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A good MBA is a long term investment. It adds immensely to the knowledge of future managers about how business works, gives them skills to get things done and opens the doors to dream jobs in top notch companies. In top B-Schools, the learning experience and high placement packages are encouragement enough for the candidate’s interest in becoming an entrepreneur. The students gain good managerial knowledge and good leadership skills while studying at a B-School which is indeed a life asset. This makes the fees and expenses a secondary issue.
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CAT, other than being the most sought-after exam to get into top B-Schools, is also the way to earn great scholarships for the same. MBA courses are getting expensive year by year. Many candidates are interested in getting an MBA degree which can cost them from 3 lakhs and the same program even goes upto 50 lakhs! However, the most practical Business Schools believe that for the smartest minds, money should never be a hurdle and to put an end on such financial constraints, they present scholarship through CAT.
We here at Collegedunia have you covered and provide a credible yardstick that aspirants can use to decide which B-School to apply for. To help one navigate through a welter of information regarding scholarships for CAT toppers or financial assistance for MBA aspirants, we have enlisted top B-Schools which provide scholarships to the deserving candidates along with the criterion followed for the same.
The elite institute provides a need-based scholarship for economically weak students. The scholarship amount is based on the annual gross family income. For an instance, a student who is willing to pursue PGP and PGP-ABM and whose total family income does not exceed INR 6 Lacs are eligible for the fee waiver scheme.
Other scholarships include Industry Scholarships, SC/ST Scholarships, Government of India Merit-cum-Means Scholarships.
Government of India Merit-cum-Means Scholarships are given both in the first and second year, awarded to a maximum of 25% of students (of the non-sponsored student body) each year.
The aforementioned total fee of the program stands somewhere around 20 lakhs and thus scholarships provided at IIM Bangalore are very important.
One of the most important scholarship assistance for IIM is provided by the Society General Global Solution Centre India Scholarship, given to the neediest applicants in first year and the amount varies in accordance with the financial condition of the candidates.
Another one is offered by Ocwen Financial Solutions Private Limited. The Ocwen Scholarship for Competence in Academics and Research (OSCAR) is awarded to one student. The scholarship amount is INR 1.80 Lacs.
There are other corporation based scholarships which include
ISB awards scholarships both on the basis of need and merit. It also provides a fee remission to candidates performing up to the standards set up by the institute. The scholarship varies in amount which includes some full scholarships! So if you believe you have the potential and can prove it, there is no boundary here and you can and must take admission in this institute.
The ISB also partners with several corporates to provide scholarships during the course of the academic year in which Citibank, HSBC and Novartis Group offer scholarships up to INR 6 Lacs.
Also, 10 Global Scholarships are offered to ten applicants from ten different international geographic areas and the scholarship amount ranges from INR 3 Lacs to INR 15 Lacs.
The Amity Business School offers two types of scholarships- a complete waive off or a 50% scholarship. Amity Business School offers 100% scholarship to the candidates obtaining a minimum of 93% aggregate (excluding Physical Education, Fine Arts & Performing Arts) in Class XII of CBSE/ICSE Board and 80% marks in graduation.
A 50% Scholarship will be awarded to candidates who secure 88 percent marks in aggregate and above in Class XII of CBSE/ICSE and 75% marks in their graduation.
T.A. Pai Management Institute, Manipal offers scholarship of INR 1 Lac to the top three performing students in both the years of MBA Program. Well, the most important is scholarship through CAT for the candidates who secure 99 percentile or above.
Different scholarships provided by the institute are:
Other are Merit-cum-Means Scholarships. These include
In MDI Gurgaon, merit Scholarships of INR 10,000 are given to five students. An additional Bharti Foundation Scholarship is also awarded on the basis of merit.
Need-based concession in the tuition fee to the extent of 30% is given to the students whose family income is less than INR 150,000 (for PGDIM/PGDISEM/PGDITM students)
The institute awards need-based scholarship to the students of Social Entrepreneurship Programs. These scholarships are extended by Shroff Family Charitable Trust.
IRMA provides scholarships from Sir Ratan Tata. Also, more than 15 other scholarships are made available by the Ministry of Social Justice and Empowerment that covers the entire cost of education of SC/ST candidates Another 5 scholarships from the Ministry of Tribal Affairs and a National Dairy Development Board scholarship can be availed by the SC/ST candidates.
The Jaipuria Institute of Management, Lucknow awards scholarships based on a student’s performance in their respective entrance examination through which they have taken admission in the institute for first year and later on for the second year, the scholarships are given to the first three rank holders.
There is a variety of scholarships provided at Indus Business Academy, Bangalore. Scholarship of INR 10,000 is provided via Merit-cum-means scholarships and corporate scholarships. Thus, a working professional gets help from the employer.
IBA provides a scholarship of INR 30,000 to students who have secured
A scholarship of INR 40,000 is provided to candidates who secure
Lovely Professional University, Phagwara awards scholarships based on the candidate’s performance in LPU-TFA (LPU-Test for Financial Aid) or Co-curricular activities like Sports, Cultural or National Bravery Awards.
The most prestigious scholarship for any SRM student is the SRM Founder’s Scholarships, which includes not just the full fee waiver of tuition, but also the hostel charges, mess charges, and other than this, you even get a stipend INR 1,000/- per month!! This scholarship is offered to top state rankers in school final.
Other one is a Merit based Scholarship given to students who secure above 95% in CBSE or in State board examinations. They get up to 50% of tuition fee waiver in the branch they are eligible for at the time of counseling. A merit-Cum-Means Scholarship is offered to students with financial constraints based on their performance in the qualifying examination.
We hope you found the information helpful and you were able to arrive at a conclusion. The awards being offered must also give you a boost to perform so well that you can be benefited from the scholarships enlisted above.