Part-Time MBA Scholarships
Table of Contents
Part-Time MBA Scholarships: How to Fund Your Business Education
Part-Time MBA Scholarships: Types and Sources
Merit-Based Scholarships
Need-Based Scholarships
Diversity Scholarships
Employer-Sponsored Scholarships
Alumni Scholarships
External Scholarships
Tips for Applying to Part-Time MBA Scholarships
Start Early
Meet the Eligibility Criteria for Part-Time MBA Scholarships
Prepare Your Application Materials
Network
Follow the Guidelines for Part-Time MBA Scholarships
List of Part-Time MBA Scholarships
How to Get Part-Time MBA Scholarships
1. Start early
2. Meet the eligibility criteria
3. Prepare your application materials
4. Network
5. Follow the guidelines
6. Explore different options
Conclusion
Part-Time MBA Scholarships: How to Fund Your Business Education
If you are considering pursuing a part-time MBA degree, but are worried about the financial burden it may bring, you should know that there are various scholarship options available to help you fund your education.
Part-time MBA scholarships can come from a variety of sources, such as the school you attend, external organizations, or even your employer. In this article, we will explore the different types of scholarships available to part-time MBA students and provide tips on how to apply for them.
Part-Time MBA Scholarships: Types and Sources
There are various types of scholarships available for part-time MBA students. The most common ones include:
Merit-Based Scholarships
Merit-based scholarships are awarded to students who have demonstrated academic excellence in their undergraduate studies or work experience. These scholarships are usually offered by business schools to attract top talent to their MBA programs.
Need-Based Scholarships
Need-based scholarships are awarded to students who can demonstrate financial need. These scholarships can come from the school or external organizations and are usually based on a combination of factors, such as income, family size, and debt.
Diversity Scholarships
Diversity scholarships are awarded to students from underrepresented backgrounds. These scholarships aim to increase diversity in MBA programs by providing financial assistance to students who may face additional barriers to accessing higher education.
Employer-Sponsored Scholarships
Employer-sponsored scholarships are scholarships offered by a student’s employer. These scholarships can cover some or all of the costs associated with pursuing an MBA while continuing to work. Employer-sponsored scholarships can be an excellent way to advance your career while also getting financial assistance for your education.
Alumni Scholarships
Alumni scholarships are scholarships offered by the alumni of a business school. These scholarships aim to give back to the school and help current students pursue their MBA degrees.
External Scholarships
External scholarships are scholarships that come from outside organizations, such as foundations, non-profit organizations, or corporations. These scholarships are not tied to any specific business school and can be used to fund an MBA program at any institution.
Tips for Applying to Part-Time MBA Scholarships
Now that you know the different types of Part-Time MBA Scholarships available, it’s time to learn how to apply for them. Here are some tips to help you increase your chances of getting a part-time MBA scholarship:
Start Early
Most scholarship deadlines fall in the fall or early winter, so it’s essential to start researching and applying early. Start by researching the different types of scholarships available and create a list of those you are eligible for.
Meet the Eligibility Criteria for Part-Time MBA Scholarships
Make sure you meet the eligibility criteria for the scholarship you are applying for. For example, if the scholarship is merit-based, make sure your GPA and work experience meet the minimum requirements.
Prepare Your Application Materials
Most scholarship applications require a personal statement, letters of recommendation, and academic transcripts. Make sure you have all the necessary documents ready and give yourself enough time to write a compelling personal statement and secure strong letters of recommendation.
Network
Networking can be an effective way to learn about scholarships and connect with potential scholarship sponsors. Attend networking events, connect with alumni, and reach out to organizations that offer scholarships to part-time MBA students.
Follow the Guidelines for Part-Time MBA Scholarships
Make sure you follow the application guidelines closely. Double-check the application deadline, the required documents, and the formatting requirements. Submit your application before the deadline and make sure it is error-free.
List of Part-Time MBA Scholarships
Here is a list of some part-time MBA scholarships available to students:
Forward Focus MBA Scholarship – Arizona State University
Amount: Up to $40,000
Eligibility: Merit-based
Application Link: https://webapp4.asu.edu/dgsadmissions/Index.jsp
Chicago Booth Merit Scholarship – University of Chicago
Amount: Up to full tuition
Eligibility: Merit-based
Application Link: https://www.chicagobooth.edu/mba/full-time/admissions/scholarships-and-aid
Reaching Out MBA Fellowship – Various Schools
Amount: $10,000
Eligibility: Diversity-based
Application Link: https://reachingoutmba.org/fellowship-schools/
Forte Fellowship – Various Schools
Amount: Up to $25,000
Eligibility: Diversity-based
Application Link: https://www.fortefoundation.org/site/SPageServer/;jsessionid=00000000.app20101b?NONCE_TOKEN=20DBAFB9687447EA7CD9BD18FAD4ED50&pagename=mba_fellows
Sallie Mae Graduate School Scholarship Search – Various Schools
Amount: Varies
Eligibility: External
Application Link: https://www.salliemae.com/student-loans/graduate-school-information/graduate-school-scholarships/
Consortium for Graduate Study in Management Fellowship – Various Schools
Amount: Full tuition and fees plus a stipend
Eligibility: Diversity-based
Application Link: https://cgsm.org/students/prospective-students/application-instructions/
Women’s MBA Fellowship – University of Maryland
Amount: Up to $20,000
Eligibility: Women Applicants
Application Link: https://onlinebusiness.umd.edu/blog/scholarships-what-to-know-and-how-to-apply/
Young Executives Scholarship – Northeastern University
Amount: Up to $30,000
Eligibility: Applicants with less than 5 years of work experience
Application Link: https://northeastern.edu/diversity/initiatives/ujima-global-leaders-program/
Peace Corps Coverdell Fellows Program – Various Schools
Amount: Varies
Eligibility: Returned Peace Corps volunteers
Application Link: https://www.peacecorps.gov/volunteer/university-programs/coverdell-fellows/
Keep in mind that this is just a sample of the scholarships available. It is essential to research and explores different options to find scholarships that meet your needs and qualifications.
How to Get Part-Time MBA Scholarships
Getting a part-time MBA scholarship can be a competitive process, but it is not impossible. Here are some tips to increase your chances of receiving a scholarship:
1. Start early
Don’t wait until the last minute to search for scholarships. Many scholarships have early deadlines, and you don’t want to miss out on an opportunity because you didn’t apply on time. Start researching and applying for scholarships as early as possible, even before you start your MBA program.
2. Meet the eligibility criteria
Make sure you meet the eligibility criteria for the scholarships you are applying for. Some scholarships have specific requirements, such as academic achievements, work experience, or community involvement. Read the guidelines carefully and ensure you meet all the qualifications before applying.
3. Prepare your application materials
Most scholarships require an application that includes an essay, transcripts, letters of recommendation, and other supporting documents. Take your time to prepare your application materials and make sure they are of high quality. Showcase your strengths and accomplishments and demonstrate how you align with the scholarship’s mission and values.
4. Network
Networking is essential in the MBA world, and it can also help you find scholarships. Attend MBA events, connect with alumni and professionals in your field, and seek advice from your professors and mentors. They may have information about scholarships or can introduce you to people who can help you.
5. Follow the guidelines
Make sure you follow the guidelines of each scholarship you apply for. Some scholarships have specific requirements for the application format, word count, or deadline. Failure to follow the guidelines can result in disqualification.
6. Explore different options
Scholarships are just one way to finance your MBA education. It’s essential to explore different options, such as loans, grants, employer tuition reimbursement programs, and savings. Determine which options align with your financial goals and choose the ones that provide the most value.
Conclusion
Part-time MBA scholarships can help you finance your education and achieve your career goals. Scholarships can come from various sources, such as schools, employers, or external organizations, and can be merit-based, need-based, or diversity-based.
To increase your chances of receiving a scholarship, start early, meet the eligibility criteria, prepare your application materials, network, and follow the guidelines.
Remember that Part-Time MBA Scholarships are just one way to finance your MBA education, so it’s essential to explore different options and find the best one for your situation.
