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Fully Funded Scholarships For MBA Students 2024/2025

Are you an aspiring MBA student dreaming of studying at a prestigious university without the burden of expensive tuition fees? Well, it may be time to breathe a sigh of relief as numerous fully funded scholarship programs exist specifically for MBA students. 

Such programs not only cover your tuition fees but also offer allowances for living costs, making your dream of studying further a viable reality. In this article, we will explore a selection of such scholarships, focusing on the University of Exeter Scholarship Programs, the Harvard University MBA Scholarship, and the ESMT Africa Scholarship.

University Of Exeter Scholarship Programs

The University of Exeter, situated in the United Kingdom, is known for its dedication to delivering top-notch education to deserving students across the globe. This distinguished institution is notable for its bountiful scholarship programs, with a particular emphasis on those pursuing an MBA. 

Types of scholarships offered by the University of Exeter:

  • Merit-based scholarships: These scholarships are awarded to students with outstanding academic achievements. Some examples of merit-based scholarships offered by the University of Exeter include the Chancellor’s Scholarships, the Vice-Chancellor’s Scholarships, and the College Scholarships.
  • Need-based scholarships: These scholarships are awarded to students who demonstrate financial need. Some examples of need-based scholarships offered by the University of Exeter include the University of Exeter Bursary, the National Scholarship Programme (NSP), and the Disabled Students’ Allowances (DSAs).
  • Subject-specific scholarships: These scholarships are awarded to students studying specific subjects. Some examples of subject-specific scholarships offered by the University of Exeter include the Law Scholarships, the Business School Scholarships, and the Science Scholarships.
  • International scholarships: These scholarships are awarded to international students studying at the University of Exeter. Some examples of international scholarships offered by the University of Exeter include the Global Excellence Scholarships, the Chevening Scholarships, and the Commonwealth Scholarships.

How to apply for a scholarship:

To apply for a scholarship at the University of Exeter, you will need to complete an online application form. You will also need to submit supporting documents, such as your academic transcripts, a personal statement, and a reference letter.

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Esmt Africa Scholarship

ESMT Berlin, a leading business school in Germany, offers the ESMT Africa Scholarship, a fully funded scholarship designed exclusively for exceptional African students pursuing an MBA. This scholarship aims to support Africa’s future business leaders and stimulate economic growth within the continent. The ESMT Africa Scholarship covers 100% of the tuition fees and includes a stipend for living expenses, ensuring that financial challenges are not a barrier for promising African students to earn an MBA.

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Scholarship Benefits:

  • Financial Coverage: The ESMT Africa Scholarship awards a 50% reduction in tuition fees, significantly reducing the overall cost of your MBA education.
  • Global Exposure: Gain valuable insights into international business practices while immersing yourself in the dynamic African business environment.
  • Network Building: Connect with a diverse cohort of classmates and build relationships with influential figures in the African business community.
  • Career Advancement: Enhance your career prospects with an internationally recognized MBA qualification and specialized knowledge of the African market.

Eligibility Criteria:

  • Academic Excellence: Possess a strong academic background with a bachelor’s degree from an accredited university.
  • Professional Experience: Demonstrate at least 2 years of relevant work experience, preferably in Africa.
  • Leadership Potential: Exhibit strong leadership potential and a commitment to contributing to the economic and social development of Africa.
  • Financial Need: Demonstrate financial need and how the scholarship would significantly impact your ability to pursue the MBA program.

Application Process:

  • Application Timeline: The application deadline for the ESMT Africa Scholarship typically falls in March. It’s crucial to submit your application well in advance to ensure consideration.
  • Application Requirements: Prepare a comprehensive application package including your resume, transcripts, GMAT or GRE scores, essays, and letters of recommendation.
  • Interview Stage: Shortlisted candidates may be invited for an interview to assess their motivations, leadership qualities, and suitability for the program.

Through this scholarship program, ESMT Berlin invests in Africa’s future business leaders, fostering talents that can drive positive change and development across the continent. It’s an exceptional opportunity for African MBA aspirants to get world-class business education, further their career, and impact their home countries positively.

Apply Now 

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Can I get a 100% scholarship for an MBA in the USA?

While it’s challenging, securing a full scholarship for an MBA in the USA is possible. Top schools like Harvard offer need-based aid packages covering significant portions of tuition, but complete coverage is rare. However, various avenues can significantly reduce your financial burden:

  • Need-based scholarships: Explore university-specific aid and external options from organizations like Forté Foundation or Consortium for Graduate Study in Management.
  • Merit-based scholarships: Top academic performance, strong test scores, and exceptional leadership potential can lead to merit scholarships like HBS’s Dean’s Award.
  • Employer-sponsored programs: Some companies sponsor employees’ MBA studies, potentially covering full costs.
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Can I do an MBA for free in the USA?

It’s highly unlikely to get an MBA entirely free in the USA, even with scholarships and stipends. Most scholarships cover partial tuition, and living expenses often require additional funding. Consider:

  • Combining scholarships and personal savings: Maximize scholarship awards and leverage personal savings or family support.
  • Exploring loans: Research favorable loan options with reasonable repayment terms.
  • Looking beyond full-time programs: Part-time or online MBA programs might offer greater flexibility to work and earn alongside your studies.

Do MBA students get a stipend in the USA?

Some MBA programs offer stipends, primarily funded by research assistantships or teaching opportunities. These generally cover a portion of living expenses. Explore programs like MIT Sloan Fellows or Stanford Knight-Hennessy Scholars Program, which offer full funding and stipends.

Does Harvard give full scholarships for MBA?

Harvard doesn’t currently offer a specific “full-scholarship” for its MBA program. However, their need-based scholarships can cover up to $76,000 annually, significantly reducing costs. Explore merit-based awards like the Dean’s Award or Arjay Miller Scholars Program if you have exceptional academic records and leadership potential.

How do you get a 100% scholarship to Harvard?

Securing a full scholarship at Harvard is highly competitive. Here are some key strategies:

  • Build a stellar profile: Maintain excellent academic grades, achieve strong test scores, and gain relevant work experience.
  • Demonstrate exceptional need: Clearly present your financial situation and how a scholarship is crucial for attending Harvard.
  • Highlight diverse perspectives and leadership potential: Showcase unique experiences and qualities that contribute to the program’s richness.
  • Start early: Research and apply for scholarships well in advance of deadlines.
  • Seek guidance: Connect with career counselors, alumni, or financial aid advisors for personalized support.

Remember: While a full scholarship might be challenging, numerous options can make your MBA dream more attainable. Be proactive, build a strong profile, and explore multiple financial aid avenues to increase your chances of success.


Accessing a world-class MBA education without financial constraints is more feasible than many may think, thanks to various fully funded scholarships. With the University of Exeter’s Emerging Global Leader Scholarship, Harvard University’s MBA Scholarship, and ESMT Berlin’s Africa Scholarship, MBA aspirants are provided with significant financial relief, allowing them to focus entirely on their academic pursuits and professional development.

In conclusion, fully funded scholarships can be instrumental in achieving your dream of pursuing an MBA, helping to ease the financial burden and allowing you to realize your full potential as a business leader. With the right blend of ambition, preparation, and dedication, you can be well on your way to becoming the next global change-maker in the business world.

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