Can I wait for a fully funded scholarship and prepare for GMAT for one year before applying in UK/Ireland for a Master's/MBA?

Yes, you can spend a year preparing for the GMAT before applying for fully funded scholarships for Master's programs in the UK and Ireland.

This strategy can strengthen your application, especially for competitive scholarships and MBA programs that require GMAT scores. However, be mindful of scholarship deadlines - most major UK and Ireland scholarships open applications between August and March for the following academic year. Plan your GMAT preparation so you have your score and documents ready before these deadlines.