Earning an MBA from the top 5 IIMs in India helps you to acquire sufficient management knowledge, ethics and sufficient skills to fit in with the global business community. In short, MBA degrees from IIM Ahmedabad, Bangalore, Calcutta, Lucknow and Kozhikode are one of the most satisfying courses for students as well as working professionals. However, gaining acceptance into one of the top 5 IIMs incurs quite a high cost for many MBA candidates. Taking into account the high course fees, this IIM offers scholarships for MBA studies.
If you aspire to join one of the top-ranked IIMs in India and want to advance your career but costs are prohibitive, you really need to take advantage of the scholarship. Therefore, this IIM offers you the best available scholarships and other financial aids and you can take advantage of them to fulfill the required requirements.
Why do MBA colleges offer this scholarship?
- To make it easy for eligible candidates to join the program at one of the top IIMs.
- Compete with other reputable Management Institutes to attract the best candidates.
If you are looking to pursue an MBA program from a top IIIM in India, this article might be helpful for you to have a glance at the scholarships they provide to their selected students.
Aditya Birla Grup Group Scholarships
Students from institutions like IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow and IIM Kozhikode are eligible for this scholarship. The top 20 students according to their entrance examination ranking at the time of admission can apply for the Aditya Birla Scholarship through the Dean of their respective institution.
This scholarship will cover the tuition fees of a top management program offered by IIMS. The top 20 students who are selected in the merit rankings at the time of application can submit applications for these scholarships to the dean of their respective institutes.
OP Jindal Engineering and Management Scholarship (OPJEMS)
All top IIMs will participate in the OPJEMS program for scholarships seeking to provide financial assistance to MBA/PGP students.
The top 20 students from IIIM will be selected wherein the first year students will be selected based on the entrance examination. Second, third and fourth year students are selected from their previous academic track record.
IIM Ahmedabad MBA MBA Scholarships
Special Needs Scholarships: IIM Ahmedabad special needs scholarships will be available to PG students whose gross family income is below INR 1.5 Lacs The scholarship amount is determined based on various parameters including annual family income, asset ownership and number of dependents in the family.
T. Thomas Scholarship: This scholarship is offered by Hindustan Unilever Limited in collaboration with IIM best for 2nd year management students based on their merit..
IIM Bangalore Scholarship
IIM Bangalore Financial Aid: Selected MBA students from IIM Bangalore are eligible for financial aid provided their family income is less than INR 6 Lacs. Other students with multiple financial burdens arising from sudden unforeseen circumstances are also considered.
Citi Women Leader Awards: The scholarship scheme is provided to cover the cost of the second year of tuition. Institutions screen and nominate eligible students and then the final selection is made by CitiGroup.
PGP IIM IIM Bangalore Alumni Scholarship First Batch (1976): This scholarship is designed to help female students of different abilities pursue management courses from the institute. Male students of different abilities may be considered if an eligible female student is absent. The alumni scholarship awards INR 75,000, medals and certificates to eligible students from IIM Bangalore.
IIM Lucknow Scholarship
Need-based IIML Scholarships: Any student whose family income is below INR 1.5 Lacs is eligible for the scholarship at IIM Lucknow. Eligible students are selected for the scholarship based on their merit. The need-based scholarship covers the MBA tuition fees charged by IIM Lucknow in a given year.
Industry Sponsored Scholarships: At the end of the academic year, several industry-sponsored scholarships are awarded on merit. The scholarship amount ranges from INR 6,000 to 1 Lac per year. Key benefactors include Hindustan Lever Ltd., Reckitt Benckiser, Aditya Birla, Ratan Tata, Citibank, EXIM Bank, Hughes Software Systems, Nestle India Ltd., Central Bank of India, Apeejay Trust and Bharti Foundation.
Bharti Scholarship: Bharti Enterprises offers scholarships to needy and meritorious students whose annual family income is not above NR1.08 Lacs.
IIM Calcutta Scholarships
IIM Calcutta has grown to become one of the best b-schools in Asia. Today, IIM Calcutta attracts meritorious candidates to pursue popular courses and offers a variety of scholarships and sponsored awards for meritorious first and second year students.
|Aditya Birla Group Scholarship, Tata Education Trust Scholarship, T. Thomas Scholarship, OP Jindal Engineering & Management Scholarship, NTPC Scholarship, National Means Cum Merit Scholarship, Upper Class Education Scholarship for students with disabilities and Upper Class Education for Scheduled Tribal Students
|India Carbon Scholarship, BP Poddar Scholarship, Aditya Kashyap Memorial Scholarship (for 1st rank holders), PR Karthik Scholarship, Aditya Kashyap Memorial Scholarship (to achieve highest CGPA in Compulsory & Elective Courses), TIL Scholarship
IIM Kozhikode . Scholarship
IIM Kozhikode strives to emerge as a globally reckoned B-School of higher education. Being part of the IIM family of institutions, it has earned a worldwide reputation for academic excellence in its flagship MBA/PGP program as well as its FPM, MDP and FDP programs. The top-ranked IIM institution, IIM Kozhikode also offers its students attractive financial assistance to promote higher education among them.
|1st and 2nd year students are awarded a scholarship allowance of INR 35,000. Exemption from tuition fees based on merit.
|Financial support of INR 1.2 Lacs is provided to each student in the four-year program to cover expenses.
|Students with an annual gross family income of INR 1 lakh are granted a full waiver of tuition fees. Also, students with a gross family income of up to 2 Lakhs get 75% and 25% waivers on their tuition fees.
|Financial assistance of INR 1.2 Lacs is provided to each student in the four-year program for meeting expenses.
IIM Indore Scholarship
IIM Indore is one of the best B-Schools who has been a pioneer in the field of management for many years, interacting with industry, government and PSU. Apart from offering excellent programs, IIM Indore also offers financial assistance to eligible and needy students in the form of scholarships.
|The students admitted to the postgraduate program with an annual family income below INR 9 lakhs are eligible for appropriate financial aid after a complete evaluation by the NBFA committee.
|FPM scholars from IIM Indore are awarded contingency grants and scholarships of INR 25,000 per year and INR 30,000 per month, respectively.
Generally, these scholarships from IIM Best are offered based on the candidate’s merit and performance in their entrance examinations or academic scores. However, knowing about the various scholarships offered by these top IIIMs is not enough to finance your MBA. You should increase your chances of taking advantage of one of these scholarships among thousands of applications.