Below is our compiled list (for more information on the scholarship offering, click on the names of each school):

The Rotman School of Management, University of Toronto – Toronto, Canada

Number of fellowships awarded each year: : 8 in total

- 5 general full-tuition scholarships

- 1 for the top Canadian male applicant

- 1 for the top Canadian female applicant, and

- 1 for the top international student

Average class size for full-time MBA program: 264

How to apply: No separate scholarship application is required. Candidates are automatically considered for scholarships during the application review.

HEC Montreal – Montreal, Canada

Number of fellowships awarded each year: about 6

Average class size for full-time MBA program: 175

How to apply: No separate scholarship application is required.

Nyenrode Business Universiteit - Breukelen, the Netherlands

Number of fellowships awarded each year: 12 in total

- 5 for students of any nationality

- 7 for students from specific regions/countries including Mexico, Vietnam, China, and Indonesia

Average class size for full-time MBA program: Not listed

How to apply: No separate scholarship application is required.

Rotterdam School of Management, Erasmus Graduate School of Business - Rotterdam,the Netherlands

Number of fellowships awarded each year: 4

Average class size for full-time MBA program: 350

How to apply: No separate scholarship application is required.

Melbourne Business School, University of Melbourne – Melbourne, Australia

Number of fellowships awarded each year: 3 in total

- 2 for students who are descended from, identify with, and are accepted by a designated Australian Indigenous community and

- 1 for an international student

Average class size for full-time MBA program: 90

How to apply: All successful MBA candidates are automatically considered for scholarship support and successful candidates are notified as part of the admissions process.

Westminster Business School, University of Westminster – London, England

Number of fellowships awarded each year: Not announced

Average class size for full-time MBA program: Not announced

How to apply:  Selection is based on excellent scholastic record in undergraduate studies and/or evidence of excellence in previous employment, business and community service. International applicants from developing countries are considered.

China Europe International Business School – 3 campuses in China: Shanghai, Beijing, Shenzhen

Number of fellowships awarded to 2008 entering class: 6

Average class size for full-time MBA program: 196

How to apply:  Selection is based on financial need.

The programs above also all offered numerous partial scholarships. So, again, we say-do NOT be scared of tuition prices! Inquire at your dream schools to find out about their scholarship offerings.

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.

Columbia

Number of fellowships awarded to 2008 entering class: About 25

Average class size: 1,196

How to apply: Automatically considered with application

Harvard

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.

MIT Sloan

Number of fellowships awarded to 2008 entering class: 10-12

Average class size: 375

How to apply: Automatic consideration with application

Pennsylvania Wharton

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.

Virginia Darden

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

Yale

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.