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When you apply to the Full-Time MBA Program, you're automatically considered for over 200 merit-based scholarships. These scholarships are based on academic ability, professional and personal achievements, and potential to contribute to the community. You don't need to submit a separate application. Scholarship awards range from $10,000 to full tuition.
The Dean’s Impact Scholars is awarded to a highly-select group of admitted students to recognize their outstanding accomplishments and potential to create a positive impact in the world through business. Recipients receive a full-tuition scholarship, plus an annual stipend to support their educational travel, leadership development experiences, and non-tuition expenses.
Admitted students selected as Dean's Fellows are awarded full-tuition scholarships. Fellows can network with alumni senior leaders in various industries and build unique connections with other fellows and faculty members throughout their Michigan Ross experience.
Partial and full-ride scholarships are available to Full-Time MBA students who have demonstrated notable resilience in the face of adversity. Recipients may include students who are the first in their families to pursue a degree, or those who have overcome personal obstacles, served in the military, or otherwise exhibited personal fortitude and resilience.
For current students, there are also several scholarship opportunities available, such as the Alumni Board of Governors Award, the Ross Community Impact Scholarship, the McGowan Fellows Program, the J. Ira Harris Merit Award, the Skip and Carrie Gordon Scholarship, the Leslie Adkins Endowed Scholarship, and the Zell Lurie Institute Scholarships.
The Alumni Board of Governors award is a need, merit, and community service award. An application is required. One second-year MBA student is selected to receive $7500.
The Ross Community Impact Scholarship offers funding to first-year MBA students with strong academic records who contribute exceptional impact to the MBA community or their chosen field of study. Recipients receive up to $10,000 in scholarship during their second year of the program. Students interested in applying can contact roassadmissions@umich.edu.
The McGowan Fellowships are awarded to eligible second-year MBA students who are in the top 5% of their class, are non-dual degree students, and meet other qualifications. Recipients will receive a full-tuition scholarship for the second year of their program.
The J. Ira Harris Merit Award is given to ten second-year MBA students selected by the MBA program. No application is required, and each recipient receives $5,000.
The Skip and Carrie Gordon Scholarship is awarded to second-year MBA students who demonstrate an outstanding commitment to pursuing ways to solve complex social problems. Two recipients are selected each year to receive $5,000.
The Leslie Adkins Endowed Scholarship is offered to qualified second-year MBA Consortium members who have not received a full-tuition Consortium fellowship. The past recipients of the Leslie Adkins Endowed Scholarship have typically received $10,000.
The Zell Lurie Institute scholarship program is a merit-based scholarship program for rising second-year MBA students with an interest in entrepreneurship. Eligible students will have achieved a meritorious GPA in the first year of their program and will have demonstrated exemplary academic standing, strong entrepreneurial knowledge and interests, and engagement with courses, programs, and leadership.
Michigan Ross School of Business offers a variety of scholarships to help make earning an MBA more affordable. Here is a list of scholarships and their rewards:
1. Dean’s Impact Scholars
- Reward: Full tuition and an annual stipend for educational travel, leadership development, and other expenses.
2. Dean’s Fellows
- Reward: Full tuition and networking opportunities with senior alumni and faculty.
3. Health Innovation Scholars Program
- Reward: Full tuition and professional development funding for students pursuing healthcare careers.
4. Forté MBA Fellowship
- Reward: Professional development opportunities for women in business, attached to a merit-based scholarship.
5. Yellow Ribbon Program
- Reward: Covers unmet tuition needs for eligible post-9/11 GI Bill students (no cap on number or costs).
6. The Consortium Fellowship
- Reward: Merit-based scholarship for increasing representation of African American, Hispanic American, and Native American students.
7. ROMBA LGBTQIA2S+ Fellowship
- Reward: Funding and access to leadership programming for LGBTQIA2S+ business leaders.
8. Tauber Institute for Global Operations Scholarships
- Reward: Scholarships for students in the program (no separate application required).
Need-based scholarships are also offered, with students encouraged to complete the FAFSA to be considered. The Ross Financial Aid Office regularly updates students on new scholarships, ensuring continuous support throughout their MBA journey.
The Michigan Ross School of Business offers a robust selection of scholarships aimed at reducing the financial burden for MBA students. These scholarships are designed to attract top talent and ensure that financial constraints do not hinder exceptional candidates from joining their program.
One of the primary categories is the merit-based scholarships. These are awarded based on the overall strength of your application, which includes academic performance, professional achievements, leadership qualities, and extracurricular involvement. Notable merit-based scholarships at Ross include the Dean’s Fellowship, which covers full tuition and offers a stipend, and the Consortium for Graduate Study in Management Fellowship, which is aimed at promoting diversity in business education and leadership.
There are also specific scholarships for women, such as the Forte Foundation Fellowship, which supports women pursuing MBA degrees. This fellowship not only provides financial assistance but also offers access to a powerful network of women leaders and various professional development opportunities.
For underrepresented minorities, the Consortium Fellowship is a significant opportunity, providing full tuition and access to a vast network of professionals and resources. Additionally, Ross has a partnership with the Reaching Out MBA Fellowship, which supports LGBTQ+ students with both financial aid and a supportive community.
Michigan Ross offers several scholarships for its MBA program, aimed at supporting students with diverse backgrounds and achievements. These scholarships are awarded based on merit, need, and specific criteria like leadership potential, professional achievements, and community involvement.
The key scholarships include:
Merit-Based Scholarships: All admitted MBA students are automatically considered for merit-based scholarships. These are awarded based on individual's academic performance, leadership qualities, and professional success.
Consortium for Graduate Study in Management: This partnership offers fellowships to increase diversity in business education and leadership. Applicants must apply through the Consortium to be considered.
Forté Foundation Fellowships: Scholarships designed for women applicants to promote gender equity in MBA programs and leadership roles.
Country-Specific Scholarships: Ross also offers scholarships for applicants from specific regions or countries, supporting international diversity.
These Michigan MBA scholarships are awarded at the time of admission, and no separate application is required for most of them. Exploring these options and ensuring a competitive application can significantly lower the financial burden of pursuing an MBA at Ross.
Sr. Consultant
The Michigan Ross MBA program offers several scholarships to help make your education more affordable. These scholarships are mainly merit-based, which means they're awarded based on your achievements and potential.
Merit-Based Scholarships: Almost all applicants are automatically considered for these scholarships. If you demonstrate strong leadership, academic achievements, and unique personal contributions, you're probably a strong candidate for these awards.
Consortium Fellowships: If you're applying through The Consortium, there's a specific fellowship available, specially designed for those committed to promoting diversity in business.
Need-Based Assistance: While most of the scholarships are merit-focused, Ross also provides need-based support in specific cases. It’s worth discussing your situation with their financial aid office.
Michigan Ross also partners with the Forté Foundation and Reaching Out MBA (ROMBA), offering scholarships to support women in business and LGBTQ+ students, respectively.
The good news is, that you don’t need a separate application for most of these scholarships—they’re offered when you apply for the MBA itself. So, it’s all about making your application shine!