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Best MBA Scholarships in USA for Indian Students 2023

Get Over 50% of your Tuition Fee covered as Scholarships

The United States of America is home to some of the world's most prestigious universities, and a Master of Business Administration (MBA) degree from one of these universities is highly sought after by many aspiring business professionals. To help these individuals achieve their educational goals, various scholarship opportunities are available, ranging from merit-based awards to need-based grants. These scholarships provide invaluable financial assistance to students who want to know how to get a scholarship for MBA in USA, enabling them to complete their studies with fewer financial constraints.

The MBA scholarship in USA is a valuable opportunity for those looking to further their education. It provides financial support to those who qualify and can be accessed through a wide range of schools and universities across the country. The scholarship covers tuition fees, books, and other academic expenses, and can be used for any type of MBA program.

The application process is usually straightforward and applicants should make sure to provide all required documents in order to be considered for the scholarship. Qualified individuals can benefit from this opportunity, as MBA in USA scholarship offers a great way to reduce the cost of higher education in the US.

Cost of studying MBA in USA


The cost of studying for an MBA in the United States can vary significantly, depending on the type of program and institution you choose. Generally, most MBA programs in the US will range from $50,000 to $90,000 for tuition alone. Total expenses may cost around $150,000- $1,80,000 per annum which include food, accommodation, travel, stationary, clothing, food, internet and miscellaneous.

Fortunately, there are a variety of scholarships available to help offset these costs and make an MBA education more accessible to everyone. Many universities offer a merit-based scholarship for MBA in USA opportunities for students with outstanding academic records and leadership skills. Additionally, there are a number of outside organizations that provide scholarship for MBA in USA for students.

 Stanford Knight-Hennessy Scholars Program - Stanford Business School

Scholars are eligible for MBA Scholarship in USA to apply for a limited duration, three-year fellowship, contingent upon the length of their degree. In addition to this financial support, they will also receive an annual stipend for living expenses and journey allowances along with any necessary travel costs pertaining to one annual visit back and forth from Stanford.

 Harvard Business School Scholarships - Harvard University

HBS is proud to support this venture by providing need-based awards to both domestic and international students. HBS Scholarships are unconditional gifts that do not require repayment. About half of our undergraduate students receive one, with an average award equaling $42,000 annually - or roughly $84,000 in total.

In August of 2022, HBS made a profound announcement: it will be providing a fully affordable MBA in USA for Indian students assistance with the greatest financial need and is also introducing MBA scholarships in USA for students from middle-income backgrounds.

The financial aid team assesses the applicant's eligibility for MBA in USA Scholarship based on a myriad of criteria, including:

  • Gross income from the prior three years
  • Assets
  • Socioeconomic background
  • Undergraduate debt

McKinsey Award

You will be invited to join a series of events designed to foster networking and enhance your academic or professional advancement. During these get-togethers, our colleagues can offer an inside look into their varied backgrounds - from home countries all the way across continents - while also learning about why they have chosen Oxbridge as their destination school. A sponsorship for MBA in USA scholarship of $2,500 USD will be provided. This sponsorship is intended for use towards supporting this process and achieving personal growth on multiple levels!

Stanford Reliance Dhirubhai Fellowship 

The prestigious Stanford University Scholarship Program is generously funded by Reliance Industries and offers financial assistance to students who may not otherwise be able to afford an MBA degree. Applicants receive scholarships covering at least 80% of their tuition fee and associated fees, enabling them to fully participate in their education journey.

This scholarship awards a maximum grant of INR 70,70,000 or $94,915 per year to fellows from India. The amount awarded differs for each candidate and depends on their application; all must be in compliance with Stanford's Reliance Dhirubhai Fellowship requirements while doing an MBA at Stanford.

This MBA scholarship in USA covers:

  • Tuition fee
  • Living expenses
  • Health Cover

Horace W. Goldsmith Fellowship, Harvard Business School

The Horace W. Goldsmith Fellowship provides remunerative grants of approximately $10,000 for seven to ten (710) first-year MBA students who have demonstrated leadership and a remarkable commitment to working in the nonprofit sector.

Eligible recipients of this fellowship have served in full-time leadership roles within the nonprofit or public sector before enrolling at HBS, and demonstrate a compelling commitment to pursuing a career in the sector. Furthermore, notable alumni who have been awarded fellowships are actively engaged with past winners as part of an effort to create lasting connections between University community members interested in working for social good.

More than 100 students have received this award

Dean’s Scholarship 

The Deans' Scholarship is one of Sterns' most prestigious awards and is bestowed upon a select group of our most accomplished applicants. This full tuition grant bears the name "Raghu Sundaram" in recognition of Dean Rangarajan's generosity and provides an unparalleled opportunity to converse with the esteemed Dean himself.

2023-2024 Fulbright-Nehru Master’s Fellowships

The Fulbright-Nehru Awards are a prestigious grant scheme that empowers talented students, academics and professionals to study, conduct research and teach in their host country. In order to be considered for this opportunity, Indian scholars must undergo an application process with rigorous interviews before being selected; Before applying they should know how to get scholarship for MBA in USA. Upon accepting the awardees receive ample funding for visa processing along with pre-department orientation that is geared towards assisting successful settlement into their new environment.

Types of MBA Scholarships For Indian Students


 Need-based scholarships

Need-based scholarships are an important resource for MBA students in the US. These MBA in USA scholarships are designed to provide financial assistance to students who demonstrate a financial need for help in paying for their education.

Many MBA programs offer need-based MBA scholarships in the USA to help reduce the cost of tuition and fees, making it easier for students from any background to pursue higher education. MBA Scholarship in USA can be used towards tuition, books, and other educational expenses, making them an invaluable resource for those who need assistance.

Merit-based scholarships

Merit-based scholarships for MBA programs in the United States are an excellent way to help offset the cost of tuition and fees. These scholarships are usually based on an applicant's academic achievements, such as GPA, test scores, or other accomplishments.

These scholarships can be offered by universities, organizations, or companies and provide recipients with full or partial tuition coverage. Merit-based scholarships can be a great way to finance a MIM degree or MBA degree in the United States, allowing students to pursue their educational dreams without having to take on a large debt load.

Scholarships for international students

For international students looking to pursue an MBA scholarship in the USA, there are plenty of scholarship opportunities available. Many universities and colleges offer dedicated scholarships for international students, providing financial support to help cover tuition fees and other related costs. Additionally, there are a number of organizations and private businesses that provide scholarship programs specifically for international MBA students. Researching these options is key to finding the right scholarship and taking advantage of the available funding.

Government-based scholarships

The US Government has made numerous scholarships available to MBA students in the US. These grants are designed to help students fund their education and reduce the financial burden associated with earning an MBA. Additionally, state governments may also provide additional scholarships or grants to help students pay for their education. Researching these opportunities is essential for any student looking to find additional sources of financial aid.

Documents required to be eligible for MBA Scholarship in USA


 In order to be eligible for scholarship opportunities, applicants must submit the following documents:

  • Academic scores copy (GPA)
  • Statement of Intent
  • Standardized test scores ( GRE, GMAT )
  • Photo ID/Passport (Aadhar card in certain cases)
  • Admission Card Application
  • Language proficiency proof (IELTS, or TOEFL exam scores)
  • Statement of Purpose
  • Recommendation letter


In conclusion, an MBA scholarship in the USA is an excellent way to assist students in pursuing their dreams of higher education. It provides financial stability and encourages students to explore their career paths.

With the help of scholarships, students are able to gain the knowledge and experience necessary for success in the business world. With a variety of scholarships available, students can find the perfect fit for their needs. 

How can we get full scholarship in USA for MBA?

Understanding how to get scholarship for MBA in USA can be a daunting task. The competition for these scholarships is fierce, and there are many criteria that need to be met in order to qualify. The most important factor is usually academic excellence, as well as financial need. Additionally, many scholarships require applicants to have a high level of professional experience and demonstrate leadership potential. Those interested in pursuing an MBA in the US should research all available scholarship for MBA in USA and take steps to ensure their application stands out from the competition.


Do Indians get scholarship for MBA in USA?

Indian students looking to pursue an MBA in the United States. They can take advantage of numerous scholarship opportunities. While there are a variety of scholarship options available, the most well-known ones for Indian students include the Fulbright Scholarship and the Tata Scholarship. Each of these scholarships offers Indian students the chance to finance their MBA by taking scholarship for MBA in USA with varying levels of tuition coverage and additional benefits such as living stipends. Additionally, many universities in the United States offer specialized scholarships for international students. The combination of these scholarships and other forms of financial aid can make obtaining an MBA in the United States a much more feasible goal for Indian students.

Can I study MBA in USA for free?

Studying for an MBA in the United States can be expensive but there are a number of options to help reduce the costs, including scholarships. Scholarships can come from universities themselves, other organizations, and even private donors. While the requirements and amounts offered vary, they can provide a significant boost to help you cover tuition fees and other related costs. Be sure to research the available scholarships, both at the university you’re interested in attending and elsewhere, to ensure that you don’t miss out on any potential opportunities. 

Is a 100% MBA scholarship available?

The MBA program is a popular and in-demand degree for those aiming to pursue a career in business, and an MBA scholarship can help make that goal a reality. In the United States, there are a variety of different MBA scholarships available to those looking to fund their educational journey. These scholarships range from need-based awards to merit-based awards, providing a wide range of options for prospective students seeking financial assistance. By researching these scholarships and applying for any that fit the individual’s qualifications and goals, students can make their dream of completing an MBA program more attainable.


Is it hard to get MBA scholarship?

Obtaining MBA scholarships can be a difficult process, especially in the United States. While there are a variety of scholarships available, they often come with strict eligibility requirements that can make it challenging to qualify. Additionally, the competition for some of the most prestigious scholarships can be fierce, and applications need to stand out from the crowd. As a result, students applying for an MBA scholarship in the US should ensure they have a high GPA and any other qualifications that may help their application stand out.

What is the eligibility criteria for MBA scholarship?

MBA scholarships in the US are a great way to reduce the cost of tuition and can be available to students in a variety of circumstances. In order to be eligible for an MBA scholarship, applicants must typically demonstrate academic excellence, extracurricular involvement, financial need and/or a commitment to a specific field of study. Additionally, many MBA scholarships have additional criteria such as being a member of a particular community or organization or having been employed in a particular role or industry. It is important for aspiring MBA students to research the criteria for different scholarships to maximize their chances of receiving one.


Know Your Author
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Rohit Rajaram
Study Abroad Expert
Rohit is a results-driven individual with a strong background in Education Mentorship, Program Management and Business Development. Holding a Master's degree in Management from ESCP Business School in Paris, Rohit combines academic excellence with extensive industry experience. Throughout his career, Rohit has consistently delivered exceptional results, driving sales, increasing turnover, and achieving targets. Known for his strategic acumen, Rohit formulates and executes successful business strategies, enhancing operational quality, customer satisfaction and key bottonline drivers. As the Co-Founder of MiM-Essay, a leading Early Career Degrees application consulting company, Rohit has successfully mentored over 10,000+ students, enabling them to secure admissions in top-ranked schools worldwide with significant scholarships. Under his leadership, the company has maintained high-quality service and exceptional client satisfaction rates. With expertise in analytics, product development and business excellence, Rohit has successfully driven the success of various initiatives. Committed to constant innovation, he is expanding the company's offerings by introducing digital and technology-powered products for comprehensive education solutions.
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