To reward exceptional PGP applicants and to support deserving candidates with limited financial resources, the Indian School of Business awards several tuition fee waivers. The scholarships are awarded to candidates during admission or after enrolment, at the discretion of the AdCom or the corporate donor.

The ISB funded tuition waivers include corporate and donor-funded scholarships. These waivers are awarded at the time of admission. The following are the broad categories of waivers:
  1. Merit Waivers: Awarded based on the overall weighted scores at the end of the selection process. Up to 40 scholarships varying from INR 5 Lakhs to full tuition fee are awarded to eligible candidates at the discretion of the Adcom.
  2. Need-Based Waivers: ISB and Corporate donors’ together award up to 40 scholarships of INR 5 Lakhs each to deserving candidates whose family income is not more than INR 10 Lakhs (including applicant’s pre-ISB income). Candidates have to submit an essay and proof of income to be eligible for the need-based waiver
  3. ISB Merit by Diversity: ISB believes that diversity enriches the learning experience both inside and outside the Class. To encourage students with diverse profiles ISB gives scholarships of INR 5 Lakhs to up to 10 students.
  4. AIESEC – ISB Waivers: Up to 3 scholarships of INR 5 Lakhs are given to AIESECers. An essay needs to be submitted for the same.
  5. International Diversity: ISB offers up to 30 scholarships of varying amounts to deserving international students.
  6. Bridge to India: This scholarship is given to Indian origin students currently working abroad, who plan to move back to India. INR 5 – 10 Lakhs scholarships are awarded to up to 5 students. Eligible students would have to submit an essay for the same.
Corporates such as Bajaj Auto, D'D├ęcor, Hilti, Shapoorji Pallonji support these scholarships. We also have Aditya Shembekar Scholarship, Jagannath Arora Scholarship sponsored by PGP Alum Neeraj Arora, Visiting faculty tuition waiver for international students and Alumni endowment fund supporting the above scholarships. The merit scholarships are offered to students at the time of application and don't need a separate application process.
The following are the other scholarships given to students after the PGP admission offers are rolled out:
  1. Citi Scholarships: Citi bank awards 4 merit scholarships of INR 7.5 Lacs each, 2 for Citi employees and 2 for students with an interest in financial services. An essay needs to be submitted basis which Citi bank would select the candidate.
  2. Phoenix Nurture India Scholarship: This need- based scholarship of INR 5 Lacs is instituted by Amit Khanna, alumnus, and Founder, Phoenix Holdings and is awarded students who are the sole earning members in their families. An essay needs to be submitted, basis which the donor would select the candidate.
  3. PGPMAX Co 2012 Scholarship:  Sponsored by the Alumni of PGPMAX Class of 2012, this need-based scholarship of INR 5 Lacs is awarded to applicants coming from social sector. The applicants will have to submit an essay on giving back to the society, basis which the awardee would be selected.
  4. ISB’s Develop India Scholarship: This scholarship has been instituted by the school to help graduating students of ISB venturing into social impact start-ups, Non-Profit / NGO and Development sector or are returning back to PSU/Govt Sector. 


  • All applicants are considered for Merit scholarships by default.
  • All tuition waivers will be adjusted against the payable tuition fee and will not be disbursed directly to the student. 
  • Each applicant will be eligible to receive only one of the tuition waivers. 
  • The information provided aims to be accurate as far as possible at the time of publication. The School reserves the right to add, withdraw or modify any of the criteria, amount and count for all the tuition waivers cited above at any time.