Top 15 Scholarship in USA for MBA

Studying and Completing a scholarship in USA for MBA degree could be a dream come true for so many people because you will have a lot on your plate immediately after graduation. I’m talking about a nice salary at an average of $137,890, an amazing signing bonus at an average of $30,000, and as time progresses, you’ll earn more and more.

MBA degrees come with lots of demand from different companies including well-established companies like Amazon, McKinsey & Company, Google, Microsoft, Bain, Deloitte, PwC, and Dell. Because they are looking for those graduates that can comfortably lead organizations no matter the condition.

And, that’s what MBA programs teach you, you’ll be trained to be an excellent business leader through good and bad times when the market is favorable or howling.

The downside of it is, that most MBA degrees in the USA are expensive, I mean, you’ll see fees of more than $100,000 per year, which means you must have worked so well in a good company, and have saved enough money if you want to outrightly pay from your pocket. Else, a scholarship in the USA for MBA could be your best option, because you can get scholarships that can pay for all your tuition fees and even other expenses.

Furthermore, another overwhelming issue here might be, “how do I leave my work to go and get this MBA degree I desperately need? You don’t need to worry, you can focus on online MBA schools that still offer scholarships.

In addition, you don’t need to submit any extra application to be considered for merit-based Scholarships, your admission application covers it all. But, you need to submit an application for any need-based scholarship or external scholarships. 

Now let’s show you some of the MBA scholarships in the USA for both domestic and international students.

scholarship in USA for MBA

Scholarship in USA for MBA

1. NYU Stern MBA Scholarships

Average tuition: $78,700

Scholarship Type: fully-funded, partial funding, and other kinds. 

Salary After Completing: $150,000

Median Signing Bonus: $30,000

NYU offers a Merit-based scholarship in USA for MBA to 20-25% of admitted full-time 2-year students. And, not just that, they also offer both full and half tuition funding, whether you’re an international or U.S citizen.

You don’t need to submit any extra application, your admission application takes care of it, once you’re admitted, the scholarships you were awarded will come along with your admission letter.

Their Merit-based scholarships include:

  • Dean’s Scholarship: This scholarship is fully-funded, at the same time, it is awarded to only a few students that have shown a high level of academic, and/or professional prowess.
  • Named Faculty Scholarship: This scholarship is also a fully-funded scholarship awarded to a few students, it can be as few as 17 students per year.
  • Consortium Fellowship: This is another fully-funded scholarship awarded mostly to United States citizens and permanent residents.

And many more MBA merit scholarships in the USA. They also offer lots of external scholarships, to all applicants.

Apply Here!

2. Michigan Ross MBA Scholarships

Average tuition fee: $67,114

Scholarship Type: $10,000 to fully-funded

Salary After Completing: $135,000

Median Signing Bonus: $32,500

Immediately you apply for the Michigan Ross MBA program, you’re automatically eligible for their over 200 Merit-based scholarships. And if you qualify for any scholarship, you’ll be notified together with your admission, which means you don’t need to submit an extra scholarship application.

There are also other MBAs in Michigan you can acquire online

This merit-based scholarship in USA for MBA is majorly focused on your academic prowess, your professional and personal achievements, and the chances of your contribution to the Michigan community. You’re awarded Merit-based scholarships from $10,000 to full tuition, and any applicant can be awarded this Scholarship whether you’re a United States citizen or an international student.

They also offer some scholarships to their current students.

Apply Here!

3. Stanford Graduate School of Business scholarship

Average tuition fee: $76,950

Scholarship Type: Up to $42,000 per year

Salary After Graduation: $158K

Median Signing Bonus: $30,000

The Best Business School in the United States and the World, Stanford, offers varieties of need-based scholarships to both its international and domestic students. Their need-based scholarship is up to $42,000 per year, and you can even up your game in your second year and be awarded another $42,000.

They also offer other scholarships like;

  • Stanford GSB BOLD Fellows Fund
  • Stanford Knight-Hennessy Scholars Program
  • Career Support
  • External Scholarships
  • Employer Sponsorship

And many more.

Apply Here!

4. The Fuqua School of Business

Average tuition fee: $71,750

Scholarship Type: Partial to Full Tuition

Average Salary After Graduation: $137,725

Average Median Signing Bonus: $30,000

% Job Offers With 3 Months: 96%

Fuqua only awards Merit-based MBA scholarships in the U.S. and it ranges from partial to full-tuition. However, there is no funding for new awards in your second year, so you need to find other means like loans to fund your academics, in the second year.

For you to be awarded their Merit-based scholarship, you have to have previous academic achievement, have shown some leadership qualities in the past, and are involved in the growth and development of the community. You have some accolades in your profession, or you are extraordinary in extracurricular activities.

Apply Now!

5. The Wharton School

Average tuition fee: $84,874

Scholarship Type: Military Benefits and Others

Salary After Graduation: $155k

Median Signing Bonus: $40,000

Wharton offers a scholarship in USA for MBA to veterans, they award all students who are 100% eligible for the Yellow Ribbon Program. In this Yellow Ribbon Program, all application fee is waived for students actively serving in the military, and those eligible can receive scholarships up to $20,000.

They also offer other forms of scholarships to their non-military students, such as;

  • Joseph Wharton Fellowships
  • Howard E. Mitchell Fellowships
  • Forte Fellowships
  • ROMBA LGBT+ Fellowship
  • Friends of Israel MBA Fellowship

And many more.

Apply Here!

6. Questrom MBA Scholarship

Average tuition fee: $61,050

Scholarship Type: Partial to Full Tuition

Average Salary After Graduation: $119,497

Average Median Signing Bonus: $23,500

% Job Offers With 3 Months: 94%

Questrom offers varieties of merit-based scholarships and private scholarships. You don’t need a separate application for their Merit-based scholarship, you are eligible for consideration once you’re admitted to the school.

Questrom is one of the schools that offer lots of MB scholarships in the USA, that’s why in 2021 84% of their admitted students received a scholarship, and the average award exceeded half the tuition. They have Merit-based scholarships like;

  • Dean’s Scholarship: Available for all students regardless of nationality, and it is awarded to students that have demonstrated excellence in academics, professions, and/or other areas. It is worth $10,000 for full-tuition.
  • Social Impact Scholarship: This is also worth $10,000 to full-tuition
  • City Year Scholarship: Worth a minimum of $15,000 and can be renewed in your second year.
  • MBA+ MSDT Summer Scholarship: Worth between $5,000 to $10,000

And many more merit-based scholarships. They also have many other private scholarships that you need to show interest in before you are considered.

Apply Now!

7. Harvard Business School Scholarship

Average tuition fee: $73,440

Scholarship Type: Up to $40,000 need-based scholarship and others

Average Salary After Graduation: $150,000

Average Median Signing Bonus: $30,000

% Job Offers With 3 Months: 96%

Harvard is one of the schools that don’t offer Merit-based scholarships in USA for MBA, all their scholarships are based on need. So, you have to show interest in their scholarships, which means you have to submit a scholarship application before you’ll be considered, unlike most merit-based scholarships.

Furthermore, in this need-based fund, you’re privileged to be awarded a scholarship of up to $40,000 per year. You can still enroll for additional scholarships or fundings, like their complementary fellowship and external scholarships.

Apply Now!

8. Columbia MBA Scholarship

Average tuition fee: $80,472

Scholarship Type: Partial Tuition

Average Salary After Graduation: $150,000

Average Median Signing Bonus: $25,000

% Job of Offers With 3 Months: 90%

Columbia Business School offers diverse scholarships to both U.S citizens and international students. Most, of their scholarships, are need-based, and there are some merit-based scholarships too.

For you to be considered for their scholarships, you have to be admitted first to their Business School, then their scholarship requirements will be sent to you. They award scholarships from $7,000 to $30,000, or it can even be high in some situations. You can also apply for external scholarships.

Apply Now!

9. Yale School of Management Scholarships

Average tuition fee: $79,000

Scholarship Type: Partial and Full tuition

Average Salary After Graduation: $140,400

Average Median Signing Bonus: $30,000

% Job Offers With 3 Months: 96%

Just like every other merit-based scholarship in USA for MBA, you don’t need any extra application to be considered eligible, once you’re admitted you’ll be enrolled in any scholarship you deserve. There are also other external scholarships or scholarships provided by employers, industries, and foundations, and so many of them through Yale School of Management.

Some merit-based scholarships are fully-funded such as the Consortium for Graduate Study in Management Fellowship, and Laura Cha (Shi Mei Lun) Scholarship – for Chinese Students. National Society of Hispanic MBAs UPP Scholarship – for Hispanics, and many more.

Apply Here!

10. UCLA Anderson School of Management Scholarships

Average tuition fee: $61,704 

Average Salary After Graduation: $135,273

Average Median Signing Bonus: $29,877

% Job Offers With 3 Months: 93%

As you apply for admission to UCLA you’re also considered for all Merit-based scholarships and donor fellowships. Also, in your second year in the MBA program, you can apply to become a graduate teaching assistant, or a research assistant, where part of your tuition is taken care of.

There are also lots of external scholarships, Consortium Fellowships, Forté Fellowships, and Romba Fellowships that you can also enroll in.

Apply Now!

11. Haas School of Business Scholarship

Average tuition fee: $65,360 (resident), $71,817 (non-resident) 

Average Salary After Graduation: $144,000

Average Median Signing Bonus: $41,427

% Job Offers With 3 Months: 89.9%

Haas is one of the schools that provide merit-based and need-based scholarship in USA for MBA, to all applicants, that is, both their domestic and international students. There is also no need for extra scholarship applications for merit-based awards, you’ll be considered upon application.

They have the Berkeley MBA Grant and Jimenez Family Fellowship for students that have financial needs. Whereas the Berkeley Haas Scholarships, Galloway MBA Fellowship, Torres Family Fellowship, and many more are available for meritorious students. They also have other Center and Institute fellowships.

Apply Now!

12. Cornell SC Johnson College of Business Scholarships

Average tuition fee: $76,690 

Scholarship Type: Partial

Salary After Graduation: $153,056

Median Signing Bonus: $23,868

Cornell University is one of the schools that offer MBA scholarships in the United States for both international and domestic students. Their private scholarships are primarily based on your academic performance, religious affiliation, ethnicity, hobbies, and special talents.

Whereas they have so many other external scholarships that can be beneficial to anyone. It is better to start with external scholarships and to start your scholarship application ASAP.

Apply Here!

13. The University of Chicago Booth MBA Scholarship

Average tuition fee: $77,841

Scholarship Type: Partial

Average Salary After Graduation: $167,000

Average Median Signing Bonus: $35,000

The University of Chicago is one of the schools that offer an enormous Merit-based scholarship in the United States for MBA. In this their merit-based scholarships, you don’t have to submit another scholarship application, your admission application is enough, then they will enroll you in any scholarship you’re eligible for.

And, any scholarship you’re awarded, you’ll be communicated during your admission.

They also offer other awards and scholarships such as:

  • The military Award
  • Regional Award
  • External Awards
  • Awards for Second Year.

Apply Now!

14. Kellogg School of Management Scholarships

Average tuition fee: $78,276

Scholarship Type: Partial

Average Salary After Graduation: $165,000 

Average Median Signing Bonus: $30,000

% Job Offers With 3 Months: 95%

Kellogg is one of the MBA schools that offer varieties of scholarships in the USA. They have merit-based scholarships and financial need Scholarships. 

Their Merit-based scholarships are numerous, and all admitted students are considered for this kind of scholarship without any extra application. However, only U.S citizens and permanent residents are considered for need-based scholarships.

62% of Kellogg students are awarded some form of financial aid whether loans or scholarships.

Apply Now!

15. Texas McCombs MBA Scholarships

Average tuition fee: $52,550 (resident), $58,720 (Non-resident)

Scholarship Type: Partial to Full-tuition

Average Salary After Graduation: $128,586

Average Median Signing Bonus: $31,698

% Job Offers With 3 Months: 88%

Texas McCombs offers lots of scholarships to their U.S. citizens and permanent residents, and for international students. Their Scholarships range from $2,000 to full-tuition, they also have other external scholarships which include;

  • Fastweb
  • Salle Mae Graduate School Scholarship Search
  • Juno – MBA Scholarships.

Apply Now!

Conclusion

You have seen so many scholarship options to choose from for your MBA in the USA, now it’s left for you to select which best meets your needs. 

Now, tell me which scholarship you would like to go for, first. Is it the NYU Stern MBA Scholarships that offer fully-funded scholarships, or the Stanford Graduate School of Business scholarship, which is the best business school in the world and offers up to $42,000 awards? Either way, let me know in the comment box.

Scholarship in USA for MBA – FAQs

Are there Scholarships for MBA in the USA?

Yes, there are lots of Scholarships for MBA in the United States, and almost all (if not all) Business Schools in the U.S. offer scholarships or other forms of financial aid to their students. In this article, you'll find schools that offer both fully-funded scholarships and those that provide partial funding.

How can I get a scholarship for MBA in the USA?

You don't need to apply to get most merit-based scholarships, you're considered eligible when admitted to the school. But you need to apply for need-based scholarships or any of the external scholarships.

Can I do MBA in the USA for free?

No, you can't, except through scholarships, where you can get some that can cater to your full tuition.

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Content Creator at Study Abroad Nations | See My Other Articles

Daniel is a content creator with over 2 years of experience researching and creating content to help students who want to study abroad and those looking to take an online course for personal improvement, skill acquisition or a degree. Dan joined SAN in 2021 as a research-based content creator.

He loves meeting new people and developing new relationships.

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