An MBA is one of the highest degrees in the world of business administration and management. It is a terminal and professional degree. Specific accreditation bodies like AMBA, AAC SB, and EQUIS ensure consistency and quality of education for MBA programs. An MBA Business school may offer programs well tailored to full-time, part-time, executive, and distance learning. Concentration courses in MBA programs cover various areas of business such as accounting, finance, marketing, human resources, and operations quite necessary to management strategy and analysis. In the US, the top accredited MBA schools according to Forbes are:
- Harvard Business School
- Wharton Business School
- Stanford Graduate School Of Business
- Kellogg School Of Management
- MIT Sloan School Of Management
- Columbia Business School
- New York University Stern School Of Business
- Berkeley Haas School Of Business
- Yale School Of Management
- Dartmouth Tuck Business School
How do you apply to these schools as a Nigerian student? Well, you must have the following entry requirements:
- Bachelor’s degree or equivalent in from an internationally recognized institution.
- Letters of recommendation from upstanding individuals i.e. university professor, current employer
- University transcripts
- Two years relevant work experience
- Research and personal statement essay
- Good scores from standardized examinations such as the GRE, GMAT
- English proficiency tests like IELTS, TOEFL iBT, Pearson (PTE)
- Curriculum Vitae or Resume
- Professional certifications
- Leadership and volunteering skills (optional)
- Achievements, recognition and publications
Most US institutions hold application acceptance usually during September, January, March and April, while some others offer on an ongoing basis. You might need to pay an application fee and student database tracking system fee though depending on the school.
A US business school education is pristine on any resume and bound to get you that awesome career move you’ve been craving. But it is also expensive though tuition fees vary among institutions, this is where scholarships for international students come in. It is a unique way of relieving students of difficult educational financial burdens. Scholarship applications are virtually similar to school applications, you’ll need all the above mentioned documents and a workable timeline to fulfill all requirements, so ensure you start early. I have listed some great business school scholarships below to keep you informed about your options.
7UP Harvard Business School Scholarship
Seven Up Bottling Company Plc of Nigeria created this scholarship award in 2010 to commemorate its 50th anniversary, it is granted to one exceptional student per year. This prestigious scholarship grant covers tuition, board and travel expenses for the full duration (2 years) of the MBA program, the total value of this scholarship is $100,000. Note that you must have gained admission into the Harvard Business School to be considered.
For further information and specific requirements of this scholarship, please send email with a copy of your admissions letter to email@example.com. Company will contact you with next steps.
This is the most popular government-funded US scholarships for international students, Fulbright offers scholarships for graduate students, young professionals, artists and all fields except medicine to study in the US for one year or more.
MasterCard Foundation offers scholarships for African students in Bachelors/Masters/PhD degree levels to study in the US and Africa. Its application deadline is between January – July.
AAUW offers scholarship grants to women in Masters or First Professional/PhD/Postdoctoral levels to study in the US. Its deadline is July – December annually.
The Boustany Foundation in the USA provides scholarships to eligible candidates who possess excellent academic background and show considerable promise. Scholarships are available for pursuing MBA program at Harvard Business School and it offers financial aid amounting to $90,000 once every two years towards tuition fees; Travel and accommodation expenses. The application deadline is 31st May 2017.
Wharton Business School provides “merit-based” MBA Fellowships available to all admitted candidates for their MBA programs. These fellowships target students of all backgrounds and may cover tuition fees in the amount of $20,000 up to full tuition plus living expenses.
Stanford Business School grants “need-based” MBA Fellowships worth about $10,000 to full tuition including living stipend to all admitted candidates who can demonstrate financial need based on factors such as your assets and income.
The Forté Fellows Program offers fellowships to women pursuing a full-time, part-time or executive MBA education at selected business schools worldwide. Students of all nationalities are eligible for consideration and its value varies in the range of $15,000 or more.
The New York University Stern, USA offers eligible students (domestic and international) merit-based scholarships to those pursuing full-time MBA program at its campus. The grants range from partial tuition to full tuition fees. The application deadlines ranges from January 15, 2016 to March 15, 2016.
The Willamette University, USA offers eligible applicants with outstanding performance in GMAT, admission interviews, etc who are admitted to the Willamette Early Career and Career Change MBA program scholarship opportunities such as the Atkinson School Global Diversity Scholarship of $5,000 and the Atkinson School merit-based scholarship of $16,000. Application deadline is May 1.
There are a plethora of scholarships available to Nigerian MBA students, so be sure to apply alongside when applying to schools. Cheers!