MBA Scholarships for Developing Countries |

MBA Scholarships for Developing Countries

By Nicole Willson

Updated May 27, 2019 Updated May 27, 2019

In addition to the QS Scholarship Programs, we also seek to include lists of alternative scholarships, such as those below, for your ease of reference:

The following are some of the MBA scholarships and fellowships available to students from developing countries. These scholarships are region-specific and offered by independent organizations. In addition to the scholarships listed here, several universities have their own scholarships for students from developing countries -- either for students from developing countries in general or students from specific countries or regions.

Edmund S. Muskie Graduate Fellowship Program

  • Who it's for: Eurasian professionals who are also emerging leaders
  • What it covers: One to two years of graduate study in the US
  • Citizenship requirements: Must be a resident of Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan
  • Scholarship Requirements: Muskie Program Applicants must currently reside in their country of citizenship. Finalists will have to take the GMAT and TOEFL.

Luys Foundation Scholarship Grants

  • Who it's for: Armenians, Armenian citizens or people of Armenian descent
  • Scholarship requirements: Proof of identity or proof that you are a direct descendent of Armenian immigrants. Must be between the ages of 18 and 40.

Fundação Estudar Scholarship

  • Who it's for: Young Brazilian leaders and changemakers with high intellectual potential
  • What it covers: Education at over 800 educational institutions worldwide, mentoring, lectures, career counseling, workships and special programs

Instituto Ling Scholarship Program

  • Who it's for: Brazilian citizens with entrepreneurial spirit and leadership skills.
  • What it covers: Partial funding for MBA programs (up to 1/3 of tuition) at top US and European universities including Chicago Booth, Wharton and Harvard.


  • Who it's for: Outstanding young Mexicans
  • What it covers: Masters degrees at foreign universities
  • Scholarship Requirements: Functional written and spoken English skills, Bachelor's degree with a GPA of 3.0 or higher, admittance to a recognized foreign university
  • Post MBA Requirements: Reimbursement of 30% of the scholarship, returning to Mexico

The Mohammed bin Rashid Al Maktoum Fellowship

  • Who it's for: Students who live in a member country of the League Arab States and exhibit leadership, dedication and commitment to the Arab world's human and socio-economic progress
  • What it covers: Approved degrees at partner universities
  • Citizenship requirements: Must be a national of Algeria, Bahrain, Comoros, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tunisia, UAE, or Yemen.
  • Scholarship requirements: 2 years work experience, acceptance into a partner university, work commitment in the Arab States post-MBA (at least 2 years)

Sampoerna Foundation Overseas MBA Scholarship - Asia

  • Who it's for: Indonesian citizens
  • What it covers: $70,000-$150,000 depending on the country and university of the MBA program
  • Scholarship requirements: A Bachelor's degree from an Indonesian insitution and a GPA of at least 3.25. 2 years of work experience. Minimum GMAT score of 600. Must be under 35 years old.

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This article was originally published in August 2012 . It was last updated in May 2019

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Nicole is the SEO manager of, as well as a contributing author. She holds a BA in history and sociology, and a master's in library science. Aside from her work for QS, Nicole is a long-time contributing editor and administrator for WikiHow.