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.

Online MBA Scholarships and Financial Aid - Here’s What You Need to Know!

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.

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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

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Online 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.

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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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List of MBA colleges

Christ University, Bangalore

Indian Institute of Management Bangalore

Indira Gandhi National Open University, New Delhi

Amity University, Mumbai

Institute of Management Studies, Devi Ahilya University, Indore

Faculty of Management Studies, University of Delhi, Delhi

Bharathidasan Institute of Management, Tiruchirappalli

BK School of Business Management, Gujarat University, Ahmedabad

Department of Management Sciences, Savitribai Phule Pune University, Pune

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Questions related to MBA

Have a question related to MBA ?

Does MBA online course degree available in mazharul uloom college? I wanted to know about MBA fees structure and the college timings and working days and the facilities available

Mazharul Uloom College offers a full-time, on-campus MBA program but does not provide an online MBA. The MBA fee is estimated to be around 1.5 to 1.7 lakh for the full two-year course, excluding hostel and other charges.

College timings are typically from 9 AM to 5 PM, Monday to Saturday, with Sunday off. Facilities include smart classrooms, library, computer labs with internet, sports ground, gym, and hostel. The campus also supports placements and skill development.

Read Complete Answer

OISHEE BANERJEE 12 July,2025

I scored 11400 in my tg icet exam. Is there any website where I can see the cut-off's for all colleges which have mba programme

Hi dear candidate,

The cut off for MBA colleges for this year is not completely available as admissions are still going on however, the previous year cut off for MBA is available by which you can have an idea about the cut off as it should fall somewhere around previous year cut off.

Visit our official website for previous year cut off:

MAT 2025 Cutoff - Check Previous Year Cutoff Trends for Top MBA Colleges

BEST REGARDS

Read Complete Answer

Aryan 10 July,2025

What is fees structure for mba

Hello,here are general figure for :

Top IIMs such as IIM Ahmedabad, Bangalore, and Calcutta have fees ranging from 23 to 30 lakh rupees.

Newer IIMs have fees between 12 and 18 lakh rupees.

Government universities like FMS Delhi and BHU charge between 1 and 3 lakh rupees.

Private universities have fees ranging from 10 to 24 lakh rupees.

State government and tier two colleges typically charge between 1 and 5 lakh rupees.

Hostel and other additional costs are usually between 50 thousand and 1.5 lakh rupees per year.

Note: these are just general figure ranges ,if you want accurate fee structure I suggest you to check you prefered Institute fee structure on their Official portal Or contact them.

Read Complete Answer

Abhi sonkar 09 July,2025

Can anyone share their experience about campus life at Galgotias University for MBA students?

From my research and from what some students shared online the campus is nice and clean, and the environment is also friendly. For MBA, they offer specializations like Marketing, HR, Finance, etc. The faculty and infrastructure is also very good but you have to do more hardwork to get placed here. Some students said they got placed in good companies while some said they didn't.The average package here is 3 to 4 lakhs Per annum.

So, overall it's a decent college. This information is just based on my research , I am not a student there.

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Simran Vohra 10 July,2025

After completing my Diploma and gaining four years work experience, I can pursue MBA?

Hello Pragyan

So you have done Diploma and have a work experience of 4 years which is great. But unfortunately, doing MBA requires an undergraduate degree (of minimum 3 years) from a recognized university. Diploma holders are not eligible for regular MBA.

But there are some alternatives routes which you can take if you wanna do MBA which are:
1. Lateral Entry: You can apply for lateral entries in colleges for B.Tech/B.E. if you have done your diploma in engineering/technology field. So you will be in 2nd year and after completing the degree (which will take 3 years as you will be lateral), you could pursue MBA.
2. Distance/Online MBA: Some private institutions offer Distance/Online MBA but be aware that many of them are not recognized by UGC/AICTE.
3. Degree: You could also pursue a 3 year degree in BBA/BA/B.Com/ whichever stream you are interested in.

If you would really want to pursue MBA, my personal recommendation would be go for a lateral entry or New degree as per your convenience as both will take 3 years. Or if you just want the skills taught in MBA, you can gain them by doing certificates/courses uploaded by IIMs and other professional institutes/individuals like Coursera and Udemy.

Thank You!!!

Read Complete Answer

Yash Teotia 07 July,2025

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