Top MBA scholarship institutions in India

These days higher education is very costly. Only the rich are able to afford MBA professional courses. If you want to escape high college fees, scholarship is the only option available. In this article I will talk about top scholarship MBA institutions in India.


The MBA course is getting costlier year after year. More and more students are on the look out for institutions that provide scholarships. Some institutions offer scholarships on merit cum need basis. I will give information on top MBA institutions offering scholarship.

Amity Business School

For 100% scholarship the eligibility for this institution is 93% marks in the 12th and 80% marks in graduation. This should exclude physical education, fine arts and performing arts. For 50% scholarship the eligibility is 88% or more marks in the 12th and 75% marks in graduation. One should have passed 12th either through CBSE or ICSE.

Indus Business Academy, Bangalore

This institution offers a merit cum means scholarship. 5 students are offered a scholarship of 10,000 each. Second scholarship offered is the corporate scholarship under which 2 students are offered a scholarship of 10,000 each. Those who secure 80% in 10th, 12th and graduation can get a scholarship of Rs 30,000. There is also an examination for scholarship. Those who pass this examination and also have secured 60% marks in the 10th, 12th and graduation are eligible for this.

IIM, Ahemdabad

The Indian Institute of Management, Ahemdabad offers scholarship schemes for suitable students for doing PGP and ABM. The institutions take into consideration the income of the parents and other factors into consideration before offering scholarship. The also institution offers other facilities as mentioned below-
  • The institution offers exemption on tuition fees to certain candidates. For this the parents of the student should not have an yearly income above 6 lakhs. Full fee exemption is given to some candidates if the yearly income of their parents is below 1 lakh per year.

  • The institution also offers IIMA special scholarship. This is granted to certain candidates who want to do a post graduate programme. The income of the parents should not be more than 2 lakhs per year.

  • The institution offers industry scholarships to some candidates who are not eligible for special scholarships.

  • Aditya Birla Group Scholarship is also offered by IIM. This scholarship is offered to candidates seeking PGP1 and PGP2 students. This scholarship is subject to certain terms and conditions. An assistance of Rs 1.25 lakh rupees is given to students in this scheme.

  • The institution offers the O.P Jindal Engineering and Management scholarship. This scholarship is given to PGP1 and PGP2 students. The student should have a good academic record under this scholarship. This scholarship is subject to online examination and interview.

  • IIM offers ONGC scholarships for backward candidates yearly.

  • The Government Of Gujarat also offers some scholarships to students applying for IIM subject to certain terms and conditions.

  • IIM, Bangalore

  • The first scholarship offered by IIM Bangalore is the Aditya Birla scholarship. This is a merit based scholarship which is offered to PGP students during the 1st and 2nd year. The scholarship is initially given for the first year and then extended for the second year also if the student is scores in the top 25 list of the first year. An amount of Rs. 1.75 lakhs is offered to the student as scholarship under this scheme.

  • Uda Naik scholarship is the second scholarship offered by the IIM, Bangalore. This is a merit cum means scholarship. This is offered in commemoration of Uda Naik, who was a PG student. An amount of Rs 10,000 is offered as scholarship under this scheme.

  • The third scholarship offered by this institution is the T.Thomas scholarship. This is a merit cum means scholarship of 1 lakh offered by the Hindustan Uniliver Ltd offered to eligible PGP students. This scholarship is offered on the basis of academic records of the student.

  • The fourth scholarship is the OPJEMS scholarship. This is a scholarship offered by the O.P Jindal group for 1.25 lakhs.

  • The fifth scholarship is the Rajesh Kaushik Memorial scholarship. This is for 1.5 lakhs and offered on merit cum means basis every year.

  • The sixth scholarship is offered the O.C Vein Financial Solutions Private ltd. O.C Vein scholarship for competence in Acedemics and Research (OSCAR)is granted to eligible students. The scholarship amount is 1.80 lakhs.

  • The seventh scholarship is offered by Cognizant Technology Solutions Wizard scholars. This is given to students who have good academic records and leadership skills and who are determined in their careers. The scholarship amount for the first eligible student is 3 lakh and 1 lakh for the second eligible student.

  • IIM, Lucknow

  • The first scholarship offered by the IIM, Lucknow is the need best IIML scholarship. This is given on the basis of merit and family income. 15% of the students are offered this scholarship. The yearly income of the parents of the student should not be Rs 1.5 lakhs per year.

  • The second scholarship offered by this institution is the Industry Sponsored scholarship. This is given at the end of every academic year on the basis of merit. The scholarship amount is 6000-10,000 Rupees per year. Companies like Hindustan Lever Ltd, Racket becanzer, Aditya Birla, Rattan Tata, Citibank, EXIM bank, Nestle India Ltd, Central Bank of India, APJ trust and Bharati Foundation Ltd offer this scholarship.

  • The third scholarship offered is the merit cum means scholarship. Under this scholarship an amount of Rs 2200 rupees per year is given to eligible students. Some 25% of the students get this scholarship.

  • Bharti scholarship is the fourth scholarship. Eligible students are given an amount of 50,000 rupees. The annual income of the parents of the students should be below 1.08 lakhs per year.The scholarship is given for both years of the PGP.

  • The fifth scholarship is the 'Anusuchit Janjati scholarship'. Every SC/ST candidate gets this scholarship. The amount of scholarship is Rs 1500 per year. This scholarship is provided by through the State Government. The details on this scholarship is available with the institution.

  • Institute of Rural Management, Anand, Gujarat

  • The first scholarship offered by this institution is a merit scholarship available through the TATA group. The amount is Rs 50,000. This is paid on the second year. The trust decides to which students this scholarship should be given to.

  • There is a scholarships offered by this institution for SC/ST students also. This scholarship is awarded to 15 students and covers the entire fees. This scholarship is paid by the Ministry of Justice.

  • The Government of India also provides scholarships for 10 eligible SC/ST students in this institution.

  • Institute of Financial Management and Research, Chennai

  • Merit cum means assistance scholarship is the first scholarship provided by this institution. This is given to eligible candidates. The scholarship amount ranges from 1 lakh to the full amount.

  • The second scholarship is the T. Thomas scholarship offered by Hindustan Lever Ltd. This is given to outstanding students of the PGDM.

  • Indian School of Business, Hyderabad

  • The first scholarship offered by this institution is from IBS. The scholarship amount varies from person to person depending on factors. This IBS in collaboration with HSBC, Citibank, Novatis Group arranges the scholarships. The scholarship amount can be upto 6 lakh Rupees.

  • Other companies that give scholarships through this institutions are Citigroup(4-6 candidates, scholarship amount up-to 12,500 American dollars per student), Novatis (3 candidates, scholarship amount 3 lakhs), Nurture India (scholarship amount 4 lakhs), Manhattan review (5 candidates, scholarship amount 1 lakh) and Zambori India Talent Promotion award(5 students, scholarship amount 1 lakh).

  • ISB offers 10 global scholarships. The amount is determined based on many factors. The amount can be from 3 lakhs-15 lakhs. This scholarship is arranged with collaboration with firms from America, Latin America, Eastern Europe, China, Western Asia, Australia, SAARC countries and Africa.

  • Management Development Institute, Gurgaon.

  • At the end of the second year this institute offers 5 scholarships on merit @ Rs 10, 000/-.

  • Students doing MDI courses are offered scholarships from the O.P Jindal group.

  • Germany DAAD scholarship is offered in this institute. Scholarships are arranged in collaboration with other international firms also.

  • SRM School of Management

  • SRM founders scholarship is offered at this institute. This is a prestigious scholarship which covers the entire fees as well as other expenditure including hostel fees. The student also gets a monthly amount of 1000 rupees per month. This scholarship is given to the toppers of schools.

  • Merit scholarships are also available in this school. Students who have scored 95% marks under CBSE and State education. This is granted to top students. Upto 50% reduction in tuition fees is offered under this scholarship. The number of students selected varies from time to time bu the school.

  • The institute offers merit cum means scholarship. 25% reduction in tuition fees is offered to students who hail from poor families.

  • This school offers scholarships to handicapped students. Certain handicapped students are offered 100% reduction on fees.

  • SSN School of Management and computer applications, Chennai

  • This School offers 400 scholarships to students. The first scholarship offered is merit scholarship. Some students in the second year are also selected for scholarships based on performance in the first year.

  • The second scholarship offered is the merit cum means scholarship. Students are offered scholarships based on merit and poor family background.

  • Those who have topped in the 12th standard get full fees wavered in the first year of the course.

  • The institute offers sports scholarship also. Those who excel in sports activities and have a good record can apply for this scholarship.

  • T.A Pay Management Institute, Manipal

    This institute offers scholarships to three students during the first year and scholarships to three students during the second year. The scholarship amount is 1 lakh each. Those who score 99% in CAT are offered special scholarship. Apart from these scholarships there are a few scholarships for meritorious students too. The tuition fees is wavered under the scholarship.

    TATA Institute of Social Sciences, Mumbai

  • M.K Tata trust scholarship is the first scholarship under this institute. Eligible Students opting for courses like Social Work, HRM &LR, Master of Health Administration and Master of Hospital Administration are offered scholarships of 90,000 per year.

  • Swarab Framrose Maneksha Scholarship is offered to poor students for B.A, M-Phil, M.A and Phd programmes.

  • Twenty free studentship scheme is for poor students. This is initially given for a period of one year. This has to be renewed during the second year.

  • Welingkar Institute of Management, Development & Research, Mumbai

    This institute gives 100% fees exemption to students who tops. The second topper gets a laptop from the institute. The third topper gets a chance for internship abroad.

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