Funding Your Business Degree
A business management degree opens many doors but can be expensive. This guide covers scholarship opportunities to help finance your education.
Types of Scholarships
Merit-Based
- Academic achievement
- GMAT/GRE scores
- Leadership experience
- Professional achievements
Need-Based
- Financial aid packages
- Federal grants
- Institutional aid
Diversity Scholarships
- Women in business
- Minority students
- First-generation college students
- International students
Top Business School Scholarships
- Harvard Business School: Need-based fellowship
- Stanford GSB: Merit and need-based
- Wharton: Various named scholarships
- Kellogg: Multiple scholarship programs
External Scholarships
- Forté Foundation (women)
- Consortium for Graduate Study (diversity)
- Prospanica (Hispanic students)
- NBMBAA (African American students)
Application Tips
- Start early – deadlines vary
- Prepare strong essays
- Get compelling recommendations
- Apply to multiple scholarships
- Meet all deadlines
Other Funding Options
- Graduate assistantships
- Employer sponsorship
- Federal student loans
- Private loans
Amounts Available
- Partial: $5,000-30,000
- Half-tuition: $40,000-60,000
- Full-tuition: $80,000-150,000
Conclusion
Significant scholarship funding exists for business degrees. Research early, apply broadly, and present your best case.
