How does the scholarship process work? Are there exams for scholarships or is it part of the application in USA for a Master's?

You will not sit a separate scholarship exam for a US Masters degree, since funding decisions come directly out of your regular admission application. Your GPA, GRE or GMAT scores, statement of purpose, and recommendation letters are read holistically to decide whether you qualify for merit-based awards or tuition waivers. Some schools also add a short supplemental form or checkbox specifically for financial aid consideration.

What Committees Evaluate Instead of an Exam

How Scholarship Consideration Actually Happens

• Automatic consideration: many universities screen every applicant for merit scholarships or tuition waivers without any extra step from you
• Application add-on: some schools include a checkbox or short essay asking if you want to be considered for aid
• Separate institutional portal: certain universities require a second scholarship application with its own deadline after you submit for admission
• External funding: private foundations and government-backed awards like Fulbright run entirely separate applications outside the university
• Graduate assistantships: departments often fund students as Teaching or Research Assistants, covering tuition plus a stipend in exchange for part time work

My Advice

Since your application itself is the scholarship exam, put your effort into a strong GPA, a competitive GRE or GMAT score if you submit one, and a statement of purpose that clearly states your goals. Once you shortlist universities, check each program's funding page directly for graduate assistantship openings, since these often go unadvertised outside the department office.