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Fully funded business and economics degrees

Business and economics have fewer subject-specific scholarships than the sciences, but the big government awards and a few university schemes fund them well.

Business is the subject where the word "scholarship" is used most loosely. Many business schools advertise partial discounts that still leave most of the fee to pay, so the first job is to separate those from awards that fund the whole degree. Our guide to what funding labels really mean shows how to read an offer.

Full funding for a business or economics master's mostly comes from awards that are open to every subject. Chevening pays for a one-year master's at any UK university, Erasmus Mundus runs joint degrees in economics and management across Europe, and France's Eiffel scholarship names economics and management among its priority fields. These awards weigh leadership and career plans heavily, so a few years of work experience strengthen an application.

An MBA is the hardest business degree to fund. Knight-Hennessy Scholars is the exception on our list: it covers any full-time Stanford graduate degree, the MBA included.

For undergraduates, the best value is in American colleges that meet full need for international students. Your family's income decides what you pay, and at the most generous colleges families below set thresholds pay nothing at all. Our guide to US financial aid for international students explains how it works.

The best fits for business and economics

Eiffel Excellence Scholarship
🇫🇷 France · Master's · PhD · Full Scholarship
Due in 89 daysDetails →

France's flagship award pays a monthly allowance plus travel and insurance, and economics and management is one of its priority fields.

Danish Government Scholarships
🇩🇰 Denmark · Bachelor's · Master's · Full Scholarship, Tuition-Free, Merit
Rolling · open year-roundDetails →

Tuition waivers, living grants or both for highly qualified non-EU students on full degree programmes at Danish universities.

Maastricht University: Holland-High Potential
🇳🇱 Netherlands · Master's · Full Scholarship, Merit
Due in 60 daysDetails →

Full scholarships for non-EU master's students on participating programmes; check whether yours is on the year's list.

Knight-Hennessy Scholars (Stanford)
🇺🇸 United States · Master's · PhD · Full Scholarship
Closed · next Oct 6, 2027Details →

Up to three years of any full-time Stanford graduate degree, the MBA included, for applicants of any nationality.

Chevening Scholarships
🇬🇧 United Kingdom · Master's · Full Scholarship
Closed · next Oct 6, 2027Details →

A fully funded one-year master's at any UK university for citizens of more than 160 countries and territories.

Erasmus Mundus Joint Masters
🇪🇺 EU-wide · Master's · Full Scholarship
Due ≈ in 96 daysDetails →

Joint master's degrees in two or three European countries, with costs covered and a monthly allowance, including programmes in economics and management.

MIT
🇺🇸 United States · Bachelor's · Need-Based Aid, Fee Waiver
Due ≈ in 21 daysDetails →

Need-blind for every applicant and meets 100% of need, for undergraduates including those studying economics.

Berea College
🇺🇸 United States · Bachelor's · Tuition-Free
Due in 50 daysDetails →

Charges no tuition to any student it admits, and aid covers housing, food and fees for international students.

Also open to business and economics

22 more routes fund business and economics among other subjects: Brown University, Commonwealth Master's Scholarships, Commonwealth Shared Scholarships, Duke University, Fulbright Foreign Student Program, Gates Cambridge Scholarship, Government of Ireland: International Education Scholarships, Harvard University, Master Mind Scholarships (Flanders), Mastercard Foundation Scholars Program, Mastercard Foundation Scholars: ASU, Mastercard Foundation Scholars: McGill, Mastercard Foundation Scholars: UC Berkeley, Rhodes Scholarships (Oxford), Romanian Government Scholarship, Stipendium Hungaricum, Türkiye Bursları, University of Bologna, University of British Columbia: International Scholars, University of Toronto: Pearson Scholarship, Universität Hamburg, Yale University.

See them all on the scholarship board →

Common questions

Can I get a fully funded MBA?

It is rare. Knight-Hennessy Scholars covers any full-time Stanford graduate degree, the MBA included, for up to three years. Most of the awards on DegreeStep fund one-year academic master's degrees, so read each scheme's course rules before you plan an MBA around it.

Which scholarships fund an economics master's in Europe?

France's Eiffel Excellence Scholarship lists economics and management among its priority fields, Denmark's government scholarships cover non-EU students on full degrees, and Erasmus Mundus and Chevening fund master's degrees in almost every subject.

Is a business bachelor's in the US affordable for international students?

It can be at colleges that meet full need for international students, such as MIT, Harvard, Yale and Princeton, and at Berea College, which charges no tuition to anyone it admits.