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Pursuing an MBA is a significant investment, and the ISB PGP YL Scholarships make this journey more accessible for deserving candidates. These scholarships are designed to reward merit, support financial need, and encourage impactful careers. With nearly 40-50% of students benefiting from scholarships, ISB ensures that financial constraints don’t stand in the way of talented individuals pursuing their dreams.
In this guide, we’ll explore the various types of ISB PGP YL Scholarships, their eligibility criteria, and tips to help you secure financial aid. Whether you aim for a merit-based scholarship or require support through a need-cum-merit program, this article has everything you need to get started.
Types of Scholarships Offered for ISB PGP YL
ISB PGP YL program offers a range of scholarships to make education more accessible and encourage diverse talent. These scholarships cater to both academic excellence and financial needs, ensuring that deserving candidates receive the support they need.
Merit-Based Scholarships
- Designed for candidates with exceptional academic and professional achievements.
- Covers up to 100% of tuition fees, making it one of the most prestigious scholarships for ISB PGP YL.
- Awarded based on a comprehensive evaluation of academic records, GMAT/GRE scores, and overall profile excellence.
Need-cum-Merit Scholarships
- Tailored for students who demonstrate a combination of financial need and academic merit.
- Covers partial tuition fees, with the amount varying based on the candidate’s financial situation and accomplishments.
- Requires documentation like income proof and a strong essay highlighting financial challenges and career goals.
ISB Develop India Scholarship
- Specifically designed to support students committed to India’s growth and development.
- Encourages candidates who plan to pursue careers in public service, social impact, or other high-impact sectors.
- Aims to nurture individuals who will contribute meaningfully to India’s progress.
Top ISB PGP YL Scholarships
The ISB PGP YL Scholarships offer a variety of opportunities to help students fund their MBA journey, whether through merit-based rewards, financial assistance, or special initiatives. These scholarships are not only designed to recognize academic excellence but also to support candidates with diverse backgrounds and aspirations. In this section, we’ll explore the top scholarships available for ISB PGP YL students, highlighting the key benefits and eligibility criteria for each one. These scholarships can significantly reduce the financial burden, allowing you to focus on making the most of your MBA experience at ISB.
1. Scholarships by ISB
| Category | Name of the Scholarship | Description | How to Apply? | Scholarship as % of Tuition Fee | Mode of Disbursal |
|---|---|---|---|---|---|
| Merit | Dean Don Jacob's Memorial Scholarship | Awarded to an applicant high on merit | No separate application required | 50% | Waiver |
| Merit | Prof. Manasa Mandava Memorial Scholarship | Awarded to a woman applicant high on merit. It will be awarded in two tranches, the first tranche 25% of the tuition fee at the start of the programme and the second after completion of the core terms. | No separate application required | 50% | Waiver |
| Merit | ISB Merit Waiver | All applicants will automatically be considered for the available merit-linked tuition waivers. | No separate application required | 25%-100% | Waiver |
| Diversity | ISB Merit by Diversity Waiver | The applicants coming from diverse backgrounds in education or profession and high on merit will be considered. | No separate application required | 25%-100% | Waiver |
| Diversity | International Diversity Waiver | The applicants with international passport and high on merit will be considered. | No separate application required | 25%-100% | Waiver |
| Need-cum-Merit | ISB Need-cum-Merit Waiver | Family income not more than INR 18,00,000 (including applicant’s pre-ISB income) | Essay and Proof of income for self and family | 25% | Waiver |
| Diversity | AIESEC – ISB Waivers | The applicants who are also AIESECers can apply for this waiver. | Essay and proof of AIESEC | 25% | Waiver |
| Diversity | Bridge to India Waiver | Applicants who are currently working abroad and are planning to come back to India can apply. | Essay | 25% | Waiver |
| Diversity | Armed Forces Scholarship | Offered in honour of the armed forces personnel, who while risking their lives, are continuously at the helm of keeping our nation safe. | No separate application required | 50% | Waiver |
2. Scholarships Supported by Donor
| Category | Name of the Scholarship | Description | How to Apply? | Scholarship as % of Tuition Fee | Scholarship Amount in Lakhs | Mode of Disbursal |
|---|---|---|---|---|---|---|
| Merit | Bajaj Auto Scholarship | Bajaj Auto sponsors three merit-based scholarships. The awardees of this scholarship are known as "Bajaj Auto Scholar". | No separate application required | 100% | N/A | Waiver |
| Merit | Deepak Parayanken Tuition Waiver | Deepak Parayanken, alumnus of PGP Class of 2011 sponsors two merit-based scholarships, at least one for a female student. | No separate application required | N/A | 15 | Waiver |
| Need-cum-Merit | Need-cum-Merit Scholarship (Anonymous Donor) | The donor has sponsored need-based scholarships for the PGP programme. The scholarship amounts will be paid into the awardees' accounts after enrolment. ISB Need-cum-merit based criteria. | ISB Need-cum-merit based application | 25%-100% | N/A | Paid to student's account |
| Need-cum-Merit | Anonymous Donor | The donor has sponsored need-based scholarships for the PGP programme. ISB Need-cum-merit based criteria apply. | ISB Need-cum-merit based application | 25% | N/A | Waiver |
| Merit | Alumni Endowment Fund Tuition Waiver | The Alumni Endowment Scholarship awards two merit-based scholarships to the students of the PGP programme every year. | No separate application required | 25% | N/A | Waiver |
| Diversity, Need & Merit | Visiting Faculty Scholarship | The visiting faculty scholarship is awarded to an international student of the PGP programme every year. | No separate application required | 25% | N/A | Waiver |
| Need-based | Ramesh C. Khanna Nurture India Scholarship | Amit Khanna, alumnus of PGP Class of 2004, has instituted this need-based scholarship and it is awarded to students who are the sole earning members of their family. An essay needs to be submitted. | Essay and supporting documents | 25% | N/A | Waiver |
| Diversity or Need | Ishwar Prakash Agarwal Scholarship | Alok Aggarwal, alumnus of PGP Class of 2004, has instituted a scholarship for differently/specially abled. If none qualifies, this scholarship will next be offered to Women returning back to work after sabbatical/raising family. | Essay and supporting documents | N/A | 6 | Waiver |
| Merit or Need | Aakash Tuition Grant | Aakash Chaudhry, alumnus of PGP Class of 2004, has instituted a need/merit-based scholarship for the PGP Programme. | No separate application required | N/A | 5 | Waiver |
| Need-based | Jagannath Arora Scholarship | Sponsored by Neeraj Arora, alumnus of PGP Class of 2006, awarded to a student following ISB Need-cum-merit based criteria. | ISB Need-cum-merit based application | N/A | 5 | Waiver |
| Need-based | PGPMAX Co 2012 Scholarship | Sponsored by the Alumni of PGPMAX Class of 2012, awarded to applicants coming from the social sector. Applicants will have to submit an essay on "Giving back to society". | Essay and supporting documents | 25% | N/A | Waiver |
| Need-cum-Merit | Vidula Jalan Scholarship | Instituted in memory of Late Vidula Jalan, an alumna of the School from the PGP Class of 2003, this scholarship is awarded on a need-cum-merit basis to two PGP students (one female and one male). | ISB Need-cum-merit based application | 100% | N/A | Waiver / Refund |
| Diversity cum Merit | Indira - Vasudha Scholarship | Yashraj Erande, alumnus of PGP Class of 2006, has instituted a tuition waiver to be granted annually to one female PGP candidate. The waiver will cover up to 25% of tuition fees based on merit. | Application for the tuition waiver | Up to 25% | N/A | Waiver / Refund |
3. Scholarships given to graduating students of ISB
| Category | Name of the Scholarship | Description | How to Apply? | Scholarship as % of Tuition Fee | Mode of Disbursal |
|---|---|---|---|---|---|
| Need | ISB's Develop India Scholarship | This scholarship has been instituted by the school to help graduating students of ISB venturing into social impact start-ups, Non-Profit/NGO, and the Development sector, or are returning to the PSU/Govt sector and have an educational loan. | Application with SOP | EMI up to 24 months | Paid to the student's loan account |
How to Apply for ISB PGP YL Scholarships
Applying for ISB PGP YL Scholarships involves several steps to ensure that you meet the eligibility requirements and submit a competitive application. Here’s a step-by-step guide to help you through the process:
Apply for Admission to ISB PGP YL
Before applying for a scholarship, you must first apply and be admitted to the ISB PGP YL program. Scholarships are only available to admitted students. The admission process typically includes submitting an online application, providing academic records, a GMAT/GRE score (if required), and recommendation letters.
Check Eligibility Criteria
Make sure you meet the eligibility requirements for the scholarships you are interested in. Scholarships at ISB are available based on merit, need-cum-merit, and diversity. Review the specific criteria for each scholarship, such as academic achievements, financial need, or background (e.g., for the International Diversity Waiver, applicants must have an international passport).
Prepare Documents for Scholarships
Depending on the scholarship type, you may need to submit specific documents:
- For Need-cum-Merit Scholarships: You’ll need to provide proof of income for both you and your family, along with an essay that explains your financial need.
- For Diversity Scholarships: A personal statement or additional documents proving your background may be required.
- For Merit-based Scholarships: No separate application is required, as all applicants will be automatically considered based on their application and interview performance.
Submit Scholarship Essays (If Applicable)
For scholarships like the AIESEC-ISB Waiver or the Bridge to India Waiver, you may be required to submit an essay that outlines your achievements, career goals, and how the scholarship will support your education.
Wait for the Results
ISB’s admissions committee will review both your application for admission and your scholarship eligibility. If awarded a scholarship, you will be notified as part of your admission package.
Accept the Scholarship
Once you receive a scholarship offer, you may need to accept the scholarship formally. This is often done by confirming your enrollment at ISB and agreeing to the terms of the scholarship.
Conclusion
In conclusion, the ISB PGP YL Scholarships offer a wealth of opportunities for talented students looking to pursue their MBA at one of the world’s top business schools. Whether you're a high achiever looking for merit-based funding, a student with financial need, or someone from a diverse background, there are several scholarships available to help reduce your financial burden. The combination of merit-based, need-cum-merit, and diversity-focused scholarships makes ISB’s PGP YL program accessible to a wide range of students.
As one of the premier MBA colleges in India, ISB stands out for its commitment to making education more accessible. By understanding the eligibility criteria and applying early, you can increase your chances of receiving one of these prestigious scholarships and take a significant step toward achieving your academic and professional goals.
