Business management majors have an array of important skills and knowledge that employers value. And there is no shortage of scholarship opportunities available to students who are looking to aid their education with financial assistance.
The importance of earning a degree in business management is significant in today’s world economy and employees who specialize in this field are in high demand. In this article, we’ll dive into the 12 scholarships best suited for business management majors and their key components, including their pros and cons and how to apply.
1. American Marketing Association (AMA) Scholarship Program
The American Marketing Association not only advances marketing knowledge and practices but also provides several scholarship opportunities for up and coming business professionals. To apply for the scholarship, applicants must excel in academics, have an interest in marketing, display leadership qualities and possess strong technical skills. The scholarship also covers varying amounts depending on the individual school or program enrolled in.
Pros: This scholarship covers a range of school and program costs and rewards students who have leadership qualities and display a commitment to marketing.
Cons: Only students enrolled in a degree program related to marketing are eligible.
How to Apply: Students should visit the AMA website to apply and submit a 500-word essay discussing their academic, leadership and professional goals as well as how their field of study benefits the marketing profession.
2. The David Bonowitz Scholarship
The David Bonowitz Scholarship is awarded to Royal Caribbean employees and the dependents of current or former employees. The goal of this program is to provide financial assistance to those pursuing an education in business management. Recipients of this scholarship must demonstrate both academic excellence and financial need.
Pros: This scholarship rewards hardworking employees and dependents of employees of Royal Caribbean who are pursuing an education in business management.
Cons: This scholarship is exclusive to employees and dependents of Royal Caribbean.
How to Apply: Those interested in applying should visit the Royal Caribbean website to find more information.
3. National Italian American Foundation (NIAF) Scholarship
The National Italian American Foundation awards scholarships to students studying business, history, engineering, humanities, politics and international relations. The NIAF scholarship program has several requirements such as a minimum GPA, financial need and demonstrated involvement in the Italian American community.
Pros: This scholarship is tailored to students with a passion for the Italian American culture.
Cons: This scholarship is only available to students who meet several criteria and may not be available to everyone.
How to Apply: Applicants must create an account on the NIAF website and fill out the online application with required documents.
4. U.S. Bank Non-Traditional Scholarship Program
This program is designed to assist non-traditional students, meaning those who have taken a break from their studies, pursue an education in business management. Eligible applicants must be enrolled in a two or four year degree program, demonstrate financial need and be enrolled in courses part or full-time.
Pros: This scholarship helps non-traditional students pursue an education in business management.
Cons: Eligible applicants must be enrolled in a degree program, so this may not be applicable to those just beginning their studies.
How to Apply: Students should be in contact with their school’s financial aid office to apply.
5. Byron Porter Scholarship
The Byron Porter Scholarship provides a one-time award of up to $2,500 to underrepresented students studying business management. Eligible students must be committed to pursuing a degree in business at an accredited institution, demonstrate financial need and have a minimum GPA of 2.5.
Pros: This scholarship provides a generous award to students who have a dedication to business and need financial assistance.
Cons: Applicants must have a minimum GPA of 2.5 and demonstrate financial need to qualify for this scholarship.
How to Apply: Eligible applicants should complete the online application on the WCU website and submit an essay discussing their background, career goals and awards received.
6. Terry Foundation Scholarship
The Terry Foundation provides scholarships to Texas residents studying business management. Students must be a graduating high school senior and demonstrate an excellent academic record, leadership skills and financial need.
Pros: This program provides scholarships to Texas residents who are committed to entering the business field.
Cons: It is only available to Texas residents, which may limit the pool of eligible applicants.
How to Apply: Eligible students should contact their high school counselor to apply.
7. National Association of Women Business Owners (NAWBO) Scholarship Program
This program provides scholarships to women who are dedicated to pursuing a degree in business management. Applicants must have a minimum GPA of 3.0, be enrolled in an accredited degree program and display leadership qualities.
Pros: This scholarship encourages and awards women who are committed to pursuing an education in business management.
Cons: Eligible applicants must meet several qualifications, so this may not be open to everyone.
How to Apply: Interested applicants should visit the NAWBO website for more information and fill out their online application.
8. D’Youville Scholarship
The D’Youville Scholarship is for individuals pursuing an education in any type of business management program. Eligible applicants must have a competitive GPA of 2.75, display financial need and be committed to studying and obtaining a degree from D’Youville.
Pros: This scholarship provides financial assistance to students pursuing a business management degree at D’Youville.
Cons: This scholarship is only available to students committed to attending D’Youville.
How to Apply: Eligible applicants should visit the D’Youville website and fill out their online application.
9. GMU Business School Working Professional Scholarship
The George Mason University Business School Working Professional Scholarship provides financial assistance to individuals who are working and pursuing an education in business management. Applicants must demonstrate academic excellence, be enrolled in one of the business school’s degree programs and have been employed for three or more years.
Pros: This scholarship rewards working professionals who are also pursuing a degree in business management.
Cons: Applicants must have been employed for three or more years and be enrolled in one of GMU’s business school programs.
How to Apply: Interested individuals should visit the GMU website and complete the online application, which includes submitting a resume, transcript and references.
10. Elon Business Scholars Program
The Elon Business Scholars Program is a four-year scholarship program for eligible students who plan to major in business management. Applicants must have a high school GPA of 3.5 or higher, a SAT or ACT score of 1300 or higher and demonstrate financial need. The program also offers several other activities and opportunities for its scholars.
Pros: This scholarship provides financial assistance for four years to eligible applicants and offers various additional activities and opportunities.
Cons: Eligible applicants must have a high school GPA of 3.5 or higher and a SAT or ACT score of 1300 or higher.
How to Apply: Interested individuals should visit the Elon University website for more information and complete their online application.
11. Edwin and Helene French Scholarship
This scholarship program was created to honor the couple’s dedication to business and provides scholarships to individuals pursuing a degree in business management. Eligible applicants must have a 3.0 GPA, have demonstrated financial need and be involved in school or community activities.
Pros: This scholarship rewards students who have a commitment to business and are involved in school or community activities.
Cons: Eligible applicants must have a minimum GPA of 3.0 to qualify.
How to Apply: Students should contact their school’s financial aid office to apply.
12. National Women’s Business Council Scholarship
The National Women’s Business Council provides scholarships to aspiring female business professionals who plan to pursue a degree in business. Applicants must have displayed academic excellence and financial need and maintain a minimum GPA of 3.0 throughout their studies.
Pros: This scholarship encourages and rewards women who plan to obtain a degree in business.
Cons: Eligible applicants must have a minimum GPA of 3.0 and display financial need to qualify.
How to Apply: Individuals with an interest in applying should visit the NWBC website for more information and fill out their online application.
Final Thoughts
Business management majors possess many skills and knowledge that employers value and look for in potential employees. There are several scholarship opportunities available to up and coming business professionals. In this article, we have discussed the 12 scholarships best suited for business management majors, their key components and how to apply. We hope you found these listed scholarships helpful in your pursuit of a business degree.
