A business master’s degree opens door to very lucrative career opportunities and enhances your professional skill set. Higher education costs, together with the cost of the visa for international students, can be rather hard to bear.
On the other hand, tuition fees and living expenses may turn out to be very overwhelming-especially when international students seek higher education abroad. But fortunately, there are a number of scholarships that cover all expenses with visa sponsorship to make it much easier for the future business leaders to study abroad.
Reason for a Business Master’s Degree
A Master’s in Business Administration and related fields such as Finance, Marketing, or International Business can open a lot of doors. The degree is a ticket to highly paid positions, leadership, and development of a global business perspective. Nonetheless, tuition costs related to such programs are rather expensive: annual fees in many countries range from 20,000 to 100,000 dollars, depending on the country and institution.
For international students, these costs become more paramount, and the need for financial support may be of utmost importance. However, a large number of scholarships include all tuition costs and visa sponsorship, facilitating the whole process of going to study abroad.
Top Business Master’s Degree Scholarships with Visa Sponsorship
There are various business master’s degree scholarships around the world that provide visa sponsorship. Here’s some of the top programs:
1. Fulbright Foreign Student Program (USA)
Among the most prestigious scholarships an international student can have while studying in the United States is through the Fulbright Program, which covers tuition, living expenses, and health insurance, providing visa sponsorship in the process.
- Eligible Countries: Most countries in the world.
- Fields of Study: All fields, including business and management
- Eligibility: Applicants must have a bachelor’s degree or its equivalent, a good academic record, and proficiency in English.
- Application Process: The application process is made through U.S. embassies or consulates in your home country.
2. Chevening Scholarships (UK)
Chevening Scholarship, by the UK Government, is one of the highest scholarships available for international students to attend business-related programs in the United Kingdom. This prestigious scholarship covers tuition fees, living expenses, and includes visa sponsorship.
- Eligible Countries: Over 160 countries.
- Fields of Study: Business, economics, finance, and other related fields.
- Eligibility: Applicants should have at least two years of work experience and demonstrate leadership potential.
- Application Process: Apply online through the official Chevening website.
3. DAAD Scholarships (Germany)
Germany is known for its excellent education system, and DAAD scholarships provide international students with an opportunity to study at top German universities. The scholarship covers tuition fees, living costs, and visa sponsorship.
- Eligible Countries: Worldwide.
- Fields of Study: Business administration, economics, and other business-related programs.
- Eligibility: A relevant undergraduate degree, proof of academic excellence, and proficiency in German or the English language.
- Application Procedure: Applications must be submitted online through the DAAD portal.
4. Rotary Peace Fellowship USA/International
The Rotary Peace Fellowship provides full funding to study a master’s program in business or other related areas at one of its partner universities. It includes tuition and travel cost provision, living stipends, and visa sponsorship.
- Eligible Countries: The scholarship is open to all students from all countries.
- Fields of Study: Business management, peace studies, and related fields
- Eligibility: Applicants should be having relevant work experience, commitment to peace and leadership, and academic qualifications
- Application Process: Application to be made through local Rotary club
5. The Eiffel Excellence Scholarship Program (France)
The Eiffel Scholarship Program has a policy to grant financial support to international students studying for their master’s and doctoral degrees in French institutions. It offers a stipend toward living, full tuition, and visa sponsorship.
- Eligible Countries: Mainly non-European countries.
- Fields of Study: Business, economics, finance, management.
- Eligibility: The age of the candidate should be less than 30 years; the candidate should possess a bachelor’s degree and fulfill the French language requirements for some subject courses.
- How to apply: The application is via the French Ministry for Europe and Foreign Affairs.
6. Commonwealth Scholarships (UK)
The Commonwealth Scholarships are for international students; through the award, candidates from Commonwealth nations may pursue business master’s studies in the UK. The scholarships will cover tuition fees, airfare, living expenses, and visa sponsorship.
- Eligible countries: Commonwealth Countries
- Fields of Study: Business and Management, Economics, and related fields.
- Eligibility: Applicants should hold a bachelor’s degree and fulfill the academic and professional requirements as stated in the university.
- Application Procedure: Applications should be made through the Commonwealth Scholarship Commission.
7. Australia Awards Scholarships (Australia)
Australia Awards Scholarships are available for international students studying in Australia. The award offers tuition fees, travel costs, living allowances, and visa sponsorship.
- Eligible State: Asia-Pacific and Africa
- Fields Of Study: Business administration, finance, and economics.
- Eligibility: An applicant needs to have at least two years of work experience, and the English language requirements need to be satisfied.
- Application Process: Online application through DFAT-Department of Foreign Affairs and Trade.
8. The Asian Development Bank-Japan Scholarship Program ADB-JSP
The scholarship targets graduate students from member countries of ADB pursuing business or economics-related master’s programs in targeted institutions across Asia.
- Eligible Countries: Member countries of ADB.
- Field of Study: Business administration, economics, finance, and management
- Eligibility: A bachelor’s degree, relevant professional experience, and in good health
- Application Procedure: Apply through the participating institutions
How to Apply for Business Masters Visa Sponsorship Degree Scholarships
- Research programs: Check scholarships that suit your intended field of study, and that qualify your criteria. Log onto the official web pages of the scholarship providers.
- Documentation Preparation: Almost all scholarships will require a personal statement, recommendation letters, academic transcripts, and proof of language proficiency.
- Eligibility Factors: Check whether one gets to meet the eligibility requirements. It would include academic qualification, work experience, and language requirement.
- Application Submission: Send an application for the scholarship by following the application process determined by the scholarship provider. It may also include online application facilities, document submission, and interviews.
- Prepare for Interviews: If selected for an interview, be prepared to discuss why you want to study business, your career goals, and how the scholarship will help you achieve them.
FAQs About Business Master’s Degree Scholarships with Visa Sponsorship
1. Can international students apply for business master’s scholarships with visa sponsorship?
Yes, many business master’s degree scholarships are exclusively for international students and come with visa sponsorship.
2. Are there any scholarships for students from developing countries?
Yes, a number of scholarships, such as the Commonwealth Scholarships and the Australia Awards, are for developing-country students.
3. How competitive are these scholarships?
These are competitive scholarships. To increase your chances, ensure you meet the eligibility criteria of the scholarship application and have relevant academic and professional experience.
4. Can I apply for more than one scholarship?
Yes, you can apply to more than one scholarship if their eligibility criteria do not conflict with each other.
5. What does a typical scholarship coverage for business masters usually cover?
Most scholarships cover tuition fees in full, living expenses, travel expenses, and visa-related expenses.
Conclusion
Accurately, studying for a business Master’s abroad with Scholarship and Visa Sponsorship will lower the cost of studying abroad by a significant level.
The above scholarships are very popular and accommodating for every International student who desires academic and occupational fulfillment in the world of business. Careful research, application, and eligibility could potentially make your dream study abroad possible with financial support.