In the top 25 business schools in the US, over US$200 million are offered as scholarships in a year.
It’s easy to understand why – there are plenty of testimonies on the transformative power of scholarships to help those who aren’t financially able to further their education and accomplish great things in life. Business schools are willing to spend for the most sought-after candidates with the expectation that their later success will reflect well on the institution.
With rising tuition and living costs, knowing business schools are willing to sponsor talented applicants is welcome news. For international students, and especially those from less advantageous backgrounds, doubly so.
There’s no time to lose. Below is a list of scholarships you still have time to apply for:
1. DAAD Development-Related Postgraduate Courses (EPOS)
DAAD is short for the Deutscher Akademischer Austauschdienst, which translates to the German Academic Exchange Service. One of the development-oriented postgraduate study programmes eligible for scholarship applications is the University of Leipzig’s MBA programme.
Combining research and practice, it specialises in small and medium-sized enterprise development. Graduates with at least two years’ professional experience can apply for the scholarship which includes monthly payments of 850 euros for graduates (depending on academic level); payments towards health, accident and personal liability insurance cover; and travel allowance.
Deadline falls on October 1, 2019.
2. IMD Stewart Hamilton Scholarship for Women
Professor Hamilton was a professor of accounting and finance at the Institute for Management Development Business School in Lausanne, Switzerland. Upon his death in 2014, his family initiated this scholarship with the help of gifts from alumni who provide funding for it.
Worth CHF50,000 (US$50,470), it is open to female citizens of a developing country with a strong overall application. Link to the scholarship application form for the MBA Class of 2020 can be found here.
Applicants need to reflect upon the case study ‘Hollinger and the Downfall of Conrad Black’ and submit a 750-word essay on: What, in your view, were the failings in the Hollinger corporate governance system? What personal learnings have you drawn from your analysis of the case study?
Deadline falls on September 30, 2019.
3. Nestlé Scholarship for Women
Another scholarship offered at the IMD is the Nestlé Scholarship for Women.
A needs-based scholarship worth CHF25,000 (US$25,235.00), preference are given to women from developing countries including but not limited to African female Students. Applicants have to submit a 750-word essay on: “Many have argued that greater diversity in the top management team of an organization is good for profits and customers. What would you recommend as ways to achieve greater diversity?”.
Deadline falls on September 30, 2019.
4. AAUW International Fellowship
The American Association of University Women (AAUW) promotes equity and education for women and girls. The fellowship is open to women who are not US citizens or permanent residents to pursue full-time graduate or postdoctoral study in the US.
Those with a proven record of in the advancement of women and girls through civic, community, or professional work will be given preference. For Master’s/first professional degree, the fellowship amount will be US$18,000.
Applications for AAUW International Fellowships are open August 1–November 15.