If you are considering applying to an MBA programme abroad, its best to choose one of the leading business schools. When it comes to earning competitive salaries, where you graduate is as important as what you graduate in. But the cost of study at the top business schools is a deterring factor for many Indian students.
Most of the top business schools in the US, UK and Australia offer scholarships to international students based on merit. Here are a few of them for your reference:
The Dean's International Management Scholarship at University of Melbourne, Australia is exclusively for international students commencing full-time MBA programmes each year. They are based on merit and aimed at recognising students who demonstrate academic excellence.
The University of Virginia’s Darden School of Business also offers merit based scholarships to international students. Though they are for an initiate period of one year, they can be renewed for the second year considering you maintian a minimum of 3.0 GPA. The Darden Jefferson Fellowships are two full cost fellowships that cover everything including full tuition, living expenses, books and research stipend. They encourage leadership skills and recognise a superb record of academic achievement.
The DAAD Scholarship is another financial aid option offered by the Darden School of Business. It values at €15,400 for the first year at Darden plus a monthly payment to pay for living expenses for 9 months. Through the Darden India Fund, the Darden Indian Alumni offers a grant to a single Indian student. The IRC International Scholarship is yet another merit- based scholarship meant for international students enrolling in even-numbered years.
The University of New South Wales’s Australian School of Business provides upto 20 Honours Scholarships every year. Outstanding students applying for MBA programmes who need financial support are eligible for these scholarships.
The MBA Director's Scholarship at Bournemouth University in the UK is offered to 30 MBA students every year. The value of each scholarship is £3,000.
The Ohio State University in the US offers the Robert C. Banasik Scholarship for Graduate Students in Business. The scholarship covers tuition fees and/or cost of books.
Lastly, The University of Oxford offers the prestigious Green Templeton Management Professional Scholarships valued at £5000 for one year. Indian students beginning their MBA in October 2012 with an offer of a place at Green Templeton College are eligible for these scholarships. A total of ten scholarships are provided to outstanding students.