Finding the Right Scholarship

We know that funding your business school education can be challenging. To help you meet this challenge we offer a variety of different scholarships based on merit or financial need to newly admitted students, awarded at the time of admission. Scholarships opportunities for rising second-year students are also available.

Scholarship Spotlight: Austin Scholars & Finance Fellows

Austin Scholars

Austin Scholarships are awarded to a cohort of students to the Two-Year Program or MMM Program. Austin Scholars are selected based on the leadership they have demonstrated academically and professionally. They show distinct promise of future leadership at Kellogg.

The Austin Scholarship covers the cost of tuition. It also provides a series of Austin-only touchpoints with business leaders and interaction with Faculty Advisor, Professor Harry Kraemer. Applicants are considered for the Austin Scholarship based on their Kellogg application.

Finance Fellows

Finance Fellows is a new, full-tuition scholarship for those who are committed to making an impact in a finance industry or function. The Finance Fellows Program offers specific engagement opportunities with notable finance leaders and mentorship with Kellogg alums and faculty. 

In order to be considered for Finance Fellows, candidates must complete an additional essay in the ‘Career Goals’ section of their Kellogg application. Once a finance industry or finance function is selected in the ‘industry desired after Kellogg’ or ‘functional area desired after Kellogg’ sections, the following essay prompt will appear: “What excites you about finance? How do you plan to make an impact as you pursue a finance career after earning your Kellogg MBA?”. Applying to the Finance Fellows award is optional, and will not have any bearing on the review of your application to Kellogg.


Merit Based Scholarships

We award merit scholarships to exceptional students who have demonstrated excellence in one or more areas of their applications. Admitted students are automatically considered for all merit scholarships for which they are eligible, with the exception of the Finance Fellows, which has a supplemental essay housed within your Kellogg application. Students are informed of merit scholarships at the time they are admitted.  However, we encourage students to look outside of Kellogg for additional funding opportunities.   

We award a variety of merit scholarships that include but are not limited to:

  • Africa Scholars –  Awarded to citizens of African countries to provide opportunities to admitted students from Africa. 
  • Andrew & Alice Fischer and the Peter L. Frechette Endowed Scholarships – Awarded to students interested in pursuing product development, entrepreneurship and biotechnology careers.
  • Charles J. Schaniel and the David Himmelblau Scholarships – Awarded to outstanding students with an interest in accounting. 
  • David F. and Margaret T. Grohne Family Foundation Scholarship — Provides full tuition to an exceptional student in the Two-Year MBA and MMM Programs
  • Diversity Scholarship – Awarded to extraordinary students from under-represented backgrounds to add diversity to the Kellogg community.
  • Donald P. Jacobs International Scholarships – Awarded to strong international students in the Two-Year MBA and MMM Programs. 
  • Finance Fellows - Awarded to a cohort of students admitted to the Two-Year MBA for commitment to and demonstrated impact in the finance industry or a finance function. 
  • Forté Foundation Scholarship – Awarded in partnership with the Forté Foundation to female students based on a demonstrated commitment to women and girls via community involvement or personal mentorship.
  • Frederick C. Austin Scholarships – Awarded to a cohort of students admitted to the Two-Year MBA or MMM Programs for academic excellence, demonstrated leadership, and community impact.
  • Glen W. Fawcett Scholarship Fund – Awarded to a strong representative of Phi Delta Theta Fraternity.  
  • George Terry University of Cincinnati – Awarded to a Graduate of the University of Cincinnati College of Engineering who has demonstrated outstanding academic ability.
  • Healthcare at Kellogg Scholarship - Awarded to an outstanding student interested in pursuing a career in healthcare.
  • James P. Gorter Scholarship Awarded to outstanding students from under-represented backgrounds in the Two Year MBA or MMM program.
  • John R. Flanagan Excellence Grant – Awarded to a student with outstanding merit with an interest in Finance. 
  • Kellogg Finance Network (KFN) Scholarship – Awarded to a student with outstanding merit with an interest in finance.
  • Kellogg Growth Scholarship – Awarded to candidates with exceptional potential to help them grow personally and professionally throughout their time at Kellogg and beyond.
  • Kellogg Scholarship – Awarded to students in all of our full time programs based on overall achievements, demonstrated leadership and academic abilities.
  • McGraw Foundation Excellence Grant – Awarded to a student committed to helping further environmental protection.
  • PepsiCo Scholarship – Awarded to outstanding students with an interest in marketing careers.
  • Posse Scholarship – Provides full tuition, awarded to extraordinary alums of The Posse Foundation with academic and leadership potential.
  • Reaching Out MBA Fellowship – Kellogg partners with Reaching Out MBA and offers scholarship opportunities to develop LGBT business leaders of tomorrow.
  • Robert A. & Helen E. Gottschal Scholarship – Awarded to an extraordinary student with an interest in entrepreneurship.

External Scholarship Resources

Other Scholarship/Fellowship Information

Northwestern University Office of Fellowships for Graduate Students

Financial Need Based Scholarships

Admitted One-Year MBA, Two-Year MBA, and MMM applicants who are U.S. citizens and permanent residents may be considered for financial need based scholarships. To be considered, you must complete the optional Financial Need Based Scholarship Application during the admission process and will receive the application prior to decision release. This application will have no impact on an applicants admission decision.    

Current students in the Two-Year MBA and MMM Programs who received a Financial Need Based Scholarship in their first year are eligible to have their award renewed for their second year if satisfactory academic progress is maintained.

External Scholarship Resources

Other Scholarship/Fellowship Information

Northwestern University Office of Fellowships for Graduate Students

Second Year Scholarships

There are a number of additional scholarship opportunities for students entering their second year who have demonstrated strong leadership and academic excellence.

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