Financial Aid: Business Scholarships

TBS Staff Writers
Updated December 12, 2023
Check out what scholarships are available for business majors.

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Students interested in pursuing business degrees have access to a variety of specialized scholarships.

Business is the most popular major in the country, as reported by the National Center for Education Statistics (NCES). This popularity is because business graduates join one of the broadest employment fields and earn higher-than-average salaries.

For students pursuing a business education, scholarships can provide access to funding based on factors like merit, financial need, location, and specialty. Business majors can also pursue scholarships in related fields, like accounting, finance, or marketing. This guide provides in-depth information on scholarships for business majors and highlights some of the best available awards.

Finding and Applying to Business Scholarships

Where To Look

Because business is such a popular major, students can seek financial support from a variety of organizations. To encourage more students to pursue degrees and careers in the field, many organizations sponsor business scholarships.

To begin your scholarship search, look to the major scholarship databases, like CareerOneStop, ScholarshipAmerica, ThisWaytoCPA, Cappex, and FinAid. also offers a robust scholarship search database to help students find funding.

Once you’ve determined what school you will be attending, you can visit that school’s website for program-specific funding opportunities. Many academic departments also maintain lists of external business scholarship opportunities for students to peruse.

How To Apply

Application requirements for business scholarships vary considerably, and eligibility can be based on varying factors, like financial need, high academic achievement, or community involvement. Others look for students with professional experience, membership with an organization, or specific career interests.

Some scholarships are tied to the FAFSA, the completion of which automatically makes students eligible for consideration. Others require a separate application.

Before applying, carefully read the requirements for each award to ensure that you understand the application process fully. To qualify for merit-based awards, learners should develop their academic resumes by taking relevant classes.

To satisfy community involvement requirements, candidates can volunteer, support, and build relationships with local organizations. Applicants should always start the process early — up to a year in advance, if possible.

Learners should also consider their career goals when applying for scholarships. Many awards ask applicants to write about their professional aspirations, so preparing these thoughts in advance can help. Securing recommendation letters from teachers and employers in advance will also boost applicants’ chances.

Business Scholarships

Below, we’ve compiled a list of the best business scholarships. This is just a starting point: Degree-seekers should conduct further research based on their interests, background, and circumstances.

Undergraduate Scholarships

Graduate Scholarships

Scholarships for Women

Scholarships for Minorities

Grants for Business Students

While many use the terms “grant” and “scholarship” interchangeably, the two forms of funding have several differences. Generally, most scholarships reward students based on merit, as measured by things like grades or community involvement. Conversely, grants typically award funding based on need. All students should start the financial aid process by completing a Free Application for Federal Student Aid (FAFSA), which can lead to grant opportunities.

  • Federal Pell Grants: Pell Grants are awarded to undergraduate students with financial need. The amount awarded depends on their level of need, program cost, course load, and family contributions. Recipients do not need to repay the grant.
  • State Grants: To encourage more students to stay and study in their states, many governments offer state grants. These typically come to all students who meet the requirements, such as financial need and study location, often favoring students who went to high school in the state. Like Pell Grants, recipients don’t typically need to repay these.
  • Private Grants: Private grants come from various organizations — often local ones. They help students in need pursue higher education by offering funds that typically do not require repayment. Some private grants require applicants to be members of the organization, especially for business-specific or religious organizations.


Similar to scholarships, grants can come from specific schools, private organizations, or city, state, and federal government programs. Once students decide on a study discipline and location, they should research the available financial aid opportunities for their unique circumstances. The following list of grants can help students pursing careers in business or accountancy begin the grant search process.

Frequently Asked Questions About Business Scholarships

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