10 Fully Funded MBA Scholarships You Can Apply for in 2025

Are you thinking about going to business school but worried about the cost? Don’t worry, there are many fully funded MBA scholarships that can help you achieve your dreams without the heavy price tag. Some of these scholarships are already open, while others will open next year.

This guide will walk you through what an MBA is, who it’s for, and give you details on ten amazing scholarships from around the world.

What Is an MBA and Who Is It For?

MBA stands for Master of Business Administration. It is a special degree that teaches people how to run and manage businesses. People who study for an MBA learn about things like marketing, finance, human resources, and leadership.

Who is it for?

• People who want to become managers or start their own businesses.

• Professionals who already have a job but want to move to a higher role.

• Anyone who wants to learn more about how companies work.

Most MBA programs last between 1 and 2 years. Some are full-time and others can be done part-time while you work. There are also online options for more flexibility.

Free Fully Funded MBA Scholarships for International Students 2025

1. INSEAD – PhD in Management (France)

Yes, this is not an MBA, but it’s a fully funded PhD in Management, which many people consider an advanced step after an MBA or similar studies. INSEAD is one of the world’s top business schools.

What’s Covered:

Read more: DAAD ISAP Scholarship for Students and Teachers 2025

• Full tuition

• Monthly living allowance

• Free accommodation

• Research support

• Health insurance

Why It’s Great:
If you want to become a business professor or researcher, this is perfect. INSEAD is highly respected in Europe and around the world.

Extra Tip:
You need a strong academic background and some research experience helps.

2. Rotman School of Management – University of Toronto (Canada)

Located in one of the top cities in the world, Rotman offers a 16-month MBA that includes a 4-month paid work co-op. That means you study and earn at the same time.

Scholarship Benefits:

• Application fee waivers

• Scholarships awarded automatically—no extra forms

• Many deadlines to choose from

• Encourages early application to get your student visa on time

Why It’s Great:
You get real work experience in Canada while studying. This makes your resume even stronger!

3. University of Calgary – Haskayne School of Business (Canada)

This university offers over $650,000 CAD in scholarships just for MBA students.

See also: Scholarships to Study in the United States: Everything you need to know to get one

Key Details:

• Apply by June 1st for the fall intake

• Awards are based on your grades, leadership experience, and goals

What’s Covered:

• Entrance awards

• Partial to full tuition

• Living cost support

Why It’s Great:
Calgary is a growing business city with many job opportunities, especially in energy and tech industries.

4. Carlson School of Management – University of Minnesota (USA)

If you’re looking at studying in the U.S., Carlson is a great choice. Every full-time MBA student is guaranteed at least $40,000 in scholarships.

Cool Features:

• No application fee

• GMAT/GRE waivers are available

• Flexible admission process

What’s Covered:

• Tuition fees

• Help with living expenses

Why It’s Great:
Carlson focuses on hands-on learning, so you won’t just sit in class, you’ll work on real projects for companies.

Read now; How to Get a Fully Funded Scholarship in Finland [2025]

5. Cambridge University MBA Scholarship (UK)

Want to study in one of the world’s oldest and most famous universities? This scholarship is provided by the Boustany Foundation and covers 75% of your MBA tuition, plus travel and internship costs.

Requirements:

• You must have already received an offer from Cambridge’s MBA program

• Lebanese applicants are given preference, but it’s open to everyone

What’s Covered:

• Tuition (75%)

• Travel and accommodation for your internship

Why It’s Great:
It combines education with global experience. After your studies, you also do a two-month internship with the Boustany Foundation.

6. Alberta School of Business – University of Alberta (Canada)

The University of Alberta offers more than $1 million in scholarships every year for MBA students!

Scholarship Options:

• Entrance scholarships

• Graduate job grants

• Emergency funding

• Student loans

• Paid research assistant positions

Why It’s Great:
You don’t just get financial help, you also get chances to work and earn while studying.

Check out: How to Study Abroad for Free in 2025: No Tuition, No IELTS, No Application Fees

Tip:
Apply early and mention your work or volunteer experience in your application.

7. Sobey School of Business – Saint Mary’s University (Canada)

This school offers four entrance scholarships worth $35,000 each, but they are only for Canadian citizens or permanent residents.

Requirements:

• High academic grades

• Proof of leadership through extracurricular activities, jobs, or volunteer work

What’s Covered:

• Tuition fees

• Part of your living expenses

Why It’s Great:
This school focuses a lot on leadership, so if you’ve led school clubs or done community work, you have a good chance.

8. Memorial University of Newfoundland (Canada)

Memorial University offers a range of named MBA scholarships, including:

• Adam Dinkin MBA Leadership Award

• Alvin J. Walker Scholarship

How It Works:

• No need to apply separately.

• Once you apply to the MBA program, you’re automatically considered for these scholarships.

Why It’s Great:
Easy to apply and affordable to live in Newfoundland, which helps your budget even more.

9. HEC Montréal (Canada)

HEC Montréal is a top business school that offers up to $15,000 CAD in admission scholarships for international students.

Key Features:

• Scholarships are based on your application’s strength

• No extra forms, just apply for the MBA program

What’s Covered:

• Tuition support

• Partial living expenses

Read on: Mathematics MSc Scholarship 2025

Why It’s Great:
Montreal is a bilingual city, so you’ll get to practice both English and French.

10. UBC Sauder School of Business (Canada)

UBC is one of Canada’s best universities and offers generous scholarships for both local and international students.

What It Covers:

• Full or partial tuition

• Financial aid and bursaries

• No separate application needed

Extra Bonus:
Encourages early application, which increases your chances of getting a larger scholarship.

Conclusion:

Studying for an MBA can be expensive, but with the right scholarships, you can earn your degree without breaking the bank. From Europe to North America, these schools offer amazing opportunities to study for free or at least at a very low cost.

Start by deciding where you want to study, then gather your documents early: your resume, transcripts, test scores, and recommendation letters.

Write a strong personal statement that explains why you want to study business and how you plan to use your degree to help others.

There’s no better time than now to start planning your future.

FAQs on Fully Funded MBA Scholarships

1. What is a fully funded MBA scholarship?
It’s a scholarship that covers all or most of the costs like tuition, books, living expenses, and sometimes even travel.

2. Do I need work experience to apply for an MBA scholarship?
Most MBA programs prefer applicants with 2–3 years of work experience, but it depends on the school.

3. Do I need to take the GMAT or GRE?
Some schools require it, but many now offer waivers or accept other qualifications.

4. Can international students apply for these scholarships?
Yes! Most of the scholarships listed here are open to international students.

5. When should I start applying?
Start at least 6–12 months before your program begins. Many scholarships have early deadlines.