Doing an International MBA can give you better job opportunities, a high salary, and a chance to connect with people from around the world. It can also help you grow into a strong leader.
But there’s a problem – studying at a top business school abroad is very expensive. The total cost can be ₹60 lakh to ₹1 crore, which makes it difficult for many Indian students to afford.
The good news is that in 2025, there are many fully funded and partial scholarships available for MBA students. These scholarships are given by top universities, foreign governments, and big global organizations. They help talented students from different backgrounds study abroad without worrying too much about money.
Below, we have compiled the most prestigious MBA scholarships for Indian students in 2025, along with eligibility criteria, benefits, and application details.
Why Scholarships Matter for MBA Students
Doing an MBA in another country can be a great investment for your future, but it can also be very expensive. Scholarships help by lowering tuition fees and also offer many extra benefits.
Students who get scholarships often get chances to learn from mentors, meet people from around the world, join leadership programs, do internships, and use special career resources. All these things can make them stand out when applying for jobs.
List of Top MBA Scholarships for Indian Students 2025
1. Chevening Scholarship
- Type: Fully Funded Master’s Degree in the UK (includes MBA)
- Scholarship Benefits:
- Full tuition fee waiver
- Monthly living stipend
- Airfare, visa fee, and other allowances
- Eligibility:
- Citizen of a Chevening-eligible country.
- At least 2 years’ work experience.
- Admission to at least one UK university.
2. Chevening–Karnataka Scholarship
- Target Group: Women graduates from Karnataka
- Amount: £19,800 per scholar (5 scholars annually)
- Eligibility:
- Graduate from a Karnataka college (priority to government colleges).
- Admission to a one-year Master’s course in the UK.
3. Strathclyde Business School Full-Time MBA Scholarships
- Location: Glasgow, UK
- Scholarship Amount: £10,000–£17,000 towards tuition fees
- Eligibility:
- Must have an offer for September 2025 full-time MBA.
- Strong academic background and leadership experience.
- Willing to contribute to the MBA community as a program ambassador.
- Key Benefits:
- Financial support to reduce tuition costs.
- Recognition of leadership potential and teamwork abilities.
4. Reaching Out MBA (ROMBA) Fellowship – Imperial College Business School
- Purpose: For LGBTQ+ MBA students committed to promoting equality and inclusion.
- Scholarship Amount:
- £20,000 tuition fee support
- Travel stipend for ROMBA Leadership Retreat in North America
- Free access to ROMBA events and exclusive resources
- Eligibility:
- Proven leadership in the LGBTQ+ community.
- Strong professional and academic track record.
- Commitment to diversity and advocacy roles during MBA.
5. DAAD Development-Oriented Postgraduate Scholarships
- Country: Germany
- Amount:
- €992 per month (Master’s)
- €1,300–€1,400 per month (Ph.D.)
- Insurance, travel allowance, rent subsidy, and family benefits
- Eligibility:
- Bachelor’s degree and 2+ years of work experience.
- Citizen of eligible developing countries.
- Commitment to development work in home country.
6. Bharat Ratna Shri Atal Bihari Vajpayee–Chevening UP Scholarship
- Region: Uttar Pradesh, India
- Benefits:
- Tuition fees, research costs, living allowance, and airfare
- Funding worth ~₹23 lakh from UP Government + FCDO support
- Eligibility:
- Resident of Uttar Pradesh.
- Top 5 selected candidates each year.
- Admission to a top UK university for a one-year Master’s degree.
7. Commonwealth Scholarships
- Type: Fully Funded Master’s & Ph.D. in the UK
- Benefits:
- Tuition fee coverage
- Monthly stipend
- Travel expenses and research grants
- Eligibility:
- Citizen of a Commonwealth country.
- Good academic record.
- Commitment to contributing to home country’s development.
Documents Required for Scholarship Applications
- Valid passport
- University offer letter or proof of application
- Academic transcripts and degree certificates
- English proficiency test scores (IELTS/TOEFL)
- Resume highlighting professional and leadership roles
- Two recommendation letters
- Statement of Purpose (SOP) or personal statement
- Proof of financial need (if applicable)
- Work experience certificates for MBA-focused scholarships
- Research proposal (for Ph.D. applicants)
Future Scope of MBA Scholarship Programs
As the world needs more business leaders, governments, universities, and private companies are likely to offer more scholarships in the future. Thanks to online platforms, applying for scholarships has become easier and more transparent, giving talented students from small towns and different backgrounds a chance to compete internationally.
FAQs – MBA Abroad Scholarships 2025
Can I apply for multiple scholarships at the same time?
Yes, you can apply for multiple scholarships, but make sure to tailor each application to the specific program.
Are these scholarships available for online MBA programs?
Most are for on-campus full-time MBAs, but some universities may offer funding for online or hybrid formats.
Do I need work experience for MBA scholarships?
Yes, most MBA scholarships require at least 2 years of professional experience.
Is IELTS mandatory for these scholarships?
Yes, for most programs, proof of English proficiency through IELTS or TOEFL is required.
DibyaJyoti Nath, founder of assamtopper.com, holds a B.Ed and a Master’s degree from Gauhati University. He works in the Education Department, Government of Assam, and has over 5 years of blogging experience, sharing helpful information with students.