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Top Business Scholarships You Need to Apply to in 2023/24

Uncover the untapped potentials of various business scholarships.

Business Scholarships

Did you know millions of dollars in scholarship money go unclaimed every year? You might be unknowingly leaving your share on the table. 

Scholarships, particularly in business degrees, can provide an immense stepping stone to a vibrant career, not just in terms of financial relief but by opening doors to valuable networks and experiences. 

Below you’ll find noteworthy business scholarships that could be your stepping stone to success.

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Business Scholarships 2023-2024

ELC Scholarship Program

The ELC Scholarship Program, supported by the Executive Leadership Council, targets African-American undergraduate students in business-related fields, emphasizing leadership development and mentorship.

Application Deadline

02/15/2024

Award Amount

$60,000

GHR Fellows Scholarship

This opportunity targets graduate students excelling in global health and business management. Successful applicants receive full tuition coverage and experiential learning opportunities.

Award Amount

$47,383

Boren Scholarships

A unique scholarship for students interested in studying less commonly taught languages and cultures, particularly in regions critical to U.S. interests.

Application Deadline

02/01/2024

Award Amount

$25,000

University of Michigan Ross Scholarships

Exclusive for University of Michigan’s Ross School of Business students, these scholarships celebrate academic achievement and promise, easing your journey towards a distinguished business career.

Application Deadline

03/31/2024

Award Amount

$25,000

Melvin Kruger Endowed Scholarship Program

Funded by the National Roofing Contractors Association, this scholarship is available for undergraduate students pursuing careers in the roofing industry or building construction.

Application Deadline

01/31/2024

Award Amount

$20,000

Society of Actuaries Hickman Scholar Program

This scholarship is designed to support doctoral students conducting research that contributes to actuarial science to prepare them for a successful career in the industry.

Application Deadline

02/15/2024

Award Amount

$20,000

Fukunaga Scholarship Foundation

The Fukunaga Scholarship Foundation supports students pursuing degrees in Business Administration. Recipients are awarded scholarships based on academic achievements, leadership potential, and financial need.

Application Deadline

02/22/2024

Award Amount

$20,000

Blacks at Microsoft Scholarship

Aimed at promoting diversity in the business world, this scholarship uplifts African-American high school students keen on studying business management or a related field.

Application Deadline

03/15/2024

Award Amount

$20,000

Scarlett Family Foundation

This foundation offers scholarships to students in Middle Tennessee pursuing business degrees, including business management. Applicants must demonstrate financial need, academic excellence, and leadership skills.

Application Deadline

12/15/2023

Award Amount

$15,000

Dairy Management, Inc. Scholarship Program

If you are studying dairy/food science and have an interest in dairy product marketing or sales, this scholarship can give you an advantage in a crucial industry.

Application Deadline

05/12/2024

Award Amount

$14,000

Deloitte Future Leaders Scholarships

Deloitte offers this scholarship to support students who demonstrate leadership potential and are pursuing a degree in a field related to business or finance.

Application Deadline

12/01/2023

Award Amount

$10,000

Clarkston Scholars Scholarship

This scholarship propels Pennsylvania undergraduate students to study life sciences with an interest in the business side of the industry.

Application Deadline

01/13/2024

Award Amount

$10,000

Ohio Soybean Council Foundation Undergraduate Scholarships

This scholarship supports Ohio-based undergraduates pursuing studies in agriculture, business, or bioscience fields, fostering business leadership in these critical sectors.

Application Deadline

01/13/2024

Award Amount

$10,000

ASUS Scholarship

ASUS supports aspiring business leaders studying computer science or a related STEM field, bridging the gap between technology and business.

Application Deadline

02/15/2024

Award Amount

$10,000

Pacific Gas & Electric Company Asian ERG Scholarship

This scholarship is designed to support Asian and Pacific Islander students who have an academic focus on business and come from diverse backgrounds within the business world.

Application Deadline

02/24/2024

Award Amount

$10,000

ICSC Foundation Graduate Scholarships

Targeted towards graduate students focused on retail real estate, this scholarship combines financial support with industry exposure, catering to the needs of future retail business leaders.

Application Deadline

03/07/2024

Award Amount

$10,000

AICPA Foundation Scholarship for Future CPAs

The American Institute of Certified Public Accountants (AICPA) offers this scholarship to support students pursuing an undergraduate or graduate-level degree in accounting or an accounting-related major. The scholarship is designed to help future CPAs finance their education.

Application Deadline

03/15/2024

Award Amount

$10,000

AICPA Scholarship for Minority Accounting Students

This scholarship offers financial support to minority students pursuing an accounting degree, promoting a more diverse and inclusive profession.

Application Deadline

03/15/2024

Award Amount

$10,000

David R. Parsley Scholarship Fund for Supply Chain Management

This scholarship is available to undergraduate and graduate students interested in grocery supply chain management. It honors the legacy of David R. Parsley in the industry.

Application Deadline

03/15/2024

Award Amount

$10,000

Mercatus Adam Smith Fellowship

The Mercatus Center provides this scholarship for graduate students exploring the fields of political economy and business, focusing on Adam Smith’s scholarly contributions.

Application Deadline

03/15/2024

Award Amount

$10,000

JCF Helen B. Lewis E. Goldstein Scholarship

This scholarship offers Jewish students financial support to pursue a degree in business or finance, fostering the development of future Jewish business leaders.

Application Deadline

03/31/2024

Award Amount

$10,000

How to Apply for Business Scholarships: Your Step-by-Step Guide

Identify Appropriate Scholarships

Start by identifying scholarships that align with your academic goals, extracurricular activities, or specific demographic factors.

Gather All Necessary Information

Most scholarships will require you to provide detailed personal and academic information. Keep relevant documents such as academic transcripts, proof of enrollment, and identification handy.

Write a Stellar Application Essay

If required, take time to write an engaging, sincere, and detailed application essay. Highlight your passion for biochemistry, academic achievements, and future career aspirations.

Secure Strong Recommendation Letters

Letters of recommendation from your teachers or mentors can significantly boost your application. Ensure to give them enough time to write detailed and thoughtful letters.

Apply Well Before Deadlines

Never wait until the last minute to apply. Early applications can often demonstrate enthusiasm and organization.

Proofread Your Application

Mistakes can be costly. Thoroughly proofread your application and have a second pair of eyes do so.

Tips to Increase Your Chances of Securing a Scholarship

Start Early

The sooner you start, the more scholarships you can apply for. This increases your chances of success.

Apply Widely

Don’t limit yourself to one or two scholarships. The more you apply for, the better your odds.

Stay Organized

Keep track of all applications, deadlines, and requirements. This will ensure you don’t miss any important details or deadlines.

Showcase Your Unique Perspective

Your unique artistic voice is your greatest asset. Make sure this shines through in your portfolio and your essay.

Proofread Everything

Simple errors can undermine the professionalism of your application. Proofread all written materials, or better yet, have someone else look them over too.

Follow Instructions Precisely

Failure to follow application instructions can lead to immediate disqualification. Make sure you read and understand all guidelines before submitting your application.

Stay Positive and Persistent

The scholarship application process can be challenging, and rejection is part of the journey. Stay positive, keep refining your approach, and don’t give up!

FAQs

Eligibility for business scholarships can vary widely. Some are aimed at high school seniors preparing for undergraduate studies, while others target current undergraduates, graduate students, or doctoral candidates.

Always check the specific eligibility requirements for each scholarship.

Some scholarships have GPA requirements, while others focus more on other factors, such as your commitment to a particular field of study, leadership potential, or community service involvement.

Yes, students can usually apply for multiple scholarships. However, it’s important to ensure you meet the specific eligibility criteria for each one.

While many business scholarships are geared towards business majors, some are available to students from other disciplines who demonstrate an interest in business or plan to integrate business skills into their chosen field.

Some scholarships are one-time awards, while others are renewable annually. There may be certain conditions to meet for renewable scholarships, like maintaining a specific GPA.

The competitiveness of business scholarships varies. Some scholarships with large awards or prestigious recognition can be highly competitive, while others may be less.

In all cases, submitting a thoughtful, well-prepared application is vital.

Don’t let financial constraints deter you from reaching your full potential. Start your journey towards a thriving business career today. Review the scholarships we’ve discussed, match your goals and interests, then start crafting your compelling application.

Don’t wait—the path to success is just an application away!

Editorial Disclaimer

The College Compass is reader-supported and committed to maintaining complete editorial independence. All views expressed are solely ours and are not influenced by any external party. We may include affiliate links in the article, which helps us earn a small commission to support our work. We always have a link to the source for any data or information we include. Learn more about our editorial practices.

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