Chicago Booth MBA Scholarships Income Limit 2026
Maximum Annual Family Income
No Income Bar / Not specified
Income Verification Rules
Applicants must submit a valid annual income certificate issued by a competent revenue officer (such as a Tahsildar, Revenue Inspector, or Sub-Divisional Magistrate).
- The certificate must be in the name of the parent/legal guardian.
- Income certificates issued by private employers or self-declarations on plain paper are not accepted.
FAQs for Chicago Booth MBA Scholarships
Q.Do I need to apply separately for Chicago Booth MBA scholarships?
No, for most merit-based scholarships, you do not need to submit a separate application. All applicants to the Full-Time MBA program are automatically considered for scholarships based on the information provided in their admission application.
Q.What is the typical scholarship amount, and can it cover full tuition?
Merit-based scholarships generally range from $10,000 to $30,000 USD annually (approximately 955,600 INR to 2,866,800 INR). While most awards fall within this range, some prestigious fellowships, like the Edwardson Civic Scholars Program (for Evening and Weekend MBA applicants), can offer full tuition coverage.
Q.What factors are considered for scholarship selection?
Scholarship decisions are based on a comprehensive evaluation of your application, including academic merit, leadership potential, professional impact, the quality of your interview, competitiveness, stated career goals, and unique life experiences. Strong GMAT/GRE scores and GPA are important, but the review is holistic.
Q.Are Chicago Booth MBA scholarships available for international students?
Yes, Chicago Booth MBA scholarships are available to international students. Many merit-based scholarships are open to all applicants, and there are specific awards like the India Trust Fellowship tailored for international candidates from certain regions.