What are the best scholarships for Indian students doing MFin in Europe?

Question

V Gupta · Accepted Answer

Most people think European MFin scholarships are limited &mdash; but quite a few are actually open to Indian students, and some go beyond just tuition waivers.

The Charpak Master&rsquo;s Scholarship from the French Embassy offers a monthly stipend (&euro;860), student visa fee waiver, and travel allowance. It&rsquo;s available for any French business school, including ESCP, ESSEC, and EDHEC.
DAAD Scholarships in Germany cover living costs and tuition (where applicable), especially for programs at Frankfurt School or Mannheim. These require strong academic performance and motivation letters.
Eiffel Excellence Scholarship (France) is offered by the French government and includes a monthly stipend of &euro;1,181, plus travel and insurance. Some schools like HEC and Sciences Po nominate students directly.
Bocconi also provides full tuition plus &euro;5,000&ndash;&euro;10,000/year housing grants for top Indian students with high academic standing and relevant work experience.

Unlike US programs, most European scholarships don&rsquo;t require separate applications &mdash; but they&rsquo;re limited in number, so applying early with a sharp profile matters a lot.

Aarushi S · Answer

Some of the best scholarships for Indian students doing an MFin in Europe come directly from top schools like HEC, ESSEC, and Bocconi &mdash; and they&rsquo;re often merit-based, not need-based.
HEC Paris offers the HEC Excellence Scholarship, which can cover up to 50% of tuition for strong academic profiles (usually 3.7+ GPA or first class with finance internships). Indian students are also eligible for the HEC Foundation Need-Based Scholarship, which assesses family income and financial documents.
At ESSEC, the Academic Excellence Scholarship gives up to 35% tuition waiver and is automatically considered during application. EDHEC offers the Global Excellence Scholarship (30%) and the Women in Finance Scholarship (20&ndash;50%), both of which are open to Indian students.
Bocconi has the Graduate Merit Award, covering full tuition, and also the Bocconi International Award that gives a 50% fee waiver. These are competitive, so applying early really helps.