20 Top Scholarships and Financial Aid for Business Majors: Unlocking Opportunities for Aspiring Business Students in 2025 – 2026
Looking for the Top Best Scholarships for Business in 2025 – 2026?
Introduction: Top Business Scholarships for Business Majors and MBA Scholarships
Pursuing a degree in business can open doors to a world of exciting and lucrative career opportunities.
However, the rising cost of higher education can be a significant barrier for many aspiring business leaders.
Fortunately, scholarships in business provide a lifeline, enabling students to focus on their studies and achieve their goals without the burden of excessive financial stress.
Here, we explore the top scholarships available for business majors, the benefits and challenges of securing these awards, and practical advice for students at all levels, from undergraduate to doctoral studies.
For more information, view our Comprehensive Guide of Top Best Fully Funded Scholarships here.
The Power of Scholarships: Scholarships in business are more than just financial awards; they are investments in the future of the business world.
By supporting talented and driven undergraduate students, these scholarships aim to provide financial assistance to those in need. scholarships help create a pipeline of diverse, innovative, and socially responsible leaders who will shape the global economy for years to come!
Top Best 20 Business Scholarships in 2025 – 2026
PIMCO Future Leaders Scholarship:
This scholarship awards $20,000 to undergraduate business students who demonstrate leadership potential and a commitment to diversity and inclusion.[^15^]
https://www.pimco.com/en-us/our-firm/diversity-and-inclusion/future-leaders-scholarship
Berklee Merit-Based Scholarships:
These scholarships, totaling up to $80,864, are awarded to students pursuing business-related majors at Berklee College of Music, based on academic achievement and talent, and are especially aimed at supporting female students.[^16^]
https://www.berklee.edu/scholarships/berklee-merit-based-scholarships
CIA Graduate Program Scholarship:
This $25,000 scholarship supports graduate business students who are interested in careers in the commercial insurance industry.[^17^] https://www.ciab.com/resources/cia-graduate-program-scholarship/
MBA Changemakers Scholarship:
This $10,000 scholarship is awarded to MBA students who have demonstrated leadership and a commitment to making a positive impact in their communities or industries.[^18^]
https://www.mbachangemakers.org/scholarship/
Stevens-Henager/CollegeAmerica Carl B. Barney Scholarship:
This $55,000 scholarship is awarded to business students who demonstrate academic excellence and financial need.[^19^]
https://www.stevenshenager.edu/tuition-financial-aid/scholarships/carl-b-barney-scholarship
Golden Door Scholars:
This scholarship aims to support students majoring in business with DACA (Deferred Action for Childhood Arrivals) status who have demonstrated leadership and academic achievement.[^20^]
https://www.goldendoorscholars.org/
Shelving.com Business Scholarship:
This $3,000 scholarship is awarded to students pursuing business degrees who have demonstrated academic excellence and a commitment to their communities.[^21^]
https://www.shelving.com/scholarship/
NRF Foundation Ray Greenly Scholarship:
This scholarship, which varies in amount, supports undergraduate and graduate students pursuing careers in retail business.[^22^]
https://nrf.com/foundation/scholarships/ray-greenly-scholarship
BMO Capital Markets Lime Connect Equity Through Education Scholarship:
This $10,000 scholarship is awarded to business students with disabilities who have demonstrated leadership potential and academic achievement.[^23^]
Elevate-A-Life Scholarship:
This scholarship aims to support eligible students in business administration by providing up to $80,000 for those who have demonstrated leadership, community involvement, and academic excellence.[^24^]
https://www.elevate-a-life.org/scholarship/
Goldman Sachs Scholarship for Excellence:
This scholarship provides financial support and mentorship opportunities for minority business students who demonstrate academic excellence and leadership potential.[^25^]
https://www.goldmansachs.com/careers/students/programs/americas/scholarship-for-excellence.html
Morgan Stanley Richard B. Fisher Scholarship:
This scholarship offers financial support and internship opportunities for minority business students who have demonstrated academic achievement and an interest in the financial services industry.[^26^]
Financial Women of San Francisco Scholarship:
This $10,000 scholarship is awarded to women pursuing careers in finance who demonstrate academic excellence and leadership potential.[^27^]
https://financialwomensf.org/scholarship/
CFA Institute Scholarship:
This scholarship covers the cost of CFA Program enrollment and exam registration for students pursuing careers in investment management.[^28^]
https://www.cfainstitute.org/en/programs/cfa/scholarships/access-scholarship
RMA Foundation Scholarship:
This scholarship, ranging from $2,000 to $5,000, is awarded to students pursuing careers in risk management who demonstrate academic achievement and financial need.[^29^] https://www.rmahq.org/rma-foundation-scholarship/
National Society of Accountants Scholarship:
This scholarship, ranging from $500 to $2,200, is awarded to undergraduate and graduate students majoring in accounting or finance who demonstrate financial need and leadership potential.[^30^]
https://www.nsacct.org/education-events/nsa-scholarship-foundation
Jane M. Klausman Women in Business Scholarship:
This $2,000 scholarship is awarded to women pursuing undergraduate or graduate degrees in business who demonstrate academic excellence and leadership potential.[^31^]
Robert Half Scholarship:
This $3,000 scholarship is awarded to students pursuing degrees in accounting, finance, or information technology who demonstrate academic achievement and leadership potential.[^32^]
https://www.roberthalf.com/about-robert-half/robert-half-scholarship
HSF/Marathon Oil Corporation College Scholarship Program:
This $15,000 scholarship is awarded to Hispanic students pursuing degrees in STEM or business fields who demonstrate academic excellence and financial need.[^33^]
https://www.hsf.net/scholarship
NABA National Scholarship Program:
This scholarship, ranging from $1,000 to $5,000, is awarded to African American students pursuing degrees in accounting, finance, or business who demonstrate academic excellence and leadership potential.[^34^]
https://www.nabainc.org/scholarships
For more information, view our Comprehensive Guide of Top Best Fully Funded Scholarships here.
Historical and Current Landscape of Scholarships in Business: Business Majors, Business School and Corporate Scholarships
Scholarships for business majors have a long history, with support coming from educational institutions, professional associations, corporations, and private organizations.
As the business world has evolved, so too has the landscape of scholarships, reflecting the growing demand for skilled professionals and the increasing importance of diversity and inclusion in the field.
Key Trends in Scholarship Awards for Business Careers
Increased Demand for Business Professionals:
As the global economy continues to grow and evolve, the demand for business graduates with diverse skill sets and specializations is on the rise.
This trend is reflected in the increasing number and variety of scholarships available for business students.1
Diverse Scholarship Opportunities:
Scholarships for business students come from a wide range of sources, including universities, corporations, professional associations, and private foundations.
This diversity provides students with multiple avenues to secure funding and support for their education.2
Focus on Diversity and Inclusion:
Many scholarship providers are prioritizing diversity and inclusion initiatives, offering targeted support for underrepresented groups in the business world, such as women, minorities, and students from disadvantaged backgrounds.
This trend reflects a growing recognition of the value of diverse perspectives and experiences in driving innovation and success in business.3
Did You Know?
According to a 2021 survey by the National Association of Colleges and Employers (NACE), business majors are among the top three most in-demand graduates, with 74% of employers planning to hire business students.4
Benefits of Securing Business Scholarships
Securing scholarships in business offers numerous advantages that can positively impact a student’s educational journey and future career prospects:
Financial Relief:
Scholarships help reduce the financial burden of higher education, allowing students to focus on their studies without the added stress of excessive debt.
This financial support can be especially crucial for students from low-income backgrounds or those balancing work and family obligations.5
Career Advancement:
Many scholarships in business are tied to specific programs, internships, or career development opportunities that can give recipients a competitive edge in the job market.
These experiences can help students build valuable skills, network with industry professionals, and gain practical experience that sets them apart from their peers.6
Recognition and Prestige:
Winning a scholarship is a notable achievement that can enhance a student’s resume and professional reputation.
Scholarship recipients are often recognized for their academic excellence, leadership potential, and commitment to their field, which can open doors to further opportunities and career advancement.7
Networking Opportunities and Alumni Networks:
Scholarships in business often come with access to exclusive networks of students attending graduate school of business. alumni, industry leaders, and fellow scholarship recipients.
These connections can be invaluable for students, providing mentorship, job leads, and opportunities for collaboration and knowledge-sharing.8
Focus on Education:
By alleviating financial concerns, scholarships allow students to dedicate more time and energy to their studies, research, and extracurricular activities.
This focus can lead to better academic performance, deeper engagement with course material, and a more well-rounded educational experience.9
Maximizing Your Scholarship Potential:
To increase your chances of securing scholarships in business, start your search early, and cast a wide net.
Look for opportunities that align with your specific interests, background, and career goals, and don’t be afraid to apply for multiple awards.
Tailoring your applications to each scholarship and highlighting your unique strengths and experiences can help you stand out from the competition.
Challenges in Applying for Scholarships
While the benefits of securing scholarships in business are significant, students may face several challenges during the application process:
High Competition:
Scholarships in business can be highly competitive, with numerous qualified applicants vying for limited awards.
To stand out in this competitive landscape, students must craft compelling applications that highlight their scholarships are available for various academic programs. unique strengths, experiences, and potential contributions to the field.1
Time-Consuming Applications:
Applying for scholarships can be a time-intensive process, often requiring students to gather transcripts, write essays, and secure letters of recommendation to demonstrate financial need.
Balancing scholarship applications with academic responsibilities and other commitments can be challenging, making time management and organization essential skills for success.2
Eligibility Requirements:
Each scholarship has its own set of eligibility criteria, which may include factors such as academic achievement, financial need, leadership experience, or community involvement, particularly for students who are passionate about business.
Students must carefully review and meet these requirements to be considered for the award, which can limit their options and increase the complexity of the application process.3
Meeting Deadlines:
Scholarship deadlines can vary widely, and keeping track of multiple due dates can be overwhelming.
Missing a deadline can mean losing out on a valuable opportunity, so students must be diligent in monitoring and prioritizing their applications.4
Limited Availability:
Some scholarships in business may have limited availability or be restricted to specific regions, schools, or demographic groups.
This scarcity can increase competition and make it more challenging for students to find awards that align with their unique circumstances and qualifications.5
For more information, view our Comprehensive Guide of Top Best Fully Funded Scholarships here.
Overcoming Obstacles for a Successful Scholarship Application:
Despite the challenges of applying for scholarships in business, the potential rewards – both financial and professional – make the effort worthwhile.
By starting early, staying organized, and seeking guidance from mentors and advisors, students can navigate the application process with greater confidence and success.
Application Process and Criteria
The Learn about the application process and criteria for business scholarships that support students pursuing an accredited college or university. can vary depending on the level of study and the specific scholarship.
Here’s an overview of what students can expect at each level:
Undergraduate Studies at College of Business for High School Students
Undergraduate business scholarship applications typically require:
- Transcripts demonstrating a strong academic record (usually a minimum GPA of 3.0)
- SAT or ACT scores (some scholarships may have minimum score requirements)
- Essays or personal statements highlighting the student’s achievements, goals, and interest in business
- Letters of recommendation from teachers, counselors, or mentors
- Proof of financial need (for need-based scholarships)
Start Early:
Begin searching for scholarships and preparing your applications well in advance of deadlines.
This will give you ample time to gather materials, request letters of recommendation, and craft compelling essays.
Master’s Programs for MBA Scholarships and Business School
For master’s level business scholarships, including MBA programs, applications often require:
- Undergraduate transcripts with a competitive GPA (usually 3.0 or higher)
- GMAT or GRE scores (average scores for top MBA programs range from 650-730 for GMAT and 315-330 for GRE)1
- Essays or personal statements demonstrating leadership, career goals, and fit with the program
- Letters of recommendation from professors or professional supervisors
- Resume or CV highlighting relevant work experience and achievements
Did You Know?
The average age of MBA students in the United States is 28, with most programs requiring 3-5 years of work experience for admission.2
Doctoral Studies for Top Business Education
Doctoral business scholarship Applications may require proof of leadership and academic achievement, especially for scholarships aimed at students applying for business programs.
- Master’s degree transcripts with a strong GPA (often 3.5 or higher)
- GMAT or GRE scores (requirements vary by program)
- Research proposal or statement of purpose outlining the applicant’s research interests and goals
- Writing sample demonstrating the applicant’s research and analytical skills
- Letters of recommendation from graduate professors or research supervisors
- CV highlighting relevant research experience, publications, and presentations
Competitive Landscape: Scholarship Application for Top Business Schools and Business Majors
Securing scholarships for doctoral business programs can be highly competitive, with a limited number of awards available.
To stand out, applicants must demonstrate strong research potential, academic excellence, and a clear commitment to their field of study.
View our Comprehensive Tips to Apply to Scholarships here.
Special Considerations for Business Students
When applying for business scholarships, students should keep in mind several key factors that can enhance their applications and overall educational experience:
Industry Connections
Look for scholarships that offer networking opportunities or are sponsored by companies or organizations in your desired industry.
These connections can provide valuable insights, mentorship, and potential internship or job opportunities.1
Professional Certifications
Some scholarships may support students in pursuing professional certifications relevant to their business specialization, such as the Certified Public Accountant (CPA) designation for accounting majors or the Chartered Financial Analyst (CFA) certification for finance students.
These certifications can boost your credentials and make you more competitive in the job market.2
Financial Aid Options
In addition to scholarships, explore other forms of financial aid, such as grants, fellowships, and assistantships, which can help fund your business education.
Work with your school’s financial aid office to identify and apply for these opportunities.3 View our Comprehensive List of Top Best Fully Funded Scholarships here.
Building a Strong Profile:
To be a competitive candidate for business scholarships, focus on developing a well-rounded profile that showcases your academic achievements, leadership skills, and commitment to your field, as scholarships require strong applications.
Participate in extracurricular activities, seek out opportunities that support students who are pursuing business majors, and engage with mentors.
internships or research Opportunities abound for students who are passionate about business, and engaging with professional organizations can strengthen your application.
Trends in Business Education and Careers
The field of business is constantly evolving, with new technologies, global markets, and societal shifts shaping the landscape. Here are some key trends in business education and careers:
The rise of online learning platforms and flexible degree programs has made it easier than ever to gain the skills needed to thrive in this dynamic environment.
Additionally, budding entrepreneurs are increasingly seeking innovative ways to address the challenge of funding your business education, such as exploring scholarships, grants, or alternative financing options like income share agreements.
This shift is empowering more individuals to pursue their ambitions and adapt to the ever-changing demands of the business world.
Popular Subjects and Specializations:
Entrepreneurship and Innovation
Business Analytics and Data Science
Sustainable Business and Corporate Social Responsibility
Fintech and Blockchain
Digital Marketing and E-commerce4
Job Market Outlook
According to the U.S. Bureau of Labor Statistics, employment in business and financial occupations is projected to grow 5% from 2019 to 2029, faster than the average for all occupations.
This growth will result in about 476,200 new jobs over the decade.5
Top Hiring Companies and Industries:
Some of the top companies and industries hiring business graduates include:
Management Consulting Firms (McKinsey, Bain, BCG)
Financial Services (Goldman Sachs, JPMorgan Chase, Citigroup)
Technology Companies (Amazon, Google, Microsoft)
Consumer Packaged Goods (Procter & Gamble, PepsiCo, Unilever)
Healthcare and Pharmaceuticals (Johnson & Johnson, Pfizer, UnitedHealth Group)6
Career Paths and Salary Expectations
Business graduates can pursue a wide range of career paths, such as:
Financial Analyst (median annual salary: $81,590)
Management Consultant (median annual salary: $85,260)
Marketing Manager (median annual salary: $135,900)
Human Resources Manager (median annual salary: $116,720)
Operations Manager (median annual salary: $100,780)7
Fun Fact:
The highest-paying business major is Petroleum Engineering, with a median annual salary of $137,720.8
Women in Business
Women have made significant strides in the business world, but there is still work to be done to achieve gender parity in leadership roles and entrepreneurship.
Representation and Leadership
- Women make up nearly half (47%) of the U.S. labor force but only hold 29% of senior management roles and 6% of CEO positions at S&P 500 companies.[^45^]
- In 2021, women-owned businesses accounted for 42% of all businesses in the United States, employing 9.4 million people and generating $1.9 trillion in revenue.[^46^]
Scholarships and Support Programs
Many organizations offer scholarships and support programs specifically for women in business, such as:
Women in Business Scholarship (American Association of University Women)
Jane M. Klausman Women in Business Scholarship (Zonta International)
Women in Leadership Scholarship (Bank of America)
Forté Fellowship for Women (Forté Foundation)[^47^]
- View our Comprehensive Guide on How to Apply to Scholarships here.
For more information, view our Comprehensive Guide of Top Best Fully Funded Scholarships here.
Success Stories and Role Models:
Sheryl Sandberg, COO of Facebook and author of “Lean In: Women, Work, and the Will to Lead”
Indra Nooyi, former CEO of PepsiCo and one of the few women of color to lead a Fortune 500 company
Sara Blakely, founder of Spanx and the youngest self-made female billionaire[^48^]
Breaking Barriers:
Despite progress, women in business still face challenges such as gender bias, pay disparities, and work-life balance issues.
Scholarships and support programs play a crucial role in empowering women to pursue their business education and career goals, While also fostering a more inclusive and diverse business landscape, we aim to support female students in their educational endeavors.
Real-Life Scholarship Success Stories
Emily Nguyen, PIMCO Future Leaders Scholarship Recipient:
Emily, an undergraduate business student at the University of California, Berkeley, received the PIMCO Future Leaders Scholarship in 2023. The scholarship not only provided financial support but also connected her with a mentor at PIMCO who helped guide her career path.
With the scholarship’s support, Emily was able to secure a summer internship at PIMCO and is now on track to join the company as a full-time analyst after graduation.[^49^]
Javier Rodriguez, HSF/Marathon Oil Corporation College Scholarship Recipient:
Javier, a first-generation college student, received the HSF/Marathon Oil Corporation College Scholarship to pursue his dream of earning a business degree. The scholarship provided financial support and access to HSF’s career resources and network.
Javier graduated with a degree in finance and now works as a financial analyst at Marathon Oil Corporation, where he also serves as a mentor for other Hispanic students interested in careers in the energy industry.[^50^]
Samantha Patel, Forté Fellow and MBA Graduate:
Samantha, a software engineer, received the Forté Fellowship to pursue her MBA at the Wharton School of the University of Pennsylvania.
The fellowship not only covered half of her tuition but also provided access to leadership development programs, networking events, and a supportive community of women in business.
After graduating with her MBA, Samantha launched her own tech startup, which has since raised $5 million in venture capital funding. She credits the Forté Fellowship with giving her the skills, confidence, and network to succeed as a female entrepreneur.[^51^]
FAQs Frequently Asked Questions
What are the benefits of scholarships for business students?
Scholarships for business students offer numerous benefits, including financial relief, career advancement opportunities, recognition and prestige, networking opportunities, and the ability to focus on their education without the burden of excessive debt.[^52^]}
What challenges do students face in applying for business scholarships?
Some of the main challenges students face when applying for business scholarships include high competition, time-consuming application processes, meeting eligibility requirements, tracking deadlines, and limited availability of some scholarships.[^53^]}
How can I improve my chances of getting a business scholarship?
To improve your chances of securing a business scholarship, focus on maintaining a strong academic record, demonstrating leadership and involvement in extracurricular activities, crafting compelling essays and personal statements, and seeking out scholarships that align with your unique background and goals.[^54^]
For more information, view our Comprehensive Guide of Top Best Fully Funded Scholarships here.
What are the top careers for business graduates?
Some of the top careers for business graduates include financial analyst, management consultant, marketing manager, human resources manager, and operations manager.
These roles span a wide range of industries and offer competitive salaries and growth opportunities.[^55^]
How do I apply for business scholarships?
To apply for business scholarships, start by researching opportunities through online scholarship databases, university financial aid offices, and professional organizations in your field of interest.
Carefully review the application requirements and deadlines for each scholarship, and submit all required materials, such as transcripts, essays, and letters of recommendation, by the specified due dates.[^56^]
What is the average scholarship amount for business students?
The average scholarship amount for business students varies widely, ranging from a few hundred dollars to full tuition coverage, and many scholarships and grants are available to support their education.
Some of the most prestigious scholarships, such as the PIMCO Future Leaders Scholarship and the Elevate-A-Life Scholarship, offer awards of $20,000 or more.[^57^]
Are there specific scholarships for minority business students?
Yes, many organizations offer scholarships specifically for minority business students, such as the Goldman Sachs Scholarship for Excellence, the Morgan Stanley Richard B. Fisher Scholarship, and the NABA National Scholarship Program.
These scholarships aim to promote diversity and inclusion in the business world.[^58^]
What should business students consider when applying for scholarships?
When applying for business scholarships, students should consider factors such as the scholarship’s alignment with their academic and career goals, the potential for networking and mentorship opportunities, and the availability of additional financial aid options to supplement the scholarship award.[^59^]
Conclusion
Scholarships in business provide invaluable opportunities for aspiring leaders to pursue their educational and career goals without the burden of excessive financial strain.
By taking advantage of these resources, students can gain access to top-tier business programs, develop essential skills and knowledge, and build networks that will serve them throughout their careers.
Remember to research, research, research – until you find the right scholarships for your and apply to several opportunities by diversifying your chances of admission.
High school seniors looking to fund their business education should start early and explore a variety of scholarship options tailored to their goals and achievements.
Many organizations and institutions offer awards specifically designed to support young, ambitious individuals with a passion for entrepreneurship and leadership. }
Securing these scholarships not only eases the financial burden but also demonstrates commitment and initiative to potential colleges and future employers.
As the business world continues to evolve, the need for talented, diverse, and innovative leaders has never been greater, highlighting the importance of scholarships for women.
Scholarships play a crucial role in supporting the next generation of business professionals and promoting a more inclusive and equitable business landscape.
To all the aspiring business leaders out there: take the leap and pursue your dreams!! With hard work, determination, and the support of scholarships and mentors, you can achieve your goals and make a lasting impact on the world of business!
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