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MBA funding and scholarships

Choosing to pursue an MBA is one of the most important decisions you will make and is a substantial investment in yourself.

Many of our students fund their studies through multiple funding sources. We offer a wide range of awards, including a number of full scholarships to the most talented applicants. We’ve also provided information about the different financing options available to you.

MBA scholarships

Imperial College Business School is pleased to offer significant scholarship funding to our most talented applicants. We’re also proud to offer a wide range of awards that support diversity. Self-funded candidates are automatically considered for all scholarship schemes as long as they meet the eligibility criteria, entry requirements, and application deadlines.

2024 scholarships and awards for all MBA programmes

Amount

50% of the tuition fee

Summary

Imperial College Business School is proud to be a global organisation with students from all over the world. Currently, students from Black or mixed black backgrounds are underrepresented in our student cohort and we're working to improve this. To encourage this further, we are offering scholarships to students from Black or mixed black backgrounds from all regions, who can demonstrate their leadership potential and want to make a positive contribution to the Imperial community.

Eligibility

The Black Future Leader Award is available to applicants demonstrating an outstanding track record of leadership and/or leadership potential. Self-identification of ethnicity from a Black or mixed background (including Black African or Black Caribbean and any other mixed black background) is also a requirement.

How to apply

Candidates who submit their application by the required deadline and receive an offer for the programme will be eligible to apply for this scholarship. You will be required to submit a video assessment - further details will be communicated once you have received an offer for the programme.

Requirements

  • An excellent academic background
  • An excellent track record of professional achievement
  • A strong track record of leadership and/or leadership potential (this may include during your studies, work experience and internships, and/or within your community)
  • The overall strength of your application and interview performance, including references

Deadlines

  • Weekend MBA: 30 October 2023
  • Executive MBA: 16 October 2023
  • Full-Time MBA September 2024 intake: 18 March 2024
  • Global Online MBA September 2024 intake: 7 May 2024

The deadlines for Weekend MBA and Executive MBA have now passed.

Amount

£20,000: Global Online MBA and Weekend MBA

£25,000: Full-Time MBA and Executive MBA

Summary

Our vision is to benefit business and improve society through the power of innovative thinking. We are delighted to offer the Dean's Impact Scholarship to candidates who demonstrate impact and achievement in any of the following five key areas:

  • Entrepreneurship
  • Technology and Innovation
  • Sustainability
  • Social Impact
  • Leadership

Eligibility

All successful applicants are eligible to apply for this award.

How to apply

Candidates who submit their application and receive an offer for the programme will be eligible to apply for this scholarship. A video assessment is required for this scholarship, and details will be communicated once an offer has been made. Awards will be made throughout the admissions cycle but only a limited number are available, so we recommend applying early.

Deadlines

  • Weekend MBA: 30 October 2023
  • Executive MBA: 16 October 2023
  • Full-Time MBA September 2024 intake: 18 March 2024
  • Global Online MBA September 2024 intake: 7 May 2024

The deadlines for Weekend MBA and Executive MBA have now passed.

Amount

Up to £10,000: Weekend MBA

Up to £15,000: Executive MBA

Up to £20,000: Full-Time MBA

Up to 20% of tuition fee: Global Online MBA

Summary and Eligibility

Imperial Excellence Scholarships are available for applicants demonstrating all-round excellence in their application and interview performance.

All successful applicants are eligible to apply for this award.

How to apply

Candidates who submit their application and receive an offer for the programme will be eligible to apply for this scholarship. Awards will be made throughout the admissions cycle but only a limited number are available, so we recommend applying early. Successful candidates will be notified by the Admissions team within two weeks of an offer being made.

Requirements

An excellent application, demonstrating academic merit, strong professional or internship experience, clear career plan, and leadership potential.

Deadlines

  • Executive MBA: 16 October 2023
  • Global Online MBA September 2024 intake: 17 June 2024 
  • Weekend MBA and Full-Time MBA: applicants will be considered throughout the cycle, early application is advised

The deadline for Executive MBA has now passed.

Amount

10% reduction in fees: Executive MBA, Global Online MBA and Weekend MBA

20% reduction in fees: Full-Time MBA

Eligibility

Your Imperial degree opened doors after graduation. Now, find out how an MBA can help open new opportunities to accelerate or pivot your career, with a reduction in your fees. This bursary is available to candidates who have previously been awarded an undergraduate degree or a postgraduate Master’s degree by Imperial College London.

How to apply

Eligible candidates who receive an offer for the programme will automatically receive the bursary as a reduction to their tuition fees.

Requirements

Available to candidates who have previously been awarded an undergraduate degree or a postgraduate Master’s degree by Imperial College London

Deadlines

  • Executive MBA: 8 January 2024
  • Global Online MBA September 2024 intake: 17 June 2024
  • Weekend MBA and Full-Time MBA: applicants will be considered throughout the cycle, early application is advised

Programme-specific awards

Amount

Full tuition fee

Summary

The Advisory Board Scholarship has been made available through generous donations from our Advisory Board and aims to provide the opportunity and means for exceptional candidates to enrol on the Full-Time MBA programme.

Eligibility

To apply for one of these scholarships you must be a self-funded student who demonstrates exceptional academic merit and/or potential, and financial need that shows the inability to otherwise enrol on the Full-Time MBA.

How to apply

If you submit your application for the Full-Time MBA programme in admissions rounds 1-2 and receive an offer for the programme, you will be eligible to apply for this scholarship. You will be required to complete a video assessment - details will be communicated if you receive an offer for the programme.

Requirements

  • A very strong academic background and an excellent track record of professional achievement
  • A high and well-balanced GMAT/GRE score
  • Your performance during the admissions process, where academic and professional merit will be considered
  • Your professional references
  • Your video submission

Deadline

15 January 2024

Amount

Up to 50% of the tuition fee

Summary

We are proud to be a global organisation with students from all over the world. To encourage this further, we are offering scholarships to African students who we believe will contribute to the Imperial community.

Eligibility

Applicants who are residents in one of the 54 African countries (as defined by the United Nations) will automatically be considered.

How to apply

If you submit your application for the Full-Time MBA before the final admissions round deadline and receive an offer for the programme, you will automatically be considered for this scholarship. Awards will be made throughout the admissions cycle but only a limited number are available, so we recommend applying early. Successful candidates will be notified by the Admissions team within two weeks of an offer being made.

Requirements

A strong overall application with excellent academic background, career potential, references, and personal statement.

Deadline

Awarded throughout the cycle. Early application is advised.

Amount

Up to 50% of the tuition fee

Summary

Imperial College Business School is a proud sponsor of the Forté Foundation, a non-profit organisation that champions women’s progression within business through access to education. We are pleased to offer Forté Fellowships to outstanding female students joining the Full-Time MBA.

In addition to the financial support provided, Forté Fellows have access to a number of unique resources from Forté Foundation including participation in their annual conference, exclusive networking groups, free lifetime premium membership and more.

Eligibility

Fellowships are open to all female applicants applying to the programme.

How to apply

If you submit your application for the Full-Time MBA in admissions rounds 1-2 and receive an offer for the programme, you will be eligible to apply for this scholarship. You will be required to complete a video assessment - details will be communicated if you receive an offer for the programme.

Requirements

  • A demonstrable track record of leadership in your field
  • Commitment to Forté’s mission of launching women into fulfilling, significant careers through access to business education, opportunities, and a community of successful women
  • The information supplied in your original application to the programme, including a strong academic background, and an excellent track record of professional achievement
  • A high and well-balanced GMAT score
  • Your performance during the admissions process, where academic and professional merit will be considered
  • Your professional references

Deadline

15 January 2024

Amount

Up to 50% of the tuition fee

Summary

We are proud to be a global organisation with students from all over the world. To ensure we continue to be a truly global organisation, we are offering scholarships to Latin American students who we believe would contribute to the Imperial community.

Eligibility

Applicants who are resident in one of the 21 Latin American countries (as defined by the United Nations) will automatically be considered.

How to apply

Candidates who submit their application for the Full-Time MBA before the final admissions round deadline and receive an offer for the programme will automatically be considered for this scholarship.

Awards will be made throughout the admissions cycle but only a limited number are available, so we recommend applying early. Successful candidates will be notified by the Admissions team within two weeks of an offer being made.

Requirements

A strong overall application with excellent academic background, career potential, references and personal statement.

Deadline

Awarded throughout the cycle. Early application is advised.

Amount

£20,000

Summary

Imperial College Business School is a proud partner of Reaching Out MBA, a non-profit organisation dedicated to educating, inspiring, and connecting the LGBTQ+ MBA community to impact change in the workplace and create the next generation of ‘out’ leaders. Imperial joins over 50 top global business schools and more than 90 corporate partners in supporting ROMBA’s mission to lead the way to equality in business education, in the workplace and throughout society.

In addition to the financial support provided, ROMBA fellows have access to exclusive opportunities including a fellowship leadership retreat, free registration for ROMBA events, and access to networking and professional development opportunities.

As a recipient of this award, you will take on a role in the leadership team of the LGBTQ+ Careers Club and represent the School as part of the Student Ambassador Scheme. You’ll play a particular role in initiatives to encourage LGBTQ+ participation in MBA education and champion equality within Imperial and beyond.

Eligibility

All successful applicants to the Full-Time MBA programme are eligible to apply for this award.

How to apply

If you submit your application for the Full-Time MBA in admissions rounds 1-3 and receive an offer for the programme, you will be eligible to apply for this scholarship. You will be required to complete a video assessment - details will be communicated if you receive an offer for the programme.

Requirements

  • A demonstrable track record of leadership in the LGBTQ+ community
  • Commitment to ROMBA’s mission to lead the way to equality in business education, in the workplace and throughout society
  • The information supplied in your original application to the programme, including a strong academic and professional background
  • Your performance during the admissions process, where academic and professional merit will be considered
  • Your professional references

Deadline

18 March 2024

Amount

£50,000

Summary

The Sainsbury Management Fellowship scheme, funded by the Gatsby Charitable Foundation, supports engineers of high career potential to undertake full-time MBA courses at one of fourteen approved international business schools. The core aim of this prestigious scheme is to improve the economic performance of UK businesses, by providing a resource of highly motivated engineers with business skills.

Eligibility

To be eligible you need to meet certain criteria, including having a first degree in an engineering, allied technology, or science discipline. Applicants must have the right to work and live in the UK. Please see the criteria listed here.

How to apply

Applications for the scheme can be submitted at any time, and interviews will be held in early May 2024. Full information regarding the application process can be found on The Royal Academy of Engineering website.

Deadline

11 April 2024

“Part of my MBA was generously funded by the Forté Foundation. I knew for some time I wanted to get an MBA, so I was researching and applying to schools quite early in the autumn before the programme. By doing so, there were many scholarship deadlines that I could meet, and I would encourage anyone applying to programmes to keep that in mind.”
Olivia Xu
Full-Time MBA 2021
Hear more from Olivia

Financing your MBA

Many of our students fund their studies through multiple funding sources, combining personal resources with education loans and scholarships. We have listed some of the options for you below.

Funding options

If you are a UK or EU student who meets certain criteria, you can apply for the  Postgraduate Master's Loan from the UK government. See the gov.uk website for more information.

The US Federal Loans Scheme allows various different types of loans to assist students with the cost of their studies.

Lendwise  is a specialist loan provider dedicated to education finance for UK residents who are looking to fund their postgraduate studies at top universities.

Individual banks, building societies and other lenders offer study loans.

Prodigy Finance is a loan provider for international postgraduate students at the world’s top business schools. The Prodigy Finance loan is available to full time students. You will be eligible to apply for the Prodigy Finance loan once you have a firm offer from us.

Some of our students are either wholly or partly sponsored by their employers. To gain the support of your employer to sponsor your MBA studies, it’s important to build a strong business case that demonstrates how the programme can help you and your organisation.

You need to persuade your employer that funding your education would be a good business investment.

Top tips:

  • Clarify your career goals Identify your company policy
  • Speak to colleagues who have been sponsored
  • Decide on the kind of sponsorship you want from your employer
  • Invite your employer to find out more about the programme

There are several externally funded scholarship options available to Full-Time MBA students including The Chevening scholarship. You can find details of further non-Imperial scholarships here.

You should consider what personal resources are available to you and evaluate your income, assets and your lifestyle expenses. Personal resources reduce your dependency on loans and other financing options.

For UK residents, for further information on financial assistance to support your learning, please visit gov.uk or contact 0800 100 900.

If you have completed the Mergers & Acquisitions or Private Equity programmes offered by Imperial Executive Education within the last three years, you can have your certificate accredited towards a Global Online MBA. If credited, this will replace one elective module option. You will be entitled to a discount of 5% (stackable to a maximum of 10%) applied to the Global Online MBA fees.

This is subject to successful completion of the programme with a pass and admission to the Global Online MBA programme via the standard admission process. Successful completion of the Executive Education programme does not guarantee admission to the Global Online MBA.

Our scholarship blogs

Daniel Rubio Sanchez 
Scholarship blog

My MBA journey: securing the Dean's Impact Scholarship

Daniel Rubio Sanchez, a Global Online MBA student shares his experience securing the Dean's Impact Scholarship, delving into its personal significance and offering practical advice for prospective students.

Read more
Mishaal Majeed
Scholarship blog

Unlocking opportunities: achieving Imperial’s Africa Regional Scholarship

Mishaal Majeed, MSc International Health Management student (now Global Health Management) shares her experience achieving the Africa Regional scholarship, what it means to her and her advice for prospective students.

Read more
Giovanni Sobrero
Scholarship blog

What achieving the Sainsbury Management Fellowship means to me

Giovanni Sobrero, a Full-Time Management student shares his experience achieving the Sainsbury Management Fellowship scheme, what it means to him and his advice for prospective students. 

Read more
View all Scholarship blogs

If you are offered an Imperial College Business School scholarship and are subsequently offered a larger award by us, the larger one would supersede the first award and would not be in addition to it. Scholarships awarded by Imperial College Business School are in the form of a reduction of the tuition fee. Therefore, if you receive another scholarship that pays the full tuition fee directly to the College, you cannot also receive a scholarship from the Business School.

Nothing on this website is or shall be deemed to constitute, financial advice or a recommendation or endorsement in respect of any financial product.  You should always check the suitability of the product that is of interest to you. If you are in any doubt as to its suitability, we suggest that you seek independent professional advice.  Apart from certain circumstances, deposits are not refundable if you fail to take up your place in the programme. You can find out if you qualify for a refund and the process for requesting a refund on the College’s postgraduate deposit information page.