Discover the best fully funded MBA scholarships in the UK for international and domestic students. Learn eligibility, benefits, application tips, and FAQs in this complete 2025 guide.Introduction
Pursuing an MBA in the United Kingdom is a dream for thousands of students worldwide. The UK is home to some of the world’s most prestigious business schools, renowned for academic excellence, strong industry connections, global exposure, and high return on investment. However, the cost of an MBA in the UK can be significant, often ranging from £30,000 to £70,000 or more, excluding living expenses.
This is where fully funded MBA scholarships in the UK become a game-changer. These scholarships can cover tuition fees, living costs, travel expenses, and sometimes even additional academic or leadership development opportunities. For talented students with strong academic backgrounds, leadership potential, and professional experience, these scholarships make a world-class MBA both accessible and affordable.
In this comprehensive SEO-optimized guide, we explore the best fully funded MBA scholarships in the UK, including government-funded, university-funded, and private organization scholarships. We will also discuss eligibility criteria, benefits, application strategies, and frequently asked questions to help you maximize your chances of success.
Why Study an MBA in the UK?
Before diving into scholarships, it’s important to understand why the UK is such a popular destination for MBA aspirants:
- Globally Ranked Business Schools: UK institutions consistently rank among the top MBA programs worldwide.
- Shorter Program Duration: Most UK MBA programs are completed in 12 months, saving time and cost.
- Strong Industry Exposure: London and other UK cities are global business hubs.
- Diverse Student Community: Students from over 100 countries study MBA programs in the UK.
- Post-Study Work Opportunities: The UK offers post-study work options for international graduates.
Despite these advantages, affordability remains a concern—making fully funded MBA scholarships highly competitive and valuable.
What Does “Fully Funded MBA Scholarship” Mean?
A fully funded MBA scholarship typically covers:
- Full tuition fees
- Living expenses (monthly stipend)
- Travel costs (airfare)
- Visa fees
- Study materials
- Leadership or networking programs
Not all scholarships cover every expense, but the ones listed below are considered fully funded or near-fully funded, significantly reducing the financial burden on students.
Best Fully Funded MBA Scholarships in the UK
1. Chevening Scholarship (MBA Track)
The Chevening Scholarship is one of the most prestigious fully funded scholarships in the world. Funded by the UK government, it supports outstanding international students with leadership potential.
Key Features:
- Covers full MBA tuition fees (with a cap)
- Monthly living allowance
- Travel costs to and from the UK
- Visa and additional grants
Eligibility Criteria:
- Must be a citizen of a Chevening-eligible country
- Minimum two years of work experience
- Strong academic background
- Proven leadership and networking skills
Why It’s Ideal for MBA Students: Chevening focuses heavily on leadership, influence, and career impact, making it ideal for experienced professionals pursuing an MBA.
2. Commonwealth MBA Scholarships
The Commonwealth Scholarship Commission offers scholarships to students from Commonwealth countries who demonstrate academic excellence and leadership potential.
Key Features:
- Full tuition fees
- Living allowance
- Airfare and study-related costs
Eligibility Criteria:
- Citizen of a Commonwealth country
- Financial need
- Academic merit and leadership qualities
Who Should Apply: Students from developing Commonwealth nations who want to contribute to their home country’s development after graduation.
3. Skoll Scholarship (University of Oxford – Saïd Business School)
The Skoll Scholarship is one of the most generous MBA scholarships in the UK, designed for social entrepreneurs.
Key Features:
- Full tuition fees
- Partial living expenses
- Exclusive leadership and networking programs
Eligibility Criteria:
- Admission to Oxford MBA
- Proven social entrepreneurship experience
- Commitment to social impact
Why It Stands Out: It supports students who aim to create positive social and environmental change through business.
4. Weidenfeld-Hoffmann Scholarships and Leadership Programme
This scholarship supports outstanding students from developing and emerging economies.
Key Features:
- Full tuition fees
- Living allowance
- Leadership development program
Eligibility Criteria:
- Admission to selected UK universities
- Strong academic and leadership profile
- Commitment to public service
5. Gates Cambridge Scholarship (MBA Eligible Programs)
Although limited for MBA candidates, the Gates Cambridge Scholarship is among the most prestigious fully funded scholarships in the UK.
Key Features:
- Full tuition fees
- Living allowance
- Travel costs
Eligibility Criteria:
- Academic excellence
- Leadership potential
- Commitment to improving lives
6. Said Foundation Scholarship
This scholarship supports students from the Middle East pursuing postgraduate studies, including MBA programs.
Key Features:
- Tuition fees
- Living expenses
- Travel support
Eligibility Criteria:
- Citizenship from eligible Middle Eastern countries
- Strong academic background
- Leadership commitment
7. University-Specific Fully Funded MBA Scholarships
Many UK business schools offer their own fully funded or high-value MBA scholarships:
a) Oxford Saïd MBA Scholarships
- Merit-based and need-based awards
- Leadership-focused funding
b) Cambridge Judge Business School Scholarships
- Full and partial MBA funding
- Industry and diversity-focused scholarships
c) Imperial College Business School Scholarships
- Full tuition awards for exceptional candidates
- Women and diversity-focused scholarships
d) London Business School Scholarships
- Merit-based and need-based scholarships
- Region-specific funding
Eligibility Criteria for Fully Funded MBA Scholarships in the UK
While criteria vary, most scholarships consider:
- Academic excellence
- Professional work experience
- Leadership potential
- Career goals and impact
- English language proficiency
- Financial need (for some scholarships)
How to Apply for Fully Funded MBA Scholarships in the UK
Step 1: Choose the Right MBA Program
Research MBA programs aligned with your career goals.
Step 2: Prepare Strong Application Documents
- Academic transcripts
- GMAT/GRE scores (if required)
- Statement of purpose
- Leadership essays
- Recommendation letters
Step 3: Apply Early
Most scholarships have early deadlines.
Step 4: Prepare for Interviews
Demonstrate leadership, clarity of goals, and global perspective.
Tips to Increase Your Chances of Winning an MBA Scholarship
- Highlight leadership and impact
- Show clear career vision
- Emphasize community involvement
- Tailor each application
- Practice interview skills
Career Opportunities After an MBA in the UK
Graduates often secure roles in:
- Consulting
- Finance and banking
- Technology and startups
- Healthcare management
- Social enterprises
The UK MBA opens doors to global career opportunities.
Challenges of Fully Funded MBA Scholarships
- High competition
- Limited number of awards
- Strict eligibility criteria
However, strong preparation can significantly improve success rates.
Conclusion
Fully funded MBA scholarships in the UK offer an incredible opportunity to access world-class business education without financial stress. Scholarships such as Chevening, Commonwealth, Skoll, and university-specific awards empower future leaders to achieve their ambitions and create global impact.
With the right preparation, clear career goals, and a strong leadership profile, you can turn your dream of studying an MBA in the UK into reality.
Also Read: How Can Students Study in Canada Without IELTS Through Scholarships 2025?
Sources
UK Government
Commonwealth Scholarship Commission
MBA & Skoll Scholarship
MBA Scholarships
Gates Cambridge Scholarship
MBA Scholarships
FAQs
1. Can international students get fully funded MBA scholarships in the UK?
Yes, many scholarships are specifically designed for international students.
2. Is GMAT mandatory for MBA scholarships in the UK?
Not always, but a strong GMAT score improves chances.
3. Are fully funded MBA scholarships very competitive?
Yes, they are highly competitive and require strong profiles.
4. Can I apply for multiple MBA scholarships?
Yes, applying for multiple scholarships is encouraged.
5. Do UK MBA scholarships cover living expenses?
Most fully funded scholarships include living allowances.
6. What work experience is required for MBA scholarships?
Typically 2–5 years of professional experience.
7. Can I work while studying on a scholarship?
Yes, within UK student visa regulations.
8. Are there MBA scholarships for women in the UK?
Yes, many universities offer women-focused MBA scholarships.
9. Do I need an offer letter before applying for scholarships?
Some scholarships require an MBA offer, while others allow parallel applications.
10. When should I start preparing for MBA scholarships?
Ideally 12–18 months before your intended intake.