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Regional Funding

Options for MBA Students

Based on your nationality, you may be eligible for specific scholarships and loans. Find out what options might be available by clicking below. As the following list is not exhaustive, we also invite you to further investigate what might be available in your home country.


The State Scholarship Program offers loans to Chinese studying abroad.

  • Contact China Scholarship Council: Address: Level 13, Building A3 No.9 Chegongzhuang Avenue Beijing, P.R.C, 100044, Telephone:+86-10-66093900. For international student affairs email info at

The Bank of China offers loans up to 90% of the total amount of the tuition fees and the living expenses of students and accompanying persons. This loan can be transferred directly to the accounts of overseas branches of Bank of China, to the school (for the payment of tuition fees) and to the student borrower (to help cover their overseas living expenses), according separately on customers' demands.

The Alexandre Yersin Scholarship is offered by the Consulate General of France to six Hong Kong or Macau applicants for master studies in France. Applicants must be 35 years old or below; applicants for the Alexandre Yersin Scholarship have to have been born after 31 December 1978. Those students who hold a citizenship that is half-French, and those already in France may not apply. HEC offers a scholarship to students who take part in our double degree program with Chinese University of Hong Kong (CUHK). This scholarship program will be handled in France by EGIDE. The scholarship includes: 909 allowance per month - paid directly to the applicant by EGIDE - social welfare, public liability and repatriation insurance, help finding accommodation help and a social and cultural activities guide. The scholarship does not include: International airfare between Hong Kong/Macao and France, travel costs within France/the EU, Registration and tuition fees.

The Sir Edward Youde Memorial Fellowships aim at financing outstanding Hong Kong students for overseas postgraduate studies. They are expected to contribute significantly to the development of Hong Kong after graduation. The amount given to the student by the Sir Edward Youde Memorial Fund Council may vary, depending on cost increases and other awards held concurrently by the student. HK$283,000 is the maximum amount for the 2013/14 academic year. Enquiries should be made to the Sir Edward Youde Memorial Fund Council Secretariat, Room 1217, 12/F., Cheung Sha Wan Government Offices, 303 Cheung Sha Wan Road, Kowloon at telephone number 2150 6097 or 2150 6098.

Type of Aid: Loans



The following banks offer loans for study abroad, normally based on the prime lending rate and repayable within 5-7 years: Bank of India, Syndicate Bank, Bank of Punjab, Indian Bank, HSBC India Bank of Maharashtra, Allahabad Bank, University Grants Commission India.

For graduates between 19 to 30 years. Loan Scholarships are offered to Indian Nationals to undertake higher studies abroad for Master's Degree or for Doctoral Courses in Science, Engineering, Humanities, Medicine, Business Administration and other Professional Courses.

  • For more information, please contact: The Offices of the Endowment C/o Graphite India Ltd., 31 Chowringhee Road, Calcutta 700 016 or C/o Carbon Everflow Ltd. "Bakhtawar" 2nd floor, Nariman Point, Mumbai 400 021, or visit the website

For Indian Nationals who have secured admission to Professional/Technical Courses at foreign Universities and Institutions. Covers: admission/tuition fees to college/university, hostel/mess charges, examination/library/laboratory fee, purchase of books/equipment/instruments/uniforms, caution deposit/building fund/refundable deposit supported by institution bills/receipts, one way travel expenses, purchase of computers if essential for completion of the course, and any other expense required to complete the course.

Maximum amount of loan: Rs. 15 Lacs, margin: 15%. Rates of Interest: Up to Rs.4.00 lacs - BPLR with monthly rests, Above Rs. 4.00 lacs: BPLR +1.00% with monthly rests. Repayment period: the loan is repayable in 5 years after the course year or 6 months after getting a job. For further details, please contact the Bank of Baroda Branch nearest to you.

For students satisfying DRI norms (irrespective of quantum of loan) have a lower interest rate than others. Provides between Rs. 7.50 and Rs. 15 lacs for studies abroad: 9.50%. 0.50% concession in ROI for prompt servicing of interest during study period. Reduction of 1% for all courses in all slabs/ category for girl students. More information and application here.

The French Embassy in India offers scholarships for high-potential Indian participants. Eligible candidates must be no more than 30 years old. Applications should be submitted directly to the French Embassy no later than May for entry in September and October for entry in January.

India's Ministry of Welfare awards 18 travel grants to candidates who already have a scholarship or loan which does not include travel costs. Applicants should possess a Master's or an equivalent degree in the Arts or Science subjects and a Bachelor's degree in Engineering, Technical or Medical subjects. The income limit of parents/guardians or the applicant himself/ herself is fixed at RS. 5,000 per month for eligibility of the award.

  • For more information, please contact: Deputy Secretary, Ministry of Welfare, Scholarship Cell, Room No. 240, 'A' Wing, Shastri Bhawan, New Delhi 110001, or visit the website. Deadline is the 15th May in the year of award

J.N. Tata Endowment offers several options to students: Low-interest loans of Rs. 50,000 to Rs. 2 lakhs, and grant of Rs. 25,000 to Rs. 50,000. Completed application forms must reach by 25th February of the year of award.

  • For more information, please contact: The Director, J.N. Tata Endowment, Bombay House, 24 Homi Mody Street, Mumbai-400001

Special consideration is given to underprivileged students, especially from the rural areas. Candidates are expected to have applied for admission to Universities after when they apply for the Loan Scholarship. They may be interviewed before the admission comes through but, their final selection is subject to their securing admission. Applicants should be graduates with an academic record of conspicuous distinction from an Indian University of recognised standing. Those who are in the final year of the degree course are also eligible. However, their selection will be conditional to a good performance at the final degree examination. Academics and Professionals in Medicine, Law and other fields as well as Officers of the I.A.S. and other Executives, with creditable academic records, going abroad for specialized qualifications, may also apply.

  • For more information, please contact: J.N. Tata Endowment, Administrative Office, Mulla House, 4th Floor, 51, M.G. Road, Fort, Mumbai 400 001.India. Email contacts: / Telephone: (022) 6665 8282, 6665 7681, 6665 7198, 6665 7774

For postgraduate studies in various disciplines. Up to Rs. 65,000. Forms must be requested before 28th February of the year of award and completed forms must reach by 31st March of the year of award.

  • For more information, and to send your application, please contact: The Managing Trustee, K.C. Mahindra Education Trust, Cecil Court, Mahakavi Bhushan Marg, Mumbai-400039.

Applicants for the KC Mahindra Scholarship must possess a First Class degree or an equivalent diploma of the same standard from a recognised Indian University. They must have secured admission or at least have applied for admission in reputable foreign Universities for courses commencing from September but not later than February. Candidates studying in the final year of the degree or diploma courses are also eligible to apply provided they produce their final year Certificate before end June. Government and Quasi Government Officers with a creditable academic record, going abroad for specialized qualifications are also eligible to apply. Indian Nationals for Higher Education abroad in various fields for advanced studies in Engineering, Natural Science, Humanities, Medicine & Business Management including the study of Military, Naval and Aviation Sciences.

The maximum amount of scholarship payable to any scholar shall not exceed Rs. 70,000.

Preliminary applications should be forwarded to the Managing Trustee K.C. Mahindra Education Trust, Cecil Court, 3rd Floor Mahakavi Bhushan Marg Mumbai 400001 along with 25cms x l8cms self-addressed envelope with Rs. 2.00 postage stamps affixed. The prescribed application form is sent only to those candidates who are considered to have the requisite qualifications as stated above. Prescribed application forms duly filled in by the applicants together with necessary enclosures must reach the Trust Office before the specified date in March.

The Mariwala Trust supports postgraduate studies in various disciplines. Awards up to Rs. 50,000 interest free. Application forms must be requested before 1st March of the year of award and completed forms must reach by 30th April of the year of award.

  • For more information, and to submit your application, please contact: The Managing Trustee, Mariwala Charity Trust, 409 Shah and Nahar Industrial Estate, Dr. E. Moses Road, Worli Naka, Mumbai-400018 Tel: (022) 4938307 Fax: (022) 4974704

60 scholarships will be awarded in subjects for which suitable facilities are not available in India. Preference will be given for Automation and Robotics, Laser Technology, Naval Architecture/ Offshore Structures, Paper Technology, Printing Technology, Reliability Engineering. The scholarships are awarded to candidates belonging to Scheduled Castes, Scheduled Tribes, De-notified Nomadic and Semi-Nomadic Tribes.

The income limit of parents/guardians or the applicant himself/herself is fixed at Rs. 5,000 per month for eligibility of the award. Students at the Undergraduate, Postgraduate, Research/ Specialized training level. US $6,600 per annum for the Master's and PhD degrees.

  • Further information and application form can be obtained from The Deputy Secretary, Ministry of Welfare, SCD, Division, Scholarship Cell, Room No. 240, 'A' Wing, Shastri Bhawan, New Delhi 110001. Deadline for applications is the 15th May in the year of award

For undergraduate and postgraduate studies in science, technology, commerce and education. Rs. 20,000 to Rs. 50,000 at 2 percent annual interest. Completed application forms must be submitted by the 31st May of the year of award.

  • For more information, and to submit your application, please contact: The Chief Executive R.D. Sethna Scholarship Fund, Esplanade House, 29 Hazarimal Somani Marg, Fort, Mumbai-400001

Support for higher-level studies in India as well as abroad.

  • For more information, please contact: The Secretary Sahu Jain Trust, 4th Floor, Times House 7, Bahadur Shah Zafar Marg, New Delhi -110002

State Bank of Travancore Educational Loans India provides students with up to Rs.4 lacs: 11%, minimum Rs. 4 lacs: 12% State Bank of Travancore.

The Narotam Sekhsaria Scholarship Program has an age limit of 30 years. Students with an excellent academic background and having achieved distinction as all-rounders and having shown excellence in other co-curricular activities are encouraged to apply. Students should have already applied for admission to the university/institution of their choice. In case of overseas study, only those students seeking admission during Fall semester (June-October) or equivalent will be considered. Scholarship is open to students of Indian nationality residing in India who are desirous of pursuing post graduate studies in prestigious institutes in India and abroad.

Students will receive an interest free loan that will cover 50% of the total tuition fee or up to a maximum of 10 lac rupees.

  • Students may acquire application forms from the office of the trust on payment of Rs. 300 either by cash/M.O/demand draft made out to Narotam Sekhsaria Foundation. The office of the trust. Administrator; Narotam Sekhsaria Foundation; 46 Maker Chambers III; Nariman Point, Mumbai 400 021 Tel: 91 22 22824589 / 22824705

Type of Aid: Scholarship



The Sampoerna Foundation Overseas MBA Scholarship offers two scholarships to Indonesian citizens each year. Applicants must have a minimum of two-year full-time professional work experience after the completion of their undergraduate degree. They must also provide valid proof (validity of two years) of: International TOEFL with a minimum score of 600 (paper based) or 250 (computer based), or International English Language Testing System (IELTS) of minimum 6.5 (for MBA Australia only), or Institutional TOEFL with a minimum score of 10 610.* Applicants must also have valid proof (validity of five years): GMAT test scores above 600 with verbal score to be 25 or above, or TPA with a minimum score of 650.*

Applicants may not be currently enrolled in graduate or post-graduate program or school, or already hold a Master's degree or equivalent. They must not have enrolled or graduated from an overseas tertiary institution, unless that was on a full scholarship. Applicants must not be in receipt of other equivalent award or scholarship offering similar or other benefits at the time of the award. Applicants must be able to demonstrate that they are from financially disadvantaged family and that without the scholarship he or she would not be able to study for an overseas MBA program. Applicants must hold a Bachelor degree in any discipline from an Indonesian tertiary institution with a minimum grade point average (GPA) of 3.25 (on a 4.00 scale) Under 35 years old. The scholarship constitutes US $70,000 to US $150,000 per student, depending on the country and university, for the duration of study.

  • Interested applicants who meet the requirements must complete and return the application form along with the necessary supporting documents and personal statement, in one package, to Sampoerna Foundation office: SAMPOERNA STRATEGIC SQUARE Tower B, 3rd Floor Jl. Jendral Sudirman Kav. 45

Type of Aid: Scholarship



In 1987, the World Bank, with funding from the Government of Japan, established the World Bank Graduate Scholarship Program for graduate studies in subjects related to economic development. Each year, the Program awards scholarships to individuals from World Bank member countries to undertake graduate studies at renowned universities throughout member countries of the Bank.

Type of Aid: Scholarship


The Lebanese International Finance Executives (LIFE) scholarship was set-up to fund Lebanese students studying at HEC Paris who wish to pursue careers in the international financial sector. Eligibility: To qualify for the Lebanese International Finance Executives (LIFE) scholarship, eligible candidates should meet the following criteria:

  • Confirmed offer: applicants must have received a confirmed offer to study at HEC Paris.
  • Subject of study: Applicants must be enrolled in an eligible course with the intention to pursue a career in Finance or a Finance related discipline.
  • Academic excellence: Applicants must demonstrate outstanding academic merit as proven by educational history and exam results.
  • Financial need: Applicants must be in financial need, which will be assessed through an essay question in the application form. Any further information required regarding an applicant’s financial status will be required and assessed directly by LIFE.
  • Nationality/origin limitation: The Scholarship is open to nations of Lebanon or those of Lebanese descent. Amount of Award: €12,000, deducted from tuition fees
  • Application Deadline: May each year. Additional information:

Type of Aid: Loan


HSBC Singapore offers loans to Singaporean nationals who are unable, due to regulation, to take up the International banking offer. HSBC Singapore also helps international students who require local banking facilities.

Type of Aid: Scholarship


Applicants for the Loke Cheng-Kim Foundation Scholarship should hold a degree in any disciplines at any approved overseas university.

  • For more information, please contact: Pricewaterhouse 6 Battery Road #31-00 Singapore 049909

Applicants must be Singapore citizens or Singapore permanent residents who will eventually take up the Singapore citizenship before their departure for studies. 13 Successful applicants will show strong leadership qualities and potential, have a good Co-Curricular Activities record, offer GCE 'A' levels*, Polytechnic diploma or equivalent qualifications e.g. International Baccalaureate and have a strong interest in a career in public administration.

The SAF Scholarship is only awarded to a few outstanding candidates each year. Applicants must be male Singapore citizens or Singapore permanent residents who will eventually take up the Singapore citizenship before their departure for studies. Applicants should have strong leadership qualities and potential, with a good extra-Curricular Activities record. They must hold GCE 'A' levels*, Polytechnic diploma or equivalent qualifications e.g. International Baccalaureate, and they should qualify for and excel in Officer Cadet School. Finally, they must possess a strong interest in a career with the Singapore Armed Forces.

For the Tan Kah Kee Postgraduate Scholarship, candidates are appraised on their academic achievements, outstanding personal character and bilingual capabilities. Singapore citizens and permanent residents who are pursuing full-time Master degree or PhD in any discipline are all eligible. The scholarship is awarded annually and is bond-free. The amount awarded to those studying in overseas or local universities is 10,000 and 7,000 Singapore dollars respectively.

Type of Aid: Loan


Taiwan’s Ministry of Education has offered a low-interest loan to help students to study overseas for a number of years. Some municipal governments (city/county governments) have also launched their own low-interest loans to target their own residents. As of January 2013, only the education departments of Taipei City and Changhua County have offered their own schemes to provide loans for studying abroad.

Emerging countries

The Aga Khan Foundation (AKF) International Scholarship Program is for students from developing countries who have no other means of financing their postgraduate studies. Scholarships are awarded on a 50% grant/50% loan basis. The Foundation assists students with tuition fees and living expenses only. AKF offices of Aga Khan Education Services/Boards in their countries of current residence.


  • For more information, contact: Mr Ferdinand Prutscher Wirtschaftskammer Oesterreich Wiedner Hauptstrasse 63 A - 1045 Wien Austria Tel: +43 1 501 05 31

These are scholarships awarded according to the field and length of study; they are not limited by age, gender, academic field of study, country or university. However, awards will generally favor those whose major contribution to their field and to the community lies ahead of them.

  • For more information, please contact the manager of your local Banque Bruxelles Lambert branch.

Type of Aid: Loan


MBA participants have been known to obtain loans from Alandsbanken at 4 to 6% interest rate.

  • For more information, please contact your local branch.

Type of Aid: Grant


Almost all of the grants awarded by Liikesivistysrahasto are used for either scientific work or international university studies in the field of business economics. The Finnish Association of Graduates in Economics and Business Administration offers grants through KAUTE, and their annual budget for grants is €2.9 million.

Opintotukineuvonta provides additional information about financial aid for Finnish students.

  • For more information, contact: Opintotukineuvonta, PL 228, 40101 Jyväskylä, Puh. 020 434 6770,

Theoretically, this grant is only awarded to Finnish citizens, but in cases of a longer stay/residence in Finland, citizenship is not considered an absolute necessity. For more information, please contact: Centre for Student Financial Aid P.O Box 228 40101 Jyväskylä Finland Tel: + 358 20 434 66 11.

Type of Aid: Loan


Most banks will provide loans for study at HEC to French nationals or residents with pre-established banking credentials. We have excellent relationships with local branches of national banks. Information sessions with bank representatives are regularly organized on campus.

Type of Aid: Scholarship


Campus France manages four scholarship programs for French students and students residing in France.

Visit the Campus France website to learn more.

For German MBA students.

  • For more information, please contact: Das Bundesministerium far Bildung und Forschung Heinemannstrasse 2, D-5300 Bonn BAf Hotline Tel: 01 88 83 58-45 00, email:

For Germans interested in study programmes and funding opportunities abroad.

  • For more information, please contact: Deutscher Akademischer Austauschdienst, Kennedyallee 50, 53175 Bonn, Postfach 20 04 04, 53134, Tel: (0228) 882-0,

You can apply online for the study loan of the Education Fund here. Please note, that the whole application process after registration is in German. You should apply 3-4 months before your study begins. The maximum sum of financing amounts to 30.000 €. You can use the financing for living costs, tuition fee or as a one-off grant. 

For German students who want to study abroad in any field of study.

  • For more information, please contact: Bockenheimer Landstr. 25; D - 60325 Frankfurt am Main; Contact: Herr Ziegler. Tel: 069 71790.

For outstanding German postgraduates, as selected by independent academic selection committees.

The Alexander Onassis Public Benefit Foundation provides over 150 Greek graduates with limited financial means who want to continue their studies abroad.

  • For more information, please contact the department of Scholarships for Greeks: Onassis Public Benefit Foundation, 56, Amalias ave. 10558 Athens – Greece T +30 210 371 3000, E Tel: 0030 210 37 13 050, email:

IKY Scholarships (Institution of States Scholarships) are awarded to Greek graduates of Higher Education Institutions for doctoral and postgraduate studies outside Greece.

  • For more information, please contact: Lisikratous 14, 10558 Athens Tel: +30-1-325-4385,
  • For more information, please contact: Hofoaborg-Borgatuni 21 IS-101 Reykjavik Iceland. Tel: +354 560 40 00, email:

This loan, from Banca Sella, is available to Italian students enrolled in a Master degree course in either Italy or abroad. Maximum amount is €30,000.

Students' eligibility for the grant from Liechtenstein State is determined on the basis of citizenship and the type of education the student is pursuing. The State provides educational assistance in the form of scholarships, loans, or contributions to expenses.

The Banque Générale du Luxembourg provides loans for students in the Grand Duchy. You must be a Luxembourg resident and have successfully completed four years of university studies. The bank can provide a medium-term loan at an attractive interest rate and on particularly favorable conditions.

  • For more information, please send an email to, or visit any branch

ABN-Amro Bank provides grants and loans to Dutch MBA participants.

The French Embassy in Poland offers one or two scholarships to go towards living expenses for Polish nationals residing in Poland with a good knowledge of French.

  • For more information, please contact the French Embassy in Warsaw: Service culturel et Scientifique -- ul Piekna 1 - 00477 Warszawa.

Fundacao Calouste.

  • For more information, please write to: Gulbenkian Servico de ducacao 3 Bolsas da FCG, Av. De Berna, 45A 1067-001 Lisboa, Portugal.

Information on scholarship possibilities under the PRAXIS XXI Program can be obtained from the JNICT, V. D. Carlos I no 126 Cave, 1200 Lisbon.

For Slovene nationals for graduate and post-graduate studies abroad.

The Fundacion Eduardo Justo offers scholarships to Spanish students born or residing in the region of Almeria, or whose parents are from Almeria.

The Fundacion Pedro Barrié de la Maza offers scholarships to students from Galicia. Scholarships are offered in December, the closing application date is March 1.

  • For more information, please contact: Vitruvio 5, 28006 Madrid Tel: +34 91 563 07 99.

In conjunction with the French government, CaixaBank, a well-known Spanish bank, awards scholarships to Spanish MBA candidates. The scholarships cover the full cost of tuition at HEC Paris, plus monthly living expenses.

Skandinaviska Enskilda Bankens offers its students 5,000 - 25,000 SEK per year

The Swedish government offers students allocations and loans of up to 9,000 SEK per month

The Wallenberg Foundation for Education in International Industrial Management, offers its students 100,000 – 2500,00 SEK per year.

The Jean Monnet Scholarship Programme has been running for 20 years and aims to support Turkey’s administrative capacity building efforts for the effective implementation of the EU acquis. It is the most prestigious scholarship programme in Turkey. The Jean Monnet Scholarship Programme started under an agreement signed between Turkey and the European Commission in 1989 and became one of the most dynamic dimensions of Turkey-EU relations. Jean Monnet Scholarships provide education opportunities in EU countries for civil servants and private sector professionals, NGO representatives and graduates and academics of universities in Turkey. The Jean Monnet Scholarship Programme is financed by the EU and is a programme specific only to Turkey. This scholarship programme is not implemented in any other country but Turkey. During the last 20 years, approximately 1.400 people have benefited from the Jean Monnet Scholarships. The duration of the scholarships are for periods of minimum 3, maximum 12 months. The Programme supports academic study at graduate or research level at a university or similar institution in one of the EU member states.

HEC is accredited by the Association of MBAs, which enables UK citizens to use the bank financing arrangements set up by AMBA.

  • For more information, please visit the AMBA website, or ring: +44 171 837 3375.

Hobsons/AMBA scholarship: Open to any UK national admitted to AMBA accredited MBA programs for an award of £10,000. Application deadline is in March, with a final decision in July. The scholarship can be applied towards September or January intake.

Leverhulme Trust/Study Abroad Scholarship: 15 scholarships. Must be resident in the UK and be aged 30 or over. Should have held an established full-time post in a UK institution of higher education, or in a museum, art gallery or comparable institution for at least five years. Provides replacement teaching cover whilst the applicant is overseas; travel to and within the overseas country or countries, a stipend to meet the increased expense of living overseas and essential research costs. The maximum value of a Fellowship is £21,000.

  • For more information, please contact: The Secretary, Research Awards Advisory Committee, The Leverhulme Trust, 1 Pemberton Row, London EC4A 3BG.

The Sainsbury Management Fellowship Scheme makes funding available to UK engineers via the Royal Academy of Engineering. UK Engineers may apply to the Sainsbury Management Fellowship Scheme.

For all individuals living in the UK for at least five years, with 1st degree from a UK university, under 30 years of age.

  • For more information, please contact: The Secretary, Research Awards Advisory Committee, The Leverhulme Trust, 1 Pemberton Row, London EC4A 3BG. Tel: +44 171 822 6952.

North America

Type of Aid: Fellowship



Fellowships for study outside of North America.

  • For more information, please fax +1-613-237-1073

This scholarship is sponsored by the Canadian Federation of University Women (CFUW). In order to apply, the candidate must justify the relevance of her work to women. For graduate studies in any field. The applicant must be a Canadian citizen or Permanent Resident in Canada. One (1) award of CA $5,000 for masters study and one (1) award of CA $7,000 for doctoral level study. Deadline: November 1st.

  • For more information, please contact: CFUW National Office: Canadian Federation of University Women, 331 Cooper Street, Suite 502, Ottawa, Ontario, Canada K2P 0G5, or Phone: (613) 234-8252 x104; Toll-free in Canada & U.S.A.: 1 (888) 220-9606 Fax: (613) 234-8221

Applicants must be Canadian citizens. Co-signers must have an established satisfactory credit history, be employed or have sufficient income to meet current liabilities including the CanHELP loan, have stable residence and employment history. Loan amount: minimum US $1,000. Graduate students may request up to US $20,000 on their own signature; students requesting more than US $20,000 will need a credit-worthy co-signer. You can defer payment of interest for up to four consecutive years while enrolled in school. Your first interest payments are due six months after you graduate. The repayment term can be set between 10 and 25 years with a minimum monthly repayment of $50. Applications can be made via the IEFC organization.

Scholarships for study in France (Bourse d'Etudes) may also be obtained through the Cultural Services of The French Embassy

The Mackenzie King Open Scholarship is awarded based on high academic achievements (typically all A's or very nearly so), personal qualities, and demonstrated aptitudes. Consideration will also be given to the applicant's proposed program of study. Amount: €9,000, subject to change. Applications must be made to the Faculty of Graduate Studies of your "home" university. This is the Canadian university from which you most recently graduated or at which you are currently enrolled. Deadline: February 1st.

For Canadian citizens or permanent residents residing in Quebec for one year before pursuing full-time studies. Must be enrolled in seven terms of university studies towards a Master's degree (without thesis).

  • For more information, please contact: The Quebec Student Financial Aid Programme, 1035, Rue de la Cevrotiere - Quebec G1R 5A5, Quebec - Canada.Tel: +1.418.646 5245.

HEC has in place an agreement with the Ministère de l'Education (Aide financière aux études).

  • For more information, please contact: 1035, rue de la Chevrotiere - QUEBEC G1R 5A5 - Phone (418) 643- 3750. Code Etablissement: 08-259A - HEC Program code: 900-05.

Bank of Montreal has been known to provide loans to MBA students up to US $80,000 CAD, seven years at prime rate + 0.52.

  • For more information, please visit your local branch.

For Canadian citizens who are residents of British Columbia wishing to pursue full-time studies. The amount you receive depends on your assessed need. If you are in a program with high tuition costs you will need additional sources of funding.

  • For more information, please visit our website here, or ring us toll-free from Canada: 1-888-362-2112.

Special consideration is given to members, women of color, and women pursuing their first advanced degree or credentials in nontraditional fields. We also welcome women who hold a bachelor's degree and are preparing to advance their careers, change careers, or re-enter the work force.

Applicants must be U.S. citizens or permanent residents. Fellowships in the following degree programs are restricted to women of color: Business Administration (MBA, EMBA). We will favor women who intend to pursue a full-time course of study at accredited institutions in one of the designated degree programs where women's participation traditionally has been low.

  • For more information, please contact: AAUW Educational Foundation Selected Professions Fellowships PO Box 4030 Iowa City, IA 52243-4030, or visit the site here.

HEC Paris is registered with the US Department of Education. HEC Paris students (US citizens or permanent residents) can be eligible to apply for Federal Direct Loans. These loans can help you cover the cost of your study. HEC Paris' school code is G22934.

The information in this section is relevant to prospective and current graduate students and participants.

Please find below the loans rates for the 2022-2023 academic year:

Direct Unsubsidized loans: 6.54 % (+origination fees)
Direct Graduate PLUS loan rate: 7.54% (+ origination fees)

You must meet the criteria set by the US Department of Education to be eligible for US loans but the HEC Paris Financial Aid Office will confirm your eligibility. The basic eligibility criteria are listed on the Federal Student Aid website.

For detailed information and guidelines on eligibility and application process, please refer to the following documents:


You may find that the process is quite different from previous applications made at US institutions.

  • If you need any further information, please contact the Financial Aid Office:




For both US and non-US citizens - as long as the applicant has a US co-signer, they are eligible for this credit-based International Student Loan Program (ISLP). For more information and to apply, please visit the site here.

Type of Aid: Loan


Juno provides loans that finance tuition fees (100% including deposit) and living expenses for students studying at HEC Paris.


  •     Juno adapts its payment schedule to the schedule created by the HEC Paris financial contracts.
  •     Eligible persons are: U.S citizens, and students with a valid U.S. cosigner

To learn more about Juno loans specifically for HEC Paris students, visit their dedicated web page.

For more information, contact:

The National Society of Hispanic MBAs offers scholarships to citizens or legal permanent residents of the United States or Puerto Rico who have a Hispanic background. To date, they have awarded over $8 million in scholarships at member schools. 

HEC Paris is registered with the US Department of Veterans Affairs. US Army veterans can obtain benefits for partial funding of their tuition fees.

  • You can find more information and application requirements on
  • If you are eligible or if you have any questions, please contact the HEC Paris Financial Aid Office:

Type of Aid: Loan


Eligibility: All applicants having a co-signer in the US are eligible for the loan program.

  • Amount Awarded: Variable
  • For more information about Sallie Mae, click here
  • HEC Paris students (US citizens or permanent residents) can be eligible to apply for Sallie Mae funding (criteria are set by Sallie Mae).
  • This loan can help you cover the cost of your study. Rates available here.
  • Repayment term is from 5 to 15 years and varies according to the loan amount and the number of years spent at school. 
  • Basic eligibility criteria are listed on the Sallie Mae website.
  • If interested in this funding solution, please submit your application on-line within a few months before the start of the program (3-4 months will suffice). If you apply much earlier, your credit will expire.
  • If you need any further information, please contact the Financial Aid Office:
  • Global grants support large international activities with sustainable, measurable outcomes in Rotary’s areas of focus. By working together to respond to real community needs, clubs and districts strengthen their global partnerships.
  • Read A Guide to Global Grants for detailed information on planning your project, applying for a grant to fund it, carrying it out, and reporting on your progress and outcome.
  • Global grants can fund:
  • Humanitarian projects
  • Scholarships for graduate-level academic studies
  • Vocational training teams, which are groups of professionals who travel abroad either to teach local professionals about their field or to learn more about it themselves

Middle East



The Academic and Scientific Cooperation Office of the French Embassy in Israel aims to promote and stimulate the exchange of knowledge and know-how between France and Israel. To achieve that end, it has created The Chateaubriand Fellowships Program. The program is open to any Israeli student wishing to complete a Masters or PhD program in France.

Learn more

Multinational Funding Options

Type of Aid: Loan


Helping young people achieve an education in the best conditions is a central part of BNP Paribas' mission. That’s why we have developed assistance and support programs, beneficial loan offers, and special partnerships to give students peace of mind.

To learn more, visit the BNP Paribas website


The Commonwealth Scholarships and Fellowships Plan places special emphasis on the needs of developing nations. Historically, the majority of awards have been offered for post-graduate studies. Available to students from: Australia, Botswana, Brunei Darussalam, Cameroon, Canada, Ghana, India, Jamaica, Malaysia, Malta, Mauritius, New Zealand, Nigeria, South Africa, Trinidad and Tobago, UK.

Applicants for the Ford Foundation International Fellowships Program must hold a bachelor degree or its equivalent. Applicants must be resident nationals or residents of an eligible IFP country or territory: Brazil, Chile, China, Egypt, Ghana, Guatemala, India, Indonesia, Kenya, Mexico, Mozambique, Nigeria, Palestinian Territories, Peru, Philippines, Russia, Senegal, South Africa, Tanzania, Thailand, Uganda, and Vietnam. All applications must be submitted to the appropriate IFP International Partner in the country or region where the applicant resides. Dependent on country of origin.

Affiliated with the Association of Management Consulting Firms (AMCF). The Foundation offers a scholarship to graduate students called the Richard Metzler Scholarship, and one scholarship is annually awarded to between 1 and 3 students. Recipients must have matriculated and be attending a graduate-degree program at a leading institution of higher learning for the period from the fall of the year they apply for the scholarship to the following spring. Applicants must have shown proof of academic excellence, and a commitment to pursuing a career in the field of management consulting. A letter of recommendation from either an academic or professional source is required; the application form includes an essay section and one/two letters of recommendation.

  • Fore more information, please contact: Graduate Students: The Association of Management Consulting Firms (AMCF) 370 Lexington Avenue, Suite 2209, New York, NY 10017; 212.262.3055 Email:; Sally Caputo, Chief Operating Office

General scholarships are open to all students. They are based on a student's career choice rather than test results or coming from a certain geographic region. The money awarded varies depending on the scholarship. The criteria and deadlines for applying to these scholarships can be found here.

Type of Aid: Loans


LCL - Le Crédit Lyonnais offers loans for students.

Visit the LCL website (in French) to learn more.

Type of Aid: Loan


Lendwise is a specialist loan provider based in the UK which is dedicated to education finance for individuals who are looking to fund their studies at world-class universities.

Lendwise’s aim is to enable access to education through its affordable and flexible student loans that come with a fixed interest rate and no early repayment penalties.  Interest rates are personalised and depend on an applicant’s overall profile including future earning potential, and the application process is entirely online. Full time programme students have access to a grace period that allows for repayment to start after graduation.


All postgraduate courses at HEC, on both full time and part time basis, are eligible.  UK, EU and North American nationals are eligible for a Lendwise Loan. For other nationalities, Lendwise will review your application on a case-by-case basis.


Contact Lendwise directly to apply


Type of Aid: Loan


Prodigy Finance provides loans for international graduate students to pursue their masters degrees at the world’s best schools.

•    No cosigner and no collateral required
•    No in-country credit required
•    100% online process
•    No early repayment fees
•    Repayment terms up to 20 years
•    Repayment begins 6 months after graduation for full-time courses

See more details about the terms and conditions, and how to apply for a loan on Prodigy Finance’s website.


Study or training must be undertaken in another country or territory in which there are Rotary Clubs but not in the sponsoring Rotary country or district. Applicants must not have previously lived or studied more than 6 months in the chosen country/but they have to speak, read and write the language of the chosen country (language examination).


Academic-Year Ambassadorial Scholarships provide funding for one academic year of study in another country, and Multi-Year Ambassadorial Scholarships are for two years of degree-oriented study in another country. All students of any nationality looking to spend one or two years pursuing academic studies in another country may apply. This award is intended to help cover round-trip transportation, tuition, fees, room and board expenses, and some educational supplies. A flat grant is provided per year to be applied toward the costs of a degree program.

  • Interested applicants must apply for Rotary Foundation Ambassadorial Scholarships through their local Rotary club. Interested applicants also need to download application materials here. Deadlines vary by club and district, only the Rotary local club can provide specific information on deadlines.

Type of Aid: Loan



Visit the Société Générale website (in French) for more information.

Type of Aid: Scholarships and Loans


A platform made to discover International scholarships and get the best education loan matching your profile.

Visit the We Make Scholars website to learn more.

South America

Type of Aid: Scholarship



Banco Bilbao Vizcaya Argentaria (BBVA) offers various scholarships.

  • For further information please contact: Banco Francés del Rio de la Plata S.A. Tel: +54 1 3464000; Fax: +54 1 3464320.

Funding from the Fundacion Instituto de Empresa is open to students from APICE Argentina, Brazil, Chile, Ecuador, Mexico, Uruguay, Central America and the Caribbean.

Type of Aid: Scholarship/Loan


The Fundacao Estudar provides scholarships/loans for MBA studies. HEC will provide matching funds to a limited number of Brazilians who have received a scholarship from Funda Sao Estudar. The scholarships vary from US $3,000 to US $30,000 on a need and merit basis.

  • For more information, please contact:  Fundacao Estudar; Caixa Postal 11.237; CEP: 05422-970; Sao Paulo-SP; Tel: 821-6830-6834.
  • Brazilian students can also obtain information about scholarships and loans from the Conselho Nacional de Desenvolvimento Cientifico e Tecnologico: Tel: 0800 61 96 97. Contact in Sao Paulo 821-6830/6834.

Funding from the Fundacion Instituto de Empresa is open to students from APICE Argentina, Brazil, Chile, Ecuador, Mexico, Uruguay, Central America and the Caribbean.

Type of Aid: Scholarships/Loans



For Graduate students who are proceeding with MBA studies on a full-time basis at a university outside Bermuda.

  • Brazilian students can obtain information about scholarships and loans from the Conselho Nacional de Desenvovimento Cientifico e Tecnologico, Tel: 0800 61 96 97. Contact in Sao Paulo 821-6830/6834.

COLFUTURO (Fundacion para el Futuro de Colombia) is a privately funded foundation which makes loans available for overseas management study.

  • HEC will provide a scholarship of €5,000 to two Colombians per year who have received a scholarship from COLFUTURO.

For Colombian students pursuing graduate-level studies. ICETEX is a national organization that offers international scholarships to Colombian students pursuing education opportunities abroad. Non-refundable financial aid intended to cover, in part or in full, educational expenses abroad; the scholarship offers partial or full tuition scholarships. At the same time, ICETEX grants a loan to the student up to a certain amount to cover other living expenses.

  • For more information, please contact: Conavi Banco Comercial, Transversal 71 No. 23-27 Sur, Santa Fe de Bogota, Tel: +571 403 86 62.

Funding from the Fundacion Instituto de Empresa is open to students from APICE Argentina, Brazil, Chile, Ecuador, Mexico, Uruguay, Central America and the Caribbean.

The Banco de Mexico offers a loan through its fund "Fondo para el Desarrollo de Recursos Humanos."

  • For more information, please contact: Torre Latinoamericana, Piso 10, Col. Centro, 06000 México, D.F., Tel. + 52 55 5212977; 5237 20 66.

Funding from the Fundacion Instituto de Empresa is open to students from APICE Argentina, Brazil, Chile, Ecuador, Mexico, Uruguay, Central America and the Caribbean.

Type of Aid: Scholarship



The FUNED Scholarship contributes to the professional growth of future Mexican leaders by means of supporting the studies of master’s degrees in the best programs of the world, with the objective of promoting the development of people and of Mexico.

For more information on this scholarship, please visit FUNED website


Only admitted candidates with Mexican citizenship can apply to this scholarship.

Applicants sponsored by their companies or governments for more than 50% of their tuition fees are not eligible to apply.

Amount awarded

Discount of €6,000

Please note that in the case of a Double Degree, the amount awarded will be calculated on a pro-rata (prorated) basis.

  • For more information, please contact: Secretaria de Relaciones Exteriores y Secretaria de Educacion Publica, Paseo de la Reforma 175 P.B., Col. Cuauhtemoc, C.P. 06500, México D.F., Tel. +52 55 327 32 24; 327 32 25.

Funding from the Fundacion Instituto de Empresa is open to students from APICE Argentina, Brazil, Chile, Ecuador, Mexico, Uruguay, Central America and the Caribbean.

Instituto para la formacion y aprovechamiento de Recursos Humanos (IFARHU).

  • For more information, please contact: Ifarhu, Ciudad de Panamá Avenida Ramón Arias y Calle 1ra El Carmen Edificio Unicorp Business Plaza, Tel. (507) 500-4700.

Banco de Credito del Peru (BCP) offers a loan opportunity to qualified Peruvian admitted candidates seeking to undertake the HEC MBA Program covering up to $50,000 of their tuition and living expenses. For Peruvian nationals on Masters, MBA or Doctoral degree programmes in Peru and abroad.

  • In addition, all candidates who receive financing from BCP will be awarded an HEC grant of €1,900. To apply for the BCP loan, please contact Mr. Ruben Robles directly at
  • For specific information about BCP's student loan program, please visit the Banco de Credito del Peru website. You can also download a PDF file containing detailed information about BCP's loan program.

Fundacion Gran Mariscal Ayacucho Fundacion offers loans to Venezuelan citizens to study abroad.

  • For more information, please contact: Calle 3-b Edificio Fundayacucho La Urbina Caracas 1071-Venezuela. Tel: 58.2.-241.4721/-242.6073 Fax: Educredito A.C., Avenida Andres Bello, Edificio las Fundaciones, Piso 8, Oficina 806, Caracas, Tel. +58 212 572 11 10,