Indian School of Business - [ISB] in Mohali, Punjab, India, offers a comprehensive range of scholarships designed to make world-class management education accessible to deserving candidates. These financial aid opportunities include merit-based waivers, need-cum-merit scholarships, diversity initiatives, donor-supported awards, and post-graduation support for students entering social impact sectors. The scholarship portfolio reflects ISB's commitment to recognizing academic excellence, supporting financial need, and promoting diversity across educational and professional backgrounds. With approximately 20-25% of the batch receiving some form of scholarship and total annual disbursements of around INR 20 crores, ISB Mohali ensures that financial constraints do not limit access to its flagship Post Graduate Programme (PGP).
- Indian School of Business - [ISB] Scholarships Overview
- Indian School of Business - [ISB] Eligibility
- Indian School of Business - [ISB] Required Documents
- Indian School of Business - [ISB] Application Process
- Indian School of Business - [ISB] Scholarship Details
- Indian School of Business - [ISB] Additional Notes
Indian School of Business - [ISB] Scholarships Overview
The scholarship ecosystem at Indian School of Business - [ISB] Mohali encompasses multiple categories designed to support students throughout their MBA journey. Merit-based waivers range from INR 5 lakh to full tuition coverage, with amounts varying between INR 8.5 lakh to INR 25 lakh depending on performance in the selection process. Need-based support targets candidates from economically disadvantaged backgrounds, while diversity scholarships promote representation from varied educational and professional domains. The institute automatically considers all applicants for merit scholarships during the admission process, eliminating the need for separate applications in most cases. Scholarships are disbursed either as tuition waivers or direct refunds depending on the category, with each candidate eligible to receive only one scholarship or waiver to ensure equitable distribution across the batch.
Indian School of Business - [ISB] Eligibility
Eligibility for Indian School of Business - [ISB] Mohali scholarships varies by category but generally encompasses both merit and need-based criteria. For merit-based scholarships, candidates are evaluated on their overall performance in the ISB selection process, including GMAT/GRE scores, academic performance, work experience quality, essay submissions, and interview performance. Need-cum-merit scholarships require candidates to demonstrate financial need with an annual family income not exceeding INR 18 lakh (including the applicant's pre-ISB income). Some scholarships specifically target women candidates, differently-abled students, armed forces personnel, international students, AIESECers, and professionals returning to India from abroad. Diversity scholarships recognize candidates from non-traditional educational or professional backgrounds who demonstrate exceptional merit. Donor-sponsored scholarships may have additional criteria specified by the benefactor, and candidates fitting these profiles are contacted separately for essay submissions or supplementary applications.
Indian School of Business - [ISB] Required Documents
The documentation requirements for Indian School of Business - [ISB] Mohali scholarships ensure proper verification of eligibility and need. Candidates typically must submit the following documents during the admission or scholarship application process:
Income certificates and tax returns (for need-based scholarships demonstrating family income below INR 18 lakh)
Academic transcripts and degree certificates from undergraduate and previous educational institutions
GMAT/GRE scorecards reflecting entrance examination performance
Professional experience letters and employment verification documents
Essays or statements of purpose (for specific donor-supported or diversity scholarships as requested)
Indian School of Business - [ISB] Application Process
The application process for Indian School of Business - [ISB] Mohali scholarships is streamlined to minimize administrative burden on candidates. For merit-based scholarships, all applicants are automatically considered during the admission evaluation process without requiring separate applications. Scholarship opportunities are available across all three application rounds, with recent changes ensuring equal chances of receiving awards regardless of the round in which candidates apply. However, applying early is encouraged as the scholarship pool may diminish in later rounds despite efforts to maintain equity. For need-cum-merit scholarships, candidates must indicate their financial need during the admission application and provide supporting income documentation. Certain donor-supported scholarships require additional essays or applications, and candidates fitting specific donor criteria are contacted directly by the admissions committee. Scholarship decisions are typically announced along with admission offers, often included in the offer letter itself, allowing candidates to make informed enrollment decisions.
Indian School of Business - [ISB] Scholarship Details
Indian School of Business - [ISB] Mohali offers a diverse portfolio of scholarships covering merit, need, diversity, and post-graduation support. The following table provides comprehensive details on available scholarships, their eligibility criteria, benefits, and special conditions. Final awards depend on verification of submitted documents and overall performance in the selection process.
Scholarship Name | Eligibility Criteria | Benefit | Notes |
ISB Merit Waiver | All applicants automatically considered based on selection process performance (GMAT/GRE, academics, work experience, interview) | 25% to 100% of tuition fees (INR 8.5 lakh to INR 25 lakh) | No separate application required; awarded at time of admission |
Need-cum-Merit Scholarship | Annual family income not exceeding INR 18 lakh (including applicant's pre-ISB income); merit-based selection | Minimum INR 8 lakh to maximum INR 25 lakh (25% to 100% of tuition) | Approximately 40 scholarships available; income verification required |
ISB Merit by Diversity Waiver | Applicants from diverse educational or professional backgrounds demonstrating high merit | 25% to 100% of tuition fees (INR 5 lakh to full tuition) | Up to 10 students; promotes class diversity |
International Diversity Waiver | International passport holders with high merit | 25% to 100% of tuition fees (varying amounts) | Up to 30 scholarships for deserving international students |
AIESEC – ISB Waivers | Applicants who are active or former AIESECers | INR 5 lakh (25% of tuition fees) | Up to 3 scholarships; essay submission required |
Bridge to India Waiver | Indian-origin students currently working abroad planning to return to India | INR 5 to 10 lakh (25% of tuition fees) | Up to 5 students; essay submission required |
Armed Forces Scholarship | Offered to armed forces personnel or their family members | 50% of tuition fees | Honors service to the nation |
Dean Don Jacob's Memorial Scholarship | Applicant demonstrating exceptional merit | 50% of tuition fees | Donor-supported merit scholarship |
Prof. Manasa Mandava Memorial Scholarship | Woman applicant with high merit | 50% of tuition fees (25% at start, 25% after core terms) | Awarded in two tranches; supports women in business education |
Bajaj Auto Scholarship | Merit-based selection; recipients known as "Bajaj Auto Scholars" | 100% of tuition fees | Three scholarships sponsored by Bajaj Auto |
Deepak Parayanken Tuition Waiver | Merit-based; at least one awarded to female student | INR 15 lakh | Two scholarships sponsored by PGP 2011 alumnus |
Alumni Endowment Fund Tuition Waiver | Merit-based selection | 25% of tuition fees | Two scholarships awarded annually |
Vidula Jalan Scholarship | Need-cum-merit basis; one female and one male student | 100% of tuition fees | Memorial scholarship by Anshuman and Vidula Jalan Foundation |
Indira - Vasudha Scholarship | Female PGP candidate with high merit | Up to 25% of tuition fees | One scholarship awarded annually to women |
Ishwar Prakash Agarwal Scholarship | Differently-abled students or women returning after sabbatical/family raising | INR 6 lakh | Promotes inclusion and diversity |
Aakash Tuition Grant | Need or merit-based | INR 5 lakh | Sponsored by PGP 2004 alumnus |
Jagannath Arora Scholarship | Need-based; ISB income criteria apply | INR 5 lakh | Recipient known as "Jagannath Arora Scholar" |
PGPMAX Co 2012 Scholarship | Need-based for social sector applicants; essay on "Giving back to society" required | INR 6.25 lakh | Sponsored by PGPMAX 2012 alumni |
Ramesh C. Khanna Nurture India Scholarship | Need-based for sole earning member of family; essay required | 25% of tuition fees | Selection by donor based on essay |
ISB Develop India Scholarship | Graduating students entering social impact startups, NGOs, development sector, or returning to PSU/government; must have educational loans | EMI support up to 24 months | Paid directly to student's loan account; application with statement of purpose required |
Indian School of Business - [ISB] Additional Notes
Several important conditions and policies govern scholarship awards at Indian School of Business - [ISB] Mohali. Each candidate can receive only one scholarship or waiver to ensure equitable distribution of financial aid across the entire batch. Scholarships awarded at the time of admission are typically reflected in the offer letter, while some donor-sponsored awards may require post-enrollment applications or essays. For scholarships disbursed in multiple tranches (such as the Prof. Manasa Mandava Memorial Scholarship), recipients must maintain satisfactory academic performance and complete core terms to receive subsequent installments. The ISB Develop India Scholarship is unique in supporting post-graduation career choices, providing EMI assistance for up to 24 months for graduates entering social impact sectors or returning to public service roles. Candidates are strongly encouraged to apply early, as scholarship pools may be limited in later admission rounds despite institutional efforts to maintain equal opportunities. All scholarship decisions are final and made at the discretion of the Admissions Committee (Adcom), with awards based on comprehensive evaluation of academic credentials, professional achievements, interview performance, and demonstrated need where applicable.