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GMAT Scholarships

Updated on 07 February, 2023

Mrinal Mandal

Mrinal Mandal

Study Abroad Expert

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The scholarship based on the GMAT score will help you organize funding to pursue an MBA from a reputed business school. MBA scholarships offered at the international level depend upon the GMAT score. The GMAT scores are valid for a duration of five years. The higher the GMAT score, the higher one’s chances for a merit-based scholarship. 

The GMAT scholarship for Indian students depends upon some factors that need to be met, such as your academic experience, where you need to get the best score on the GMAT and your undergraduate GPA, and your leadership qualities so as to manage projects and assignments. You need to be very diverse about your interests, personal experiences, specialties, value, and perspective, once you are added to any program. 

Moreover, you may have work experience, but you need to be very broad about the goals and objectives that you want to achieve from your MBA program. MBA is the topmost qualification that is needed once you start your career by working in a corporate sector, and a reputed business school can enhance your designation. So, once you want to carry forward your MBA career by pursuing it at a reputed business school, you need to score well on the GMAT. Here is more on the GMAT score for scholarships and other vital information. 

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Scores Required for GMAT scholarship 

If you need to join a reputed business school for pursuing MBA, a GMAT based scholarship score has to be really high. You must have the affordability to continue your MBA programme. Once you have a GMAT scholarship, you can cross all major financial hurdles accordingly. The GMAT score for scholarships should be higher than 730 for aspirants. Once you want to get a good score in the GMAT scholarship, you need to be very confident about your knowledge and skills.

The GMAT scholarship for Indian students, which is merit-based, depends upon the academic merit of the student as measured by the GMAT score and the undergraduate GPA, along with the factors mentioned above. The top rankers who are looking for the best-reputed business schools can get a scholarship to pursue MBA programs. 


 

Top B-Schools offering Scholarships for Indian students 

Here are a few scholarships that deserve closer attention: 

Institution Scholarship Info 
Northwestern Kellogg

David F. and Margaret T. Grohne Family Foundation Scholarship (Given to students who are exceptional for two-year MBA programs)


 

Donald P. Jacobs International Scholarships  (Given to international students with a strong academic background)



 

Berkeley Haas 

All students are evaluated for scholarships on the basis of their merit. 


 

Some scholarships include the following: 


 

  • Allan Holt Fellowship
  • Berkeley Haas Scholarships
  • Dr. Tahir Fellowship
  • Brian Maxwell Fellowship
  • Mike and Carol Meyer Fellowship
Chicago Booth There are merit-based MBA scholarships on the basis of academic merit, interview quality, life experiences, prospective concentration, career goals, and other factors
London Business School BK Birla Scholars program with an endowment of £15 million for supporting 10 MBA students annually. The top 5% of the class is eligible for this award
INSEAD 

Varied scholarships are awarded on the basis of academic merit, professional background, leadership abilities, and other factors. Some scholarships include the following: 

  • Scholarships for Women
  • Leadership Scholarships
  • Merit Scholarships
  • Social Impact Scholarships
Wharton, University of PennsylvaniaWharton Fellowship Program considers students on the basis of their academic achievements, professional background, application criteria, and involvement in the community. Some other scholarships include the Joseph Wharton Fellowships for students with outstanding achievements in academics, Emerging Economy Fellowships, Forte Fellowships, etc. 
Stanford Business School There are scholarships like the Stanford GSB BOLD Fellows Fund Stanford Knight-Hennessy Scholars Program and more with varying criteria
Harvard Business School Multiple scholarships including the George Leadership Fellowship and the Harvard University General Scholarships
Oxford Said Business School Multiple scholarships including the Academic Futures Scholarship, Forte Fellowships for Women, Said Business School Foundation Scholarships and others with varying criteria 

These are some of the leading business schools worldwide, which offer MBA scholarships for aspirants. However, academic merit, GPAs, professional achievements, leadership, community involvement, and other criteria are taken into account for granting these scholarships. The GMAT score is not an exclusive criterion for scholarships at leading business schools, although it does help demonstrate a student’s academic merits and skills. 

Frequently Asked Questions

Is there any minimum score for getting GMAT-based scholarships?

Yes, there is a minimum score to get if you are seeking a scholarship based on GMAT scoreGMAT-based scholarships are given to those getting GMAT scores of 700-750. 

Can I get a 100% scholarship based on my GMAT score?

Yes, once you have a 750 GMAT score for a scholarship, you will get a chance at a 100% scholarship to pursue an MBA in top business schools internationally.

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Mrinal Mandal

Study Abroad Expert

Mrinal Mandal is a study abroad expert with a passion for guiding students towards their international education goals. He holds a degree in mechanical engineering, earned in 2018. Since 2021, Mrinal has been working with upGrad Abroad, where he assists aspiring students in realizing their dreams of studying abroad. With his expertise and dedication, he empowers individuals to navigate the complexities of international education, making their aspirations a reality.

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Disclaimer

The above tips are the Author's experiences. upGrad does not guarantee scores or admissions.