Top Scholarships offered by B-Schools 

Top Scholarships offered by B-Schools 

MBA education in India is expensive; especially when it comes to top MBA colleges in India such as IIMs, MDI Gurgaon or IBS Hyderabad. Even folks who are financially well-off in India have to take the support of educational loans in order to join the MBA programmes offered by top B-schools of the country. But does this mean that MBA is only meant for aspirants who are rich or can afford to take education loans? The simple answer is NO! Despite the high fees, when it comes to MBA courses, India’s top B-schools have adopted a very inclusive admission process that gives equal chance and opportunity to MBA aspirants who face financial difficulties. India’s top MBA institutes offer several scholarship opportunities to talented MBA aspirants to support them financially through their journey through the MBA world.

MBA Scholarships – Eligibility

Generally, these scholarships are awarded on the basis of merit and MBA aspirants’ performance in MBA entrance exams or their academic track record. Apart from these, there are some scholarships that are awarded to students who have already joined the course for their impeccable performance.  So, someone who is really talented and passionate about joining top MBA Colleges in India, they can surely take advantage of the MBA scholarships and plan their MBA education in India.

So, let’s check out the different MBA scholarships offered by top MBA Colleges in India.

SDA Bocconi Asia Center

Each year multiple scholarships and tuition waivers are available for outstanding candidates, thanks to the ongoing support of companies, other organizations, as well as our Alumni and current students. Student and Alumni support is the foundation on which SDA Bocconi Asia Center sets the basis to provide scholarships for future promising young leaders who will, in turn, serve as models and contribute to lead global changes starting in the classroom and ending with a new professional path.  Therefore, scholarship recipients may consider giving back to help the School conceive, design and implement new initiatives and a better program, as well as create a stronger sense of community. Even a small gift has an impact and may change lives. Scholarships & Tuition Waivers for the 2019-2020 IMB (International Master in Business) will be available in October. SDA Bocconi Asia Center made available 31 total/partial merit-based scholarships and tuition waivers to 2018-19 IMB candidates with an outstanding profile. The tuition waivers/scholarships are usually awarded before the Program begins. The number and assignment criteria of total or partial tuition waivers are defined and acknowledged by a special Commission whose decision is final and will be notified to beneficiaries according to the dates indicated in each Notice of Competition and no later by the beginning of the Program.

The Tuition Waivers and Scholarships Offered by SDA Bocconi Asia Center:

  • Tuition Waivers: SDA Bocconi Asia Center is offering merit based tuition waivers up to 80% for the IMB 2019-21 admitted candidates with an outstanding profile. The factors considered here are academic consistency, strong entrance test scores, extracurricular activities, and outstanding personal interview. The waivers are applied on the tuition fee after deduction of the scholarship (if applicable) only, thus not on the full Admission Fees.
  • Dean’s Scholarship: This can be granted to admitted students, based on the Dean’s decision only. This scholarship is awarded at the time of selection and disbursed to the students if they manage to be in the top 5% in the class at the end of first 11 month module. Its amount is of INR 2 Lac inclusive of GST, will be adjusted against the payable tuition fee of the second module, and will not be disbursed directly to the student.
  • Women’s Leadership Scholarship: It is created with the intention of supporting meritorious women candidates applying to the IMB program. The scholarship amount is INR 2 Lac inclusive of GST and is applied on the tuition fee before the Tuition Waivers. Recipients of the Scholarship are high-potential female candidates who meet our standard selection criteria and exhibit exemplary leadership skills in one or more ways: academic leadership, team leadership, community leadership, sports, and creative leadership.
  • Sports and Cultural Art Scholarship: It can be granted to those students who have been at a consistent high level in any sport (preferably at National level) and any cultural or Art form. The scholarship amount is INR 2 Lac inclusive of GST and is applied on the tuition fee before the Tuition Waivers. The decision of awarding this lies at the discretion of the Scholarship Committee and cannot be challenged. Students have to furnish supporting documents as proof along with their documents to be considered for this scholarship.

Beneficiaries and Requirements:

IMB candidates who meet all the following requirements will be taken into consideration:

  • Outstanding personal, academic and professional background and high motivation
  • Compliance with all the admission requirements for the participation in the IMB Program. There is no separate application required for the tuition waiver or scholarships. It is evaluated based on your IMB application itself.

Incompatibility and Assignment of Scholarships:

Tuition waivers can be awarded with any other scholarship, award, or financial support for IMB by public or private organizations or companies if the total amount does not exceed the overall cost of the program (tuition fees). The beneficiary must self-certify that the above-mentioned accumulation has not been exceeded. The beneficiary must comply with this condition for the whole duration of the IMB Program. The right to the tuition waiver and scholarship is subject to the regular completion of the 2019 – 21 IMB Program as indicated in the 2019 – 21 IMB Rules. Tuition waiver can be withdrawn at any time during the program as a penalty for serious disciplinary cases. No two scholarships can be combined. In the calculation of the final fee, scholarships are applied first on the tuition fee and then the tuition waivers as applicable. Admission fee is separate.

IIM Ahmedabad

MBA Scholarships IIM Ahmedabad is the apple of every MBA aspirant’s eye when it comes to management education in the country. Being the premier B-school of the country, the institute also offers many different MBA scholarships for the students. Keeping this in mind, we need to understand why scholarships are offered in Engineering, pure sciences, maths and arts. This is because the institution giving the scholarship feels needs to contribute to the area of expertise to either establish itself as a place of higher learning for that specialization or maintain its top position in the field of study. There are also occasions when the field of study doesn’t get its due and therefore scholarships are provided to worthy students who can pursue and keep the field alive by their contributions.
MBA is a professional course, it’s not a science by itself, it’s more like a collection of most reliable and successful scientific approaches to solving management problems.
Another factor is that the course is so well known and we’ll be accepted that it has no problem attracting scores of young students to pursue it.
Hence institution doesn’t see a need to give scholarships to students for pursuing this course. In fact, it’s the opposite. Institutes strive to make their MBA program well known as it would more or less be their biggest cash cow (highest profit maker).
If you get admission into an MBA course, banks will immediately be ready to give you a bank loan. And that too without any collateral for up to inr 20 lakhs at 10%-11% interest rate payable in 10-12 years.

XLRI – Xavier school of management

XLRI has some good scholarships that are available externally. Also, students with weaker financial backgrounds can avail some select scholarships. SBI provides very good loan facilities for all students. There are different scholarships for SC/ST candidates. There are other scholarships for the excellent performers from school with a sound overall profile. Some of the scholarships include – Aditya Birla Scholarship and the OP Jindal scholarship. The scholarship is offered to those who have performed well in the entrance exam and also have a good academic background.

Let’s explore all the scholarships available at XLRI Jamshedpur.

Scholarship Name
Criteria
Value
Aditya Birla Scholarship Top 25% of the Class in a 1st year Rs. 1,75,000
Yes Bank Future Ready Scholarship As prescribed by Yes Bank Rs. 2,00,000
O. P. Jindal Engineering & Management Scholarships (OPJEMS) Top-10 2nd year students (based on the 1st year academic performance) Rs. 1,50,000
Hindustan Unilever / T Thomas Scholarship As directed by the company, and the top 25% of the Class in the 1st year Rs. 1,00,000
Naveen Jain & Distinguished Alumni Award Merit-cum-Need Rs. 20,000
Kalyan Ganguly XEF Scholarship Merit-cum-Need Rs. 1,00,000
Alumni Scholarship Merit-cum-Need Rs. 1,50,000
XLRI Diamond Jubilee Scholarship Merit-cum-Need Up to Rs. 2.55 Lakh in 1st year, and Rs. 2.85 Lakh in the 2nd year of study
XLRI Diamond Jubilee [Seniors] Merit-cum-Need Rs. 2,85,000
Geeta Saxena Memorial Stipulated criteria by the Donor Rs. 20,000
Vasantha Sankaran Scholarship Stipulated criteria by the Donor Rs. 1,00,000
Joseph M Sciortino For ST Students Rs. 25,000
NTPC Scholarship SC / ST / PWD students based on their academic performance in 1st year Rs. 8,000 for 12 months
PMI Scholarship Best student award in project management Rs. 25,000 to Rs. 50,000

SP Jain

SP Jain, in its endeavor to encourage meritorious students to excel even more in their academic and career paths, is inclined (without any commitment) to offer scholarships to selective candidates joining the postgraduate programs. There are various levels of scholarships granted, based on a holistic view of the candidate’s profile. Candidates who receive scholarships must maintain a required GPA and abide by the Code of Conduct during the course of the program. Scholarship decisions take place through a comprehensive, holistic review process and are at the sole discretion of the Scholarship Committee.

ACADEMIC SCHOLARSHIPS

Applicants for the Academic Scholarship must fulfill three of the following criteria in order to be eligible:

Minimum of 75% in all years of education – 10th, 12th and each year of graduation

High entrance test scores: a minimum of 720 in GMAT and 95 percentiles in CAT/SPJET

Graduation from a top-ranked institution

Exceptional post-graduate qualification such as Chartered Accountant or other graduate work/certificates

Outstanding achievements in social service, sports, and extracurricular activities are also considered

All applicants will be considered for an Academic Scholarship at the time of selection to the program. There is no additional application required.

LEADERSHIP SCHOLARSHIPS

Most institutes give scholarships based purely on academic performance, but we believe that well-rounded students get better jobs and do better at the workplace.

In line with this philosophy, SP Jain offers Leadership Scholarships based on the assessment of prospective students during the evaluation process. This gives an opportunity to those students who may not have the best academic scores but are otherwise very worthy of a scholarship.

The Leadership Scholarship has three levels:

Level 1: USD 5000

Level 2: USD 10,000

Level 3: USD 15,000

Leadership Scholarships are awarded based on the following criteria:

Academic achievements

Aptitude test score

Interview performance

Relevant experience or Domain Expertise

Eligible students are recommended by the Interview Panel during the evaluation process. Recommended students will be asked to attend an evaluation interview with another Interview Panel. The decision to award a Leadership Scholarship and the amount will then be decided by the Scholarship Committee and advised to the student.

Students who receive Leadership Scholarships must maintain a required CGPA and abide by the Code of Conduct during the course of the program.

Symbiosis Institute of Business Management

Symbiosis Society Foundation has instituted scholarships for students of UG and PG programmes of all the faculties in Symbiosis International (Deemed University). The scholarship policy has been approved by the Board of Management.

Two merit scholarships for the faculty of Management (SIBM-Pune, SIIB, SCMHRD, SIMS, SITM, SIOM, SIBM- Blr, SSBM) – Total free ship (no academic fee) Eligibility

  1. Merit Scholarship in the first semester of P.G. programme will be awarded to toppers of SNAP who join Symbiosis Institutes. The cut off for SNAP score (top score) for applying for the scholarship every year will be at 0.1% of the appeared number of candidates for the test.
  2. In the subsequent semesters, the scholarship would be based on academic excellence, a minimum GPA of 3 earned by the same student during the preceding semester.
  3. Only those students will be eligible for the award of Merit Scholarship who have cleared the courses prescribed for the respective programme up to the stage of award i.e. they should not have any backlog.
  4. The student who has been awarded merit scholarship by Symbiosis Society Foundation shall not be debarred from stipend or any financial assistance from any other source. However, if the student is awarded any stipend or financial assistance from any other source, he/she shall communicate the same to the Department of Student Affairs.
  5. There will be no income limit of the parents/guardians of the students for the grant of merit scholarship.
  6. In case a student is eligible for more than one scholarship/free ship by Symbiosis Society Foundation, he/she shall be awarded only one scholarship/free ship as per his/her preference.

Alliance University

 

Eligibility Scholarship Amount (Per Student) No. Of Scholarships
90% and above Score in AMAT Rs. 4,00,000 5
85% and above score in 10th and 12th Standard
85% and above score in AMAT Rs. 1,00,000 10
85% and above score in AMAT Rs. 50,000 20

 General Scholarships For MBA Students:

Category Eligibility Regular Tuition Fees (Per Semester) Scholarship Percentage Scholarship Amount (Per Semester)
Merit-Based A score of 99 percentile or better in CAT or a score of 725 and above in GMAT. Rs. 3,37,500 100% Rs. 3,37,500
a. A consistent scholastic record – minimum 90% marks in X, XII, and Graduation – with no repetitions at any stage.
ANDb. A score of 85 percentile or better in CAT or a score of 600 and above in GMAT.
Rs. 3,37,500 25% Rs. 84,375
a. Minimum three years of full-time relevant work experience.
ANDb. A consistent scholastic record – minimum 70% marks in X, XII, and Graduation – with no repetitions at any stage.
ANDc. A score of 90 percentile or better in CAT or a score of 650 and above in GMAT.
Rs. 3,37,500 20% Rs. 67,500
A score of 90 percentile or better in CAT or a score of 650 and above in GMAT. Rs. 3,37,500 15% Rs. 50,625
Sports Quota a. National level player (Sports/Games).
ANDb. A consistent scholastic record – minimum 60% marks in X, XII, and Graduation – with no repetitions at any stage.
Rs. 3,37,500 20% Rs. 67,500
Differently Abled a. Certified as differently abled.
ANDb. A consistent scholastic record – minimum 60% marks in X, XII, and Graduation.
Rs. 3,37,500 30% Rs. 1,01,250
SC/ST a. From SC/ST Community with the family income of less than Rupees four lakhs per annum.
ANDb. A consistent scholastic record – minimum 50% marks in X, XII, and Graduation – with no repetitions at any stage.
ANDc. A score of 70 percentile or better in CAT or a score of 550 and above in GMAT.
Rs. 3,37,500 25% Rs. 84,375
Karnataka State Domicile a. A domicile of the State of Karnataka.
ANDb. A consistent scholastic record – minimum 60% marks in X, XII, and Graduation – with no repetitions at any stage.
ANDc. A score of 70 percentile or better in CAT or a score of 550 and above in GMAT.

Athena University

Athena University is offering a limited number of scholarships that cover up to 90% of tuition costs. These scholarships are for all Master’s and Bachelor’s programs and last for the full 2-year or 4-year program, depending on the program.
MBA & MGAD Programs
Original Total Tuition Cost for 2 years: $15,750
Total Tuition Costs With 90% Scholarship for 2 Years: $1,575
Cost Per Course With 90% Scholarship: $157.50 (MBA) or $143.18 (MGAD)

EMBA Program
Original Total Tuition Cost for 2 years: $21,750
Total Tuition Costs With 90% Scholarship for 2 Years: $2,175
Cost Per Course With 90% Scholarship: $217.50

Eligibility

All students who apply and meet the admission requirements for Athena University are eligible for these scholarships. These scholarships are not limited to any specific program, so any student in any program may apply. These scholarships are also available for both full-time and part-time students.
Email at inquiry@athenauniversity.org or andy@athenauniversity.org. They will provide you with a scholarship application form to fill out along with Athena University’s application form. They can also answer any questions you may have about the application process and the programs we offer. In order to keep the scholarship, you must pass all courses, maintain a CGPA of 3.0 or higher, and stay on track for graduation. The scholarship may be revoked for anyone unable to meet the satisfactory academic progress in the program, failing a course, in danger of being expelled, or withdrawing for a session.

Amity University

 A sum of US$ 200,000 is earmarked to award more than 100 academic merit scholarships to high performers among International students, Foreign Origin, NRI and sponsored NRI, joining undergraduate (UG) programs in Engineering & Science & Humanities in SRM Institute of Science and Technology (formerly known as SRM University). The Scholarship program is a transparent merit-based process, with the scholarship of up to 25% tuition fee, beginning the first year, on joining the university as a full-time degree-seeking student. In the case of the first year, this would be adjusted in the second-year fee. In following years, renewal of scholarship is subject to consistently high performance as per the norms set by the university from time to time. An appropriate allocation of scholarships would be made to cover different faculties and countries.

At Amity, they believe in rewarding the hard work and excellence achieved by worthy students in their academic endeavors. As part of this ongoing initiative, in 2013 over Rs. 60 crores worth of Scholarships have been awarded to students on need or merit basis. The Amity Scholarships have been initiated to inspire the talents of such students, thereby solidification the roots of our future generation. A small step towards the collective goal of making India the knowledge superpower of the world.

Criteria for Admission

Minimum academic eligibility for the respective program should be met, as mentioned in the Admission prospectus – 2018.

Age should not be of more than 23 years as on 01st July 2018.

All students who are eligible for the sports scholarships are given admission on Fast Track. That means they do not have to appear for the Sports Trial & Interview and their admission is done based on their application form and assessment of sports certificates for the last three years.

100% Scholarship – International Players*

50% Scholarship – National Medal winners*

(Gold, Silver & Bronze position only)

The scholarship is granted on annual basis and continuation in second and further years of the program is subject to scholarship policy. To continue availing 100% scholarship students must secure position in top 5% of the merit list for the program. For continuation of 50% scholarship, students will have to secure position in top 10% of the merit list for the program.

Mumbai Campus

100% Scholarship (Non-MBA)

Eligibility – 93% aggregate and above (excluding Physical Education/ Fine Arts / Performing Arts / vocational / non-written subjects) in CBSE / ISC / State Boards of Class XII and 80% in Graduation.

50% Scholarship (Non-MBA)

Eligibility – 88% aggregate and above (excluding Physical Education/ Fine Arts / Performing Arts / vocational / non-written subjects) in CBSE / ISC / State Boards of Class XII and 75% in Graduation.

MBA Scholarship

100% Scholarship

Eligibility – 93 Percentile (CAT/MAT); 700 GMAT & above

50% Scholarship

Eligibility – 88 Percentile (CAT/MAT); 650 GMAT & above

25% Scholarship

Eligibility – 80 Percentile (CAT/MAT); 500 GMAT & above

 

 

 

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