MBA Scholarships to Study Abroad for Indian Students


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Cost of Study in MBA for International Students

MBA is a popular course that is opted by many Indian Students annually. Not just Indian Students, but it is preferable among international students also, take an example, a country like the USA, which consumed average tuition fees between 40-60 LPA. INR. In the UK, it is more than 80 LPA INR.

It is mostly due to the high amount of MBA salary packages offered at the time of MBA placement, that’s why it is in higher demand among MBA Indian students. Below are the top other tuition fees offered by international countries.

  • Canada offered an MBA of more than 35 LPA INR.
  • Australia offered an MBA of more than 45 LPA, INR.
  • New Zealand offered an MBA of more than 30 LPA INR.
  • Germany offered an MBA of more than 40 LPA INR.


Scholarship to Study Abroad for Indian Students

In this section, get to know about the types of scholarships which are available for the Indian Students to study abroad for MBA. The scholarships are based on merit, need, external issue and on the basic of the diversity.


Different Types of MBA Scholarships for Indian Students as well as for the International Students

Scholarships Based on the Merit

The Scholarships are totally based on the aptitude of the applicant. Like academic awards, GPA scores, or any national-level exam score. This Scholarship doesn’t even need an additional application.

Scholarships Based on the Need

In this scholarship, the effort and the demonstrated financial values of the applicant’s family and awarded according to the financial need of the student. Most of the scholarships require a separate application for offering the scholarship.

Scholarships Based on the Diversity

This scholarship gives privilege to both Indian Students and International Students in the B-Schools. This school mostly gives scholarships to attract students. In this, international and Indian students need to pay fees like domestic students.

Scholarships Based on the External issue

This scholarship is awarded to students by external authorities bodies like the government, private organizations, and sometimes the MBA universities. All external Scholarships required an additional application.

The Top 5 Prestigious and International MBA Scholarships for International Students

The Top 5 International MBA Scholarships are as follows:

1. National Overseas Scholarship Scheme

An aggregate of 100 slots per year is made available for different groups such as denotified tribes, semi-nomadic tribes, landless agricultural laborers, traditional artisans, and scheduled castes.

2. Erasmus Mundus Joint Master’s Degree Programs

This scholarship allows students to pursue their graduate studies by studying and working in different countries during the program.

3. Fulbright-Nehru Master’s Fellowships

These fellowships are designed for meritorious Indian students who wish to pursue a master’s degree program at selected U.S. colleges and universities in the field of arts and culture management, including Economics; Environmental Science/Studies; Urban and Regional Planning.

4. Fulbright-Nehru Doctoral Research Fellowships

This 6-9 months fellowship is specifically designed for Indian scholars who are already registered for a Ph.D. at an Indian institute.

5. Great Scholarships India

There are 20 postgraduate scholarships provided by UK universities across a variety of subjects. These scholarships are jointly funded by the UK government’s Great Britain Campaign and the British Council. Each scholarship is worth £10,000 (tuition fee) for a one-year postgraduate course.


The Top 5 Prestigious MBA Scholarships are as follows:

1. Rotary Foundation Global Study Grants (Global):

It aims at global mobility of talent and aims at any student who wants to study abroad. The scholarships start from $30,000 and cover all academic, and travel expenses, including tuition, accommodation, language courses, and other supplies.

2. Joint Japan World Bank Graduate Scholarships (Global):

The JJ/WBGSP is for students from developing nations who want to receive a Master’s Degree from abroad and then come back to their motherland and contribute towards its uplifting and development. It provides funds for tuition fees, health insurance, accommodation, and a stipend for covering living costs.

3. Swedish Institute Study Scholarships in Sweden:

Indian students can apply here and appear among the 550 international students who are given this scholarship by the Swedish Institute for pursuing a Master’s degree in Sweden.

4. The Gates Millennium Scholarship in the USA:

It is sponsored by The Gates Foundation, and it covers the entire expenses of 1000 students.

5. Fulbright Scholarships in the USA:

The United States-India Educational Foundation, or USIE, offers scholarships to Indians who want to pursue a master’s course or conduct research in any U.S. institution. For this, they need to complete the U.S. equivalent of a bachelor’s (4 years of education) and have a minimum of 3 years of work experience.

There are other prestigious scholarships and internships scholarships available in the market. The scholarship is an instrument for the privilege of those students who want to achieve something higher in life, and the scholarship helps financially weak students to get their dream course. Especially the MBA scholarships to study abroad for Indian Students.


Country Based Top University MBA Scholarships for the Indian Students

Scholarship to Study Abroad for Indian Students in USA, University

  • The Harvard University-Boustany Foundation MBA Scholarship
  • Ascend Educational Fund MBA Scholarship
  • American University Emerging Global Leader Scholarship
  • Chicago Booth School of Business


Scholarship to Study Abroad for Indian Students in Canada

  • UCW Second Language Excellence Scholarship 2022
  • UCW MBA Excellence Scholarship for Continuing Students, 2022
  • The University of British Columbia Neporany Doctoral Fellowship in Canada 2023
  • Ritchie-Jennings Memorial Scholarship Program, 2023


Scholarship to Study Abroad for Indian students in Germany

  • DAAD Scholarship Programs
  • Heinrich Böll Foundation Scholarships in Germany
  • DeutschlandStipendium National Scholarship Programme
  • The Friedrich Ebert Stiftung Scholarship
  • Scholarship to Study Abroad for Indian students in UK
  • Chevening Scholarships for Indian and International Students
  • Rhodes Scholarships
  • GREAT Scholarships


London business school MBA scholarship for Indian students

This Scholarship is one of the premium scholarships, it is an initiative for those students who are in a weak financial position. Out of 10, only 1 Indian student can get the privilege of this prestigious scholarship, This scholarship is awarded to the most deserving and eligible Indian and International students.

The Eligibility Criteria for the London business school MBA scholarship for Indian students:

Nationality: Indian
Work Experience: Min 2yrs
English Proficiency Score: IELTS/ PTE
Exam Score: GMAT/GRE
Qualification: Bachelor/ Equivalent


How to get Scholarship for MBA in India?

There are various factors evaluating to get yourself the scholarship, but chances are not muchly favorable, it is less than a 5% chance of getting an MBA Scholarship in India. The only key is dedication and hardship, but here are some tips to get your chances to increase to get an MBA scholarship:

  1. Aim for high GMAT scores: It has been found that among the top scorers whose GMAT score lies between 740-800, then you’ll get a chance to scholarship in the M7 and T20 B-Schools. Increase the chances of 20% above.
  2. Set Planned MBA goals: Setting a planned MBA score will make you determined towards achieving the post-MBA goals. Give you a clear map.
  3. Early Application for MBA: There is always a higher chance for the early applicants out of 10, at least 2 get to select for the scholarship offered.


Manya – The Princeton Review Advantage

Manya – The Princeton Review offers end-to-end study abroad services encompassing admissions consulting services, test preparation, English language training, career assessment, and international internship opportunities to study abroad aspirants. Founded in 2002, Manya holds an impeccable track record of enabling more than 4 lac students to accomplish their study abroad dreams through its network of 47+ centers across India.

Manya has formed long-lasting global alliances with several market leaders in the education industry in order to maximize the benefits of its large service portfolio. Their list of esteemed partners and affiliations includes – The Princeton Review (TPR), Cambridge University Press (CUP), Cogito Hub, British Council, Tuding to name a few. Manya has also forged 600+ partnerships with international universities across top study abroad destinations.



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Is there any MBA Scholarship to study abroad for Indian students after 10th?

Yes, Scholarship to study abroad for Indian students after 10th. Like AEF Scholarship, Global Leader Scholarship at the American University, Tata University scholarship at Cornell University, etc.  

Are there any MBA Scholarships to study abroad for Indian students after 12th?

Yes, the Tata scholarship, Monash International Merit Scholarship, Inlaks Scholarship, Chinese Government Scholarship, etc. are some Scholarships to study abroad for Indian students after the 12th for MBA scholarships in India.

What is the best GMAT Score to get an MBA Scholarship in India?

Above 750+ is considered the best GMAT Score to get an MBA Scholarship in India.

Is work experience necessary for an MBA scholarship abroad?

Yes, yet even though it is not that necessary. But to secure yourself for the scholarship, it is recommended that you must have work experience for an MBA scholarship abroad.

Which University offers a free MBA in India?

The IIT (Indian Institute of Technology) of Kharagpur, West Bengal in India. Which offers a free MBA in India with a certificate.

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