Top Scholarships Every Business Major Should Know About

Are you a business major with big dreams of becoming the next visionary leader or innovative entrepreneur? If so, you’re likely aware that the road to success often starts with a quality education—and that comes at a price. Tuition, textbooks, and living expenses can add up quickly, leaving many students wondering how to fund their ambitions.

Here’s the good news: there are scholarships specifically designed to support aspiring business leaders like you. These awards don’t just alleviate the financial burden of college; they also open doors to invaluable opportunities like mentorship, internships, and networking with industry professionals. Whether your passion lies in supply chain management, entrepreneurship, or global finance, there’s a scholarship tailored to your goals. The cost of your business degree doesn’t have to put you in the red! 

Ready to take the next step? Let’s dive into the 10 scholarships every business major should know about to fund your education and jumpstart your career.

It's time to get the money you want to achieve your business dreams and take the first step toward your successful future. Now, let's check 10 great scholarships that every business major should consider. 

• Award: $12,000
• Eligibility: Selection is based on academic merit, professional experience, or individual achievement. Scholarship funds are for use towards tuition and fees only.

The CIAM Academic Excellence Scholarship is targeted toward high-achieving students who exhibit academic brilliance and professional promise. Whether the student has recently graduated with outstanding grades or has distinguished himself or herself professionally in the workplace, this scholarship bridges the gap in advanced education. Underwritten by CIAM Board Members Mr. and Mrs. Shao, the program ascertains that recipients can focus on academic growth without financial distractions.

• Award: $10,000
• Eligibility Full-time undergraduate students attending an accredited U.S./Canadian college/university and majoring in supply chain management or business forecasting.

This scholarship represents the ever-growing importance of supply chain management in the world business field. It's tailored for those students with a strong taste for logistics, operations, and business forecasting. Titled after the fictional innovator from Ayn Rand's Atlas Shrugged, it is a tribute to those visionary thinkers who seek to transform systems related to supply chains. Selection as a recipient not only reduces the financial burden but also secures them a place among the potential leaders in this important field.

• Award: Varies
• Eligibility: Students pursuing academic programs in sanitary liquid waste management or related industries.

The NAWT William Hapchuk Memorial Scholarship is ideal for those students who would like to work at the nexus between environmental science, business, and infrastructure management. The scholarship offers financial assistance to candidates committed to public health, environmental safety, and operational efficiency. It emphasizes the important role that business strategies play in driving innovative environmental and industry practices.

• Award: Up to $30,000
• Eligibility: Graduating high school seniors in Tennessee with plans to pursue a business or STEM degree at a four-year, non-profit college. Demonstrated financial need.

This very generous scholarship invests in the leaders of Tennessee's future through education. It is targeted at students who have a vision for innovation in either business or STEM. In addition to funding, students often get an opportunity to connect with professionals committed to community development. The Scarlett Family Foundation prepares students for excellence and long-standing careers contributing to the economic growth within the region.

• Award: Varies
• Eligibility: The candidate must be an undergraduate student, raised by single mothers in the University of Toledo's College of Business.

The Kinsey Determination Scholarship is more than financial aid; it's a badge of resiliency and hard work. Designed for students who have grown up facing singular challenges, this scholarship prizes personal accomplishment and strong moral values. Recipients are not only given the means to pursue their education but also celebrated for their determination to succeed personally and academically.

• Award: $211,280
• Eligibility: Students coming into the University of St. Thomas as freshmen and majoring in business.

This groundbreaking scholarship covers full tuition and specially tailored leadership programming for a very special cohort of students. The GHR Fellows Program is so much more than tuition; it is an integrated developmental experience that includes mentorship, professional development, and networking opportunities. Graduates of this program are prepared to take on leadership roles in business and drive significant value within their respective fields.

• Award: $88,000
• Eligibility: Females or allies majoring in any majors in the fields of engineering and information technology.

The scholarship is specifically oriented towards increasing the number of females in the fields of technology and business. This grant joins financial help, mentorship, and job placement for business majors pursuing technology-oriented industries. Recipients join a network of highly motivated students and professionals alike who are committed to the growth and advancement of diversity in the workplace.

• Award: $1,500
• Eligibility: High school seniors from Southwest Georgia pursuing degrees in agriculture, business, finance, or related fields.

This scholarship supports students in merging business knowledge with agricultural expertise. Be it revolutionizing farm management, agri-business, or agricultural finance, this scholarship will help you build foundational skills that will help in building a sustainable future. Quite a good opportunity for students who want to make a difference in their local agricultural communities.

• Award: $144,792
• Eligibility: Entering freshman attending St. Mary's University who demonstrates academic excellence, leadership, and service.

Thanks to the generosity of alumnus Bill Greehey, this scholarship fully funds tuition, housing, and professional stipends for four years. It's a comprehensive package designed to mold well-rounded business leaders. In addition to the money, recipients are afforded unique experiences such as service-learning projects, leadership seminars, and mentorship programs that prepare students for influential roles in their careers.

• Award: Up to $25,000
• Eligibility: undergraduate students in the U.S., studying in one of the critical languages in regions critical to U.S. interests.

While not specific to business majors, the Boren Scholarship nonetheless changes the game for anyone wanting to tackle an international business. Funding study programs abroad in less-often-represented regions of the world, this scholarship arms its recipients with valuable cultural insight and language. In return, students commit to public service roles, often in areas that combine global business and diplomacy.

In addition to the scholarships listed above, many programs are designed to support underrepresented groups in business. For instance, the National Black MBA Association (NBMBAA) offers scholarships for African American students, and the Forté Foundation provides funding for women pursuing business careers. These scholarships not only provide financial aid but also foster networking and mentorship opportunities, helping you succeed in the competitive world of business.

Looking to apply for these scholarships? Start by visiting their official websites or trusted scholarship platforms like Fastweb or Scholarship.com. Additionally, your university’s financial aid office often maintains a list of scholarships tailored to business majors. Don’t forget to explore local opportunities through community organizations, as these are often less competitive.

Wondering how to get your own firsthand experience in the world of business, but having difficulty as a teenager? It can be discouraging to strike out on your own.

Don’t worry. We’ve rounded up some helpful resources to help you establish your resume, expand your horizons, and build a professional network, all with high school students in mind.

• The Best High School Clubs For Future Business Majors
• Skills You Should Learn If You Want To Major In Business
• The Best High School Clubs For Future Business Majors
• Business Opportunities for High Schoolers
• Startup Internship Program for High School Students | Empowerly
• Passion Project Program for High School Students | Empowerly

Many scholarships require a compelling essay as part of the application process. Here are some tips to make your essay stand out:

• Be Authentic: Share your unique story and career goals to make a memorable impression.
• Highlight Leadership: Demonstrate how you’ve taken initiative, whether in clubs, projects, or community efforts.
• Tailor Each Essay: Customize your essay to reflect the specific mission and values of the scholarship provider.
• Seek Feedback: Ask mentors, teachers, or peers to review your essay before submission.
  Remember, your essay is your chance to make a personal connection with the selection committee—use it to show them why you’re a perfect fit!"

Why else should you get involved? These programs offer the opportunity to distinguish yourself from peers applying to similar college programs later on. Not to mention, any of the experiences listed here will provide you with excellent material to write your scholarship applications!

Whether you’re starting your college application process or just beginning to search for options, it’s good to know what colleges are out there. The initial stages of this research can be overwhelming, but Empowerly is here to help.

These are some of the top business schools in the US, organized by region:

• Northeast
• Northwest
• Midwest
• Southwest
• Southeast

Securing a business degree is more than just a milestone—it’s a gateway to exciting opportunities in a competitive, fast-paced world. Scholarships play a vital role in not only making higher education more accessible but also providing experiences that set you apart in the job market.

But navigating the application process for these coveted awards can be challenging. That’s where Empowerly steps in. Our team of experts specializes in helping students craft winning applications, sharpen their essays, and create personalized strategies for success. From securing scholarships to advancing your career goals in business, Empowerly is your partner every step of the way.

Take control of your future today! Schedule a consultation with Empowerly and start building the foundation for your business success.