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    Chicago Booth Business School Scholarships

    Sugandhi Sood's profile photo

    Sugandhi Sood

    Study Abroad Expert

    Pursuing a full-time MBA program in the U.S. is a costly affair as the total cost of attendance varies from 1,50,000-2,50,000 USD. Moreover, when you plan to study at the Chicago School of Business, you have to bear several other expenses such as accommodation, insurance, student service fee, etc.

    To give you an idea, the estimated cost of attendance Booth Business School is mentioned in the following table:

    Category  Expense (in USD)
    MBA Tuition Fees 1,44,000
    Student Service Fee 1,248
    Health Insurance 4,600
    Service Fee 2,500
    Lifetime Fee Credentials 75
    Books 684
    Room and Board 22,185
    Personal 2,286
    Transportation 1,944
    Computer Allowance 1,300
    Total 1,80,822

    All three scholarship programs offered students relaxation in the Tuition fee.


    Scholarship TypeMerit-Based, College-Specific
    Offered byInstitution
    Application DeadlineN/A
    No. of ScholarshipsN/A
    International Students EligibleYes
    Scholarship Website LinkN/A

    Eligibility Criteria

    To establish eligibility for the University of Chicago Booth School of Business scholarships,

    • You must live and work in India at the time of the application.
    • You must be eligible to enroll for the full-time MBA program at Booth School of Business.

    It is quite easy to provide proof of citizenship and residentship, all you have to do is provide the institution with your updated passport. However, the eligibility criteria for the MBA program is not so simple.

    To be considered for admission, you have to submit various documents. The table below will guide you for the same.

    Criteria Requirements
    Academic Qualifications UG transcripts & degree
    English language proficiency TOEFL-iBT: 104; TOEFL-pBT: 600; IELTS: 7.0; PTE Academic: 70
    References 1 academic LOR; 1 professional LOR
    Application questions 2 questions; minimum 250 words for each answer
    Standardized test score GRE/GMAT score

    Application Process

    There is no additional application process for these fellowships and scholarships. All applications are considered and decisions are based solely upon the information provided within the application.

    Selection Process

    The selection process is highly competitive; awards are based upon information provided within the original application and are communicated at the time of admission.

    Recipients are chosen on their academic merit, prospective concentration, competitiveness, career goals, and life experiences.

    Grant Details

    At Booth Business School, Indian students considered for three different scholarships: The India Trust Fellowship, Akhtarali H. Tobaccowalla Fellowship, and Ramakrishnan Family Scholarship. The grant history for all three scholarships are given below:

    The India Trust Fellowship

    Through the generosity of individuals, corporate, alumni, and foundation donors, the business school offers The India Trust Fellowship. This is a merit-based fellowship that recognizes students with outstanding academic and extracurricular achievements.

    Akhtarali H. Tobaccowalla Fellowship

    This fellowship scheme is established in memory of the 1952 graduate of Chicago Booth. Applications of all the eligible students will be considered automatically. Decisions are made using the comprehensive approach which takes into account your educational achievement, experiences, interests, location of residence, and goals as indicated in the application for admission.

    Ramakrishnan Family Scholarships

    The Ramakrishnan Family Scholarship scheme provides tuition support to three incoming students from India. Recipients will be awarded 25,000 USD per year, totaling 50,000 USD each for the two-year program.

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