9 Great Scholarships for Business Majors

Flickr user Adam Grabek

Getting a substantial scholarship to complete your undergrad business studies can be a huge asset. Winning a scholarship allows you to graduate with lower debt, which means you will have extra funds to embark on your business venture. The good news is there are several very attractive scholarships awarded every year to students who choose to major in business. Each one of these scholarships has different award amounts and different criteria that applicants are required to meet.

We’ve put together a few scholarships opportunities to help you get started.

 

Mark Beaumont Scholarship Fund

Administered by the Academy of Arts and Sciences, the Mark Beaumont Scholarship Fund is awarded to students who wish to pursue a career in the business side of the art and entertainment industry after graduation. The total award of $2,500 is available to students enrolled in full-time undergrad programs in business management, business development, executive leadership, finance, public relations or marketing.

To be eligible for this scholarship, you must have a minimum GPA of 3.3. The scholarship administrators select beneficiaries of the funds based on GPA as well as demonstration of leadership qualities and financial need.

NFIB Young Entrepreneur Awards

If you have already run your own successful small business and are looking to pursue further education in business, you may be eligible to apply to the NFIB Young Entrepreneur Awards scholarship program. Established in 2003, the NFIB scholarship program awards substantial funds to students every year to help with the cost of tuition.

In addition to launching your own business, you must also demonstrate outstanding leadership skills, both in your business and in the classroom in order to win this award.

Abercrombie & Fitch Future Leaders Scholarship

The Abercrombie & Fitch Future Leaders Scholarship is administered by the Adelante! U.S. Education Leadership Fund. Incoming sophomores, juniors and seniors who are pursuing a degree in business through a full-time, 4 year recognized program are eligible to apply for this award of $1,000.

In addition to having a minimum GPA of 3.0, applicants must also demonstrate participation in community service.

Jane M. Klausman Women in Business Scholarship

Administered by Zonta International, the Jane M. Klausman Women in Business Scholarship is intended to help female applicants interested in pursuing a business or business-related program of study. The award amount, which ranges from $1,000—$7,000, is awarded to female students who have an exceptional academic record overall and in business-related subjects in particular. Applicants who can demonstrate initiative and commitment to a career in business have a higher chance of winning a higher award amount to fund their college education.

AFCEA Young Entrepreneur Scholarship

This is another attractive scholarship that is awarded to students who have already launched their own small business. All high school and college students who demonstrate strong entrepreneurial skills are eligible to apply for this annual award of $2,000. Applicants must have a strong resume and a minimum GPA of 3.0. An outstanding personal statement is often the deciding factor for this highly competitive award. You can apply for this scholarship every year, as long as you are enrolled in a full-time, four-year business program in an accredited college.

Proton OnSite Scholarship and Innovation Program

Administered by Proton OnSite, this scholarship is for applicants who are currently attending a US high school, college or university. There’s a whopping $25,000 on the table for students who propose a compelling hydrogen-related business idea and meet the other rigorous requirements. To avail of this award, applicants are required to submit an essay based on given prompts that related to hydrogen generation and renewable energy.

Applications are assessed on several criteria including the essay submitted, community involvement, demonstrated leadership in the school and community, and work ethic. Much weight is given to thoroughness, attention to detail, presentation and practical potential of the hydrogen-related business idea.

HubShout Internet Marketing Scholarship

Administered by HubShout, the HubShout Online Marketing Scholarship awards two $1,000 to students who are keen on attending a business or marketing career that will lead to a career that involves online marketing.

Scarlett Family Foundation Scholarships

The Scarlett Family Foundation Scholarship was established to help students from low-income families in Tennessee. Applicants must be currently pursuing a four-year degree in a field related to business and must have a minimum GPA of 2.5. This includes business management, accounting, administration, or finance. The award amount ranges from $2,500 to $25,000 and is offered based on related qualifications and financial need. Winners are eligible to apply every year as long as they are enrolled full-time in an approved business-related program.

Domo Scholarship for Business Management

The Domo Scholarship for Business Management awards $2,500 to college students who are attending a full-time program in business at a four-year college or university in the United States. All applicants must show an interest in analytics and are required to write a 500-word essay and complete a survey that meets the guidelines that are provided.

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