The majority of business schools are eager to see more women enrolled in their MBA programs, and many of them even provide scholarships to qualified female applicants.
Numerous business schools now grant scholarships for overseas female students from developing nations to better diversify their MBA cohorts and give women from less fortunate backgrounds more opportunities.
With the help of these scholarships, which provide a sizeable contribution to the cost of tuition, women can pursue higher education and work towards being influential in the business sector.
Studying for your MBA overseas has many advantages. You’ll meet more like-minded women globally, broaden your network, learn about global business, and acquire the abilities required for success as a woman in the corporate world.
The best MBA scholarships for female students studying overseas are listed here.
Best MBA Scholarships for Women
1. Central Sector Scheme of National Overseas Scholarship
The Indian government’s Central Sector Scheme of National Overseas Scholarship is available to low-income students who want to study abroad for a Master’s degree and advance their social and economic standing.
In India, there are 125 scholarships available for landless agricultural workers and traditional craftspeople (4), denotified, nomadic, and semi-nomadic tribes (6), and reserved castes (115).
The scholarship pays for up to US $15,400 of the MBA’s expenses. For female candidates, thirty percent of all rewards are set aside.
2. AAUW Career Development Grants
Women pursuing an MBA can apply for scholarships from the American Association of University Women.
Their mission is to enable women to become self-sufficient and achieve leadership positions in the corporate sector.
The AAUW awards may be applied to child care and transportation costs for students, books, and tuition.
The quality of the application, the student’s academic history, and their financial need all play a role in determining the award winners.
Visit www.aauw.org to submit your scholarship application.
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3. Lady Meherbai D. Tata Education Trust Scholarship
Indian women who have graduated from reputable Indian colleges and are pursuing higher study overseas in the US, UK, or Europe are eligible to apply for the Lady Meherbai D.
Tata Study Trust Scholarship, which is awarded based on merit.
4. AAUW International Fellowship Program
Scholarships for women seeking graduate master’s degrees in the US under the AAUW International Fellowship Programme are available to non-citizen women who plan to return home to pursue professional careers.
Candidates from underrepresented groups or poor nations will be given preference when making their application for the award.
5. AG Bell College Scholarship
This organization offers financial assistance to women with hearing disabilities who are enrolled full-time in MBA programs.
By the age of seven, the hearing loss had to be identified, and it had to affect both ears. Any type of business is an acceptable major for the pupils.
The budget determines how much funding is available each year.
Visit www.agbell.org to apply for this scholarship.
6. AICP Scholarships
AICP offers two scholarships to women who live in Virginia or Iowa and are pursuing an MBA in finance or business management.
Iowa residents are eligible for a $500 scholarship, and Virginia residents are eligible for a $1,000 award.
A minimum GPA of 2.75 is necessary for applicants, and they must submit an essay outlining their objectives for a future in actuarial business.
Visit www.aicp.net to learn more about these scholarships.
7. Akhtarali H. Tobaccowala Fellowship
The University of Chicago Booth School of Business offers the Akhtarali H. Tobaccowala Fellowship, which was established in honor of the graduate who went on to become the director of the Indian multinational corporation Tata Group.
Two Indian students will receive the fellowship, which offers US$25,000 in financial help to Booth full-time MBA students.
8. Forté MBA Fellowships
Thirteen thousand Forté Fellows at participating business schools have received $334 million in MBA scholarships from the Forté Foundation over the past twenty years.
Non-citizens of the United States receive around half of the scholarships.
A female candidate must apply to and be accepted into one of the more than fifty esteemed participating schools to be considered.
The scholarship recipients are chosen by the schools. Joining the Forté Fellowship can result in exposure to top firms and great networking possibilities within the fellowship.
In exchange, Forté Fellows are required to participate in organizations that promote the progress of women in business as well as boost the Fellowship’s visibility on campus.
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FAQS
Are MBA scholarships available?
Yes, there are numerous scholarships available to MBA students. Only MBA students are eligible for scholarships from certain programs. Some scholarships are awarded based on academic merit, financial need, and background.
What is the prevalence of scholarships in MBA programs?
Each year, scholarships are awarded to thousands of students, including those pursuing MBAs.
How do I obtain a full scholarship for an MBA?
A full-ride MBA scholarship may be awarded to a student following their academic standing, financial need, personal history, and work experience.
For whom will my MBA be paid?
To assist with the cost of their MBA, students can apply for loans, grants, and scholarships, among other types of financial assistance. Work-study programs and employer help are other avenues for financial aid.
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Conclusion
Earning an MBA involves a great deal of commitment and sacrifice. But the information, abilities, wider network, and professional chances that follow frequently make it a priceless investment.
Recognize that there are more inventive ways to pay for your business degree than just paying for it yourself.
With careful planning and the focused application techniques described here, scholarships designed especially for female students become attainable sources of significant financial assistance.
With fewer financial obstacles in the way, earning an MBA becomes a feasible next step in your professional development.
To reach your maximum leadership potential, remain dedicated and make the most of all available opportunities.
Getting significant financial assistance can seem like your first significant “victory” as a graduate student.