12 Top MBA Scholarships For Minorities In The USA

Only 1.6% Fortune 500 CEOS are Black, and just 3.2% are Hispanic. Women, native Americans, the LGBTQ+ community, and people of color also remain underrepresented in the workforce, and the business school classroom.

To help ensure that the next generation of business leaders is diverse, there are a number of organizations that offer a wide variety of scholarships for minorities to study at business school.

For MBA candidates from under-represented groups, here are 12 scholarships that could help you finance your MBA studies at a US business school, available on a national and school-by-school basis.

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Black/African American MBA scholarships

1. National Black MBA Association Fellowships

Amount: $25,000 – Full tuition  

There are a wide variety of scholarships available through the National Black MBA Association (NBMBAA), offering various amounts of funding. For example, the Steven Skinner Endowed Scholarship Fund offers a $5,000 prize to one MBA student every year, while the John Deere Scholarship has $3,500 on offer to two students every year. 

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2. Consortium Fellowships

Amount: Full-tuition

Washington University’s Professor Sterling Schoen created The Consortium for Graduate Study in Management to help African American students gain the skills they need to take on roles in American corporations. Since then, the Consortium has awarded than $465 million to MBA students in America. 

Full-tuition fellowships are available to students who can demonstrate a commitment to The Consortium’s mission of helping to reduce the serious underrepresentation of African Americans, Hispanic Americans, and Native Americans in both school enrollment and the ranks of management.