European Business Schools Offering GMAT-Based Scholarships

 

Below is a list of business school scholarships where a GMAT score is part of the eligibility criteria.

 

Please check the individual business school websites for up-to-date information as elements of specific schemes may have changed since this page was last updated.

 

United Kingdom & Ireland

Full-Time MBA 

Advisory Board Scholarship

Award: full tuition fee 

Eligibility: You must be a self-funded student who demonstrates exceptional academic merit and/or potential,  and financial need that shows the inability to otherwise enrol on the Full-Time MBA.

How to apply

If you submit your application for the Full-Time MBA programme in admissions rounds 1-2 and receive an offer for the programme, you will be eligible to apply for this scholarship. You will be required to complete a video assessment - details will be communicated if you receive an offer for the programme.

 

Requirements: 

  • A very strong academic background and an excellent track record of professional achievement
  • A high and well-balanced GMAT score
  • Your performance during the admissions process, where academic and professional merit will be considered
  • Your professional references
  • Your video submission

 

MSc International Management

MiM Global Leadership Scholarship

Award: Full tuition fee

Eligibility: Successful applicants will demonstrate the ability and passion to become a visionary business leader. To be considered for this scholarship, you must display leadership qualities and exceptional career potential in your application.

Requirements: 

  • A strong track record of leadership – this may include during your studies, work experience and internships, and/or within your community
  • Outstanding future leadership potential
  • The overall strength of your application and interview performance, including a good academic background, good GMAT performance, a strong CV, and a well-researched career plan
  • Your academic and/or professional references.

Candidates who submit their MSc International Management application before the deadline advertised below and are shortlisted for the programme will be invited to apply for this scholarship. Shortlisted candidates will be invited to submit a video assessment. In the three-minute video response, you will be asked to describe the time when you had the most impact as a leader.

MBA

The Cambridge Judge Dean's Scholarship for Outstanding Academic Achievement 

Award: Up to £15,000 towards the cost of the Cambridge MBA tuition fees. 

Eligibility: 

Your academic record will be particularly outstanding, and your attitude and outlook are deemed to be reflective of the values and brand of the Business School community and the Cambridge Judge Dean.

Factors we will consider in awarding the scholarship will be:

  • GMAT/GRE score
  • undergraduate academic performance.

How to apply

If you would like to be considered for the Dean’s Scholarship for Outstanding Academic Achievement, you must apply in rounds one, 2 or 3.

This scholarship has no formal assessment. If you meet the eligibility criteria and wish to be considered, then you simply need to select the scholarship on the application form. Your profile will then automatically be reviewed by the Scholarships Committee after interview. We encourage candidates to provide a supporting statement on the application form where you can highlight anything you think might be relevant to support your scholarship application.

MBA 

Bayes High Potential Award

Award: up to 30% towards the cost of tuition fees 

Eligibility: open to candidates who have clear professional merit and can demonstrate their potential to contribute to all aspects of the MBA program. 

How to apply:  When submitting your scholarship essays, please ensure that your Full-time MBA programme application is also complete including GMAT/GRE and an English language test (if required). Refer to the admissions pages to ensure there are no outstanding components to your Full-time MBA programme application.

 

Academic Distinction Scholarship 

Award: variable % towards the cost of tuition fees 

Eligibility: open to candidates who have achieve a high, well-balance GMAT score and can demonstrate outstanding academic achievement. 

 

GMAT Scholarship Program 

GMAT Score Global One Year MBA Boston - NYC Finance MBA
0-590 0 - 40% 0.40%
600-640 50% default 60% default
650-700 70% default 80% default
700+ 80% default 90% default

 

MBA 

Academic Excellence Scholarship

Award: up to £20,087.50 (50%) towards tuition fees. 

Eligibility: you have achieved outstanding academic success and achievements. You have a minimum GMAT of 700 when you submit your application.

 

Exceptional Student Scholarship

Award: £40,175 (100%) towards tuition fees 

Eligibility:

  • You demonstrate inspirational leadership qualities and potential.
  • You show both individual strengths and excellent team working ability.
  • You have already achieved a GMAT over 730 at the date of your application submission.
  • You show evidence of academic success and strong career progression.
  • You can demonstrate outstanding professional and personal achievements.
  • You have exceptional interpersonal skills.

 

France

MBA 

HEC Paris MBA Scholarship for Excellence 

Award: The amount of the scholarship varies. Applicants can receive scholarships worth up to 50% of HEC Paris MBA's tuition fees. 

Eligibility: 

All HEC Paris MBA admitted candidates can apply for this merit-based scholarship (with the exception of those candidates who are sponsored by their company or government for more than 50% of their tuition fees). Being awarded a Scholarship for Excellence does not exclude candidates from applying for other scholarships.

Selection criteria: Candidates must complete an application through our online system. The Scholarship Jury assesses the candidate’s application. The final decision is based on academic excellence, the overall strength of the application, the results of the selection interviews and the candidate’s GMAT score.

 

Master in Management 

HEC Foundation Excellence Scholarship

Award: 

Eligibility:  All candidates with a non-French diploma (Bachelor’s or Master’s Degree).

How to apply:  All candidates with a non-French diploma (Bachelor’s or Master’s Degree) admitted to our master’s programs are automatically considered for HEC Foundation Excellence scholarship. No additional document is required.  

Selection criteria: HEC Foundation Excellence Scholarships' final decision is based on academic excellence, the overall strength of the application, the results of the selection interview, and the candidate’s GMAT performance. Scholarships are deducted from tuition fees. 

 

Global MBA 

High Potential Scholarship 

This scholarship rewards a candidate who has demonstrated exception academic achievements and career advancement.

Award: Varied (the amount of the scholarship will take into account your management aptitude test (the GMAT/EA).

Eligibility:  the ability of a candidate to demonstrate success in his/her career and who shows potential to evolve rapidly in a company or public organization.

 

Master in Management 

ESSEC Academic Excellence 

Award: up to 40% of total tuition fees

Eligibility: All international candidates demonstrating high quality academic profile: outstanding GMAT score, strong motivation, etc.

How to apply: Awarded with the admission decision at each session of admission. No additional application or request. 

MBA

Excellence Scholarship

Award: up to 40%

Criteria: GMAT score of +595 (or Executive Assessment equivalent)

 

Master in Management 

EIFFEL Scholarship 

Award: financial support of more than €1,000 per month to high-calibre international candidates. EIFFEL also offers financial support of around €1,200 per month to high-achieving international candidates.

Eligibility: Any students under the age of 25 with a track record of academic excellence:

  • A GMAT score of 650 or above* 
  •  *Please note that this is not mandatory for programmes not requiring a GMAT test 
  • Acceptable English proficiency tests/certificates (TOEFL, TOEIC or IELTS)
    • TOEFL Internet-based ≥ 92
    • TOEIC ≥ 850
    • IELTS ≥ 6.5
    • Cambridge Test of English > 175
  • Excellent academic records (GPA)
  • Strong motivation and clear objectives
  • Awards, previous scholarships, achievements, etc.

MS and MSc 

Award: 5% for 595+ score or 10% for 645+ score

 

International MBA (Full-time or Part-time)

Award: 30% for 595+ score

Italy

Full - Time MBA  

Tuition Waivers 

Awards: Up to 60%

Criteria: Tuition up to 60% of the program fee, require a GMAT score of 615 (equivalent to GMAT 10th Edition score of 670), while Full Tuition Waivers require a GMAT score of 655 (GMAT 10th Edition 700).

 

Scholarship - In memory of Prof. Claudio Dematte 

Award: up to €75,000 (100% of the tuition)

Eligibility: a minimum GMAT score of 655 (GMAT 10th Edition score of 700) and meet all admissions requirements for the participation of the MBA program. 

MBA

GMAT Based Contribution 

Award: 30/50% of tuition fees. 

Criteria: 

Candidates with a GMAT Score of above 600 (or the GRE equivalent) are eligible to apply for a GMAT-/GRE-based contribution of up to 30% based on the score achieved.
Exceptional Merit applicants coming from emerging countries and holding a GMAT score of 700 or above (or GRE equivalent) at the time of the application can apply for tuition fee contributions covering up to 50% of the MBA tuition fee.

 

Specialised master's 

GMAT Based Contribution

Award: up to 30%

Criteria: candidates with a GMAT score above 590 

Spain

MSc Programs 

Esade Excellence Awards for MSc Programs

Award: Awards typically range from 10% to 50% of program tuition fees, with the average award in the last intake being 26% of tuition fees. 

Eligibility: Financial assistance is open to all applicants, and we encourage you to apply for awards when submitting your initial MSc Program application.

Evaluation for Excellence Awards occurs concurrently with the MSc admissions process, considering submitted documents such as award essays, transcripts, GMAT/GRE scores, recommendation letters, and interview reports

 

The MSc Awards for Excellence by Geographical Area 

How to apply: you should provide a maximum of two supporting documents relating to academic prizes, awards or recognition.

These Awards are granted to candidates from the following geographical areas:

  • The American Talent Award (Candidates from Latin America and North America or Canada)
  • The Asian Talent Award (Candidates from Asia-Pacific countries)
  • The European Talent Award (Candidates from any European country)
  • The Middle Eastern Talent Award (Candidates from Middle Eastern countries)
  • The African Talent Award (Candidates from African countries)

The Financial Services Award 

Esade seeks the brightest and the best candidates for the Esade Master in Finance. You should apply if you can offer academic excellence and have quantitatively high GMAT and university grades. Special consideration will be given to previous academic experience in this field.

 

 

MBA


 Full Time MBA Excellence Awards 

Award: range from 10% to 50% of program tuition fees, being the average award last intake, 21% of tuition fees. 

Eligibility: open to all applicants. If you are thinking of applying for an award we urge you to do so when you make you initial application for a place on your MBA Program.

How to apply: candidates must log into the Admissions Portal and access the Award Information section. It is important to carefully read the introductory guidance for a successful submission

MBA & Master's 

IESE Excellence Scholarship

This scholarship is awarded to the top performers in our application process and recognizes their outstanding achievements, personal merit and strong fit with IESE’s values. IESE Excellence Scholars will benefit from special engagement with senior leadership at IESE and will have the opportunity to share their ideas on developing our program for future students.

Fernando Pereira Scholarship

Open to candidates with outstanding academic records (that obtained the highest GMAT score or equivalent test) and the best academic and professional resume. Candidates must share the humanistic values of the institution, promoted by Professor Pereira: commitment to society, diversity, and social inclusion.

 

Germany

MBA

Scholarship For the Most Outstanding Candidate 

Outstanding in this case refers to several achievements, clear motivation and desirable characteristics such as an excellent educational and professional background, a high GMAT, GRE, TOEFL or IELTS score, international working experience with excellent language skills and social engagement. You should also bring something really unique to the classroom. Your performance and creativity throughout our selection process will highly contribute to the final outcome.

Distinction Scholarship

Distinction refers to several achievements, clear motivation and desirable characteristics such as an excellent educational and professional background, and a good GMAT.

Master's 

WHU Merit Scholarship 

Award: 25% of tuition fees 

Criteria the scholarship will be awarded to top qualified candidates of the Master of Science Programs with an above-average GMAT 10th Edition (min.700)/GMAT (min.655). 

How to apply: The scholarships are awarded 'first come., first served'.

 

MBA 

WHU Scholarship for Excellent GMAT result 

How to apply: To undergo our Excellent Fit Assessment, candidates must fill the "WHU Full-Time MBA Excellent
Fit Assessment" including supporting documentation of the required criteria alongside their
application documents for a seat in the program

MBA

Test score excellence 

Award:  €3,000

Eligibility: Applicants will be considered after submitting a completed application to the Full-time MBA program including official test results from either one of the tests mentioned below. Scores submitted after the application has been processed will not be considered.

The scores required are: 

  • GMAT 10th Edition: total score of 690 or higher
  • GMAT: TOTAL SCORE OF 645 or higher

 

High Achievers GMAT Scholarship 

Award: up to  €5,000

Eligibility:  Scholarship seekers should be strong candidates for ESMT's Master program and display outstanding achievement by submitting a GMAT, GMAT Focus or GRE percentile rank higher than 94%, equivalent to a GMAT 10th Edition score of at least 720 or a GMAT score of at least 675.


Criteria: Candidates should complete the scholarship essay as part of their ESMT online application explaining how they qualify for this scholarship, including a copy of their GMAT score.

Master's Scholarships 

Award: scholarships cover a partial amount of tuition. 

Frankfurt School offers scholarships to top applicants of our pre-experience master's programmes:

Criteria: includes a candidates’ academic results (grade of first degree), admission test score (e.g. GMAT), performance in the Frankfurt School selection procedure and candidates’ personal achievements and needs (extracurricular activities, social commitment, intercultural skills, international experience and, if relevant, professional experience and internships).

 

MBA Scholarships 

Award: scholarships cover a partial amount of tuition. 

Criteria: includes the candidates’ academic results, admission test/GMAT results, application quality, personal achievements and needs. This includes extracurricular activities, social commitment, intercultural skills, international experience, professional experience.

Switzerland

MBA 

Hilti Scholars Program 

Award: CHF 50K

Criteria: 

  •  Have an academic background in engineering in STEM subjects and/or passion for STEM subjects (and a conviction in the positive role STEM must play in an inclusive, prosperous, and sustainable future)
  • Demonstrate excellence in previous academic and/or professional endeavors, including GPA (or equivalent) and GMAT/GRE scores
  • Convince us of your ambition and ability to use your education to pursue a leadership role in STEM
  • Career progression and international exposure
  • Ability to contribute to the overall learning experience of your class
  • Performance during the Assessment Day

How to apply: please complete the Scholarships and Bursaries form found under the Financial Planning section of your admissions application.

CO-RO scholarship for Danish nationals 

Award: CHF 97.5K

Criteria:

  • Hold a Danish passport
  • Demonstrate excellence in previous academic and/or professional endeavors, including GPA (or equivalent) and GMAT/GRE scores
  • Convince us of your ambition and ability to use your education to pursue a leadership role
  • Career progression and international exposure
  • Ability to contribute to the overall learning experience of your class
  • Performance during the Assessment Challenge

How to apply: please register for the CO-RO Assessment Challenge for Danes.

Belgium

MBA 

Academic Scholarship

Award: range from 10% to 50% of tuition fee

Eligibility: For candidates with a strong academic record - and a GMAT score of 680+ 

Netherlands

MBA 

GMAT Scholarship

Award:  up to €12,000 for the highest scores. Ask the MBA Admissions Office for the exact breakdown.

Criteria: scores above 650

Greece

MBA and Master's 

GMAT Scholarship 

Award: 40% of total tuition fees 

Criteria: candidates who bring a GMAT score from 645 and above (candidates with a high GMAT below 645 are also eligible for smaller scholarships).