I have done my graduation B.com in Computer Applications. I wanted to do my MBA in the US. Are there any universities which provide full scholarships?
Asked by Bonagiri Thejdeep almost 3 years ago
Study abroad expert
The USA is domestic to some of the globally major organization institutes like Harvard Business School, Stanford Business School, the Wharton School and many more. However, the ordinary charge of studying MBA in the pinnacle universities in the USA is as high as 170,000 to 220,000 USD (~1.27 to 1.64 crore INR). To information meritorious students financially, these universities grant MBA scholarships in the USA to college university college students in need. The MBA scholarships in the USA furnish college students with a full or partial lessons charge waiver. In some cases, the college may additionally furnish various allowances to the students.
MBA in the USA is one of the most famous functions amongst global students. The MBA scholarships in the USA can be categorised into two types:
- Need primarily based absolutely scholarships: These scholarships are furnished to the enrolled college students with validated monetary needs.
- Merit-based scholarships: These scholarships are furnished to meritorious students from the pool of enrolled applicants.
Student Visa costs for the US
There are three kinds of US find out about visas: F1 Visa, J1 Visa, and M1 Visa are three outstanding sorts of US scholar visas. The utility charge for a discovery visa for the US is $160.
Eligibility Criteria
The eligibility necessities for MBA publications may also additionally fluctuate from one college to another. However, the necessary admission standards for MBA applications are as follows:
- A bachelor's diploma in any strength of will or equal from an identified university
- A minimal score of 75% in bachelor's or equal CGPA
- GMAT ranking over 600
- Most of the universities require/recommend a minimum of two-three years’ work experience
Work enables after MBA in the USA
Candidates need an F1-Visa to discover out about MBA in the USA. This visa lets them proceed to be for 60 days in the USA after their graduation date. MBA graduates prefer to comply with the perfect visa to remain and work in the USA after their studies. After their studies, F1 visa holders can observe for OPT (Optional Practical Training).
Optional Practical Training (OPT) is a one-year work and stay-back allowance given to global university college students on completing a diploma utility in the US. Working after MBA in the USA is one of the essential factors that college university students select to pursue an MBA abroad. Students should be aware of the entire thing about the post-study work visa in the USA before using the program.
Some of the best institutions which provide scholarships are as follows are:
- Stanford Knight-Hennessy Scholars Program - Stanford Business School
- Harvard Business School Scholarships - Harvard University
- McKinsey Award - MIT Sloan School of Management
- Dean's Scholarship - Stern School of Business.
- Haas School of Business
This is all fine, but I can suggest more things.
If you have done your B.Com in Computer Applications and want to pursue from top MBA in USA with a full scholarship, there are several universities that offer excellent financial aid opportunities, though full scholarships are highly competitive.
Here are some universities in the US that provide generous scholarships for MBA programs:
1. Stanford Graduate School of Business: Stanford offers the Stanford Africa MBA Fellowship and the Knight-Hennessy Scholars program, which can provide full tuition and living expenses. These are competitive but are open to students worldwide.
2. Harvard Business School: Harvard offers need-based scholarships that can cover up to the full cost of tuition. The Boustany MBA Harvard Scholarship also offers partial funding with opportunities for internship.
3. Wharton School of the University of Pennsylvania: Wharton has several merit-based scholarships, including the Joseph Wharton Fellowship, which is awarded based on academic and professional achievements.
4. MIT Sloan School of Management: Sloan offers various merit-based scholarships, including the Legatum Fellowship, which supports entrepreneurs and leaders in emerging markets.
5. University of Chicago Booth School of Business: Chicago Booth provides several merit-based scholarships like the Chicago Booth MBA Scholarship that offer significant financial support.
Keep in mind that full scholarships are rare and often reserved for students with outstanding academic records, leadership skills, and unique profiles. Additionally, applying early and demonstrating a strong profile can improve your chances of receiving significant aid.
Yes, some U.S. universities offer full scholarships for MBA programs, but they are highly competitive. Some options include:
1. Harvard Business School – Offers the Harvard Business School Fellowship, which covers tuition based on financial need.
2. Stanford Graduate School of Business – The Stanford Knight-Hennessy Scholars Program offers full funding for selected MBA students.
3. The University of Chicago (Booth School of Business) – The Booth MBA Scholarship provides full-tuition awards.
4. Wharton School of the University of Pennsylvania – Offers the Joseph Wharton Fellowship, covering full tuition.
5. MIT Sloan School of Management – Full scholarships like the McKinsey Award and Sloan Leadership Fellowship are available here.
To improve your chances of winning these scholarships, demonstrate strong academic records, leadership, and a clear vision for your career post-MBA.
Also, look for external funding sources like Fulbright Scholarships or industry-specific grants. You can use scholarship search engines like Fastweb, scholarship.com, etc., to look for more. Good luck!
Yes, there are several universities in the US that offer full scholarships for MBA programs, especially for students with strong academic backgrounds like yours in B.Com with Computer Applications.Â
However, these scholarships are highly competitive and often awarded based on merit, leadership potential, and sometimes financial need.
Here are a few options to consider:
- Harvard Business School offers the HBS Fellowship Program, which can cover full tuition based on financial need.
- Stanford Graduate School of Business provides the Stanford Reliance Dhirubhai Fellowship, specifically for Indian students, offering full tuition coverage.
- The University of Pennsylvania’s Wharton School offers Merit-based Fellowships that can range from partial to full tuition.
You should also explore external aids like Fulbright Scholarships or Forté Fellowships for women in business, which sometimes offer full funding.
Make sure to highlight your unique skills in applications, such as your blend of computer applications with business, as this could make you stand out.