20 Best MBA Scholarships For Women in 2023
These days, MBA scholarships for women are a highly desired degree among students. Have you decided on the institution where you wish to get your MBA? Have you thought through how you will pay for your studies? Women worldwide have been taking the lead and enrolling in MBA programs to advance in their jobs. Don’t worry; we’ve got you covered. That’s why we’ve compiled a list of MBA scholarships for women that could assist you in addressing your funding worries. We have compiled a list of MBA Scholarships for Women because we understand how crucial financial aid may be to advance your education.
Only 39% of full-time MBA students at the best business schools in the world are women, even though more women are applying to MBA programs than ever before. All candidates may find it difficult to afford an MBA. Still, occasionally women find it even more challenging due to the gender pay gap and lack of representation at the top of the professional pyramid.
Business schools and other organizations provide focused MBA scholarships for women to help the gender gap be closed.
These subsidies assist in removing the financial obstacles that sometimes keep women from enrolling in business schools, enabling them to build the network, confidence, and leadership qualities necessary for professional success.
Scholarships can lessen the need for loans, enabling graduates to realize a speedier return on their educational investment. Additionally, scholarship recipients become a part of a select group of professional women who provide excellent networking and mentorship opportunities.
The top MBA scholarships for women are listed below, along with advice on how to apply for them.
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Best MBA Scholarships for Women
The goal of offering merit-based MBA scholarships for women is to encourage exceptional working women to enroll in MBA programs and develop the leadership qualities necessary for career advancement.
Here is a list of some of the top business schools in the world’s scholarships for women.
1. Australian Graduate School of Management (AGSM)
It is one of the MBA Scholarships for Women that offers two scholarships for women, the AGSM Emerging Female Leaders Scholarship and the AGSM Women in Leadership Scholarship, which are worth AUD$ 50,000 (about INR 28 lacs). Both are for high-achieving female leaders and offer at least two awards per scholarship. However, the first gives more weight to high-achieving female leaders in their first five years of employment.
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2. Alliance Manchester Business School
A scholarship program that offers the following: Female students of all nationalities are eligible for the 30% Club Female Business Leaders Scholarship, which is given out on a rolling basis as part of the admissions process with one full-fee scholarship and mentorship.
Women of all countries and backgrounds are eligible for the Alliance Manchester Business School Women in Business Scholarships, which cover around 10% to 25% of tuition costs.
3. ESADE Ramon Llull University
This is one of the MBA scholarships for women that Offers the following scholarships: The Women of the World Scholarship, the ESADE Women in Business Scholarship, which is open to MBA women candidates from all nationalities with substantial and relevant work experience in business, and the Scholarship for Women Leaders, which is available to MBA women candidates from all races who have demonstrated outstanding leadership skills throughout their professional lives. These scholarships have an unknown value.
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4. ESCP Europe Business School
ESCP is also one of the MBA scholarships for women that offers the MBA in International Management Award for Women Leaders to self-funding female students who exhibit distinction in leadership. The award has a value of about €15,000 (about INR 13 Lacs).
5. EuroMBA.
EuroMBA offers the Women in Management Scholarship, which grants up to €10,000 in price reductions (about INR 9 lacs) for female candidates who have demonstrated exceptional academic accomplishment and professional excellence.
6. Chicago Booth
Women who apply for the MBA program at the Chicago Booth School of Business and exhibit exceptional leadership and a dedication to advancing women in business are eligible for the Wallman Fellowship.
The preference for this full tuition scholarship goes to women from disadvantaged minorities.
7. IE Business School.
IE Business School offers the following scholarships: MBA applicants can apply for the IE Women Scholarship and Mentoring Program, which provides mentoring for six months and pays 40% of tuition.
People accepted to the MBA (or any other courses) are eligible for the IE Women’s Leadership Scholarship, which pays 30% of all expenses.
The IE Women’s Scholarship is available to all women accepted into master’s programs and pays 40% of the tuition.
Three Jordanian women pursuing any master’s degree are awarded the Queen Rania Foundation Scholarship for Women Leaders, which pays 40% of all expenses.
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8. INSEAD
There are various scholarships available at INSEAD that are just for women. The Groupe Galeries Lafayette Endowed Scholarship provides women who promise to serve customers regardless of social background or race with US$12,000 awards—in line with the values of the Groupe Galeries Lafayette. Women with retail experience typically receive this grant, and applicants must write an essay on the role of women in retail.
A female student is also given the Judith Connelly Delouvrier Endowed Scholarship, worth $15,000, by INSEAD in every MBA class. Candidates for this scholarship must submit essays on ways to include women in business better.
Female engineers accepted into the MBA program will be awarded a scholarship worth $15,700 from the INSEAD Piet and Wina Van Waeyenberge Endowed Scholarship. Applicants must finish the Diversity Scholarship application to apply.
9. London Business School
The 30% Club Scholarship is a benefit offered by London Business School to women who have the potential to influence both business and society. It comprises rewards of up to 50% of the tuition.
Female MBA and Master in Finance applicants from developing nations are eligible for the AHEAD Scholarship, which stands for Higher Education Advancing Diversity. The prize is worth $35,000.
Additionally, LBS provides the Carlsson Family Scholarship, worth $28,000, available to deserving female MBA applicants.
All successful female MBA applicants from Australia or New Zealand are eligible for the Kearney Australia New Zealand Women’s Scholarship Program, which has a maximum value of US$11,700.
All female applicants to the MBA program are automatically considered for these scholarships.
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10. Said Business School
The Global Leadership Council (GLC) Scholarships for Women are offered by Said Business School and are valued at around £30,000 ($38,014). They are given to one female candidate based on academic excellence.
One woman is given the Oxford Executive MBA Scholarship for Women in each Executive MBA intake, which pays 50% of program costs in partnership with the 30% Club.
11. Forté Foundation scholarships
There are more scholarship options besides specific business schools. The Forté Foundation is committed to advancing women in business through networking opportunities, peer support, and scholarships.
Since its founding, Forté has given female MBA students attending one of its 54 partner schools scholarships totaling US$226 million. Forté’s roster of partner institutions includes schools like Harvard Business School, Wharton, Columbia Business School, HEC Paris, London Business School, and INSEAD.
At one of these institutions, women offered a position in the MBA program are automatically considered for a Forté fellowship. Students who have demonstrated strong leadership qualities and the desire to support other women in business are likelier to get this honor from their schools.
Students who have demonstrated strong leadership qualities and the desire to support other women in business are likelier to get this honor from their schools.
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12. The Nestlé Scholarship for Women
The multinational food and beverage company Nestlé annually awards MBA scholarships to female Swiss IMD Business School applicants. The average recipient of each scholarship, valued at US$27,246 each, is a woman from a developing country.
The Nestlé scholarship, among others, is automatically evaluated for female applicants to the IMD MBA program. IMD is also a Forté partner institution, and 79% of women enrolled in the MBA program receive financial aid of some type.
13. Laidlaw Foundation scholarships
The Laidlaw Foundation, which seeks to empower underprivileged women through education, is another organization that provides MBA scholarships for women.
Over 300 women have benefited from its Women’s Business Education Scholarship, which was recently expanded to offer complete and partial scholarships to women accepted to London Business School and Oxford’s Sad Business School.
The goal of this program is to enable female candidates for leadership positions to enroll in MBA programs that would otherwise be out of their financial reach. The specific application procedures for the Laidlaw scholarship are listed on the websites of Columbia, LBS, and Oxford Sad.
14. SDA Bocconi School of Management
SDA Bocconi School of Management offers the following scholarships: Outstanding female candidates are awarded the 30% Club Partial Tuition discount, which offers one merit-based tuition discount of up to €28,500 (50% of tuition expenses) and a mentorship program.
The partial (up to 70%) tuition waiver provides one merit-based student with a tuition waiver of up to €39,900 (about US$44,640; 70% of tuition fees) and is available to outstanding female candidates with a minimum GMAT score of 680.
The partial (up to 50%) tuition waiver, awarded to deserving female candidates, is worth up to €28,500 (about $31,885) and is based on merit.
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15. C200 Scholars
Scholarships are available from this organization to female first-year MBA students. Each scholarship winner will receive $25,000 toward their educational expenses. C200 committee members will interview finalists to determine who will get the scholarship.
Candidates must provide documentation of their academic achievements, several recommendations, a list of their previous employment history, and a lengthy essay outlining their motivations for concentrating on a business degree.
It is an unspecified-amount scholarship awarded by the University of Washington, Duke, London School of Business, Columbia, Harvard Business School, UCLA, University of Michigan, Stanford Business School, University of Colorado, Thunderbird, Emory, and Vanderbilt to female first-year MBA students enrolled at those business schools based on work experience, GPA, recommendations, and essays.
16. HEC
Women from Asian or African nations experiencing natural disasters, drought, or starvation are given access to the HEC Paris Foundation Rainbow Bridge for Women of Color, valued at €20,000. The winners are deserving female applicants of the highest level who have been accepted into the HEC MBA program and who can show excellent leadership abilities in community service, charitable engagement, and sustainable development techniques. Candidates must have a dedication to working toward the long-term security of the citizens of their countries while resolving some of the social and economic concerns that plague those countries.
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17. Congressional Hispanic Caucus Institute Scholarship Awards
Women from Puerto Rico, Mexico, and Hispanic America pursuing an MBA are eligible for this scholarship. The scholarships are worth $5,000 each. You can spend this money on any school-related costs.
18. MBA Scholarships for Women-Germany
This scholarship is for female MBA students who want to pursue their studies in Germany. They are open to collaborating with people of different backgrounds for a shared goal and have solid professional knowledge with various learning experiences.
19. Business Achievement Awards
This award is open to female members of the Golden Key group who are pursuing an MBA. Three scholarships worth $1,000 and $2,000 will be given to deserving candidates.
20. AG Bell College Scholarship
This organization offers financial aid to women with hearing impairments who are full-time MBA students. Both ears must be affected, and the hearing loss must have been identified by age seven. Any business is an acceptable major for students. Depending on the budget, a different amount of funding is available each year.
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Scholarship Application Tips
There are several approaches candidates can employ to increase their chances of being awarded one of these scholarships. Our top four are as follows:
#1. Become familiar with the Application Procedure.
Get acquainted with the application procedure first. Candidates for scholarships should learn about the fund’s goals and submission requirements. In this manner, rather than employing a random strategy, individuals can concentrate their efforts on scholarships they will likely be awarded.
#2. Customize your application
Candidates are automatically considered for many scholarships after they are accepted into a reputable MBA program. In light of this, it’s a good idea to research the scholarships for women offered by institutions while composing application essays.
#3. Start Your Application Early.
Other scholarships have different requirements and can be more challenging to navigate. It’s a brilliant idea to apply for these as soon as possible. There is a certain amount of funding available for schools. Therefore, using early means facing fewer competitors for these monies.
Starting early also gives you more time to perfect your application essays. It never hurts to have an article reviewed by a reliable friend or coworker before the due date for submission.
$4. Share a Personal Story.
Finally, the applicant’s personality will come through in most successful scholarship applications. Applications that stand out to a panel likely to examine several prospective profiles rely on their individuality.
FAQs
What is the international student scholarship for women?
The International Peace Scholarship Fund is an initiative that awards scholarships to deserving women from other nations to pursue graduate studies in the US and Canada. Based on need, the maximum award for one (1) year of study is $12,500. Depending on each person’s need, smaller sums may be given.
How can I have my MBA paid for?
It can be difficult to pay for your education, but there are scholarships available to help.
Can you get a scholarship for an online MBA?
All MBA scholarships are transferable to online MBA programs unless otherwise noted. When in doubt, you can also get in touch with the financial aid office at your university (or a university you’re thinking about). You can also look at our list of the best scholarships for online students, which is updated each month with fresh, carefully selected scholarships.
Conclusion
Women are eligible for many more scholarships; these are the ones that are most sought-after. I hope the article was beneficial to you and that you are now ready to spread your wings and soar. Please do not hesitate to contact us if you are confused; our professionals from a variety of sectors would be happy to assist you.
Congratulations, Ladies, and good luck in your dream jobs!
