MBA Scholarships & Fellowships (2026): 20+ Verified Ways to Fund Your MBA

Updated: Jan 12, 2026 by Leah Kim, chief editor for scholarshipsandgrants.us

MBA Scholarships & Fellowships — 2025 Guide

This is a hand-picked, MBA-only list you can actually use—no zombie links, no fake awards. We highlight who it’s for, what it pays, when it’s due, and give you the Apply/info link with a ✅ Verified timestamp. Use it to build your app stack fast, then go secure that bag.

Flagship & identity-based MBA scholarships (national)

Forté MBA Fellowships (women; open to all genders at many partner schools)

• Why it slaps
  • Automatic consideration at 60+ partner schools (no extra app at many programs).
  • Huge network + conferences + career boosts.
• Amount: Varies by school; Forté reports $475M+ awarded to MBA students to date.
• Deadline: With your MBA application at partner schools.
• Apply/info: MBA, Mellon University, Forté .comCarnegie, Foundation
•  — ✅ Link verified Aug 16, 2025

The Consortium for Graduate Study in Management (URM & inclusion-focused)

• Why it slaps
  • Up to full-tuition fellowships at member schools.
  • One application can hit multiple programs.
• Amount: Up to full tuition (school-awarded via Consortium).
• Deadline: Applications open mid-Aug; rounds vary by school.
• Apply/info: consortium.cas.myliaison.com, Columbia Business School Academics  — ✅ Link verified Aug 16, 2025

ROMBA LGBTQ+ MBA Fellowship (Reaching Out)

• Why it slaps
  • Minimum $20,000 scholarship from partner schools + leadership programming.
  • 60+ schools participate.
• Amount: At least $20,000; some schools fund more. Reaching Out+1
• Deadline: With your MBA application to participating schools.
• Apply/info: https://reachingoutmba.org/fellowship/ — ✅ Link verified Aug 16, 2025

Knight-Hennessy Scholars @ Stanford (MBA eligible)

• Why it slaps
  • Up to three years of funding + leadership programming.
  • Works with the Stanford GSB MBA or joint degrees.
• Amount: Funding for up to 3 years of Stanford grad study.
• Deadline: Fall (K-H form) + your Stanford MBA deadlines. Check criteria.
• Apply/info: Knight-Hennessy Scholars, Knight-Hennessy Scholars+1— ✅ Link verified Aug 16, 2025

Paul & Daisy Soros Fellowships for New Americans (MBA eligible)

• Why it slaps
  • Elite fellowship for immigrants/children of immigrants (incl. DACA).
  • Funds any U.S. grad program, including MBAs.
• Amount: Multi-year support (varies). See official details.
• Deadline: Fall; check annual cycle.
• Apply/info: pdsoros.org — ✅ Link verified Aug 16, 2025

Point Foundation — Flagship Scholarship (LGBTQ+; grad eligible)

• Why it slaps
  • Leadership development + mentors + national LGBTQ+ network.
• Amount: Varies by award; multiple programs (incl. Access).
• Deadline: Usually late fall/winter.
• Apply/info: pointfoundation.org+1 — ✅ Link verified Aug 16, 2025

Hispanic Scholarship Fund (HSF) — Graduate

• Why it slaps
  • Big national program; stackable with school aid.
• Amount: $500–$5,000 based on need.
• Deadline: Opens Jan; deadlines vary.
• Apply/info: hsf.net — ✅ Link verified Aug 16, 2025

NBMBAA® (National Black MBA Association) Scholarships

• Why it slaps
  • National + chapter awards; career network + conference.
• Amount: Program collectively awards $2M+ annually across partners (award sizes vary).
• Deadline: Varies by scholarship and chapter.
• Apply/info: NBMBAA+1 — ✅ Link verified Aug 16, 2025

Prospanica (Association of Hispanic MBAs) Scholarships

• Why it slaps

  • Grad business-specific; often up to $5,000.

• Amount: Up to $5,000 (eligibility rules apply).

• Deadline: Spring–summer windows are common.

• Apply/info: members.prospanica.org, prospanica.org— ✅ Link verified Aug 16, 2025

Native Forward Scholars Fund (formerly AIGC) — Grad & Professional

• Why it slaps
  • Largest direct scholarship provider for Native students; 30+ awards; many business-eligible.
• Amount: Ranges; some programs report up to $30,000.
• Deadline: Varies by program.
• Apply/info: nativeforward.org+1, University at Buffalo — ✅ Link verified Aug 16, 2025

Fulbright (Foreign Student Program — international students coming to the U.S.)

• Why it slaps
  • Flagship program; can fund U.S. graduate study (including MBAs) for non-U.S. citizens via country programs.
• Amount: Varies (tuition + stipend + travel per award).
• Deadline: Country-specific. Start at official portal. exchanges.state.gov+1
• Apply/info: https://foreign.fulbrightonline.org/about/foreign-student-program — ✅ Link verified Aug 16, 2025

AAUW International Fellowships (women; non-U.S. citizens studying in U.S.)

• Why it slaps
  • Master’s/first professional degree funding; MBA-eligible.
• Amount: Commonly listed as $20,000 (Master’s); amounts vary by level. Graduate College
• Deadline: Typically fall.
• Apply/info: AAUW : Empowering Women Since 1881 — ✅ Link verified Aug 16, 2025

P.E.O. International Peace Scholarship (women; non-U.S./Canada citizens)

• Why it slaps
  • Supports grad study in U.S./Canada; MBA-eligible.
• Amount: Up to $12,500.
• Deadline: Opens yearly; see IPS policies. P.E.O. International
• Apply/info: P.E.O. International — ✅ Link verified Aug 16, 2025

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Veterans & public-service funding

Pat Tillman Foundation — Tillman Scholars (veterans, service members, spouses)

• Why it slaps
  • Leadership cohort + multi-year support that complements GI Bill.
• Amount: Average ~$10,000/year. Pat Tillman Foundation
• Deadline: Early year; check official timelines.
• Apply/info: Pat Tillman Foundation — ✅ Link verified Aug 16, 2025

VA Yellow Ribbon (Post-9/11 GI Bill® enhancer for grad school)

• Why it slaps

  • Can cover private/grad school tuition that PGIB doesn’t.

  • Many MBA programs contribute high matches.

• Amount: School + VA match; varies by school (use the finder).

• Deadline: Coordinate with your school certifying official.

• Apply/info: Veterans Affairs+1 — ✅ Link verified Aug 16, 2025

GFOA (Government Finance Officers Association) — Grad Scholarships (public finance careers)

• Why it slaps
  • Big awards for MBAs targeting state/local gov finance (e.g., Goldberg-Miller $30,000 in 2025; other $10,000 awards).
• Amount: Multiple scholarships; $10,000–$30,000 typ.
• Deadline: Winter–early spring (varies per award).
• Apply/info: Government Finance Officers Association+1 — ✅ Link verified Aug 16, 2025

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Corporate MBA diversity fellowships (tied to internships/recruiting)

These are real cash awards, but they’re recruiting-linked (usually require completing a summer internship and/or accepting a full-time offer). Read fine print.

Goldman Sachs MBA Fellowship (Investment Banking)

• Why it slaps
  • Cash award + internship + potential return bonus.
• Amount: $35,000 with Summer Associate; +$40,000 upon return/FT offer (per school career pages). Cornell Johnson
• Deadline: During GS campus recruiting.
• Apply/info: https://www.goldmansachs.com/careers/students/ — ✅ Link verified Aug 16, 2025

Bank of America MBA Diversity Fellowship (Global Banking & Markets)

• Why it slaps

  • Tuition support + paid SA internship; diversity-focused.

• Amount: Frequently cited up to $40,000 first-year tuition support (details vary by cycle). Tuck School of Business

• Deadline: During BofA campus recruiting.

• Apply/info: https://careers.bankofamerica.com/en-us/students/programs — ✅ Link verified Aug 16, 2025

Evercore Pre-MBA/MBA Diversity Fellowship (Investment Banking)

• Why it slaps
  • High-dollar package + internship pipeline at an elite boutique.
• Amount: Commonly cited $40,000 + SA internship + potential $35,000 post-MBA stipend upon FT start (per program flyers/school comms). uConnect, Development, Yale Career  Labs
• Deadline: Late spring/early summer pre-MBA cycles.
• Apply/info: https://www.evercore.com/careers/students-graduates/ — ✅ Link verified Aug 16, 2025

📝 Heads-up: The former Toigo Fellowship is now Toigo LIFE (leadership/skills program rather than a cash fellowship). Great signal + training for finance careers. Toigo Foundation+1
Info: https://toigofoundation.org/our-work/graduate-education/life/ — ✅ Link verified Aug 16, 2025

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Don’t forget school-based MBA funding (big money, simple steps)

Most top programs fund heavily through their own aid—apply for admission and complete financial aid forms.

• Harvard Business School (need-based): ~50% of MBAs receive scholarships; avg ≈ $46K/year; some full-tuition for highest need. Harvard Business School+1
  Info: https://www.hbs.edu/mba/financial-aid — ✅ Verified Aug 16, 2025

• Stanford GSB (need-based): Avg ≈ $47–50K/year fellowship; ~half of MBAs receive funds. Stanford Graduate School of Business+1
  Info: https://www.gsb.stanford.edu/programs/mba/tuition-financial-aid — ✅ Verified Aug 16, 2025

• Wharton: Robust fellowships (merit/other); awarded with admission. MBA Inside
  Info: https://mba.wharton.upenn.edu/tuition-financial-aid/ — ✅ Verified Aug 16, 2025

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Pro tips to stack wins (fast)

• Batch your apps: Hit identity/org programs and school aid in the same week.
• Quant + impact receipts: Summarize leadership/impact with numbers (money raised, members led, outcomes).
• Ref letters early: Ask recommenders now; give them bullets that map to each scholarship’s values.
• Keep receipts: Some fellowships reimburse (conference travel, exam fees), but only with documentation.
• Use ROMBA/Forté calendars: Their events double as networking/interview pipelines. Reaching OutForté Foundation

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🎓 MBA Scholarships — FAQ

Q1. Do I have to be accepted into an MBA program before applying for these scholarships?
Not always! Some fellowships (like Forté or Consortium) are tied directly to your MBA application—you’re considered during the admissions process. Others (like PD Soros or Tillman) are stand-alone and require you to apply separately. Always read the fine print.

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Q2. Can I stack multiple MBA scholarships together?
Yes—sometimes. For example, you can combine a school’s need-based aid with an external award like Point Foundation or Tillman. But some fellowships (e.g., Consortium full-tuition) may restrict stacking. Confirm with your financial aid office.

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Q3. Are these scholarships only for U.S. citizens?
Nope! Many are open to permanent residents, DACA recipients, and even international students (e.g., Fulbright, AAUW International, P.E.O. Peace). Always check citizenship/eligibility requirements listed by the program.

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Q4. What’s the average scholarship amount for MBA students?
Big national fellowships can cover full tuition (e.g., Consortium, Knight-Hennessy). School-based aid is also hefty: HBS and Stanford average around $46K–$50K per year. Corporate fellowships (Goldman, Evercore, BofA) run $35K–$40K+, often tied to internships.

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Q5. How do corporate MBA fellowships work?
They’re basically “scholarship + internship + job pipeline.” You apply during recruiting, get a summer internship plus upfront tuition support, and often more $$ if you return for full-time.

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Q6. Are deadlines the same as MBA application deadlines?
Sometimes yes (Forté, ROMBA, Consortium), sometimes earlier/later (Tillman, PD Soros, Fulbright). Treat each program like a mini-application cycle—create a tracker.

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Q7. I’m already an MBA student. Can I still apply?
Yes. Some awards allow 2nd-year MBAs to apply (e.g., Prospanica, Point, NBMBAA). School fellowships can also adjust in Year 2 depending on your circumstances.

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Q8. Where should I start if I’m overwhelmed?
👉 Step 1: Apply for your MBA with need-based forms.
👉 Step 2: Layer in big identity-based fellowships (Forté, Consortium, ROMBA).
👉 Step 3: Add niche/external (Tillman, PD Soros, Point).
👉 Step 4: Explore corporate diversity fellowships if you’re targeting IB/consulting.

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