Scholarships and awards make your Global Online MBA more affordable by lowering the tuition you need to pay. With options to fit all profiles, we encourage outstanding MBA candidates to apply.
There are two types of tuition reduction you may receive: awards and scholarships.
Awards
Awards are automatically granted if you meet the criteria. You do not have to submit an essay to receive an award, but you may be required to provide proof of test scores. You can be awarded more than one and they can be combined with a scholarship.
Scholarships
Scholarships are applied for as part of your application to the program. Each scholarship has a specific question you need to answer in the application form. Scholarships are awarded on merit and only self-funded MBA candidates are eligible.
We recommend applying for scholarships early as they are limited. Scholarships and awards can be combined and apply solely to tuition fees.
Important notes: You will receive all awards for which you meet the criteria. Except for the early application awards, awards and scholarships can be combined with all payment plans. Note that scholarships and/or awards reduce the total tuition; your selected payment plan will then be applied to the remaining balance.
Global Online MBA automatic awards
You will automatically be granted an award if you meet the criteria. You can receive more than one award and they can be combined with scholarships.
You are also welcome to pay in full. Payment in full grants you an automatic 15% discount and can be combined with all awards and scholarships, except the early application awards.
Awards
Test score excellence award
An excellent test score will qualify you for a €1,000 award that celebrates your success.
Depending on the test you take, the scores required are:
- ESMT Admission Test score of 16 or higher
- GMAT: total score of 690 or higher
- GMAT Focus: total score of 645 or higher
- GRE: verbal score of 160 or higher; quant score of 165 or higher
- EA of 157 or higher
Official test scores must be sent with your application; scores submitted after the application has been processed will not be considered. Scores must also be no older than five years from your application date for the program.
Regional award
Self-funded applicants will automatically receive an award based on their country of residency as classified by the World Bank country income classifications.
- Low-income countries: €14,000 (50%)
- Lower-middle income countries: €7,000 (25%)
- Upper-middle income countries: €3,360 (12%)
There are no awards for those living in high income countries.
Early application awards – awards for October intake now closed
Please note, all early application awards for the October 2026 intake have been granted, but we are still accepting program applications, and we still have scholarships available. Apply now.
Global Online MBA scholarships
To apply for a scholarship, you will need to answer the specific question associated with it (see below). Your response is submitted as part of your degree application. Applying for a scholarships does not guarantee you will be awarded one, and you can be awarded a maximum of one scholarship per participant. You can, however, receive a scholarship and automatic awards.
Scholarships
Women in Business Scholarship
There is a lack of gender equality in global business. With this scholarship, ESMT is seeking to support women’s career development and advancement.
Number of scholarships available: Ten
Value: €4,000
Eligibility: Female candidates who have demonstrated a clear path towards leadership during their previous studies or who show a strong desire to move into leadership roles in the future.
Requirements:
Candidates should complete the following scholarship essay as part of their ESMT online application: Tell us why you do - or do not - agree with mandatory board (or senior management) quotas for women.
Status: Open
Global Online MBA October 2026 intake
Final places available for top candidates, filled on a rolling basis
