Online MBA Scholarships

New Scholarships for Fall 2023

Online MBA applicants for this fall can be considered for 15% merit-based scholarships. Additionally, a limited number of 50% merit-based scholarships are also available. 

U.S. military members/veterans and employees from our 11 corporate partners are automatically eligible for a 15% tuition discount or are welcome to apply for a limited number of 50% merit-based scholarships.

The 15% and 50% merit-based scholarships are awarded on a first-come, first-served basis. We strongly recommend applying by the Round 1 or Round 2 deadline for consideration.

Part-Time and Online MBA scholarships are not transferable to other degree programs and may not be "stacked" with other scholarships or discounts.


How to apply  
Candidates are invited to submit an essay to be considered for one of the 15% or 50% merit-based scholarships. Scholarships will be awarded on a merit basis to a limited number of admitted candidates who demonstrate the potential to be exemplary contributors to the Carlson School community and possess outstanding academic and professional achievements. 

The scholarship essay is not required for admission to the program or for candidates who qualify for the military or corporate discount (if admitted).  However, if military or corporate discount candidates would like to be considered for the 50% merit scholarship, the scholarship essay and two letters of recommendation are required to be submitted with the application. Please note that if a military or corporate discount partner candidate applies but does not receive the 50% merit scholarship, they will still receive the 15% tuition discount if admitted to the program.

Selected students will be notified of their award at the time of admission.

To learn more, contact us at

Details can be found on the Admission Requirements page.

Military & Veterans Club

#1 Military-Friendly Business School

The Carlson School is the No. 1 Military-Friendly® graduate business school in the U.S. We support reassimilating into an academic setting and translating your military skills into civilian ones.

Military Support

We have limited financial support for our Online MBA students with demonstrated financial need and academic merit, having served in one of the branches of the United States Armed Forces, and having been deemed a military veteran. Scholarship can range from $2,000-$5,000 per semester for up to 3 years

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.

Outside Funding & External Scholarship Resources

Students are typically employed during the program so we encourage students to use a few strategies to fund their study:

  1. Take advantage of employer tuition benefits. Many companies are willing to contribute $5,250 annually. We encourage candidates to have a conversation with their supervisor or HR to understand their companies’ employer tuition benefit.
  2. Consider moving through the program more slowly as the program is on a pay-per-credit tuition model. This could allow you to maximize annual benefits, as well as stagger personal contributions
  3. Use personal savings.

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.

Take the next step

Contact - Online MBA