As per the data pulled together by the Graduate Management Admission Council (GMAC), in the year 2011-12, close to 4 in 10 Indian students took finance/loan help for the purpose of funding his or her seat in MBA. 22% of Indians applicants took financial help in the form of scholarship or some form of grant. While other 17% took parent’s help, 10% spent personal savings and left 13% looked for the other alternatives of funding.
GMAC survey report noted 96% of full-time two-year MBA programmes and 52% of online MBA programmes are offered tuition assistance options.
As reported by GMAC, Master’s in management courses offered more scholarships than other specialized Master's programmes or B-school MBA courses. However, 2 year MBA programmes (Full Time) had the highest average percentage of scholarship receiving students, approximately 43%, among all other programmes.
Professional MBA programmes, such as executive and part-time MBAs, were the least likely to get scholarships offered to students.