Financing your MBA - are you eligible for a scholarship?

The availability of scholarships can be an important factor to consider when choosing the MBA programme that is right for you

Written on 06 October 2021.


How to finance your Global MBA abroad is a critical question you need to think about before committing to an MBA programme. Bear in mind that, in addition to tuition fees, you will need to take into account costs of living, accommodation, insurance, travel and other factors. Scholarships can help ease some of the financial strain.

Scholarships as way of financing your MBA

Many business schools offer scholarships to help students pay for their MBA, (although sometimes it can be a little unclear to understand exactly what level of scholarship you might be entitled to). By ensuring that highly qualified students from different backgrounds can afford to accomplish an MBA, business schools like EDHEC ensure cohorts are as diverse as possible. This makes for a unique and inspiring learning experience for everyone. Our transparent scholarship policy means that you will know right from the start which scholarship you qualify for.

Fostering excellence with scholarships

As a world-renowned business school, EDHEC is proud of attracting global talent. And we think that tuition fees should not hold you back from living your dream career thanks to a prestigious MBA. Therefore, we offer Premium and Excellence scholarships to those who achieve impressive GMAT scores. Depending on your score, you can save up to 50% of the tuition fees!

Ensuring diversity and gender equality through scholarships

Studying abroad means discovering new cultures, learning about different ways of life and ways to do business A culturally diverse cohort helps broaden your mind and offers different perspectives on many issues. Being able to cooperate with and lead diverse groups of colleagues is an important skill for any future manager and leader. EDHEC offers multiple scholarships to ensure maximum international diversity in our cohorts. Our ‘Women in Leadership’ scholarship encourages and supports gender parity from the classroom to the boardroom.

Focus on sustainability

True to our ambition to ‘make an impact’, we have created our ‘Make an impact’ scholarship. Created in 2019, this scholarship rewards Global MBA candidates for driving sustainability and ethics in business. If you have the potential to make an impact on the United Nations Sustainable Development Goals, please speak with our admissions team to see whether you are the candidate for this year’s scholarship! Sanjay from Nepal was the first to be awarded the ‘Make an impact’’ scholarship for empowering underprivileged women in Costa Rica and Peru. By helping them set up their own businesses, Sanjay made a lasting and life-changing impact.

Investing in your future

Your degree is an investment in your professional future. Therefore, it is very important to budget and thoroughly prepare for your stay abroad. Do the necessary research concerning the cost of living in the host country in order to be sure you have sufficient resources. France, for example, requires students to prove that they have enough financial resources to cover the costs of living during their stay to obtain a visa. A short but intense programme like our 10 Month Global MBA means less financial investment as you can be back in a paid job in just under a year. In latest rankings, EDHEC’s Global MBA was recognised Number 1 in the world for return on investment. Scholarships can make a substantial contribution to your Global MBA budget. The availability of scholarships can therefore be an important factor to consider when choosing the MBA programme that is right for you.

 

"I really appreciated the transparent way EDHEC dealt with scholarships, the admissions team were very clear and open and explained the whole process and it makes it much easier to plan your finances. Plus I love the fact that there are a range of scholarships available - not just for GMAT but to be able to make the cohort diverse in every way." 

Rayna Bueing, EDHEC Global MBA 2018

 

In addition to EDHEC’s scholarships, you can also have a look at international scholarships offered by different national and international philanthropic organisations. Many countries offer state-funded scholarships to encourage studies abroad. Some of these scholarships are based on merit, whereas others are based on your financial resources, so a little digging could help you gain further financial support for your MBA studies. Kickstart your career with a Global MBA. Contact us to begin the journey towards the job of your dreams.

 

 

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