Top 6 Scholarships for Business Students: Choose the Right One for You

Hrvoje Š.
9 Min Read
Photo: Pixabay

As you pursue your academic dreams, you may need financial support to ease the burden and allow you to remain focused on your education. It is common knowledge that college tuition fees and other expenses might be too much to bear. Business scholarships for college students are designed to help you accomplish your dreams without worrying about the financial obligations associated with it.

Scholarships for business students continue to gain popularity since they continue to support talented students from diverse backgrounds to achieve their goals. Numerous institutions, organizations, and programs cover international business students who want to pursue their education in the United States. I will highlight the top scholarships and grants that you could apply for in 2023 based on your eligibility.

The 6 Top Business Scholarships for College Students in the USA in 2023

  1. The GE-Reagan Foundation Scholarship Program: It is one of the most popular programs in the United States for business students. One of the key qualifications is being a high-school student who has demonstrated outstanding leadership skills and a dedication to community service. You should also ensure you maintain a minimum GPA of 3.0. If you succeed, the scholarship will award you up to $40000 over the 4 years.
  2. The Coca-Cola Scholars Program Scholarship: It is another top scholarship for business students that is merit-based. The award targets learners in high school who have made a name in leadership and positively impacted the community. The scholarship supports 150 students annually, advancing approximately $20,000. Additionally, there are other numerous grants by the Coca-Cola Scholars Foundation that target over 1400 exceptional students in colleges.
  3. The National Merit Scholarship Corporation: This is one of the top business scholarships that you could apply for in 2023. The scholarships under this program are funded by different organizations and independent organizations. Corporations that contribute to this program seek to acknowledge learners who have shown exceptional leadership skills, create a culture of loyalty, promote positive relationships, and identify undergraduate students who would qualify for internships or become full-time employees. For learning institutions, the program helps them to attract and retain learners who are highly talented in academic work and exhibit strong leadership qualities.
  4. Harvard MBA Scholarship: Harvard University has an elaborate financial aid system that is offered based on the needs of the learner. graduate students majoring in business are eligible to apply for financial aid, which will be awarded based on the needs of the students. The programs cover both international and domestic students. You may receive up to 100% funding based on the major you are pursuing.
  5. The Business Leaders of Tomorrow Scholarship: This is another reputable scholarship program for students aspiring to join a business school. The program targets United States citizens who are college freshmen, sophomores, and juniors. To be eligible, you must be between 17 to 24 years. If you succeed in winning the award, you might receive up to $2000. If you are pursuing a business management, business administration, or any other business major, you can apply for the scholarship. Remember, you must clearly demonstrate your vision as an entrepreneur, to show how it aligns with the program’s vision.
  6. The Forté Foundation Scholarships: The scholarship program is among the top in the United States and aims at promoting women in business.  The program is reputable for its commitment to helping learners with exceptional leadership skills from diverse backgrounds. In addition to receiving the awards, being a Forte fellow allows students to access and build networks with other beneficiaries and leading companies that could offer leadership and management opportunities.

Tips to Writing Winning Essays for Scholarships for Business Students

writing an essay for scholarship
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In some cases, you will be required to write a scholarship essay. Many students perceive the Scholarship essay writing process as daunting and challenging, hindering their dream to win an award. While the essay should be exceptional to stand out, you shouldn’t be discouraged from trying your luck. Here is a guide to writing a highly appealing scholarship essay.

  • Outline: One of the key elements that will help you in writing an outstanding essay is an outline. It helps you to plan your paper and identify what to write and where to write it. It guides you throughout the writing process, making it easy and enjoyable.
  • Brainstorm: You have to put your ideas in logically and coherently to keep your readers hooked from start to finish. Unlike other essays, a scholarship essay seeks to convince your readers that you are the best candidate for the scholarships for business students. You should therefore identify the main highlights in your life to include in your essay and which one will not add any value.
  • Introduction: Once you have your ideas in order, create an appealing introduction that is interesting to read. A team of academic experts from scholarship essay writing service CustomWritings emphasize the need to write an introduction that sets your essay aside. Bear in mind that the reviewers process tons of essays from other applicants. Therefore, plan adequately to ensure that your introduction remains captivating from the onset.
  • Body paragraphs: This is where you help your readers get the information they are looking for. Before you begin writing this section, always ask yourself why you believe you are the best-suited candidate to win the scholarship. By answering this question, you will understand how your essay portrays you to your readers. Remain concise and precise and don’t add irrelevant information. Include those highlights in your life that paint a picture to the readers of why you should win the scholarship. You can also show them your vision of post-graduation because you will partake.
  • Conclusion: If your readers have read your admission essay to this point, you should focus on leaving a lasting impression. Just like any other type of essay, the conclusion should provide a summary of the key points you have discussed. In your scholarship essay, make sure you emphasize the reason you should be considered for the scholarship. Let the readers take away the strong points that show why you are the best candidate.

Wrapping up

If you are passionate about business and leadership, a highly talented scholar, and a visionary student but face financial challenges to pursue your dream course, you should explore the above scholarship programs that are there for you. They are among the best programs in the United States of America for 2023. In case you are required to write essays for consideration, use the hints above to elevate them above those of other applicants. Writing scholarship essays shouldn’t be so challenging for you if you have the right skills. In case you aren’t confident enough, you can seek professional assistance.

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