11+ Fully Funded MBA Scholarship to Apply in 2023
List of MBA Scholarship
Are you an international student who wants to get a fully funded MBA scholarship but you’re afraid about how much it will cost? There are a lot of organizations that pay foreign students to take MBA programs at the best universities in Canada, USA, Australia and other countries in the world.
These fully funded MBA scholarship pay for tuition, living bills, and travel, so students can focus on their studies without having to worry about money.
In this blog post, we’ll tell you about 11 Fully Funded MBA scholarships for International Students to Apply in 2023. We will tell you what you need to do to be eligible for each grant and how to apply for it so you can find the one that best fits your needs.
Fully Funded MBA Scholarship to Apply in 2023
1. Stanford Africa MBA Fellowship:
The Stanford Africa MBA Fellowship is a program that helps and encourages talented African people with financial needs to get an MBA at the Stanford Graduate School of Business.
The grant pays for tuition and fees (about USD 170,000) for two years of study, as well as a living stipend for the first year. This is awesome for you.
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To be qualified for the fellowship, applicants must be from an African country, have a bachelor’s degree from an African school, have worked for at least two years, and show that they are financially struggling.
For the Stanford MBA program, applicants must meet the usual requirements, such as taking the GMAT or GRE and sending in transcripts, essays, and letters of recommendation.
2. INSEAD Nelson Mandela Endowed Scholarship:
The INSEAD Nelson Mandela Endowed Grant is a prestigious grant program named after the late Nelson Mandela, who was the president of South Africa and a well-known advocate for peace, justice, and human rights.
The scholarship is meant to help high-achieving African students who show strong leadership ability and a desire to help their home countries grow and improve.
The fully funded MBA scholarship covers all of the costs of the INSEAD MBA program, which is given at the school’s campuses in France, Singapore, and Abu Dhabi, as well as a living stipend.
The grant is open to people who live in a sub-Saharan African country and have worked in Africa for at least two years.
Applicants must send INSEAD a completed MBA application with essays, transcripts, test scores, and letters of support to be considered for the scholarship.
You also have to send in a second essay that talks about their leadership experience and how they plan to help their home country grow after getting the fully funded MBA scholarship.
3. Harvard Business School Africa Fellowship:
The Harvard Business School (HBS) Africa Fellowship is a program that helps excellent African students who are accepted into the school’s MBA program. The grant helps pay for tuition and fees for both years of the fully funded MBA program. It also gives a small stipend for living expenses throughout the program duration.
Applicants must be from an African country and have lived, worked, or gone to school in Africa to be qualified for the fellowship. They must also show that they want to help Africa grow and improve through their job goals and leadership skills.
Those who want to join the HBS MBA program must first apply and be accepted through the normal process. After being accepted, they can submit a separate application for the Africa Fellowship, which includes essays and letters of reference.
4. Fulbright Foreign Student Program:
The USA government pays for the Fulbright Foreign Student Programme, which gives graduate students, young workers, and artists from other countries the chance to study and do research in the USA.
The program offers full scholarships that cover tuition and fees, travel costs, health insurance, and a living stipend for the length of the program.
Students and professionals from all areas, including the sciences, humanities, social sciences, and creative arts, are welcome to join the program.
Those who want to apply must have a bachelor’s degree and have worked in their field for at least two years.
They must also have a good academic record and be able to speak English fluently. They must also have a clear plan for their research or study while in the USA as an MBA student.
To apply for the program, applicants must fill out an online application that includes personal and academic information, essays, letters of reference, and official transcripts.
Depending on their area of study, they may also have to take standardized tests like the TOEFL or GRE.
5. Chevening Fully Funded MBA Scholarship:
The Chevening Fully Funded MBA Scholarship is a famous international scholarship program funded by the UK government. It gives outstanding people with leadership potential from all over the world full funding to get a master’s degree at any UK university for one year.
The scholarship pays for tuition, a living allowance, travel to and from the UK, and money for books and other bills. Chevening students also get access to a wide range of exclusive academic, professional, and cultural experiences, such as a tailored career and skills development program, access to the Chevening community, and chances to network with leaders from different fields.
For the Chevening Fully Funded MBA Scholarship, applicants must be from one of more than 160 qualified countries, have worked for at least two years, have a bachelor’s degree or the equivalent, and meet the academic requirements for the course they want to take in the UK.
They must also show that they can lead, have a strong intellectual background, and want to help their home country grow.
Applicants have to fill out an online application that includes personal and academic information, writings, and references. Interviews and other tests may also be required.
6. Erasmus+ Master Degree Loans:
Erasmus+ Master Degree Loans is a financial aid program that gives loans to students from European Union (EU) member states and some partner countries so they can get a master’s degree in another EU country.
The European Investment Fund (EIF) is giving out the funds, which are backed by the Erasmus+ program of the European Union.
They can be used to study at any recognized university or college in an EU country that is part of the Erasmus+ program. They pay for both tuition and living costs.
For an Erasmus+ Master Degree Loan, applicants must be citizens of an EU member state or one of the contributing partner countries, have been accepted into an Erasmus+ Master’s degree program, and pass a credit check.
Applicants must also show that they have a plan for paying back the credit after they graduate, as well as meeting other academic and financial requirements.
The loans have low-interest rates and can be paid back over 20 years. No security or guarantees are needed. Repayment starts two years after the loan time ends, but it can be put off for up to three years if the borrower has money problems.
Students who want to get a master’s degree in another EU country but don’t have the money to do so can get help from Erasmus+ Master Degree Loans. Go—Click here to apply now!
7. Australian Awards Scholarship:
The Australian government pays for the prestigious Australian Awards Scholarship (AAS) program. People from developing countries, such as those in the Asia-Pacific region, can take full-time bachelor or graduate courses at participating Australian universities through this fully funded MBA scholarship program.
The MBA scholarship program pays for the student’s tuition, and travel costs, and gives them money to live on while they learn.
The goal of the AAS is to help people in developing countries improve their skills and information so they can help their home countries grow when they go back.
To be qualified for the scholarship, applicants must be from a country that is part of the program, have worked for at least two years, and meet the academic requirements of the Australian university they want to attend.
8. Swedish Institute Study Scholarships:
The Swedish government gives Swedish Institute Study Scholarships (SISS) to excellent foreign students who want to get a full-time master’s degree in Sweden.
The scholarships pay for tuition, living expenses, and travel costs. They are for students who have done well in school, have the desire, and have the potential to be leaders.
The goal of the SISS program is to help students from different countries gain a global viewpoint, learn from each other’s cultures, and understand each other better.
The people who get scholarships are expected to be good representatives of their home countries and to help make Swedish higher education more open to people from other countries.
To be qualified for the fully funded MBA scholarship, applicants must have at least a bachelor’s degree from a recognized college or university, have good grades, show leadership skills, and be involved in activities outside of school.
Applicants must also have finished their bachelor’s degree by the time they start their studies in Sweden. Go—Click here to apply now!
9. Rotary Peace Fellowship:
Rotary International runs a famous international scholarship program called the Rotary Peace Fellowship. The goal of the program is to promote peace and end conflicts by giving people the skills and information they need to work towards these goals in their communities and all over the world.
People who have a bachelor’s degree or equivalent experience in a related area and have shown they care about peace and resolving conflicts can apply for the Rotary Peace Fellowship.
The fellowship is meant to help pay for graduate-level study at one of the Rotary Peace Centres, which are based in universities around the world.
The centers offer master’s degree programs in fields like international relations, public policy, and law that have to do with peace and ending conflicts.
The fellowship pays for tuition and fees, room and board, round-trip transportation, and a monthly stipend for the length of the program.
Fellows also have access to Rotary events, conferences, and resources, and they become part of a global network of Rotary Peace Fellows who work together to support peace and solve conflicts.
10. Asian Development Bank-Japan MBA Scholarship Program:
The Japanese government pays for the Asian Development Bank-Japan MBA Scholarship Programme (ADB-JSP). The Asian Development Bank (ADB) is in charge of running the program.
Students from developing countries in the Asia-Pacific region can get scholarships to study at universities in Japan in areas that have to do with development.
The grant pays for tuition, a monthly stipend to cover living costs, housing, insurance, and travel costs.
The goal of the ADB-JSP is to give bright people from developing countries who want to help with economic and social growth in their home countries access to high-quality education and training.
To be qualified for the scholarship, applicants must have a bachelor’s degree or the equivalent from an accredited university, at least two years of work experience, and be under 35 years old.
Applicants must also be from a country that is a member of the ADB and agree to go back home after they finish their studies.
11. Joint Japan/World Bank Graduate Scholarship Program:
The Japanese government and the World Bank both pay for the Joint Japan/World Bank Graduate Scholarship Programme (JJ/WBGSP), which is a MBA scholarship program.
Students from developing countries can get scholarships to go to graduate school in areas related to development at universities all over the world.
The grant pays for tuition, gives a monthly stipend, pays for travel, and covers health insurance.
The goal of the program is to help people who are committed to improving economic and social growth in their home countries and who have the skills and knowledge to do so.
To be qualified for the scholarship, applicants must be citizens of a World Bank member country and not have dual citizenship with a developed country.
Applicants must also have at least three years of applicable work experience, a bachelor’s degree or its equivalent, and be under 45 years old at the time of application.
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Conclusion
Getting a Master of Business Administration (MBA) degree is a great way to move up in your job and make more money. But the high cost of education can be a big problem for students from other countries.
In 2023, foreign students can apply for several fully funded MBA scholarships that cover all of their costs. From the Stanford Africa MBA Fellowship to the Joint Japan/World Bank Graduate Scholarship Program, these scholarships help pay for education, living costs, and travel.
It is important to look into the requirements for each scholarship and make sure your application is good. So, if you are an international student who wants to get an MBA degree, use these scholarship chances to make your dream come true!
