10 Scholarships for Underrepresented Minorities in Business

Diversity and inclusion are crucial elements in shaping the future of the business world. However, underrepresented minorities often face unique challenges when pursuing education and career opportunities in business-related fields.

To address this disparity and promote diversity within the business community, various organizations and institutions offer scholarships specifically designed for underrepresented minority students.

In this guide, we’ll highlight 10 scholarships that aim to empower the next generation of business leaders from diverse backgrounds, providing them with the support they need to succeed in their academic and professional endeavors.

National Black MBA Association (NBMBAA) Graduate Scholarship

  • Criteria: The NBMBAA Graduate Scholarship is awarded to African American students pursuing graduate degrees in business administration or related fields.
  • Requirements: Applicants must be NBMBAA members, demonstrate academic excellence, leadership potential, and financial need.
  • How to Apply: Interested students should visit the NBMBAA website for application instructions and deadlines.
  • Application Link: NBMBAA Graduate Scholarship

Hispanic Scholarship Fund (HSF) Scholarships

  • Criteria: HSF offers various scholarships to Hispanic students pursuing undergraduate and graduate degrees in all fields, including business.
  • Requirements: Applicants must be of Hispanic heritage, demonstrate financial need, academic achievement, and leadership qualities.
  • How to Apply: Students can apply for HSF scholarships through the organization’s website, where they can find detailed eligibility criteria and application instructions.
  • Application Link: HSF Scholarships

Asian Pacific Islander American Scholarship Fund (APIASF) Scholarships

  • Criteria: APIASF provides scholarships to Asian and Pacific Islander students pursuing undergraduate and graduate degrees in all fields, including business.
  • Requirements: Applicants must be of Asian or Pacific Islander ethnicity, demonstrate financial need, academic achievement, and community involvement.
  • How to Apply: Interested students can apply for APIASF scholarships online by visiting the organization’s website and following the application instructions.
  • Application Link: APIASF Scholarships

American Indian Graduate Center (AIGC) Fellowship

  • Criteria: The AIGC Fellowship supports Native American and Alaska Native students pursuing graduate degrees, including MBAs and other business-related programs.
  • Requirements: Applicants must be enrolled members of a federally recognized Native American or Alaska Native tribe, demonstrate financial need, academic achievement, and leadership potential.
  • How to Apply: Interested students can apply for the AIGC Fellowship through the organization’s website, where they can find detailed eligibility criteria and application instructions.
  • Application Link: AIGC Fellowship

Forté Foundation Fellowships for Women

  • Criteria: The Forté Foundation offers fellowships to women pursuing MBA degrees at participating business schools.
  • Requirements: Applicants must demonstrate academic excellence, leadership potential, and a commitment to advancing women in business.
  • How to Apply: Interested female students can apply for Forté Foundation fellowships through the participating business schools’ MBA programs, where they can find application details and deadlines.
  • Application Link: Forté Foundation Fellowships

Ron Brown Scholar Program

  • Criteria: The Ron Brown Scholar Program awards scholarships to African American students who demonstrate academic excellence, leadership potential, and a commitment to public service.
  • Requirements: Applicants must be African American high school seniors, US citizens or permanent residents, and demonstrate financial need.
  • How to Apply: Interested students can apply for the Ron Brown Scholar Program online through the organization’s website, where they can find application instructions and deadlines.
  • Application Link: Ron Brown Scholar Program

United Negro College Fund (UNCF) Scholarships

  • Criteria: UNCF offers various scholarships to African American students pursuing undergraduate and graduate degrees in all fields, including business.
  • Requirements: Applicants must be African American or of African descent, demonstrate financial need, academic achievement, and leadership qualities.
  • How to Apply: Students can apply for UNCF scholarships through the organization’s website, where they can find a list of available scholarships, eligibility criteria, and application instructions.
  • Application Link: UNCF Scholarships

American Indian College Fund Full Circle Scholarships

  • Criteria: The American Indian College Fund provides scholarships to Native American and Alaska Native students pursuing undergraduate and graduate degrees, including business-related programs.
  • Requirements: Applicants must be enrolled members of a federally recognized Native American or Alaska Native tribe, demonstrate financial need, academic achievement, and community involvement.
  • How to Apply: Interested students can apply for American Indian College Fund scholarships through the organization’s website, where they can find application details and deadlines.
  • Application Link: American Indian College Fund Scholarships

Thurgood Marshall College Fund (TMCF) Scholarships

  • Criteria: TMCF offers scholarships to students attending its member Historically Black Colleges and Universities (HBCUs) pursuing undergraduate and graduate degrees in various fields, including business.
  • Requirements: Applicants must be African American or of African descent, enrolled at a TMCF member HBCU, demonstrate financial need, academic achievement, and leadership potential.
  • How to Apply: Students can apply for TMCF scholarships through the organization’s website, where they can find a list of available scholarships, eligibility criteria, and application instructions.
  • Application Link: TMCF Scholarships

National Association of Black Accountants (NABA) Scholarships

  • Criteria: NABA offers scholarships to African American and minority students pursuing degrees in accounting, finance, and related business fields.
  • Requirements: Applicants must be NABA members, demonstrate academic achievement, leadership potential, and a commitment to the accounting profession.
  • How to Apply: Interested students can apply for NABA scholarships through the organization’s website, where they can find application details and deadlines.
  • Application Link: NABA Scholarships

Conclusion: These scholarships represent just a few of the many opportunities available to underrepresented minority students pursuing education and careers in business.

By providing financial support, mentorship, and networking opportunities, these scholarships aim to empower the next generation of diverse business leaders. It’s essential for eligible students to carefully review the eligibility criteria, requirements, and application deadlines for each scholarship and to take advantage of these valuable resources to further their academic and professional aspirations.

Through dedication and perseverance, underrepresented minority students can overcome barriers and thrive in the dynamic world of business.