College Business Degree Scholarship
Here are some types of scholarships available for business degrees that might be helpful:
1. Merit-Based Scholarships
- Awarded based on academic performance, leadership skills, or extracurricular involvement.
- Many colleges and universities offer these to incoming freshmen, transfer students, and even continuing students in business programs.
2. Need-Based Scholarships
- Based on financial need. Applicants often need to submit financial information such as the FAFSA in the U.S.
- Some schools and private organizations offer need-based aid specifically for business majors.
3. Diversity Scholarships
- Available to promote diversity in business fields. Often aimed at underrepresented groups such as women, minority groups, or first-generation college students.
- Example: The Forte Foundation offers scholarships for women pursuing an MBA.
4. Corporate-Sponsored Scholarships
- Many corporations offer scholarships to students in fields related to their industries.
- Examples include Deloitte, Goldman Sachs, and PepsiCo, which often have scholarships specifically for business students.
5. Business-Specific Scholarships from Organizations
- National Black MBA Association (NBMBAA), Association of Latino Professionals For America (ALPFA), and Future Business Leaders of America (FBLA) offer scholarships for members pursuing business degrees.
- Business Honor Societies like Beta Gamma Sigma may also have scholarships for members.
6. Entrepreneurship Scholarships
- Specifically for students interested in starting their own business.
- Schools and organizations like National Association for the Self-Employed (NASE) may offer these.
Tips for Applying
- Start early and search broadly; scholarships can have strict deadlines.
- Use resources like Fastweb, Scholarships.com, and your college’s financial aid office for specific opportunities.
- Tailor each application, especially any essays, to reflect the values or focus areas of the scholarship provider.
Which Schools Provides These Scholarships
Here are some universities with strong business programs and specific scholarships for business students:
1. University of Pennsylvania (Wharton School)
- Joseph Wharton Scholars Program: Merit-based scholarship that covers part of the tuition for top-performing business students.
- Wharton Fellowship Program: Offers need-based and merit-based scholarships to undergraduate and MBA students.
2. University of Michigan (Ross School of Business)
- Ross BBA Scholarship: For undergrad business students with demonstrated financial need.
- Ross MBA Scholarships: Provides need-based and merit-based funding, including diversity scholarships for underrepresented groups.
3. New York University (Stern School of Business)
- Dean’s Scholarship: Full-tuition merit-based award for top undergraduate and MBA students.
- Stern Diversity Scholarships: Supports students from underrepresented backgrounds with partial or full tuition.
4. University of North Carolina at Chapel Hill (Kenan-Flagler Business School)
- Kenan-Flagler Scholars: Merit-based scholarship for undergraduate business students.
- MBA Forte Fellowship: Offers funding for female MBA students through a partnership with the Forte Foundation.
5. Indiana University (Kelley School of Business)
- Dean’s Council Scholarship: For high-achieving undergraduate business students.
- Kelley MBA Scholarships: Merit- and need-based awards, including fellowships for students in underrepresented groups.
6. Stanford University (Stanford Graduate School of Business)
- Knight-Hennessy Scholars Program: Covers full tuition for graduate students with a strong leadership record.
- Stanford GSB Fellowship: Need-based award for MBA students, including special grants for underrepresented backgrounds.
7. University of California, Berkeley (Haas School of Business)
- Berkeley Haas Scholarships: Merit- and need-based awards for undergraduate and MBA students, including the Berkeley Haas Entrepreneurship Program.
- Consortium for Graduate Study in Management: Haas is part of the Consortium, providing diversity-focused scholarships for MBA students.
8. Arizona State University (W. P. Carey School of Business)
- W. P. Carey School of Business Scholarships: Includes a wide range of merit-based scholarships for undergraduate and MBA students.
- President’s Scholarship: Covers partial tuition for high-achieving undergraduates.
9. Harvard Business School (HBS)
- HBS Need-Based Fellowships: Covers a substantial portion of tuition based on financial need for MBA students.
- Rock Center for Entrepreneurship: Offers funding for students interested in entrepreneurial studies.
10. University of Texas at Austin (McCombs School of Business)
- McCombs Scholarships: Various scholarships for undergraduate and MBA students, with some specific to Texas residents or underrepresented groups.
- Herb Kelleher Center for Entrepreneurship: Provides scholarships and grants for students focused on entrepreneurship.
These schools often have specific pages on their websites listing available scholarships, eligibility criteria, and deadlines.