MBA Scholarship in India
Discover valuable insights about IIM Placements in 2023. Stay informed about campus placements at IIM for the year 2023.
Discover valuable insights about IIM Placements in 2023. Stay informed about campus placements at IIM for the year 2023.
Scholarship Opportunities for MBA Programs in India – The Master of Business Administration (MBA) is an incredibly popular course that holds the promise of a rewarding career for ambitious students. For many, it represents not just an academic pursuit, but a cherished dream that often goes unfulfilled due to the substantial financial burden it entails.
In light of the considerable costs associated with pursuing an MBA, a multitude of institutions and organizations in India offer financial support in the form of MBA scholarships. These scholarships serve as a lifeline for deserving students, enabling them to embark on the journey of this prestigious yet costly program, effectively addressing the financial barrier they would otherwise face.
In India, numerous MBA scholarships are accessible. The information is detailed in the table below:
| Scholarship | Eligibility |
|---|---|
| IIM Ahmedabad MBA Scholarships | For postgraduate students whose gross family income does not exceed Rs. 15,00,000, various criteria are considered, including annual family income, asset ownership, and the number of dependents |
| IIM Lucknow MBA Scholarship | Postgraduate students whose household income is less than Rs. 8,00,000 face financial hardships due to unforeseen circumstances |
| IIM Bangalore MBA Scholarships | Shortlisted based on merit are postgraduate students whose families earn less than Rs. 4,00,000 |
| IIM Bangalore MBA Scholarships | Shortlisted based on merit are postgraduate students whose families earn less than Rs. 4,00,000 |
| Scholarship for SC/ST candidates (IIM Ahmedabad) | SC/ST postgraduate programmes are eligible for a monthly stipend of INR 150 for a duration of 10 months |
| BML Munjal University MBA Scholarship | Applicants are welcome to submit an application for the MBA program at BML Munjal University. Variable amount for CAT/XAT/GMAT percentile |
| Post Graduate Scholarship for Professional Courses for SC/ST | SC/ST category; Beginning with the first year of the postgraduate professional program Universities/institutions/colleges are governed by UGC Act sections 2(f) and 12(B). Universities that meet the criteria outlined in Section 3 of the UGC Act, 1956 are qualified to obtain grants-in-aid from the UGC. Funded universities/institutions/colleges designated as Institutes of National Importance by the Central and State Governments |
| Merit Cum Means Scholarship for Professional and Technical Courses CS (Minorities) | For minority communities seeking admission to technical or professional courses at the undergraduate or postgraduate level, the following requirements must be met: an equivalent or minimum of 50% in the previous final examination; an annual family income of INR 2.50 Lakh from all sources; admission determined by a competitive entrance examination; or a Class 12 or graduation grade point average of at least 50% (for direct admission) |
| ONGC Scholarship | General category applicants must be enrolled in their initial year of an MBA/Engineering/MBBS/Master of Geology programme, possess a minimum grade point average of 60% or its equivalent from grade 12 and graduation, have an annual family income not surpassing INR 2 lakhs, and be no older than 30 years old. 48,000 INR annually |
| IDFC FIRST Bank MBA Scholarship | Individuals who are Indian nationals and exclusively reside in India and meet the following criteria: an annual gross family income of INR 6 Lakhs or less from all sources; enrollment in the first year of an MBA programme (or its equivalent); and a minimum of INR 1,00,000 (INR 1.00 Lakh per year |
| T. Thomas Scholarship (IIM Ahmedabad) | The selection process for a second-year student at Hindustan Unilever Limited is merit-based |
| OP Jindal Engineering and Management Scholarships (OPJEMS) | On the basis of the entrance exam, twenty first-year students from various B-Schools will be admitted to the Postgraduate Programme in Management (PGP). Students in their second, third, and fourth years will be chosen on the basis of their academic performance from the previous year |
| IMT EWS Scholarships | Students classified as Economically Weaker Sections (EWS) and enrolled in a two-year PGDM programme approved by the AICTE. Ten qualified applicants were selected from IMT Ghaziabad, five from IMT Nagpur, and five from IMT Hyderabad |
| Aditya Birla Group Scholarship | The XLRI Jamshedpur institution admits students from the following institutions: IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kozhikode, IIM Indore, IIM Shillong, and the top 20 students as determined by admissions rankings |
| IIMA Special Needs Scholarship (IIM Ahmedabad) | The postgraduate programme requires a gross family income of less than 15,000,000 INR. |
In summary, MBA scholarships in India serve as a vital catalyst for educational and professional advancement, fostering diversity, excellence, and economic growth by providing financial support to deserving candidates pursuing management education. These scholarships empower individuals to contribute to India's business landscape and its global competitiveness, ensuring that the nation continues to produce skilled and innovative business leaders.
Maxxcell Institute is really good at helping students get ready for the CAT exam, which is important for getting into top management schools in India. We have a well organized program led by experienced teachers. We make sure to cover all the important topics, help students solve problems, teach them how to manage their time, and give lots of practice tests. All of this is designed to give students the knowledge and skills they need to do well in the tough CAT exam and improve their chances of getting into the best management schools in India.