Setting an alternative route

Want to study an MBA but don’t want to spend thousands of dollars in tuition fees? there are several ways you can get a degree or take MBA courses at no cost.

- Vibha Singh

Do you really need to go to a fancy B-School and spend lakhs of rupees to get an MBA? What if you reframed the problem and decided to get the education needed (without the degree and the fat fee paid to a B-school) – would employers accept that?

Here’s a person who has done just that. Laurie Pickard’s website The No-Pay MBA and book Don’t Pay for Your MBA: The Faster, Cheaper, Better Way to Get the Business Education You Need. In these resources, Pickard describes the process of how she used massive open online courses to cobble together a business education while living overseas as an international development worker.

Free MBA Programs, there are actually some business schools that offers tuition-free accredited MBA programs and Full tuition scholarships. A number of U.S. business schools grant scholarships that cover up to 100% of tuition fees. There are typically two types of scholarships awarded under various criteria: need-based scholarships for students who need financial aid to fund their business studies and merit-based scholarships for students based on either gender, nationality, high GMAT score, leadership potential...

The Woodrow Wilson MBA Fellowship in Education Leadership scholarship is aimed at professors and those who want to work for U.S. schools. Students receive a stipend that cover full MBA tuition fees as well as other expenses. If you are a resident from one of the 48 least developed countries (as listed by the UN), the Kofi Annan Business Schools Foundation may help you with a full remission of tuition fees as well as a stipend that covers monthly living expenses to study with partner schools in Europe.