GMAT Exam as a Gateway to Scholarships for Indian students
Thousands of Indian citizens start their journey to business school each year on what they hope is the path to being the next great business leader.
But business school can be a significant investment, however to student’s relief, there are multiple financing options to help you pay for business school and GMAT exam can lead you up to that path.
5 study abroad scholarships for Indian students
National Overseas Scholarship
This international scholarship for Indian students is offered by India’s Ministry of Social Justice and Empowerment.
It covers up to US$15,400 towards costs. To be eligible, you must come from a family with an income of less than US$10,800 per year and you must be below 35 years old. You should have an undergraduate degree with a minimum score of 60 percent. Only two children from the same family can apply for the National Overseas Scholarship.
GREAT Scholarships India
The UK government’s GREAT Britain Campaign and the British Council fund the GREAT Scholarship, which covers a minimum of US$13,600. Among the requirements are:
• You must be a citizen of India.
• You must have an undergraduate degree, be motivated, and have an interest in the proposed subject area.
• You must meet the English language requirements of the UK university.
Commonwealth Scholarships
This international scholarship for Indian students is offered to those who want to study in the UK.
The British Council is among the main bodies in the UK that offer full study abroad scholarships. A Commonwealth scholarship covers the approved tuition fees for your course and an approved airfare from your home country to the UK and return at the end of the scholarship. It also provides a living allowance of around US$1500 per month, with that rising to US$1900 for those living in the London metropolitan area.
To be eligible, you need to be a citizen of or permanently reside in a Commonwealth country. You should have an undergraduate degree of at least upper second class (2:1) standard, or a second-class degree (2:2) and a relevant postgraduate qualification. You also need to prove that you would not be able to afford your education without funding.
Stanford Reliance Dhirubhai Fellowships for Indian Students
Stanford Graduate School of Business provides financial support at the beginning of every academic year to up to five Indian nationals who commit to returning to India post-MBA.
This scholarship provides up to US$95,000 per year, with the amount differing based on each candidate’s circumstances. The grant can be used for tuition, living expenses, and health cover.
To be eligible, you must be an Indian citizen, eligible for the Stanford MBA, have a graduate degree, have passed the minimum cutoff for the GMAT, and have English proficiency scores through IELTS or TOEFL.
Orange Tulip Scholarship
If you’re wanting to study in the Netherlands, the Orange Tulip Scholarship is offered to students from Neso countries (Netherlands Education Support Offices) including Brazil, China, India, South Korea, and Vietnam.
To be eligible, you need to be living in one of these countries and must not have already completed an undergraduate degree or worked before in the Netherlands. Business schools offering this study abroad scholarship include Amsterdam Business School, Maastricht School of Management, Nyenrode Business University, and Rotterdam Business School.
The application requirements and total amount of scholarship aid provided varies between institution.
A GMAT score can help you gain scholarship at your dream B-school and you can earn up to 50% off your tuition.
Authored by GMAC
Originally published on https://www.mba.com/
