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MBA Scholarships in India 2024: Types, Qualifications, Alternative

MBA Scholarships in India 2024: Types, Qualifications, Alternative

Edited By Team Careers360 | Updated on Jul 19, 2024 11:08 AM IST | #CAT

MBA Scholarship in India 2024 enables MBA aspirants from lower-income families to attain quality education from the topmost Business schools in the country. Scholarships for MBA students in India are granted through various institutions including both Government and Private. Giving scholarships for MBA students in India is significant in nation-building as it bridges the gap between top-quality education and deserving candidates irrespective of their financial status.

Scholarships for MBA Students in India: Types

Based upon the requirements of candidates, scholarships for MBA students in India are provided under the following categories:

  • Merit-based scholarship for MBA students in India: Given to candidates with extraordinary academic performance at school and graduation level along with exceptional performance in MBA entrance exams.

  • Need-based scholarship for MBA students in India: Given to candidates coming from poor backgrounds.

  • Diversity and Gender-based scholarship for MBA students in India: Given to candidates coming from diverse religious and cultural backgrounds.

  • External scholarship for MBA students in India: Given to students by companies that employ MBA graduates to bring new talent into their workspace.

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Qualifications to get a scholarship for MBA students in India

A candidate must at least possess the following qualifications to be able to get an MBA scholarship:

  • A Bachelor’s degree from a recognized university or equivalent institution.

  • Excellent academic records at school and college level.

  • Letter of recommendation from institutions.

  • A justifiable reason to be granted a scholarship.

  • Exceptional performance in various MBA entrance exams such as CAT/XAT/CMAT etc.

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IIM scholarship for MBA students in India

This is a list of Indian Institute of Management (IIM) scholarships for MBA students in India along with IIM eligibility criteria.

Scholarship for MBA students in India through IIM

IIMs

Scholarship

Eligibility Criteria

IIM Ahmedabad

Fellow Programme in Management

Total Family income less than 6 lakh p.a in the previous financial year.

State

Need and merit-based. Funded by the state govt. for top students belonging to the state.

Aditya Birla Group scholarships

Merit-based scholarship. 6 students are selected.

OP Jindal Engineering and Management Scholars

Based on academic performance along with an online test and personal interview.

IIM Bangalore

T Thomas

The second-year student is shortlisted. Based on merit cum means.

Societe General Global Solution Centre India

Financially weak students. Based on the interview.

Employment in Social sector scholarship

One-third of the tuition fee will be reimbursed as a scholarship after the candidate has completed 3 years of service in the social sector.

IIM Lucknow

Bharti Scholarship

Annual income less than 1.08 lacs p.a.

IIM Calcutta

Aditya Kashyap Memorial

First Rank Holder

SC/ST scholarship

Students belonging to SC/ST. Need-based.

IIM Indore

Financial scholarship

Need-based

State scholarship

Merit based. Funded by the state govt. for top students belonging to the state.

Scholarships for MBA students in India: Other alternatives

There are also institutions other than IIMs that provide scholarships for MBA students in India. Here’s a table showcasing the various details about other scholarships for MBA students in India: Scholarship for MBA students in India

Other scholarships for MBA students in India

Eligibility Criteria

ONGC scholarship

General category students studying in the first year. Minimum 60% or equivalent CGPA in school as well as graduation. Family income less than 2 lakhs p.a. INR 48,000 will be given p.a.

IDFC First Bank MBA Scholarship

Must be enrolled in the first year. Family income less than or equal to 6 lakhs p.a. INR 1 lakh will be given p.a.

BML Munjal University MBA scholarship

Only for students applying to BML Munjal University. Variable amount based upon CAT/XAT/GMAT percentile.

Merit cum Means Scholarship for Professional and Technical Courses (Minorities).

Students belonging to minority communities. Scored at least 50% or equivalent in previous final exams. Family income must not exceed 2.5 lakhs p.a (all sources combined).

Post Graduate Scholarship for Professional Courses for SC/ST.

Students studying in the first year of the professional course at the post-graduate level. Eligible for receiving grants in aid from the University Grants Commission (UGC).

IMT EWS Scholarships

EWS students who are enrolled in any AICTE-approved two-year PGDM program.

YES Future Ready scholarship

Yes Bank provides financial assistance to 30 students (2 lakh each). Candidates are shortlisted based on academic performance. They further need to undergo an online test, submit an essay, and appear in an interview for final selection.

Merit Scholarship by Management Development Institute (MDI), Gurugram

At the end of the second year, best-performing students are awarded a merit scholarship of INR 10,000.

Frequently Asked Question (FAQs)

1. How can I get a full scholarship for an MBA in India?

Various programs offer scholarships for MBA students in India. Institutes like IIMs, Aditya Birla Group, and BML Munjal University provide scholarships to students under different eligibility criteria like academic performance and financial condition.

2. Can second-year MBA students apply for scholarships?

Yes. There are specially curated scholarships for MBA students in India who are studying in the second year of their respective courses.

3. Can I get a 100% scholarship for an MBA in IIM?

IIMs tend to provide scholarships for MBA students in India but under no circumstances do they grant a 100% scholarship.

4. Which is the best scholarship for MBA students in India?

There are many advantageous MBA scholarships. However, depending on eligibility criteria students can decide which one might prove the best for them.

5. What are the MBA scholarships available in India for Indian students?

The MBA scholarships available in India are IDFC First Bank MBA Scholarship, IIMs scholarships, YES Future Ready scholarship, Merit cum Means Scholarship for Professional and Technical Courses (Minorities) and many others.

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Questions related to CAT

Have a question related to CAT ?

Hello aspirant,
The CAT exam syllabus is not officially prescribed, but it generally includes topics from the following sections:

1. Verbal Ability and Reading Comprehension (VARC)
2. Data interpretation and logical reasoning
3. Quantitative ability

  • Arithmetic

  • Algebra

  • Geometry and Mensuration

  • Number System

  • Modern Math

It seems unlikely that you would be able to get admission in the BTech CS branch at BIT Sindri or Mesra with a CML rank of 2058 and category rank of 433.

Key points:

1. The search results indicate that a CML (Common Merit List) rank of 2058 is quite low for admission to premier engineering colleges like BIT Sindri or NIT Mesra.

2. The cutoff ranks for BTech CS branch at these institutes are usually much higher, often in the range of 1000-2000 for the general category.

3. With a category rank of 433, you may have a better chance of getting admission in the reserved category quota, but the competition is still quite high.

4. The search results do not provide specific cutoff details for BIT Sindri or NIT Mesra, but the general trend suggests your current ranks may not be sufficient for the CS branch in these institutes.

My advice would be to:

1. Check the latest cutoff ranks and admission criteria on the official websites of BIT Sindri and NIT Mesra.

2. Explore other options like state-level engineering colleges or NITs where your current ranks may have a better chance of securing admission.

3. Consider improving your performance in the next attempt of the entrance exam to increase your chances of getting into your desired BTech program.



For VARC, read daily from diverse sources (newspapers, novels, journals) to improve comprehension and vocabulary. Practice RC passages and verbal ability questions regularly. For DILR (Data Interpretation and Logical Reasoning) and QA (Quantitative Aptitude), solve previous years' papers and take mock tests to identify weak areas. Join a coaching institute or online courses for guidance and stay consistent with your study schedule. Review and analyze your performance in mocks to understand mistakes and improve. Maintain a positive mindset and stay disciplined in your preparation.

Hello aspirant,

Every year, IIMs conduct the Common Admission Test (CAT), a national MBA entrance exam, in rotation. For admission to over 1,200 institutions and premier B-schools in India, as well as PGDM, Executive MBA, PhD, and FPM programmes, the IIM CAT exam is regarded as one of the most difficult MBA entrance exams to pass. One of the best MBA schools in India, IIMs offers PGDM and MBA programmes for students who pass the CAT exam with scores in the 82nd to 99th percentiles.

For complete information you can visit our website by clicking on the link given below.

https://bschool-careers360-com.cdn.ampproject.org/v/s/bschool.careers360.com/exams/cat/amp?amp_gsa=1&amp_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=17204523672625&csi=1&referrer=https%3A%2F%2Fwww.google.com&ampshare=https%3A%2F%2Fbschool.careers360.com%2Fexams%2Fcat

Thank you

Hope this information helps you.

Hello!

The educational qualification required for CAT exam is bachelor's degree or its equivalent from a recognized university with minimum of 50% for the open category and 45% for the SC/ST/PwD category. Since you have secured more than the required percentage in your bachelor's degree, you are eligible for CAT exam.

For more information, please visit the website by clicking on the link given below:

https://bschool.careers360.com/articles/cat-eligibility-criteria

I hope you will find this information helpful. Best wishes ahead!

View All

1-radian measures 600. (True/False)

Option: 1

True


Option: 2

False


$111111^2$ = 

Option: 1

123456654321


Option: 2

123454321


Option: 3

123454321


Option: 4

12345654321


1111112 =___________ 

Option: 1

 123456654321


Option: 2

1234554321


Option: 3

123454321


Option: 4

12345654321


159702 is divisible by

Option: 1

7


Option: 2

9


Option: 3

11


Option: 4

6


1600 satellites were sent up by a country for several purposes. The purposes are classified as broadcasting (B), communication (C), surveillance (S), and others (O). A satellite can serve multiple purposes; however a satellite serving either B, or C, or S does not serve O. 

The following facts are known about the satellites: 

1. The numbers of satellites serving B, C, and S (though may be not exclusively) are in the ratio 2: 1:1. 

2. The number of satellites serving all three of B, C, and S is 100. 

3. The number of satellites exclusively serving C is the same as the number of satellites exclusively serving S. This number is 30% of the number of satellites exclusively serving B. 

4. The number of satellites serving O is the same as the number of satellites serving both C and S but not B. 

Question:

What best can be said about the number of satellites serving C? 

Option: 1

Must be between 450 and 725 

 


Option: 2

Cannot be more than 800 
 


Option: 3

Must be between 400 and 800 

 


Option: 4

Must be at least 100 


1600 satellites were sent up by a country for several purposes. The purposes are classified as broadcasting (B), communication (C), surveillance (S), and others (O). A satellite can serve multiple purposes; however a satellite serving either B, or C, or S does not serve O. 

The following facts are known about the satellites: 

1. The numbers of satellites serving B, C, and S (though may be not exclusively) are in the ratio 2: 1:1. 

2. The number of satellites serving all three of B, C, and S is 100. 

3. The number of satellites exclusively serving C is the same as the number of satellites exclusively serving S. This number is 30% of the number of satellites exclusively serving B. 

4. The number of satellites serving O is the same as the number of satellites serving both C and S but not B. 

Question:

What is the minimum possible number of satellites serving B exclusively? 

Option: 1

100


Option: 2

200


Option: 3

500


Option: 4

250


1600 satellites were sent up by a country for several purposes. The purposes are classified as broadcasting (B), communication (C), surveillance (S), and others (O). A satellite can serve multiple purposes; however a satellite serving either B, or C, or S does not serve O. 

The following facts are known about the satellites: 

1. The numbers of satellites serving B, C, and S (though may be not exclusively) are in the ratio 2: 1:1. 

2. The number of satellites serving all three of B, C, and S is 100. 

3. The number of satellites exclusively serving C is the same as the number of satellites exclusively serving S. This number is 30% of the number of satellites exclusively serving B. 

4. The number of satellites serving O is the same as the number of satellites serving both C and S but not B. 

Question:

If at least 100 of the 1600 satellites were serving O, what can be said about the number of satellites serving S? 

Option: 1

At most 475 

 


Option: 2

Exactly 475 
 


Option: 3

At least 475 

 


Option: 4

No conclusion is possible based on the given information 


1600 satellites were sent up by a country for several purposes. The purposes are classified as broadcasting (B), communication (C), surveillance (S), and others (O). A satellite can serve multiple purposes; however a satellite serving either B, or C, or S does not serve O. 

The following facts are known about the satellites: 

1. The numbers of satellites serving B, C, and S (though may be not exclusively) are in the ratio 2: 1:1. 

2. The number of satellites serving all three of B, C, and S is 100. 

3. The number of satellites exclusively serving C is the same as the number of satellites exclusively serving S. This number is 30% of the number of satellites exclusively serving B. 

4. The number of satellites serving O is the same as the number of satellites serving both C and S but not B. 

Question:

 If the number of satellites serving at least two among B, C, and S is 1200, which of the following MUST be FALSE? 

Option: 1

The number of satellites serving C cannot be uniquely determined 

 


Option: 2

The number of satellites serving B is more than 1000 
 


Option: 3

All 1600 satellites serve B or C or S 

 


Option: 4

The number of satellites serving B exclusively is exactly 250 


2839155 is divisible by

Option: 1

2


Option: 2

7


Option: 3

55


Option: 4

None of the above


'a' for which x^{2}-ax+9= 0 can be written as square of a linear factor is

Option: 1

6


Option: 2

-6,6


Option: 3

\left ( 6,\infty \right )


Option: 4

\left ( -\infty,-6 \right )


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