B-Schools offering Scholarships in India!

Posted By Riya     355 Views On Thu,2nd Jan, 2020


There’s nothing more rewarding than getting a scholarship while you pursue your education. Although scholarships are usually based on past academic performances and entrance exam scores, you can still redeem yourself and get scholarships if you score well during the term of the programme. As we must aware these days that expenses for education on parent's pocket is a big burden. Particular for higher education like management or MBA education is an expensive affair when it comes to pursue it from atop college.  We all know that management is one of the most expensive fields of education and by the time the course is finished you are burdened by the amount of loan you took to pay your tuition fee. With education loans bothering students in India, an option that they can explore is scholarship opportunities at the MBA colleges in India. If not all, many MBA colleges and courses can be considered on the basis of the scholarships they offer.

If the scholarship is offered by a particular organization then you can find more about it from the official website of that organization. It will also have a formal procedure and eligibility criteria which you will have to verify before applying for the scholarship.

Here’s the Good news is that you can get some relaxation on your expenses by applying for scholarships provided by business schools.

Check out scholarships offered by some of the business schools in India.

1. Management Development Institute (MDI), Gurgaon

MDI is an AICTE-accredited institute that is counted among the top B-schools in India. Apart from being first management school in India accredited by the Association of MBAs (AMBA), it is also one of the few to have been accredited by the South Asian Quality Standards (SAQS). The following scholarships for management programmes are available at MDI:

S.No.

Name of the Scholarship

Eligibility Criteria

Amount

1.

Merit-based Scholarship

Offered to 5 students at the end of their 2nd year

Rs.10,000 per student

2.

Eiffel Scholarships

International scholarship for France offered to dual-degree programme students

Not Available (NA)

3.

DAAD Scholarship

Students are selected by various business schools in Germany and offered financial aid.

NA

4.

O. P. Jindal Scholarships

2nd-year students are eligible for this scholarship

Rs. 1,50,000

 

2. Indian School of Business (ISB), Hyderabad

Following are few of the scholarships provided by ISB Hyderabad:

S.No.

Name of the Provider

Eligibility Criteria

Amount

1.

Citigroup

4 to 6 Students are shortlisted on the basis of merit.

USD 12,500 (approx. Rs. 9 lakh)

2.

Novartis

Selection of 3 students is done on both merit and need basis.

Rs. 4,00,000

3.

Nurture India

Selection is done on the basis of their need

Rs. 4,00,000

4.

Manhattan Review scholarships

5 students are shortlisted on the basis of academic excellence.

Rs. 1,00,000

5.

Jamboree India-Talent Promotion Award

5 students are selected on the basis of both need and merit

Rs. 1,00,000

6.

ISB@10 Global Scholarship

10 international students are selected for this scholarship on the basis of merit

Varies from Rs. 3,00,000 to Rs.15,00,000

3. SRM School of Management, Chennai

SRM School of Management is a renowned institution for management education offering BBA, MBA, PhD and MMS programmes in fields such as Finance, Operations, Data Analytics etc. Its programmes have been designed to create in-depth expertise in students, which is why its scholars can be found working at top positions at some of the best companies to work for in India. SRM offers the following MBA scholarship options for Indian students:

S.No.

Name of the Scholarship

Eligibility Criteria

Amount

1.

SRM Founder’s Scholarships

Top state rankers in final school exams, SRMEE and exceptional sportspersons at the national and international level are eligible to apply.

Full fee waiver along with a stipend of Rs. 1,000 per month.

2.

Merit Scholarship

Students who secured 95% and above in CBSE board exams and secured a rank amongst top 8000 in SRMEEE can apply.

50% tuition fee waiver

3.

Merit-Cum-Means Scholarship

Students for this scholarship are selected on a need basis and their performance in entrance exams.

25% to 100% tuition fee waivers

4.

Scholarship for minority communities

Students belonging to minority communities are shortlisted on the basis of their performance in the entrance exam.

25% to 100% tuition fee waivers

5.

Scholarship for physically-challenged/differently-abled

Students with physical disabilities or differently-abled students can apply.

Full tuition fee waiver

6.

Scholarship for Special Merits

Students are shortlisted on the basis of exceptional literary debating, fine arts and others such skills.

Tuition fee waiver of up to 100%

 

4. Institute for Financial Management & Research (Chennai):

S.No.

Name of the Scholarship

Eligibility Criteria

Amount

1.

Merit-cum-means assistance

Students are selected on the basis of academic excellence.

Varies from Rs.100,000 to full tuition fee waiver

2.

T Thomas Scholarship

The best outgoing student of PGDM is awarded this scholarship.

Rs.1,00,000

 

5. Skyline Business School:

S.No.

Name of the Scholarship

Eligibility Criteria

Amount

1.

Excellent performance in GD/PI

Students who had scored well in the group discussion or personal interview rounds can apply.

Rs.20,000

2.

First class in graduation

Students who have an aggregate of 70% and above are eligible to apply.

Rs.20,000

3.

Scholarships based on performance in entrance exams

Students who score 75% or more in CAT/MAT/ATMA/XAT are eligible for this scholarship.

Rs.20,000

4.

Scholarships based on work experience

Students who have worked for ‘A’ grade organizations are selected for this scholarship.

Rs.20,000

 

6. Indus Business Academy (Bangalore):

S.No.

Name of the Scholarship

Eligibility Criteria

Amount

1.

Merit-cum-means scholarships

Five students are shortlisted on the basis of academic performance.

Rs.10,000 per student

2.

Corporate scholarships

Two students are shortlisted for this scholarship on the basis of merit.

Rs.10,000 per student

3.

Scholarship of Rs.30,000

Students who have an aggregate of 80% in their class 10, 12 and graduation are eligible for this scholarship

Rs.30,000 per student

4.

Other Scholarships

Scholarships are also awarded on the basis of performance in entrance exams such as CAT and XAT. Candidates having 80+ percentile in CAT/XAT and 96+ percentile in MAT/ATMA/CMAT/State Govt. Tests are eligible to apply.

Varies from Rs.30,000 to Rs.40,000 depending on the score of the student.

7. Institute of Rural Management, Anand

IRMA is a one-of-its-kind management school in India, established with the motive of training rural development organisations and co-operatives in management skills. It was inspired by the work of Dr. Kurien and is one of the few institutions to offer rural management programmes in India. MBA students can take advantage of the following scholarships offered by IRMA:

S.No.

Name of the Scholarship

Amount

1.

Merit-based scholarships from Sir Ratan Tata

Five students are shortlisted provide with funds that cover part of their fees during the second. This is subjected to a ceiling of Rs.50,000 per year to 2nd-year students on a year-to-year basis

2.

Scholarships for SC/ST Candidates

15 students belonging to SC/ST category are offered scholarships that cover their entire cost of education.

3.

GOI scholarships to IRMA for SC/ST students

10 students are provided with this scholarship.

4.

Scholarships from the Ministry of Tribal Affairs

5 ST candidates are shortlisted for this scholarship.

5.

National Dairy Development Board Scholarships

Students belonging to SC/ST category are selected for this scholarship.

8. Amity Business School, Noida

Amity Business School is one of the top-ranking private management institutions in India. It has been counted among some of the top b-schools in surveys conducted by various organisations because of its commitment towards equipping its students with the necessary professional knowledge and leadership skills necessary not only for succeeding in their careers but also for contributing towards building their nation. Some of the best MBA scholarships at ABS include:

S.No.

Name of the Scholarship

Eligibility Criteria

1.

100% Scholarship

Candidates having a minimum aggregate of 93% in Class 12 of CBSE/ICSE Board (excluding Physical Education, Fine Arts & Performing Arts) and 80% marks in graduation can apply

2.

50% Scholarship

Candidates must have at least 88% aggregate marks in Class 12 and 75% marks in their graduation.

9. SSN School of Management & Computer Applications (Kalavakkam):

S.No.

Name of the Scholarship

Eligibility Criteria

1.

Merit Scholarship

Students are shortlisted on the basis of their academic performance and score in the entrance exam.

2.

Merit-cum-Means Scholarship

This scholarship is awarded to needy students who have a good academic record.

3.

Wavier of Tuition Fees

Students who have a throughout excellent academic record are offered this scholarship.

4.

Sports Scholarship

Students who have represented state or nation in any of the recognized sports can apply for this scholarship.

10. Jaipuria Institute of Management (Lucknow):

  • Students are awarded with scholarships on the basis of their score in entrance exams such as CAT/MAT/XAT. The selection is also based on student’s performance in group discussions and personal interview.
  • Scholarships are also provided to the students who have secured top three positions after the first year exams.

11. NMIMS School of Business Management Scholarships

  • Students from weaker financial backgrounds who enroll themselves for the Social Entrepreneurship Programmes are provided scholarships by the institute.
  • Shroff Family Charitable Trust also awards scholarships to students in need.

12. T.A. Pai Management Institute (Manipal):

  • Scholarship of up to Rs.1,00,000 is provided to three students from both first and second year.
  • Students enrolling for PGDM who have scored 99 percentile or above in CAT are also awarded special scholarships.
  • There are few other scholarships as well including Industry-sponsored scholarships and scholarships for eGPX programme.
  • The student who emerges as the topper in the selection process is awarded a scholarship that covers his/her entire tuition fee.
  • The second ranker is awarded a laptop while the third rank holder is given foreign internship (sponsored).

13. Welingkar Institute of Management Development & Research (WeSchool Mumbai): 

  • The student who emerges as the topper in the selection process is awarded a scholarship that covers his/her entire tuition fee.
  • The second ranker is awarded a laptop while the third rank holder is given foreign internship (sponsored). 

In order to be eligible for most of these scholarships, students may have to apply at their respective colleges. Contact the college’s admissions cell and make sure that you fulfil all of the eligibility criteria for MBA scholarships before applying. Ask your queries in the comment section below.

 

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