
Scholarships for business majors
Whether you want to enter the corporate world, start your own business, or contribute to the success of a startup, business is an exciting and growing career field. While pursuing a degree in business, students gain the skills to manage operations and employees, oversee business finances, support business development, drive innovation, and more. The days of the 9 to 5 businessman with a cold heart and money signs in his eyes are no more. Nowadays, young professionals are starting conscious businesses that challenge the status quo.
Many students study business to secure a high-paying job after graduation, develop their leadership skills, or start a business that they’re passionate about. Even if your passion doesn’t lie in business itself, a business degree offers you the flexibility to work in virtually any field. There are few restrictions when it comes to what you can do with your business degree.
For these reasons, a business degree can be a great option if you’re entering college but haven’t yet decided on your future career goals. Your coursework will provide an overview of the various areas of business and you can easily specialize in what interests you. Business internships are also widely available to help students gain real-world experience.
However, the price tag on an undergraduate, graduate, or doctoral degree in business can be quite intimidating. Luckily, there are financial aid options available for students. One such option is scholarships, which come with the benefit of not needing to be paid back. Check out just a few of the scholarships for business majors below.
Scholarships for undergraduate business majors
Earning an undergraduate degree in business can set you up for a career in almost any field. If you’re still exploring your passions and interests, majoring in business provides flexibility and a solid foundation. Check out these scholarships for business majors at the undergraduate level to help you save money on school.
In memory of Jacqueline Duty, A-Action Pest Control awards one $1,000 per year to students studying in a business-related program in Illinois or Wisconsin. A-Action Pest Control is committed to promoting small business ownership and entrepreneurship.
Scholarship amount: $1,000
Official website: A-Action Pest Control
Students seeking a degree in business, chemistry, civil engineering, construction management, marketing, and sales can apply for this need-based scholarship. Students should be in their third or fourth year of undergraduate study or studying at the graduate or doctoral level.
Official website: Bill and Shireen Kirk Scholarship
With the goal of developing leaders that influence public policy, the National Society of High School Scholars presents one $1,000 award per year to a high school senior. Students can plan to major in business, business administration, finance, economics, or public policy.
Scholarship amount: $1,000
Official website: NSHSS Foundation Business and Public Policy Scholarship
Scholarships for graduate accounting majors
For both recent college graduates and established professionals alike, an MBA or other graduate-level business degree is an attractive credential to potential employers. An MBA also provides the opportunity to specialize further in the field. We’ve included some money-saving scholarships for business majors at the graduate level below.
This $500 scholarship is awarded to both undergraduate and graduate students pursuing a degree in business, economics, or a related field. Recipients also receive full access to the 280 Group Certified Product Manager Online Course and Exam valued at $1,495.
Scholarship amount: $500
Official website: The 280 Group Product Management Scholarship
The Orbis Fellowship Program presents $15,000 cash awards to Master of Business Administration (MBA) students. There are no demographic requirements to apply, but applicants should have a strong interest in investment management.
Scholarship amount: $15,000
Official website: The Orbis Fellowship Program
This $5,000 scholarship is geared towards students who want to use their MBA or EMBA to drive change and make a difference in their community. Students must be enrolled in a program by the time the winner is announced and begin studies in the next academic year.
Scholarship amount: $5,000
Official website: QS WM MBA Community Scholarship
Brown, PC is committed to providing $500 scholarships to business students with an interest in entrepreneurship. Applicants must submit a cover letter outlining their interest and experience in entrepreneurship
Scholarship amount: $500
Official website: National Founder’s Graduate Business Student Scholarship
Scholarship for doctoral-level business majors
A doctoral-level degree in business can set you up to initiate change and drive innovation in the business sphere. Through in-depth research and coursework, you gain further insights into the field, making this a great path for consultants, entrepreneurs, and business leaders. In addition to scholarships for business majors, many colleges and universities have teaching or fellowship programs to help students earn a doctorate at a lower cost.
This fellowship is open to doctoral-level students studying a wide range of topics, including business. Recipients of this fellowship work with mentors to develop networks of scholars related to their dissertation research. There is a strong emphasis on students who demonstrate the potential to produce insights into contemporary developments in American politics, foreign policy, and America and the World.
Official website: Jefferson Scholars National Fellowship
In collaboration with the Ph.D. Project, the American Marketing Association awards scholarships to business students studying marketing. Applicants must be African American, Hispanic American, or Native American.
Official website: American Marketing Association
Scholarships for minority students in business studies
With globalization on the rise, the diversity of the business field is expanding rapidly. Corporations have offices all over the world and diverse perspectives are an asset to any business. With the goal of supporting the inclusion of underrepresented groups, several organizations offer scholarships for minority students in business. Check out just a few of them here:
The Asia Pacific Fund presents two $5,000 scholarships per year to undergraduate students studying business administration, accounting, political science, or a related field. Applicants must be at least 50% Asian heritage and enrolled in a college or university in California.
Scholarship amount: $5,000
Official website: Asian Pacific Fund
Graduating high school seniors from underrepresented groups, including African American, Hispanic, and Native American, can apply for this annual scholarship. Students must have at least a 3.0 GPA and plan to major in business, physical science, technology, engineering, or mathematics.
Official website: AABE
Scholarships for women studying business majors
According to the National Association of Women Business Owners (NAWBO), over 11.6 million firms in the U.S. are owned by women. These businesses generate more than $1.7 trillion in sales annually. Women are making waves in the business world. The organizations below provide scholarships specifically for women to encourage participation and leadership in business-related careers.
In honor of Kerri Castellini’s leadership in the legal field, Trusts and Estates Lawyers provides annual scholarships to female or female-identifying students, including business school students. Applicants must demonstrate strong leadership skills and have at least a 3.0 GPA.
Official website: Trusts and Estates Lawyers
The UDC offers this scholarship to women who are pursuing a degree in business administration, computer science, home economics, nutrition, or nursing. Applicants must have at least a 3.0 GPA.
Official website: Walter Reed Smith Scholarship
Scholarships for student with disabilities studying business majors
Welcoming underrepresented individuals into the workspace, such as people with disabilities, is a great way to create a more inclusive work environment for all. Employees who have lived with disabilities often bring a fresh and unique perspective, while contributing just as much as other employees. In addition to reaching out to local organizations, check out these great scholarships for business students with disabilities:
The American Council of the Blind (ACB) provides this scholarship to legally blind individuals who are pursuing an undergraduate degree in business, computer science, or information technology. Applicants should have a strong background of community service.
Scholarship amount: $2,000-$7,500
Official website: American Council of the Blind
This $10,000 award is granted to students with visible or non-visible disabilities pursuing a degree in business, commerce, computer science, engineering, math, physics, statistics, or a related discipline. This scholarship is open to both undergraduate and graduate students.
Scholarship amount: $10,000
Official website: BMO Capital Markets Lime Connect Equity Through Education Scholarship
Earning a degree in business is the first stepping stone to entering a career in any business-related field. Whether you want to earn a comfortable salary, create an industry-disrupting business, or start and run a social change organization, this could be the path for you. With scholarships and careful financial planning, you can earn your degree and pursue your dreams without the burden of student loans.
Frequently asked questions
Are scholarships for business majors widely available?
There are hundreds of private scholarships for business majors available. Because business is an umbrella for accounting, human resources, sales, and other areas of specialization, it’s also easy to find even more scholarships based on your specific discipline.
How much does a business degree cost?
According to the Education Data Initiative, the average cost of a 4-year degree is $142,880 and $114,300 for a doctoral-level degree. The average cost of a MBA program is $66,300.
Where can I find scholarships for business majors?
Beginning your scholarship search can seem overwhelming and confusing. A great place to start is the Degree Choices scholarship database or an online search. There are other similar scholarship websites also worth visiting, like Cappex, Fastweb, and Petersons. Your high school guidance counselor or university’s financial aid office is also skilled at connecting students with financial aid, including local scholarships.
How can I save money on my business degree?
Scholarships and grants are the best way to fund your education, because they provide free money that doesn’t need to be paid back. If you need additional financial aid, you can complete the FAFSA to find out your eligibility for federal student loans.
More business scholarships
Asian Pacific Fund Scholarship
Asian Pacific Fund
Amount: $1,000 – $5,000
Deadline: ongoing
Jane M. Klausman Women in Business Scholarships
Zonta International Foundation
Not Renewable
Amount: $2,000 – $8,000
Deadline: 8/15
Women in Defense-Michigan Scholarship
Women In Defense Michigan
Not Renewable
Amount: Varies
Deadline: 3/12
Fukunaga Scholarship Foundation
Fukunaga Scholarship Foundation
Amount: $5,000+
Deadline: ongoing
American Association of Blacks in Energy Scholarships
American Association of Blacks in Energy
Not Renewable
Amount: Varies
Deadline: 3/21
Florida Bankers Educational Foundation (FBEF) Scholarship/Loan
Florida Bankers Educational Foundation
Not Renewable
Amount: $1,000 – $5,000
Deadline: ongoing
Merchants Exchange Scholarship Fund
Merchants Exchange Scholarship Fund
Not Renewable
Amount: $250 – $2,500
Deadline: 5/31
North American Van Lines 2021 Logistics Scholarship Competition
North American Van Lines
Not Renewable
Amount: $1,000+
Deadline: 12/15
$2,000 PixelPlex Bi-Annual Scholarship
PixelPlex
Not Renewable
Amount: $2,000+
Deadline: 6/5
Charleston Rotary Club Scholarship
Greater Kanawha Valley Foundation
Renewable
Amount: Varies
Deadline: 2/1
National Association of Water Companies – New Jersey Chapter – Scholarship Program
National Association of Water Companies-New Jersey Chapter
Not Renewable
Amount: $5,000+
Deadline: 5/1
Homer V. Thompson, W4CWV, and Annette P. Thompson, W4LKM, Memorial Scholarship Endowed
ARRL Foundation Inc.
Not Renewable
Amount: $1,500+
Deadline: 12/31
Jack and Jo Dammann National Scholarship
American Welding Society
Not Renewable
Amount: $5,000+
Deadline: 3/1
Julia Kiene Fellowship
Women’s International Network of Utility Professionals
Not Renewable
Amount: $2,000+
Deadline: 5/1
Louisan Mamer Fellowship
Women’s International Network of Utility Professionals
Not Renewable
Amount: $500+
Deadline: 5/1
Lyle Mamer Fellowship
Women’s International Network of Utility Professionals
Not Renewable
Amount: $1,000+
Deadline: 5/1
Ray and Sandy Shook Scholarship
American Welding Society
Not Renewable
Amount: Varies
Deadline: 3/1
Richard J. Seif Technical Sales and Marketing Scholarship
American Welding Society
Not Renewable
Amount: $3,000+
Deadline: 3/1
Shenandoah Valley Amateur Radio Club Scholarship
ARRL Foundation Inc.
Not Renewable
Amount: $1,000+
Deadline: 12/31
Walter Gallinghouse, K5DSL, Scholarship
ARRL Foundation Inc.
Not Renewable
Amount: $1,000+
Deadline: 12/31