Scholarships are a way to funnel in your dream schools around the world. We all know how much top Master in Business Administration (MBA) programs cost. If there are no such things as financial aid, pursuing an MBA abroad would be nearly impossible. Students from India focus energetically on their studies to get the most significant scholarships possible. But in many cases, students leave out these scholarships due to the lack of knowledge.
Scholarships to Study Abroad
Few countries are filled with international students pursuing MBA, and still, not many scholarships from here are available to them. For example, Norway, Korea, Japan, etc. It’s because fewer tie-ups and partnerships are there. While hoping for a scholarship, it’s essential to know things like these. Also, keep in mind that not all scholarships cover your tuition fee.
The significant locations for scholarships from here in India are; the USA, Australia, Europe, and a few Asian countries. These are the top destinations for studying abroad anyway. Make sure you get the scholarships differentiated based on country. Suppose later on you choose an MBA in the Australia. Then you start applying for scholarships relevant to a different country; it’s a waste of time.
Scholarships for MBA if Different Countries
Naming all the scholarships for each mentioned location is a tiring process. So instead of posting all scholarships that are not even applied in many cases, here are some top location-wise scholarships that cover a big part of your finance:
Scholarships for MBA in the USA –
- Asian Women in Business Scholarship Fund
- Full-Bright Nehru Research Fellowship
- Tobaccowala Scholarship
- N. Bose Scholars Student Exchange Program for Indian Students
Scholarships for MBA in Australia –
- India Global Leaders Scholarship
- University of Adelaide Ashok Khurana Scholarship for Indian Students
- University of New South Wales (UNSW Sydney) Future of Change India Scholarship
- University of Queensland Postgraduate Coursework Scholarships
Scholarships for MBA in Europe –
- British Council GREAT scholarships for Indian Students
- Charles Wallace India Trust Scholarships
- Sussex India Scholarships
- UWE International Scholarships
Scholarships for MBA in Asia –
- Aichi Scholarship Program for Asian Students in Japan
- DST A*STAR Call for Singapore-India Joint Research Grants
- HM King’s and HM Queen’s Scholarships for Asian Students in Thailand
- Silk-Road Scholarship Program at Seoul National University
How Does Scholarship Work?
When you apply for a scholarship abroad, it is not subject to your selected program. Specific course scholarships are scarce and not very useful. Let’s face it; every student looks for alternatives if they find a better one. So what happens if you suddenly choose to select a different program than before? Do your scholarship options fade away? Do you start over? Or does it become another thing?
The answer is ‘NO’ to all that. In general, the scholarships are designed to fit a degree-level program. So, for example, if you are going for an MBA abroad, all available scholarships will apply to the program-level courses (location and university dependent). In simpler words, scholarships are mainly designed for master’s programs or bachelor one. Therefore if you see a common scholarship for two different subject programs, don’t be alarmed. It’s a study abroad scholarship, not a program scholarship.
How to Apply for a Scholarship?
The process of a scholarship starts after you receive your admission letter for the MBA program. You can not start the official procedure for scholarships until you get your admission. It will be necessary to mention your program and other details to get the best results. However, you can use a draft to get an idea first.
You will be required to visit the NSPR (National Scholarship Portal Registration) to start your scholarship process. Start by registering, then log into your account via the credential you get from registration. Remember to change your password at least once (mandatory). After that, you can start applying to the application and submit your documents. Your application will then be complete.
Read More: Raising a Business to 8 Figures Without Funding
Conclusion
Scholarships for MBA abroad are not some new topic. In general, almost all students get qualified for some scholarship. However, keep your eyes and ear open on recent developments in financial aid. There are kinds of scholarships we don’t even know totally about.
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