Top 5 MBA institutes offering Scholarships in India

Most of the students are aware all about the undergraduate scholarship programmes, but they don’t tend to realize that there is merit-cum- need based scholarships available for MBA applicants too – and the underlying fact is that they are not as difficult to get as you might presume. Experts provide few tips to avail such scholarships to build up their career.

Search and Research the possibilities

Many organizations in India itself are ready to support your education and help the students with their funding who meet their requirements. You just have to take the help of internet, know the availabilities and search for all the possibilities every institution offers because “Knowing is half the battle”. A lot of scholarship opportunities in India are not well publicised so, often students are at the grey end. Internet and sources from internet would be one of the best options to know more about the scholarship funding programmes.

Also, there are few Indian organizations offering scholarships to study abroad under a contract that they would work for an Indian organization in India at least for two years. Example, Stanford Reliance Dhirubhai MBA fellowship program is for Indian nationals pursuing MBA at Stanford Graduate School of Business with the same condition as mentioned above.

Talk to the present students and Old grads

Ask the students who are currently pursuing MBA from the institute you have shortlisted to join, how they financed their education. Talk to the recent alumni and gather information. Seniors can help you with a lot many do’s and do not’s  from their personal experience. Do not hesitate to ask. Talk to the faculty and other non-teaching staff about all the possibilities before taking the admission.

Put your Best foot forward

Most of the business schools offer merit-based scholarships based completely on student’s admission application. Applicants should focus on their writing skills because exceptional essays, sharing their impressive work experiences could fetch them a fortune. Also scoring well in the competitive exams like CAT/GMAT/CET would definitely play a vital role in getting the best possible funding for your MBA program. So prepare yourself thoroughly and get ready to face any typical situation with confidence.

Be the first on the scene

When you are targeting on the scholarship money, you should apply as early as possible to your choice of B-schools because most of the schools warrant their applicants with scholarships and also shows them that you are actually interested in them. So be an early bird!

Here is a list of thoroughly analysed top 5 scholarships in India that will help your dream come true:

1. Amity Business School

Candidates who obtain minimum of 93% aggregate marks (only in the core subjects excluding languages) in their class 12 of CBSE/ICSE board and 80% aggregate in their graduation are eligible for 100% scholarship. Whereas students who secure minimum of 88% aggregate in their class 12 of the boards mentioned above and 75% aggregate in their graduation are eligible for 50% scholarship.

1. Indus Business Academy, Bangalore

Five students are awarded a merit-cum-means scholarship of Rs.10, 000 each every year.

Two meritorious students are awarded the corporate scholarship of Rs.10, 000 each every year. Students who have secured 80 percent aggregate marks in their class 10, class 12 and graduation are eligible for a Scholarship of Rs.30, 000.

Students with 60 percent aggregate marks in their class 10, class 12 and graduation and the following percentile in entrance tests are eligible for entrance test based scholarships:

Rs 40,000: 90% or above in CAT/XAT or 99% or above in MAT/ATMA/CMAT/State Govt. Tests

Rs 30,000: 80% or above in CAT/XAT or 96% or above MAT/ ATMA/CMAT/State Govt. Tests

In case a student is eligible for both the above mentioned criteria, they can choose the best option.

1. Indian Institute of Management , Ahmadabad

Various categories of scholarships based on caste, family income based tuition fee waiver, GOI merit-cum-means, industry (need based) and many other state government scholarships are provided. Also, Aditya Birla Group Scholarships: Selection for eligible candidates for these scholarships (about three each to PGP I and II) is entirely done by the ABG and is based on merit. The scholarship amount is about Rs.1.25 lakh per student p.a.

1. Indian Institute of Management, Bangalore

Students are eligible for eight different scholarship schemes which include Aditya Birla Group merit-based Scholarships (scholarship up to Rs.1.75 lakh per student) , Cognizant Technology Solutions – B’izard Scholarships (The scholarship amount is Rs. 3 lakhs for the winner, Rs. 2 lakhs for first runner-up and Rs. 1 lakh for second runner-up)and many more depending upon performance, merit and other evaluating criteria for both the years.

1. Indian institute of Management, Lucknow

This prestigious IIM again offers various funding programmes such as need-based IIML scholarships, industry sponsored scholarships (The value of these scholarships presently ranges from Rs. 6, 000 to Rs. 100, 000 per annum), merit-cum-means scholarships, Bharti scholarships, SC/ST scholarships to the applicants based on the reserved category, family income limit and merit.