Georgetown MBA Scholarships: A Comprehensive Guide to Funding Your Future
Embarking on an MBA journey at Georgetown University's McDonough School of Business is a significant investment in your future. Recognizing this, Georgetown McDonough offers a variety of scholarships and resources to help students finance their education. This article provides a comprehensive overview of the MBA scholarship landscape at Georgetown, covering merit-based awards, external funding opportunities, and specific scholarships tailored to diverse backgrounds and experiences.
Merit-Based Scholarships at Georgetown McDonough
Georgetown McDonough demonstrates its commitment to investing in future business leaders by offering merit-based scholarships. These scholarships are awarded based on a holistic review process, with the goal of admitting a competitive class representing a diverse array of perspectives and experiences. The McDonough School of Business awards scholarships based on an applicant’s academic, personal, and professional accomplishments. Recipients will demonstrate ethical leadership, academic accomplishment, and professional achievements through their application and interview for the MBA program. They typically show a commitment to service to others through past and current activities. To best position yourself for scholarship consideration, applying to the Full-time MBA Program or the part-time Flex MBA Program early is highly recommended.
For the incoming part-time Flex MBA class of 2025, 48% were awarded funding, with individual, one-time scholarship awards averaging $11,790. More than $3 million is available to all MBA applicants through scholarships. 53% of enrolled Full-time students in the class of 2025 were awarded funding, averaging $25,000 per year.
Executive MBA Scholarships
Georgetown McDonough also offers scholarships for Executive MBA (EMBA) program students based on merit. To be considered for a scholarship, applicants must include a scholarship essay with their applications. The Executive MBA Admissions Committee uses a holistic approach when making an admissions decision.
- Vijay Velamoor EMBA Scholarship: This merit-based scholarship honors Vijay Velamoor, who served as an Executive in Residence and Special Advisor at Georgetown’s McDonough School of Business, where he led the mentorship program for Executive MBA students. It is the first named, endowed scholarship fund for Georgetown’s EMBA program.
- Executive MBA Legacy Scholarship: This endowed scholarship, funded by Executive MBA alumni, supports current EMBA students who demonstrate exceptional leadership potential and a commitment to making a positive impact in their communities and industries.
Scholarships Focused on Diversity and Inclusion
Georgetown McDonough is committed to enhancing the diversity of perspectives in its classrooms and offers several scholarships specifically designed to support students from various backgrounds.
Read also: Applying for Georgetown Merit Scholarships
- Community in Diversity Scholarships: These merit-based scholarships are provided to students whose background or experience, when evaluated holistically, suggests they are uniquely able to contribute to the diversity of perspectives within the Georgetown community. Factors that may be considered include a student’s socioeconomic, cultural, and/or family background, personal experiences and challenges, and/or demonstrated ability to develop and support diversity of perspectives and cultural understanding. All backgrounds are welcome to apply.
- Empowering Women in STEM (Science, Technology, Engineering, or Math) Scholarship: This scholarship is awarded based on a candidate’s academic, personal, and professional accomplishments. The candidate must have a demonstrated interest in women’s issues or demonstrated advocacy for women in STEM. The McDonough School of Business aims to empower all voices within the STEM industry. The minimum award is $5,000 per year for Full-time MBA students and $5,000 total for Flex MBA and Flex MBA Online students.
- Georgetown Pathways Scholarship for First Generation Students: This scholarship is awarded based on a candidate’s academic, personal, and professional accomplishments. Recipients must identify as First Generation (i.e., parents or primary caretakers did not complete undergraduate education). The McDonough School of Business recognizes the unique experiences this population faces and the achievements they have reached as they begin their MBA journey. The minimum award is $5,000 per year for Full-time MBA students and $5,000 total for Flex MBA and Flex MBA Online students.
- Minority Serving Institutions (MSI) Alumni Achievement Scholarship: This scholarship is awarded based on a candidate’s academic, personal, and professional accomplishments. Recipients must hold an undergraduate or graduate degree conferred from an MSI, as defined by the Department of the Interior. The McDonough School of Business embraces all forms of diversity and aims to recruit a class of many perspectives. The minimum award is $5,000 per year for Full-time MBA students and $5,000 total for Flex MBA and Flex MBA Online students.
- African Scholars Scholarship: This scholarship is awarded based on a candidate’s academic, personal, and professional accomplishments. Recipients must have demonstrated advocacy for the African region and/or strong knowledge of African culture. The McDonough School of Business embraces all cultures and aims to recruit a diverse class of many perspectives. The minimum award is $5,000 per year for Full-time MBA students and $5,000 total for Flex MBA and Flex MBA Online students.
- Latin American Scholars Scholarship: This scholarship is awarded based on a candidate’s academic, personal, and professional accomplishments. Recipients must have demonstrated advocacy for the Latin American region and/or strong knowledge of Central American or South American culture. The McDonough School of Business embraces all cultures and aims to recruit a diverse class of many perspectives. The minimum award is $5,000 per year for Full-time MBA students and $5,000 total for Flex MBA and Flex MBA Online students.
- John F. Dealy Scholarship - Focus on Gender Equity: This scholarship provides merit-based scholarships for students pursuing the Full-time MBA program. The scholarship supports students whose background or experience prove a demonstrated interest in gender equality and support the cause of gender parity in the fields of technology, finance, or consulting. Applicants interested in being considered for this scholarship should complete one short essay question in the “Background Information” section of the application.
Scholarships Based on Specific Interests and Affiliations
Georgetown McDonough also offers scholarships catering to students with specific interests, affiliations, or experiences.
- Entrepreneurship Scholarship: This scholarship honors Executive MBA students with a proven track record of entrepreneurial success or a passion for innovation and a clear vision for launching or advancing their own business ventures.
- Global Citizen Scholarship: This scholarship recognizes students with significant international experience, demonstrating a deep understanding of global business and cross-cultural leadership.
- People for Others Scholarship: This scholarship honors students who exemplify the Jesuit value of service by dedicating their leadership to improving the lives of others.
- Magis Scholarship (Striving for Excellence): This scholarship honors students who embody the Jesuit value of striving for excellence through an outstanding academic record and a commitment to continuous growth.
- Double Hoya Scholarship: This scholarship is awarded based on a candidate’s academic, personal, and professional accomplishments. Recipients must hold an undergraduate or master’s degree conferred from Georgetown University and demonstrate value(s) that align with the spirit of Georgetown. The minimum award is $5,000 per year for Full-time MBA students and $5,000 total for Flex MBA and Flex MBA Online students.
- Georgetown MBA Service to Others Scholarship: This scholarship is awarded based on a candidate’s academic, personal, and professional accomplishments. Recipients must currently work professionally in the nonprofit industry. This award aligns with the institution’s Jesuit values focused on creating a meaningful impact such as cura personalis and being people for others. The minimum award is $5,000 per year for Full-time MBA students and $5,000 total for Flex MBA and Flex MBA Online students.
- Ignite Jesuit Scholars Award: This scholarship is awarded based on a candidate’s academic, personal, and professional accomplishments. Recipients must hold an undergraduate or master’s degree conferred from an institution that is a member of the International Association of Jesuit Universities. As the oldest Jesuit university in the United States, Georgetown University embodies the Jesuit spirit. These values are exemplified in the McDonough School of Business students’ commitment to service, principled leadership, and care for the whole person. The minimum award is $5,000 per year for Full-time MBA students and $5,000 total for Flex MBA and Flex MBA Online students.
- MBA Entrepreneurship Fellowship: The MBA Entrepreneurship Fellows will take on a leadership role in Georgetown Entrepreneurship, an initiative that provides entrepreneurial education and experiences to all Georgetown students from the McDonough School of Business. Students should have demonstrated interest in pursuing careers in entrepreneurship.
- MBA Fintech Fellowship: Fellows will have the opportunity to work on research with leading faculty in Center for Financial Markets and Policy. Students should have demonstrated interest in pursuing careers in the industries of Fintech, finance, and technology.
- Steers Center for Global Real Assets Scholarship: Selection is based on demonstrated and expressed interest in pursuing a career within the real estate industry post-MBA.
- World Bank Fellowship: Select World Bank Group Staff Association (WBGSA) members who meet the program’s criteria and are accepted into Georgetown’s MBA program will be named “World Bank Fellows” for each incoming MBA cohort.
- Transformative Leadership Award: This award recognizes high-achieving working professionals who demonstrate strong leadership potential and commitment to joining the Georgetown McDonough community. The recipient of this award will demonstrate a compelling combination of professional trajectory, thoughtful career goals, and a readiness to engage actively in the Georgetown MBA experience from the outset of the admissions cycle. The one-time award minimum is $15,000 total for Flex MBA and Flex MBA Online students.
- McDonough MBA Alumni Advisory Council (MAAC) Scholarship: MAAC Scholarship recipients will be provided opportunities for professional networking and interaction with members of the MAAC and the initiatives they support. Applicants who best represent the McDonough values of social impact and/ or commitment to global perspectives will be considered.
External Scholarship and Fellowship Opportunities
In addition to Georgetown McDonough's internal scholarships, students are encouraged to explore external funding opportunities.
- Bryce Harlow Fellowships: These fellowships are awarded by the Bryce Harlow Foundation to individuals who work full-time and undertake graduate-level studies on a part-time basis in fields such as public policy, law, and business. The $9,000 award helps defray tuition costs.
- Bepina Sabalic Kunin Endowed Scholarship Fund: This fund supports newly admitted graduate or professional students with a demonstrated and deeply held relationship to the country of Croatia. Preference is given to individuals with a demonstrated commitment to Georgetown’s Catholic values.
- GradGov Research Project Award (GRPA): GradGov and the Graduate School support the research and professional development of graduate students through the GRPA program. Both master’s and doctoral students are eligible to apply.
- Mujica Student Veteran Stipend: This $3,500 grant is given annually to a student veteran enrolled in at least six credit hours per semester in a graduate degree program in the Graduate School of Arts and Sciences, preferably in an area of importance to national security.
- Pat Tillman Foundation Scholarship: The Pat Tillman Foundation invests in military veterans and their spouses through academic merit-based scholarships. Georgetown University is a University Partner and collaborates with the Pat Tillman Foundation to select Tillman Scholars each year.
- Security and Software Engineering Research Center: The center offers opportunities for reservists or honorably discharged veterans pursuing an undergraduate or graduate degree, preferably in a STEM field at Georgetown, to support the Center.
- Forté Fellowship: Georgetown McDonough is a member school with Forté Fellowships to offer partial scholarships to applicants who exhibit exemplary leadership, represent diverse backgrounds, and demonstrate a commitment to advancing women in business.
- National Black MBAA Fellowship: In conjunction with The Consortium, Georgetown McDonough will award a minimum of two merit-based scholarships to NBMBAA student members. To be considered, you must first complete the NBMBAA scholarship application.
- Reaching Out MBA (ROMBA) Fellowship: The purpose of the Reaching Out MBA (ROMBA) Fellowship is to increase the number of students interested in promoting the empowerment and representation of lesbian, gay, bisexual, transgender, queer, and ally (LGBTQA) students applying to and enrolling in business schools.
- The Segal AmeriCorps Education Award: The Segal AmeriCorps Education Award is a post-service benefit earned by individuals who complete an approved term of national service in an AmeriCorps program.
- Yellow Ribbon Program: To qualify for the Yellow Ribbon Program, the Department of Veterans Affairs specifies that participants must be 100% eligible for Post-9/11 benefits, be enrolled in a degree-seeking program, and accrue a total tuition and fees amount that is more than the Post-9/11 private tuition maximum for an academic year.
- Peace Corps Coverdell Fellows Program:The Peace Corps Coverdell Fellows Program offers financial assistance to returned Peace Corps Volunteers pursuing the Full-time MBA at Georgetown University.
- Admit.me Access: Georgetown McDonough is a proud partner of Admit.me Access, an MBA preparatory fellowship providing comprehensive admissions support for Access members with a demonstrated resource need and inclusion impact.
- The Consortium for Graduate Study of Management: As a member school, Georgetown McDonough provides scholarships for students who are admitted as part of The Consortium, which enhances diversity in business education and leadership.
- Prospanica: Georgetown McDonough partners with Prospanica to broaden access to MBA education for those committed to making a positive change in society.
Additional Funding Resources
For those who do not receive a scholarship or who need additional funding, Georgetown University has resources to help students identify options for financing their education. U.S. citizens and permanent residents may be considered for federally-funded programs. Georgetown provides graduate students with access to up to $100,000 in funding without the need for a cosigner. A list of external international scholarships and private lenders who provide education loans specifically to international students is available, though students are free to select the lender of their choice.
Alumni Support and Class Scholarships
MBA scholarships are a crucial part of Georgetown McDonough’s investment in future business leaders. Georgetown McDonough MBA alumni can choose to create these scholarships as a class by giving a combined $100,000. Establishing a class scholarship is a collaborative effort that celebrates the shared experience and deepens the class’s connection to Georgetown McDonough. These class gifts help attract the brightest minds to follow in their footsteps and ensure that future generations of students can learn, lead, and serve with the Jesuit values that shaped their own journeys. Scholarships established by alumni classes at Georgetown McDonough represent more than financial aid; they embody a lasting legacy of leadership, community, and shared purpose.
Application Fee Waivers
Current and past federal employees and contractors are eligible for an application fee waiver, which will automatically apply at the final submission of the application form. Applicants to the Executive MBA (EMBA), Master of Science in Management (MiM), Master of Science in Global Real Assets (MS-GRA), and Master of Arts in International Business & Policy (IBP) applying to start and beyond will receive an application fee waiver.
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