Smith School Of Business MBA Scholarships For International Students.
Every year, there is usually a significant amount of international MBA dropouts from several business schools around the world. A couple of reasons for why that is so can be thought of and the most substantial one tends to be related to funding and financial issues. This is why we have decided to put together some of the top accessible MBA scholarships for international students.
As an international student, getting an MBA degree from schools in countries like the United States of America is something that is definitely not easy to do. You have to be ready in all aspects because it usually involves careful planning and preparation even just for a regular University admission.
Not to mention the several challenges from navigating complex visa requirements to adapting to a new academic and cultural environment. But you shouldn’t worry much because, despite all these, there are many international students considering pursuing an MBA degree in the USA as a valuable investment for their future career prospects. They are willing to put in the necessary effort to achieve their goals.
You reading this could also be part of those types of students. You can also be a student at credible business schools like the Kellogg School of Management, Haas School of Business, MIT Sloan School of Management, and Robert H. Smith School of Business. We shall be looking more into the scholarship opportunities that the Robert H. Smith School of Business offers.
The Robert H. Smith School of Business has a lot to offer when it comes to high-standard education and learning systems, proper tutors, and many more. Before we begin to discuss about MBA scholarships for international students we have put together, let us specifically look into why you, as an international student, should study at the Robert H. Smith School of Business.
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Why Study At The Robert H. Smith School of Business
The University of Maryland is actually the parent institution of the Robert H. Smith School (also known as Smith School). Smith School has been known as a reputable business school with a top-notch teaching curriculum. It also offers programs to both graduate and undergraduate students.
Just so you know, the school was named after alumnus Robert H. Smith (Accounting ’50). Other notable alumni that have been in the four corners of this school are as follows: Larry D. Welch (12th Chief of Staff of the United States Air Force), David F. Wherley Jr. (former commander of the District of Columbia National Guard), Ryan D. McCarthy (24th United States Secretary of the Army), Harry Hughes (57th Governor of Maryland)
The Robert H. Smith School of Business is also known for its humanitarian and helpful deeds. Back in 2006, the Smith School launched the Lemma Senbet Fund student-run investment management fund for undergraduate Finance students starting with an initial capital infusion of $50,000.
This and many other helpful opportunities have in one way or the other, helped lots of students (both international and domestic) with their MBA studies. If you are reading this right now and you are on the idea of pursuing an MBA degree in the USA, then you are at the right place. We’d be looking at a few of the MBA scholarships for international students that may help you.
1. Fall 2024 Scholarship
The First on the list of MBA scholarships for international students is the Fall 2024 scholarship. The Smith School has generous corporate partners and donors who fund its undergraduate scholarships. All of its scholarships are awarded to current Smith School undergraduate students.
In recent academic years, nearly $1.2 million has been available in undergraduate scholarships. You too can be part of that and also become an awardee of this scholarship.
Scholarship Application Checklist
Before you proceed to apply for this MBA scholarship for international students, you should have the following in check:
- Completed FAFSA form on file with the University if applying for need-based scholarships (see Office of Financial Aid)
- Resume
- List of activities and honors
- Fully answered and completed application (confirm you have submitted your application by July 1 and not left in draft form)
- Personal bio: This bio is intended to be a BRIEF snapshot of YOU for people who may not be privy to your resume or application. In 4-5 sentences, tell us about professional, academic, or life experiences you feel define you as well as your short-term and long-term goals (this could include why you selected your major and what you hope to do with it). Think of it as your written elevator pitch.
Eligibility
There are several things to take note of when it comes to these MBA scholarships for international students, some if these things are:
- All awards are funded from sources outside of the Smith School, therefore, the stipulations of the awards must be followed.
- Generally, most scholarships are based on GPA, major, credit accumulation, demonstrated leadership, residency, financial need, and other factors.
- Although students with cumulative GPAs of 3.0 or higher are more competitive, we encourage ALL Smith students to apply, as certain scholarship criteria vary just like our student body.
Scholarship Deadline
The 2024-25 scholarship application for the next academic school year will be available on May 1, 2024. If you are really in need of MBA scholarships for international students, then you should be on the lookout when that day comes.
2. Dean’s Fellow with 2-Year Graduate Assistantship
On behalf of Dean Prabhudev Konana, the Robert H. Smith School of Business is happy to offer you a Dean’s Fellow with a 2-year Graduate Assistantship (GA) award that covers Full-Time MBA in-state tuition and university fees.
The Dean’s Fellow with 2-Year Graduate assistantship might be what you’re just looking for regarding MBA scholarships for international students. Below is a brief documentation of how the fellowship and assistantship is split.
Scholarship Value
- Financial Award:
– Year 1 (Fall 2024 & Spring 2025): $39,913.00
– Year 2 (Fall 2025 & Spring 2026): $39,913.00
– Calculation Details: Total $79,826
– How would you see this benefit: Posted to your student account as a scholarship or tuition reduction? $1,283 per year allocated towards university fees.
- Tuition Remission:
– Year 1 (Fall 2024 & Spring 2025): $8,280.00
– Year 2 (Fall 2025 & Spring 2026): $8,280.00
– Calculation Details: Up to 10 credits of tuition remission at the graduate level rate ($828 per credit) per year
– How would you see this benefit: Posted on your student account automatically
- Stipend:
– Year 1 (Fall 2024 & Spring 2025): $13,479.00
– Year 2 (Fall 2025 & Spring 2026): $13,479.00
– Calculation Details: 9.5-month appointment each year with a total stipend estimated at $13,479 per year
– How would you see this benefit: Paid via bi-weekly paychecks
- Out-of-State Savings (charged in-state tuition):
– Year 1 (Fall 2024 & Spring 2025): $10,732.50
– Year 2 (Fall 2025 & Spring 2026): $10,732.50
– Calculation Details: Out-of-state tuition per credit ($2,157.00) minus in-state ($1,759.50) is savings of about $397.50 per credit. Based on 27 credits completed each year.
– How would you see this benefit: Savings when you are charged in-state tuition on your student account instead of out-of-state tuition
Total Value comes to about $144,809, which is seemingly substantial for MBA scholarships for International students. You should also note that graduate Assistants (GAs) can buy subsidized health insurance and receive these benefits in exchange for 360 hours of work per academic year (an average of 12 hours a week).
Scholarship Deadline
The award is only applicable to students who commence their studies in the Fall 2024 semester. If you start the program at any other time, your award may be adjusted accordingly. The Graduate Assistantship award lasts for two years and covers the Fall 2024, Spring 2025, Fall 2025, and Spring 2026 semesters. So if you’re on the lookout for MBA scholarships for international students, don’t miss this.
Also note that these tuition fees are valid for the academic year of 2023-24 and are subject to change based on tuition rates for the following academic year of 2024-25. The Board of Regents will confirm tuition rates for this period in July 2024.
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3. 2024-2025 Alumni Association Scholarship
Last on the list of MBA scholarships for international students is the alumni association scholarships. The Alumni Association Student Scholarship Application for the 2024-2025 year is now open. The application can be found on Scholarship Universe (visit the official website concerning this), a new platform being used by the university and the Office of Student Financial Aid.
Scholarship Amount
If you have been looking for MBA scholarships for international students, then you’re at the right place. Because the Alumni Association will be awarding 15 scholarships of $5,000 each.
Eligibility
To be eligible for this award, applicants must:
- Have a cumulative GPA of 3.0 or higher, show commitment to the university community through on-campus and/or off-campus involvement, and exhibit Terp pride.
- Have completed at least one semester at the University of Maryland, College Park at the time of application and be enrolled full-time (12+ credits for undergraduate students and 9+ credits for graduate students or 48 credit hours) during both the Fall 2024 and Spring 2025 semesters.
- Submit a complete, online application by May 31, 2024, at 11:59 pm EDT, which includes a completed application and a letter of recommendation.
- Applicants will be notified of their award status in early to mid August. Recipients will receive a $5,000 award, distributed as $2,500 each semester (Fall 2024 and Spring 2025). Awards will be applied to the recipient’s student account (by the Office of Student Financial Aid) prior to the fall semester bill due date of August 20, 2024.
Scholarship Deadline
Applications are due Friday, May 31, 2024 by 11:59pm EDT. If you dearly need MBA scholarships for international students, be on the lookout for this. Be sure to visit the official website for more details.
