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Online MBA Scholarships and Financial Aid - Here’s What You Need to Know!
Edited By Arushi Pandita | Updated on May 26, 2025 12:38 PM IST | #MBA
Online MBA programmes are more affordable than regular ones. The fee of online MBA courses in India range from Rs 50,000 to Rs 5 lakhs. In IIMs, the average online MBA fee is Rs 10 lakhs - Rs 20 lakhs.
Several UGC-approved online MBA colleges in India, along with IIMs, offer scholarships and financial aid to help students manage their education costs without financial strain. Although online MBA fees are relatively lower, students still have to cover the costs. Scholarships and financial aid promote academic excellence, making online MBA courses more accessible.
Universities offer various types of online MBA scholarships, including merit-based scholarships, need-based scholarships, and diversity-based scholarships. Beyond scholarships, online MBA financial aid also encourages students to get education without worrying about excessive debt. The online MBA financial aid is offered in terms of educational loans, easy EMI options or installments.
An online MBA equips students with core business and management skills. Students can also gain specialised learning in areas such as entrepreneurship, digital marketing, human resources, and IT. Online MBA offers networking, career guidance, and alumni status, making the programme ideal for working professionals and graduates seeking career advancement.
Types of Online MBA Scholarships
There are several types of scholarships offered by online MBA colleges in India. These online MBA scholarships are available to different categories of students.
Scholarships | Details |
|---|---|
Merit-Based | This scholarship is awarded to students with strong academic records and achievements. |
Need-Based | Provided to those students who come from weaker financial backgrounds. |
Industry-Specific | This type of scholarship is awarded to different categories of students based on industry, including defence personnel and government employees |
Top Colleges Offering Scholarships And Financial Aid for Online MBA
According to the University Grants Commission (UGC) 2022 data, online education saw a 170% rise, with online MBA enrolments reaching 28,956, showcasing a 50% increase from 2020 to 2023. With online MBA fees ranging from Rs 50,000 to Rs 5,00,000, scholarships and financial aid play a vital role in helping students manage costs effectively.
Amity Online MBA Scholarships
| Category | Scholarship Credit | Eligibility Criteria |
|---|---|---|
| Divyaang (persons with special needs) | 20% | Valid certificate of disability as per government norms |
| Defence Personnel | 20% | Minimum 2 years of service in the defence forces with a valid Identity Card number |
| Amity University Alumni | 20% | Amity University UG/PG alumni |
| Merit-Based | Up to 20% | Academic excellence with minimum 85% aggregate in the previous qualification |
| Sports Scholarship (CHAMPS) | 30% - 100% | State, national, or international-level sportspersons with valid affiliation from the respective sports federation. |
Top UGC Approved Colleges for Online MBA
Download this ebook and get all details related to the top UGC approved colleges for Online MBA.
Download List HereOnline Manipal Scholarships For Online MBA
| Category | Scholarship Credit | Eligibility/ Documents |
|---|---|---|
Persons with disabilities | 20% | Divyaang certificate |
Defence personnel | 20% | Personnel / Service / IC number |
Alumni | 20% | UG/PG alumni of Manipal University Jaipur |
Government employees | 10% | Identity card |
Merit ( 80% and above in bachelor's degree) | 10% | Mark sheet |
Amrita Online MBA Scholarships
| Category | Scholarship Credit | Eligibility |
|---|---|---|
Merit | 10% | UG: Above 60% in 12th or equivalent PG: Above 6.0 CGPA or equivalent at UG level Enrolled AHEAD UG/PG: Above 7.5 CGPA |
Defence Personnel | 20% | All in service or retired |
Martyr’s | 20% | Wards of Martyred soldiers |
Sports | 25%-100% | Sports listed under IOC, IOA, AIU, MYAS |
Divyang | 20% | Differently-abled |
Amrita Vidyalayam | 20% | Selection process |
Amrita Alumini | 10% / 20% | CGPA: above 6 / above 7.5 |
Amrita Talent Hunt | 20% | National/International events recognized by the Board |
DY Patil Vidyapeeth Online MBA Scholarships
| Category | Scholarship Credit |
|---|---|
Indian - Defense Differently Abled | 5% |
NMIMS Online provides special incentives to armed forces, defence personnel and their immediate family with a 20 percent concession on the program fee.
With fees varying widely, online MBA scholarships and financial aid help students from weaker financial backgrounds. Top tier institutes such as IIMs, Amity University, and Manipal University Online, among others play a crucial role in making education more accessible and affordable.
Also Read: Top Online MBA Specialisations to Pursue in 2025
How To Maximise Online MBA Scholarships and Financial Aid?
Managing expenses for online MBA students can be challenging. However, with online MBA scholarships and financial aid offered by Indian universities, it is essential for aspiring graduates to know how to maximize these opportunities. The following points outline effective strategies to maximise scholarships and financial aid for online MBA students:
Read Terms And Conditions: Once you have been successfully awarded an online MBA scholarship or online MBA financial aid, make sure to always read the terms and conditions attached to them. Understand the renewal criteria, deadlines, and any academic requirements to ensure continuous support throughout the two-year online MBA curriculum.
Maintain A Good Academic Score: Indian universities prioritise academic merit for scholarships and financial aid. To qualify, students should maintain strong academic performance and stay committed to their curriculum. Consistently excelling in studies increases the chances of receiving financial support from the university.
Check And Monitor: Always stay vigilant of your online MBA scholarship disbursement. Ensure that the funds are credited on time as per the scholarship's terms. Students must maintain records of all the scholarship and financial aid documentation, including disbursement receipts, and should maintain communication with the financial aid officer for financial updates.
Utilise Professional Development Opportunities: Online MBA scholarships and financial aids help students cover additional expenses. The fund can be used on building their professional brand, including attending workshops or conferences that enhance their skills and make them more competitive in their careers.
Popular Colleges Offering Online MBA
Several top colleges in India offer online MBA in different specialisations. Students must visit the official website of their preferred college and enrol in an online MBA programme to fulfil their personal and professional goals. Here is the list of some of the popular online MBA colleges in India.
- Amity Online MBA
- Manipal Online MBA
- SASTRA Online MBA
- BSAU Online MBA
- LPU Online MBA
- Symbiosis Online MBA
- Parul University Online MBA
- Amrita University Online MBA
- Alagappa University Online MBA
- Chandigarh University Online MBA
Online MBA scholarships and financial aid help students continue their education without any financial constraints. By understanding the terms and conditions before applying, students can fully maximise the benefits of online MBA financial aid and scholarships, enabling them to excel in their careers.
Frequently Asked Questions (FAQs)
1. Who can apply for online MBA scholarships?
Anyone who meets academic performance, personal statement, and financial criteria can apply for online MBA scholarships.
2. How can I apply for financial aid in online MBA courses in India?
Students need to visit their preferred university, check all details and meet all the requirements for the online MBA financial aid.
3. Which Indian universities offer scholarships for online MBA in India?
Universities such as Amity University, Manipal University, and Chandigarh University offer scholarships and financial aid. IIMs also provide scholarships to meritorious students.
4. Are education loans available for online MBA programs?
Yes, universities such as IIM Kozhikode provide loan options for students seeking to enrol in an online MBA course.
5. Can working professionals apply for online MBA financial aid?
Yes, working professionals can apply for financial aid options available for online MBA courses. The online MBA financial aid is offered in terms of educational loans, easy EMI options or installments.
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Questions related to MBA
Have a question related to MBA ?
Hello,
If you join a self-finance MBA course , you will not get full fee reimbursement . For SC/ST students, the government gives full fee reimbursement only in regular (non-self-finance) courses .
In self-finance courses, you may get only a partial reimbursement (around Rs. 35,000) and the rest of the fee has to be paid by you.
Since you are SC and a girl with rank 966, you can get admission easily, but full fee reimbursement will apply only if you choose a regular seat, not self-finance .
Hope it helps !
Prachi Kumari 27 August,2025
No, Malla Reddy Engineering College for Women (MRECW), Secunderabad, does not list Business Analytics as a specialization for its MBA program.
the MBA program is offered by them is a general degree.
Good luck..
sadafreen356 26 August,2025
Hello
I suggest you to:
IGNOUBABA
Provides a comprehensive collection of MBA and MBAOL question papers from all semesters. Each subject's paper is available for free download.
University Paper India
Features semester-wise question papers, including subjects like Accounting, Strategic Management, and Consumer Behavior. Each paper is downloadable with a single click.
SEJAL JAIN 24 August,2025
Some of the best options for an online MBA in India are Amity Online University, Amrita University, D.Y. Patil University (DPU-COL), Manipal University Jaipur, NMIMS Global Access, LPU Online, IGNOU, Shoolini University, and Symbiosis Online. These programs are UGC-approved, offer multiple specializations, flexible schedules, and cater to working professionals. Choose based on accreditation, specialization, faculty, and placement support.
Rithwik Kumar Sahu 24 August,2025
Hello,
The PGCET counselling for MBA typically begins after results are announced. While there aren't any specific dates for this counselling, the Karnataka Examination Authority is responsible for this counselling process. So, you can check the official website for further updates about the counselling date and others.
I hope it will clear your query!!
Rahul Mandal 23 August,2025
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