All incoming BYU MBA students are automatically considered for BYU MBA scholarships. Scholarships are awarded to students based on the strength of their application, including GMAT score, GPA, interview, and quantity and quality of work experience. About 60 percent of incoming students are awarded partial MBA scholarship support.
The program has a financial aid counselor to help students navigate the sometimes complicated process of paying for an MBA education. Once a student is admitted to the program, the financial aid counselor will reach out to offer assistance.
Cardon International Sponsorship (CIS)
The CIS provides educational funds for qualified members of The Church of Jesus Christ of Latter-day Saints from countries outside the United States and Canada who are committed to returning to their home region after the MBA. For more information about eligibility and how to apply, click here.
Eccles Scholars Award
The Eccles Scholars Award program provides scholarships and additional financial support to MBA students who have a strong interest in and commitment to international business. Each year, up to ten students will be selected to receive the award.
Factors considered during the selection process include:
- Academic standing, including incoming GPA, GMAT score, and GPA in the first semester of the program
- Prior international experience (including work experience)
- Second language fluency
- Registration for the Global Management Certificate, the highest level of international business academic qualification for BYU MBA students
- Proven desire to pursue a career in business with a focus in international business
Students who are interested in applying can find more information here.
Hawes Scholar Award
The Hawes Scholar Award is given to top second-year MBA students. Criteria for the award includes academic excellence, leadership maturity, a proven commitment to ethics and values, and a demonstrated devotion to the mission of the Marriott School of Management. This designation follows students as they leave the BYU MBA. Hawes Scholars receive a grant of $10,000. Rodney J. Hawes and his wife, Beverly, sponsor these awards. All MBA students are automatically considered for this award; no application is necessary.
The spouses of the Marriott School National Advisory Council members sponsor the Single-Parent Scholarship. This unique scholarship is designed to assist single parents in gaining an advanced degree. In order to be considered for this scholarship, the following conditions must be met:
- Applicant is a single parent (mother or father) with custody of at least one dependent child
- Applicant must be officially admitted to the program
- Applicant must remain in good academic standing throughout enrollment in the MBA program
Note that if a single-parent scholarship recipient marries, he or she is no longer eligible to receive the scholarship. In order to apply for the scholarship, students must contact the MBA office once they are admitted to the program.
The George E. Stoddard Prize is an honor given to second-year MBA finance students who demonstrate leadership and academic excellence. The recipients are chosen by a committee of MBA finance faculty and represent a vote of confidence in the students, their professional potential, and their role as representatives of BYU’s MBA program around the globe. Prize winners are evaluated based on academic performance and commitment to the finance program.
Williams Entrepreneurial Leadership Award
Five Williams Entrepreneurial Leadership Awards, worth $5,500 apiece, are given each year to students who exemplify vision and innovation, delegation, motivation, and execution in entrepreneurial endeavors. Awardees are chosen by committee from students participating in Cougar Capital and/or the Miller New Venture Challenge.
The post-9/11 G.I. Bill fully funds the BYU MBA tuition costs for US veterans who qualify for 100 percent of the benefit. In addition, veterans who qualify for the post-9/11 G.I. Bill receive a housing stipend and book allowance. BYU does not participate in the Yellow Ribbon Program. For more information, contact BYU Veteran and Military Services.
Other Financial Aid
To help cover expenses, BYU MBA students can apply for federal student loans, Marriott School loans, and can take advantage of employment options during a student’s second year. For more information regarding the Marriott School of Management Loan Program, please sign into your myBYU My Financial Center, select the Communication tab, and then leave a request in the Message Center.
Second-Year Work Policy & Assistantships
Second-year MBA students may work off-campus, or they can work on-campus in an assistantship. Assistantships provide students with the opportunity to work on-campus at a competitive wage. Assistantships may consist of conducting research work for a professor, teaching a class, tutoring students, grading assignments, mentoring first-year students as a part of the Sherpa program, or planning large competitions and events.
Nearly all MBA students take part in summer internships between the first and second years. Internships help students earn enough income to pay for some of their second year.