Business school is probably the single most significant investment you will make in your personal and professional development. We are committed to helping students afford our programs.

Diversity Scholarship—Underrepresented Minorities

These scholarships are awarded to MBA candidates based on the degree to which an individual demonstrates how he or she has supported the academic, personal or professional advancement of underrepresented minorities (individuals who are citizens or permanent residents of the U.S. and are of African American/Black, Native American/Alaskan Native, Hispanic/Latinx, Native Hawaiian, or Pacific Islander descent).

To be considered, you must submit a statement (no more than 300 words) describing the most relevant experiences that qualify you for this award. The essay may be submitted along with the other essays in the online application. These scholarships range from $10,000 to full tuition per academic year (in addition to any other potential merit scholarship up to, but not to exceed, full tuition).

National Black MBA Association Scholarship Program

Vanderbilt is proud to be Diamond Level partner of The National Black MBA Association (NBMBAA), which provides financial support to students pursuing careers in business, academia, and related professions. NBMBAA's mission is to identify and increase the pool of black talent for business, public, private, and non-profit sectors. NBMBAA Fellows at Vanderbilt are awarded merit-based scholarships of up to full tuition. More information on the Vanderbilt NBMBAA Fellowship can be found on the National Black MBA Association website.


Prospanica’s mission is to empower and enable Hispanic professionals to achieve their full educational, economic, and social potential. The association offers career and professional development conferences, resources for students and professionals, and scholarships for graduate education. As a University Partner, Vanderbilt offers merit-based scholarships for students selected for the Prospanica Fellowship.

Scholarships for Native American Candidates

The American Indian Science and Engineering Society (AISES) helps students move forward in their educational journeys by providing a wide range of programs and scholarship opportunities. AISES scholarships help students acquire skills and training that will help them meet the unique STEM needs of our communities.

  • National Center for American Indian Enterprise Development Scholarships
    Requirements: Applicants must be an enrolled member of a federally recognized tribe and majoring in a business field. Students must be a junior, senior or graduate student and enrolled full time at an accredited university.
  • American Indian Graduate Center Graduate Fellowships
    Amount: Varies
    Requirements: Pursuing a master's or doctoral degree as a full-time student at an accredited U.S. graduate school; demonstrate financial need; and be an enrolled member of a federally recognized American Indian tribe or Alaska Native group, or be able to demonstrate ancestry of 1/4 degree Indian blood.
  • American Indian College Fund Scholarships
    : Varies
    Requirements: American Indian College Fund provides scholarship support to each tribal college and university and administers several scholarship programs to American Indian and Alaska Native undergraduate and graduate students attending tribal colleges and state and private universities.

Toigo MBA Program

The Toigo MBA Program provides minority MBA candidates committed to careers in finance with support to help reduce the barriers to entry minority MBAs too often face. Students selected for the Toigo MBA Program will receive additional leadership development and career coaching services from the Toigo Foundation that will run concurrently with your two years as a Vanderbilt MBA student.

Cindy Kent Legacy Scholarship

The Cindy Kent Legacy Scholarship provides funding for a student who is underrepresented in business and includes mentoring.

Cecil and Amy Jorgenson Conlee Diversity Scholarship

The Cecil and Amy Jorgenson Conlee Diversity Scholarship provides financial support for deserving underrepresented minority students at Owen.

Visit the MBA tuition and scholarships page for additional information on MBA scholarships.

By the numbers


The percent of underrepresented minority MBA graduates employed after graduation.


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