MBA Scholarships and Tuition Funding for Veterans
MBA Scholarships and Tuition Funding for Veterans
Pursuing an MBA after the military is a natural option for veterans. Veterans have experience in leading teams, managing risk, and problem solving in complex environments. Pairing these skills with a high-powered degree like an MBA can provide veterans with a bright career trajectory after they leave the military.
But MBAs are notoriously expensive. The average MBA candidate can expect to shell out over $200k for an MBA from a top program. Even with the GI Bill and a match from the school via the Yellow Ribbon Program, veterans attending top business schools can still have a significant deficit in funding.
List of MBA Scholarships for Veterans
There are many scholarships specifically for veterans interested in pursuing their MBA which can help greatly offset the costs of attendance or even negate them completely.
Going to get your MBA can be a great choice. There are many amazing MBA programs out there. As you are looking at where you want to go to school, you may be wondering how you can pay for your college experiences. Here is a list of scholarships for those going for their MBA, as well as some school-specific scholarship options.
Mary Elizabeth Lockwood Beneventi MBA Scholarship
One recipient, $2,000
Details: This scholarship is for a $2,000 scholarship for a student attending graduate school full-time at an accredited college or university and majoring in business administration.
Deadline: February
Website for more information and to apply for this scholarship: link
Find MBA scholarships and more for military and veterans
Foster G. McGaw Graduate Student Scholarship
Multiple recipients, $5,000
The Details: This scholarship is from the Foundation of the American College of Healthcare Executives that was established in honor of Foster G. McGaw, who was the founder of the American Hospital Supply Corporation. The scholarship is to help offset tuition costs, student loans, and expenses. Students need to be in a full-time healthcare management graduate program, getting an MHA, MPH, or MBA in Healthcare Administration. Students must also be entering their final year. Preference is given to applicants who are student associates of ACHE and is based on financial need.
The Deadline: March
Website for more information and to apply for this scholarship: link
Minorities in Government Finance Scholarships
One recipient, $10,000
The Details: This scholarship is from GFOAs executive board for full-time or part-time graduate or upper-level undergraduate students. They will need to be studying public administration, governmental accounting, finance, political science, economics, or business administration.
The Deadline: January
Website for more information and to apply for this scholarship: link
Ritchie-Jennings Memorial Scholarship Program
Multiple recipients, $1,000-$10,000
The Details: This scholarship is from the ACFE Foundation, which supports the education of students who have an interest in pursuing a career in fraud examination. Awards will be in the amount of $1,000 to $10,000. Scholarships include a one-year ACFE student associate membership. Students must be currently enrolled in an accredited four-year college or university with a declared major or minor in accounting, business administration, finance, criminal justice and demonstrate a desire to pursue a career in fraud examination or a similar anti-fraud profession. This includes graduate students.
The Deadline: February
Website for more information and to apply for this scholarship: link
Golden Key Graduate Scholar Award
Multiple recipients, $2,500
The Details: This award is for full and part-time students in a post-baccalaureate program of study. The award is also open to full and part-time students who are enrolled in a post-baccalaureate program, immediately following the granting of the award or a full or part-time student in their senior or final year of an undergraduate program.
Students will also need to be a member of the Gold Key. Membership is by invitation only and applies to the top 15% of college and university sophomores, juniors, seniors, and top-performing graduate students in all fields of study.
The Deadline: December
Website for more information and to apply for this scholarship: link
Susan R. Meisinger Fellowship for Master’s Degree Students
Multiple recipients, $10,000
The Details: This scholarship is through the SHRM Foundation. It is for prospective or current master’s students who are interested in contributing to the HR management field. Students will need to be an SHRM member or an individual who holds a current SHRM certification at the time of application. There are work experience minimums and students must be accepted or enrolled in a degree-seeking master’s program at an accredited university. The degree programs should be HR-related, including getting an MBA.
The Deadline: March
Website for more information and to apply for this scholarship: link
Make sure to check out our scholarship section on CollegeRecon for more major-specific scholarships or scholarships for veterans, military spouses, and gold star families.
School-Specific MBA Scholarships for Veterans
Vanderbilt University: Bass Military Scholars
This program provides eligible veterans at the Owen Graduate School of Management with $25,000 per year for the cost of attendance. Additionally, those who are selected for the scholarship will get the opportunity to share their military experiences in campus-wide events.
The intent of these activities is to foster greater understanding between civilians and those with military experience on the Vanderbilt Campus.
These scholarships are not just offered to those pursuing their MBA, but also to veterans at the law, medical, nursing, and education schools.
Find GI Bill Approved Schools with MBA Programs
New York University- Fertitta Veterans Program
Through a generous $15 million endowment from a pair of brothers, NYU funds the Fertitta Veterans Program. This program is meant to reduce the cost of tuition down to a rate which will then be covered by the GI Bill and Yellow Ribbon Program.
For eligible veterans, this can provide them with a top-ranked MBA at little to no cost. Veterans in the state of New York are also eligible for additional funds through the state.
Beyond the money, the program also provides unique networking and career development opportunities for veterans in the program. This assistance, paired with the funding of the MBA, makes the Fertitta Veterans Program an extremely attractive option for veterans interested in pursuing an MBA.
University of Chicago
The University of Chicago Booth School of Business is routinely one of the top-ranked business schools in the country. Two successful alumni of the school generously provided $10 million endowments specifically for military veterans.
These endowments are used by the school to help offset the costs veterans may have after the GI Bill and the $30,000 match the school provides through the Yellow Ribbon Program.
Katz Military Scholarship- University of Pittsburgh
Veterans who are admitted to the full-time MBA program at the Katz School of Business are automatically considered for the Katz Military Scholarship. Additionally, the school offers a number of other scholarships specifically for veterans, which you can find here.
University of Pittsburgh Profile
University of Virginia
The University of Virginia Darden School of Business is both a top MBA program and a great place for veterans.
As a public school, they offer great value to veterans looking to maximize their GI Bill benefits while earning their MBA. Beyond the GI Bill and Yellow Ribbon Program, the school has a number of veteran-specific scholarship opportunities to help fund your education.
University of Virginia Profile
Cornell University
Through the Johnson Veterans Scholarship and Peter and the Stephanie Nolan Veterans Scholarship, veterans who are accepted to the Johnson School of Management can access additional money to offset the cost of their MBA.
Along with these scholarships, veterans at Johnson can access a number of veteran-specific scholarships from the state of New York.
London Business School
US veterans may not think of using their GI Bill at international schools, but they absolutely can.
The London Business School offers veterans the unique opportunity to take their international experiences and apply them while earning an MBA from a world-renowned business school with other candidates from across the globe.
Their program offers five scholarships every year for all military applicants, each worth up to $36k, regardless of which country they served.
Find MBA Scholarships and more for military and veterans
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About the author
Julie Provost is a freelance writer, blogger, and owner of Soldier's Wife, Crazy Life, a support blog for military spouses. She lives in Tennessee with her National Guard husband and three boys.