Merit-Based Scholarships

About 20-25% of admitted full-time two-year MBA students receive a merit-based scholarship.


The majority of Stern MBA scholarships are full or half tuition awards. All applicants (domestic and international) are considered. No additional materials are required. Scholarship decisions are made at the time of admission and are final.

Stern merit-based scholarships awarded to full-time two-year MBA students include:

Dean’s Scholarship – The Dean’s Scholarship is one of Stern’s most prestigious scholarships and is awarded to a limited number of our most meritorious admitted students. This full tuition scholarship is presented in the name of Dean Rangarajan "Raghu" Sundaram and affords the opportunity to connect directly with Dean Sundaram.

Named Faculty Scholarship – The Named Faculty Scholarship is designed to pair some of our most meritorious students with some of Stern’s most distinguished and prestigious faculty. This full tuition scholarship matches admitted students based on their background and interests with a designated faculty member in that field. Named faculty scholars have the opportunity to develop close ties to their designated faculty members. This past year, 14 faculty members were selected with the honor of participation: Bruce Buchanan, Aswath Damodaran, Rob Engle, Scott Galloway, Alvin Lieberman, Sonia Marciano, Elizabeth Morrison, Charles Murphy, Glenn Okun, Priya Raghubir, Rob Salomon, Michael Spence, Stijn Van Nieuwerburgh and Batia Wiesenfeld.

Consortium Fellowship (a full tuition fellowship awarded in conjunction with a partner organization) – The Consortium for Graduate Study in Management seeks to enhance the representation of African Americans, Hispanic Americans and Native Americans in business education and management. U.S. citizens and permanent residents from these underrepresented groups, as well as other people who can demonstrate a commitment to the Consortium's mission, are eligible. Applicants must apply to NYU Stern through the Consortium application to be considered for this full tuition fellowship. View more information about the Consortium or learn more about diversity at Stern.

Fertitta Veterans Scholarship – The Fertitta Veterans MBA Program is an innovative program specifically designed for U.S. military veterans and active duty students to support their transition to business school. Thanks to the generous gift from alumnus Lorenzo (MBA ’93) and brother Frank Fertitta, military students who are accepted into the Fertitta Veterans MBA Program are eligible to receive the Fertitta Veterans Scholarship, which is a partial scholarship. Students who qualify for veterans benefits, including Yellow Ribbon funding, will continue to be eligible to receive those benefits. Please note that not all military veterans and active-duty students who are accepted into the Fertitta Veterans MBA Program will be awarded the Fertitta Scholarship. Learn more about the Fertitta Veterans Program.  

William R. Berkley Scholarship – Established in 2013, The William R. Berkley Scholarship Program supports exceptional college seniors who wish to pursue their full-time MBA at NYU Stern directly following graduation. The scholarship covers the full two-year tuition and fees, provides a housing stipend of $18,000/year, and includes a $10,000/year stipend for books and other expenses. Learn more about our Berkley Scholars.

Alumni Scholarship – This $60,000 scholarship is for the first year of study and is awarded to admitted students showing strong merit.

Advancing Women in Business Scholarship – Established in 2017, The NYU Stern Advancing Women in Business Scholarship is a merit-based scholarship that will be awarded to students entering the full-time MBA program that demonstrate a deep and abiding commitment to advancing women in business. This scholarship covers full tuition and mandatory fees for the two years of the Full-time MBA program. The award is partially funded by alumnae and members of the Stern School's Board of Overseers.    

Forté Fellowship (awarded in conjunction with a partner organization) – The Forté Foundation is a consortium of major corporations, top business schools and influential nonprofit organizations dedicated to educating and advancing women in business. Stern designates Forté Fellows at the time of admission to exceptional women candidates who are also receiving a merit based scholarship. Read more about the network of women at Stern.

ROMBA Fellowship (awarded in conjunction with a partner organization) – Reaching Out MBA (ROMBA) is an organization that educates, inspires and connects lesbian, gay, bisexual, transgender and queer (LGBTQ) MBA students at business schools in the United States. Stern designates ROMBA Fellows to exceptional LGBTQ candidates who receive a merit-based scholarship.

Stern Scholarship – This one-year scholarship covers full tuition for the first year of study and is awarded to admitted students showing strong merit. This scholarship is awarded for the first year of the program only.

Elizabeth Elting Advancing Women's Leadership Fellowship - The Elizabeth Elting Advancing Women's Leadership Fellowship was established in 2019 by Stern alumna, philanthropist, and entrepreneur Elizabeth Elting (MBA '92). Ms. Elting is the Founder and CEO of the Elizabeth Elting Foundation, a charitable endeavor dedicated to breaking down the barriers that hold back women and marginalized people. She also serves as a member of the Stern Executive Board. Each year, the Elizabeth Elting Advancing Women's Leadership Fellowship is awarded to two two-year Full-time MBA students and two one-year Andre Koo Tech MBA students. The Fellowship covers $50,000 per academic year for the two-year Full-time MBA and $50,000 for the one-year Andre Koo Tech MBA. Recipients of this award display extraordinary academic merit, an impressive record of leadership experience, an entrepreneurial spirit, and a dedication to advancing women in business. Stern designates Elizabeth Elting Fellows at the time of admission to exceptional candidates.

Toigo Fellowship (awarded in conjunction with a partner organization) – The Robert A. Toigo Foundation supports a comprehensive fellowship program for under-represented groups pursuing careers in finance. Students who have been accepted to MBA programs among leading business schools are eligible to apply before starting their program in the fall.