ManJoeRice Business offers various merit-based scholarships to help students save money on tuition and other expenses.
All full-time MBA candidates are automatically considered for merit-based scholarships during the application review process and are notified if one is awarded at the time of Rice MBA acceptance. Check out Aphathethe Kaiser Permanente Community Health Scholarship
Which Rice Online MBA Scholarships are right for you?
With the nation’s total outstanding student loan debt reaching $1 trillion, the exorbitant cost may prevent talented individuals from pursuing higher education.
Though the cost of business school can be discouraging, more and more schools are giving competitive scholarships to allow talented candidates to pursue an MBA.
Rice University’s Jones Graduate School of Business is a pioneer in providing merit-based scholarships to promising students.
According to the school, 80% of the full-time MBA students from the 2018 class earned scholarships.
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All applicants are immediately assessed for merit-based rewards once admitted. These merit-based incentives are only available to full-time MBA students and can pay anything from 10% to 100% of tuition.
Rice also provides a variety of flagship scholarships. For Houston-area business students, we’ve compiled a list of Rice University’s top MBA scholarships.
1. Full-named Dean’s Endowed Scholarship
The Full Named The Dean’s Endowed Scholarship adds $2,000,000 to Rice’s scholarship resources and covers the full cost of tuition and fees.
2. Crownover Scholars’ Program
This scholarship allows students to personally engage with the award’s namesake, former Rice Board of Trustees Chair James Crownover.
In addition to financial aid, this prize connects participants with the experienced James Crownover, who serves as a mentor, introducing students to industry experts and providing guidance and insight.
3. Jones Partners’ Leadership Scholarship
Jones Partners is a group of individuals dedicated to bridging the gap between the Jones Graduate School of Business and the local business community.
This network provides a scholarship for full-time MBA candidates who have the potential to become excellent leaders. This prestigious grant covers students’ tuition and fees for two years.
4. The McNair Scholars Program
Every year, one Rice MBA applicant is selected for the McNair Scholars Program based on their academic performance, aptitude, and leadership skills.
The McNair Scholars Program offers opportunities to promising applicants from low-income families (often first-generation students), covering full tuition costs for all recipients.
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Rice Online MBA Scholarships Application Requirements
One of the Rice University MBA entry criteria for applicants is a four-year bachelor’s degree from a recognized US college or university or an equivalent degree from another nation.
Rice’s MBA Application Process
1. Create an online account by registering with the Rice MBA application site.
This is the initial stage in the application process. Now, fill out your online application with your personal information and complete the following components:
Upload unofficial transcripts for each degree you possess. The transcriptions should include the following information:
International applicants who completed their bachelor’s degree outside of the United States should have their transcripts evaluated by a third-party transcript agency. You can use any of the three businesses listed below to evaluate transcripts.
- SpanTran: The Evaluation Company
- Educational Credential Evaluators
- World Education Services (WES)
Rice Business considers transcripts examined by any of the three companies listed above to be official transcripts.
2. Standardized tests.
Rice University’s MBA application requires a good GMAT score. Full-time MBA candidates may be eligible for a test waiver.
However, it is preferable to obtain a high GMAT score, which adds weight to your application. To improve your chances, aim for a score higher than 710–715.
Additionally, overseas applicants must submit a valid IELTS or TOEFL test score to demonstrate their English language skills.
3. Professional Resume.
A professional CV should include your work history and professional accomplishments. To write a decent CV, follow the recommendations below.
- Keep the resume brief and concise—no more than one page.
- Do not list all of your employment duties. Instead, simply emphasize your obligations, particularly the administrative ones.
- Highlight noteworthy accomplishments and honors.
The Rice MBA admissions committee is interested in meeting you in person. So, use the extracurricular activity portion of your application for this purpose.
For example, you can mention the groups you participate in, the expedition team you headed, or anything else that reflects positively on your personality.
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4. Letter of recommendation.
You must send one letter of recommendation from your current or past supervisor. If your immediate superior declines to supply you with a recommendation letter, you must submit two letters of recommendation.
Rice University’s MBA programs utilize the GMAC Common Letter of Recommendation, which can be used for different business school applications.
After you enter the recommender’s contact information in your application, the system will immediately send them an electronic “common recommendation” form.
5. Essays
(i) Short Answer Response
You must write two 100-word responses, one for your short-term career ambitions and the other for your long-term work objectives.
(ii) Creative Essay.
You will need to compose a 500-word essay on one of the two essay questions listed on the business school’s official website.
Alternatively, you can submit a video with a 1-3 minute time constraint based on your question.
(iii) Optional Essay
You can utilize the 500-word optional essay to clarify any additional information for the admissions committee. Use this area to describe any employment gaps or previous academic performance.
6. Application fees.
Submit your Rice MBA application and pay the $200 application fee via credit card or internet banking.
The admissions committee will begin considering your application once you have submitted it and paid the Rice University MBA costs.
If you are accepted, the admissions committee will notify you by email.
Among other things, Rice MBA students like the opportunity to customize courses the most.
Rice University’s MBA program includes approximately 100 electives from several fields, like accounting, finance, and entrepreneurship.
As a result, students can personalize almost half of their curriculum. Students also get the opportunity to collaborate with real-world businesses to tackle complicated business challenges.
Students obtain useful insights by engaging in a variety of initiatives aimed at promoting experiential learning.
For example, the Action Learning initiative is a 13-week team-based initiative in which student teams address a company’s difficulties and offer effective solutions.
Students graduate from the B-school with not just an MBA degree but also a diverse set of knowledge and abilities to flourish in the global business environment.
FAQs About Rice Online MBA Scholarships
Does Rice University accept a three-year bachelor’s degree?
Yes, Jones Graduate School of Business accepts three-year bachelor’s degrees from international students. Students can apply directly from their bachelor’s programs.
Are Rice’s MBA programs STEM-designated?
All Rice University MBA programs are STEM-designated.
What concentrations are offered to full-time MBA students at Rice University?
Full-time MBA students can choose from eleven concentrations listed below.
- Accounting
- Finance
- Entrepreneurship
- Energy
- Marketing
- Healthcare
- Organizational Behavior
- Operations Management
- Strategy
- Real Estate
What are the most common industries in which Rice MBA graduates work?
Rice University MBA graduates work in a variety of industries, depending on their subject competence and emphasis.
However, according to the most recent Rice MBA employment report, the banking and consulting sectors account for the majority (53%), followed by petroleum/energy (16.67%), technology (14.07%), and other industries.
I’m from India. Can I pay for my Rice MBA with an educational loan?
Many reputable Indian banks offer educational loans for studying an MBA overseas based on your credentials.
You can also choose the Global Student Loan Corporation, a third-party loan facilitator that helps Indian citizens secure educational loans.
However, only consider loans after you’ve exhausted all of your Rice MBA scholarship opportunities.
For more information, visit their official website
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