5 Tips to Find a Good Business Scholarship in 2023

What should you do to get a good business scholarship in 2023? To answer this question, we are going to share tips for finding business scholarships.

01. Apply as soon as possible.

You are probably tired of this piece of advice by now, but it is essential to your success. Schools have a certain amount of funding available. That’s why the earlier you apply for a scholarship, the more you will get and the easier the process will be for you.

02. Pay special attention to the topic of the application essay.

Once you have identified suitable scholarships to apply for, the next step is to make sure that every scholarship application is well-focused on the opportunity in question. You should take some time to analyze the topic of the essay.

Identify all the keywords, take enough time to understand them, and stick strictly to the question when you are answering it. If the topic sounds difficult for you, use essay service like EssayShark. A professional writer will write an essay sample on any topic for you.

03. Have someone read your application.

Constructive feedback will not only help you identify typos or other mistakes, but it will also help you be more aware of your strengths and accomplishments. Your scholarship applications will be improved significantly after someone critically reviews them. If it’s a person who knows where you come from, they can think of things you didn’t know, as well as help you correct the essay and check your grammar.

04. Pay attention to time management.

Time management is important if you are preparing multiple scholarship applications. You should make a calendar and give yourself enough time to work on every application and make sure you submit all required papers and documents. Be patient, and ensure you manage the time properly to meet deadlines.

05. Apply!

Finally, the most common tip is very simple: stop doubting yourself! You may not be sure whether to apply because scholarships are quite competitive. But putting in the effort will be one of the best decisions you may make.

Scholarships that cover all the costs of studying in 2023

Many countries offer good business scholarships in 2023. Even if a student studies for free, accommodation, meals, and medical insurance can cost a substantial amount. We are going to talk about scholarship programs that will cover tuition, living, travel, and other fixed expenses. We have selected the largest scholarships that cover all tuition costs and are relevant for you in 2023.

DAAD, Germany

The most generous scholarship in Germany for Masters and Ph.D. students. Final-year students, graduates, as well as students already studying in the 1st year of a master’s program in Germany can apply.

Amount: monthly scholarship – 861 euros.

What covers:

Health insurance,
Traveling expenses,
Intra-university fees (a one-time student allowance is paid for this),
Based on the decision of the selection committee, DAAD may assign the scholarship holder a two-month language course at one of the German language schools.

What you need to get:

Have a bachelor’s degree obtained no later than six years at the time of application. University graduates of the current year can also participate in the competition – they need to provide a certificate from the educational institution.
Provide a test confirming knowledge of the language in which the training will take place. For German – not lower than B2, for English-language programs – IELTS 6.0/TOEFL 80.
Have not lived in Germany for more than 15 months at the time of application.

Erasmus Mundus

One of the most popular master’s programs among students. It helps to get an education in several universities of the EU countries, Canada, Chile, Japan, Bulgaria, and other countries.

Under this master’s program, students can study in at least three countries and receive diplomas from each university where they studied. Students can enroll in one of 148 programs in various natural sciences, business, technical, humanitarian, and social areas. The duration of study in the master’s program is from one to two years.

Amount: up to 750 euros – tuition fee; up to 300 euros – transportation costs; 1000 euros – accommodation and other expenses.

What covers:

The educational process at the university,
Expenses for tickets and transport,
Visits to libraries, laboratories, and other facilities
Purchase of textbooks and stationery,
Visa costs,
Health insurance,
Accommodation in the country of study.

What you need to get:

Have a bachelor’s degree. University graduates of the current year can also participate in the competition – they need to provide a certificate from the educational institution.
Have a good GPA.
Provide a test confirming knowledge of English at an IELTS level of 6.5 or more than 90 TOEFL scores.

Additional requirements depend on the specific training program.

Of course, to receive scholarships, you will need a strong portfolio, a good level of language proficiency, and a high diploma score to beat the competition from other contestants. However, getting a chance to study business for free and cover expenses is more than real.

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5 Tips to Find a Good Business Scholarship in 2023