4 MBA scholarships you can still apply for this year
Despite an on-going pandemic, reports show MBA applications in business schools are up. Despite its appeal, an MBA can come with eye-watering fees, which means many will be on the lookout for MBA scholarships.
GMAC’s annual Application Trends Survey said: “Many b-schools responded by adopting flexible admissions approaches, including extended deadlines and deferral policies. As a result, the number of applications increased. B-schools also hedged enrolment risks by increasing acceptance rates.”
The benefits of an MBA are well documented.
The National Association of Colleges and Employers (NACE) salary survey, which contains annual salary projections for college graduates in the US forecasts that the average salary for this year’s MBA graduates stands at about US$79,043. The non-profit Forté Foundation which focuses on women’s advancement has conducted a study on how getting an MBA can dramatically impact women’s pay and position within their industry and organisation in the US.
Some of their key findings include that women with postgraduate degrees see pay gains of 55% to 65% of their pre-MBA salary within five years of graduation. companies with female board directors, experience on average, a 53% higher return on equity while 85% of MBA graduates attribute the MBA as a key factor that has enabled them to advance in their careers.
In addition, 95% of women found the MBA experience personally rewarding, while the average amount of time to recoup their ROI on the degree was four years. Some of the top industries for women with MBAs include marketing and advertising, and management consulting.
If financing your MBA will be a challenge, have some comfort in knowing that there are many scholarship options available for students from business schools around the world. Here are some worth exploring:
Boustany MBA Harvard Scholarship
Harvard University’s MBA programme is one of the world’s leading business programmes in the world.
The Boustany MBA Harvard Scholarship is granted for a two-year course at Harvard Business School once every two years and will be awarded for the class commencing August 2021.
Successful applicants will also undertake a two-month unpaid internship with the Boustany Foundation Internship in Monaco.
This scholarship provides financial aid amounting to US$102,200 which will cover tuition fees, as well as travel and accommodation expenses related to internships for students who have an excellent academic background and show considerable promise.
Deadline: May 31, 2021.
Imperial College Business School
Some of the scholarships that students can still apply for including:
- The Africa Regional Scholarship for Applicants who are resident in one of the 54 African countries. An award of up to £15,000 is available.
- Dean’s Impact Scholarship worth £25,000 to candidates who demonstrate impact and achievement in any of these five key areas: Entrepreneurship, Technology and Innovation, Sustainability, Social Impact and Leadership.
- Forté Fellowships for outstanding female students joining the full-time MBA. Awards of £27,250 are available.
Deadline: June 18, 2021
Strathclyde Business School
The Strathclyde Business School full-time MBA scholarships for its September 2021 intake will be awarded on a rolling basis up to the final deadline of August 31, 2021, so early application is advised.
Up to 10 scholarships with a value of up to £10,000 will be awarded to candidates who demonstrate in their MBA programme application and interview, excellent academic performance; significant professional/managerial/leadership experience and career development and who will contribute to the overall academic, cultural and experiential profile of the programme cohort.
Deadline: August 31, 2021
The University of Sydney Business School
The University of Sydney Business School is taught over 18 months in small class sizes.
They offer two types of scholarships valued at varying amounts to local and international self-funded candidates for our full-time MBA programme. They include:
- MBA Directors Scholarship
- MBA Business Leaders Scholarship
To be considered for a scholarship, applicants must provide detail of this in their application.
Deadlines: The application deadline for Round 5 is April 1 and June 15 for Round 6 of the August 2021 for the full-time MBA programme cohort.