M7 MBA scholarships at Harvard, Wharton, Stanford & more

M7 MBA schools are the elite of the elite in business education, renowned for their rigorous programs and influential alumni networks.

Pursuing an M7 MBA can be transformative, offering a top-quality education and lifelong association with a prestigious institution. However, achieving such a high return on investment understandably comes with a substantial cost.

An M7 MBA school, such as Harvard, Wharton, or Stanford, could position you at the pinnacle of the business world, with the Wharton MBA currently ranking as the best MBA in the world.

An MBA scholarship, can support access to such an elite education. Offering generous financial support, specialized courses, and unique networking opportunities, M7 scholarships aim to mold the next generation of business leaders and social innovators.

Here are some of the top M7 MBA scholarships on offer at these business schools:

Stanford MBA scholarships

1. Knight-Hennessy scholarship

One of the most highly esteemed awards for Stanford graduate students, the Knight-Hennessy Scholarship at Stanford University is dedicated to developing a wide network of leaders who are prepared to tackle complex global issues. 

Beyond financial aid, Knight-Hennessy scholars receive three years of leadership training through the King Global Leadership Program (KGLP), which offers workshops, lectures, projects, and experiences designed to equip you with impactful leadership skills.

Out of over 8,000 applications, only 82 scholars were selected in 2025, making this one of the most competitive programs at Stanford. 

To catch the attention of the admissions team, you’ll need more than an exceptional academic profile. The three key principles that all Knight-Hennessy scholars share are independence of thought, purposeful leadership, and a civic mindset.

Click here to read about the jobs and salaries you could earn after an MBA at Stanford.

Wharton MBA Scholarships

2. Wharton Fellowship Program

The Wharton Fellowship Program opens doors to one of the best MBA programs in the world, according to the Financial Times. 

The two-year fellowship covers MBA tuition and fees, split equally over four semesters. All admitted students are automatically considered for this two-year MBA fellowship, which looks for candidates with unique personal qualities, strong academic records, exceptional professional development, and active community involvement.

Read here to find out the jobs you could land and the salary you could earn with an MBA from Wharton.

Harvard MBA Scholarships

3. RISE Fellowship

Harvard Business School, home to the world’s oldest MBA program, awards the prestigious Recognizing Individuals Seeking Equity (RISE) Fellowship to up to 20 exceptional students each year. 

Valued at $10,000, this fellowship supports MBA students committed to serving under-resourced communities in the US, through community engagement, advocacy, action, and impact.

The highly competitive fellowship connects top students with a supportive network and provides them with access to Harvard's extensive alumni community.

Find our breakdown of the Harvard MBA class of 2027 here.

Columbia MBA Scholarships

4. Feldberg Fellowship

The Feldberg Fellowship is one of the most prestigious awards at Columbia Business School. Fellows demonstrate exceptional academic and leadership skills and receive full tuition coverage.

Through the fellowship, candidates gain access to an enriching and diverse network of entrepreneurs, finance professionals, and leaders in social impact.

5. Perelman Scholarship Fund

Named after Ronald O. Perelman, chairman and CEO of MacAndrews and Forbes Incorporated, the Perelman Scholarship Fund provides full tuition waivers for Columbia Business School students from underrepresented groups.

Beyond tuition coverage, the scholarship supports a growing network of Perelman Scholarship alumni, creating a strong community of diverse future business leaders.

Read our Columbia Business School application insider here.

Chicago Booth MBA Scholarships

6. Civic Scholars Program

The Edwardson Civic Scholars program offers full tuition coverage to Evening and Weekend MBA applicants, with careers in public or social sectors.

In partnership with the Rustandy Center for Social Sector Innovation, the specialized program ensures students are well-versed in business fundamentals and gain the practical experience necessary to launch careers in the social impact sector.

Find out the jobs and salaries you could secure with an MBA from Chicago Booth here.

Securing a place on an M7 MBA program can open doors to unparalleled career opportunities. With the support of an MBA scholarship, you can fully leverage the benefits of an elite business education.