In our research about full-tuition scholarship at business schools outside of the US, we found that quite a number of business schools offer partial tuition scholarships that also significantly cut the costs of a management education. We couldn’t keep this information to ourselves!
London Business School – London, England
Number of partial scholarships available: Over 30 different scholarships
Average class size for full-time MBA program: about 205
How to apply: Some are awarded solely on consideration of the original MBA application. Others require submission of additional material. Many scholarships are based on the candidate’s country of origin. A number of scholarships are available solely to female candidates.
Lancaster University Management School – Lancaster, England
Number of partial scholarships available: 3 different types
Average class size for full-time MBA program: about 40-50
How to apply: Only awarded to candidates who have been awarded a place in the program with the submission of general application and evidence of exceptional leadership qualities. One particular scholarship is designed for German-speaking students and sponsored exclusively for members of the German website e-fellows.net.
IESE Business School, University of Navarra – Campuses in Barcelona and Madrid, Spain
Number of partial scholarships available: about 15 different types of scholarships, 1 of them is awarded to 20-30 students per year
Average class size for full-time MBA program: about 215
How to apply: No separate scholarship application is required although some scholarships are awarded to strictly to female candidates, candidates from developing countries, or candidates from Asian countries.
INSEAD - Fontainebleau, France
Number of partial scholarships available: about 45 different types of scholarships
Average class size for full-time MBA program: 830
How to apply: For most of the scholarships, no separate scholarship application is required. Some are based on merit and some based on financial need.
Copenhagen Business School – Copenhagen, Denmark
Number of partial scholarships available: 18 scholarships for students from outside the EU/EEA
Average class size for full-time MBA program: about 40
How to apply: No separate application or additional materials necessary to be eligible. Students receiving a scholarship may not receive a scholarship from their home country or be entitled to a state education grant or any other public support in Denmark.
International Institute of Management and Development (IMD) – Lausanne, Switzerland
Number of partial scholarships available: 7
Average class size for full-time MBA program: 90
How to apply: Accepted candidates for the program are considered for most of the scholarships.
Most of us think that getting a management education simultaneously means earning an MBA and accumulating a large amount of debt in student loans. Inspired by a recent article from BusinessWeek which challenged this notion with a report on full-tuition fellowships, we performed extensive research and data collection on our own and summarized our findings in three segments.
Today, we will present key data of full-tuition fellowships from many of the top US management programs including Berkeley’s Haas, Columbia, and University of Chicago. In the next two articles, we will cover major non-US schools.
During your application process, do not overlook these fellowships. Many schools usually require one extra essay or interview to be eligible for a two-year, full-tuition fellowship. The list of fellowships at the schools below may surprise you.
University of Chicago
Number of fellowships awarded to 2008 entering class: 11
Average class size for full-time MBA program: 550
How to apply: Most admitted applicants are automatically considered at the time of the application, but many have additional required interviews as part of the final selection process. All of the fellowships have a mentoring component.
Number of fellowships awarded to 2008 entering class: About 25
Average class size: 1,196
How to apply: Automatically considered with application
Number of fellowships awarded to 2008 entering class: 25
Average class size: 918
How to apply: Scholarships are awarded based on financial need. To apply, complete and submit a financial aid application upon admission
California Berkeley Haas
Number of fellowships awarded to 2008 entering class: 14
Average class size: 250
How to apply: For most of the fellowships, students automatically quality with application. For one particular fellowship, an additional essay is required.
Number of fellowships awarded to 2008 entering class: 10-12
Average class size: 375
How to apply: Automatic consideration with application
Number of fellowships awarded to 2008 entering class: 10
Average class size: 825
How to apply: Selection is based on the a number of criteria such as personal background, leadership, and integrity. Students who fit the criteria must complete a separate financial aid form.
Number of fellowships awarded to 2008 entering class: 61
Average class size: 632
How to apply: All admitted applicants are considered. For one fellowship, a separate application is required
Number of fellowships awarded to 2008 entering class: 11
Average class size: 180
How to apply: All applicants are considered for merit scholarships
The bottom line is that it is definitely worthwhile to perhaps write an extra essay if it means earning a savings of $200,000 for your education. For many of the fellowships, all admitted applicants qualify.
For a list of more business schools that offer full-tuition fellowships, please refer to this insightful article in BusinessWeek.
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