When MBA applicants apply to a business school, they usually apply to schools where they have a better chance of being accepted. But another factor that one needs to consider is whether it is financially viable for us to apply and study at a college in a country. It is a wide-ranging debate – do you study at a great college with the burden of loan hanging on your back or do you make do with an average college which offers you a generous scholarship? For most of us, it’ll be the latter.

A major chunk of international students must rely on some form of MBA funding assistance including student loan, scholarship, teaching assistantship/research assistantship. The loan coupled with the interest puts you in a huge debt. A scholarship can ease your financial burden to some extent. And if you are smart enough, the college may fund you all the way through.

But you need to act fast and apply early for scholarships. Here are a few scholarships that are offered to Indian students hoping to pursue MBA.

There are full and partially funded scholarships for students and trust us, unlike the mammoth task it may seem owing to the huge number of applicants, it isn’t so. You just have to apply early in order to improve your chances.

The University of Virginia’s Darden School of Business was ranked #1 in terms of MBA education by Forbes. These scholarships are why this college must be on your list!

Scholarships offered by Darden School of Business in University of Virginia:

The University of Virginia’s Darden School of Business offers merit-based scholarships to international students, initially for a period of one year but can be renewed for the second year if one maintains to get a minimum of 3.0 GPA.

• The DARDEN JEFFERSON FELLOWSHIPS are two full cost fellowships that cover everything including full tuition, living expenses, books and research stipend. Through the Darden India Fund, the Darden Indian Alumni offers a grant to a single Indian student.
• CLASS OF 1957 CHARLES C. ABBOTT SCHOLARSHIP: This scholarship is awarded to students who bring a diversity of work experience to the classroom from non-traditional work backgrounds.
• STAMPS FAMILY CHARITABLE FOUNDATION FELLOWSHIP: Up to five full-tuition fellowships will be awarded to exceptional students who exemplify leadership, perseverance, fellowship, service and innovation and each fellowship recipient will also be awarded a $5,000 enrichment fund to support research, conference attendance or participation on global business experiences.
• FRANKLIN FAMILY FELLOWSHIP: The Fellowship is for top First Year MBA students from the Asia Pacific Region to demonstrate Darden’s commitment to international business studies.
• IRC INTERNATIONAL SCHOLARSHIP: A half-tuition merit-based scholarship for an international student.
• JAMES SU-TING AND JEANETTE WANG CHENG SCHOLARSHIP: This scholarship is used to attract the best and brightest students from East Asia to Darden by providing a half-tuition two-year scholarship to First Year MBA students who have accepted admission to Darden.

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