Studying abroad comes with a lot of expenses. However, it must not be bound by financial constraints. One can qualify for scholarships if one meets the eligibility parameters set by the Universities.
Furthermore, Indian students can apply for a range of scholarships to fund their education overseas. These are designed to cover one’s tuition and accommodation fees. This LeapScholar blog outlines the importance of appearing for exams such as GMAT, GRE, TOEFEL and IELTS for scholarships exams for studying abroad.
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What Are the Scholarships Available with Competitive Exams for Studying Abroad?
As mentioned above, it is imperative to sit for competitive exams such as GMAT, GRE, TOEFEL and IELTS. Underlined below is a list of scholarship exams for studying abroad:
- Graduate Management Aptitude Test (GMAT)
GMAT assesses one’s analytical skills, quantitative, verbal and integrated reasoning through a 3.5-hour exam. Once candidates obtain their desired score, they can apply for scholarships for MBA programs. One can be eligible for the following scholarships:
| Name of the Scholarship | Offered by | Description |
| Manchester Merit Scholarships | Alliance Manchester Business School | Those candidates who have a score above 600 qualify for this scholarship |
| ESMT Diversity Scholarship | ESMT Berlin | Having a score above 650 is a must. Furthermore, those who have attended at least one US MBA tour. |
| Young Potential Leader | ESSEC Business School | One must qualify for GMAT as well as a personal interview. |
| Horace W. Gildan Fellowship | Harvard Business School | Candidates will be awarded 10,000 USD. However, this is applicable for students in the first year of the MBA program. |
| GMAT Scholarship for Amsterdam MBA | Amsterdam Business School | Candidates must score above 630 and be qualified. Furthermore, they will be awarded €10,000. |
- International English Language Testing System
International English Language Testing System is a proficiency test that candidates must appear if they wish to pursue higher education or be employed in a professional organisation.
It assesses four essential skills: reading, writing, listening and speaking. One can either apply for Joint Funded Research Program, Morgan Terry Memorial IATEFL Scholarship or English Australia IELTS award for Academic Scholarship.
- Graduate Record Examination
One must give this test if they wish to pursue higher education from the USA. It evaluates skills such as verbal reasoning, analytical writing and quantitative reasoning. Outlined below is a list of scholarships:
| Scholarship | Courses | Awards |
| Fullbright- Nehru | Economics, Arts, Cultures and Management, Public Administration and Health, Women\Gender studies. | One’s tuition and accommodation fees are covered. |
| Inlaks Scholarship | Arts and Humanities | Up to US $ 100,000. |
| Aga Khan Foundation International Scholarship | Postgraduate level | Tuition fees and accommodation are included |
| JN Tata Endowment Scholarship | PhD, Post-doctorate courses in Law, Nautical Sciences, Political Science, Engineering | Travel grant |
| Chevening Scholarship | Those who have enrolled in Masters in the UK | Candidates will be awarded a monthly stipend |
- Scholastic Aptitude Test
This is applicable to undergraduate courses. Those who wish to pursue higher education in USA or Canada need to appear for the exam. There are primarily three sections of SAT: Writing, Reading and Mathematics. These are the score ranges one must get to qualify for the scholarship:
| Scholarship | Amount | Score range |
| Actuarial Diversity Scholarship | $ 4,000 | 400-1000 |
| College of Saint Rose Academic Scholarships | $ 22,000 | 1001- 1200 |
| Gill Eliot Scholarship | $ 2,000 | 1201- 1400 |
| Miami University Merit Scholarship | $ 36,000 | 1201-1400 |
| Colorado Christian University Honours Scholarship | $ 7,000 | 1400-1600 |
| OCCACCF Scholarship | $ 20,000 | 1001- 1200 |
- Test of English as a Foreign Language
TOEFL is a proficiency exam that candidates need to give for pursuing education from abroad. It is conducted by English Testing Services and mainly assesses reading, speaking, listening and writing. These are some of the scholarships one can qualify for with a good TOEFEL score:
| Scholarships | Amount |
| Research Grant of Graduate Students | $ 5000 |
| Jacqueline Ross TOEFEL Dissertation Award | $ 2500 |
| Samuel J. Messick Memorial Lecture Award | $ 1000 |
- International Leader of Tomorrow Award at University of British Columbia
The University of British Columbia offers this scholarship for undergraduate students. One must have exceptional academic merit and demonstrate their financial need.
- Adelaide Scholarships International
To be eligible for this scholarship, applicants must hold a first-class equivalent to Australia. In addition, they must undertake a Pre-Enrolment English Program. It covers health insurance, stipend and tuition fees. Typically, two scholarships are awarded and a 50% reduction in the tuition fee.
These scholarship exams for studying abroad are available to international students. Therefore, it is best to remain updated with the dates and apply accordingly.