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MBA Scholarships - Minority Students

NSHMBA (The National Society of Hispanic MBAs ) Scholarship Program

Criteria

  • Students of Hispanic heritage
  • Students can be full-time or part-time students.
  • Full-time student applicants must have at least a GPA score of 3.0 for their bachelor's or master's degree or a minimum 2.75 GPA bachelor's degree combined with two years of work experience.
  • Part-time student applicants must have a 3.0 GPA score in their current degree program.

Amount: $2,500 to $10,000.

Contact


NSHMBA Scholarship Program
Scholarship Management Services
One Scholarship Way
Saint Peter, MN 56082
(507) 931-1682
nshmba.org

NBMBAA (National Black MBA Association ) Graduate Scholarship Program

Criteria

  • Top 25 applicants. 
  • Based on evaluation of recent
    grade point average, resume, transcripts, verbal communication skills,
    extracurricular activities and community service.
  • Must be enrolled as full-time students in an accredited graduate business program in the United Stated or Canada
  • Agree to participate in public relations activities of the association
  • Agree to become active members of the association's local chapter and join the NBMBAA Scholarship Advisory Team and Scholarship Alumni Club. 

Note: The competition consists of writing a two-page essay based on a chosen topic

Amount: Up to $15,000 per year

Contact

National Black MBA Association Inc.
Graduate Scholarship Program
180 N. Michigan Ave., Suite 1400
Chicago, IL 60601
(312) 236-2622
nbmbaa.org

The Toigo Fellowship

Criteria

  • Minority students seeking MBA degrees and planning to enter the world of finance.
  • Applicants are nominated by their business school.
  • U.S. citizens or permanent residents of African American, Asian American/Pacific Islander, Hispanic, Native American and Alaska Native descents. 
  • Applicant must be enrolled in an MBA, JD/MBA, master's of real estate or master's in finance program with a career in finance following graduation.


Note: Application Evaluation Based on online application, a letter of recommendation, GMAT scores, a current resume and your undergraduate transcripts.

Amount: $5,000

Condition: You must attend a one-week orientation on receiving the amount.

The Robert Toigo Foundation
180 Grand Ave., Suite 900
Oakland, CA 94612
(510) 763-5771
toigofoundation.org

About the Author 

Atul Jose

I am Atul Jose, Founding Consultant of F1GMAT, an MBA admissions consultancy that has worked with applicants since 2009.

 

For the past 15 years I have edited the application files of admits to the M7 programs: Harvard Business School, Stanford Graduate School of Business, the Wharton School, MIT Sloan, Chicago Booth, Kellogg School of Management, and Columbia Business School, together with admits to Berkeley Haas, Yale School of Management, NYU Stern, Michigan Ross, Duke Fuqua, Darden, Tuck, IMD, London Business School, INSEAD, SDA Bocconi, IESE Business School, HEC Paris, McCombs, and Tepper, plus other programs inside the global top 30.

 

My work covers the full MBA application deliverable: career planning and profile evaluation, application essay editing, recommendation letter editing, mock interviews and interview preparation, scholarship and fellowship essay editing, and cover letter editing for funding applications. Full bio with credentials and admit history is here.

 

I am the author of the Winning MBA Essay Guide, the best-selling essay guide covering M7 MBA programs. I have written and updated the guide annually since 2013, which makes the 2026 edition the thirteenth.

 

The reason I still write and edit essays every cycle: a good MBA essay carries a real applicant's voice. Writing essays for F1GMAT's Books and Editing essays weekly is how I stay calibrated to what current admissions committees respond to.

 

Contact me for school selection, career planning, essay strategy, narrative development, essay editing, interview preparation, scholarship essay editing, or guidance documents for recommendation letters.