Compiled and Written By TopManagementDegrees.com Staff
Last Updated: Apr 15, 2020
Business Management Scholarships
With the cost of college attendance skyrocketing at a rate that's faster than the average rate of inflation in the United States, and the popularity of business management programs only increasing as the wider market for business jobs grow around the country, many students are in search of business scholarships to cover tuition expenses. That's a tall order, especially as student loan interest rates remain uncertain amid political fights and schools across the country look to find not only their own grant programs, but student body expansions, new facilities, and more.
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The best option for today's business management students is to go outside the traditional frameworks of either federal aid or school-based tuition grants. With an industry as large and as successful as business, students choosing this major and its many concentrations have access to some of the best scholarships in the country. The top 25 business scholarships available to today's business management students will offset tuition price increases, reduce student loan debt, and allow for a deeper understanding of this growing field.
The Best Business Management Scholarships
1. Marc Beaumont Scholarship Fund
This scholarship was established several years ago in honor of one-time Capcom North America and Europe COO Marc Beaumont. The scholarship is issued by the Academy of Arts and Sciences and is generally given to those students who are looking to blend their business management education with the arts and entertainment industries after graduation. The award totals $2,500 and is generally available to any student currently pursuing a major in business management, executive leadership, law, or finance. Some other concentrations will be considered by the Academy of Arts and Sciences if the student intends to put their skills to use in the entertainment industry after graduation.
To apply for the scholarship, students must have a minimum GPA of 3.3 on a 4.0 scale. The application must be submitted by July in the same year that the scholarship's funds will be applied to tuition or living expenses. Only full-time, current college students are accepted. The scholarship does not renew and winners cannot reapply for funds in the future.
2. Women in Public Finance Scholarship
The Women in Public Finance Scholarship has been designed to help existing high school seniors fund their business management education with a concentration in finance, accounting, or law. To be eligible for the scholarship, students must be currently attending their senior year of high school with the intent to enroll in a business program that contains one of the eligible concentrations mentioned earlier. Students should be prepared to show their preference for leadership in their current setting by demonstrating current leadership roles, extracurricular activities, sports achievements, and more.
The scholarship application contains several essays that must be satisfactorily answered in order for the student to be considered for the program. The application must be submitted no later than August 31 of the year prior to the student's college attendance. The scholarship does not renew, and students are ineligible to apply again simply because the program is only open to existing high school seniors and not currently enrolled college students.
3. Cappex Business Majors Scholarship
Cappex is already the leading provider of scholarship search tools, but the company has recently expanded into offering its own scholarships based on the student's unique course of study. The Cappex Business Majors Scholarship is designed to do exactly what its name implies: Help afford the tuition at any accredited business school as long as the student is enrolled in an applicable program.
The award totals $1,000 and students can reapply for the scholarship during each of their years enrolled in an eligible program. In addition to covering the traditional business management major, the scholarship covers programs like accounting, finance, business administration, business law, and legal studies. Students need to apply by December 31 of each year and, while they are encouraged to show leadership potential and extracurricular activities, no minimum GPA threshold has been set.
4. NFIB Young Entrepreneur Awards
The rollout of high-tech tools has made it easier than ever for students to open their own businesses even before they've left high school to pursue education in the management field. That's where the NFIB Young Entrepreneur Awards come in. the program is designed to award those students who have already started their own small business with the financial resources needed to pursue a strong undergraduate education in business that will help them take their own fledgling enterprise to the next level.
To be eligible for the application and award, students must own their own successful small business and they must be able to demonstrate exemplary leadership skills both within the framework of that business and in the classroom. The program has a deadline of December 18, and typically awards quite a few students each year a small fund to help with college costs. Over 2.55 million dollars in awards have been handed out by the NFIB since the scholarship program began in 2003.
5. John L. Carey Scholarship Program
Offered by the AICPA, the John L. Carey Scholarship Program is a great tool for those students who plan to pursue accounting while in college. This can be either as a student's major, a concentration within business management ,or a minor. The award is given to those students who intend to sit for the CPA exam after the completion of the necessary educational programs, and is almost always used by those students to cover independent study materials, group study sessions, and the actual cost of the exam itself in many cases.
The award totals $5,000 and is given to 10 students each year. Applications open in December and close in April of each year, with the winners being announced shortly after the close of the application deadline.
6. NSHMBA Foundation Scholarship Program
The National Society of Hispanic MBA's has created this particular program to make it easy for students of Hispanic lineage to complete their graduate-level studies in the business management field. While the scholarships listed to this point have been targeted to undergraduate students, this particular program is designed to be used at the graduate level when pursuing any concentration within an approved, accredited MBA program.
The award does vary based on the student's need and their application details, with a minimum grant of $2,500 scaling up nicely to a maximum award of $10,000. The scholarship cannot be renewed, but those students who wish to do so are urged to apply during each year of their graduate studies. Applications are available throughout the year, with the deadline falling just before the start of each fall semester. Funds awarded will be disbursed by the organization prior to the start of the academic year.
7. CEO of Tomorrow Scholarship
CEO.com is a leading resource for those in business management and leadership positions, and the site is dedicated to making sure that tomorrow's leaders have the funds they need today to succeed in and afford college programs. That's where CEO.com's CEO of Tomorrow scholarship program comes in. The program offers a total reward of $2,500 and is available just once to a single qualifying student who shows excellent leadership capacity and a history of academic achievement.
The scholarship opens for submissions in the spring and closes during the fall. Students must be currently enrolled in an undergraduate program that will set them up for a career in business, including administration, management, finance, marketing, or similar pursuits. No GPA requirements are set, but students need to show a superior level of content knowledge and proven on-campus leadership in order to qualify for the award.
8. Ritchie-Jennings Memorial Scholarship
The Ritchie-Jennings Memorial Scholarship is administered by the Association of Certified Fraud Examiners, which represents a large and growing industry of highly qualified accountants. Despite the accounting background of the ACFE, the scholarship itself is not targeted specifically to accounting students or those with an accounting concentration. Students with a major in business management, executive leadership, finance, or accounting, are eligible to apply for the award which currently totals between $1,000 and $10,000 based on the students' demonstrated need, their achievements, and their application materials.
The scholarship is awarded to 29 undergraduate students each year, with those students being distributed between different award amounts. Essays, three letters of recommendation, and a minimum of part-time enrollment at an approved college or university are required, as is one of the majors mentioned above. This scholarship is not open to current high school students or those enrolled in a community college business program.
9. Mary Elizabeth Lockwood Beneventi MBA Scholarship
As its name implies, the Mary Elizabeth Lockwood Beneventi MBA Scholarship is available to those students who are pursuing business education at the graduate level. The program is designed to cover at least partial expense associated with an MBA program, and it's open to students with any concentration within the Master's of Business Administration program at an AACSB accredited institution. This scholarship is only available one time, and it cannot be renewed. Students who have already been awarded the Mary Elizabeth Lockwood Beneventi MBA Scholarship funds cannot reapply in future academic years.
For those who wish to apply for this program, a minimum graduate-level GPA of 2.25 on a 4.0 scale is required. Students should also be prepared to submit the requested essays, official college transcripts, the official paper application, and letters of recommendation from colleagues, current professors, or research assistants.
10. Direct Marketing / Marketing EDGE Educational Foundation Scholarship Program
The Direct Marketing Educational Foundation Scholarship Program, administered by the website MarketingEDGE.com, is targeted to undergraduate students who wish to blend their business management education with a marketing concentration or a minor in the subject. Furthermore, this scholarship was designed to accommodate those students with an interest in direct marketing topics, including direct paper mailings, email marketing, and other tools commonly associated with this segment of the marketing industry.
Though the scholarship program once consisted of just a single scholarship designed to cover a large number expenses, MarketingEDGE has grown dynamically in recent years and has expanded its available scholarships to a total of 9 for today's graduate and undergraduate students in a related field. To apply, students should have a 3.0 GPA and an existing concentration or minor in the marketing field. They should be prepared to offer transcripts, letters of recommendations, and on-subject essays as a part of the application procedure.
11. Robert J. Yourzak Scholarship Award
Administered by the Project Management Institute, this program focuses on a broader definition of leadership that can encompass majors like business administration, business management ,executive leadership, finance, accounting, and more. The program makes a one-time $2,000 award available to students with demonstrated financial need and an aptitude for leadership situations.
Students looking to be considered for this program need to write a total of two essays and they should be prepared to attach a full resume to the application. Three written references from professors or school administrators will be required, and students will need to attach official college transcripts along with their application.
12. Miller Coors U.S. Education Leadership Fund
This program is open to students with a Hispanic background who are currently in an approved program of study where they have shown exemplary leadership skills. Though the number of programs covered by this scholarship is pretty broad, the majority of them do fall within the business field. Students who have won in prior years have been enrolled in business management, finance, and accounting programs, and business majors do represent the more traditional recipient of this award.
Unlike many scholarships serving today's business students, the Miller Coors U.S. Education Leadership Fund is a renewable, $3,000 scholarship that can travel with students as they pursue their students. Applicants must be college juniors or seniors with a GPA of 3.0 and must attend the organization's annual leadership summit to qualify.
13. Golden Key Undergraduate Achievement Scholarship
The Undergraduate Achievement Program scholarship, administered by Golden Key, is open to students from a board array of disciplines but it's primarily concerned with those students who show leadership qualities in a business management program or another leadership-oriented major within an accredited university. In order to be eligible, students must submit a personal statement, a single professional reference, and official college transcripts before October 1. The award totals $5,000.
The Bill and Melinda Gates Foundation awards this annual scholarship program to students who demonstrate excellent leadership capacity in their college course work and show a demonstrated financial need for the funds available. Awards up to $10,000 are given each year, with up to 1,000 winners. Applications must be submitted before January 14, and students should be prepared to submit multiple essays and professional recommendations as well as transcripts and a resume.
15. Generation Ali Global Citizenship Scholarship Program for Undergraduate Students
Named after the world's most legendary boxer, this scholarship program awards $10,000 to multiple winners each year. To be eligible for the program, students must be enrolled in a business management, accounting, or finance program and they must show demonstrated leadership in the classroom and in extracurricular activities. The program is not renewable, but those who win the $10,000 scholarship are eligible to reapply each year if they wish to do so.
The Dell Scholars program is open to current high school seniors or college students with a GPA of 2.4 on a 4.0 scale. The $20,000 award is a one-time scholarship based on excellent academic performance and promise, as well as demonstrated leadership capacity and either prospective or current enrollment in an eligible business or technology major.
Awards range from $2,000 to $25,000 based on qualifications and demonstrated financial need, with awards being given to those students in a business-related discipline who have shown leadership in the local community. Students must be enrolled full-time in a program that will lead to a bachelor's degree, so existing high school seniors or community college students are not eligible to apply. Be prepared to submit letters of recommendation, a resume, documentation of community work, and school transcripts.
18. Scarlett Family Foundation Scholarships
Tennessee students from low-income families may qualify for this scholarship if they're currently pursuing a four-year degree in a business-related field. That includes business management, administration, leadership, finance, and accounting. Awards vary based on financial need and related qualifications, but generally start at $2,500 and top out at $25,000. The program does not renew but winners are eligible to reapply on an annual basis.
19. AFCEA Young Entrepreneur Scholarship
Open to those students who have created their own small business, this program is similar to the one mentioned earlier and is open to high school and college students with entrepreneurial leanings. Multiple $2,000 scholarships are issued annually to students with a strong resume, a great personal statement, and a minimum GPA of 3.0 on a 4.0 scale.
20. IMA Memorial Education Fund
Administered by the IMA to current graduate or undergraduate students, this program allows for an award of between $1,000 and $5,000 based on demonstrated qualifications. Awards are issued annually to students in eligible, fully accredited, four-year programs, and these awards can be applied for each year a student is enrolled full-time.
Students who show excellent leadership in the community and demonstrate a high level of academic achievement can apply for this program. The award of $1,000 is issued to multiple students annually and can be renewed. GEICO requires a minimum 3.0 GPA and a major in business, finance, mathematics, or technology-related fields.
22. RentDeeals.com Scholarship for Business students
Three annual scholarships of $1,000 are awarded to students, and these scholarships are available to anyone in an approved business or management major. Personal statements must be submitted and students must have at least a 3.0 GPA to qualify. The program does not renew.
23. Visine Students with Vision Scholars
Business and technology students with a "vision" for future leadership or innovation will want to check out this corporate scholarship, with a $5,000 annual award that can really help with college expenses. Transcripts, letters of recommendation, and personal statements concerning community leadership and vision must be submitted in order to qualify. As many as ten students per year receive this award.
24. Diabetes Scholars Foundation Award
Students with diabetes are eligible to apply for this award to cover their business management program's expenses. The scholarship requires students to be in their senior year of high school and they must currently have Type 1 diabetes to be eligible for the award of between $1,000 and $5,000.
25. A&F Business Consultants Scholarship
All high school seniors pursuing eventual studies in business management or other leadership roles are encouraged to apply to this program. The company awards multiple annual awards of $1,000 to those students pursuing a four-year program in a related business field.
With great scholarships for undergraduate and graduate business students, as well as those with different backgrounds and personal stories, it's easy to find a way to cover outstanding balances, pursue education, and graduate in a strong financial position that otherwise simply would not have been possible. These generous awards are all excellent options for today's business students, with easy applications and great opportunities across the board.