• Management Masters

Funding Your Dreams: Scholarships for Europe

Whether you are deciding to pursue an MBA or an MIM degree at a top school abroad, the one variable which all students need to consider is the matter of financing their education. While we’ve already written an entire article with an overview of the costs and financing options involved (check it out here!), today we’re looking specifically at scholarships.



Scholarships for studying in Europe


Merit-based scholarships can be broadly divided into two categories: school specific or external. As the name indicates, school specific scholarships are offered to students enrolled in a particular university, such as Rhodes Scholars at Oxford or Knight Hennessey Scholars at Stanford. External scholarships on the other hand are offered to a wider pool of candidates. They can be categorized based on country of origin, country of study, professional background, economic status and so on.


While there might be a wider pool of eligible candidates for external scholarships, many students do not do their research and miss out on huge funding opportunities! So, to make sure you do not make the same mistakes, we’re here to get you started with a to-the-point brief on some of the biggest external scholarships for students studying in Europe!


Eiffel Scholarship


The Eiffel Excellence Scholarship Program was established by the French Ministry for Europe and Foreign Affairs with the intention to attract high quality international students to post graduate programs in France. Students up to 25 years of age from developing countries are eligible for the scholarship.


The scholarship is very comprehensive, and recipients receive:

  • A monthly allowance of €1,181 throughout the duration of their program.

  • An international round trip from their home country to/from France.

  • Assistance with housing.

  • Health insurance

  • Cultural activities such as weekend trips, sports and other events, and short stays for 3-4 days.

To be selected for the Eiffel Scholarship, applicants need to receive an admit from their university and further, need to be shortlisted by the university for the scholarship. Once shortlisted, students receive details to apply for the Eiffel scholarship separately.


Since the deadline for the scholarship is quite early in the year, in most cases students must apply and receive an admit in Round 1 to be eligible for the scholarship.


Charpak Scholarship


The Charpak Master’s Program Scholarship is designed to support students pursuing a one/two-year Master’s program in France for all streams and fields of study. Applicants must be Indian nationals who reside in India and are at most 30 years old at the time of application. The Charpak AME Scholarship (Allocation Mensuelle d’Entretien) provides the following for selected candidates,

  • Living allowance of €700.

  • Student visa and Etudes en France fee waiver.

  • Tuition fee waiver up to €5000.

  • Assistance to find affordable student accommodation.

The application for the scholarship includes academic results, professional experience (if relevant), a statement of purpose and other supporting documents. Knowledge of French, recommendation letter from the university, and a tie-up between the applicant’s current Indian institution and future French institution are all also beneficial but not compulsory.


Chevening Scholarships


Chevening scholarships are offered to students pursuing a one-year Master’s program in the UK. To be eligible to apply for the scholarship, the student must be a citizen of a Chevening eligible country, have at least 2 years of work experience, must return to their home country for a minimum of two years after their award has ended, and must apply/have applied to at least three different eligible UK university courses.


Recipients of the award receive:

  • Tuition fees

  • A monthly living allowance.

  • An economy class return airfare to the UK.

  • Additional grants and allowances to cover essential expenditure.

The application for these awards is highly competitive, and include an online application, references, and interviews. However, references and documents only need to be provided by those applicants who are shortlisted based on their initial application.


British Council scholarships


The British Council, by itself and in partnership with other organizations, offers many scholarships for Indian students. These scholarships look to support students from different backgrounds who are keen to pursue their higher education in the UK in different fields and offer varying amounts of support and funding. Some of the most popular ones include,


Commonwealth Scholarship and Fellowship

  • Applicable for one-year Master’s courses in the UK

  • Covers international travel, tuition fee, and maintenance & other allowances.

  • Initial selection carried out by Ministry of Human Resource Development (MHRD), Department of Education, and Government of India.

GREAT Scholarships India

  • Offers 32 scholarships from UK universities, across a variety of subjects for students from India for one-year Master’s courses.

  • Scholarship amount is worth a minimum of £10,000 towards tuition fees.

  • Applicants are to be made individually through the specific eligible universities where the students wish to apply for their Master’s program.


Although all the scholarships we have listed above are incredibly generous and could be a massive advantage for any student, it is important to remember that these are just the tip of the iceberg. If you want to know all the options that you are specifically eligible for, it is up to you to do your research and make sure you explore every opportunity!

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