MBA Scholarships for Women

MBA Scholarships for Women

Women who are thinking of pursuing an MBA as their dream career and want to ride their independent and prosperous life will be your chance to live an exciting and fruitful journey. When you possess the talent, skills, motivation, and the desire to reach new heights, financial considerations should not deter you. While student loans are an option, there are extensive opportunities for MBA scholarships specifically designed for women to foster their career development.

This article mentions the business schools and foundations providing MBA scholarships for women in this article.

The provision of merit-based MBA scholarships for women aims to inspire outstanding professional women to enroll in MBA programs and acquire the leadership skills necessary for advancement in the business world.

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Before delving into the detailed process, initiate your exploration with business schools as many of them provide grants and scholarships for women based on academic excellence, achievements in sports, belonging to a minority group, and various other criteria.

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MBA Scholarships for Women from Business Schools

Business SchoolScholarship NameEligibilityAmount
Australian Graduate School of Management (AGSM)AGSM Emerging Female Leaders ScholarshipsHigh-achieving female leaders in the first five years of their careerAUD 50,000 (approx. USD 34,605)
AGSM Women in Leadership ScholarshipsHigh-achieving female leadersAUD 50,000 (approx. USD 34,605)
Alliance Manchester Business SchoolThe 30% Club Female Business Leaders ScholarshipFemale candidates with exceptional academic achievement and leadership potentialFull tuition
Alliance Manchester Business School Women in Business ScholarshipsFemale students of all nationalities, awarded on a rolling basis10-25% of tuition fees
ESADE Ramon Llull UniversityWomen of the World ScholarshipWomen of all nationalities and backgrounds with financial needNot specified
The ESADE Women in Business ScholarshipMBA women candidates with significant work experienceNot specified
Scholarship for Women LeadersMBA women candidates with outstanding leadership skillsNot specified
ESCP Europe Business SchoolMBA in International Management Scholarship for Women LeadersSelf-funding female applicants demonstrating excellence in leadership€15,000 (approx. USD 16,782)
EuroMBAWomen in Management ScholarshipFemale candidates with outstanding academic achievement and professional excellenceUp to €10,000 fee reduction (approx. USD 11,188)
IE Business SchoolIE Women Scholarship and Mentoring ProgramOffered to MBA candidates40% of tuition plus six months of mentoring
IE Women’s Leadership ScholarshipAdmitted to MBA or other programs at IE30% of all costs
IE Women’s ScholarshipOpen to women admitted to any master’s program40% of tuition
Queen Rania Foundation Scholarship for Women LeadersOpen to Jordanian womenThree scholarships covering 40% of all costs
IMDStewart Hamilton Scholarship for WomenFemale candidates from developing countries with strong overall applicationCHF 50,000 (approx. USD 55,200)
Nestle Scholarship for WomenPreference for women from developing countriesCHF 50,000 (approx. USD 55,200)
Imperial College Business SchoolImperial Women’s ScholarshipsFemale candidates demonstrating exceptional academic achievement and professional excellenceVariable

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Other Types of MBA Scholarships for Women 

Forté Foundation scholarships for Women

Forte foundation awards scholarships to female MBA students who are enrolled at participating business schools. Recipients of the award must exhibit strong leadership ability, maintain consistent academic excellence, and demonstrate a passion for working towards addressing women’s issues. The Forte Foundation actively seeks diversity among its scholarship recipients.

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Although there is no minimum GMAT and GRE scores specified to avail this scholarship, however, by reviewing the eligible class of this scholarship since 2023, candidates must aim a GMAT score of above 700 and a GPA score of above 3.6 to be eligible for the Forte scholarships for women. It is also advisable to have a minimum work experience of at least 6 years or equivalent to 6 years work hours.

There are several business schools that offer this Forte scholarships. However, the final decision on whether to select the candidate for the scholarship depends solely on the school. However, the general process of selection is as follows:

  • Student applies to Forté partner business school
  • After applying, student receives an offer of admission into Forté partner school’s MBA program
  • Student receives consideration for all scholarship opportunities through that institution
  • Partner school selects its Forté Fellows
  • Partner school notifies Forté of its selections

Laidlaw Scholarships

The Laidlaw Scholarship is a distinguished program designed to develop the next generation of leaders through academic research, leadership training, and global networking. The scholarship may cover either the entire MBA fees or half of the MBA fee. This scholarship is valid only at Reuben College, a specific college within the University of Oxford. However, you can apply for this scholarship irrespective of your college and state. Once you are selected, you will be transferred to Reuben College to take up the scholarship.

The evaluators shortlist candidates who showcase exceptional leadership potential in their field, Academic excellence evidenced through degree results, excellent GMAT or GRE score and other academic achievements, etc.

AG Bell College Scholarship

This organization offers financial support to women pursuing their MBA full-time and facing a hearing disability. The hearing loss must be in both ears and must have been diagnosed by age seven. The students are allowed to have a major in any form of business. The amount of funding available varies yearly, depending on the budget.

To learn more about how you can secure scholarships in your target schools, join us for our coffee chat with alums and students of top schools.

AICP Scholarships

AICP provides one of two scholarships for women pursuing an MBA in business management or finance, residing in either Virginia or Iowa. Residents of Iowa are eligible for a $500 scholarship, while those in Virginia can receive a $1,000 scholarship. Applicants must maintain at least a 2.75 GPA and are required to submit an essay outlining their career goals in the field of actuarial business.

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C200 Scholars Award

This organization offers scholarships to women who are first-year MBA students. Each award recipient will receive $25,000 in funding for her education. Committee members of C200 will interview finalists to determine which will be awarded the scholarship.

Applicants are required to furnish evidence of their academic records, multiple recommendations, and prior work experience. Additionally, they need to submit a comprehensive essay detailing the motivations behind their decision to pursue a business degree.

Business Achievement Awards

Women who are working toward their MBA and are members of the Golden Key organization may apply for this scholarship. Three scholarships will be awarded to qualified applicants in the amount of between $1,000 and $2,000.

Congressional Hispanic Caucus Institute Scholarship Awards

This scholarship is awarded to Hispanic Americans, Mexican Americans, and Puerto Rican women enrolled in an MBA program. The scholarship amount is $5,000, intended to cover various school-related expenses.

Cronk Opportunity Scholarship

Women pursuing an MBA and who are active members of the Evangelical Lutheran Church of America are eligible to apply for this scholarship. The scholarship provides $1,000 in funding, intended for educational expenses. All applicants must be 21 years or older to qualify.

Many more scholarships are available for women; these are the most preferred ones. Hope you find this article helpful and are all set to fly high with your wings. If you have any queries, feel free to reach out; our experts from various industries would love to help you.

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Best of luck with your dream career, Ladies!

Frequently Asked Questions

1.

Can MBA scholarships for women be renewed annually

Some scholarships may be renewable for the second year of a two-year MBA program, provided you maintain academic and leadership standards. However, most scholarships are one-time awards, so it’s important to confirm renewal terms with the provider.

2.

Do MBA scholarships for women cover full tuition

Some scholarships may cover the full tuition, while others may only provide partial financial aid. Many scholarships aim to lessen the financial burden but may still require students to seek additional loans or financial aid to cover the remaining costs.

3.

What is the application process for MBA scholarships for women

The process varies depending on the scholarship. Some are awarded automatically based on your MBA application, while others may require a separate application, which could include: Essays outlining your career goals and commitment to promoting gender diversity. Letters of recommendation. Academic transcripts. Proof of leadership experience or community involvement

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