Top Scholarships for Business Majors in 2023
Accredited business majors deepen your knowledge and expand your options. It increases your earning potential and allows you to connect with people who can help you launch a career after graduation. However, further training is an investment. According to the U.S. News, the average cost of attending college has risen each year, but median household income has remained broadly flat over the past two decades. Attending a bachelor’s or master’s degree in a business program can earn you about $10,000 per year at a public institution and at least $35,000 per year at a private university. This is probably why you will need scholarships for business majors if you have plans to further your education.
Scholarships can mediate your tuition fees. Contrary to popular belief, scholarships and cash prizes aren’t just for students who are at the top of their high school class or who are eligible for financial aid. Many are aimed at students working toward a business degree. In this article, we will talk about the top scholarships for business majors you can apply for in 2022.
List of Scholarships for Business Majors in 2023
Fukunaga Scholarship Foundation
The Fukunaga Scholarship Foundation recognizes the top-performing business majors in Hawaii. It offers $20,000 over four years or a prorated amount for less than four years. Only 10 students are awarded this scholarship each year, so competition is fierce and you must demonstrate a clear financial need in addition to good grades, high-class rank, official SAT/ACT transcripts, and two letters of recommendation.
Spears School of Business Scholarship
Spears School of Business Scholarships is offered to students in the Oklahoma State University School of Business. Various scholarships vary in value and eligibility requirements. For example, the Boeing Scholarship is open to any business major, while the Chesapeake Rural Scholarship is only available to freshmen from a small Oklahoma town with fewer than 20,000 residents. There are also professional scholarships for veterans, minorities, transfer students, and international business students.
James A. Turner, Jr. Memorial Fellowship
James A. Turner, Jr. Memorial Scholarship is for welders or prospective welders. Named after the founder of a successful welding company, it offers a one-time $3,500 to students seeking a managerial position in a welding shop or distributor. It is offered by the American Welding Society, but you do not have to be a member to qualify. You can even reapply for the scholarship four years in a row.
Offered by one of the largest moving companies in the United States, the Allied Van Lines Scholarship is awarded to students majoring in logistics, supply chain management, or other “equivalent” fields. It requires an application and a personal essay of 400-800 words describing your passion for the industry. Three individuals are selected for the scholarship each year, and each recipient pays $1,000. You must be a current student pursuing a degree to be eligible.
Foreclosure.com Scholarship Program
The Foreclosure.com Scholarship Program provides checks for college students pursuing interests related to business, finance, and real estate. The winner is awarded to three students each year and receives $2,500, while second and third-place winners each receive $500. Applicants must write an essay focusing on a topic chosen for the current year. Please note that this scholarship is only available for current undergraduate students; Graduate students and high schools are not eligible.
The Harriet Irsay Scholarship, sponsored by the American Institute of Polish Culture, is awarded to American college students of Polish descent. It is awarded to 10 to 15 students annually but is subject to strict requirements including academic transcripts, a personal essay, three letters of recommendation, and an original essay or video essay about Poland. It pays $1,000 per student. You are eligible to apply each year but will only receive the scholarship once.
Jane M. Klausman Women in Business Fellowship
Zonta International is an organization that promotes the empowerment of women in the workplace, particularly in business-related fields. The Jane M. Klausman Women in Business Scholarship is offered to several students around the world throughout the year. Domestic scholarships are up to $2,000 while international scholarships are up to $8,000. Admission requirements may vary, but all applicants must be undergraduate students who are currently in business careers on campus.
MaxHome, a New Orleans-based home improvement company, offers the MaxHome Scholarship Program for current undergraduate students majoring in business, finance, marketing, or management. Applicants must write a dissertation of 1,000 – 1,500 words on the topic of the year. A winner receives a prize of US$1,500. Students must be currently enrolled in college and have a cumulative GPA of 3.5.
Scholarships for International Business Students
Scholarships for international business students are offered by global corporate tax firm Nomad Capitalist. This is an excellent scholarship for students with a global mindset and far-reaching plans for the future. You must write an essay and share it on social media to showcase your skills, passion, and entrepreneurial spirit. The prize is worth $1,000. You do not have to be a current student to apply.
Soliant’s Sunrise Fellowship is offered by the software development company Soliant Consulting. A winner will receive $1,000 to write the best paper based on the prompts. The tips can cover a wide range of topics including business, ethics, philanthropy, software tools, and current affairs. Any student or prospective student can win, but there are additional eligibility requirements for high school students, such as B. Good SAT/ACT scores.
Cleary University Academic Scholarship
The university, in cooperation with other companies and organizations, awards scholarships to outstanding students every year. This scholarship awards a $7,500 stipend to ensure continuous improvement in education.
This scholarship is available to high school students who intend to pursue postgraduate studies in a business-related program at the university. Students must have a minimum cumulative GPA of 3.2 and qualifying SAT or ACT scores to apply. Successful applicants must be willing to begin full-time business studies at Cleary University where the scholarship is awarded.
AACE International Scholarship
Awarded approximately $2,500 in scholarships to full-time business students at the university. This scholarship program was established in 1956 to support the education of students. The AACE Scholarship Program primarily offers three separate scholarships for US, Canadian, and other international students.
Scholarships are awarded to full-time business administration students. Eligible applicants for the AACE International Scholarships must be currently enrolled in an ABET-accredited institution or full-time program in one of the following ABET-accredited fields: engineering, construction management, construction, computer science, business administration, quantity take-off, or information technology. Students who apply must have a cumulative GPA of 3.0 and must not be employed by any organization at the time of application.
Asian Women Business Scholarship (AWIB)
This scholarship is awarded annually to Asian women who aspire to future leadership positions. Founded in 1995, AWIB is an NGO dedicated to helping Asian women entrepreneurs and businesspeople by providing scholarships to undergraduate students. The AWIB Scholarship Committee awards approximately $2,500 to successful applicants.
This scholarship is only available to Asian female students residing in the United States. Eligible applicants must be full-time students currently enrolled at an accredited institution pursuing a four-year business administration program and other business-related programs. Students must have a minimum GPA of 3.0 to be considered for an application. Female students of the following national origins will be considered for this award. These countries include Bangladesh, Bhutan, Cambodia, China, India, Indonesia, Japan, South Korea, Laos, Malaysia, Mongolia, Myanmar, Nepal, Philippines, Pakistan, Singapore, Sri Lanka, Taiwan, Thailand, and Vietnam. Applicants must submit recent college transcripts, several letters of recommendation, and two essays, and complete and sign an AWIB Scholarship Application.
Brightest Minds MBA Scholarship
The focus of this scholarship is to support students of the university by awarding bursaries of up to $25,000 to the top six randomly selected students. This scholarship is also open to students pursuing an MBA.
Eligible applicants must be considered after an award for a Master of Business Administration or Executive Master of Business Administration at the university. Successful applicants who receive $25,000 must apply for funding at one of the business schools supported by the scholarship program. Applicants must complete the GMAT practice exam, which consists of a 75-minute oral portion and a 75-minute quantitative portion.
Who Offers Scholarships for Business Majors?
Many students look for scholarships awarded by their prospective schools to help them afford their education. However, most universities have a large number of business students. Many people who are unsure of what career path they want to pursue end up with a bachelor’s degree in business administration. Because of this, full business scholarships are competitive, and many schools just don’t offer many of them.
However, large companies recognize the value of supporting the business community. Many companies offer scholarships for high school and business school applicants. Some have established separate foundations to provide scholarships and endowments to promising students. This helps them generate a pool of qualified job applicants who may work for them.
Community groups may also offer financial incentives to students who meet certain criteria. These include civil corporations, professional associations, government agencies, and nonprofit organizations.
Are You Eligible for a Business Scholarship?
Your eligibility for an accredited business school scholarship is subject to criteria set by the fund manager. Every opportunity is different, and many students are surprised that demographics, community service, extracurricular activities, and work and life experience make them qualify.
Volunteering can improve your status. Donating your time to the local community will set you apart from many other candidates and show your commitment to helping those around you. You might consider volunteering for groups that award scholarships to show that you are a valid contender. Community service can provide valuable experience that you can use to enrich your scholarship essay. It also allows you to network with professionals who can serve as a reference when applying for financial incentives.
A special scholarship fund has also been set up for students with certain medical conditions. Health problems can affect the financial well-being of students and make it difficult for them to set aside funds for further study. However, her ambitions should not be limited by her illness. If you are affected by diseases like cancer, multiple sclerosis, diabetes, or epilepsy, you may want to look for grants for people like you. Individuals with visual or hearing impairments may also be eligible for certain grants.
Don’t disregard your eligibility for a business degree just because you don’t plan to attend school full-time. Some scholarships are available to students enrolled in part-time programs or accredited online business degree programs. In many cases, students in the economics course have already gained the necessary experience to qualify for specific scholarships. By researching all the possibilities, you can create a list of scholarships that you may be eligible for.
Conclusion
As more companies emerge, business is one of the professions that cannot die out. For students who want to take both undergraduate and graduate business courses, there are many scholarships [programs that help you learn quickly by helping students pay tuition and other study expenses.
