#CareerBytes: MBA scholarships offered by top B-schools in India
Management education in India has transformed hugely in recent years, but MBA and other management programmes have become expensive. However, many top business schools offer a number of scholarships to help students overcome financial struggles and ensure that lack of funds don't get in the way of quality management education. Here are 5 top B-schools, including IIMs, and a list of scholarships they provide.
IIM Ahmedabad provides various scholarships to its students on the basis of merit, family income, community etc. Under IIMA Special Need-based Scholarship, fee waivers are offered to students from economically weaker sections; amount depends on family income. Apart from SC/ST Scholarships and the government's Merit-cum-Means Scholarships, it offers several merit-based schemes, including Aditya Birla Group Scholarship under which 6 students receive Rs. 1.75L/annum each.
IIM Bangalore also provides many scholarships, including Aditya Birla Group Scholarship under which students shortlisted based on their merit receive Rs. 1.75L/annum each. Societe Generale Global Solution Centre India Scholarship offers full tuition-fee waiver to students in need who are nominated by the institute and shortlisted after interviews. IIMB also provides Rajesh Kaushik Memorial Scholarship, a merit-based scheme that offers Rs. 1.5L/annum to students.
IIMB also offers Cognizant Technology Solutions - B'izard Scholar scheme under which three candidates are shortlisted based on their academic excellence among other criteria. The scholarship amount is Rs. 3L for the winner; the first and second runners-up receive Rs. 2L and Rs. 1L, respectively.
IIM Lucknow provides Need-Based IIML Scholarship for students with less than Rs. 1.5L family income. Industry Sponsored Scholarships awards Rs. 6,000-1,00,000/annum to students based on academic performance while Bharti Scholarship offers Rs. 50,000/annum to students with family income below Rs. 1.08L. The Center's Merit-cum-Means Scholarship (Rs. 2,200/annum per student) and SC/ST Scholarship (Rs. 1,500/annum per student) are among the various scholarships offered by IIML.
Indian School of Business (ISB), Hyderabad provides various merit-based scholarships along with its corporate partners. Citigroup scholarship offers $12,500 to 4-6 students. Novartis and Nurture India provide Rs. 4L scholarship each to students on merit and need basis. Under Manhattan Review Scholarship, 5 students, based on academic excellence, are awarded Rs. 1L. Ten international students are awarded Rs. 3,00,000-15,00,000 each under ISB@10 Global Scholarship.
Amity Business School, Noida is one of the top private management institutes in the country. It offers two types of scholarships: 100% Scholarship and 50% Scholarship. For 100% Scholarship, students must have 93% minimum aggregate in Class-12 of CBSE/ICSE and at least 80% in graduation to be eligible. For 50% Scholarship, candidates with 88% minimum aggregate in Class-12 and 75% in graduation are eligible.
