MBA is considered very expensive and highly reputed course in India. Not everyone can afford to take admission in top MBA colleges. Here are some of the scholarship offered by some B- schools in India.
As we all know, MBA in India is very expensive. Hardly some of the students can afford the fees and other related aspects like hostel fee, etc. especially when it comes to the top MBA colleges like IIM, MDI Gurgaon, ISB Hyderabad and many more. Many of the students take educational loan so as to fulfill their MBA fees along with hostel fees and tution fees in order to join the most popular colleges for MBA.
For making the MBA programme affordable and accesible for all, the top B- schools have adopted a very different admission process in order to give equal chances to the aspirants who are willing to take admission in MBA but are facing difficulties due to financial condidtions. The top Indian MBA colleges offer several types of scholarships to support the students financially.
Eligibility Criteria for Getting Scholarship
Usually, these scholarships are rewarded to those students who perform excellent in the MBA entrance exams or to those students who have been showing great talent and impeccable performance after joining the course. Some of the scholarships are awarded to the students who have the best track record in their academic curriculum. Someone who is a really talented and aspiring MBA student can surely take the advantages of these scholarships.
List of Colleges Alongwith the Scholarships
There are many institutions which provide several scholarships to the students.
IIM Ahmedabad
IIM ahmedabad is a dream for every student who is willing to do MBA. Being the best institute of India in management, it offers many scholarships for the students:
| Scholarship Name | Eligibility | Amount |
|---|---|---|
| IIMA special need based scholarships | For economically weak students who wish to pursue PGP or PGP-ABM. It is based on the family income of the student. | Depends on the annual gross family income. |
| Family income linked tution fee waiver scheme | For those students whose family income is less than 6 lakhs in the previous financial year. | NA |
| IIMA special scholarships(need based) | For those students whose family income is less than 2 lakhs in the previous financial year. Only the income of the guardian/parents is considered in this scholarship and not of any siblings. | NA |
| Industry scholarships(need based) | For those students who have not registered for the IIMA special scholarship. | NA |
| SC/ST scholarships | For only SC/ST students having valid certificates. | Rs.150/- per month for 10 months. |
| GOI merit cum means scholarship | For those students of first and second year belonging to a non-sponsored student body. Only 25% students can get this scholarship. | Rs. 2,200/- per year |
| Aditya Birla Group scholarships | For only 6 students who are selected by the ABG on the basis of merit. | Rs. 1.25 lakh per student per annum. |
| OP Jindal engineering and management scholars | For only 2 students based on their academic performance alongwith an online test and interview. | NA |
| Dunia scholarship for scholastic excellence | For 2 students based on the merit. | Rs. 1 lakh per student. |
| Ocwen scholarship for competence in academics | For only a first year student shortlisted through PI and research paper. | NA |
| ONGC SC/ST merit cum means scholarship | For only few SC/ST students. | NA |
| State scholarship | For some of the best students whose education is funded by the state government. | NA |
IIM Bangalore
After IIM Ahmedabad, the second best institute for management courses is IIM Bangalore. IIM Bangalore also hosts many scholarships for the aspiring MBA applicants.
| Scholarship Name | Eligibility | Amount |
|---|---|---|
| Aditya Birla scholarships | For those 25% top students from first and second year of their respective batches. | Rs. 1.75 lakhs per student |
| Uday Nayak scholarships | For a second year student. | Rs. 10,000/- |
| T Thomas scholarship | For a second year student based on the performance. | Rs. 1 lakh |
| OPJEMS scholarships | For 2 students each from first and second year | Rs. 1.25 lakh per student |
| Rajesh Kaushik Memorial scholarship | Merit based scholarship | Rs. 1.50 lakh per annum |
| Ocwen Financial Solutions Private Limited | For a student who is selected on the basis of research paper submitted by the students | Rs. 1.80 lakh |
| Cognizant Technology Solutions- B'izard scholar | For three students who are selected on the basis of leadership qualities, willingness to study further and on the basis of academic excellence. | Winner-Rs. 3 lakhs, 1st runner up- Rs. 2 lakhs, 2nd runner up- Rs. 3 lakhs |
| Societe Generale Global Solution Centre India scholarship | Selection of students on the basis of interview and who have a great need of this scholarship | Full tution fee waiver |
IIM Lucknow
IIM Lucknow holds the distinct position of having the largest batch of MBA students. It also offers many scholarships.
| Scholarship Name | Eligibility | Amount |
|---|---|---|
| Need based IIML scholaships | For those 15% students having a family income less than Rs. 1.50 lakh and based on their academic performance. | NA |
| Industry sponsored scholarships | Selection of students according to their academic performance. | Varies from 6,000 to 1 lakh per annum. |
| Merit cum means scholarships | For 25% students who are subjected to specified norms. | Rs. 2200 per student per annum |
| Bharti scholarship | For both the first and secong year students whose annual income is less than Rs. 1.08 lakhs. | Rs. 50,000 per annum |
| SC/ST scholarships | For all SC/ST students. | Rs. 1500 per annum |
| Other scholarships | Students are shortlisted on the basis of their fees and family income which are covered by the state government. | NA |
MDI Gurgaon
MDI Gurgaon, one of the best private B-schools in India offers plenty of scholarships. As in private institute, there is always a high fees along with quality education, MDI Gurgaon have something new for the aspiring MBA students.
| Scholarship Name | Eligibility | Amount |
|---|---|---|
| Merit based scholarship | Only 5 students are selected at the end of the second year. | Rs. 10,000 per student |
| Eiffel scholarship | For those students who are opting for dual degree for International Scholarship in France. | NA |
| DAAD scholarship | Students are selected from various B-school in Germany for financial aid. | NA |
IRMA Anand
IRMA Anand offers a management course in rural management. Along with the management course, IRMA also offers scholarships for the students to lighten their burden.
| Scholarship Name | Details |
|---|---|
| Merit based scholarship from Sir Ratan Tata | For five students covering their part of the fees for the second year. Subjected to a ceiling of Rs. 50,000 per year for second year students on year to year basis. |
| Scholarships for SC/ST | For 15 students of SC/ST category covering their entire cost. |
| GOI scholarships to IRMA SC/ST students | For 10 students. |
| Scholarships from the ministry of tribal affairs | For 5 ST candidates only. |
| National dairy development board scholarships | For SC/ST students. |
ISB Hyderabad
ISB Hyderabad is also one the best private institute which offers MBA courses and it also provides scholarships to both domestic as well as to international students.
| Scholarship Name | Eligibility | Amount |
|---|---|---|
| Citigroup | 4 to 6 students are selected on merit basis. | USD 12,500 |
| Novartis | 3 students are selected on merit as well as need basis. | Rs. 4 lakh |
| Nurture India | Selection of students is done on the basis of their need. | Rs. 4 lakh |
| Manhattan review scholarships | 5 students are selected on the basis of academic excellence. | Rs. 1 lakh |
| Jamboree India Talent promotion award | 5 students are selected on the basis of need and merit. | Rs. 1 lakh |
| ISB@10 global scholarship | 10 international students are selected for this scholarship on the basis of their merit. | Varies from Rs. 3 lakh to Rs. 1.5 crores |
Amity B-School
One of the most popular and well known private university of India,Amity also provides scholarship to the MBA students.The Amity B-school not only promises management education but experience based pedagogy that goes a long way in training the students well.
| Scholarship Name | Eligibility |
|---|---|
| 100% scholarship | For those students who are having 93% aggregate marks in 12th ICSE/CBSE (excluding physical education, fine arts and performing arts) and with minimum 80% of aggregate marks in graduation. |
| 50% scholarship | For those students who are having 88% in 12th and 75% in graduation. |
SRM School of Management
SRM school of management has been included recently in the list of top MBA colleges. Yet a newcomer, it also provides scholarships to the MBA students and it holds a top choice among many of the desired MBA students.
| Scholarship Name | Eligibility | Amount |
|---|---|---|
| SRM founder's scholarship | For students who are toppers in school finals, exceptional sportspersons at national and international level and are SRMEEE toppers. | Full tution fee waiver alongwith Rs. 1000/- stipend per month |
| Merit scholarship | For students who have secured 95% and above in 12th CBSE board and have secured a rank amongst 8000 in SRMEEE. | 50% tution fee waiver |
| Merit cum means scholarship | For the students based on their entrance exam performance and on their need basis | 25% to 100% tution fee waiver |
| Scholarship for minority community | For the students belonging to the minority community on the basis of performance in the entrance exam | 25% to 100% tution fee waiver |
| Scholarship for physically challenged/differently abled | For students who are physically challenged or differently abled | Full tution fee waiver |
| Scholarships for special merits | Students are selected on the basis of exceptional literary debating, fine arts and other such skills. | Tution fee waiver upto 100% |
These were some the scholarships offered by the top B-schools of India. These scholarships can help the students who wish to follow their career in MBA but not have a good financial state to fulfill the requirements of the MBA colleges.
Get all information of MBA scholarships in CollegeDekho.
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