WITH MBA programmes getting more expensive each year, students look for more ways to get funding for their studies. From an average of 2-3 lakhs a few years ago, the cost has shot up to an average of 5-6 lakhs and in good schools the cost is over 10 lakhs at least for a two-year programme. So to ensure that deserving students are not left out due to high fees quite a few institutes and trusts offer support through merit-cum-need scholarships, bursaries, topper discounts and complete fee waivers. Here is a compilation of scholarships offered by select B-Schools ranked by Careers360. Amity Business School
Indus Business Academy, Bangalore
Rs. 40,000: 90 percentile or above in CAT 2011/XAT 2012 OR 99 percentile or above in MAT (Sept 2011, Dec 2011, Feb, 2012, May, 2012)/ATMA 2012/CMAT 2012/State Govt. Tests 2012Rs. 30,000: 80 percentile or above in CAT 2011/XAT 2012 or 96 percentile or above MAT (Sept 2011, Dec 2011, Feb, 2012, May, 2012)/ ATMA 2012/CMAT 2012/State Govt. Tests 2012 In case a student is eligible for both the above mentioned criteria, they can choose the best option.Indian Institute of Management Ahmedabad Need-based scholarships are on offer for economically weak students who wish to pursue the PGP and PGP-ABM from the institute. The scholarship amount is decided on the basis of annual gross family income and some more factors. Apart from income-linked tuition fee waiver scholarships, the institute also offers the following schemes:
Source: www.iimahd.ernet.in/users Indian Institute of Management, Bangalore
Source: www.iimb.ernet.inIndian Institute of Management Lucknow
Candidates are also eligible for scholarships, from their respective State governments, covering the non-refundable components of the fees and maintenance charges, bsed on family income. Institute of Productivity & Management The institute offers 30% Scholarship to students who secured First Division throughout their career. And 30 percent scholarship to international-level sports persons.Institute of Rural Management, Anand
Instt. for Financial Management & Research, Chennai
Indian School of Business, Hyderabad This year, the ISB will award scholarships of either INR 500,000 or INR 1,000,000 to 110 deserving candidates. ISB awards both need and merit based scholarships, every year, in the form of fee remission, to outstanding candidates. They scholarships vary in amounts and include some full scholarships. The ISB also partners with several corporates to provide scholarships during the course of the academic year. Citibank, HSBC and Novartis Group offer scholarships up to INR 600,000. Below is a summary of the company and external scholarships that are available to students.
Jaipuria Institute of Management, Lucknow The institute awards scholarships based on a student’s performance in CAT/MAT/XAT and in the selection process comprising group discussions and personal interview for first year. In the second year, scholarships would be available to the first three rank holders.Lovely Professional University, Phagwara The institute awards scholarships based on the candidate’s performance in Sports, Cultural, Co-curricular and National Bravery Awards. Financial Aid is also granted on the basis of LPU-TFA (LPU-Test for Financial Aid). Several scholarships are awarded based on the candidate’s performance in entrance test. The details are as follows:
Management Development Institute, Gurgaon
National Institute of Engineering, Mumbai
NMIMS School of Business Management The institute awards need-based scholarship to the students of Social Entrepreneurship Programmes. Need-based scholarships are offered by Shroff Family Charitable Trust.SRM School of Management
SSN School of Management & Computer Applications, Kalavakkam The institute awards over 400 scholarships every year to meritorious and deserving students.
Skyline Business School The institute offers merit-based Scholarships for MBA admissions. A candidate is eligible to apply for any one of the following scholarship:
50% of Scholarships amount will be adjusted on last fee instalment payable during first year. The scholarships will be continued in second year provided the student clears all first year examinations and maintains minimum 80% attendance.T.A. Pai Management Institute, Manipal The Institute offers a scholarship of Rs. 1 lakh to three students in the first year and three in the second year. Candidates joining PGDM after securing 99 percentile or above in CAT would be eligible for special scholarships. Industry-sponsored scholarships are also available. A few scholarships, which cover part of the tuition fee, awarded on the basis of merit are available for self-sponsored candidates in the eGPX programme.Tata Institute of Social Sciences, Mumbai
Welingkar Institute of Management Development & Research, Mumbai Welingkar rewards the topper in selection process with a 100% tuition waiver.The second ranker receives a free laptop. The third ranker has foreign internship sponsored.
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