MBA Scholarships for Women

mbaThe MBA, or Masters in Business Administration, is one of the most popular graduate level degrees in the world. If you’re a woman who aspires to be the next great business leader, scholarships and grants for MBA programs can make your dream a reality by reducing the financial roadblocks that may keep you from moving forward with your education.

Types of MBA degrees abound, from those designed for full-time students to executive MBAs geared towards working professionals. No matter which type of MBA program you need, financial aid is available. Keep reading to learn more about grants and scholarships for which you can apply.

Financial Aid Opportunities Designed for MBA Students

C200 Scholar Award: This “Women in Business” scholarship is open to candidates who are enrolled at an MBA program offered through a school that is hosting a C200 Reachout seminar. It’s also a plus if you’re someone who gives back to the community and makes a point of supporting other women. Scholarship winners get up to $10,000.

Forté Fellows Program: It’s not always easy to find part-time MBA scholarships for women, but this is one financial aid option you can pursue even if you’re not a full-time student. The program is meant to increase the number of women who apply to MBA programs. So far, over $65 million has been awarded to more than 3,000 successful applicants.

National Society of Hispanic MBAs:  If you’re looking for MBA scholarships for Hispanics, this organization offers a couple of prospects. One reason this group is so committed to providing educational opportunities for Hispanic students is because statistics show the Hispanic population will play an ever-increasing role in America’s total population through 2050. With that being said, Hispanic success should theoretically translate into national prosperity. There is one $10,000 award given, along with numerous other scholarships ranging from $2,500-5,000.

Diversity Programs from Credit Suisse: Credit Suisse has a history of encouraging inclusion for groups such as the LGBT community, working moms, and African-American professionals. The Credit Suisse MBA Fellowship is an appealing option within the realm of MBA fellowships for minorities. It’s a good possibility to check out if you’re planning to use your MBA for a career in the investment banking industry. In addition to a $15,000 stipend for your first year of school, the university you’re attending could receive up to $30,000.

Alternatively, the MBA Military Boot Camp is another good example of how Credit Suisse assists minority groups. Although it’s not a scholarship, the program is an educational outreach intended for people who were formerly in the military and now want to get their MBAs.

Richard Metzler Scholarship: This award is for MBA students who are working towards future careers in the management consulting sector. You’ll have an advantage if you can demonstrate leadership skills and a commitment to community service, plus good grades in prior coursework.

J.P. Morgan Launching Leaders MBA Scholarship: All the world’s great leaders had to start somewhere. That’s the concept behind this scholarship that seeks to reveal the brightest business stars of the future. If you’re Hispanic, Native American, or African-American, the J.P Morgan Launching Leaders MBA Scholarship program could be a way to get your foot in the door at a well-known company. In addition to financial aid, successful applicants are given internship positions, allowing them to get real-world experience and make connections that might bolster their future careers.

In addition, if you end up getting one of these MBA minority scholarships and make a good impression at the internship, you could be offered a full-time position, plus additional scholarship money for your second year of study.

Scholarships from the National Black MBA Association: This organization offers several scholarships in amounts up to $10,000. The exact amount you could receive as a successful applicant depends on how much funding is available for the year, but so far, outstanding students have collectively received more than $5 million.

Scholarships and Grants Open to All Students (and can be applied to an MBA program)

AAUW Career Development Grants:  The American Association of University Women, or AAUW, awards several grants yearly in amounts ranging from $2,000-12,000. Preference is given to minority women, women who are pursuing degrees in non-traditional fields. Depending on your business venture, you may have a good shot at this award. You’ll also have an advantage if you do not currently have an advanced degree.

AG Bell College Scholarship Program: Some scholarships and grants for MBA students are intended for specific population groups. This scholarship award for hearing-impaired scholars is a great way to get started on your business career.

There are extremely precise requirements you must meet related to when your hearing loss occurred and the severity of your impairment. This scholarship is open to applicants from around the world and is characteristically highly competitive.

American Indian Graduate Center Scholarships: If you’re an American Indian or Alaskan Native and have documentation to prove it, the American Indian Graduate Center has numerous scholarships for applicants who demonstrate financial need. Some are only open to individuals from particular fields like dentistry and gaming. However, the AIGC Fellowship is one example of a scholarship that’s open to people from all disciplines, so your business goals can fit in nicely.

Although this is not a complete list of business scholarships for women, it should offer plenty of possibilities to get you off to a good start in your search for funding so you can eventually make your mark in the business world as a well-educated job candidate.

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