and received part of their prior education in Africa, and preference is given to candidates who require proven financial assistance.

INSEAD Nelson Mandela MBA Scholarships for Africans is worth up to €20,000, and the application process requires candidates to submit an essay by the deadline. INSEAD seeks outstanding candidates who demonstrate academic achievement, aptitude for business and financial management, a strong likelihood of spending the better part of their working careers in Africa, and a firm commitment to the goals of African development, understanding amongst people, and public interest. 

So, if you are a national of a sub-Saharan African country and meet these criteria, do not miss this opportunity to pursue an MBA at one of the best business schools in the world. For detailed information on how to apply for this scholarship, visit the official website before the deadline, which falls on either May annually, depending on the intake.

Official Website: https://sites.insead.edu/mba/schlmgmt/dsp_schl_info.cfm?schlcode=AFR02