Day: April 25, 2022

Indian Scholarships to Study Abroad: Eligibility and Rewards

5 Indian Scholarships to Study Abroad: Eligibility and Rewards

This probably won’t come as a shock to you – studying abroad is expensive.

What may be shocking is that you can apply for scholarships even if you aren’t a gold medal holder. 

Yes, there are many scholarships awarded to average scoring students as well. Here’s a non-exhaustive list. 

  • National Overseas Scholarship
  • The Lady Meherbai D Tata Education Trust
  • Aga Khan Foundation International Scholarship Programme
  • Fulbright-Nehru Master’s Fellowship
  • Erasmus Mundus Scholarship
  • Fulbright-Kalam Climate Fellowship
  • Fulbright-Nehru Doctoral Research Fellowships
  • S.N. Bose Scholars Student Exchange Program for Indian Students
  • The Inlaks Shivdasani Scholarships
  • GLOBIS Scholarships For International Students
  • International Student Accommodation Scholarships
  • India Global Leaders Scholarship

Finding the right fit may be the tricky part. That’s where this guide can help. We’ve collated a list of 5 of the, rather unknown, scholarships available to Indian students to study abroad. We’ll take you through the eligibility and application process. 

If you have any other questions regarding university applications, you can reach out to our experts at SelectRight. Use the power of AI to find the institution where you can realize your dreams. Write to us at grad@gradright.com for queries. 

But now, let’s talk about the finances. 

5 Scholarships for Indian Students to Study Abroad

5 Scholarships for Indian Students to Study Abroad
Erasmus Mundus Joint Masters Scholarship

Features of the Scholarship

Erasmus Mundus Joint Masters programs are integrated master’s courses that encourage a high level of study. It is a fully-funded scholarship for Indian students for masters. The courses are offered by a partnership of higher education institutions (HEI). The program is offered by three HEIs. Two of them must be in the EU and one can be in a partner country.

Eligibility

  • Must have completed or are in the last year of your bachelor’s program. 
  • Should have applied for or taken IELTS or TOEFL exams. You need a minimum of 6.5 in your IELTS
  • Must have completed 16 years of education

Instructions to apply

Go to the Erasmus Mundus website to look at the catalog of programs offered. The links will give you course instructions and an application link.


You will need two letters of reference, a statement of purpose, and your past academic records to apply for the course.  


There is no specific preference given to high-scoring students or those from weak economic backgrounds. This is an equal-for-all scholarship. 


The Lady Meherbai D Tata Education Trust

2. The Lady Meherbai D Tata Education Trust

Features of the Scholarship

This is a scholarship granted to Indian women who’ve completed their undergrad from a prestigious institution. This is a merit-based scholarship that covers the tuition fees for the course. You may not use this scholarship amount to cover other portions of your expenses. 

Eligibility

  • Indian women graduates from a reputed institution
  • Consistently well-performing academic records
  • Preferably secured admission, or should have applied to a reputed institution in USA, UK, or Europe. 
  • 2 years of work experience preferred 
  • Must be applying to a full-time program. 

Instructions to apply

Step 1: Request the link to the application form by emailing igpedulmdtet@tatatrusts.org. You are also required to submit the following documents. 

  • Course, specialization, and duration of the program
  • Name(s) of universities applied to ranked in the order of choice. If you’ve secured admission, enclose the offer letter. 
  • Course fee
  • Source of funding
  • Professional biodata

Step 2: The scholarship Trust office will share the application link at their discretion. If you’ve received the link, submit the form. If selected, you’ll receive an email inviting you to attend a personal interview. 

3. Aga Khan Foundation International Scholarship Programme

Features of the Scholarship

This scholarship is awarded to meritorious postgraduate students from developing countries. The Aga Khan Foundation gives part of this scholarship as half loan-based. 

Students must begin repayment 1 year after the completion of the course or 6 months after securing a job. An annual service charge of 5% is levied and the students have 5 years to repay the loan. 

Eligibility

  • Open for students originating from developing nations around the world (Indian students may apply)
  • Preferably a postgraduate student applying to a reputed university
  • This is a merit and need-based scholarship. So the applying candidate must have good academic records in order to apply. 
  • Preference for students under 30 years of age
  • Work experience in the related field is preferred

Instructions to apply

Students can obtain application forms from an AFK office in their country. Once filled in, submit the application to the same office.

Along with the application, students must submit academic and extra-curricular achievement records. 

Preference is given to candidates who have secured a secondary source of funding. 

4. S.N. Bose Scholars Student Exchange Program for Indian Students

Features of the Scholarship

This is an Indian Scholarship to Study Abroad that aims to give Indian students a chance to pursue the field of science and research. It is an exchange program where the student will get the opportunity to intern at an American university for 10-12 weeks.  

Eligibility

  • Indian student currently pursuing a bachelor’s or master’s level degree from a recognized Indian institution
  • Must be studying Atmospheric and Earth Sciences, Chemical Sciences, Engineering Sciences, Mathematical and Computational Sciences, or Physical Sciences.
    (If you’re studying in the biology field, consider applying to the Khorana program
  • Must have at least one more year to complete the degree

Instructions to apply

You can find the application form on the IUSSTF website. Attach all of the supporting documents like your past academic records, your project proposal, and a statement of purpose. 

The S.N. Bose scholarship does not give preference to economically weak candidates. This is a merit-based scholarship. 

5. India Global Leaders Scholarship

India Global Leaders Scholarship

Features of the Scholarship

This is a scholarship to study abroad for Indian students applying to the University of Queensland. This scholarship is awarded to both undergraduate and postgraduate Indian students by UQ. Students will also get privileged access to seminars and employment opportunities. 

Eligibility

  • Indian student, residing in India with a good academic record. You can’t be enrolled in a different Australian university.  
  • Received an offer letter to study a business, economics, or law program at UQ. 
  • Students who’ve been selected for the Master of Business Administration, Master of Business Analytics, and Master of Leadership in Service Innovation courses may not apply. 

Instructions to apply

Fill out the online application form on UQ’s website. You will also need to submit 

Your resume

  • A statement of purpose that states your personal and career goals
  • A reference letter from your past employer or professor

This is but the tip of the iceberg. Indian students have a lot more scholarships available to them to study abroad without the financial stress. 

Have any questions about your university applications? Write to us at grad@gradright.com

Why MBA in USA for Indian Students?

Why MBA in USA for Indian Students?

MBA?  IIMs.

Is that the answer you have been getting from everyone around you? No doubt IIMs are one of the best B-schools in India. 

Who is to contest their state-of-the-art infrastructure, experienced faculty, extensive curriculum, and placement packages? That’s enough to make your eyes go glittery.

But here’s an interesting number for you. IIM-A, one of the top B-schools in India has an acceptance rate of 0.25%

With all the quota seats and this low acceptance rate, what options do you have at your hands?

Here’s a question to answer your question. 

Did you know that the USA is the only country in the world with over 51 out of 100 globally accredited B-Schools? 

And that the average acceptance rate at the top colleges for MBA in USA is ~ 15%?

Did you get your answer? Yes, “study MBA in USA” is your answer. You know that already, of course. 

But, we know that your mind must be overpowered with a lot of questions about the decision to study in US right now. 

In that case, fret not, because we are here to help you with all of your queries. 

Read on. 

Why MBA in USA for Indian Students?

You decided to get into the top B-School in the US. 

But, then? You get surrounded with doubts about whether or not it is worth making this huge financial decision. 

These reasons will help you figure out why MBA in USA for Indian students is a good option. 

1. Top-ranking B-Schools

What are the first five things you check about a school before finalizing it?

Is ‘ranking’ one of those five things? If yes, great. If not, still great, because an institute is awarded a ranking based on its overall performance. 

So, directly or indirectly, the ranking does become an important factor in choosing a school.

But why are we talking about ranking here? Here’s why. 

If you check the QS World University Rankings 2022 for Global MBA, you would see that about 40% of the listed B-schools are from the US. Stanford Graduate School of Business takes the first position with 94.2 overall scores, followed by Harvard B-School and Penn, Wharton.

QS Global MBA Rankings: Global 2022 | Top Universities

But, the QS ranking is not the only testament to the excellence of these schools. As per the latest THE World University Rankings 2022: Business and Economics, US universities have scored the top spots. 

World University Rankings 2022 by subject: business and economics | Times Higher Education (THE)

2. Comprehensive Financial Aid

This goes without saying that the cost of studying in the US can poke a hole in your pockets. But that doesn’t mean you can’t sew it back through financial aid. 

The US has over 500 MBA universities with 270+ of them being publicly-funded. More than 340 of these B-schools offer full and partial funding options or scholarships for international students making it affordable. 

On top of that, with your great GMAT scores, you can bag scholarships that would make your dream of completing an MBA in the US a reality. And if you can’t find scholarships you are eligible for, our board of advisors is always there to help you. Write to us at grad@gradright.com and we’ll find the right person to speak with you. 

Want to know more about the scholarships and how to get them? Check out the following links:

3. High ROI/ Salary

What is even the advantage of investing lakhs or even crores in education if you are going to spend half of your career paying it back as a loan?

  • Will I be able to pay back my student loans? 
  • Will my salary package after my MBA be worth the financial investment in the course? 
  • Am I making a financial mistake or a great investment?

Having all these questions is natural. So, let’s answer them for you.

report by Statistica on ROI for top B-Schools in the US shows the numbers after 5 years of graduation. And you are going to love the numbers. The top schools can have an ROI as high as $90,000. 

• Best U.S. business schools in 2015, by ROI | Statista

About employment? Over 80% of the graduates from all universities get employed in three months.

 

And salary? With a high-ranking school, don’t even think below $100,000. Top schools like Stanford GSB and Wharton can bag you an initial package of $145K to $153K+.

 

So,

 

  • Good ROI ✅
  • Employment ✅
  • A handsome package ✅
  • A bright future ✅
  • A financial mistake ❌

4. Career Growth and Global Market Awareness

We keep hearing about how the global market is continuously changing and the need to keep up with it is of utmost importance for professional excellence. 

You completed your bachelor’s and decided to opt for an MBA.

Or maybe you are looking to advance in your career so you left your job to go for the course. 

Whatever be the case, studying and working in one of the leading economies of the world with a global brand presence in the job market definitely has its own advantages. And that too, massive.

Understanding of the global economy, US industries, international brands, and networking with industry stalwarts. Now if all of this would not help you with your career growth then what will, right?

And that is not it. 

Through extensive curricula, you will be exposed to a wide range of experiential learning, training programs, interaction with global leaders, and internships. In short, you will be served a dish called success – hot, and in a fancy bowl. 

5. Professional Networking and Increased Job Opportunities

Getting an MBA from the US puts you in close contact with over 126k MBA aspirants graduating every year in the country. Graduates with different work experience, different perspectives on the global economy, and expertise in different fields of business. 

With this, not only will you be able to expand your professional network but will also have increased chances of working with global brands. 

HQs of about 500 multinational corporations are located in the USA or its vicinity. As long as you have what it takes to get into these corporations, you can never run out of top global recruiters. 

More Reasons to Choose the US for an MBA?

  • A long list of schools to choose from. 
  • A name in the society (because graduating from one of the top universities in the world isn’t something everyone can do).
  • Over 50 specializations to choose from. 
  • The opportunity to choose among Full-time, Part-time, Executive, and Online MBA. 
  • Flexible academic environment. 

Did all of these points make you want to look for a B-school in the US now? Then this is the best time for you to select the right university for yourself.

Let’s face it, you can’t handle the data: 1000s of universities, so many cities, so many specializations, so many opportunities. Which one suits you the best? 

AI is your servant when you select your university using SelectRight. 

With SelectRight, you can find the best university for yourself and launch a new phase of your life to study MBA in USA.

How to use SelectRight to choose from the top universities in the world?

How to use SelectRight to choose from the top universities in the world?

SelectRight helps you find your best university. 

We have helped countless Indian students get into top universities in the world while saving them a lot of their time and money.

Our team will remove any and all roadblocks in your path to your next university.

What roadblocks?

Challenges While Selecting A University To Study Abroad

If you are an Indian student that wants to study abroad, there are probably a million questions flying through your head. The majority of those questions can be grouped into the following categories.

`1. Selecting The Field Of Study

When you want to do your masters abroad, selecting the right field of study is crucial. 

Here are some of the many questions that might pop into your head while you choose a field of study for your Masters.

  1. What is the scope?
  2. What career opportunities I will be looking forward to?
  3. Can I get an internship fast?

And the list goes on.

It determines your earning potential and the quality of life you will have post-graduation. This factors into how quickly you can repay your loan.

The course you choose for your Masters is specific. This means, there will be a narrow range of opportunities you can qualify for. The level of competition in a field depends on what you choose to study. 

The main reason it is difficult is that there are simply too many options. 

There are multiple colleges and multiple fields of study to choose from in each. Choosing the incorrect one might not give your career a maximum boost. Or worse, you might regret it.

2. Eligibility Criteria Of Multiple Universities

You must be planning to apply to a few universities to make sure you are not putting all of your eggs in one basket.

However, different universities or colleges have different requirements for applicants. For instance, some universities require language proficiency tests, while others are focussed on statements of purpose.

Being on top of all of that is quite cumbersome as you will be constantly under stress. Not to mention, going through the “eligibility criteria” section of those websites will take a lot of time.

Keeping all of those criteria in mind as you apply to multiple colleges will stress you out. You will constantly be thinking of a certain document that you need to submit to a certain university only to get disqualified.

Not to mention, you might also be thinking about your finances, accommodation, etc.

3. Financial Challenges And Loans

Most Indian students studying abroad take loans. Financial assistance for tuition, accommodation, and travel is not uncommon.

This adds a couple of months of hard work to every student’s application process.

Selecting a college, finding out their fee, and reaching out to banks is no joke. It takes hours of research, then weeks of waiting as the bank processes your profile. If you are looking for a collateral loan, you will also have to spend time collecting the documents.

The challenge here is that the majority of your time in this phase will be wasted. Because the majority of banks you will be applying to will give you loans with high interests that you will find difficult to accept.

Many students go to forums and ask questions about the problems they face and the doubts they have. Unfortunately, very few of them get good, reliable answers.

This brings us to the final problem that foreign-bound Indian students face.

4. Lack Of Unbiased Guidance

Last but not least.

The only people who can give you proper insights from studying abroad are those who went through that. Students and experts who are aware of the current global academic scenarios are the best sources of knowledge.

A lot of websites, blogs, and videos on the internet are sponsored by agencies and private universities. Essentially they are marketing content that will paint a picture in front of your eyes and sell that to you.

Now, the good news.

All of the above problems are solved with SelectRight.

We have highlighted five ways in which we can help you get into one of the top universities in the world.

Let’s start by looking at how easily you can choose a university.

Choose the right university - with SelectRight

1. From confusion to decision in 3 steps, with SelectRight

You don’t need to spend weeks choosing a university that is perfect for you. With SelectRight, it is as easy as A-B-C.

Choose the right university - with SelectRight​

Answer a few simple questions on SELECT and we will send you college recommendations right to your inbox.

You don’t have to:

  • Spend your valuable time looking for dozens of colleges.
  • Watch many sponsored videos or read biased articles.
  • Spend weeks or months deciding which colleges you will be applying to.

Choosing a new college should be seamless and exciting. However, going through multiple forums, bulletins, and videos takes it all away.

At SelectRight, we will do all the hard work for you so that you can relax.

We also provide a great opportunity for you to connect with others who have been in your shoes.

2. Connect with alumni and students

You can directly ask any questions you might have about studying abroad to students and alumni who already were in your position.

They will tell you about the real experience at the college of your choice so that you can make an informed decision. You only do your Masters once, so make sure that you are completely aware of the risks and rewards.

SelectRight connects you to a global network of students who went to college and are willing to help newcomers with their journey.

We will also connect you with experts who will help you with your process.

3. Expert guidance on your application

Suppose you are qualified for five different colleges. You have talked with students and alumni of each of those colleges. The problem is that all of those seem like good options and now you’re confused.

This is where our experts come in.

Our seasoned experts will analyze your profile and will let you know which college is the best for you.

How?

They will ask you about your dreams and aspirations, understand your financial situation, and give you their opinion. This will help you to choose the best from the top universities in the world.

Another challenge Indian students face while studying abroad is finances.

4. Low interest, no-collateral student loans

One of the biggest roadblocks is the finances while you are looking for colleges to study abroad. There are many students who start their college research by putting the tuition fees at the top of their priority list.

And they do it for good reason.

The amount of the loan will define the level of sacrifice your family has to make in their daily lives. No student will want to study abroad if their family has to struggle to make their ends meet.

On top of that, if the loan amount or its interest rate is huge, there will be a lot of pressure as they study abroad.

We already explained how difficult it is to secure a loan that fits your budget.

Not anymore.

With FundRight, you can save at least 2-5% of interest on your study loan.

We will have moneylenders bidding for you.

You get to choose who gets to fund you.

Since the loans we provide are non-collateral loans, you will have less paperwork to do.

Just fill up your profile, submit documents (once), and select the moneylender perfect for you.

You are five steps away from securing your funds.

Get your education loan for studying abroad approved in five simple steps.

While applying for colleges, you might have a few questions that might pop up in your head as you continue further with the application process. We have a solution for that as well.

5. Exclusive virtual events for students

On our Discord server, we host weekly events that involve students, alumni, and our in-house experts. There we answer all the queries of potential students as they gear up to join one of the top universities in the world.

This is a direct opportunity to listen to others who are in your shoes and looking forward to doing their Masters abroad. You can ask any personal questions you might have and get the answers for it. It is a great place for you to network and meet like-minded individuals.

That’s A Wrap

In short, SelectRight is the one-stop solution for Indian students who want to study abroad at top universities in the world.

From helping you select the college or university that is right for you to the right student loan that will get you there, we can help you with all.

Not only that, but we will also help you save a lot of time and money in your process.

Plus, a network of students, alumni, and experts who have your best interests at heart.

Submit your profile and we will get you started.