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ISB provides two types of scholarships: need-based and merit-based scholarships.
Every applicant who receives an admission offer from ISB is automatically considered for a merit-based scholarship. There are around 40 scholarships available, ranging from 5 lakhs to a full fee waiver.
The need-based ISB scholarship takes into account the entire family income as a primary criterion. Applicants need to submit additional essays and documentation to apply for these scholarships.
Apart from these, ISB admits have the option to apply for scholarships offered by alumni, corporates, or board members at ISB. There are also specific scholarships available for NRI applicants who have recently returned to India.
All ISB MBA applicants are eligible for merit-linked tuition waivers and do not need to apply separately. They must provide proof of income for themselves, parents, and working spouses (if applicable) to be eligible. While applicants can apply for multiple tuition waivers, only one will be awarded to each applicant.
Additionally, there is a new scholarship called the "Ishwar Prakash Agarwal Scholarship" available in 2024. This scholarship is for differently-abled individuals according to GOI norms or women returning to work after a sabbatical or raising a family. Applicants must submit a 300-word essay explaining why this scholarship is important to them to apply.
The following scholarships at ISB require an income declaration:
1. ISB Scholarship - ISB merit cum need-based waiver
2. External Scholarship - Bridge to India Tuition Waiver
3. ISB Scholarship - ISB - AIESEC Tuition Waiver
4. ISB Scholarship - Ramesh C. Khanna Nurture India Scholarship
5. ISB Scholarship - PGPMAX Co 2012 Scholarship
6. ISB Scholarship - AT&T Scholarship
7. ISB Scholarship - Ishwar Prakash Agarwal Scholarship
Applicants can seek assistance with ISB essays from the ISB admission consultant at Career Adhyaapak.
Recent scholarships received by ISB applicants include full 100% tuition fee waivers, diversity waivers of various amounts, and merit-based waivers.
FAQ for ISB MBA Scholarships:
1. What scholarships are available in Round 2?
- ISB offers need-based, merit-based, diversity scholarships, corporate scholarships, and alumni endowments for admits.
2. What is the range of merit-based scholarships one can expect if they apply in ISB admissions Round 2?
- Merit-based scholarships in Round 2 can range from 25% to 75% of the ISB MBA tuition fee.
3. How can I be eligible for need-based ISB scholarship?
- To qualify for the need-based ISB scholarship, the combined family income should be less than 18 lakhs (INR). Corporate scholarships and alumni endowments are also available in addition to need-based, merit-based, and diversity scholarships.
4. What is the range of merit-based scholarships available in Round 2 for ISB admissions?
- The minimum merit-based scholarship offered is 25%, while the maximum can go up to 75% of the tuition fee. For need-based scholarships, the applicant's family income should not exceed 18 lakhs (INR).
5. How can one apply for merit-based ISB MBA scholarship?
- All ISB MBA applicants are automatically considered for merit-based scholarships. The evaluation includes various factors such as GMAT/GRE scores, academic history, letters of recommendation, quality of work experience, and interview performance.
6. How do I apply for need-based ISB scholarships?
- To be considered for a need-based scholarship, applicants must select the appropriate scholarship option in the Scholarship section of the application portal and submit a separate essay.
Here are a few more important details about scholarships at ISB MBA:
1. AT&T Scholarship for ISB Applicants:
- Eligibility:
- Work experience in any of the following industries: IT/Technology/Media/Communication Industry.
- Applicants should not be directly or indirectly associated with AT&T or its affiliates.
- Application process:
- Submission of a declaration is required.
2. Bridge to India Tuition Waiver:
- Eligibility:
- Stellar academic background.
- Indian with a full-time work experience abroad for at least one year.
- Application process:
- Submit an ISB scholarship essay justifying why you deserve this scholarship (For applicants working abroad for more than 1 year and planning to return to India). (200 words max)
3. ISB - AIESEC Tuition Waiver:
- Eligibility:
- AIESEC member/alumnus with a strong academic background.
- Application process:
- Submit an ISB scholarship essay justifying why you deserve this scholarship. Also, provide your contribution to AIESEC.
4. ISB Need-Based Waiver:
- Eligibility:
- Family income, including the applicant's pre-ISB income, should be less than INR 12 lakhs.
- Application process:
- Submit proof of income for self and family.
- Submit an ISB scholarship essay justifying by stressing the need and your family's financial condition. (200 words max)
5. PGPMAX Co 2012 Scholarship:
- Eligibility:
- Applicant must have experience in the social sector and meet the income criteria similar to the ISB need-based waiver.
- Application process:
- Submit relevant proof for eligibility.
- Submit an ISB scholarship essay explaining how you plan to give back to society. (200 words max)
6. Ramesh C. Khanna Nurture India Scholarship:
- Eligibility:
- The ISB applicant should be the only earning member in the family with a family income less than INR 12 Lakhs.
- Application process:
- Submit an ISB scholarship essay justifying why you deserve this scholarship. (200 words max)
- ISB offers more than 70 scholarships, which include a mix of merit and need-based scholarships.
- Most of these scholarships require the candidate to write an essay.
- The decision on granting scholarships lies with the Admissions committee.
For further application assistance, book a free profile evaluation on our website here or reach out to us on whatsapp at +919965798987 directly.