How to finance your MBA? Can you find an MBA scholarship? Most top MBA students take students loan, use their personal saving, work as Teaching Assistant or work in campus at whatever is available, to reduce their potential debt and feel a bit less guilty about travelling abroad during breaks and partying very often.
If you’re a minority student you should consider additional resources – see my post about Forte and the Consortium for mostly African American MBA Candidates, but in general candidates with diverse background or who have been committed and involved in diversity work (whether professional or as community service).
Here’s a resource for candidates with Hispanic heritage:
The National Society of Hispanic MBAs provides financial assistance to outstanding Hispanics pursuing a Master of Business Administration (MBA).
Eligibility – Applicants Must:
» Be a United States Citizen or Legal Permanent Resident
» Be of Hispanic heritage
» Have a minimum GPA of 3.0 on a 4.0 scale (or the equivalent)
from a bachelor’s or master’s degree or have a minimum GPA of
2.75 on a 4.0 scale (or the equivalent) from a bachelor’s
degree, in combination with two years of full-time work
» Be a current NSHMBA member
» Be enrolled in an AACSB accredited graduate
business program in the United States or
Puerto Rico at the time of the award – most top MBA programs are accredited so that’s not a concern.
The deadline for the application is April 30th, 2010, so check the website to see if you are eligible.
Awards: Awards will range from $2,500 – $10,000. The awards are a combination of scholarship funds and a $250 travel reimbursements for attending the NSHMBA Annual Conference & Career Expo.
The top five (5) full-time applicants who demonstrate financial need will receive an award for $10,000. These awards consist of a $9,750 scholarship and $250 travel reimbursement.
Awards are renewable for up to one year or until a Master’s Degree is earned, whichever occurs first.
If you already got accepted into an MBA program and need help with the scholarship application, or thinking about applying to a top MBA program next year and would like a free evaluation of your profile and chances, send me your resume for a free MBA application evaluation. Coupon code SCHOLARSHIP must be included.
, check out our other great tips for business school applicants:
- NYU Stern MBA Application Essays
- Columbia Business School Application Essays
- Darden MBA Application Essays
- Duke MBA Program and application
More helpful articles about MBA Admissions:
- MBA Interview Tips: Five things you should say at your MBA interview…if you don´t want to be admitted
- GMAT Below 700 – can you still get into your dream MBA program?
- MBA Application: How to handle a gap in your employment history
- MBA Admissions: How to get into Harvard and Stanford MBA if you are not working for Google, Goldman, or the IMF