Earn Your MBA with Full Funding and Monthly Financial Support
Pursuing a Master of Business Administration (MBA) is a powerful step toward advancing your career — but the cost of tuition, travel, and living expenses can be overwhelming. Fortunately, a growing number of universities and organizations now offer fully funded MBA scholarships with monthly stipends to help international students study without financial barriers.
Whether you want to study in the USA, UK, Europe, or Asia, this guide outlines the top MBA scholarships in 2025 that cover tuition and provide generous monthly support.
What Does an MBA Scholarship with a Monthly Stipend Cover?
The best MBA scholarships usually include:
- Full or partial tuition waiver
- Monthly living allowance
- Travel grants or flight tickets
- Accommodation and insurance coverage
- Access to internships or networking events
These benefits allow students to focus fully on academics and leadership training while studying in top global programs.
Top MBA Scholarships with Monthly Stipends in 2025
1. Stanford Knight-Hennessy Scholars (USA)
- Institution: Stanford Graduate School of Business
- Coverage: Full tuition, monthly stipend, airfare
- Eligibility: Open globally; strong leadership and innovation focus
- Extras: Leadership training, community-based learning
- Deadline: October 2024
- Website: knight-hennessy.stanford.edu
Highly competitive but one of the most generous MBA opportunities in the world.
2. Harvard Business School – HBS Fellowships (USA)
- Institution: Harvard Business School
- Coverage: Need-based tuition support + monthly stipend (based on income)
- Eligibility: International students eligible; financial need assessed individually
- Deadline: Varies per round
- Website: hbs.edu/mba
Offers a financial aid calculator to estimate personalized support.
3. INSEAD MBA Scholarships (France/Singapore)
- Institution: INSEAD (Global campuses)
- Coverage: Tuition reduction + monthly allowance (for specific scholarships)
- Types: Need-based, merit-based, regional (Africa Leadership Fund, etc.)
- Deadlines: Multiple rounds from July to October 2024
- Website: insead.edu
INSEAD offers one of the most diverse and well-funded scholarship portfolios for MBAs.
4. DAAD EPOS – Development-Related Postgraduate Courses (Germany)
- Institution: Various German universities
- Coverage: Full tuition, €934/month stipend, travel allowance, health insurance
- Focus: MBA in International Management, Development Finance, etc.
- Eligibility: Citizens of developing countries with 2+ years work experience
- Deadline: August–October 2024 (varies by university)
- Website: daad.de/epos
Especially good for social-impact and sustainability-focused MBA programs.
5. Oxford Pershing Square Scholarship (UK)
- Institution: University of Oxford (Said Business School)
- Coverage: Full MBA tuition, full MPhil tuition (if applicable), living expenses
- Eligibility: 1+1 MBA applicants; impact-driven leaders
- Deadline: January 2025
- Website: sbs.ox.ac.uk
This scholarship supports MBA students working on global-scale solutions.
6. ADB–Japan Scholarship Program (Asia)
- Coverage: Tuition, monthly stipend, housing, airfare
- Eligible Countries: ADB member countries
- Universities: Asian Institute of Management (Philippines), Hitotsubashi University (Japan), others
- Focus: Public administration, business, and development
- Deadline: April–June 2025 (varies)
- Website: adb.org
One of the best Asian-based scholarships for development professionals.
7. IMD MBA Scholarships (Switzerland)
- Institution: IMD Business School
- Coverage: Up to CHF 85,000 + living support
- Eligibility: Merit-based, female leaders, entrepreneurs, and emerging markets
- Deadline: September 2024
- Website: imd.org
Offers multiple named scholarships for high-potential candidates.
8. University of Cambridge – Cambridge MBA Scholarships (UK)
- Institution: Judge Business School
- Coverage: Full or partial tuition, some include stipends
- Examples: Cambridge Trust, Mandela Scholarship, etc.
- Deadline: January–March 2025
- Website: jbs.cam.ac.uk
Strong alumni network and post-MBA work opportunities in the UK.
Who Should Apply?
These scholarships are ideal for:
- Professionals with 2–5+ years work experience
- Individuals from developing countries
- Applicants with strong leadership, entrepreneurial, or social impact backgrounds
- Those applying to top global MBA programs
Tips to Strengthen Your MBA Scholarship Application
- Craft a unique, purpose-driven personal statement
- Highlight measurable leadership experience
- Show career clarity and community impact
- Prepare for standardized tests (e.g., GMAT, GRE, IELTS)
- Apply early — especially in round 1 for top MBA schools
Final Thoughts
If you’re serious about earning an MBA without going into debt, these scholarships are your best path forward. They not only cover tuition but also provide monthly stipends to allow you to focus on learning, leadership, and growth.
Start preparing now — most MBA scholarships are competitive and close months before the program begins.
Apply with confidence, and aim high.
Ready to begin your scholarship application journey? Visit ApplyScholarshipHub.com for more detailed guides, application templates, and personalized assistance with your scholarship applications.
