The National Black MBA Association’s goal is to build a solid pipeline of support through which young people and our members can travel from the classroom to the boardroom. The organization provides more than $500,000 dollars annually in scholarships to undergraduates, graduates and doctoral students pursuing careers in business. The program's mission is to identify and increase the pool of Black talent for business, public, private and non-profit sectors.
Undergraduate Scholarship Program
The NBMBAA National Undergraduate Scholarship Program disburses $1,000 to undergraduate minority business candidates identified through our local chapters. Recipients are selected based upon their written response to an essay topic, level of extra-curricular activity and community involvement, grade point average and interview score. Awardees are honored in the conference edition of the Black MBA Magazine. To participate in our undergraduate scholarship program, please click here to locate a chapter near you. Application deadlines vary by chapter.
Collegiate Chapter Scholarship Program
The NBMBAA® Collegiate Chapter Scholarship Program awards scholarships to students who are members of our Collegiate Chapters. Applicants must demonstrate academic excellence, exceptional leadership potential and be actively involved in their local communities through service to others.
MBA Scholarship Program
The NBMBAA National MBA Scholarship Program awards scholarships to the top applicants identified through our annual essay competition. Recipients are selected based upon their written response to an essay topic, most recent grade point average, verbal communication skills, and level of extra-curricular activities and community involvement.
PhD Fellowship Program
The NBMBAA National PhD Fellowship Program awards two fellowships annually to qualified individuals identified through our application process. Recipients are selected based upon their written response to a research topic, most recent grade point average, verbal communication skills, and level of extra-curricular activities and community involvement. The fellowship package includes monetary awards, travel, accommodations and registration to our annual Conference. The fellowship amounts range from $5,000 to 15,000.
University Partner
Scholarship Programs
Brandeis International Business School - Merit Scholarship
Brandeis International Business School (IBS) - The Graduate Merit Scholarship
In partnership with IBS, the NBMBAA awards the Graduate Merit Scholarship to an outstanding African American student who is either a U.S. citizen or a permanent resident in the United States, and is a member of the NBMBAA in good standing.
The McCallum Graduate School of Business - Bentley University
Scholarship Opportunity
The McCallum Graduate School of Business at Bentley University is proud to offer NBMBAA members the opportunity to pursue graduate education through their McCallum Leadership Scholar Program.
Two awards are available each year to active members of NBMBAA. One full-tuition scholarship is reserved for qualified candidates applying to the 2-year full-time MBA program. One half-tuition scholarship will be made available for qualified candidates applying for the Fall semester of any evening program, which include an Evening MBA program and 7 Master of Science (MS) programs.
Application Deadlines
- 2-Year full-time MBA Scholarship: Members must submit their application by January 15. Decisions will be made by March 1.
- Evening program Scholarship: Members must submit their application by March 15. Decisions will be made by April 30.
Bentley University offers MBA and MS programs that integrate business, technology, ethics, and global understanding, focused through experiential learning, so you’ll be fluent in the principles and practices that drive corporate decision-making today.
Please visit their website here to learn more, or contact Patrick Oroszko, Assistant Director of Graduate Admission, at 781-891-3405 or poroszko@bentley.edu.