MBA Scholarships

Paying for an MBA is a big financial commitment, but you don’t have to face it alone. Various scholarships and fellowships are available to help cover the cost of an MBA program. The trick is finding the right sources of funding for your specific needs.

This page lists various types of MBA scholarships that can help you save money on a business degree. Remember: application requirements can change from year to year, so be sure to carefully review all details and deadlines before applying.

The Association of Insurance Compliance Professionals awards four MBA scholarships to students who excel academically, participate in extracurricular activities, and show a commitment to the insurance field. Each candidate must be enrolled in an insurance or business-related field and have a minimum 3.0 GPA to qualify.

This scholarship fund benefits undergraduate and graduate students who gain sponsorship from an American Public Transportation Association member organization. Application requirements include a minimum 3.0 GPA and an interest in pursuing a career in business administration or management career in the public transportation industry.

Golden Key Scholarships support full-time and part-time degree-seekers pursuing post-baccalaureate or professional studies. Awardees may use the scholarship at accredited academic institutions worldwide. Applicants must hold Golden Key membership.

The GFOA sponsors five scholarships for full-time and part-time learners who want to pursue finance careers at the state or local government level. Applicants must be U.S. citizens or permanent residents. Past winners cannot apply.

HubShout provides this scholarship to college students pursuing internet marketing degrees. To qualify, a candidate needs at least a 3.0 GPA and one year of college studies. Applications must include two letters of recommendation from “high-gazetted officials” and college transcripts.

The National Society of Daughters of the American Revolution provides this scholarship to full-time graduate students pursuing business administration degrees. Each applicant needs a minimum 3.25 GPA. Past recipients can reapply each year.

The Ritchie-Jennings Memorial Scholarship supports full-time degree-seekers enrolled at accredited colleges. Applicants need to demonstrate an interest in fraud examination or a similar profession. Undergraduates must have a minimum of nine semester credits to apply, while graduate students need at least six credits.

This annual award supports undergraduate and graduate students enrolled at accredited institutions. An applicant must have a minimum 3.0 GPA to qualify. Required application materials also include an essay on promoting personal and community safety related to personal injury law.

This fellowship accepts degree-seekers enrolled in full-time master’s programs. Applicants must study fields related to foreign service with the Department of State, such as business. The fellowship requires summer internships in Washington, D.C., overseas at a U.S. embassy or consulate.

The BEF provides MBA scholarships to students with cystic fibrosis. Qualified applicants must demonstrate leadership potential, strong academics, and financial need. Candidates who complete long-form essays in the application process receive automatic consideration for additional funding.

The Hispanic Scholarship Fund helps college-bound high school students and college students of Hispanic heritage. A high school applicant needs a minimum of a 3.0 GPA, while each college enrollee must have at least a 2.5 GPA. This scholarship accepts applications from U.S. citizens, permanent legal residents, DACA recipients, and eligible non-citizens.

The Kosciuszko Foundation offers various national, regional, and local scholarships to learners of Polish descent. These awards support full-time undergraduate and graduate students, including business and business administration degree-seekers. Each candidate must hold a minimum 3.0 GPA for consideration.

The Lagrant Foundation supports full-time graduate and undergraduate students from underrepresented backgrounds, including Black, Asian American, Native Hawaiian, Pacific Islander, Latino/a, and Indigenous American groups. The fund accepts applications from advertising, marketing, and public relations majors. Each candidate needs a minimum 3.2 GPA.

This merit-based scholarship supports 20 blind and visually impaired high school students. One scholarship is awarded to a graduate student. All applicants must provide proof of legal blindness and U.S. citizenship, as well as documentation of their academic achievement and three letters of recommendation.

The NABA offers national and regional scholarships to Black students. Graduate-level learners must be enrolled full-time in MBA programs and hold current NABA membership.

NBMBAA offers various business scholarships for future Black business professionals through its Collegiate Partnership Program. Application requirements vary by scholarship, but candidates usually need to hold a membership.

Philanthropists and Hungarian immigrants Paul and Daisy Soros launched this fellowship to help immigrants and children of immigrants pursue graduate school. This award assists students under 30 years old who legally reside in the U.S. Candidates from all graduate-level majors can apply, including business administration students.

This fellowship supports LGBTQ students enrolled in participating business schools across the country. Through Reaching Out, selected fellows also receive mentorship and leadership development, including the opportunity to attend a retreat.

The Robert Toigo Foundation provides this leadership program to support first-year students from underrepresented groups. Applicants pursuing MBAs can apply.

The Association of Women in International Trade supports women pursuing careers in international trade and business careers. It distributes merit-based MBA scholarships twice a year to eligible undergraduate and graduate students.

The American Association of University Women offers fellowships for women of color pursuing careers in historically male-dominated industries, including business administration. Applicants must be in their second year of college.

Every year, 40-45 women of Chicana and Latina heritage receive this scholarship. Eligible degree-seekers must have lived for two years in one of 13 Northern California counties. Community college and undergraduate students need GPAs of at least 2.0 to apply, and graduate students’ GPAs must be 3.0. The CLF Leadership Institute requires that each recipient completes 10 hours of volunteer work.

The Forte MBA Fellowships support women pursuing full-time MBA degrees atparticipating schools. Schools nominate fellows who exhibit exemplary leadership skills and demonstrate a commitment to community involvement and mentorship.

Zonta International’s scholarships support women pursuing undergraduate and graduate degrees in business management. Each applicant must apply directly to their district or regional Zonta club. Second-year undergraduates and second-year graduate students can apply.

The Women Grocers of America administers the Mary Macey Scholarship to support women pursuing careers in the independent grocery industry. Graduate students and undergraduates majoring in business can apply with GPAs of at least 2.5.

This memorial fund provides scholarships to women enrolled in business programs. Scholarships are awarded to graduate and undergraduate students. Applicants must show proof of community service, financial need, and academic achievement.

To foster global peace, this fund provides scholarships to female international learners studying at Cottey College. Eligible candidates must provide evidence of their ability to pay for college, even though this is a need-based scholarship. Each applicant should have at least one year of studies remaining.

Funds from this scholarship may be used for any educational expense, including tuition, books, and student loan debt. The provider delivers this award to a random recipient every quarter.

This program supports female survivors of intimate partner abuse who have been separated from their abuser for a minimum of one year and a maximum of 10 years. Applicants must be U.S. citizens or legal immigrants who demonstrate financial need. Award amounts vary depending on a student’s credit load.

The American Veterans provides MBA scholarships and grants to military veterans and active-duty personnel. Scholarships also benefit the children and grandchildren of active-duty personnel and veterans. Undergraduates with minimum GPAs of 3.0 can apply.

The FRA Education Foundation offers scholarships for the Navy, Marine Corps, and Coast Guard service members and their families. Awardees receive funds based on their grades, financial need, and leadership skills. Some scholarships require FRA Association membership.

Sponsored by the Blinded Veterans Association, this merit-based scholarship helps children, grandchildren, and spouses of blind or visually impaired active duty service members and veterans. Past recipients may reapply each year.

The Student Veterans of America and RTX offer two scholarships to degree-seekers who demonstrate strong leadership skills and a commitment to their majors. U.S. Army veterans who attend accredited colleges full time can apply. Required application materials also include a 1-2 minute video and college transcripts.

Sports Clips Haircuts and the Veterans of Foreign Wars provide scholarships to retired, honorably discharged, active duty, and National Guard and Reserve members. Each applicant must hold a military rank of E-5 or below.

The Tillman Scholars Program provides scholarships to active-duty military, veterans, and military spouses who study full-time at accredited academic institutions. Individuals pursuing undergraduate, graduate, or professional studies can apply. The fund has no GPA requirements.

Military personnel, veterans of the Marines or Reserve members, and their families can apply for scholarships offered by the WMA. Students who have participated in a Marine Corps JROTC or Young Marines program can also qualify. Grants may be used at any accredited college.

The 506th Association awards scholarships to infantry veterans and their families, including parents, grandparents, spouses, and siblings. Awards are distributed based on academics, financial need, and the quality of the academic institution.