Guide to MBA & Business Program Scholarships (2024)

Business School Scholarships: Common Application Requirements

Derived from the entries below, here are the common application requirements for MBA scholarships:

• A bachelor’s degree from an accredited institution
• Competitive GPA from undergraduate program(s), at least a 3.0
• Either an in-person or video interview
• A personal statement of objectives
• Letters of recommendation
• GMAT or GRE score reports (maybe optional)
• Proof of citizenship or permanent residency in the United States

Most (although not all) donors require prior admission at a specific partner business school; this is why locating qualifying MBA scholarships is a challenging process. Our guide below includes examples of such donors: the Arizona State University W.P. Carey Forward Focus MBA Scholarship; the University of Florida Warrington College of Business; the University of Chicago Booth School of Business Scholarships; and the University of Houston. Please note that we’ve tried our best to focus on scholarships that don’t restrict their recipients’ business school selections.

In other cases, donors require prior admission to at least one of a network of partner business schools. This requirement seems to be especially common among certain prestigious, lucrative scholarships offered to underrepresented groups such as women and people of color. In our profiles below, foundations with business school network admission requirements include The Consortium for Graduate Study in Management, the Committee of 200 Scholars Program, the Forté Fellows Program, the Reaching Out LGBTQ MBA Fellowship, and the National Black MBA Association Graduate Scholarship Program.

Finally, several donors require evidence of future career plans that align with their foundation’s mission. For example, this evidence might include transcripts indicating preparatory coursework consistent with licensure requirements, such as the CPA examination. Our guide below includes examples from industries that include public accounting, public finance, and commercial real estate.

Full-Ride MBA Scholarships for Specific Schools

• Amount: Up to full resident tuition of $61,354 per year
• Deadline: Same as admissions deadline
• Who Should Apply: Arizona State University MBA candidates
• About the Donor: All accepted full-time ASU MBA students can apply for this full scholarship covering their total tuition, regardless of their financial situation. Arizona State University’s W. P. Carey School of Business believes that scholarships are much more than just money for school. Scholarships are an investment in students, their dreams, and their shared future.

• Amount: Varies
• Deadline: Same as admissions deadline
• Who Should Apply: University of Florida Full-Time MBA Applicants
• About the Donor: The University of Florida Warrington College of Business offers several scholarships for MBA students, such as the Fannie Mae MBA Term Scholars Fellowship, the Frank L. Weyenberg MBA Scholarship Fund, the Wells Fargo Scholarship and Internship Fund, Richard and Velia Parrino Graduate Student Endowment, M. Ann O’Brien MBA Scholars Endowment Fund, and the Hoke T. Maroon MBA Fellowship Endowment.

• Amount: 100 percent tuition scholarship of $16,200 for the entire degree
• Deadline: Same as admissions deadline
• Who Should Apply: San Francisco Bay University’s MBA applicants. Applicants must be applying for a master’s degree in business administration (MBA), electrical engineering (MSEE), or computer science (MSCS)
• About the Donor: San Francisco Bay University offers this president’s scholarship for applicants pursuing a master’s degree at SFBU. The scholarships may be limited in number and early applications are highly encouraged. Notably, SFBU also offers several more 100 percent scholarships, such as a president’s scholarship for bachelor’s degree applicants, a president’s scholarship for California Community College transfer students, and a housing scholarship that covers full tuition and free university housing.

• Amount: Full funding to pursue any graduate degree at Stanford University (including MBA)
• Deadline: October 2024 (estimated)
• Who Should Apply: Students pursuing any graduate degree at Stanford University, including joint and dual degrees. To be considered, candidates must apply separately to the Knight-Hennessy Scholars program and to their Stanford GSB graduate degree program (by Round 1). Candidates from any country may apply.
• About the Donor: Cultivating and supporting a highly engaged, multidisciplinary, and multicultural community of graduate students from Stanford University, The Knight-Hennessy Scholars program delivers a diverse collection of educational experiences, preparing graduates to address complex challenges facing the world. Each year, this program selects up to 100 students who are newly enrolling in a graduate degree program in any of Stanford’s seven schools. Knight-Hennessy Scholars participate in an experiential leadership development program and receive funding for up to three years of graduate study at Stanford.

Other MBA Scholarships for Specific Schools

• Amount: Up to full annual tuition with additional awards potentially reimbursing annual costs
• Deadline: Same as admissions deadline
• Who Should Apply: University of Chicago MBA candidates
• About the Donor: The University of Chicago provides a broad range of merit scholarships and fellowships for incoming MBA students, including the Chicago Booth Fellowship and several corporate-sponsored fellowships. U.S. News & World Report currently ranks this program #1 among business schools.

• Amount: Varies
• Deadline: Same as admissions deadline
• Who Should Apply: All international and domestic applicants to the MBA and MS programs at Drexel University’s LeBow College of Business are automatically considered for scholarship
• About the Donor: The Drexel LeBow JEDI scholarship recognizes individual student contributions and achievements within students’ professional or personal communities. This scholarship will be awarded to incoming MS and MBA students who have demonstrated a commitment to diversity, social justice, inclusion, and equity and have supported underrepresented groups’ personal or professional advancement. MS and MBA program applicants who want to be considered for the scholarship should showcase their passion and work in their admissions application.

• Amount: $10,000
• Deadline: Same as admissions deadline
• Who Should Apply: NYU college seniors who wish to pursue their MBA full-time at NYU Stern as part of the NYU x NYU / Stern program
• About the Donor: Started in 2013, The William R. Berkley Scholarship Program supports college seniors who wish to pursue their MBA full-time at NYU Stern as part of the NYU x NYU / Stern program. The NYU x NYU / Stern program offers NYU undergraduate students from the College of Arts and Science, Tandon School of Engineering, Global Liberal Studies, Stern School of Business, and Steinhardt School of Culture, Education, and Human Development the opportunity to pursue their full-time two-year MBA at NYU Stern within 2 to 5 years after their undergraduate graduation. Accepted students will receive a $10,000 Early Advancement Award to be applied to their Full-time MBA tuition upon enrolling at NYU Stern. They will also be eligible for consideration of further NYU Stern scholarships, including a specially designated one-year Berkley Early Advancement Fellowship covering full tuition and fees, in the year in which they enroll at Stern.

• Amount: $15,000 per fellow per year or around $30,000 per fellow’s two-year MBA program
• Deadline: Same as admissions deadline
• Who Should Apply: Applicants for this scholarship must first be admitted to the Stanford MBA program. They must complete the financial aid and supplemental BOLD Fellows Fund applications. BOLD Fellows must qualify for need-based financial aid. The supplemental BOLD Fellows fund application requires students to provide family and parent information and includes two essay prompts.
• About the Donor: Stanford GSB offers this BOLD Fellows Fund. The BOLD Fellows Fund supports those with financial hardship and a commitment to equity, inclusion, and diversity. In addition to demonstrating financial need, several other factors will be considered in selecting recipients of this award. Examples may include being a member of a low-income household or facing socioeconomic disadvantage; providing financial support to parental figures, parents, or other family members during or post-MBA program; and demonstrating a commitment to advancing diversity, equity, and inclusion.

• Amount: Annually up to $10,000 plus in-state tuition adjustments for non-Texas residents
• Deadline: Same as the admissions deadline, which is June 1, 2024, for domestic applicants and April 1, 2024, for international students
• Who Should Apply: University of Houston MBA candidates
• About the Donor: The University of Houston also provides several scholarships for incoming MBA students, including scholarships donated by at least eleven foundations and corporate subsidiaries within Texas. The U.S. News & World Report currently ranks this program #63 in the United States among business schools.

• Amount: The amount is decided on an individual basis for each candidate. It will depend on the cost of living and study, the duration of the program, and support from the Norwegian State Educational Loan Fund.
• Deadline: September 2024 (estimated)
• Who Should Apply: Applicants from all academic disciplines who wish to apply for master’s or PhD at the following universities: Caltech, MIT, Harvard, Stanford, University of Pennsylvania, Oxford, Cambridge, Imperial College London, and National University of Singapore (NUS)
• About the Donor: Since 1841, Aker has played an instrumental role in the development of knowledge-based industry in Norway. The purpose of this scholarship is to offer highly qualified candidates, with a strong link to Norway, an opportunity to pursue an advanced degree at one of the world’s leading universities and to support the development of the scholar’s social commitment. To be eligible, applicants must be Norwegian or have a strong link to Norway: they must have lived in Norway for several years and speak Norwegian.

MBA Scholarships for Specific Career Paths

• Amount: $10,000, $7,500, $5,000, $2,000
• Deadline: February 5, 2024
• Who Should Apply: To be eligible for this scholarship, candidates must currently be enrolled full-time and similarly enrolled during the 2024-2025 academic year at an accredited, four-year college or university. They must have declared majors or minors in accounting, finance, business administration, or criminal justice and demonstrate a desire to pursue a career in fraud examination or similar anti-fraud profession. They must also be U.S. citizens or permanent residents
• About the Donor: This scholarship was named after two members of the Association of Certified Fraud Examiners, Larry Jennings, and Tracy Ritchie. These two were among the five people who were fatally wounded when terrorists in Karachi fired upon the vehicle they were traveling in. They were en route to Union Texas’ Karachi office.

  These awards from the Association of Certified Fraud Examiners target students who may become certified fraud examiners (CFEs), and who have previously declared majors or minors in accounting, business administration, or finance. The scholarship provides an opportunity for students to advance their education and anti-fraud career paths. Many award winners continue to become certified fraud examiners.

• Amount: Two scholarships at $10,000 each toward tuition, fees, books, and supplies
• Deadline: February 26, 2024
• Who Should Apply: Students enrolled at an accredited university in the fall; must be a graduate student; must be enrolled full-time; have at least 3.0 GPAs; and have U.S. citizenship or permanent residency
• About the Donor: The International Council of Shopping Centers (ICSC) Foundation annually awards two $10,000 Edward J. DeBartolo, Sr. Graduate Scholarships. An ideal candidate is a graduate student and ICSC member enrolled in an accredited university’s upcoming fall academic term. Applicants with at least 3.0 GPAs who are full-time students will be considered. Candidates must demonstrate a record of dedication to and participation in the industry, a commitment to the community, and financial needs.

• Amount: $5,000
• Deadline: March 15, 2024
• Who Should Apply: Students who have obtained liberal arts or another non-business undergraduate degree from a regionally accredited institution in the United States, intend to pursue the CPA licensure and are U.S. citizens or permanent residents are eligible to apply.
• About the Donor: These awards from the American Institute of Certified Public Accountants provide financial assistance to liberal arts and non-business degree holders who are pursuing graduate studies in accounting and CPA licensure. These scholarships are intended to encourage students with little or no previous accounting education to consider professional accounting careers.

• Amount: $3,000
• Deadline: April 2024 (estimated)
• Who Should Apply: Qualified and deserving students with an established interest in dairy and who have demonstrated managerial abilities and leadership qualities to pursue a master’s degree in business at a certified school issuing a master’s degree in business administration
• About the Donor: Established in 1903, Holstein Association USA is the largest dairy breed organization in the world. Since its formation, this association has been dedicated to developing the Holstein breed. It has over 8,000 junior members and 20,000 adult members who have a strong interest in breeding, raising, and milking Registered Holstein cattle. The Robert H. Rumler MBA Scholarship was established by the Holstein Association USA to honor former Executive Secretary Robert H. Rumler at the time of his retirement. Rumler believed that U.S. agribusiness, including production agriculture, needed and deserved highly qualified leaders. This scholarship was established for qualified individuals with a bachelor’s degree in agriculture, preferably dairy.

• Amount: Varies (Different scholarships have different amounts); For example, the government finance professional development scholarship offers four $10,000 awards
• Deadline: December 2024 (estimated)
• Who Should Apply: Those planning to pursue careers in state/provincial or local government finance; some scholarships require employment for at least two years by one or more state or local governments or minority status
• About the Donor: The Government Finance Officers Association funds five academic scholarships annually, comprising nine to twelve awards for graduate students in accounting, finance, economics, or business administration interested in government or nonprofit management. The purpose is to recognize outstanding performance by students preparing for state and local government finance careers.

MBA Scholarships for Academic Honor Society Members

• Amount: 50 Fellowships of $8,500 each, six at $20,000 each, and two at $35,000 each to members entering the first year of graduate or professional study. It also awards several more awards.
• Deadline: Fellowships (April 15, 2024)
• Who Should Apply: Phi Kappa Phi members
• About the Donor: Established in 1897, the Honor Society of Phi Kappa Phi was chartered to broadly recognize and encourage superior scholarship, without any specific area of study membership requirement. According to the Association of College Honor Societies, Phi Kappa Phi is the United States’ oldest all-discipline honor society and the third-oldest academic society organized to recognize academic achievement. Phi Kappa Phi’s ongoing commitment to recognizing scholarship is evident in its generous grants and awards programs. At a minimum, the society now awards a million dollars every 24 months to outstanding students, members, and chapters through the society’s scholarship competitions.

• Amount: $2,000
• Deadline: December 2024 (estimated)
• Who Should Apply: This scholarship seeks to reward an ambitious graduate student (including MBA students) who has performed holistically and academically at a superior rate. Applicants must be active Honor Society members, must complete their Honor Society profile, and upload a headshot to their profile. Based on academic achievement and holistic applicant factors, this scholarship requires applicants to provide a written summary of their current academic program and achievements to date, along with an essay of up to 500 words describing the relevance of their studies to their life or goals. They must also submit their current GPA and a copy of their current transcript.
• About the Donor: The Honor Society Foundation Scholarship Fund operates and funds this scholarship program. As the nation’s largest professional and academic recognition society, the Honor Society provides the resources, scholarships, and networks to propel members further. The Honor Society Foundation strives to provide scholarships to those who go above and beyond.

• Amount: $1,500
• Deadline: December 2024 (estimated)
• Who Should Apply: Any MBA candidate committed to future change can apply. Application requirements include a personal statement, one letter of recommendation, a current resume, a current and comprehensive academic transcript, and a completed program questionnaire within the online application.
• About the Donor: Founded in 1977, Golden Key has rapidly become one of the largest international collegiate honor societies, now with more than 400 chapters worldwide. Membership is based solely on academic achievements, by invitation only, and offered to the top 15 percent of college and university upperclassmen and graduate students in all fields of study. Although the society offers other awards available to MBA candidates, the criteria for this particular scholarship involve why the student wants to continue their education, their future academic, and career goals, and how the student feels they can create change in the future.

MBA Scholarships for Women

• Amount: Contact an admissions representative to know more about the amount
• Deadline: Same as the school admissions deadline
• Who Should Apply: Women applicants and students at these participating United States and global universities
• About the Donor: The Forté Foundation provides prestigious, exclusive fellowships to women studying for full-time, part-time, or executive MBAs at roughly 50 of the best business schools across North America and Europe. Forté intends to boost the number of women enrolling in MBA programs.

• Amount: Varies according to the scholarship. For example, the “IE Woman Scholarship” awards up to 40 percent of tuition fees, while the “IE-FORTÉ MBA Fellowship” awards €10,000 to €20,000 towards tuition and fees
• Deadline: Contact the foundation for deadline specifics
• Who Should Apply: Open to female candidates
• About the Donor: To encourage women to continue on their path towards excellence, the IE Foundation, on behalf of its donors and IE Community, has an annual budget dedicated exclusively to women. Their goal is to provide talented and driven women with the financial resources required to accomplish their academic and professional objectives. Several scholarships are awarded to women with a track record of exceptional professional and personal achievement and who want to study at IE.

• Amount: Varies
• Deadline: Scholarships do not require an additional application. If admitted, students will be evaluated for available scholarships
• Who Should Apply: Female students studying at or intending to study at the Darden School of Business
• About the Donor: Darden School of Business strives to be among the world’s most accessible business schools. It offers scholarships for talented students from all parts of the globe, creating a diverse and inclusive community that is critical to the School’s mission. The Darden School of Business is committed to creating an ecosystem where women thrive. By awarding scholarships to women, the school not only celebrates the next generation of female leaders but also creates a richer learning experience.

• Amount: Varies
• Deadline: Varies depending on the university
• Who Should Apply: Women applicants and students at schools where C200 has hosted Reach Outs. In recent years, C200 has hosted Reachouts at the University of Minnesota, University of Chicago, Pepperdine University, University of Houston, Georgia State University, and Agnes Scott College.
• About the Donor: The Committee of 200 awards outstanding MBA students scholarships and unique learning and networking opportunities through their C200 Scholar Network. This donor also hosts panels and roundtable discussions at key universities to inspire ambitious, business-minded women. Since it began in 1991, C200 has hosted 90 Reachouts at 51 schools across the globe.

• Amount: $8,000 to $25,000; depending upon the scholarship selected
• Deadline: Every scholarship has its application deadline. For example, the “INSEAD MBA’68 Scholarship for Women” has the following deadlines: Round 1 (October 30, 2023); Round 2 (December 27, 2023); Round 3 (March 04, 2024)
• Who Should Apply: These scholarships are only for women. However, there are additional eligibility requirements for each scholarship. The ‘INSEAD Groupe Galeries Lafayette Endowed Scholarship for Women’ welcomes women candidates who have been admitted to the INSEAD MBA program and who identify with the goals and ambitions of Groupe Galeries Lafayette.
• About the Donor: The INSEAD MBA scholarships for women empower women professionals to pursue a world-class MBA and increase the number of women represented in management roles. As one of the world’s leading and largest graduate business schools, INSEAD offers participants a truly global educational experience.

• Amount: 37 international scholarships of $5,000
• Deadline: The deadline typically falls between April and June every year
• Who Should Apply: Women whose MBA programs or residences fall within a geographic area served by a local Zonta International chapter
• About the Donor: Zonta International established the Jane M. Klausman Women in Business Scholarship to encourage more women to pursue education and careers in business. Women of any age who demonstrate outstanding potential and whose MBA programs or residences fall within a geographic area served by a local Zonta International chapter may be eligible.

• Amount: Up to 50 percent of the tuition fees
• Deadline: June 15, 2024
• Who Should Apply: Women of all backgrounds and nationalities. Candidates who demonstrate financial need will be given preference. Also, a financing plan is required
• About the Donor: ESADE helps deserving candidates take up their MBA program with the help of scholarships. The scholarships are available to women who can bring their unique perspectives and experiences to the program. Recipients of the scholarship are expected to contribute to the ESADE Women in Business Club during their time in the program.

• Amount: CHF 25,000
• Deadline: July 2024 (estimated)
• Who Should Apply: Preference is given to women from developing countries. Applicants must submit a 750-word essay on: “Building a diverse and inclusive workplace requires the participation and accountability of each member of the organization. What would you recommend as ways for Nestlé to better foster allyship amongst employees?” Employees of Nestle or its subsidiaries are not eligible for this scholarship.
• About the Donor: The International Institute for Management Development (IMD) develops leaders who transform organizations and contribute to society. IMD Scholarships aims to encourage achievers worldwide, who may not have the financial resources to apply for an MBA but have the drive, potential, and zeal required.

• Amount: $20,000
• Deadline: November 2024 (estimated)
• Who Should Apply: This scholarship is for women applicants pursuing full-time study in a master’s or professional degree program in which women are underrepresented, including STEM, law, business, and medicine. Applicants must be U.S. citizens or permanent residents.
• About the Donor: For over 130 years, The American Association of University Women has funded the education of countless women so they could follow their dreams. Overall, this association has given more than $135 million to over 13,000 women and nonprofit organizations worldwide. These selected professions fellowships were initiated in 1970 with a $25,000 grant from the Max C. Fleischmann Foundation. Fellowships in the MBA degree program are restricted to women of color who have been underrepresented in this field of study. Applicants may apply for the second year of study only.

• Amount: $10,000 award for Undergraduate Students and $15,000 award for Graduate Students
• Deadline: The association will begin accepting applications for scholarships in January
• Who Should Apply: Women attending a San Francisco Bay Area university and preparing for careers in finance or accounting
• About the Donor: The financial leadership scholarships aim to provide opportunities to advance in finance for Bay Area women. Every year, the Financial Women’s Association of San Francisco (FWSF) offers awards to graduate and undergraduate students preparing for careers in finance at accredited colleges or universities located within the nine Bay Area counties. Selection criteria depend on leadership skills, academic achievements, work experience, extracurricular activities, communication skills, and financial needs. Beyond financial support, FWSF recipients receive mentoring from FWSF members and access to career development and networking events. As of November 2023, FWSF had awarded more than $3 million in scholarship funds for over 30 years to Bay Area women.

• Amount: Up to $12,500
• Deadline: The Eligibility Period runs from September 15 to December 15 every year. Applications for students already enrolled in school are due February 1. Those not yet enrolled are due March 15.
• Who Should Apply: Women from other countries pursuing graduate study programs in the United States and Canada. A student who is a citizen or permanent resident of the United States or Canada is not eligible
• About the Donor: Established in 1949, the International Peace Scholarship Fund provides scholarship opportunities to women from other countries for graduate study in Canada or the United States. This scholarship does not cover all personal or academic expenses and is not limited to any specific field of study. International MBA students can also utilize the funds.

MBA Scholarships for Other Underrepresented Groups

• Amount: $20,000
• Deadline: Varies depending on the partner business school
• Who Should Apply: Lesbian, gay, bisexual, and transgender candidates
• About the Donor: The Reaching Out MBA Fellowship focuses on educating, inspiring, and connecting the student and alumni lesbian, gay, bisexual, and transgender MBA & graduate communities in an ongoing effort to create the next generation of business leaders. As of the 2023 application cycle, over 70 business schools across North America were participating. Please note that the schools themselves are responsible for nominating fellows.

• Amount: Varies depending on the partner business school. Up full tuition at selected universities
• Deadline: Varies depending on the partner business school. For example, the University of Alabama has a deadline of January 31, 2024, while Emory University has a deadline of March 1, 2024
• Who Should Apply: Students of color
• About the Donor: The National Black MBA Association offers several scholarships to deserving MBA students of color through various university partners. Almost all partners appear to be nationally ranked business schools. They include Emory University, Arizona State, Ohio State, the University of Florida, the University of San Francisco, and the University of Alabama. The largest awards students can earn appear to be for full tuition at the University of Florida and up to $50,000 at Emory University. Scholarship winners also receive airfare and accommodations for NBMBAA’s Annual Conference.

• Amount: Up to $4,800
• Deadline: February 8, 2024
• Who Should Apply: Lesbian, gay, bisexual, and transgender candidates
• About the Donor: The Point Foundation is the nation’s largest scholarship-granting organization for lesbian, gay, bisexual, and transgender (LGBT) students of merit. Point Scholars agree to maintain a high level of academic performance and to give back to the LGBT community by completing an individual community service project each year. To be eligible, applicants must be enrolled or must intend to enroll at an accredited community college based in the United States, must have one to two years of community college left, and intend to transfer to a bachelor’s degree program at a four-year college or university.

• Amount: Varies depending on the University. Up to approximately $2,500
• Deadline: March 2024 (estimated)
• Who Should Apply: LGBTQ students who attend San Francisco State University, Stanford University, University of California at Berkeley, University of California, San Francisco, or the UC College of the Law, San Francisco. Graduate and undergraduate students may apply. Recipients must demonstrate the promise of becoming positive role models for other LGBTQ people
• About the Donor: Tom Markowski and Jim Leach were a gay couple who lived in San Francisco. This scholarship was established as a result of their vision. In the early 1980s, as the AIDS crisis spread, they had a mutual desire to provide financial assistance to LGBTQ people trying to further their education. They both passed away as a result of HIV.

• Amount: $10,000 for United States students or $5,000 for Canada students
• Deadline: March 2024 (estimated)
• Who Should Apply: Students with any disability
• About the Donor: Equity Through Education (ETE) is a charitable initiative to create a more diverse workplace. It offers support to help people realize their educational ambitions by giving them opportunities they might not otherwise receive. On one day each year, all North American institutional equity trading commissions are donated to organizations dedicated to educating bright and deserving individuals. To date, ETE has raised C$26 million (US$24 million). This funding assisted over 5,000 students through scholarships, fellowships, and job search strategy forums. Lime Connect was originally selected as an Equity Through Education partner in 2011.

• Amount: $1,000 to $2,500 per award (two scholarships annually)
• Deadline: March 31, 2024
• Who Should Apply: Gay men who are under 35 years of age, have completed high school (or GED) by June of the current year, and are U.S. citizens
• About the Donor: The Gamma Mu Foundation was created to provide financial support to non-profit organizations that serve communities and clients primarily in the rural or underserved areas of the United States. It awards financial grants for supporting HIV/AIDS services, community services, research, and public education benefiting the LGBT community. It also awards academic scholarships to members of the LGBT community demonstrating financial need and desire. The Gamma Mu Scholarships Program supports gay men who want to further their education at a university, college, or professional or vocational training program.

• Amount: Up to $5,000
• Deadline: Preliminary round (April 2024); Second round (June 2024) (estimated)
• Who Should Apply: Candidates of Hispanic heritage accepted by an accredited program with a 3.0 GPA (or a 2.75 in combination with two years of full-time work experience) who are U.S. citizens
• About the Donor: Prospanica (formerly the National Society of Hispanic MBAs) was created to nourish Hispanic leadership through professional development and graduate management studies. Prospanica helps prepare Hispanics for leadership roles throughout the U.S. to provide sensitivity and cultural awareness in management positions. Prospanica Foundation’s Scholarships are designed for undergraduate and graduate students who want to achieve their full educational potential and make meaningful contributions to society.

• Amount: Basic cost of tuition
• Deadline: April 2024 (estimated)
• Who Should Apply: LGBTQ graduating high school seniors who are United States citizens
• About the Donor: Currently, the LEAGUE Foundation has four award categories for consideration, and each student application is automatically reviewed for each. The awards honor the memories of Laurel Hester, Matthew Shepard, Tyler Clementi, and Frank Duracher. The Laurel Hester and Matthew Shepard Memorial Scholarships are the LEAGUE Foundation’s highest awards. Since its establishment in 1996, the LEAGUE Foundation has awarded 220 college scholarships totaling $480,500 to self-identified LGBTQ and graduating US high school students.

• Amount: Up to $60,000
• Deadline: April 30, 2024
• Who Should Apply: Lesbian, gay, bisexual, and transgender candidates who are Asian/Pacific Islanders (at least 25 percent ancestry); graduates from a high school in one of the nine San Francisco Bay Area counties; between the ages of 17 and 25; involved in the LGBT community; and U.S. citizens or permanent residents
• About the Donor: Mr. Edward Cheng Ming Tang established this award in 2007 to provide financial assistance to LGBT Asian and Pacific Islanders (API) for higher education. This foundation aims to help LGBT youth proudly achieve educational pursuits and dreams without shame. This Edward Cheng-Ming Tang Scholarship awards up to 4 outstanding students annually, combined scholarships totaling up to $60,000, awarded over up to four years.

• Amount: Five scholarships of $2,000 each
• Deadline: April 2024 (estimated)
• Who Should Apply: Dependent children, grandchildren, and spouses of blinded veterans, and those of active-duty blinded service members of the U.S. Armed Forces are eligible for the scholarships. The veteran must be legally blind, and the blindness may be either service-connected or non-service-connected. Membership in BVA by the blinded veteran is not required. To be eligible for the scholarship, applicants must have been accepted for admission or enrolled as full-time students in an accredited institution of higher education, or business, secretarial, or vocational training school.
• About the Donor: The Blinded Veterans Association (BVA) is the only national Veterans Service Organization (VSO) chartered by the United States Congress and exclusively dedicated to assisting America’s blinded veterans and their families. It offers the Kathern F. Gruber scholarship for spouses, dependent children, and grandchildren of blinded veterans to assist them with their higher education tuition. This scholarship is awarded based on merit.

• Amount: There are three categories in which the recipients are selected (Gold, Silver, and Bronze). They receive a one-time grant to fund their college education or to fund a community service effort that tackles a social issue
• Deadline: November 2024 (estimated)
• Who Should Apply: Hispanic heritage students currently enrolled in high school who have a minimum unweighted GPA of 3.0
• About the Donor: Established in 1988, the Hispanic Heritage Foundation is a nonprofit that identifies, inspires, prepares, and positions Latino leaders in the community, workforce, and classroom to meet America’s priorities. Founded in 1998 by the Hispanic Heritage Foundation, the Youth Awards honors Latino high school seniors excelling in the community and classroom and for their excellence in various categories, including engineering, business and finance, entrepreneurship, healthcare and science, education, media & entertainment, technology, and social justice.

MBA Scholarships from Innovative Foundation and Corporate Benefactors

• Amount: Varies; In 2024, the Taco Bell Foundation will be awarding $10 million in Live Más Scholarships to fuel the boldest ambitions of students
• Deadline: January 3, 2024
• Who Should Apply: “Innovators, creators, and dreamers” who need support to pursue their passion through higher education
• About the Donor: Introduced in late 2015, the Taco Bell Foundation’s innovative new Live Más Scholarship helps students—including MBA candidates—carry out plans intended to benefit their local or global community by following their passions. In other words, the program attracts inspired students, primarily through age 26, with compelling missions to pursue unique higher education and career passions that may not necessarily fit into conventional “academic” scholarship categories. Besides financial support, the foundation also offers mentoring opportunities; recipients have interned with Taco Bell’s corporate social media and marketing teams over the last two years.

• Amount: $2,500 to $12,000
• Deadline: March 2024 (estimated)
• Who Should Apply: Italian-American students with an active NIAF membership. NIAF memberships are valid for one year from the registration date. (Students can use their parent, guardian, or grandparent’s membership.) Applicants must be United States Citizens or permanent residents enrolled in a US-accredited institution of higher education full-time and have a grade point average of at least 3.5.
• About the Donor: Founded in 1975, the National Italian-American Foundation (NIAF) is a non-profit organization with no political affiliations. Headquartered in Washington, DC, this nationwide organization is the largest and most loyal representative of the more than 20 million Italian-American citizens living in the United States. NIAF has awarded more than $10,000,000 in scholarships since its founding, thanks to the generosity of the Italian-American community. The foundation administers nearly 200 scholarships annually to Italian-American students studying various subjects.

Additional Resources for MBA Scholarships

Below are key resources used in preparing this guide that contains references to additional scholarships.

• Scholarship Connection Database (University of California, Berkeley)
• U.S. Citizen/Permanent Resident External Scholarships (Graduate School of Business, Stanford University)