Business & MBA Scholarships Worldwide

Business and management education — particularly at the MBA level — can open doors to global leadership roles, entrepreneurship opportunities, and high-impact careers in finance, consulting, technology, and public sectors. However, the cost of business school — especially for international students — can be a major barrier. To address this challenge, many governments, universities, and international organizations offer business & MBA scholarships worldwide that cover tuition, living expenses, travel allowances, and professional development funds. These scholarships make it possible for talented students from diverse economic backgrounds to pursue world-class management education without financial stress.

Many top MBA scholarships provide significant financial support that rivals or exceeds tuition costs. For example, the Fulbright Foreign Student Program offers up to $120,000+ for MBA-equivalent study over 2 years, the Chevening Scholarships provide up to £20,000–£25,000 in living and study support for one year, and the Erasmus Mundus Joint MBA programs offer around €24,000 per year for 1–2 years. In addition, some business scholarships include professional mentorship, internship placements, networking opportunities, and career counseling — giving students advantages that extend far beyond the classroom.

Whether you aim to build a career in finance, marketing, entrepreneurship, international business, or strategic management, there are well-funded scholarships in 2026 that can help you achieve your goals. Below is a comprehensive guide to the top business & MBA scholarships worldwide, with detailed information on eligibility requirements, benefits, application processes, and deadlines — so you can plan your journey effectively and win the funding you deserve.

Scholarship Summary

1. Fulbright Foreign Student Program

Courses Offered and Their Advantages

The Fulbright Foreign Student Program supports graduate-level study, including MBA and business-related master’s programs at top U.S. universities. These programs often cover areas such as Finance, Marketing, Strategy, Operations, International Business, Organizational Leadership, and Public Policy.
Advantages:

• Study at globally recognized business schools

• Access to advanced business research facilities

• Networking with corporate leaders and scholars

Program Period – Fulbright Foreign Student Program

• 1–2 years depending on the MBA or business program

Scholarship Coverage and Benefits – Fulbright Foreign Student Program

• Full tuition coverage

• Living allowance (up to $2,000–$3,000 USD per month)

• Travel reimbursement for arrival and departure

• Health insurance

• Research and professional development funds

Eligibility Criteria – Fulbright Foreign Student Program

• International applicants with a bachelor’s degree

• Strong academic record

• Demonstrated leadership and career vision in business

How to Apply – Fulbright Foreign Student Program

• Apply through your country’s Fulbright Commission or U.S. Embassy

• Submit academic transcripts, GMAT/GRE (if required), essays, and recommendations

Website for Apply – Fulbright Foreign Student Program

👉 Official Website: https://foreign.fulbrightonline.org

2. Chevening Scholarships

Courses Offered and Their Advantages

Chevening fully supports postgraduate study in business and management fields, including MBA, International Business, Strategic Leadership, Entrepreneurship, Finance, and Marketing at UK universities.
Advantages:

• One-year accelerated business education

• Strong leadership and career development activities

• Access to global Chevening alumni network

Program Period – Chevening Scholarships

• 1 year of postgraduate business study in the UK

Scholarship Coverage and Benefits – Chevening Scholarships

• Full tuition coverage

• Monthly living allowance (UK cost-of-living supported)

• Travel costs and visa support

• Access to professional development events

Eligibility Criteria – Chevening Scholarships

• Citizens of Chevening-eligible countries

• Bachelor’s degree and 2+ years work experience

• Proven leadership potential

How to Apply – Chevening Scholarships

• Apply online via the Chevening portal

• Provide essays, references, academic transcripts

Website for Apply – Chevening Scholarships

👉 Official Website: https://www.chevening.org

3. Erasmus Mundus Joint MBA Programs

Courses Offered and Their Advantages

Erasmus Mundus offers joint or double MBA and business master’s programs delivered by consortia of European universities. Common fields include International Business, Strategic Management, Innovation & Entrepreneurship, and Global Finance.
Advantages:

• Study in multiple European countries

• Earn internationally recognized degrees

• High employer recognition

Program Period – Erasmus Mundus Joint MBA Programs

• 1–2 years

Scholarship Coverage and Benefits – Erasmus Mundus Joint MBA Programs

• Up to €24,000 per year covering tuition and living support

• Travel and relocation allowance

• Health insurance

Eligibility Criteria – Erasmus Mundus Joint MBA Programs

• Bachelor’s degree (preferably with work experience)

• Academic excellence

• Motivation for international business study

How to Apply – Erasmus Mundus Joint MBA Programs

• Apply through the Erasmus+ portal for the specific business program

• Provide academic transcripts, CV, and motivation letter

Website for Apply – Erasmus Mundus Joint MBA Programs

👉 Official Website: https://erasmus-plus.ec.europa.eu

4. Commonwealth Scholarships (Business Focus)

Courses Offered and Their Advantages

The Commonwealth Scholarships support postgraduate study in business-related fields including Business Administration, Management, Finance, Economics, and Policy Studies at reputable UK universities.
Advantages:

• Focus on development impact and global leadership

• Professional networking in Commonwealth countries

• Scholarships tailored to future business leaders

Program Period – Commonwealth Scholarships (Business Focus)

• 1–2 years

Scholarship Coverage and Benefits – Commonwealth Scholarships (Business Focus)

• Full tuition coverage

• Living stipend

• Travel expenses

• Research and thesis allowances

Eligibility Criteria – Commonwealth Scholarships (Business Focus)

• Citizens of Commonwealth developing countries

• Strong academic records

• Commitment to return and contribute to home country after studies

How to Apply – Commonwealth Scholarships (Business Focus)

• Apply via the Commonwealth Scholarship Commission portal

• Provide academic transcripts, research proposal (if required), and references

Website for Apply – Commonwealth Scholarships (Business Focus)

👉 Official Website: https://cscuk.fcdo.gov.uk

5. DAAD Scholarships for Business & Management

Courses Offered and Their Advantages

The DAAD (German Academic Exchange Service) provides scholarships for postgraduate programs in Business Administration, International Management, Finance, Marketing, and Economics at German universities.
Advantages:

• Study in Germany’s globally respected institutions

• Opportunity to collaborate with international business partners

• Research and industry exposure

Program Period – DAAD Scholarships for Business & Management

• 1–2 years depending on the program

Scholarship Coverage and Benefits – DAAD Scholarships for Business & Management

• Monthly stipend up to €1,300 EUR

• Health insurance

• Travel allowance

• Research funding support

Eligibility Criteria – DAAD Scholarships for Business & Management

• International applicants with bachelor’s degree

• Admission to a German postgraduate business program

• Competitive academic performance

How to Apply – DAAD Scholarships for Business & Management

• Apply through the DAAD scholarship portal or German university system

• Provide transcripts, CV, motivation letter

Website for Apply – DAAD Scholarships for Business & Management

👉 Official Website: https://www.daad.de

Final Thoughts

In 2026, business & MBA scholarships worldwide offer international students the chance to pursue global business education with full or substantial financial support. These programs not only cover tuition and living costs but also support professional development, leadership training, and international networking — critical elements for a successful business career.