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Partially or Fully Funded MBA Scholarships to Apply for in the United States

Partially or Fully Funded MBA Scholarships to Apply for in the United States

Despite being a worthwhile investment in your future, getting a Master of Business Administration (MBA) can be an expensive endeavor. In fact, Experian reports that a two-year MBA program usually ranges between $55,727 to $161,810. However, if you aren’t interested in applying to the country’s top business schools, you can find programs for as low as $15,000.

No matter how much you currently have in savings, financial aid can significantly help students pay off the increasing fees of post-secondary education. One such form of financial aid is scholarships. Depending on the amount, these awards can help partially or fully fund a student’s education. In order to find the best scholarships for your pursuit of an MBA, make sure to start an online search today.

If you need help getting started, here are some partially or fully funded MBA scholarships that may be worth checking out.

NYU Stern School of Business – William R. Berkley Scholarship

If you’re looking for an MBA program with some good scholarships, look no further than the NYU Stern School of Business. All applicants are considered for their scholarships, no matter if they’re international or domestic. Plus, close to a quarter — about 20 to 25 percent to be exact — receive one of the school’s merit-based scholarships.

One of the scholarships on offer from NYU Stern is the William R. Berkley Scholarship. Established in 2013, this scholarship provides support to anybody enrolling in the full-time MBA, Fashion and Luxury MBA, or Andre Koo Tech MBA program at NYU Stern. Upon receiving the scholarship, students will be awarded $10,000 and be eligible for other awards, some of which will cover tuition and fees for the year of enrollment.

To be eligible for the William R. Berkley Scholarship, applicants must:

  • Be in their final year of undergrad at NYU College of Arts and Science, Tandon School of Engineering, Global Liberal Studies or Stern School of Business.
  • Have a GPA of 3.50 or above.
  • Be in good standing with the school, and.
  • Have submitted their application before the deadline.

Harvard Business School – MBA Scholarships

Unlike NYU, all the scholarships that Harvard offers are need-based. Tallo defines need-based scholarships as “financial aid given to students on the basis of financial need.” While some schools may require some evidence of academic achievement, qualification for these scholarships is usually determined by family income.

For Harvard, admissions determine the distribution of scholarships based on three main factors:

  1. Applicant’s gross income from the prior three years.
  2. The assets that the applicant currently has access to.
  3. Applicant’s socioeconomic background.

If the applicant is approved for the scholarship, it will be a part of their financial aid package. Scholarships offered by Harvard usually average $40,000 per year of study.

Adelphi University Graduate Scholarships

Adelphi University, located in Garden City, New York, offers a range of scholarships to assist graduate students, including those pursuing MBAs. These scholarships are automatically considered for all accepted students and can be renewed based on academic performance criteria.

For MBA students at Adelphi University, the following scholarships are available:

  • Graduate Recognition Scholarship: This scholarship is available to new graduate students with an undergraduate GPA of 3.2 or higher. Recipients receive $1,000 per semester for part-time enrollment (six to eight credits) or $2,500 per semester for full-time enrollment (nine or more credits).
  • Graduate Merit Scholarship: Open to all new graduate students, this scholarship provides an undisclosed monetary award throughout the student’s tenure at Adelphi University. The award amount depends on the student’s enrollment status.
  • Graduate International Recognition Scholarship: Designed for international students enrolled in full-time study with an undergraduate GPA of 3.2 or above. Recipients receive $1,000 per semester.
  • Alumni Award for Graduate Study: Available to graduate and doctoral students who have previously earned a degree at Adelphi University. Part-time students receive $1,000 per semester, while full-time students receive $2,500 per semester.

Goldman Sachs MBA Fellowship

Goldman Sachs, a global financial institution, offers an MBA fellowship program for first-year MBA students who pursue a Summer Associate internship at the company. Students accepted into this program receive an additional $35,000 on top of their Summer Associate salary. Furthermore, Goldman Sachs awards an extra $40,000, along with any signing bonuses, to students who successfully complete the summer internship and accept a full-time position upon graduation.

Forté MBA Fellowship

The Forté MBA fellowships are aimed at helping women of all nationalities and gender identities excel in the business world. These fellowships are highly competitive and prestigious, and although the specific award amounts are not disclosed, Forté and its partner business schools have collectively awarded over $334 million to more than 13,000 students.

To qualify for this program, students must apply for the MBA program at one of the 55+ participating schools. Each school selects Forté Fellows based on their academic achievements, leadership abilities, and commitment to Forté’s mission.

In addition to financial support, Forté fellowships offer several additional benefits, including:

  • Invitation to exclusive conferences organized by Forté, such as the MBA Women’s Leadership and MBA Financial Services FAST Track conferences.
  • Access to job openings and leadership programs offered by Forté partners.
  • Membership in online networks for current and former Forté Fellows through Forté, Facebook, and LinkedIn.
  • Access to Forté’s live webinars and on-demand recordings.
  • Inclusion in the Forté Fellows resume book.
  • Mentoring opportunities with Forté representatives.

Forté simply asks that Fellows collaborate with their school to promote Forté’s mission and engage in Forté programs and initiatives.

Conduct an Online Search for Your Ideal MBA Program

While being aware of available scholarships is crucial, deciding on the MBA program to pursue may hold even greater significance. The scholarships accessible to you can vary depending on the specific program you choose to apply for.

In light of this, it is advisable to engage in comprehensive research before making a decision about an MBA program. Take the time to explore online resources to identify the MBA program that aligns best with your financial considerations and long-term career objectives.