Scholarships and awards make your 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. While you can apply for up to three scholarships, you may only receive one. 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.
Part-time MBA awards
Find out more about the award deadlines on the Admissions page.
Early application award
Completed online applications submitted in rounds 1-3 will receive a scholarship corresponding to the round in which the application is submitted.
- Round 1: €6,000
- Round 2: €3,000
- Round 3: €1,000
Test score excellence award
If you submit GMAT or GRE scores at the 85th percentile or higher, you will receive a €1,000 scholarship that celebrates your success.
Eligibility: applicants will be considered after submitting a completed application to the part-time MBA program including official test results from either the GMAT or GRE. Scores submitted after the application has been processed will not be considered.
The scores required are:
- GMAT: total score of 690 or higher
- GRE: verbal score of 160 or higher; quant score of 165 or higher
- BAT of 16 or higher
- EA of 157 or higher
Requirements: applicants must submit official test results, no older than five years from the date of application, from either the GMAT or GRE.
Part-time MBA scholarships
To apply for a scholarship, you will need to answer the specific question associated with it. They are listed below, and your response(s) is submitted as part of your application.
The following conditions apply:
- You can apply to up to three scholarships.
- You can only be awarded one scholarship.
- Applying for scholarships does not guarantee a scholarship award, irrespective of how many you apply for.
Scholarships
Women in Business Scholarship
There is a lack of gender equality in global business. With this award, ESMT is seeking to support women’s career development and advancement.
Ten scholarships of €6,000 are available.
Question: Tell us why you do - or do not - agree with mandatory board (or senior management) quotas for women.
Impact Scholarship
Change can be accelerated when social issues and business are aligned. The Impact Scholarship is for applicants who are helping make the world a better place. Preference will be given to those working in social enterprises, non-profit organizations, or NGOs.
Two scholarships of €4,000 are available.
Question: How are you positively impacting the environment, social justice, economic fairness, health, quality of life, or other social concerns?
Rainbow Scholarship
The Rainbow scholarship supports ESMT’s commitment to diversity. Special consideration will be given to self-identified LGBTQ applicants.
One scholarship of €4,000 is available.
Question: How have you contributed to LGBTQ+ causes and impacted the community?
Future leader
The Future Leader scholarship is awarded to applicants with extraordinary academic and/or professional profiles, leadership skills, and growth potential.
Six scholarships of €4,000 are available.
Question: ESMT is committed to developing responsible leaders, what is your vision of responsible leadership?
Refugee Scholarship
Education is a catalyst for change and transformation, and ESMT would like to help three refugees study in the part-time MBA program.
Three scholarships of 50% off tuition (€20,000) are available.
Note that this cannot be combined with any other scholarship (including automatic scholarships) and proof of refugee status is required.
Question: How will you make a difference with the Refugee Scholarship?
e-fellows Scholarship
ESMT Berlin is pleased to partner with e-fellows to offer a scholarship to e-fellows alumni or e-fellows MBA day participants.
Unlimited number of scholarships of €4,000 are available for self-funded applicants.
Question: How will you positively contribute to the learning environment of your peers at ESMT?
Tax deductions
Many countries allow tuition for higher education, and related costs, to count as tax-deductible expenses. You can learn more about the requirements in Germany, for example, here. Please check with your tax advisor to assess your personal situation.
Possible deductions might include:
- Tuition fees
- Travel required by the program
- Temporary housing expenses
- Cost of prep courses - English, special courses, etc.
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