Scholarships and awards make your 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 are automatically granted if you meet the criteria (you don’t need to do anything). You can be awarded more than one and they can be combined with a scholarship.
- 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.
Awards
You will automatically be granted an award if you meet the criteria.
Early application award
Students applying before the first application deadline will receive a €2,000 scholarship.
The early application award is only available to students that choose to pay either over two installments, or by module. Payment in full grants you an automatic 15% discount and can be combined with all awards and scholarships, except the early application award.
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
- 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.
Important notes:
If you meet the criteria, you can be awarded all the awards.
Scholarships can be combined with all payment plans, with the exception of the early-application award.
Global Online MBA scholarships
To apply for a scholarship, you will need to answer the specific question associated with it. This is listed below, and your response is submitted as part of your application.
Applying for scholarships does not guarantee one, however scholarships and awards are considered separately.
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
Panzer Scholarship
This scholarship supports emerging leaders from Africa in creating impact, driving change, and shaping the future of business and society.
Number of scholarships available: two
Value: €10,000
Eligibility:
Candidates applying to the Global Online MBA who:
- are aged 30 or younger
- are both a citizen and current resident of a country in Africa
- have founded a business or social enterprise
Requirements: Candidates should complete the following scholarship essay as part of their ESMT online application: By 2035, what will your business/enterprise have contributed to Africa's future? Describe what you will have accomplished, and the impact it will have.
Status: Open
Note: This scholarship can be combined with the ESMT regional award.
