If you're looking to earn a well-rounded business education, there are a vast number of business administration scholarships available nationwide to assist you in defraying the rising costs associated with college tuition.
Since business administration programs will offer a broad introduction to various different disciplines while building critical thinking and leadership abilities, you'll arm yourself with a versatile degree that can be applied to virtually any industry. In fact, a poll conducted through the National Association of Colleges and Employers (NACE) found that nearly half (48.5%) of all employers in America are looking to hire business administration degree holders.
Below we've highlighted 20 of the most lucrative scholarships available for general business administration students to support their entry into various expanding industries.
1. Abbott & Fenner Business Consulting Scholarships
Deadline: June 15th
For students between the ages of 16 and 30, Abbott & Fenner offers $1,000 annual Business Consulting Scholarships to graduating high school seniors and currently enrolled undergraduate students who are pursuing an accredited business administration degree. Eligible applicants must be accepted for full-time enrollment at any U.S. or international post-secondary institution, be in good academic standing, exhibit financial need, and be interested in a career in business consulting. Along with the completed application, candidates must write a 1,000-word essay describing their educational, career, and life goals
2. Abercrombie & Fitch Future Leaders Scholarship
Deadline: May 30th
Through the ¡Adelante! U.S. Education Leadership Fund, the Abercrombie & Fitch Future Leaders Scholarship is granted annually to provide $1,000 for up to five undergraduate students of Hispanic heritage who are majoring in or planning to study business administration. Eligible applicants must be accepted for enrollment in an accredited institution, have U.S. citizenship, carry a minimum overall GPA of 3.0 or better, and be actively involved in service to the Hispanic community. Qualified Latino students should submit an official transcript, financial aid reports, proof of enrollment, two letters of recommendation, and a 250-word personal statement describing their business leadership potential.
3. Asian Women in Business Scholarship Fund
Deadline: October 1st
With the goal of encouraging exceptional Asian female students who have demonstrated leadership and entrepreneurial achievements, the Asian Women in Business (AWIB) has created an annual $5,000 scholarship for U.S. citizens of Asian or Pacific Islander ancestry who are pursuing a bachelor's degree in business administration. Candidates must be enrolled full-time at an accredited four-year institution, have completed at least one college semester, possess a minimum cumulative GPA of 3.0, and be actively involved in community service. All applications must be accompanied by an official transcript, one professional recommendation, a financial aid award notice, and two personal essays.
4. Buick Achievers Scholarship Program
Deadline: February 27th
Funded by the GM Foundation since 1976, the Buick Achievers Scholarship Programs awards up to $25,000 per year for 50 first-time incoming freshmen and currently matriculated students who are entering a qualified business, technology, or engineering degree program at an accredited U.S. or Puerto Rican institution. Applicants be enrolling full-time, display an interest in pursuing a career in the automotive industry, have U.S. citizenship, and submit a current resume. Recipients will be chosen on the basis of academic achievement, financial need, leadership in community and/or school activities, and automotive career goals. Preference is given to women, first-generation college students, and military veterans.
5. Domo Scholarship for Business Management
Deadline: August 31st
As a cloud-based executive management platform offering real-time access to business information, Domo has placed more than $125 million in funding towards a scholarship program that awards $2,500 to help the next generation of business leaders effectively compete in the global marketplace. Applicants must have a declared major in business administration or a closely related field, be attending a four-year U.S. university, have a keen interest in analytics or big data, and exhibit financial need. Candidates will be judged based on the quality of their 200-word essay describing how today's businesses can better leverage new mobile technologies for realizing a competitive advantage.
6. Emitations' Women in Business Scholarship
Deadline: December 14th
Though Emitations is best known for making trendy, classic jewelry at affordable prices, they have gone a step beyond by establishing a $1,000 Women in Business Scholarship that will provide the financial support for females in higher education. For the one-time scholarship, applicants must be current high school seniors or college students, be enrolling full-time at an accredited American college, maintain a minimum overall GPA of 3.0, have U.S. citizenship, and plan to pursue a degree in business. Candidates must provide an official transcript, ACT and/or SAT scores, proof of enrollment, and a 1,000-word essay explaining how they'd work to make products more accessible to the general public.
7. GEICO Student Achievement Awards
Deadline: February 22nd
Each year, GEICO supports some of the nation's most outstanding students with $2,500 Achievement Awards in recognition of their dedication to academic success, leadership, and community service involvement. Qualified applicants must be enrolled full-time at a participating four-year U.S. college, possess sophomore or junior status, be majoring in business or computer science, carry a minimum overall GPA of 3.0, and exhibit leadership in on-campus or community activities. Students must submit a signed application, resume, letter of recommendation, unofficial transcript, and 1,200-word essay describing why they deserve to be recognized by GEICO.
8. Greater Seattle Business Association Scholarships
Deadline: January 15th
For 23 years, the Greater Seattle Business Association (GSBA) has awarded over $1.8 million dollars to support more than 300 scholars who represent a diverse group of lesbian, gay, bisexual, transgender, queer, and allied students. To qualify, applicants must currently reside in Washington State, be pursuing a post-secondary education in the United States, have a clear vision for their future in business, have a minimum overall GPA of 3.0, and serve as role models for others in the LGBTQ community. Selection will be made based on applicants' academic performance, leadership potential, diversity, involvement in school and/or community service, professional goals, and personal challenges.
9. Jacki Tuckfield Memorial Graduate Business Scholarship
Deadline: May 25th
In honor of the co-owner of Tuckfield Enterprises who was a champion for workforce diversity before she passed away suddenly at just 25 years old, the Jacki Tuckfield Memorial Graduate Business Scholarship is presented annually for $1,100 to African Americans who have earned 12 or more graduate credits in an accredited business administration program. Eligible applicants must be U.S. citizens, reside in one of 17 counties in South Florida, be pursuing a master's or doctoral business degree at a Florida university, earn a minimum GPA of 3.2, and plan to remain in South Florida after graduation.
10. Jane M. Klausman Women in Business Scholarship
Deadline: July 1st
Sponsored by Zonta International through a generous bequest from a former Parliamentarian in Syracuse, the Jane M. Klausman Women in Business Scholarship is awarded each year for $7,000 for extraordinary women who are pursuing an undergraduate or master's degree in business administration. Qualified females must be enrolled at an accredited university, have completed at least one year of college, have an outstanding academic record, and demonstrate initiative in pursuing a business career. Interested students must contact the Zonta club nearest them to receive a nomination and forward their application to International headquarters.
11. Marc Beaumont Scholarship Fund
Deadline: June 28th
As part of the Academy of Interactive Arts & Sciences, the Marc Beaumont Scholarship Fund has been established to deliver $2,500 awards annually for two full-time college students who are pursuing a degree in business administration to start a career in the business of interactive entertainment. Applicants must be enrolled in an accredited U.S. university, have an intention to enter the game industry, carry a minimum overall GPA of 3.3, and exhibit strong moral character for leadership. Applications should be accompanied by proof of enrollment, two signed letters of recommendation, official college transcripts, and a two-page personal statement.
12. MillerCoors National Scholarship
Deadline: May 30th
Also administered through the ¡Adelante! U.S. Education Leadership Fund, the MillerCoors National Scholarship program is designed to provide $3,000 annually to a U.S. citizen of Hispanic descent who is pursuing an accredited business administration degree with a major in accounting, communications, general business, economics, finance, international business, marketing, public relations, or sales. Eligible candidates must be junior or senior-level undergraduates, have full-time enrollment status, be attending a partnering university, and maintain a minimum cumulative GPA of 3.0. Recipients will receive a trip to San Antonio to attend that year's ¡Adelante! Annual Leadership Institute.
13. National Business Association Scholarship Program
Deadline: April 1st
Each year, the National Business Association (NBA) hosts a scholarship program to provide five $1,500 scholarships for high school seniors, freshmen, sophomores, and juniors who are dependent children of dues-paying members following in their parent's business footsteps. In order to qualify, candidates must be attending accredited non-profit two or four-year colleges in America, rank in the top third of their class, have a cumulative GPA between 2.5 to 3.5, and be pursuing a degree related to any business discipline. Applicants will be judged based on their academic achievements, community service involvement, career interests, and professional experiences.
14. NPA Future Business Leaders Scholarship
Deadline: April 24th
Initially founded in 2003 by the executive director of the National Pawnbrokers Association (NPA), the Future Business Leaders (FBL) Scholarship program is structured to deliver two $1,000 awards annually for applicants pursuing a business degree at an accredited two or four-year college in the United States. Applicants should rank in the top 50 percent of their class, have a combined SAT score of 1,000 or better, possess a minimum GPA of 2.5, be involved in school or community activities, and be sponsored by a NPA member in good standing. One letter of recommendation, an official transcript, SAT/ACT results, a color photograph, and a 500-word personal essay must be submitted.
15. NSHSS Foundation Business Scholarships
Deadline: April 1st
Annually, the National Society of High School Scholars (NSHSS) Foundation offers $1,000 college scholarships to outstanding students pursuing a major in business administration who demonstrate the potential to pursue leadership roles in public policy management to promote effective policy decisions that solve our national and international issues. This scholarship is only open to graduating high school seniors who have carried a minimum overall GPA of 3.0 or above. Along with the online application, students should submit a personal statement, current photograph, teacher recommendation letter, transcript, and list of relevant service activities.
16. PNC Bank's "Leading with Integrity" Scholarship
Deadline: January 27th
In collaboration with Student Veterans of America (SVA), PNC Bank offers the "Leading with Integrity" Scholarship to award $10,000 to help veterans of the U.S. Armed Forces overcome the financial obstacles of pursuing their higher education goals and transitioning into the civilian workforce. This program is only available for veterans pursuing an accredited graduate degree in business administration, finance, or closely related fields. Eligible candidates should have completed at least one college semester, carry a minimum overall GPA of 3.0, have been honorably discharged, be pursuing a career within the financial services industry, and write a one-page essay describing what "Leading with Integrity" means to them.
17. Richard G. Cortez Business Scholarship
Deadline: April 1st
Since 1993, the Richard G. Cortez Business Scholarship has been granted through the Hispanic Business Association (HBA) to provide $1,000 to students of Hispanic descent who are pursuing post-secondary degrees in business from accredited colleges in Idaho and Eastern Oregon. Eligible candidates must enroll in a minimum of 12 credits per term, maintain an overall GPA of at least 2.5, and demonstrate clear initiative for leadership through extra-curricular activities or work experience. Applicants must attach two letters of recommendation, an official transcript, current resume, and an essay describing their knowledge of American government.
18. Scarlett Family Foundation Scholarships
Deadline: December 15th
For students in Middle Tennessee, the Scarlett Family Foundation has been providing annual scholarships for up to $15,000 apiece since 2006 to encourage graduating high school seniors and current undergraduate students to work towards a business administration degree. Qualified applicants must have graduated from high school in one of 40 Tennessee counties, demonstrate financial need, maintain a minimum overall GPA of 2.5, plan to enroll full-time in a four-year non-profit business program, and participate in business-related organizations. Scholarships can be renewed for a maximum of four years or until the recipients complete their bachelor's degree in business administration.
19. Stephen Bufton Memorial Educational Fund
Deadline: May 15th
As the scholarship division of the American Business Women's Association (ABWA), the Stephen Bufton Memorial Educational Fund offers several national award programs ranging from $5,000 to $10,000 each for qualified female undergraduate or graduate students who are pursuing an accredited business administration degree program. Applicants should be U.S. citizens, have at least sophomore status, be enrolled in an American college, and maintain a minimum GPA of 3.0. Students should supply a biographical sketch, three letters of support, official academic transcripts, and a completed application.
20. Virtual Business Scholarship
Deadline: April 1st
As the maker of virtual business simulations, Knowledge Matters has created the Virtual Business Scholarship program to provide awards ranging from $250 to $2,000 apiece to graduating high school seniors who will be enrolling in an accredited U.S. post-secondary institution to pursue a major in business administration, personal finance, or marketing. Eligible recipients must be nominated by a teacher on the basis of their outstanding achievement in business courses and interest in using technology to make advancements in the marketplace. Funding will be disbursed each May to help winners defray the costs of tuition, academic fees, and textbooks.
Business administration degree programs offer some of the highest ROIs with an average starting salary of $54,000 each year, but you'll first need to afford at least four years of tuition in post-secondary education to get there. For the most profitable return, it's highly suggested that you search for scholarship funding opportunities that provide free tuition money that will never need to be repaid. Take advantage of one or more of these great business administration scholarships to finance your education and unleash your full business leadership potential.