The Graduate Management Admission Test (GMAT) has always been a crucial step for candidates aspiring to pursue a graduate Management program. Over the years, the GMAT has evolved to meet the changing needs of Business Schools and candidates, ensuring that it remains a relevant and reliable assessment tool. While the top business schools in the world promise excellent career opportunities, the mountainous tuition fees act as a financial hurdle for many aspirants. In such cases, GMAT scholarships emerge as a helping hand for many candidates, offering financial assistance that can make a transformative education within reach of all, irrespective of their socio-economic situations. In this article, we will explore the various scholarships that are available for Indian students who are using GMAT to pursue their higher education abroad. Scholarships play a crucial role in making education more accessible and affordable, and knowing the options available can greatly benefit aspiring students. Let’s delve into the scholarships offered by different universities, their eligibility criteria, and the estimated amounts provided based on various sources.
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Stanford Graduate School of Business:
| Scholarships | Awarded to | Amount in USD (Approx) |
|---|---|---|
| Stanford Reliance Dhirubhai Fellowship | 5 students who will return to India after the program ends to work for an Indian organization at least for two years | 150,000 |
Wharton School of Business:
| Scholarships | Awarded to | Amount in USD (Approx) |
|---|---|---|
| Joseph Wharton Fellowship | Students with excellent professional, personal, and academic records | 80,432 |
| Emerging Economy Fellowship | Candidates for two two-year MBA program | 55,847 |
| Social Impact Fellowship | Students with an interest in serving non-profit organizations. | 30,000 |
Harvard Business School:
| Scholarships | Awarded to | Amount in USD (Approx) |
|---|---|---|
| Horace W. Goldsmith Fellowship | ~10 first-year MBA students with experience of working in a non-profit organization. | 10,000 |
| HBS Fellowship Program | Students with minimal financial resources to pursue higher education. | 40,000 (Per year) |
Berkley Haas School of Business:
| Scholarships | Awarded to | Amount in USD (Approx) |
|---|---|---|
| DR. Tahir Fellowship | Students of undergraduate degree programs from an Asian country | 40,000 |
Booth School of Business:
| Scholarships | Awarded to | Amount in USD (Approx) |
|---|---|---|
| Akhtar Ali H. Tobaccowala Scholarship | Indian students for a full-time MBA program. | – |
| The Zonis Fellowship | Students with exemplary academic, extracurricular, and leadership records. | – |
| The Indian Trust Fellowship | Two fellowships are provided by the University of Chicago Booth School of Business every year. | 10,000 |
Kellogg School of Management:
| Scholarships | Awarded to | Amount in USD (Approx) |
|---|---|---|
| Kellogg Scholarship | Full-time MBA students on with academic and leadership excellence | – |
| Kellogg Finance Network Scholarship | Students of MBA Finance | – |
London Business School:
| Scholarships | Awarded to | Amount in USD (Approx) |
|---|---|---|
| B.K. Birla MBA Scholarship | 10 students of business programs | 2,12,12,775 for 10 students |
Tuck School of Business:
| Scholarships | Awarded to | Amount in USD (Approx) |
|---|---|---|
| Forte MBA fellowship for Women | Female students of MBA based on merit. | 28,263 |
| The Willard M. Bollenbach Jr. 1949 Fund | Students with excellent academic achievement. | 10,000 – 29,290 |
INSEAD:
| Scholarships | Awarded to | Amount |
|---|---|---|
| INSEAD Christina Law MBA ’91D Endowed Scholarship for Asian Women | Female students with academic achievements who have completed all their studies in Asia and showed the desire to work for their country. | 12,000 euro |
Where to Prepare from?
One must clear the GMAT to get admission into top B-schools of the world. If you are looking for structured preparation along with 24*7 doubt-solving, you can rely on iQuanta’s Course. Practice the most relevant content with iQuanta.
