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    MBA Scholarships 2022

    by BML Munjal University May 10, 2022

    MBA Scholarships 2022 – An MBA or Master of Business Administration is a programme that is equally desired by not only the fresh graduates but professionals too. On one hand, while it offers a professional launch pad to the fresh graduates, it’s close to imperative for the professionals to climb up the corporate ladder faster. Though people from diverse backgrounds seek to pursue an MBA, it doesn’t become a reality for many, as the degree requires the students to dig deep into their pockets. Given that MBA is a costly affair, the various scholarships offered by the B-schools, corporates or the government come to their rescue.

    En route an MBA admission, appear myriad questions to the seekers’ minds that include – What kind of scholarships are available? Which would be the best fitting MBA scholarships in 2022 for me? Where to find top MBA scholarships in 2022? How to apply for MBA scholarships 2022? To address every such query towards top and best MBA scholarships, we have compiled the list of MBA scholarships in 2022 for your ready reference.

    Highlight – The article takes you through the MBA scholarships in 2022-2023 in India. It doesn’t cater to the MBA scholarships 2022 offered by any other country apart from India.

    Types of MBA Scholarships in India in 2022

    1. Institute Based MBA Scholarships – These types of scholarships are offered by B-schools and the likes of IIMs, XLRI, MDI, SPJIMR, TAPMI, et al.
    2. Government Sponsored Scholarships – The kind of scholarships that are offered by institutes like the IIMs, the IITs and other government funded institutes.
    3. Corporate Sponsored Scholarships – These include scholarships like OP Jindal Scholarship, Aditya Birla Scholarship for MBA, etc.
    4. Bank Sponsored MBA Scholarships – The likes of scholarships offered by PNB Housing Finance and IDFC.

    Top MBA Scholarships in 2022 – What does this article cater to?

    Through this article aspiring MBAs will get access to the names of the top MBA scholarships 2022, eligibility criteria, scholarship amount and the offering organization. As we take you through the MBA scholarships in 2022, let’s begin with the IIMs first.

    MBA Scholarships at IIM Ahmedabad

    When we discuss about the IIMs, IIM-A always stays at the helm. The scholarships offered by IIM Ahmedabad include IIMA Special Need Based Scholarships, SC/ST Scholarships, IIMA Exit Scholarships, Scholarships offered by Government of India, Scholarships offered by Alumni, Shri GC Mital Entrepreneurship Aid, Aditya Birla Group Scholarships, Dunia Scholarships for scholastic excellence, OP Jindal Engineering and Management Scholarship,  T. Thomas Scholarship, etc. Let’s know all details about MBA Scholarships at IIM Ahmedabad.

    IIM Ahmedabad MBA Scholarships 

    Scholarship NameEligibility Criteria Scholarship AmountOffered By
    IIMA Special Need Based ScholarshipsAll students admitted to PGP & PGP-FABM, whose gross annual family income is below Rs.15,00,000 during the previous financial yearNAIIM-A
    SC/ST ScholarshipsSC/ST studentsRs. 150 per month for 10 monthsIIM-A
    SC/ST Scholarships {Central Sector Scheme for Top Class Education (merit-cum means)}Meritorious SC/ST students, whose family income does not exceed Rs. 4,50,000 per annumNAGovernment of India
    Minority Welfare Scholarship (Merit-cum-Means)Students from the minority communities, whose family income does not exceed Rs.2.50 lakhs per annumNAGovernment of India
    Scholarships for Students with Disabilities {Central Sector Scheme for Top Class Education (Merit-cum-Means)}Meritorious DA/PWD students, whose family income does not exceed Rs.6,00,000 per annum.NAGovernment of India
    PGP Alumni Endowment Funds9 PGP 1 & PGP/FABM II students from economically and socially challenged backgrounds, based on their financial status.Rs. 200,000 – 300,000IIM-A Alumni
    Class of PGP 2001, Peri Viswanath ScholarshipOne student in the PGP/PGP-FABMRs.200,000 per year and the scholar will get Rs.400,000 over 2 years.IIM-A Alumni
    Shri GC Mital Entrepreneurship AidOne graduating student of PGP/PGP-FABM, who intends to start own venture, opting out of the IIMA placement process with educational loan of a minimum Rs.100,000 and those with a combined family income below Rs.800,000 per annum.Rs.200,000 (Every year)IIM-A Alumni
    Smt. J Nagamma Memorial AwardAwarded to one PGP first year student at the end of first year as a merit scholarship based on academic performanceRs.15,000IIM-A Alumni
    Aditya Birla Group ScholarshipsThree meritorious PGP I and PGP II studentsRs.175,000 per student per yearAditya Birla Group
    Dunia Scholarships for scholastic excellenceMerit scholarship (2), each to PGP-Is and PGP-IIs.Rs.100,000Dunia Finance LLC, Dubai, UAE
    OP Jindal Engineering and Management ScholarshipOne/two second year PGP students on the

    basis of academic performance, an online test and personal interview

    Rs.150,000 per student per yearOP Jindal Group
    T. Thomas ScholarshipA second year student based on merit-cum-means criteria.Rs.100,000 per yearHindustan Unilever Ltd.

    MBA Scholarships in 2022-2023 – IIM Bangalore Scholarships

    Like IIM Ahmedabad, IIM Banaglore too offers financial assistance to students so that the deserving ones are not deprived of the opportunity to pursue PGP programmes. All PGP students at the institute whose family annual income is below Rs. 8,00,000 are eligible to apply for financial aid. Check here the details of all MBA scholarships offered at IIM Bangalore.

    MBA Scholarships 2022 at IIM Bangalore

    Scholarship NameEligibility Criteria Scholarship AmountOffered By
     Aditya Birla ScholarshipPGP students of both the first and the second years, provided they belong to the top 25% of the batch in the first year.1.75 lakh per studentAditya Birla Group
     OPJEMS ScholarshipPGP students of second year (The first 10 toppers of 2nd year based on academic performance in 1st year) are eligible. However, they have to take an online test

    conducted by OP Jindal Group. 1 student of each academic year will get the scholarship.

    Rs. 1.50 lakhOP Jindal Group
    Citi Women’s Leader AwardTop 25% of the batch, shortlisted at the end of the first year. Selection is on the basis of the Statement of Purpose and subsequent interviews.Covers the second year’s tuition expensesCiti Group
    Societe Generale Global Solution Centre India ScholarshipSelection is from the neediest applicants in the first year and on the basis of subsequent interviews.Covers tuition expenses in fullSociete Generale
    Siddhartha Padam AwardPGP student who is on the Director’s Merit List and gets the highest CGPA in the Economics, Finance & Accounting core courses in the 1st year.Rs. 50,000, a medallion and a certificateNA
     IIMB PGP Alumni First Batch (1976) ScholarshipDifferently-abled female student (or a differently-abled male student, in case there is no eligible female student).Rs. 75000, a medallion and a certificateIIM-B PGP Alumni
    Runwal Education Trust ScholarshipA PGP student (On the basis of the combination of academic performance and the student’s financial need in 1st year).Rs. 100000, a medallion and a certificateRunwal Education Trust
    Hindustan Unilever / T Thomas ScholarshipOne PGP second-year studentRs 1 lakhHindustan Unilever
    Yes Bank ScholarshipStudents should be among the top 20 students as per the admission criteria, should belong to the top 20% of the batch on the basis of the current CGPA and should be members of at least one student committee.Rs. 2 lakhsYes Bank
    NTPC Scholarship SchemeStudents who belong to SC/ST/PwD should be in their second year of management studies, passed the 1st year in one attempt.Rs. 48,000 per yearNTPC
     Employment in Social Sector ScholarshipNAOne-third of the fees is reimbursed at the end of each year of work for the first three years in the social sector.NA
    Ministry of Tribal Affairs Scholarship (ST)PGP first yearCovers tuition expenses in fullMinistry of Tribal Affairs
    Ministry of Social Justice and Empowerment Scholarship (SC)Meritorious SC students PGP first yearCovers tuition expenses in fullMinistry of Social Justice and Empowerment
    Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD)A person with at least 40% disability with a disability certificate by any competent medical authority.Rs. 2,55,000 per yearMinistry of Social Justice and Empowerment

    IIM Calcutta MBA Scholarships

    Scholarship NameEligibility Criteria Scholarship AmountOffered By
    Bharati Scholarship1st term result and entry point merit listRs 50,000NA
    Nestle Scholarship For Young Business ManagersBased on managerial values, co-curricular activities, extra-curricular activities & academic consistencyRs 100,000Nestle
    Aditya Birla ScholarshipBased on academic excellence and leadership qualities throughout the tenure 1st year results and overall performance.NAAditya Birla Group
    Institute MCM ScholarshipAcademic excellence and parental incomeRs 2000 per student, per monthNA
    GE Scholarship1st year result and CAT performanceRs 2,80,000 per candidateGE

    Other Scholarships at IIM Calcutta

    Scholarship Name (First Year)
    BP Poddar Scholarship
    TT Krishnamachari Award
    India Carbon Scholarship
    BPL Prize
    Damodar Valley Corporation Award For Creditable Performance
    Aditya Kashyap Memorial Scholarship (for 1st rank holder)
    Central Bank of India Prize For Best Performance In Finance Course
    PR Karthik Scholarship
    Scholarship Name (Second Year)
    Chairman’s Prize
    Dr BC Roy Memorial Gold & Silver Medals
    John Wynne Prize
    IIM Calcutta Sponsored Scholarships
    ABC India Award
    BS Dua Memorial Prize for 2nd Rank holder
    Calcutta Port Trust India Award
    Balmer Lawrie Award
    Magunta Subbarama Reddy Award
    TIL Scholarship
    IIMC Alumni Association, Calcutta Chapter Prize
    IIMC Alumni Association, Calcutta Chapter Award for outstanding Academic Performance in PGDM
    Late Sumantra Ghoshal Award for Academic Excellence for receiving highest CGPA at the end of PGDM
    Aditya Kashyap Memorial Scholarship for highest CGPA in Compulsory & Elective Courses
    100% Grant to training institutions for skill training to handicapped persons with a stipend of Rs 2000 per person per month

    Top MBA Scholarships in 2022

    Besides the prestigious IIMs, some top private business schools and the likes of BML Munjal University also offer a wide range of MBA scholarships. We have listed here the top MBA scholarships offered by BML Munjal University along with the eligibility and scholarship amount.

    MBA Scholarships 2022 by BML Munjal University

    Scholarship NameEligibility CriteriaScholarship Amount Offered By
    MBA Merit Scholarships75 percentile and above in the CAT, or around 175 and above in NMAT10% to 50% based on the Merit List announced by the CommitteeBML Munjal University
    Dean’s Scholarship90 percentile and above in CAT/XAT or 250 and above in NMAT100% of the Tuition Fee in the first year (Maximum 2 students)
    75% of the Tuition Fee in the first year (Maximum 2 students)
    BML Munjal University
    Haryana Domicile Scholarship25% of students who are admitted under the Haryana Domicile categoryFull or partial fee concessionNA

    Other Scholarships Offered by BML Munjal University

    Ishan Uday Scholarship offered by University Grant Commission (UGC) for North Eastern Region.
    Scholarship by the Ministry of Human Resource Development (MHRD).
    Hero Group Employees Ward’s Scholarship for the wards of serving employees of the Hero Group companies.
    Sports Scholarship in recognition of talented young sportspersons for meritorious applicants.
    Early Cycle Scholarship for new applicants applying for Postgraduate courses in the early cycle of admission.
    All Central & State Government Scheme/Scholarships.
    Defence Ward’s Scholarship for the wards of serving and retired armed forces officers and other ranks

    MBA Scholarships in 2022-2023 – IIM Lucknow

    Scholarship NameEligibility Criteria Scholarship AmountOffered By
    Need-Based IIML Scholarships15% students from a batch based on their family income (less than Rs.150,000) and previous academic performance.Tuition fee if the academic year in which the scholarship is awardedIIM-L
    Industry Sponsored ScholarshipsStudents shortlisted from each year on the basis of their academic performanceFrom Rs.6,000 to Rs.100,000 p.a.NA
    Merit-cum-Means Scholarships25% of the students subject to specified normsRs.2200 per student p.a.NA
    Bharti ScholarshipStudents with annual income less than Rs1.08 lacks from both 1st and 2nd yearRs.50,000 p.a.NA
    SC/ST ScholarshipsAll SC/ST studentsRs.1500 p.a.NA
    Other ScholarshipsStudents shortlisted based on family income. Their fees and maintenance charges are taken care of by the government of the domiciled state.NANA

    IIM Indore MBA Scholarship

    Scholarship NameEligibility Criteria Scholarship AmountOffered By
    Need-Based Financial AssistanceAll students of PGP, PGP HRM (PGPH) and IPM with annual family income below Rs. 9,00,000Determined from case to case (Not fixed)IIM Indore

     

    MBA scholarships at IIM Shillong in 2022

    Scholarship NameEligibility Criteria Scholarship AmountOffered By
    Need-Based Financial AssistanceEconomically weak MBA students based on annual gross family income, participants liquidity, credit worthiness and overall suitability.Determined from case to case (Not fixed)IIM Shillong
    SC/ST ScholarshipsAll SC/ST students pursuing PG programmes.NAGovt. of India
    Merit Cum Means ScholarshipFirst and second year students of PG programmesAs per norms and conditions of GOIGovt. of India

    IIM Tiruchirapalli MBA Scholarships

    Scholarship NameEligibility Criteria Scholarship AmountOffered By
    Merit cum Means ScholarshipsStudents belonging to minority communitiesNAIIM Trichy
    SC and ST ScholarshipsSC/ST studentsNAGovt. of India
    Central Sector Scheme of Scholarship for Top Class EducationPwD studentsNAGovt. of India
    National Handicapped Finance and Development Corporation Scholarship SchemePwD/Handicapped studentsNAGovt. of India

    MBA Scholarships 2022 – IIM Kashipur

    Scholarship NameEligibility Criteria Scholarship AmountOffered By
    Need Cum Merit Based Financial Assistance23 students each from first and second year whose total annual family income does not exceed Rs. 3,00,000.Full Tuition Fees WaiverIIM Kashipur
    Central Sector Scholarship Scheme of Top Class EducationScheduled Castes StudentsNAMinistry of Social Justice and Empowerment
    Central Sector Scholarship Scheme of Top Class EducationScheduled Tribes StudentsNA Ministry of Tribal Affairs
    Merit-cum means based scholarship scheme belonging to the minority communitiesMinority community studentsNAMinistry of Minority Affairs

    MBA Scholarships in 2022-2023 at IIM Sambalpur & IIM Bodhgaya

    IIM Sambalpur offers Need Based Financial Assistance (NBFA) to the economically backward students. This assistance is given to the students in terms of tuition fee waiver, based on their family income.

    • Family Income upto 1.50 lakh – 100% tuition fee waiver
    • Family Income between 1.50-3 lakh – 75% tuition fee waiver
    • Family Income between 3-4.50 lakh – 50% tuition fee waiver

    IIM Amritsar MBA Scholarship

    Scholarship NameEligibility Criteria Scholarship AmountOffered By
    MBA Scholarship by IIM AmritsarFirst year students of MBA based on prior academic records, performance in the MBA admission process, and diversity.NAIIM Amritsar
    MBA Scholarship by IIM AmritsarSecond year students based on academic performance and conduct during the first year of MBA with Cumulative Grade Point Average (CGPA) not less than 2.96.NAIIM Amritsar

    Best MBA Scholarships – IIM Visakapatnam

    Scholarship NameEligibility Criteria Scholarship AmountOffered By
    Need Based Financial AssistanceStudents with a family annual income below Rs 6,00,000 and to those with severe financial difficulties arising from sudden unforeseen circumstances.NAIIM Visakhapatnam
    Top Class Education Scheme for SC StudentsMeritorious Scheduled Caste students from (i.e. of PGP first year).Tuition fees in fullMinistry of Social Justice and Empowerment
    National Fellowship and Scholarship for Higher Education of ST StudentsFirst year PGP (ST) studentsTuition fees in fullMinistry of Tribal Affairs
    PG Scholarship Scheme for SC/ST Students by UGC1000 SC/ST candidates to pursue postgraduate levelNAUGC

    Top MBA Scholarships in 2022 – IIM Nagpur

    Scholarship NameEligibility Criteria Scholarship AmountOffered By
    IIM Nagpur Need Cum Merit ScholarshipCandidates with family income less than Rs 5 lakhNAIIM Visakhapatnam
    IIM Nagpur Merit ScholarshipCandidates securing 95%ile or above in CATTuition fees in fullMinistry of Social Justice and Empowerment

    Other Scholarships at IIM Nagpur

    Scholarships for Top Class Education for students with disabilities
    Top Class Education Scheme for SC Students
    National Fellowship and Scholarship for Higher Education of ST Students
    Chief Minister Fellowship Yojana (CMFY) – Jharkhand
    Rajarshi Shahu Maharaj Merit Scholarship to SC students – Maharashtra

    IIM Udaipur MBA Scholarships 2022

    Central Sector Scholarship Scheme of Top Class Education for Scheduled Castes Students
    National Fellowship and Scholarship for Higher Education of ST Students
    Merit-cum means based scholarship scheme belonging to the minority communities
    Scheme of Scholarship for Top Class Education for Students with Disabilities
    Mukhya Mantri Sarvajan Uchcha Shiksha Scheme

    Frequently Asked Questions – MBA Scholarships 2022

    Q: What are the types of MBA scholarships that are generally available across all B-schools?

    Ans: The most popular MBA scholarships include the institute sponsored, govt. sponsored, alumni sponsored, fee waivers, corporate and bank sponsored.  

    Q: Is there any merit based scholarship that is offered at BML Munjal University? If yes, what would be the scholarship amount?

    Ans: Yes, BML Munjal University offers merit based scholarships to the eligible candidates. The scholarship amount ranges between 10 to 50% tuition fee based on the merit list announced by the varsity committee.

    Q: What is the eligibility criteria for the Dean’s Scholarship at BML Munjal University?

    Ans: The eligibility criteria for the Dean’s Scholarship at BML Munjal University is 90 percentile and above in CAT/XAT or 250 and above in NMAT.

    Q: Are all kind of scholarships same?

    Ans: No, all scholarships are different in nature and even the eligibility criteria are different.

    Q: I want to know the MBA scholarship amount for Aditya Birla Scholarship offered at IIM Bangalore.

    Ans: Eligible candidates will get Rs 1.75 lakh.

    Q: Is there any scholarship at BML University for Haryana Domicile students?

    Ans: Yes, there is. Haryana Domicile students will get full or partial fee concession under this category of scholarship.

    MBA Scholarships Best MBA Scholarships MBA Scholarships in India

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