Top 10 MBA Scholarships For Minorities

MBA scholarships for minorities are very important due to the increase in the pursuit of MBA programs by minority students.

This heavy pursuit is helping to diversify the world of business at the national and international levels.

Numerous independent organizations are dedicated to increasing minority representation in business leadership through programs designed to support students who are minorities pursuing their MBA. 

In this article, we have taken our time to gather some of the MBA scholarships that are available for minorities.

MBA Scholarships For Minorities

Let us take a good look at some MBA scholarships that are available for minority students;


Georgetown McDonough School of Business in collaboration with the Mexican Foundation for Education, Technology, and Science (FUNED) provides support for minority students especially Mexican citizens the financial need they need to run an MBA in Georgetown McDonough School of Business.

Mexican citizens who wish to apply for this scholarship program must have a bachelor’s degree with a minimum of 8/10 GPA and also must be in dear need of financial assistance.

This scholarship covers 40% of the entire cost of study.

Click here to apply


2. LunaCap Foundation

The LunaCap foundation was founded by Paul Capon, born Moises Luna in Guadalajara. This foundation provides MBA scholarships for Mexican and Veteran MBA candidates.

The sole aim of this program is to take the cost of the MBA out of the equation for the most deserving students and help them pursue a career in Business.

Selected applicants of this scholarship program will be awarded a scholarship grant of $10,000.

Click here to Apply.


3. Global Fellowships 

The Global Fellowship program is made available to students who are currently studying at Indiana University’s Kelley School of Business.

Applicants of this fellowship program must have a Latin American connection which is defined as Hispanic or Latin American heritage, knowledge of Spanish, or work experience with Latin American companies. 

This fellowship program awards selected applicants a sum of $30,000 annually to help assist with tuition fees.

Click here to apply


4. Association of Latino Professionals For America (ALPFA) Scholarship 

The Association of Latino Professionals For America (ALPFA) Scholarship is made available to students at Ohio State University’s Fisher College of Business who have Latino descent or heritage.

Applicants must have a GPA of 3.0. The program offers its awardees a scholarship grant ranging from $1,250 – $10,000. It will also help awardees secure roles with world-renowned companies like Goldman Sachs and PWC.

Click here to apply


5. American Indian College Fund Scholarships

The American Indian College Fund Scholarships is made available to US citizens who is a Native American and members or descendants of a recognized tribe.

The scholarship program is not only for the MBA program but is also available for other courses.

MBA students can apply for scholarship grants of up to $20,000

Read Also: MBA Scholarships For African Students


6. LatAm Ready Business Technology Scholarship

The LatAm Ready Business Technology Scholarship is made available for students who have Latino descent and are studying at Fisher College of Business.

Selected applicants will be awarded a sum of $1,000. Applicants will also be judged based on their interest in technology and computing.

Click here to apply


7. Prospanica Scholarship

The Prospanica scholarship program offers students of Hispanic or Latino descent several scholarship applications.

This scholarship program offers its awardees a total of $5,000. 

Applicants must have a minimum GPA of 3.0 or 2.75 and must also have sufficient work experience.

Click here to apply.


8. PepsiCo Cesar Chavez Latino Scholarship 

This scholarship program is available to students of Latino descent running an MBA at Arizona State University.

The PepsiCo Cesar Chavez Latino Scholarship offers its awardees a scholarship grant of $5,000. Applicants must have a GPA of 3.0.

Click here to apply


9. National Black MBA Association Fellowships

The National Black MBA Association offers various amount of scholarships to blacks.

At Ohio State University’s Fisher College of Business, the association provides its scholars with funding up to $50,000, while at Arizona State the scholarship is worth $25,000, although it also offers MBA students from other universities such as Georgetown University’s McDonough School of Business.

Click here to apply 


10. Whitney M. Young Jr. Fellowship 

The Whitney M. Young Jr. Fellowship is run by the African American MBA Association (AAMBAA) at Wharton University. 

Every year, this fellowship provides one student with a $25,000 scholarship grant. Over the years this fellowship has produced leaders and role models that moved themselves to greatness.

Click here to apply 


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