MBA Scholarships 2023 – Complete List, Eligibility, Awards

MBA Scholarships 2023 – Pursuing an MBA (Masters in Business Administration) is a preferred course choice among Indian students who desire to enhance their business management skills. However, obtaining an MBA degree can be a significant financial burden for students, particularly when considering studying abroad or at renowned Indian institutions. Thus, to alleviate this financial strain, numerous scholarships are available that provide financial support to deserving candidates.

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In addition to covering tuition fees, these scholarships offer additional perks including living expenses, stipends, and other allowances. The eligibility criteria for MBA scholarships typically consider academic excellence, work experience, extracurricular activities, community service, and other achievements.

In this article, detailed information about various scholarships, eligibility criteria, awards, and other details are mentioned. The students can check the details below before applying for a scholarship scheme.

Note – The scholarship opportunities listed in this article are subject to change. Thus, visiting the respective scholarship websites for recent information regarding MBA Scholarships 2023 and application deadlines is essential. 

MBA Scholarships 2023 – Highlights

Name of the Content MBA Scholarships 2023
Beneficiary Students studying masters of business administration 
Types of Scholarships Merit and Means-based
Benefits Depending on each scholarship scheme
Application Mode Online
Academic Session 2023-24

MBA Scholarships 2023 – A Complete List

There are various types of MBA scholarships that students can apply for. The most common ones include: 

  • Merit-Based Scholarships: These scholarships are provided to students based on their academic achievements, such as good CGPAs or exceptional test scores.
  • Need-Based Scholarships: Need-based scholarships are awarded to students who demonstrate significant financial need. These scholarships take into factors such as annual family income, family size, and other financial obligations.
  • Corporate-Sponsored Scholarships: These scholarships are provided by renowned corporations interested in encouraging future business leaders and building strong relationships with educational institutions.

Based on the criteria mentioned above, here is a compiled list of top MBA scholarships 2023 that provide opportunities for students to pursue their educational goals.

SBIF Asha Scholarship Program 2023

Buddy4Study - IDFC FIRST

Scholarship Provider – SBI Foundation

Eligibility Criteria – 

  • Students from all across India, regardless of their geographical location are eligible to apply for the program.
  • The annual family income of the applicants should not exceed INR 3,00,000.
  • The applicants must be pursuing MBA/PGDM from IIMs and the first year of undergraduate studies from top NIRF universities/colleges and IITs.

Award – The selected candidates can receive up to INR 2,00,000 for one year.

How to Apply – Interested and eligible students can apply through the Buddy4Study portal.

Application Deadline – May 31, 2023

Career Assessment Test

Prodigy Finance-GyanDhan Scholarship 2023

Scholarship Provider – GyanDhan

Eligibility Criteria – 

  • Students who desire to pursue MS and MBA programs in countries like the USA, Canada, and the UK are eligible to apply.
  • Students must be Indian residents and hold an undergraduate degree from an Indian institute.
  • The applicants must have accepted an offer from a university before GyanDhan selects the winners in September 2023.
  • It is required for applicants to apply for an education loan through GyanDhan at Prodigy Finance. 

Award – The selected candidates can receive a one-time award of $2,500.

How to Apply – Interested and eligible students can apply through the Buddy4Study portal or through the official website of GyanDhan.

Application Deadline – August 31, 2023

GREAT Scholarships 2023

Scholarship Provider – Keele University 

Eligibility Criteria – 

  • Students must hold Indian citizenship.
  • Candidates must be enrolled in MBA/PGDM programme.
  • The applicants must meet the English language requirements specified by the UK Higher Education Institution (HEI).
  • Students must possess an undergraduate degree and have an interest in studying in the UK.

Award – The selected Indian students will receive £10,000 towards tuition fees for their one-year master’s programme in the 2023-24 academic year.

How to Apply – Interested and eligible students can apply through the Great Scholarships portal.

Application Deadline – May 31, 2023

IIM Scholarships

IIM (Indian Institutes of Management) scholarships are financial aids offered to students pursuing management education at renowned IIMs. The selection process considers essential factors such as academic performance, entrance exam scores, work experience, extracurricular involvement, and socio-economic background. However, some scholarships may also be specifically targeted towards underprivileged students or candidates belonging to specific categories.

The common eligibility criteria for these scholarships include the following:

Eligibility Criteria – 

  • Students must be enrolled in MBA/PGDM programmes at IIMs.
  • The annual income of the applicant’s family must be below INR 9,00,000.
  • Candidates must maintain 60% marks throughout their academic years to be eligible for the scholarship for their subsequent years.

1. Scholarship Provider – IIM – Bangalore

  • Citi Women’s Leader Award – The merit-based scholarship covers the tuition expenses for second-year students and is awarded to candidates who rank within the top 25% of the batch.
  • Runwal Education Trust Scholarship – This scholarship is given to Post Graduate Programme in Management (PGP) students taking into account their academic performance in the fifth year as well as their financial needs. The selected students receive a cash prize of INR 100,000, along with a medal and a certificate.
  • Siddhartha Padam Award – This scholarship is for PGP students who secure top positions in Director’s Merit List and attains the highest CGPA in specific subjects including, Economics and Finance & Accounting.

2. Scholarship Provider – IIM – Nagpur

IIM – Nagpur provides merit scholarships to candidates securing 95% marks or above in the CAT exam and merit scholarships to those with a family income of less than INR 5 lakh.

Here is a list of merit-cum-means scholarships for professional and technical courses:

  • Scholarships for Top-Class Education for Students with Disabilities
  • Top Class Education Scheme for SC Students
  • National Fellowship and Scholarship for Higher Education of ST Students
  • Chief Minister Fellowship Yojana (CMFY) – Jharkhand
  • Rajarshi Shahu Maharaj Merit Scholarship to SC students – Maharashtra

3. Scholarship Provider – IIM – Kashipur

IIM Kashipur provides a full fee waiver to PGP students in their first and second year. The division of students and the basis for providing scholarships are as follows:

  • Participants on the basis of Need
  • Participants on the basis of Need cum Merit
  • Participants on the basis of Merit

4. Scholarship Provider – IIM – Kozhikode

  • IIMK Merit Scholarship – The IIMK Merit Scholarship is granted to first and second-year students of PG programmes based on their academic performance.
  • IIMK Need-Based Financial Assistance – The candidates are required to follow the below-mentioned eligibility criteria before applying for the scholarship – 
    • Students applying for NBFA must have a gross annual family income of less than or equal to INR 8,00,000.
    • To be eligible, students should have obtained an education loan to finance their studies at the Institute.
    • Applicants need to furnish the loan disbursement details for the first year in the prescribed format provided by the bank authorities.
    • It is essential for students awarded the scholarship to have maintained a record of academic integrity and not been involved in any act of academic indiscipline.
  • National Fellowship and Scholarship for Higher Education of ST Students – The eligibility for this scholarship is determined by the annual parental income from all sources, with a maximum income limit of INR 6,00,000.
  • Top Class Education Scheme for SC Students – The eligibility for this scholarship is also determined by the annual parental income from all sources, with a maximum income limit of INR 8,00,000.

S.N Bose Scholars PG Program

Scholarship Provider – Indo-U.S. Science and Technology Forum (IUSSTF)

Eligibility Criteria – 

  • This scholarship opportunity is open to Indian citizens who are currently enrolled in a Bachelor’s or Master’s degree program at a recognized institution of higher education in India. 
  • The eligible fields of study include Management Sciences, Sustainability Development, Atmospheric and Earth Sciences, Chemical Sciences, Engineering Sciences, Mathematical and Computational Sciences, and Physical Sciences.

Award – The selected students will receive a stipend, health insurance, and airfare.

How to Apply – Interested and eligible students can apply through the IUSSTF website.

Application Deadline – April – July 2023 (tentative)

OP Jindal Engineering and Management Scholarship (OPJEMS)

Scholarship Provider – OP Jindal Group

Eligibility Criteria – To be eligible, applicants must be enrolled in a management course in a recognised institution.

Selection Process – The selection process for 1st-year students will be through the entrance exam while for the 2nd, 3rd, and 4th-year students will be based on the academic performance of the previous year.

How to Apply – Interested and eligible students can apply through the OPJEMS website.

Application Deadline – Varies as per the decision of the scholarship providers

Participating Institutes under OJEMS

  • IIM – Ahmedabad
  • XLRI – Jamshedpur
  • Jindal Global Business School – Sonipat
  • SPJIMR – Mumbai
  • IIM – Bangalore 
  • IIM – Calcutta
  • IIM – Kozhikode
  • IIM – Ranchi
  • IIM – Raipur
  • JBIMS – Mumbai
  • IIFT – Delhi
  • IIM – Shillong
  • OPJU – Raigarh
  • IIM – Sambalpur
  • IIM – Rohtak

ONGC Scholarship to Meritorious Students

Scholarship Provider – ONGC Foundation

Eligibility Criteria – 

  • Students must belong to the SC/ST/OBC and General categories.
  • The interested applicants must have enrolled in MBBS, MBA or Master in Geophysics/Geology programme.

Award – The selected students will receive INR 48,000 per annum.

How to Apply – Interested and eligible students can apply either through the application portal or through the ONGC website.

Application Deadline – July 8, 2023

Also Read –

MBA Scholarships 2023 – FAQs

What is the last date to apply for the ONGC Scholarship to Meritorious Students 2022-23?

The last date to apply for the ONGC Scholarship to Meritorious Students 2022-23 is July 8, 2023.

Do government institutions provide scholarships for MBAs?

Yes, government institutions provide scholarships for MBAs. one of the scholarship schemes is Rajarshi Chhatrapati Shahu Maharaj Shikshan Shulk Shishyavrutti Scheme.

What are the requirements for securing MBA scholarships 2023?

The MBA scholarships 2023 are provided to the students based on their academic performance, work experience, extracurricular activities, community service, and other achievements.

Do CAT toppers get the MBA Scholarships 2023?

Yes, CAT, XAT, IIFT, NMAT, SNAP, TISSNET, CMAT, MAT, IBSAT, and GMAT toppers are eligible for receiving government and private scholarships for pursuing their MBA studies.

What are the benefits of MBA Scholarships 2023?

The benefits of MBA Scholarships 2023 vary depending on the specific scholarship scheme. While some scholarships may cover tuition fees partially or in full, others may provide additional financial support for financing educational resources.

Scholarships For

Upto Class 8 Class 1 to10 (Pre-Matric) Class 9 to 10 (Pre-Matric) Post-Matric(Class 11-12) Class 11 & 12 Class 12 passed Polytechnic/Diploma/ITI ITI Diploma/Polytechnic Graduation Post-Graduation Medical Engineering Girls NSP Portal Income Based SC/ST/OBC Law

Scholarship by State

NSP Scholarships Andhra Pradesh Arunachal Pradesh Assam Bihar Chandigarh Chhattisgarh Delhi Goa Gujarat Haryana Himachal Pradesh Jammu & Kashmir Jharkhand Karnataka Kerala Madhya Pradesh Maharashtra Manipur Meghalaya Mizoram Nagaland Odisha Punjab Rajasthan Sikkim Tamil Nadu Telangana Tripura Uttar Pradesh Uttarakhand West Bengal

Scholarships A to Z

Abdul Kalam Scholarship Aicte Internship AICTE NSP Scholarships Aicte Scholarship Aicte Swanath Scholarship Aikyashree Arunachal Pradesh scholarship Assam Scholarship Atul Maheshwari Scholarship Begum Hazrat Mahal National Scholarship Bihar Scholarship BYPL Sashakt Scholarship CBSE Scholarship Central Sector Scholarship CG Scholarship CG Scholarship Portal Chandigarh Scholarship Colgate Scholarship DCE Scholarship Delhi Scholarship Dhirubhai Ambani Scholarship Status of the Digital Gujarat Scholarship Disability Certificate Domicile Certificate Dr. Ambedkar Scholarship Dr. Ambedkar Scholarship, Haryana DRDO Scholarship Scheme For Girls DTE Scholarship in Maharashtra E Grantz E Grantz Login E Grantz Scholarship Status Kalyan Bihar Portal E Kalyan Status Epass Karnataka Ericsson Empowering Girls Scholarship Programme E. Samaj Kalyan Fellowships in India Gokdom Government Scholarships GSK Scholars Programme Gujarat Scholarship Haryana Scholarship Haryana Scholarship Portal HDFC Badhte Kadam Scholarship How to get a Caste Certificate HP Scholarship IET-India Scholarship Awards Immigration-Friendly Countries Income Certificate Indira Gandhi Single Girl Child Scholarship Inspire Scholarship Ishan Uday ITI Scholarships Jammu and Kashmir Scholarship Jharkhand Scholarship Jnanabhumi Application Status Kanyashree Karepass Karnataka Scholarships Kotak Kanya Scholarship Ladli Yojna Legrand Scholarship Mahadbt Mahadbt Login Mahadbt Scholarship Status Maharashtra Pre-Matric Scholarship Maharashtra Scholarship Manipur Scholarship MBA Scholarships in India MCM Scholarship Means Scholarship Meghalaya Scholarships Merck India Charitable Trust Scholarship Programme Merit Cum Means Scholarship For Minorities MHRD Scholarship MI Scholarship MOMA Scholarships MP Scholarship MP Scholarship Kyc MP Scholarship Portal MP Scholarship Status MYSY Scholarship Nabanna Scholarship Nagaland Scholarship National Scholarship Portal National Scholarship Portal (NSP) NMMS NSP Login NSP Renewal NSP UGC Scholarships Oasis Scholarship Oasis Scholarship Status OBC Scholarships Odisha Scholarship Olympiad ONGC Scholarship PFMS Login PFMS Scholarship Phd Scholarships PMRF PM Scholarship PMSSS Post Matric Scholarship Post-Matric Scholarship for Minorities Pragati Scholarship Pre-Matric Scholarship Pre-Matric Scholarship for Minorities Prerana Rajasthan Scholarship Rolls-Royce Unnati Scholarship Saksham Scholarship Programme for Drivers Children Saksham Scholarship Scheme Santoor Women's Scholarship SBI Asha Scholarship Programme SBI Education Loan SBI General Suraksha Support Scholarship Programme Schaeffler-India Hope Engineering Scholarship Scholarship Application Dos and Don'ts Scholarship Form Scholarships for Diploma Courses Scholarships for Indian Girls and Women Scholarships for North Eastern Students Scholarships for PG Students Scholarships for Undergraduates Scholarships in India Scholarship Status SC Scholarship SC ST Obc Scholarship Sensodyne Ida Shining Star Scholarship Programme Sitaram Jindal Scholarship SSP Scholarship ST Scholarship SVMCM Scholarship Eligibility Swami Vivekananda Scholarship Swami Vivekananda Scholarship Technip Energies India Scholarship Programme Telangana Scholarship The Tata Capital Pankh Scholarship Programme Top Scholarships for Medical Students Top Scholarships For Students Of Andhra Pradesh Tripura Scholarship Ugc Scholarship UP Post-Matric Scholarships UP Pre-Matric Scholarships UP Scholarship UP Scholarship Correction UP Scholarship Login UP Scholarship Registration UP Scholarship Renewal UP Scholarship Status Uttarakhand Scholarship Vidyalakshmi Portal Virchow Scholarship Programme VHTC WBMDFC West Bengal Scholarship