Paying for your MBA: Latin American MBA Scholarships

We all know that an MBA program is an investment in your future. But how do you pay for it now? Fortunately, many scholarships exist for talented applicants. We combed the internet searching for scholarships that might benefit Merchant GMAT students, such as scholarships for women and Latin American MBA scholarships.

Check out the information below and click on the links for more details.

Forté Fellowships (many schools)

The Forté Fellowship program was created with the idea of increasing the number of women in MBA programs. Female students accepted into Forté Sponsor schools will be automatically considered for full or half-tuition fellowship awards. The scholarship looks for women who exhibit exemplary leadership and a commitment to women and girls through personal mentorship or community involvement. The average GMAT score of successful fellows in 2019 was 703.

Kelley Global Fellowships

The Kelley School of Business at Indiana University offers scholarships worth $60,000 for tuition and fees over the two years of the MBA program. The scholarship is targeted at students from Latin America or with a direct Latin American connection such as work experience with Latin American companies, Latin American citizenship, Hispanic ancestry, or knowledge of Spanish.

London Business School Latin America Scholarship

Latin American applicants to LBS will be automatically considered for the school’s Latin America Scholarship. The scholarship is worth up to 50% of tuition fees. If awarded the scholarship, you will be expected to help contribute to the school’s marketing efforts in Latin America. One scholarship is awarded per year.

SDA Bocconi Central and South America Scholarships

Bocconi offers partial tuition waivers to successful applicants from Central and South America. Each year they award one partial (up to 70%) tuition waiver and one partial (up to 50%) tuition waiver. To be eligible for the 70% tuition waiver you must have minimum GMAT score of 680. To apply for the scholarships, fill out the tuition waiver form on the online application portal by the deadline indicated.

Boustany Harvard MBA Scholarship

The Boustany Scholarship at Harvard Business School is awarded once every two years to a candidate with excellent academic background and considerable promise. The next scholarship will be awarded to a member of the 2019 incoming class. It can be awarded to applicants of any background, but priority is given to those of Lebanese descent. If awarded the scholarship, scholars are expected to complete a 2-month unpaid internship with the foundation. The scholarship consists of $95,000 of financial aid ($47,500 per year) and travel and accommodation expenses related to the internship.

There’s no reason to pay more than you have to for an MBA program, especially when someone out there might jump at the chance to pay for you. These are just a few of the many opportunities out there for qualified MBA applicants. It’s worth researching these schools and their scholarship programs to see if they might be right for you.

Good luck applying! If you’ve won any of these scholarships or have more scholarship opportunities to share, comment below.

If you have not read our other content on Scholarships in general then “MBA Scholarship Basics” is a great starting point and we have another article titled “Scholarships For MBA Students: School by School“.

If you need more help with the GMAT or Admissions we can help. For more information on our different GMAT products see:

• GMAT private classes – see the stories of Will, Teddy, Jessica and Nico and how they approached their GMAT journey with Merchant.
• Merchant Academy – a GMAT teaching innovation that makes taking the GMAT, like an MBA. Click to find out more about the Merchant Academy format.
• Merchant GMAT Hall of Fame – a gallery of some of our clients over the last eight years.

For admissions help see some of the client stories on our admissions page.