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Scholarships for MBA

Ample of good B-schools in India offer scholarship to deserving MBA aspirants to aid in their higher education.

Top B-schools in India like Indian Institute of Management, Indian school of Business, and etc offer scholarships to match with the foreign schools and get the best of academic students. The things considered are MBA program grading, accreditation and evaluation as done in B-schools of the western countries.

First and foremost thing that is considered in scholarship or grants is ‘merit’. There are limited seats for MBA aspirants and the eligibility criteria is strict. To know whether the B-school you are targeting offers scholarship or not, contact the admission office for the details. As far as scholarship for MBA in India is considered, students may use web-based service to search scholarships that are offered. It may cost some nominal referral fees. It’s an option that can be worked out.

Coming back to scholarships, it can be full or partial. In Full scholarship the students gets paid of complete cost of attendance whereas in partial scholarship only part gets funded.

MBA programs are getting expensive each year, thus students who are academically bright but economically not very sound can fund their higher education through means of scholarships. If we go through the fees structure of MBA Colleges it may start of average fees of 2-3 lakhs and go up to 10 lakhs for a 2-year program in a good B-school.

By funding or grants the deserving and bright students are not devoid of higher education. Many trusts provide scholarships on merit-cum-need basis, discounts for the topper, bursaries and complete fee waiving.

Let us see few B-schools that offer scholarships in India:

  1. Indian Institute of Management, Ahmedabad (IIM-A):

IIM-A offer need based scholarships that are awarded to students who want to pursue PGP and PGP-ABM from the institute. The amount is decided on basis of annual gross family income and other important factors. Other than this IIM-A offers other schemes like:

• IIMA special scholarships

• SC/ST scholarships

• Industry scholarships (need based)

• ONGC SC/ST Merit-cum-Means Scholarships

• GOI Merit-cum-Means Scholarships

• Ocwen Scholarship for Competence in Academics

• OP Jindal Engineering and Management Scholars

• Aditya Birla Group Scholarships

• Other scholarships


  1. Indian Institute of Management, Bengaluru (IIM-B):

The list of scholarships offered by the institute are as follows:

 • OPJEMS Scholarship

 • Aditya Birla Scholarship

 • Uday Nayak Scholarship

 • Rajesh Kaushik Memorial Scholarship

 • T Thomas Scholarship

 • Societe Generale Global Solution Centre India Scholarship

 • Cognizant Technology Solutions – B’izard Scholar

 • Ocwen Financial Solutions Private Limited


  1. Indian Institute of Management, Lucknow (IIM-L)

List of scholarships offered are as follows:

 • Need-Based IIML Scholarships

 • SC/ST Scholarships

 • Bharti Scholarship

 • Merit-cum-Means Scholarships

 • Industry Sponsored Scholarships


  1. Indian School of Business, Hyderabad (ISB)

Indian school of Business (ISB) awards scholarships every year of both need and merit based. It can be in the form of fee remission to the deserving candidates. The amount and type may vary.

Companies that offer external scholarships to students at ISB are as follows:

• Jamboree India-Talent Promotion Award

• Nurture India

• Citigroup

• Novartis

• Manhattan Review scholarships

• ISB@10 Global Scholarship


  1. SRM School of Management

Here is the list of scholarships offered by the B-school

• Merit Scholarship

• Scholarship for physically-challenged/differently-abled

• SRM Founder’s Scholarships

• Merit-Cum-Means Scholarship

• Scholarship for minority community

• Scholarship for Special Merits

These are few well-known B-schools that offer scholarships to students. There are other top B-schools also that provide this facility to MBA aspirants.

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