Top Business Scholarships You Need to Apply to in 2023/24
Uncover the untapped potentials of various business scholarships.
- By: The College Compass Team
Did you know millions of dollars in scholarship money go unclaimed every year? You might be unknowingly leaving your share on the table.Â
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.Â
Below you’ll find noteworthy business scholarships that could be your stepping stone to success.
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.
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.
Boren Scholarships
A unique scholarship for students interested in studying less commonly taught languages and cultures, particularly in regions critical to U.S. interests.
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.
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.
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.
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.
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.
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.
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.
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.
Clarkston Scholars Scholarship
This scholarship propels Pennsylvania undergraduate students to study life sciences with an interest in the business side of the industry.
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.
ASUS Scholarship
ASUS supports aspiring business leaders studying computer science or a related STEM field, bridging the gap between technology and business.
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.
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.
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.
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.
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.
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.
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.
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!
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