10 Great Scholarships for Business Majors

The occupational outlook for business majors in a healthy one. According to the Bureau of Labor Statistics, job opportunities for business degree holders has risen with the demand for more professionals who can meet the needs of a growing regulatory environment.

While there are naturally some who are uncertain about their ability to manage the costs of higher education, a number of scholarships are available to lighten or even completely remove the financial burden. The following are ten great scholarships for anyone who’s aiming to major in business.

1. ALPFA Program Scholarship

The Association of Latino Professionals for America (ALPFA), founded in the year 1972, is dedicated to fostering the professional and personal growth of up and coming Latino leaders. Tens of thousands of students and professionals across the nation have been served by the association. ALPFA not only provides scholarships, but also lends its members a hand in terms of networking and professional development. If you are a Latino man or woman with business ambitions, then not only can ALPFA assist you in getting scholarships, but it can also facilitate a stronger rate of growth as a professional individual in general.

2. Mark Beaumont Scholarship Fund

The Mark Beaumont Scholarship Fund annually awards $2500 ins scholarship funds to two students with interactive entertainment career aspirations. Interactive entertainment careers, under the criteria set by the Mark Beaumont Scholarship Fund, include fields such as public relations, law, marketing and business development. In order to be eligible for the scholarship, applicants need to be active full-time undergraduates who are beginning their second year in an accredited American university or college. In addition to the verification that they’re enrolled in a qualifying university, applicants must also provide two signed letters of recommendation from colleagues/professors and and personal statement (no more than two pages) that specifies their studies, the benefit of their studies to interactive entertainment, their personal character, and their financial need.

3. Mary Elizabeth Lockwood Beneventi MBA Scholarship

The Mary Elizabeth Lockwood Beneventi MBA Scholarship grants $2000 in financial aid to graduate students majoring in an accredited college or university’s business administration program. In order to be considered eligible, the applicant’s GPA must be at least 3.25. Those who do receive the scholarship are still free to reapply for receiving it again as long as they are still completing the program.

4. Executive Women International Scholarship Program (EWISP)

The Executive Women International Scholarship Program (EWISP) has annually awarded hundreds of thousands of dollars to high school seniors with qualifying academic performance records, community involvement history, and personal characteristics. Applicants with a strong showing of leadership qualities can receive awards at both the chapter level and scholarship level, ranging between $1000 and $5000.

5. Geico Achievement Award Program

The Geico Achievement Award Program offers $2500 in financial aid to undergraduates who have demonstrated exceptional academic drive. In addition to scholastic performance, ideal applicants will also have a strong track record of community service and leadership roles.

6. Golden Key Scholarship

Since its inception, Golden Key has provided million of dollars in financial aid to its members. Every year, over $500 million in scholarships are awarded to those who qualify. Golden Key rewards those that demonstrate a significant commitment to service and personal development into stronger leaders. In addition to the financial awards that it grants, Golden Key also offers programs that its members can use to develop their leadership skills and general scope of business knowledge even further.

7. IMA Memorial Education Fund (MEF) Scholarship

The IMA Memorial Education Fund (MEF) Scholarship awards anywhere between $1000 and $2500 in financial aid to undergraduates and graduates who haven’t received any IMA MEF Scholarships in the past. The scholarship is intended to help further the ambitions of IMA student members who aim to hold positions related to financial management in business.

8. Jane M. Klausman Women in Business Scholarship

The Jane M. Klausman Women in Business Scholarship is aimed at giving professionally-minded woman some additional leverage in their aspirations to careers in management and corporate leadership. The organization not only aims to give female professionals assistance through financial aid, but also to encourage women to be more motivated to pursue higher education and career achievement in general. The Jane M. Klausman Women in Business Scholarship annually awards 12 financial aid packages of $7,000 and 32 district scholarships of $1000. Any women who actively involved in an academic program that is either focused on or related to business are eligible to apply.

9. National Federation of Independent Business

The National Federation of Independent Business. Young Entrepreneur program is aimed at encouraging youth to become more heavily invested in entrepreneurship. The NFIB is primarily aimed at emphasizing the importance of private enterprise to the up and coming generations of business professionals. Since its inception, the NFIB has given nearly $3 million dollars of financial aid in nearly 3,000 scholarships to high school seniors preparing to graduate.

10. Ritchie-Jennings Memorial Scholarship Program

The Association of Certified Fraud Examiners (ACFE) is a foundation that is specifically aimed at providing assistance to students who are working toward a career in anti-fraud work. The ACFE awards the Ritchie-Jenningd Memorial Scholarship to students who has exhibited serious academic focus in the anti-fraud field. Those who are awarded the scholarship are deemed worthy of becoming Certified Fraud Examiners, professionally recognized as being among the the most respect in the field. Aside from the financial assistance, recognition as a Certified Fraud Examiner can naturally be beneficial to scholarship recipients in terms of professional prestige.

Related Resource: What Careers are in Business Information Technology?


The opportunities made available those those with business degrees are many, and so are the different potential scholarships available to those who would aspire to to acquiring one. Aside from academic performance, make sure to examine all that you have to leverage in being approved for a business major scholarship. Whether it’s cultural identification or a simple story of personal conviction created by your background, the key factors that could create your eligibility for a business scholarship may surprise you.