The Indian School of Business (ISB) offers a wide range of scholarships to support talented professionals from diverse backgrounds. These scholarships are designed to reward academic merit, financial need, professional diversity, and social impact, ensuring that deserving candidates can access a world-class management education.
ISB scholarships are broadly classified into four categories:
- Scholarships Supported by ISB
- Scholarships Supported by Donors
- Scholarships for Graduating ISB Students
- International Scholarships
Below is a detailed breakdown of each category.
- Scholarships Supported by ISB
ISB-funded scholarships primarily focus on merit, diversity, and financial need. Most of these do not require a separate application and are awarded based on the admission profile.
Merit-Based Scholarships
- Prof. Manasa Mandava Memorial Scholarship
Awarded to a high-merit woman candidate. Covers 50% of tuition fees, disbursed in two tranches during the program. - ISB Merit Waiver
Automatically awarded to high-performing applicants. Covers 25% to 100% of tuition fees.
Diversity-Based Scholarships
- ISB Merit by Diversity Waiver
For candidates from diverse academic or professional backgrounds with strong merit. - International Diversity Waiver
For applicants holding an international passport and demonstrating high merit. - AIESEC–ISB Waiver
Available to candidates with AIESEC experience. Requires an essay and proof of association. Covers 25% of tuition fees. - Bridge to India Waiver
For professionals currently working abroad who plan to return to India. Covers 25% of tuition fees. - Armed Forces Scholarship
Honours armed forces personnel with a 50% tuition fee waiver.
Need-Cum-Merit Scholarships
- ISB Need-cum-Merit Waiver (Income up to INR 8 lakhs)
Covers 100% of tuition fees. Requires an essay and income proof. - ISB Need-cum-Merit Waiver (Income INR 8–20 lakhs)
Covers 75% of tuition fees, subject to documentation.
- Scholarships Supported by Donors
Several ISB alumni and corporate donors fund scholarships based on merit, need, or diversity.
Merit-Based Donor Scholarships
- Bajaj Auto Scholarship – 100% tuition waiver for top merit candidates
- Taparia Family Scholarship – Full tuition waiver worth INR 25.62 lakhs
- Deepak Parayanken Tuition Waiver – Scholarship amount of INR 15 lakhs, with at least one award reserved for women
- Alumni Endowment Fund Tuition Waiver – Covers 25% of tuition fees
Need & Diversity-Based Donor Scholarships
- Anonymous Donor Need-cum-Merit Scholarships – Covers 25% to 100% of tuition fees
- Ramesh C. Khanna Nurture India Scholarship – For students who are sole earning members of their family
- Ishwar Prakash Agarwal Scholarship – For differently-abled candidates or women returning to work after a career break
- Visiting Faculty Scholarship – Awarded to one international student annually
Most donor scholarships do not require a separate application unless explicitly stated.
- Scholarships for Graduating ISB Students
- ISB Develop India Scholarship
Designed for graduating students pursuing careers in social impact startups, NGOs, development sectors, or public service. The scholarship supports loan EMIs for up to 24 months and is paid directly to the student’s loan account.
- International Scholarships at ISB
ISB also offers scholarships specifically for international applicants:
- ISB Merit Waivers – 25% to 100% tuition fee waiver for non-Indian origin applicants
- ISB–AIESEC Scholarship – 25% tuition fee waiver for AIESEC alumni
- Bridge to India Scholarship – For Indian passport holders based overseas
- La Caixa & Casa Asia Scholarship – For Spanish nationals
- Talentia Scholarship – For Andalusian applicants
Selection is primarily based on admission merit, essays, and eligibility criteria set by the sponsoring organization.
Important Notes on ISB Scholarships
- All applicants are automatically considered for merit-based scholarships
- Each candidate can receive only one tuition waiver
- Scholarship criteria, amounts, and availability are subject to change at ISB’s discretion
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