MBA & Master Glossary
Need-Based Scholarship
Definition
A need-based scholarship is awarded based on the applicant's financial situation. It aims to ensure that talented candidates can pursue an MBA regardless of their financial means. Applicants typically need to demonstrate financial need through income documentation and asset declarations.
Example: "The need-based scholarship was calculated on the basis of her proof of income."
Why this matters for your MBA
"Need-Based Scholarship" is one of the terms you will come across when comparing MBA and Executive MBA programmes in Germany, Austria and Switzerland — in admission requirements, accreditation details or programme descriptions. On mba.de you can check how individual business schools handle it and compare programmes independently.
Source: mba.de – independent comparison portal since 2003.