MBA Scholarships for Engineers: A Complete Guide

Pursuing an MBA is an excellent approach for engineers to progress in their jobs, move into management positions, or even launch their own companies. However because an MBA program can be expensive, scholarships are a crucial source of funding for the study. This guide will assist you in understanding the many MBA scholarships for engineers, their qualifying requirements, and the application process if you’re an engineer wishing to study an MBA.

MBA Scholarships for Engineers Overview

List of Top MBA Scholarships

IDFC FIRST Bank MBA Scholarship: Students who meet the eligibility requirements and are enrolled in their first year of a full-time MBA program are eligible to receive this grant. The goal of the IDFC First Bank MBA scholarship is to assist students in paying for their management degree tuition.

Eligibility

• The only recipients of the scholarship shall be Indian nationals living in India. 
• Students enrolled in the first year of an MBA program (or its equivalent) are eligible to apply.
• All sources combined, the applicant’s family’s gross yearly income must be less than or equivalent to ₹6 lakhs annually.

ONGC Scholarship: Meritorious General category students enrolled in their first year of an MBA, engineering, MBBS, or master’s degree in geology are eligible to apply for an ONGC scholarship.

Eligibility

• A class 12 CGPA of at least 60% or its equivalent is required for graduation. 
• He or she must be enrolled in the first year of a Master of Geology, MBA, Engineering, or MBBS degree.
• Pupils must fall under the General group.

BML Munjal University MBA Scholarship: Hero Group’s project, BML Munjal University, is offering the scholarship. Depending on their CAT/XAT or GMAT results, MBA candidates can receive a 100% tuition cost waiver through the BML Munjal University MBA Scholarship.

Eligibility

All candidates are welcome to apply for the BML Munjal University MBA program.

Merit Cum Means Scholarship for Professional and Technical Courses CS (Minorities): This grant is provided by the Ministry of Minority Affairs to minority students enrolled in undergraduate or graduate professional and technical programs. The goal of the Merit Cum Scholarship for Professional and Technical Courses is to give financially disadvantaged and deserving students support.

Eligibility 

• A candidate must be enrolled in an undergraduate or graduate technical or professional program and have received at least 50% of the possible points in their most recent final test.
• The applicant’s total annual family income should not exceed ₹2.50 lakh.

National Scholarship for Post Graduate Studies: The University Grants Commission, Government of India, offers the National Scholarship for Post Graduate Studies to students enrolled in their first year of postgraduate study.

Eligibility

• Candidates must be accepted into a recognized Indian university, college, or other institution during the first year of the postgraduate degree program.
• In the first semester or year of a postgraduate program, candidates must be under 30 years old on the admission date.

Mirae Asset Foundation Scholarship Program: An initiative of the Mirae Asset Foundation, the Mirae Asset Foundation Scholarship Program seeks to offer financial aid to deserving students from disadvantaged backgrounds throughout India. Students who are currently enrolled in undergraduate or graduate programs around the nation will receive this grant.

Eligibility

• available to students enrolled in undergraduate or graduate programs in India at this time.
• Students must have completed the preceding academic year with a minimum score of 60%.
• The candidates’ total annual family income should not exceed INR 8,00,000 from all sources.

Ujjivan Small Finance Bank Transgender Scholarship: Ujjivan Small Finance Bank Limited launched the Ujjivan Small Finance Bank Transgender Scholarship to give money to worthy transgender students all around India.

Eligibility

• The applicants must have a family income of at least INR 10,000 per year from all sources.
• Transgender students enrolled in Classes 9–12 or pursuing graduation or postgraduation at any public or private open school or university are welcome to apply.
• In the preceding academic year, students had to have received at least 50% of the possible points.

OP Jindal Engineer & Management Scholarships: The O.P. Jindal Group of Companies offers exceptional students with leadership skills the chance to become leaders in innovation and entrepreneurial excellence through the OP Jindal Engineer & Management Scholarships.

Eligibility

• Available to the top three students in each of the following engineering specialties: mechanical, electrical, metallurgical, or civil engineering
• Students must rank in the top 10 in each management year.

Nirankari Rajmata Scholarship Scheme: The Sant Nirankari Charitable Foundation provides the Nirankari Rajmata Scholarship Scheme to undergraduate and graduate students studying technical or professional programs.

Eligibility

• Students must have passed the Class 12 test with at least 90% of the possible points.
• Candidates must be enrolled regularly at a university or institution recognized by the federal or state governments.
• Through a competitive written exam, students have been admitted to an institution or university.

Post Graduate Scholarship for Professional Courses for SC/ST: The UGC, Ministry of HRD scholarship is available to SC/ST students who are enrolled in postgraduate professional degrees. The goal of the SC/ST Post Graduate Scholarship for Professional Courses is to give postgraduate students who fall into this group financial aid.

Eligibility

• A candidate must be a member of the SC/ST group.
• Students must be enrolled in the first year of a postgraduate professional course. 

Conclusion

MBA Scholarships for Engineers are a great way to lessen the cost of a college education. Aspiring MBA students can choose the best funding choice from a variety of scholarships offered based on merit, need, and minority status. Eligibility research, timely application, and well-crafted applications will increase your chances of receiving funding for your MBA.

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