• 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.