It’s not just Indian students applying to GMAT based programs who want MBA scholarships. Everyone wants it and there’s isn’t too much of it in free supply. Think about a free ride at the top bschool. Aah! The sweet smell of free cash.
Here’s a core dump of what we could find out in the public domain about GMAT / MBA scholarships for students from India. All the regular caveats apply. The data on some of these sites might be outdated. Many of them are vaguely worded and the eligibility criteria could differ, so it may take a while for you to really judge if it’s applicable for the course you are targeting. But it’s a good starting point nevertheless.
Administered by the British Council
Quite a few of these get handed out every year.
Reliance Dhirubhai Fellowships
Vyomworld has got a bunch of sources for you:
Top MBA lists down school specific and general MBA scholarships
KC Mahindra Scholarship
Narotam Sekhsaria Scholarship
Prodigy Finance Scholarship
If you are planning to work in the financial services sector then check this out
Keep an eye on this sarkari page as it has the occasional announcements related to scholarships
The process for these scholarships starts very early. So the early birds will have an advantage here.
If you are aware of any other scholarships and you don’t mind sharing that with the rest of your competition, let us know and we’ll update the list.
The GMAT scholarships listed on these pages are extremely tough to get, because the demand is too high. So what do you do if you don’t get one of them?
Fortunately there’s another way to get MBA scholarships for Indian students. It’s a strategy most of our clients use quite effectively.
Check out the MBA Crystal Ball reviews & testimonials page. You’ll find several Indian students who have got generous MBA scholarships from some of the best GMAT score accepting business schools in USA, UK, Canada and Europe.
Some of these GMAT MBA scholarships are in the range of $30,000 – $40,000 (15-20 lakh rupees). Then there are also the 100% full-tuition scholarships with stipend.
Here’s the secret 3-step recipe.
Step 1: Forget the quick and simple ‘free MBA profile evaluations’ that are offered on MBA forums. Get a thorough MBA profile evaluation that goes beyond the obvious aspects such as GMAT scores and number of years of work experience.
Step 2: Select the right business school that matches your profile and career aspirations. Spread the risk across Ambitious, Stretch, Practical and Safe bschools.
Step 3: Submit an MBA application that is strong in most (if not all) departments – MBA essays, recommendations, interviews.
At MBA Crystal Ball, we manage Steps 1 & 2 (i.e. the Application ‘Strategy’ part) as part of the MBA Mock Application Process (MBA MAP) and Step 3 (i.e. the ‘Execution’ part) with our MBA Application Services.
Of course, there are no guarantees. Not every would get MBA scholarships, or even an admit into the school of their choice. A whole lot depends on the profile that we get and there are several factors that we can’t influence – your background, industry, role, GMAT score, nationality, gender.
So we try to the best we can with whatever is under control – a solid storyline that connects the MBA applicant’s pre-MBA accomplishments, post-MBA career plans and the why MBA rationale.
From the reviews we’ve got so far (which is directly linked to the admits and scholarships our clients have got), seems like we are on the right track.
Definitely check out the various external website links listed in this post. But in parallel, don’t forget the other more direct route to getting MBA scholarships for Indian students – a well-planned MBA admissions strategy coupled with a rock solid application.
If you need help, contact MBA Crystal Ball. Drop us an email early on in the process: info [at] mbacrystalball [dot] com