Women pursuing an MBA degree can get the financial support they need to fund their education. In this post, I have discussed the MBA scholarships for women which are provided by universities, organizations, and the government. Keep reading to find an MBA scholarship to apply for and fund your education without falling into so much debt.
Master of Business Administration or MBA is a graduate business degree designed to train students through experiential learning of the business world and prepare them for managerial and leadership positions in an organization. Students in an MBA program are bachelor’s degree holders in business, economics, finance, or a related degree with many years of work experience.
So, they are basically business professionals looking to advance their skills, climb up the professional and academic ladder, expand their horizons, and gain an in-depth understanding of the business world. An MBA education prepares these students to take up challenges found in businesses and manage them efficiently. It is in the managerial or leadership role that you can do this and they are well-prepared for it through an MBA.
MBA equips students with critical thinking skills to take up these challenges and solve them efficiently. With an MBA degree, you will earn respect from colleagues and be at the top of the organization, you will also be open to more and bigger job opportunities. With your MBA degree, you can take up the following job positions:
- Human Resources Manager
- Business Analyst
- Product Manager
- Financial Advisor
- Marketing Manager
- Business Consultant
- General Manager
- IT Manager and many other leaderships position.
With an MBA, you can take up any leadership position in any field. This is the interesting thing about getting an MBA, it cut across every other discipline and there are job opportunities for you in any sector because business is done across all study fields. And it gets better when you focus your MBA on a particular niche.
You can decide to get an MBA in Project Management or an online MBA in finance, and if your interest lies in the healthcare field, you can get an MBA with a focus on healthcare management. And thanks to the internet and innovation of digital learning tools many institutions have made getting an MBA easy and accessible in such a way that allows you to get an MBA degree online.
To further help you on expanding your options for getting an MBA online, we at Study Abroad Nations have published other posts on online MBA programs in California, online MBA programs in Florida, and online MBAs in Texas. These online MBA programs are available to anyone from any part of the world to enroll and get their MBA degree from the comfort of their home or while working.
So far, I have made getting an MBA seems so easy and exciting – well, it is – but the major problem is the cost and this has halted the aspirations of some people. There is no easy way to say this and not make it come out negatively but an MBA degree is very expensive and you could fall into a huge debt if you decide to go for it without financial aid options or any financial backup or assistance.
The cost of an MBA degree is between $30,000 to $100,000 per year and this could go higher depending on the MBA focus and the university offering the program. But this does not alter the fact that an MBA degree is a good investment. Without an MBA degree, you could be earning around $64,000 per year with your bachelor’s business degree but with an MBA degree, you can earn around $115,000 per year which is even an average starting salary.
So, you can see the wide gap in salary as well as the difference in skillset and opportunities.
I mentioned earlier that getting an MBA degree is expensive if you do not have any financial backing, well, this post is designed to offer you this financial backing. In this post, I have highlighted some of the MBA scholarships for women. These scholarships are designed to encourage women who want to become leaders in the business world which men typically dominate.
The main aim of awarding scholarships is to assist in funding your education and also boost encouragement among the targeted recipients. This is why you can find scholarships for people with autoimmune diseases and NGO scholarships for poor students. So, these MBA scholarships for women can encourage more women to enter the business sector and get their MBA education funded.
The MBA scholarships for women are offered by institutions, government, charity organizations/foundations, and wealthy individuals. With this fund, the financial barrier that prevents women from getting a graduate business degree is eliminated and they can go ahead to gain the leadership skills, network, and confidence they need to succeed in their businesses.
The MBA scholarships for women will also help reduce the reliance on loans and falling into school debt and help graduates see a quicker return on their investment in education.
Below are some of the best MBA scholarships for women and how to apply for them.
Best MBA Scholarships for Women
As a woman looking to climb up the professional ladder in the business field, an MBA degree is just what you need to get there but it is a well-known fact that the degree is expensive to get. With these scholarships highlighted here, funding your graduate business education will no longer be a problem or, at least, will be cut down to a reasonable amount.
Keep reading to find a suitable scholarship and the application process…
1. IMD MBA Scholarships
The International Institute for Management Development IMD is a business school located in Switzerland and has a branch in Singapore. The institute offers a wide range of scholarship opportunities to men and women who want to pursue an MBA degree from the institution but there are specific scholarships targeted at women who want to get an MBA from IMD.
According to its 2022 scholarship stats, 75% of women won a scholarship and you could be next.
IMD offers a financial need scholarship that awards CHF 30,000 to applicants with proven financial need, academic excellence, strong reference letters, and steady career progression.
Women can also apply for this scholarship as well as for the ones targeted at women like the Hilti Scholarship for Women which offers CHF 25,000, the Nestle Scholarship for Women which offers CHF 25,000, and the BackPack-Excellence Scholarship for Women which offers a full scholarship.
The Hilti Scholarship for Women gives preference to female engineers from and living in, an emerging market and it is not eligible to the employees of Hilti, applicants are also required to write a 750-word essay.
The Nestle Scholarship for Women gives preference to women from developing countries who are not employees of Nestle or its subsidiaries, you will also need to write a 750-word essay.
Finally, the BackPack-Excellence Scholarship for Women, which offers a full scholarship, gives priority to female candidates who have experienced the hardship of being forced to leave their homeland due to conflict, natural disaster, or persecuted for their beliefs. You also need to write a 500-word essay.
The essays for each of these scholarships have their respective topics. See the topics and application forms through the link provided below. IMD MBA provides some of the best MBA scholarships for women.
2. Executive MBA Scholarships for Women – Said Business School
Said Business School is the business school of the prestigious University of Oxford. The school is offering two types of scholarships annually to exceptional female candidates at each intake of the Executive MBA program.
The Forte Foundation Fellowships for Women and the Oxford Executive MBA Scholarships for Women in association with the 30% club are the two scholarship offerings.
To be awarded any of these scholarships, you need to possess academic excellence, professional achievement, the desire to be a role model and be prepared to become a committed ambassador of the school. You must have applied for the EMBA program at Said Business School to be considered for the scholarships.
This is one of the best MBA scholarships for women that you may want to consider applying for. Learn more about the scholarship and the application procedure through the link below.
3. Griffith Business School MBA Scholarship for Women
Griffith Business School is the business school of Griffith University and offers one of the best MBA scholarships for women coming to pursue an MBA degree at the school. The scholarship will pay half of your tuition fees paid each trimester enrolled, for a maximum of four years. To keep getting the scholarship, you must maintain a 4.0 GPA on a 7.0 scale.
To get this scholarship, you have to be a woman from Australia either as a citizen, permanent resident, humanitarian visa holder, or a citizen of New Zealand. And, of course, you must have applied for and been accepted into the MBA program at Griffith Business School. The 50% funding is awesome that is why I place it in the top 3 on my list of best MBA scholarships for women.
There are certain documents that are required for the application for the scholarship as well as details that should be included in your personal statement. Learn more about them below and begin your application almost instantly.
4. London Business School MBA Scholarships for Women
London Business School is one of the top business schools in London and in the UK as a whole, in fact, it holds an international recognition among the best business schools in the world. London Business School offers an annual scholarship worth £20,000 up to full fees for women who want to pursue an MBA degree at the school.
The scholarship is set up to encourage candidates with excellent academic performance and to increase the number of women joining the London Business School. The scholarship amount is really good and the application process is simple, this makes it on my 4th list of best MBA scholarships for women.
5. INSEAD Scholarships
INSEAD is one of the best business schools in France and is recognized among the best business and management schools in Europe and in the world. The institution offers a wide range, more than 30, of various scholarship opportunities for men and women from different geographic. Since this post concentrates on just the MBA scholarships for women, there are 10 such offered by INSEAD.
Each of the scholarships has different eligibility criteria and different amounts of funds as well. Like the Groupe Galaries Lafayette Endowed Scholarship that offers $12,000 to women with experience in fashion retail who are committed to serving customers irrespective of social background or race. And there is also the Judith Connelly Delouvrier Endowed Scholarship that offers $15,000 based on merit.
Another awesome MBA scholarship for women by INSEAD is the Piet and Wilna Van Waeyenberge Endowed Scholarship of $15,700 offered to female engineers who successfully apply to the MBA program.
To see the rest of the scholarships, their respective funds, and specific criteria follow the link below.
6. Imperial College Business School Forte Fellowships for Women
Imperial College is a world-class university in the UK with excellence in science, engineering, business, and medicine. Its business school, Imperial College Business School offers 11 scholarship opportunities and one bursary to applicants coming in to pursue a business degree. Both males and females can apply for any of these scholarships as long as applicants meet the eligibility criteria.
The only scholarship set aside specifically for women is the Forte Fellowships for Women. This is one of the best MBA scholarships for women as it covers 50% of your tuition. It is targeted at outstanding female students joining the full-time MBA at the Imperial College Business School.
One of the requirements is to possess a high GMAT score and demonstrate a track record of leadership in your field. There are further requirements and eligibility that you need to pass in order to win this scholarship. Find out more through the link below and begin your application.
7. Dean’s Scholarship for Women and Management – Melbourne Business School
The Dean’s Scholarship for Women and Management is one of the best MBA scholarships for women offered by Melbourne Business School, the business school of the University of Melbourne, Australia. The aim of this scholarship is to attract top women executives to pursue a Senior Executive MBA program at Melbourne Business School.
The value of the scholarship is $50,000 and there is no tough criteria or eligibility requirement in order to apply, just be a woman applying for the Senior Executive MBA and you will automatically be considered for the scholarship. This could be yours, apply below.
8. Tech Women MBA Scholarship – Wittenborg University of Applied Sciences
The Tech Women MBA Scholarship offered by Wittenborg University of Applied Sciences is offering an unlimited scholarship of 5,000 euros each for technical-educated women who want to study an MBA with a concentration in Data Analytics or MBA with a focus on Digital Transformation. The application extends to all nationalities but you have to submit a TOEFL or IELTS score of 90 and 6.5 respectively.
GRE/GMAT and GPA scores are not required but you must possess an outstanding educational background in your bachelor’s degree and a minimum of 3 years of work experience in a tech or science field. You must also submit reference letters and a strong personal application letter with motivation.
9. Women in Leadership Scholarship – The University of Surrey
The University of Surrey is offering the Women in Leadership Scholarship to women who want to pursue an MBA at the University of Surrey. The scholarship is open to women who can show their contribution to business and a drive to support other female candidates in the future. It is available to candidates joining the full-time or Executive MBA program.
The scholarship covers 10-50% of the tuition fee and it is awarded on a rolling basis. It is open to students from all nationalities including the UK but international students whose native language is not English are required to take the IELTS with an overall grade of 6.5.
10. ESMT Berlin Full-time MBA Scholarships
ESMT Berlin is a business school in Germany and offers more than 15 different scholarship opportunities for candidates who want to pursue an MBA degree. These scholarships are open to all candidates except for the 30% Club Scholarship, Women in Business Scholarship, Women in Tech Scholarship, and the Vali Berlin Entrepreneurship Scholarship which are specifically for females.
Females can also apply for the other ones as well as these ones that are set aside for them.
The 30% Club scholarship offers 30% off tuition, the Women in Business Scholarship and the women in Tech Scholarship offers 7,500 euro, and the Vali Berlin Female Founders Scholarship offers 5,000 euro. The requirements and criteria for each of these scholarships are different. Check them out via the link below and begin your application early.
These wrap up the post on the best MBA scholarships for women and I hope they are helpful. You can also find a host of other scholarship-related articles we have published that can be helpful in supporting your MBA education. Like the one on scholarships in Italy for international students and the scholarships in Singapore for international students. Another option to curb the cost of your MBA is by looking for cheap universities and we have a post on the cheapest MBA in Canada that can help you find an affordable MBA program in Canada.
MBA Scholarships for Women – FAQs
[sc_fs_faq html=”true” headline=”h3″ img=”” question=”Which country is best for MBA scholarships?” img_alt=”” css_class=””] France and Singapore are the best countries for MBA scholarships [/sc_fs_faq]
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