Those interested in pursuing higher education from abroad, MBA in USA is one of the best options one can choose from. The United States of America is considered a renowned destination for study abroad and lately many Indian students have also started developing their inclination towards studying in the USA. The country is known for world class education, top universities for MBA, masters and undergraduate courses, career opportunities and lucrative job opportunities after completion of your studies.
The US offers a variety of specializations offering a diverse range of MBA courses to the students and the best part about studying MBA from the US is that you can do it at quite a minimal cost or for free. Yes, you heard it right, for free. In this article we will help you to know how to study MBA in the USA for free.
If you get lucky, you will not have to worry about your USA MBA education as you may get generous subsidies that will turn your MBA in USA almost free. These subsidies, scholarships or financial aids can cover your entire tuition cost and fee. Which is quite a major expense as far as study abroad is concerned.
Though getting access to a fully paid MBA in the USA is rare, students can actually work hard and improve their chances by doing a thorough research on funding and scholarships to study MBA in the USA. B-schools usually offer merit-based scholarships thus, submitting strong admission materials is very important. By strong admission material we mean the quality of the essays, resume, grades, interviews and test scores.
As far as scholarships for studying MBA in the USA is concerned, a high GMAT or GRE score is important. But is not the only parameter which is considered. Student’s complete application matters and it should reflect well who you are. How you can contribute to your business school while you are studying MBA in the best universities in the USA.
Strategies as how you can Study MBA in USA for Free
Scholarship-Friendly Programs
Business schools in the USA provide MBA scholarships and fellowships, thus instead of looking out for an external funding. Students should always try and get financial help from the business school first. Students should always consider those business schools which offer scholarships to a lot of them, or one must look for MBA schools. The members of The Consortium for Graduate Study in Management which is a nonprofit organization which grants full-time MBA fellowships.
Plan your Test Prep
Focusing on test prep is important as it is one major factor that leads to scholarships to study MBA in USA. A strong performance in the GMAT or GRE helps you achieve admission into a business school that offers scholarships. Jamboree helps you achieve a great score by making your test prep strong. These business school entrance exams are important. However there are business schools which don’t require these tests anymore. A good score in this can increase your scholarship potential. Jamboree helps you prepare well for these standardized tests that can actually make or break your dream. To study MBA in the USA for free.
MBA Funding for Specific Groups
There are MBA scholarships especially given to those who work in a specific industry and a few are reserved for women. Some organizations award scholarships and fellowships to students who excel in academics and other areas. The Consortium for Graduate Study in Management gives awards to MBA applicants with strong academic records. They must have a proven record of promoting inclusion in their jobs etc.
MBA applicants should research well about these special scholarships and can probably add some of these business schools in their list.
Essays to be Done Well
Polished essays can actually make a huge impact as it is one critical part of graduate candidate assessment. This is one way that boosts your chances of winning a full scholarship.
A Perfect MBA Application
You should draft your MBA application carefully, customizing it for the business school you want to apply to. Your essays should also align well with your thoughts. Along with the course and business school you are opting for. In order to get a merit-based full-tuition scholarship an MBA applicant should be outstanding. He/she should hold and submit a solid application.
Early Application Submission
All possibilities of studying MBA in USA for free lies in the fact that how strong your application is and how timely you submit the same. An early submission always gives you an edge over other candidates. It can be as long as you can maintain the quality of it.
Admission Interviews
There are scholarships which may require one or more interviews. These have a great impact in deciding your admission along with deciding on potential merit awards. Business schools admission offices usually have an applicant’s academic and work records along with other personal information. Thus it is important to add about new experiences and interests in your profile.
Studying MBA in the USA for free is of course possible, however it completely depends on you as an applicant as to how well you can put to use the above mentioned points.
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