MBA Scholarships for Indian Students: Higher Education

An MBA Scholarships for Indian Students offers enormous opportunities for advancement, leadership, and global exposure, and if you pursue one, your job can change dramatically. While MBA programs may cost a fortune, especially if they belong to esteemed universities, they justify their costs. However, there are many MBA scholarships available for students in India about which its always safe to educate ourselves, so as to reduce financial burden and reach higher education. In this article, we will discuss MBA Scholarships for Indian Students and the application process.

Types of MBA Scholarships for Indian Students

Diversity scholarships: International students pay the same tuition as domestic students, and B-schools overseas offer a variety of scholarships to encourage diversity in their student groups. In this manner, an increasing number of overseas students might be drawn in.

Need-based scholarships: This scholarship, which is given out based on proven need, is intended for students who are struggling financially. To grant need-based scholarships, the majority of universities either demand a separate application or ask you to specify it on your application.

Merit-based scholarships: Academic records, GPA, test scores, extracurricular activities, community service, and other professional and academic accomplishments are taken into consideration when awarding this kind of grant to students. Universities may automatically consider applicants for merit scholarships without requiring a separate application.

External scholarships: In addition to universities, Indian students can also receive MBA scholarships to study overseas from private institutions, the government, and occasionally even well-known companies. A separate application must be filed before the deadline for all foreign scholarships. To get the most consideration for these scholarships, you must apply as soon as possible.

Cost of Studying MBA Abroad for Indian Students

Top MBA Scholarships for Indian Students to Study MBA Abroad 

1. National Overseas Scholarship: Indian students who choose to study overseas can get up to INR 12,87,000 (US$15,400) through the Ministry of Social Justice and Empowerment’s National Overseas Scholarship. The purpose of this award is to support students from underprivileged backgrounds.

• Eligibility criteria:

• The student must be under thirty-five years old.
• Only two kids from the same household are eligible to apply.
• The student’s undergraduate degree must have a minimum of 60%.
• The family income of the student should not exceed INR 9,02,000 (US$10,800) each year.

2. Fulbright-Nehru Master’s Fellowships: For Indian students wishing to study in the United States, the Fulbright-Nehru Master’s Fellowships are provided by the United States-India Educational Foundation. These fellowships cover tuition, living expenses, and other associated fees. Additionally, it supports round-trip economy flights, health insurance, and J-1 visa applications.

• Eligibility criteria:

• After studying, resolved to return to India and give back to the community.
• A minimum of three years of professional work experience is required of the student.
• The student should have at least 55% of the points required for a U.S. bachelor’s degree.

3. GREAT Scholarships India: The GREAT Scholarships, which are supported by the British Council and the UK government’s GREAT Britain Campaign, give Indian students pursuing graduate courses in the UK at least INR 11,42,000 (US$13,600).

• Eligibility criteria:

• The proposed topic matter must interest the student.
• The student must hold an undergraduate degree and be an Indian citizen.
• The student must fulfill the UK university’s English language requirements.

4. GyanDhan Scholarship: One Indian student receives INR 1,11,920 (US$1,300) annually through the GyanDhan Scholarship to fund a two-year postgraduate program in the US, UK, Canada, Australia, New Zealand, or Germany.

• Eligibility criteria:

• With an undergraduate degree from an Indian university, the student must be a resident of India.
• Strong academic standing and high GRE, TOEFL, and IELTS scores are required of the student.
• The student should have excellent recommendation letters and/or a strong statement of purpose.

5. Stanford Reliance Dhirubhai Fellowships for Indian Students: Five Indian nationals are given financial aid of INR 7,79,91,500 (US$95,000) per year by Stanford GSB. Tuition, living expenses, and health insurance can all be covered by this grant.

• Eligibility criteria:

• The candidate for the Stanford MBA program must be an Indian national. Throughout the application and admissions process, they must have legitimate documentation of their Indian citizenship and have a sincere desire to continue their education in the US.
• According to Stanford’s admissions policies, the candidate must demonstrate English language competency on standardized examinations like the TOEFL or IELTS and achieve the minimum GMAT score needed to be admitted to the MBA program.

6. Orange Tulip Scholarship: Students from Neso nations, such as India, can study in the Netherlands with the help of this scholarship. The university and program determine the scholarship amount and requirements.

• Eligibility criteria:

• The candidate must meet the program’s unique residency and nationality requirements by being a resident of India and a citizen of a Neso nation. India and other countries that are part of the Netherlands Education Support Office network are considered Neso countries.
• The candidate cannot have any prior work experience or an undergraduate degree from the Netherlands. This requirement is in place to guarantee that the scholarship is awarded to students who have not yet been exposed to the nation’s academic or professional landscape.

7. SP Jain School of Global Management Postgraduate Merit Scholarship: Financial aid for this award ranges from INR 4,19,660 (US$5,000) to INR 8,39,330 (US$10,000), depending on academic standing, extracurricular activity accomplishments, and social service.

• Eligibility criteria:

• At least 75% of the undergraduate degree should be earned by the student.
• The student should score in the 95th percentile or above on the CAT/SPJET and 720 or higher on the GMAT.

8. Rotary Foundation Global Study Grants (Global): For students who want to study overseas, the Rotary Foundation Global Study Grants promote international mobility. These scholarships, which start at INR 25,14,000 (US$30,000), cover all of the costs associated with education and travel, like as tuition, housing, language classes, and supplies. It seeks to promote international education and provide students with the tools they need to contribute significantly to the world.

• Eligibility criteria:

• Students from all over the world who wish to study abroad should be able to enroll.
• The student needs to show that they are dedicated to Rotary’s core values, which include community development, education, and peace.

9. Swedish Institute Study Scholarships: Indian students can apply for financial aid through the Swedish Institute Study Scholarships, which are available to 550 international students who want to study for a master’s degree in Sweden. Tuition, living expenses, travel expenses, and insurance are all covered by the scholarship.

• Eligibility criteria:

• This grant is available to Indian undergraduate students.
• For a Master’s program, the student needs a legitimate offer letter from a Swedish university.

10. The Gates Millennium Scholarship: The Gates Millennium Scholarship, which is supported by The Gates Foundation, offers 1,000 students full financial assistance each year. This esteemed fellowship, which covers tuition, living expenses, and other associated fees for students seeking higher education in the United States, aims to support exceptional individuals from underrepresented groups.

• Eligibility criteria:

• The student must belong to a minority group that is underrepresented in American higher education to be eligible for this grant.
• They ought to be capable leaders with a solid academic background.

Conclusion

Indian students can pursue higher education overseas without financial constraints because of MBA Scholarships for Indian Students. Students can drastically lower the cost of an MBA by looking into options including merit-based, need-based, diversity, and external scholarships. Indian students have the opportunity to receive top-notch education and improve their career chances worldwide through a variety of scholarships provided by universities, governments, and organizations.

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