MBA Scholarships In Sweden For Indian Students 2024

Sweden has emerged as one of the top study-abroad destinations where students enjoy the benefits of studying in a European country at affordable fees. With over 50 universities offering more than 900 graduate programs, MBA happens to be a versatile degree that equips students for management and executive roles across various industries. Considering the cost factor is always a key aspect for students when selecting a destination to study abroad. You have the opportunity to apply for institutional scholarships, Swedish government scholarships, or even secure fully funded scholarships in Sweden. In this blog, we shall explore the eligibility criteria, coverage amount, and factors considered for awarding MBA scholarships in Sweden.

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Cost of MBA in Sweden

The cost of an MBA in Sweden for international students varies depending on the university and program duration among other factors. MBA tuition fees in Sweden range from 80,000 SEK to 600,000 SEK per year. Top-ranked universities in Sweden may have higher tuition fees. International students should also budget for living expenses, including accommodation, food, transportation, and personal expenses. This cost comes from 6,50,000 INR to 50,00,000 INR per year for Indian students, which is relatively cheaper than other study-abroad destinations such as the USA and the UK.

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Best MBA Scholarships in Sweden

Now that we have discussed the cost and benefits of an MBA, let us look at some of the top business schools offering MBA scholarships in Sweden:

1. Stockholm School of Economics
2. Uppsala University
3. Lund University School of Economics and Management
4. Gothenburg University School of Business, Economics, and Law
5. Jonkoping International Business School
6. Chalmers IPOET Scholarship

These universities offer MBA scholarships in Sweden to attract talented students by providing financial support to help them pursue their academic goals. Below are the scholarship offerings and eligibility criteria for the above-mentioned institutional scholarships:

Stockholm School of Economics MBA Scholarships

• The executive MBA students at SSE are eligible for scholarships jointly provided by the Dagens Industri, utbildning.se, and Stockholm School of Economics.
• The scholarship applicants must possess a bachelor’s degree, English language proficiency test scores, and at least 5 years of relevant work experience.
• The amount of scholarship covers the full tuition fee except the expenses related to accommodation, food, travel, and boarding expenses.
• Every year around 12 to 15 applicants are asked to submit full applications for the MBA program out of which 5 to 7 finalists are shortlisted for the interview round with the jury.
• The scholarship deadline is May 31, 2024.

Uppsala University Global Scholarship

• Uppsala University awards scholarships to international fee-paying students applying for a master’s degree program.
• The scholarships are highly competitive and only about 2% of the applicants are chosen as recipients.
• Recipients of the scholarship receive the full cost of tuition fees. The scholarship does not contribute to the living expenses.
• If you wish to avail of the Global Scholarship, you must select Uppsala University as the first choice for admission to the University Admissions.

Lund University Global Scholarship

• The Lund University annually awards the Global Scholarship to several new and outstanding international students.
• As a top 100 university where students from around the globe apply, the scholarships are highly competitive.
• The scholarships are awarded to students with a record of excellent academic performance.
• The amount awarded may cover full or partial tuition fees depending on the budget allocated to the program and not on the student’s academic performance. However, it must be noted that the scholarship will not cover the living expenses.
• If you wish to be considered for the scholarship, select Lund University as your first choice in your application at ‘universityadmissions.se’.
• To apply for the scholarship, submit a motivation letter within 600 words in the scholarship application portal. 

Gothenburg University School of Business, Economics, and Law

• The Richard C. Malmsten Memorial Foundation Scholarship is awarded to deserving students at the School of Business, Economics, and Law.
• The scholarship covers a part of the tuition fees which is 100,000 SEK for 2 years.
• The selection criteria are based on the admission requirements to the School of Business, Economics, and Law.
• Applicants are ranked based on their GMAT scores. A minimum total GMAT score of 485 is recommended for scholarship selection.
• It is important to apply to the master’s program as your first priority for admission to be considered for the scholarship.
• It must be noted that students without a GMAT score are not eligible for the scholarship.

Jonkoping International Business School Scholarships

• MBA students at Jonkoping University are considered for limited scholarships that cover partial tuition fees.
• Scholarships are awarded based on academic merit and excellence in the previous program of study.
• The scholarship value is equivalent to 30% of the tuition fees.
• International students are required to submit an online application with letters of recommendation, and an individual statement.
• Applications for the scholarship usually begin in mid-October and conclude in mid-April.

Chalmers IPOET Scholarship

• Chalmers awards generous scholarships to fee-paying international students. Some of the scholarships are self-administered while others are administered by external foundations and associations.
• A separate application must be submitted to apply for the scholarship after completing the application at universityadmissions.se.
• The IPOET scholarships offer a 75% waiver of tuition fees funded by the Swedish government.
• Further, students who maintain high academic standards in their first year of study may receive an increased tuition fee waiver of 85% during the second year of study.
• Every year Chalmers awards IPOET scholarships to 35 individuals based on academic excellence measured by a weighted average grade of at least 80%, home university’s position on global rankings, and order of priority for Chalmer’s master's programs.

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Factors Considered for MBA Scholarships in Sweden

When applying for MBA scholarships in Sweden, several factors are considered by scholarship committees. Based on various factors, scholarship committees assess how well applicants align with the values and mission of the institution. These factors may vary depending on the scholarship program, but here are the common considerations:

• Academic merit: Scholarships prioritize applicants with strong undergraduate GPAs, high GMAT/GRE scores, and relevant coursework.
• Work experience: While not always mandatory, having professional experience can bolster your application, showing real-world skills and maturity.
• Leadership potential: Scholarship committees look for evidence of leadership through initiative, effective teamwork, and the ability to innovate.
• Personal statement: A well-crafted essay is crucial, explaining your career aspirations, reasons for pursuing an MBA, and how the scholarship supports your goals.
• Letters of Recommendation: Essential for both admission and scholarships, these letters should highlight your academic and professional achievements.
• Financial need: Some scholarships assess financial need and require documentation of family income to demonstrate this aspect.
• Diversity: Aimed at enhancing cultural diversity, certain scholarships focus on applicants from specific countries or backgrounds.
• Community involvement: Active engagement in community service or extracurricular activities reflects a commitment to social contribution and leadership.

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How to Find MBA Scholarships in Sweden for Indian Students?

Securing MBA scholarships in Sweden requires thorough research to pinpoint financial aid opportunities that align with your academic and career aspirations. You can uncover these scholarships by using the resources discussed below:

1. University websites: Start your search for MBA scholarships in Sweden on the websites of B-schools offering management programs. Here, you’ll find dedicated scholarship pages detailing eligibility, application processes, and deadlines. For more guidance, reach out to university financial aid officers.
2. University websites: Start your search for MBA scholarships in Sweden on the websites of B-schools offering management programs. Here, you’ll find dedicated scholarship pages detailing eligibility, application processes, and deadlines. For more guidance, reach out to university financial aid officers.

• Scholarship databases: Use online scholarship databases to refine your search by program, location, and residency. These platforms offer a wide listing of scholarships, simplifying the identification of suitable opportunities. You can also use GyanDhan’s scholarship portal which has listed several scholarships based on different countries and programs. 

• Government websites: Indian students can explore the websites of government agencies or education-related departments for additional scholarship options awarded at the national level.

Also Read: Scholarships for Indian Students in Sweden

Overall, the quality of education, the standard of living, career advancement, and growth opportunities available in Sweden make it an attractive destination for international students planning to pursue an MBA. A successful MBA in Sweden with a scholarship can be achieved with careful budgeting and financial planning. Connect with GyanDhan to hear from experts and get complete guidance with your MBA scholarships in Sweden for Indian students. For more scholarship opportunities in Canada, explore GyanDhan's scholarship portal.

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