M7 MBA Scholarships | 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:

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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 90 scholars were selected in 2023, 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 notable Stanford MBA graduates.

Wharton MBA Scholarships

2. Wharton Fellowship Program

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

The two-year fellowship covers MBA tuition and fees, and enables students to access immersive learning opportunities, such as the Leadership Ventures and Global Modular courses. These are courses which are not included in the standard MBA tuition. By offsetting the cost of attendance, the fellowship ensures recipients can participate in these valuable opportunities.

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 the How Much Does The Wharton MBA Cost?

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 ten exceptional students each year. 

Valued at $10,000, this fellowship supports MBA students committed to serving marginalized communities of color in the US, both during and after their studies.

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

Read the Harvard MBA Application Insider: Requirements, Acceptance Rate And Essays.

Columbia MBA Scholarships

4. Feldberg Fellowship

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 about Columbia Business School’s notable alumni.

Chicago Booth MBA Scholarships

6. Civic Scholars Program

If you’re currently working for a 501(c) nonprofit or the government, you may be eligible for a full MBA tuition waiver through the Civic Scholars Program at Chicago Booth.

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

Click here for our Chicago Booth Application Insider.

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.