Full-Time MBA Scholarships

Between funding from the Dean of the Carlson School and generous support from the community, merit-based scholarship opportunities are available for Full-Time and Management Science MBA students. Corporate benefactors include 3M, Ameriprise, Deloitte, Donaldson Company, H.B. Fuller, Hubbard Broadcasting, and Mairs & Power. Individual benefactors are often successful alums of the program who feel strongly about giving back to the Carlson School by helping to ease the financial burden of future MBA students.

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Scholarships & Support

$2.0M

in merit-based scholarships available

90%

of the class of 2022 received a scholarship award

$29k

average scholarship per year

A group of students posing in front of a walk and repeat at the Undergraduate Scholarship Reception

Finance Leaders of Tomorrow: A Funds Enterprise Scholarship

We prioritize sustainability and long-term success, leading us to create the Finance Leaders of Tomorrow scholarship. It aims to bring diverse voices to the investment business and offers full tuition for the Full-Time MBA and MS Finance programs. Recipients receive mentorship, connections with our network, and career opportunities, fostering growth for future generations.

Learn about Funds Enterprise

Internal Scholarship List

The Carlson School and the University of Minnesota award a number of academic merit-based fellowships and scholarships. The Full-Time and Management Science MBA program automatically considers applicants for all scholarships for which they are eligible. Unless noted in the descriptions below, no special application is required for these scholarships; however, we urge candidates to submit their applications for admission by the first or second round deadlines for full consideration.

Merit-based scholarships awarded in varying amounts from partial tuition waiver scholarships to full tuition waiver scholarships plus a stipend for living expenses. Eligibility for consideration open to all admitted candidates based on merit.

  • Carlson School Deans Fellow Scholarship
  • Carlson School Associates Fellow Scholarship

Merit-based scholarships for University of Minnesota alumni; awards are partial to full tuition waiver scholarships.

  • John and Nancy Lindahl U of M Alumnus Fellowship

Merit-based scholarships specifically designated for women studying in the MBA program; awarded in varying amounts from partial tuition waiver scholarships to full tuition waiver scholarships plus a stipend for living expenses. Some of these awards, such as the Forté Foundation Fellowships, also include a variety of leadership and career development opportunities.

  • Forté Foundation Fellowships
  • Arlene Carlson
  • Carlson Family Foundation MBA Fellowship
  • Chris and Amy Koch MBA Scholarship
  • James and Lisa White MBA Fellowship
  • Judith and Richard Corson MBA Fellowship
  • Laura Moret MBA Fellowship
  • Marcia Page Fellowship
  • Mary Pat Blake MBA Fellowship
  • Rae Carter and Lowell Schwab MBA Fellowship
  • Roberta Petrick Scholarship
  • Thia Breen MBA Fellowship

Merit-based scholarships with preferred selection criteria for diverse candidates; awarded in varying amounts from partial tuition waiver scholarships to full tuition waiver scholarships plus a stipend for living expenses.

  • National Black MBA Association (NBMBAA) - Twin Cities Fellowship
  • Reaching Out MBA (ROMBA) Fellowship
  • Ronald and Patricia Mangelsdorf MBA Fellowship
  • Regis MBA Fellowship

Merit-based scholarships specifically designated for those who are currently serving in, or are veterans of, the U.S. military; awarded in varying amounts from $5,000 to full tuition plus a stipend for living expenses.  Many of these scholarships are intended to supplement a student’s GI Bill funding, and can be used for any expense related to MBA study, including, but not limited to, tuition, fees, books, supplies, and living expenses.

  • 3M Military Veterans Fellowship
  • Bruellman Military Fellowship
  • Buuck Family Military Veterans Fellowship
  • Carlson School Veterans Fellowship
  • Deloitte Military Veterans MBA Fellowship
  • Gatens/Benson Military Veterans Fellowship
  • Graco Military Veterans MBA Fellowship
  • H. William Walter MBA Scholarship Endowment
  • John and Nancy Lindahl Military Veterans Fellowship
  • MBA Classes of '00 and '02 Leadership Fellowship
  • Michael and Judy Mee MBA Fellowship
  • Newman's Own Military Veterans Fellowship
  • Polaris Military Veterans MBA Fellowship
  • Rangen/Erickson Military Veterans MBA Fellowship
  • Torgerson Family Military Veterans Fellowship
  • United Healthcare Military Veterans Fellowship
  • Victor and Fern Bates Scholarship
  • William and Jane Dudley Military Veterans MBA Fellowship

Merit-based scholarship for candidates from Minnesota, or for University of Minnesota alumni; awards are partial to full tuition waiver scholarships.

  • Dwight and Marjorie Peterson Fellowship Fund

Merit-based scholarships specifically for international students; awards are partial to full tuition waiver scholarships.

  • Harrison Scholarships
  • Ip MBA Scholarship

Merit-based scholarships with selection criteria that specify a specific intended area of study or interest in a specific Enterprise program; awards are partial to full tuition waiver scholarships.

  • 3M MBA Fellowship
  • Ameriprise Financial MBA Fellowship
  • Finance Leaders of Tomorrow: A Funds Enterprise Scholarship
  • Dennis and Barbara Senneseth MBA Fellowship
  • illbruck International Business Fellowship
  • William N. and Ruth M Westhoff Fellowship

Merit-based scholarships awarded to cover the study abroad costs of the required Global Experience; awards typically cover the program fee and include a small stipend for air fare and other expenses.

  • Dean and Amy Sundquist Global MBA Scholarship
  • Townley Memorial Scholarship

Merit-based scholarships awarded in varying amounts. Eligibility for consideration open to all admitted candidates based on merit.

  • MBA Class of 2006 Scholarship
  • MBA Class of 2007 Scholarship
  • MBA Classes of 2008 and 2011 Scholarship
  • Donaldson Company Scholarship
  • Robert L. Carter Endowed MBA Scholarship
Veteran's and Military Celebration Night

Military Fellowship

The Carlson School offers 16 funds that provide numerous awards to active military and veterans who join the MBA program. One example is the Gatens/Benson Military Veterans Fellowship which was created by a Vietnam veteran and MBA alum in memory of two friends, Martin J. Benson, a Marine pilot who was killed flying medevacs in Vietnam and Daniel M. Gatens, who also served in Vietnam and died at an early age.

Military Scholarships

All Full-Time MBA military candidates receive support from the Carlson School. Scholarship awards for our Full-Time MBA military candidates range from $7,500 to full tuition with a stipend for living expenses. Dollar amounts depend in the caliber of the application and the amount of GI Bill benefit the student is receiving. To provide financial support for students who are committing to full-time graduate study and attending our Full-Time MBA program, scholarships are awarded based on: 

  • academic and professional merit 
  • having served in one of the branches of the United States Armed Forces 
  • having been deemed a military veteran
  • Buuck Military Veterans MBA Fellowship 
  • Deloitte Military Veterans MBA Fellowship 
  • Donald & Lorraine Freeberg Military Vets Fellowship 
  • Gatens/Benson Military Veterans Fellowship 
  • Graco Military Veterans MBA Fellowship 
  • H. William Walter MBA Fellowship 
  • John & Nancy Lindahl Military Veterans Fellowship 
  • MBA Class of 2000 & 2002 Leadership Fellowship 
  • Michael & Judy Mee Fellowship Military Veterans Merit Fellowship 
  • Newman's Own Military Veterans Fellowship 
  • Polaris Military Veterans MBA Fellowship 
  • Rangen/Erickson CSOM Military Vets MBA Fellowship 
  • Robert Potts Military Veterans MBA Fellowship 
  • Torgerson Family Military Veterans MBA Fellowship 
  • United Healthcare Military Veterans MBA Fellowship 
  • Victor & Fern Bates Scholarship Wiehoff Family Military Veterans Fellowship 
  • William and Jane Dudley Military Veterans Fellowship

Veterans attending the University of Minnesota will be assessed resident tuition rates for their degrees. The resident tuition waiver will be automatic for veterans with a DD-214 on file that receives educational benefits. For more information or to receive in-state resident rates, please submit a copy of your DD-214 to University Veterans Services.

Other Scholarship Sources

We encourage all MBA applicants to explore external scholarship opportunities to support your MBA experience. Below is a selection of sample external scholarships with links to information on their requirements and applications. This list is not all-inclusive. Students may be eligible for company and individual scholarships and graduate assistantships that require special applications. Graduate assistantships are only available to second-year MBA students.

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