Applications for the 2024 GMAT Talent and Opportunity Scholarship, which provides 10 winners with a combination of financial aid and preparing materials to help them take the GMAT Focus Edition Exam, are now available.
The GMAT grant, administered by the Graduate Management Admission Council (GMAC), is available until June 14th and is limited to European students.
The award, now in its third year, strives to promote inclusion and make business school more accessible to students from underrepresented backgrounds. GMAC thus invites submissions from women, LGBTQ+ and non-binary applicants, ethnic minorities, socioeconomically diverse individuals, and those with impairments.
“GMAC seeks to achieve the sustainable development goal of ensuring equitable access to high-quality education worldwide. Joy Jones, CEO of GMAC, said, “I am pleased to announce that our scholarship initiative will continue well into its third year.”
Last year’s winners, including a road safety advocate, law student, and DJ, received approximately $5,000 (€4,500) in cash and resources.
In addition to a voucher for the entire cost of the GMAT Focus Edition Exam and a GMAT Official Practice Exam package, the scholarship includes access to an instructor-led preparation course and sessions with a professional admissions adviser from Fortune Admissions. For GMAT scholarship applicants planning to study abroad, CulturaGo offers online cultural courses to help with the transfer to a new environment.
Recognizing the tension and anxiety that prospective students frequently experience during the business school admissions process, GMAC has also agreed to grant a year-long membership to Calm, the top-rated app for meditation and sleep.
To receive these many privileges, applicants for this GMAT scholarship must prepare an essay outlining how their unique background has shaped them in their life thus far. The essay must also demonstrate how candidates intend to contribute to the creation of a more diverse learning environment once they start business school.
“We encourage prospective business school students to apply for a GMAT Scholarship and are eager to learn about each applicant’s unique personal experience. GMAC believes that everyone is an individual and welcomes applications from all backgrounds and industries, whether traditional or non-business. “Business schools thrive because of their diversity,” said Nalisha Patel, GMAC’s regional director for Europe.
The GMAT Talent and Opportunity Scholarship is supported by a number of industry sponsors, including test prep companies and online course providers. This year’s sponsors are: CulturaGo, 700+ CLub, CoVent Prep, Fortuna Admissions, English Business Services, Dia Gerontoudi Prep Center, GMAT Amsterdam, and Your GMAT Coach.
