Student Scholarships for a Masters or MBA Program: How to Find

Mar 04, 2020

Students seeking master's degrees, or specifically Master of Business Administration (MBA) degrees, can use online search tools to explore funding options. They can also find scholarships offered by schools, companies and private foundations.

Scholarship Search Tools

Many reputable websites have searchable databases with information about scholarships for graduate students. These databases usually offer free access and may require individuals to register before viewing scholarship information. Some sources include:

  • The U.S. Department of Education's Federal Student Aid website features tips for finding scholarships and links to sites with searchable databases.
  • Sallie Mae, an organization that provides education loans, has a scholarship database on its website. The site is free, but students must register to use it.
  • The U.S. Department of Labor hosts a scholarship search tool on its Career InfoNet site.
  • College and university financial aid offices have information on scholarships available through the school or through outside organizations.

Scholarship Sources

Prospective students can also look to schools, private organizations and businesses when looking for scholarships.


Most schools maintain an online list of scholarships and their requirements. Master's degree students studying any subject can find scholarship opportunities offered by their school. Many business schools automatically consider all MBA applicants for all available scholarships.


In addition to schools, prospective master's degree students can seek scholarships from organizations that provide funding opportunities for particular demographic groups, as well as for students who are studying particular topics. Here are a few options:

  • The National Black MBA Association offers a scholarship for 14,000 black students in 40 professional Chapters.
  • The American Association of University Women offers fellowships for master's degree students studying architecture, computer/information sciences, engineering and mathematics/statistics. Women of color in MBA programs can also apply for funding for their second year of study.
  • Honorably discharged veterans in graduate-level nursing programs can apply for a scholarship from the Army Nurse Corps Association (ANCA).
  • The Bisexual Foundation Scholarship Award is available for master's-seeking students in psychology or therapy/counseling programs who are researching the psychology of sexuality.


Business-related organizations and businesses also offer scholarship opportunities to MBA students.

  • Morgan Stanley, a financial firm, offers a merit-based scholarship program for outstanding women and minority MBA students.
  • The Association of Management Consulting Firms offers the Richard Metzler Scholarship, which is a competitive $5,000 prize for both undergraduate and graduate students.
  • Some working MBA students might find that their employers offer scholarships for students completing graduate degrees.

Students who are seeking master's degrees or MBA degrees can search for scholarships using online resources. They can also consult the websites of particular companies and organizations that provide specialized funding opportunities.

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