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Masters in Management Scholarships & Fellowships

Masters in Management Scholarships and Fellowships

Many of the endowed scholarship programs for business schools will accept students who are enrolled, or about to enroll in a Masters in Management program. Whether or not the degree is offered through a university's school of business, the study of management is in every sense the study of business: it matters not if the business is education or public administration, corporate or non-profit. The scholarships we list here are the tip of the iceberg, it is always best to check with the university that you have selected for your graduate studies to see what fellowships or grants are available through the school. For every scholarship that you can find in an online listing there are another dozen or two squirreled away in college databases. Campus-administered scholarships and fellowships are often the key to financial aid. It is also worth checking with the business school if that is the base for your Masters in Management program.

  • University of Chicago Booth School of Business has multiple scholarships and fellowships for the MBA program, which includes a specialization in Management and Organizational Behavior. There are several Corporate Scholarships, underwritten by the school and corporations with a strong presence in Chicago. There are merit based fellowships for exceptional students. And there are over fifteen Booth Fellowship programs that are endowed by trusts or organizations, which are available to Hispanic students, African American students, visiting students from India and a program co-sponsored by the VA that provides fellowships for veterans.
  • National Black MBA Association has five scholarship and fellowship programs for undergraduate and graduate students of African American descent. All programs require student membership in the organization, which is not an expensive investment. The Graduate Fellowship program is administered by the organization and provides grants of $1,000 - $15,000 to students based on merit and need. There is also a sponsorship program affiliated with campuses that is available through Brandeis University and Bentley University.
  • National Society of Hispanic MBAs has developed an impressive scholarship program for Hispanic graduate students in business. The organization has gone to corporate donors for co-sponsorship arrangements and had some success, with participants such as Deloitte, Unilever, The Coca Cola Company, Kellogg's, Bank of American, 3M, Holiday Inn, Pepsi Corporation, Safeway Corporation and many others. Awards range from $2,500 to $10,000 and may be renewed if the winner is in the first year of a MBA or Masters in Management program.
  • National Association of Women MBAs has a scholarship program for women who are graduate students in the business field. The organization has developed a sponsorship arrangement with Cardinal Health to underwrite one of the scholarship program components. The others are funded by the organization itself through membership fees and sponsorship dollars from other organizations who contribute to the at-large student support fund. This is another program that requires membership in the organization.
  • Institute of Management Consultants does not have a national scholarship program, but several state and local branches of the organization do. The IMC Houston branch recently established a scholarship fund in honor of two active members who have passed on. Connecting with those regional organizations may be a challenge through the IMC website, but telephone numbers are available for inquiries to local officers of organization branches.
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