MBA Scholarships for Women

Women who are thinking of pursuing an MBA as their dream career and want to ride their independent and prosperous life will be your chance to live an exciting and fruitful journey. When you possess the talent, skills, motivation, and the desire to reach new heights, financial considerations should not deter you. While student loans are an option, there are extensive opportunities for MBA scholarships specifically designed for women to foster their career development.

This article mentions the business schools and foundations providing MBA scholarships for women in this article.

The provision of merit-based MBA scholarships for women aims to inspire outstanding professional women to enroll in MBA programs and acquire the leadership skills necessary for advancement in the business world.

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Before delving into the detailed process, initiate your exploration with business schools as many of them provide grants and scholarships for women based on academic excellence, achievements in sports, belonging to a minority group, and various other criteria.

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MBA Scholarships for Women from Business Schools

Business School	Scholarship Name	Eligibility	Amount
Australian Graduate School of Management (AGSM)	AGSM Emerging Female Leaders Scholarships	High-achieving female leaders in the first five years of their career	AUD 50,000 (approx. USD 34,605)
	AGSM Women in Leadership Scholarships	High-achieving female leaders	AUD 50,000 (approx. USD 34,605)
Alliance Manchester Business School	The 30% Club Female Business Leaders Scholarship	Female candidates with exceptional academic achievement and leadership potential	Full tuition
	Alliance Manchester Business School Women in Business Scholarships	Female students of all nationalities, awarded on a rolling basis	10-25% of tuition fees
ESADE Ramon Llull University	Women of the World Scholarship	Women of all nationalities and backgrounds with financial need	Not specified
	The ESADE Women in Business Scholarship	MBA women candidates with significant work experience	Not specified
	Scholarship for Women Leaders	MBA women candidates with outstanding leadership skills	Not specified
ESCP Europe Business School	MBA in International Management Scholarship for Women Leaders	Self-funding female applicants demonstrating excellence in leadership	€15,000 (approx. USD 16,782)
EuroMBA	Women in Management Scholarship	Female candidates with outstanding academic achievement and professional excellence	Up to €10,000 fee reduction (approx. USD 11,188)
IE Business School	IE Women Scholarship and Mentoring Program	Offered to MBA candidates	40% of tuition plus six months of mentoring
	IE Women’s Leadership Scholarship	Admitted to MBA or other programs at IE	30% of all costs
	IE Women’s Scholarship	Open to women admitted to any master’s program	40% of tuition
	Queen Rania Foundation Scholarship for Women Leaders	Open to Jordanian women	Three scholarships covering 40% of all costs
IMD	Stewart Hamilton Scholarship for Women	Female candidates from developing countries with strong overall application	CHF 50,000 (approx. USD 55,200)
	Nestle Scholarship for Women	Preference for women from developing countries	CHF 50,000 (approx. USD 55,200)
Imperial College Business School	Imperial Women’s Scholarships	Female candidates demonstrating exceptional academic achievement and professional excellence	Variable

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Other Types of MBA Scholarships for Women 

Forté Foundation scholarships for Women

Forte foundation awards scholarships to female MBA students who are enrolled at participating business schools. Recipients of the award must exhibit strong leadership ability, maintain consistent academic excellence, and demonstrate a passion for working towards addressing women’s issues. The Forte Foundation actively seeks diversity among its scholarship recipients.

Although there is no minimum GMAT and GRE scores specified to avail this scholarship, however, by reviewing the eligible class of this scholarship since 2023, candidates must aim a GMAT score of above 700 and a GPA score of above 3.6 to be eligible for the Forte scholarships for women. It is also advisable to have a minimum work experience of at least 6 years or equivalent to 6 years work hours.

There are several business schools that offer this Forte scholarships. However, the final decision on whether to select the candidate for the scholarship depends solely on the school. However, the general process of selection is as follows:

• Student applies to Forté partner business school
• After applying, student receives an offer of admission into Forté partner school’s MBA program
• Student receives consideration for all scholarship opportunities through that institution
• Partner school selects its Forté Fellows
• Partner school notifies Forté of its selections

For more information visit the official website of Forte foundation.

Laidlaw Scholarships

The Laidlaw Scholarship is a distinguished program designed to develop the next generation of leaders through academic research, leadership training, and global networking. The scholarship may cover either the entire MBA fees or half of the MBA fee. This scholarship is valid only at Reuben College, a specific college within the University of Oxford. However, you can apply for this scholarship irrespective of your college and state. Once you are selected, you will be transferred to Reuben College to take up the scholarship.

The evaluators shortlist candidates who showcase exceptional leadership potential in their field, Academic excellence evidenced through degree results, excellent GMAT or GRE score and other academic achievements, etc.

For more information visit the official website of Laidlaw foundation.

AG Bell College Scholarship

This organization offers financial support to women pursuing their MBA full-time and facing a hearing disability. The hearing loss must be in both ears and must have been diagnosed by age seven. The students are allowed to have a major in any form of business. The amount of funding available varies yearly, depending on the budget.

To learn more about how you can secure scholarships in your target schools, join us for our coffee chat with alums and students of top schools.

For more information visit the official website of AG bell.

AICP Scholarships

AICP provides one of two scholarships for women pursuing an MBA in business management or finance, residing in either Virginia or Iowa. Residents of Iowa are eligible for a $500 scholarship, while those in Virginia can receive a $1,000 scholarship. Applicants must maintain at least a 2.75 GPA and are required to submit an essay outlining their career goals in the field of actuarial business.

For more information visit the official website of AICP.

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C200 Scholars Award

This organization offers scholarships to women who are first-year MBA students. Each award recipient will receive $25,000 in funding for her education. Committee members of C200 will interview finalists to determine which will be awarded the scholarship.

Applicants are required to furnish evidence of their academic records, multiple recommendations, and prior work experience. Additionally, they need to submit a comprehensive essay detailing the motivations behind their decision to pursue a business degree.

For more information visit the official website.

Business Achievement Awards

Women who are working toward their MBA and are members of the Golden Key organization may apply for this scholarship. Three scholarships will be awarded to qualified applicants in the amount of between $1,000 and $2,000.

Congressional Hispanic Caucus Institute Scholarship Awards

This scholarship is awarded to Hispanic Americans, Mexican Americans, and Puerto Rican women enrolled in an MBA program. The scholarship amount is $5,000, intended to cover various school-related expenses.

For more information visit the official website.

Cronk Opportunity Scholarship

Women pursuing an MBA and who are active members of the Evangelical Lutheran Church of America are eligible to apply for this scholarship. The scholarship provides $1,000 in funding, intended for educational expenses. All applicants must be 21 years or older to qualify.

Additional Global Scholarships for Women

In addition to MBA-specific scholarships, numerous prestigious opportunities empower women across a variety of fields and locations. Here are some notable examples:

• Gates Cambridge Scholarship (UK): A prestigious scholarship offering full funding, including tuition, living expenses, and travel costs, for women pursuing postgraduate studies at the University of Cambridge.
• AAUW International Fellowships (USA): Provides up to $50,000 in funding to women who are not U.S. citizens or permanent residents pursuing graduate or postdoctoral study in the United States.
• Fulbright Program for Women (USA): Supports international women to study, teach, or conduct research in the U.S., covering tuition, living expenses, and travel costs.
• P.E.O. International Peace Scholarship (USA & Canada): Financial assistance of up to $12,500 per year for women from other countries pursuing graduate education in the U.S. or Canada.
• Margaret McNamara Education Grants (MMEG): Grants of up to $15,000 for women from developing countries pursuing graduate studies.
• Women Techmakers Scholars Program (Global): Offers financial support of up to $10,000, along with mentorship and networking opportunities, to women pursuing degrees in computer science and related fields.
• L’Oréal-UNESCO For Women in Science International Awards (Global): Recognizes women scientists with funding of up to €100,000 for research and career development.
• Asian Women’s Investment Fund (AWIF) Scholarships (Asia): Provides up to $20,000 in funding for women from Asian countries pursuing higher education abroad, emphasizing leadership and entrepreneurship.
• Soroptimist Live Your Dream Awards (Global): Supports women who are the primary earners for their families, offering financial assistance of up to $10,000 for education or vocational training.
• AAUW Selected Professions Fellowships (USA): Offers up to $18,000 to women pursuing degrees in underrepresented fields like engineering, business, and computer science.

These scholarships highlight the growing emphasis on enabling women to achieve their career aspirations by removing financial barriers and fostering leadership development.

Many more scholarships are available for women; these are the most preferred ones. Hope you find this article helpful and are all set to fly high with your wings. If you have any queries, feel free to reach out; our experts from various industries would love to help you.

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Best of luck with your dream career, Ladies!