INSEAD is a dream institution for aspiring students who wish to pursue an MBA to establish their own business or venture in the corporate sector. Moreover, this institution has been encouraging students worldwide to pursue their education here by providing numerous scholarships. Individuals wondering what INSEAD scholarship is, can refer to this piece to obtain detailed knowledge about the same. Here, they can also find out about its eligibility criteria and application process.
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Eligibility Criteria for Insead Scholarship 2022
There are primarily two types of INSEAD Scholarship: Need-based and non-need-based scholarships. Candidates who wish to pursue leadership and business practice can apply for this scholarship.
Students from economically weaker sections of society can apply for the former. On the other hand, the latter is awarded to deserving and exceptional students in academics. Underlined below are scholarships provided under the two types and INSEAD scholarship eligibility:
| Scholarship (Need-Based) | Eligibility | Amount |
| INSEAD Alumni Fund Robin Hood Scholarship | Candidates must demonstrate the requirement for financial assistance. | Up to € 20,000 (INR 17,56,600) |
| INSEAD Need-based Scholarship | Candidates have to demonstrate the requirement for financial assistance. However, those from economically weaker sections will be preferred. | € 12,000 (INR 10,53,960) |
| INSEAD Alumni Fund Diversity Scholarship | Same as above | € 10,000 (INR 8,78,300) |
| INSEAD Alumni Association Scholarship Fund | Same as above | Up to € 25,000 (INR 21,95,750) |
| Scholarship (Merit Based) | Eligibility | Amount |
| INSEAD Alumni Fund Special Profile Scholarships | Candidates are required to give a brief description of themselves. | € 10,000 – € 25,000 (INR 8,78,300 – 21,95,750) |
| INSEAD Alumni Fund Women’s Scholarship | Candidates have to answer essay type questions in 350 words. | € 15,000 (INR 13,17,450) |
| INSEAD Andrew Horden Endowed Scholarship | Those candidates who do not have a traditional MBA background can apply. | € 10,000 (INR 8,78,300) |
| INSEAD Forte Foundation Fellowship | Candidates must have demonstrated exemplary leadership skills. | € 15,000 (INR 13,17,450) |
| INSEAD Admiral Scholarship | No specific background is required. | € 10,000 (INR 8,78,300) |
| INSEAD Alumni Fund Special Profile Scholarships | Same as above | € 10,000 – € 25,000 (INR 8,78,300 – 21,95,750) |
There are other scholarships also available under INSEAD. They are listed below for easier understanding:
- INSEAD MBA ’91 June Endowed Scholarship
Those candidates from economically weaker sections of a developing nation will be considered eligible. However, they must demonstrate the requirement for financial assistance. Moreover, the candidate should be willing to return to his or her country or birthplace in the future.
- INSEAD Orange Endowed Scholarship(s) for Emerging Markets
Candidates from Armenia, Central African Republic, Brazil, Egypt, India, Dominican Republic, Kenya, Moldova, Niger, Madagascar, Romania, South Africa, Russia, Uganda, Slovakia and United Arab Emirates (Dubai) can apply for this. Proficiency in the French language would be considered a plus.
- INSEAD Ryoichi Sasakawa Young Leaders Fellowship Fund (Sylff)
Candidates of any nationality must demonstrate strong leadership skills in a multicultural setting. However, students who need financial assistance will be preferred.
- INSEAD Syngenta Endowed Scholarship(s) for Emerging Country Leadership
Candidates must be a citizen of a nation with an emerging economy. They should have spent a significant part of their lives in the developing world. They must also have pursued their education and professional experience in the country. In addition, those who hold experience in the industry will be preferred.
- INSEAD L’Oreal Scholarship
Applicants of any nationality can apply. However, they must demonstrate a capacity for creativity and innovation. They should be able to do this through diversity and entrepreneurial activity.
- INSEAD Louis Vuitton Scholarship
The candidate must be a citizen of China or India. They must have studied in one of the countries and must have completed their professional experience there. Those candidates who have experience in retail will be preferred. Those who are selected for the scholarship will be awarded € 25,000. This is the INSEAD scholarship amount.
In addition, candidates will be assessed based on their written essays and the eligibility prerequisites. One to avail need-based scholarship needs to provide certain documents that are listed below:
- Salary proof includes the recent salary slip from one’s employer.
- One must have bank documents from the last three months that reflect their savings accounts.
- If one has had experienced exceptional circumstances in the last year, this needs to be substantiated with medical care, bankruptcy etc.
- Candidates must provide their mark sheets.
Furthermore, one must note that scholarship awards are deducted from the recent instalment of one’s tuition fees. Therefore, one should be wary that if one has received an INSEAD scholarship and has obtained an additional grant, the former will automatically be withdrawn.
Candidates need to provide a non-refundable fee of € 250 (approx. US$ 298), which is the cost of the INSEAD application. In addition, they must provide English language certification such as TOEFL, TOEIC, IELTS and two professional LORs. In addition, one’s GMAT score will be assessed.
Application Deadlines for Insead Scholarship
Candidates must remain updated with the scholarship dates to avail themselves from beforehand. The dates are given below for easier understanding:
| Round of Interview | Date |
| Final Interview | February 2023 |
| Round 3 | 23 February 2022 |
| Round 2 | 8 June 2022 |
| Round 1 | 20 April 2022 |
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Insead Scholarship Admission: Step-by-step Guide
Candidates first have to log in to the INSEAD MBA Scholarship Portal. The steps are mentioned below for easier understanding:
Step 1: Candidates first have to register and provide the necessary details. Then, one must log in with the credentials. If one has forgotten a password, one has to give those details.
Step 2: One must choose whether their scholarships should be need-based, unique attributes, social impact, financial need, women’s leadership etc.
Moreover, one can track the status of their application by providing their ID and password.
Return on Investment for INSEAD MBA Program
Candidates invest a lot of time, money, and effort in the INSEAD MBA program. The purpose of doing so is to increase their employability. This is what translates to a high return on investment for many. Underlined below are the average salaries that applicants earn after the completion of their programs:
| Mean Salary | Median Salary | Median Salary + Bonus | Industry |
| $ 112,900 | $ 108,000 | $ 31,100 | Financial Services |
| $ 102,800 | $ 104,000 | $ 24,450 | Technology, Media & Telecommunications |
| $ 104,700 | $ 98,200 | $ 20,500 | Corporate Sectors |
| $ 113,800 | $ 113,400 | $ 27,000 | Management Consulting |
Now that candidates know the INSEAD scholarship and its eligibility criteria, they must start applying. First, however, they must ensure that it does not clash with their English proficiency or GMAT exams.
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Frequently Asked Questions
1. What is the GMAT Score Required for INSEAD Scholarship?
One must score above 700 to be considered eligible for INSEAD.
2. What does INSEAD mean?
INSEAD stands for Institut Européen d’Administration des Affaires.
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