Dreaming of an MBA in the U.S. on a Budget? These Two Scholarships Can Make It Happen

United States: Pursuing an MBA in the U.S. is a dream for many Indian students, but high tuition fees often make it challenging. In 2026, over three lakh Indian students are expected to study in the U.S., many choosing courses in management or computer science. Among these, MBA programs remain one of the most popular choices.

However, the good news is that several scholarships are available to help international students manage costs. Some are awarded based on merit, while others depend on GMAT scores. The best part: these scholarships do not require repayment, making them ideal for students on a tight budget.

1. Goldman Sachs MBA Fellowship

Goldman Sachs, a leading investment bank, offers an MBA fellowship for first-year students interested in investment banking and private wealth management. Fellows receive $35,000 (approx. ₹31.45 lakh), along with a summer associate salary. Additionally, full-time hiring may follow, along with an extra $40,000 (approx. ₹35 lakh). This scholarship provides both financial support and career opportunities in the corporate sector.

2. Knight-Hennessy Scholars Program

The Knight-Hennessy Scholarship at Stanford University, California, provides full funding for a three-year MBA program. Applicants must first gain admission to Stanford Graduate School of Business and then apply separately for the Knight-Hennessy Scholarship. The scholarship covers tuition, living expenses, and other costs, making it a comprehensive financial solution for deserving students. Details are available on the university’s official website.

Takeaway: For Indian students aspiring to earn an MBA in the U.S., these scholarships can significantly reduce financial burden and turn the dream of studying abroad into reality.