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Scholarship for MBA in India

Aspiring MBA students might think that getting admission in reputed B-school and gaining degree is impossible for those with low finances. Agreed that MBA is an expensive degree program but funding MBA in India is easy through modes of scholarships, education loans, etc. To gain scholarship from a good B-school students have to secure good percentage of marks. So students with weak financial conditions but intelligent enough, find scholarships offered by MBA colleges a gift. By such help they can make their dream come true.

According to a worldwide survey, MBA is the most preferred PG course. The data was collected from different cities, zones, gender and age of people. Students as well as working professionals rated MBA best career oriented degree course.

Here is the list of top B-schools that provide scholarship for MBA in India:

1. Indian Institute of Management (IIM), Ahmedabad

The scholarship scheme by IIM-A is to support economically weak students of PGP-ABM and PGP. However the scholarship amount is decided on grounds of number of dependants, annual gross family income, and asset ownership of the parents and so on. Students can apply for scholarships in the month of July.

2. Indian Institute of Management (IIM), Calcutta

MBA students with annual gross income of Rs.4 lakh or below are entitled to get scholarship from IIMC. Partial or full tuition fees can be waived off. 1st and 2nd year students can take advantage of this scholarship scheme.

3. Indian Institute of Management (IIM), Bangalore

IIM-B offers 4 types of scholarships for funding MBA in their B-school:

T Thomas Scholarship

This scholarship is given by Hindustan Unilever Limited to one PGP student of 2nd year. The scholarship amount is of Rs. 1 lakh, and the selection of the student is based on the overall performance in co-curricular and extracurricular activities in the college premises.

Aditya Birla Scholarship

It is merit based scholarship of Rs.1.75 lakh which is given to both 1st year and 2nd year students of PGP course.

Uday Nayak Scholarship

It is also a merit based scholarship given to 2nd year student. The amount given is Rs. 10,000.

OPJEMS Scholarship

O P Jindal group awards this scholarship is to one student of each academic year. The amount of this merit based scholarship is Rs. 1.25 lakh.

4. Xavier Institute of Management, Bhubaneswar

XIMB awards Bharti foundation scholarship to PGDM students of each year that involves tuition fees and expenses of courses up to Rs, 50,000 per year. It is a merit- cum-need based scholarship. Various criteria like academic performance, leadership skills, financial need, etc are taken into consideration.

5. Faculty of Management Studies

Scholarships available are:

GE Scholarship

2nd year MBA students studying full-time get scholarship worth Rs. 100,000 per annum on the basis of the first year results.

Sanwa Bank Foundation Scholarship 

They award 10 scholarships, 5 each to the students of first and second year. Amount is equal to value of US $500 in Indian rupees.

Nestle India Scholarship 

Two scholarship is given each year one student from first and second year pursuing MBA full-time of the amount Rs. 100,000/- and Rs. 75000/- per annum.

There are many more reputed Colleges that offer scholarship to intelligent students who are economically weak. These are just an example of few well-known B-schools in India.

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One response to “Is it possible to get Scholarship for MBA in India?”

  1. MBA on EMI says:

    […] admission can be taken in top B-schools of India or abroad. Which College and geographical location to choose is a matter of personal choice and […]

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