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Scholarships To Study Abroad For MBA Students - Part 1

Sep 22, 2017 | 7 minutes |

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Remember all those shots of Jaggu studying in Bruges, Belgium - in the film PK? Do you also dream of travelling to Paris, New York, Melbourne, or another foreign city to continue your education? An international education is a coveted asset. It opens doors and increases the exposure a student can boast of. But not all of us are fortunate enough to have parents or relatives who are loaded. And if they are, studying abroad is still an expensive affair. Loans are an option used by many to further their educational goals. But they come with their own set of risks and drawbacks. Ergo, scholarships. If you are thinking of pursuing an MBA outside India, you can choose from a list of scholarships. Here we bring you a series of scholarships for Indian students. The Aga Khan International Scholarship The Aga Khan Foundation is a private NGO founded in 1967 by Prince Shah Al Hussaini, Aga Khan IV. One among its many initiatives is the Aga Khan International Scholarship Programme. About the Scholarship The Aga Khan Foundation offers a select number of scholarships every year to students from developing countries, including India, to finance their post-graduate studies in highly reputed universities in any country abroad. Their aim is to prepare scholars and leaders for employment, especially within the Aga Khan Development Network (AKDN). Scholarships are awarded on a 50% grant : 50% loan basis through a competitive application process once a year in June or July. The Foundation gives priority to requests for Master's level courses (MBA!) but is willing to consider applications for PhD programmes, only in the case of outstanding students who are highly recommended for doctoral studies by their professors and who need a PhD for the fulfilment of their career objectives (academic or research oriented). Return Policy: The 50% of the scholarship amount (which is given as a loan) has to be repaid within 5 years after your study period, along with an annual service charge of 5%. Eligibility Deadlines Find out more about the Foundation and the scholarship here.   British Chevening Scholarships Chevening is the UK government’s international awards scheme aimed at developing global leaders since 1983. Funded by the Foreign and Commonwealth Office (FCO) and partner organisations, Chevening offers two types of award – Chevening Scholarships and Chevening Fellowships – the recipients of which are personally selected by British embassies and high commissions throughout the world. Application: Applications for Chevening Scholarships and some Chevening Fellowships open between 7 August and 7 November 2017. You can apply here. Eligibility: Application Timeline Find out all about these scholarships here.   USA -USIEF Fulbright Nehru Fellowship The United States-India Educational Foundation, USIEF, provides exchange opportunities and scholarships to students, teachers and scholars, and for those who seek programs to enable professional growth. About the Scholarships The Fulbright Nehru Master’s Fellowships are awarded to students who plan to pursue a Master's degree in the US.   Scholarship benefits How to Apply Apply to all the USIEF fellowships online at www.usief.org.in. Important dates Find out more here.   Australia Awards Endeavour Scholarships The Australia Awards–Endeavour Scholarships and Fellowships is open to Indian students among other nationals, to undertake study, research or professional development in Australia. About the Scholarships Endeavour scholarship recipients will receive tuition fees paid up to the maximum study/research duration on a pro-rata basis. Tuition includes student services and amenities fees. Scholarship benefits Types of Awards Category: Endeavour Postgraduate Scholarship Level: Australian Masters or PhD Duration: Up to 2 yrs (Masters) Tuition (up to) $15,000 per semester Total Category Value $AUD: Up to $140,500 (Masters) Category: Endeavour Executive Fellowship Level: Professional development Duration: 1 -4 months Total Category Value $AUD: Up to $18,500 Eligibility If you’re applying for the Endeavour Postgraduate Scholarship (Masters/PhD), you must complete your bachelor’s degree before 31 December 2016. You must provide a letter of expected undergraduate completion from the institution which they are currently studying. Deadlines Applications for 2018 are closed. Applications typically open in April. Find out more here.