Merit Aid and Scholarships

Olin MBA Fellows

Babson MBA Fellowships are awarded to highly qualified, full-time MBA candidates.  Each Fellow receives a full-tuition award.

The Babson MBA Diversity Leadership Fellowship is full-tuition scholarship awarded to those students with the greatest potential for leadership in creating a richly diverse MBA community at Babson.  No separate application is required; recipients are selected based on the strength of each candidate's admission application. Members of the following organizations are strongly encouraged to apply for admission to Babson: National Association of Black Accountants (NABA), National Society of Hispanic MBAs (NSHMBA), Association of Latino Professionals in Finance and Accounting (ALPFA), Management Leadership for Tomorrow (MLT), Latino Professional Network, National Association of Asian American Professionals, National Black MBA Association, and Posse Foundation alumni.

The Price Babson MBA Fellowship, a full-tuition award, is awarded based on entrepreneurial experience, academic and personal accomplishments, and financial need. Candidates for the Two-Year MBA program are invited to submit an essay highlighting their entrepreneurial accomplishments. Financial need will be determined using the 2013-2014 Free Application for Federal Student Aid (FAFSA) available at www.fafsa.gov (U.S. citizens and Permanent Residents only).

President’s MBA Scholars receive $30,000 per academic year for the Two-Year MBA program and $45,000 per academic year for the One-Year MBA program. Scholars are full-time MBA candidates and are expected to provide leadership in the classroom and Babson community.

Dean’s MBA Scholars receive $20,000 per academic year for the Two-Year MBA program and $30,000 per academic year in the One-Year MBA program. Scholars are full-time MBA candidates and are expected to provide leadership in the classroom and Babson community.

The F.W. Olin Graduate School of Business is a founding member of the Forte Foundation, a consortium of educational institutions, businesses, and nonprofit groups. The mission, shared by Babson, is to increase the number of women business owners and business leaders and to support their careers through business education and networks. Forte Foundation Fellowships in the amount of $20,000 per year will be offered to exceptional women candidates in the Two-Year MBA program.

Babson College, in partnership with the Fundación Mexicana Para La Educación (FUNED), offers up to two (2) $10,000 scholarships annually to selected incoming MBA or MS students who are Mexican nationals. FUNED is a not-for-profit private foundation whose mission is to help Mexican college graduates develop their potential to become leaders in their country. The agreement provides the opportunity for incoming MBA and MS students to apply for a loan from FUNED covering up to 40% of the total educational cost, not to exceed $20,000 for one year and $40,000 for two years.

There is no separate application for the FUNED Scholarship at Babson; Mexican nationals will be considered based on their admission application materials. Candidates are subject to the normal admission requirements and merit award criteria established by Babson College. Scholarship recipients will be notified at the time of admission.  Recipients who are in the Two Year MBA program who continue in good academic standing will have the FUNED Scholarship renewed for their second academic year at Babson.  

Olin Scholars receive $10,000 per academic year for the Two-Year MBA program and $15,000 per academic year for the One-Year MBA program. Scholars are full-time MBA candidates and are expected to provide leadership in the classroom and Babson community.

Candidates for the Two-Year MBA program are invited to submit an essay concerning their entrepreneurial accomplishments. Recipients receive $10,000 per academic year based on significant entrepreneurial experience.

Women’s Leadership Awards in the amount of $10,000 per academic year for the Two-Year MBA program and $15,000 per academic year for the One-Year MBA program are offered to selected full-time MBA candidates upon admission. Awards are made on the basis of demonstrated leadership in career and other life activities, and a vision of how the Babson MBA will enable the candidate to further develop her leadership potential.

Established by the Post-9/11 Veterans Educational Assistance Act of 2008, the Yellow Ribbon Program provides veterans with supplemental education funding, beyond the basic benefits, by matching contributions made by a participating college or university. Starting in 2013-2014, qualifying students at Babson will receive an annual $20,000 Yellow Ribbon Scholarship, $10,000 of which is funded by Babson and matched by $10,000 from the Veterans Administration. Candidates should send a copy of the VA Certificate of Eligibility to Babson’s VA Certifying Official in the Registrar’s Office. The limited number of scholarships are awarded on a first-come, first-served basis.

Paul D. Coverdell Fellows Program

Graduate Assistants work in a variety of academic and administrative departments across campus doing research, program development, and project coordination. Assistantships in the amount of $8,000 per academic year are awarded to selected full-time students based on merit. Recipients are expected to work 10 hours per week for 12 weeks each semester.

Babson Scholars receive $5,000 per academic year for the Two-Year MBA program and $7,500 for the One-Year MBA program. Scholars are full-time MBA candidates and are expected to provide leadership in the classroom and Babson community.