Top MBA Scholarships in USA for Indian Students 2025

Indian students planning to study MBA in USA find it difficult to fund their education. For this, there are some of the top MBA scholarships in USA for Indian students that have been suggested in this article for reference. While some scholarships are merit-based the others may be need-based. Get complete details in this article and choose B-school in USA accordingly.
Pursuing an MBA abroad will definitely give your career a boost and if you do it from the top-most study destination then it will be even more meaningful. However, not everyone gets this chance and a majority of the aspirants miss this opportunity because of a shortage of funds. In this article, we will inform you about what all MBA USA scholarships are available for international students. Some scholarships are funded by the colleges for pursuing MBA.
There are two types of scholarships for international student planning to study in USA and they are:
Every university has a set of scholarships that is divided between these two categories. Thus, whichever fits the Indian applicant's needs, they can apply for it and request the same through their admission or FAFSA application.
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Top 10 US B-Schools Offering MBA Scholarships to Indian Students
Since MBA in USA is expensive, it is always essential to seek some financial assistance if available. Here is a list of top B-schools in USA offering MBA-based scholarships to Indian students:
- Wharton Business School
- Dartmouth College
- Columbia Business School
- MIT - Sloan School of Management
- Harvard Business School
- Northwestern University - Kellogg School of Management
- Stanford School of Business
- Haas School of Management - UCB
- Chicago Booth School of Business (University of Chicago)
- NYU Stern School of Business
These are the top 10 B-schools in USA which offer Indian applicants different types of scholarships to fund MBA studies. Get details about each of these B-schools in USA and their corresponding scholarship programs for Indian applicants in the section below.
MBA in USA with Scholarships for Indian Applicants
There is no doubt that Indian applicants can study MBA in USA with a scholarship. From Ivy League universities to other top-ranking MBA schools in USA, majority of them have something to offer to Indian applicants. Here is a list of top B-schools in USA where Indian applicants can get an MBA-based scholarship. Check out the details below:
1. Wharton School of Business
Wharton School of Business offers various scholarships for aspirants in need of funds.
- Fulbright Program for Non-US Students: Fulbright Foreign Student Program helps students, professionals, and artists, who are not US citizens, to study and conduct research. This program is in more than 160 countries and approximately 4000 foreign students are recipients of this scholarship every year.
Application: Students are supposed to apply through the bi-national Fulbright Commission or US Embassies in their home country.
- The Margaret McNamara Memorial Fund: This grant is meant to support the education of women who are from developing countries and want to contribute to the lives of women and children in their home countries.
- Emerging Economy Fellowships: This scholarship has been specially designed for the aspirants of emerging economies. Aspirants willing to pursue a full-time MBA at the Wharton School of Business can apply for it. It covers both the years of the course.
Eligibility: First-year students can apply for this scholarship. Eligibility criteria:
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- Academic achievement
- Unique personal qualities
- Exceptional professional development
- Compelling leadership
Application: Aspirants need not apply formally for this scholarship, those who got admitted to Wharton are automatically considered for this fellowship.
- Social Impact Fellowships: Social Impact Fellowship offers undergraduate and graduate students the opportunity to enhance their operation, leadership, and strategic skills and make a positive impact on their work.
Eligibility: Aspirants need to showcase their leadership in the public and non-profit sectors.
Application: Students applying for the program are automatically considered for this scholarship, there is no formal application procedure for applying to this fellowship.
- Joseph Wharton Fellowships: This fellowship program is named after the founder of Wharton and is awarded to students with excellent academic and professional records.
Eligibility: All students who got admission to Wharton are eligible for this fellowship program.
Application: There is no formal application procedure for this scholarship. Students getting admission become eligible for this program.
Also Read:
- 10 Scholarships that will help you study abroad for free
- What are the chances of receiving a Scholarship?
- Difference between Scholarship and Fellowship
2. Tuck School of Business (Dartmouth College)
The Tuck School of Business offers a wide range of scholarships to individuals who require funds for pursuing higher studies. The scholarships are financed with the cooperation of alumni, corporations, and nonprofit foundations. Tuck scholarships range from $10,000 to a full tuition fee. The scholarships get renewed automatically in the second year on the basis of academic performance.
- Consortium for Graduate Study in Management Fellowship: Tuck School of Business is a member of the Consortium for Graduate Study in Management Fellowship. The students who get selected via the Consortium receive a merit-based scholarship which covers the entire tuition fee.
- Forté: Forté is a consortium of businesses, non-profit groups, and educational institutions that provides scholarships to exceptional women candidates.
- Center For Business & Society: Two programs developed by the Center For Business & Society award financial help to deserving students. The ‘TUCK GIVES’ program offers financial help to students who are planning to enter the public sector or nonprofit summer internships.
The Tuck Nonprofit Fellowship program offers financial support and guidance to TUCK graduates who join a public sector or nonprofit organization. Recipients of this scholarship can use the fellowship to repay the loans.
Eligibility: Academic record, leadership, or professional achievements.
Application: Aspirants should apply for the Tuck School of Business Scholarships before the deadline.
3. Columbia Business School
Columbia Business School offers both need and merit-based scholarships to international students. Depending on the academic performance and financial needs of the candidates, it offers full-time and partial fellowships to students with excellent academic records.
- Columbia Business School Board Fellowships: Students who have an exceptional academic record and offer a bright professional career are awarded this scholarship. The scholarship amount gets renewed in the second year.
- Columbia Business School Board China & India Fellowships: Columbia Business School Board China & India Fellowship is meant for students from China and India. Students must possess an exceptional academic record and must offer bright future prospects.
- Meyer Feldberg Distinguished Fellowship Program:
This fellowship is awarded to selected students who showcase leadership and excellent academic skills. With this fellowship, students are given full tuition and membership in the group of Feldberg fellows.
Eligibility:
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- Outstanding academic and professional record.
- Fellows must have a distinguished record in finance, entrepreneurship, and social enterprise.
4. MIT - Sloan School of Management
MIT Sloan offers merit-based scholarships to pursue an MBA to first-year and second-year students.
- Legatum Fellowship: The Legatum Center for Development and Entrepreneurship provides scholarships for entrepreneurial graduate students who plan on starting a business in a low-income country.
Application: The application process for this scholarship is different from the admission application.
- McKinsey Award: Although this fellowship is open to all new students, irrespective of their professional background. However, The McKinsey Award scholarship is awarded to 4 first-year students.
Eligibility: Academic excellence, professional leadership, and community service.
Application: The recipients are selected by the committee based on their admission application and interviews.
- MIT Sloan Social Impact Fellowships: MIT Sloan Social Impact Fellowship provides funding to MBA students who work on social challenges and issues during their summer internship period.
- Master's Fellowships: The main aim of this scholarship is to increase the diversity of the class, so, it is open to all the students irrespective of their backgrounds. The scholarship amount ranges from $5000 to full tuition.
Eligibility: All students are considered for these fellowships.
5. Harvard Business School
Harvard Business School offers several fellowship plans to deserving candidates. The financial need-based scholarships are determined based on gross income of the past 3 years, assets owned, and socio-economic background.
- Rock Center Loan Reduction for Entrepreneurs: Rock Center for Entrepreneurship provides a one-time loan reduction amount of $5000 - $20,000 for MBA students who wish to pursue their ventures.
- The Robert S. Kaplan Life Sciences Fellowship: This fellowship is given to 10 students who can showcase extraordinary performance in life sciences. The scholarship is $20,000 and is awarded at the time of admission. This fellowship is preferably given to students who wish to join science-related businesses or organizations.
- Horace W. Goldsmith Fellowship: This fellowship is awarded to up to 10 students who wish to work in the nonprofit sector. Under this program, first-year students are awarded $10,000.
Eligibility: Students must have worked full-time in the non-profit sector before applying to the Harvard Business School.
- HBS Fellowship Programs: HBS offers need-based fellowships to students who have been admitted and need funds. At Harvard, almost 50% of its class receives an average of around $32,000 per year through need-based HBS Fellowships.
- The HBS Forward Fellowship: The fellowship provides support to students from lower-income backgrounds. Financial support of $30,000 is provided.
Application: The HBS Financial Aid application and complementary fellowship application must be submitted along with the family information.
Check out some more Harvard University Scholarships for Indian Students which can help applicants assess their options.
6. Kellogg School of Management (Northwestern University)
Kellogg School of Management provides merit-based MBA USA scholarships that are awarded at the time of admission.
- Austin Scholars: Austin Scholarship is awarded to students pursuing 2-years and MMM programs.
Eligibility: Exceptional leadership in academic and professional spheres.
Application: Students are considered for this scholarship based on their admission application.
- Diversity Scholarships: These scholarships are awarded to increase the diversity of Kellogg's students. These are awarded to meritorious students who showed leadership skills, academic excellence, and career advancement.
- Donald P. Jacobs International Scholarships: These scholarships are awarded to students who wish to pursue MMM and two-year programs.
Eligibility: Students who secure admission are considered for all the merit-based scholarships awarded by the school.
Application: Merit-based scholarships are awarded through the admissions process.
- Kellogg Scholarship: This scholarship is provided to students who are enrolled in full-time programs and demonstrate good academic and leadership abilities.
- David F. and Margaret T. Grohne Family Foundation Scholarship: This scholarship is provided to two exceptional students pursuing 2-year and MMM programs.
- Drake Scholars: This scholarship is awarded to those students who have a passion for promoting women's initiatives.
7. Stanford School of Business
Stanford University is a renowned B-school in USA and records a low MBA acceptance rate each year. Applicants applying to MBA at Stanford Business School can be eligible for the following scholarships:
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Stanford Reliance Dhirubhai Fellowship: The Indian students who have a genuine financial need along with a strong desire to return to India after completing their MBA can be eligible for this fellowship. This fellowship costs between $30,000 - $50,000 and partially covers the MBA tuition fees.
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Stanford Knight-Hennessy Scholars Program: Only 100 applicants are chosen and applications have to be filed for MBA at Stanford plus at Knight-Hennessy Scholars.
8. Haas School of Business - UCB
Haas Business School is at the University of California at Berkeley (UCB) and also offers scholarships to Indian applicants pursuing an MBA at Haas. Check them out below:
- Berkeley Haas Scholarships: Offered to admitted applicants for MBA who show academic preparedness, value gender equality, have contributed to the industry essentially, have strong leadership skills and support LGBTQ along with some personal achievements.
9. Chicago Booth School of Business (University of Chicago)
At the University of Chicago the B-School called Chicago Booth School of Business also offers MBA-based scholarships. MBA at University of Chicago is a prestigious one and here is the scholarship offered:
- University of Chicago Booth School of Business Scholarships: Around $30,000 - $60,000 is offered as a partial tuition fee waiver for MBA applicants who possess and potray strong leadership skills and academic excellence.
10. NYU Stern School of Business
For those applying for MBA at NYU Stern, can also expect some good scholarship options. New York University is a leading university in USA and its MBA is very popular. Check out the MBA scholarship details at NYU Stern:
- Dean's Scholarship: Limited availability
- William R. Berkley Scholarship: Admitted MBA applicants are automatically selected for this scholarship and upon selection receive a $10,000 Early Advancement Award to be applied to their Full-time MBA tuition upon enrolling at NYU Stern
Apart from these, other different external agencies offer MBA scholarships to international students. The options are not limited to merit and need-based scholarship options, there are types of funding as well which can be considered. Applicants should research well and then apply for their desired MBA scholarship to study in USA.
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Q: Â What GPA is needed to go to Ohio State?
Q: Â Is MIT costly for Indians?
MIT is not costly for Indian students. Applicants can study BTech program at affordable tuition fees as compared to other BTech colleges in the USA. The MIT BTech fees is around INR 50 L to INR 52 L.
Q: Â What GPA is required for the University of South Dakota?
The University of South Dakota expects a GPA score of 2.5 from undergraduates and 3 from postgraduates on the 4-pointer scale. Along with the GPA scores, undergraduates must meet the basic eligibility and submit an ACT score of 21 or higher and an SAT score of 1070 or higher. In addition, they must submit the required documents, such as academic history, transcripts, letters of recommendation, English language scores, and more.
Q: Â What are the requirements for admission into Purdue?
Purdue University application must have the following components:
Undergraduate Admissions
- The application itself
- Purdue-specific questions from the application
- Self-reported high-school grades
- Self-reported SAT or ACT scores (if applicable)
- Application fee
Steps to apply for Purdue University Undergraduate Courses
- First of all, complete and submit a Common application as per the Purdue University application deadlines
- Make sure that Purdue University receives all material required to complete the application
Graduate Admissions Steps
- Firstly, check Purdue University entry requirements
- Then, create an application account to start the application
- Choose the campus and course as per the preference
- Then, submit the results of the tests needed for the graduate program
- Prepare the additional documents based on the graduate program
- Lastly, pay the non-refundable application fee to submit the application. Purdue University graduate application fee is USD 75 for international applicants
Q: Â Which is better, UIC (University of Illinois Chicago) or NIU (Northern Illinois University)?
As per an unofficial source, the University of Illinois Chicago ranked at #80 among national universities which is better than the NIU ranking at #273 position. The UIC is also exceeding in terms of graduation rates and easier selection than NIU. However, the tuition cost is more affordable at Northern Illinois University as compared to UIC. Students can get more clarity from the comparison table given below:
Particulars | University of Illinois Chicago | Northern Illinois University |
---|---|---|
US News National Rankings 2024 | #80 | #273 |
Acceptance Rate | 79% | 70% |
Graduation Rate | 40% | 33% |
Tuition Cost | UG: INR 22L-INR 49L PG: INR 13L-INR 37L | UG: INR 10L-INR 16.5L PG: INR 8L-INR 45L |
Student-faculty ratio | 17:1 | 14:1 |
Q: Â How much does it cost to attend the University of South Dakota?
The USD provides over 200 undergraduates and 80 master's programs in specializations such as Business Analytics, Business Administration, Accountancy, Computer Science, Mathematics, and more. The University of South Dakota tuition fees for international students range between INR 6L and INR 21L for graduates and around INR 10L for undergraduates. Students can check the table below for the tuition cost of the popular courses at the university:
Courses | 1st Year Tuition Fees |
---|---|
MBA/PGDM (4 courses) | INR 10 L - 12 L |
MS (10 courses) | INR 9 L - 18 L |
BSN (1 course) | INR 11 L |
MIM (3 courses) | INR 10 L - 12 L |
BSc (30 courses) | INR 11 L |
BBA (14 courses) | INR 11 L |
BA (18 courses) | INR 11 L |
BE / BTech (4 courses) | INR 11 L |
MA (19 courses) | INR 10 L - 21 L |
PG Certificate (10 courses) | INR 7 L |
Q: Â Is Texas A&M Commerce a good university?
Texas A&M Commerce is regarded as one of the top public universities across the United States. Moreover, the Texas A&M Commerce ranking 2024 under the category of Best Colleges is National Universities is #369. Also, the acceptance rate of this university is 42%. Additionally, the university offers the best academic programs, expert faculty, job & placement, and more. Besides, Texas A&M University-Commerce also offers over 130 academic degrees for its students.
Q: Â Is University of Minnesota Morris hard to get into?
According to various sources, University of Minnesota Morris has an acceptance rate of around 78% making it moderately selective for admissions. Some of the general admission requirements for international students are given as follows:
- Overall Student's GPA
- Letters of Recommendation
- High School Class Ranks
- Additional Academic Record
Students are required to apply for admission according to the deadlines given on the official university website.

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There is no minimum GPA score for UG admission at Ohio State. However, International students must have a cumulative GPA of at least 3.0 (on a 4.0 scale or equivalent) for graduate admission. Applicants may submit a standardized test score (GRE or GMAT) if their cumulative GPA is below 3.0 for the last degree.