External merit-based scholarships are available to highly qualified applicants. After acceptance to the program, students seeking scholarships will be requested to fill out a Finances Form. The scholarships may not be awarded if no suitable candidate applies.
Joachim Herz Stiftung Scholarships: Highly qualified non-German applicants with a business/economics background will be considered for a Joachim Herz Fellowship. These Fellowships, generously provided by the Joachim Herz Stiftung, provide not only financial assistance, but also entitle Fellows to participate in a variety of networking and other activities sponsored by the Joachim Herz Stiftung.
Allen & Overy Scholarships: The international legal network Allen & Overy LLP offers scholarships for MLB Program applicants. Students with a legal background, ideallly from a country in which Allen & Overy LLP has an office, may apply for a partial Allen & Overy Scholarship.
Krupp Scholarships: The Alfried Krupp von Bohlen und Halbach-Stiftung provides scholarships to highly qualified applicants.
Schürfeld Scholarships: The Gustav und Catharina Schürfeld Stiftung provides a scholarship to one student from Israel and one student from an Arab country. The scholarship covers half of the tuition.
Marga und Kurt Möllgaard Scholarship: The Marga und Kurt Möllgaard-Stiftung provides some support to highly qualified applicants from Kaliningrad, Russia, or Zaporizhzhya, Ukraine.
Scholarships for Latin American applicants: A scholarship fund for highly-qualified Latin American candidates with a legal or business background is available.
Horst Köhler Scholarships: The ZEIT-Stiftung Ebelin und Gerd Bucerius ("ZEIT Foundation") has created a scholarship fund for highly qualified applicants from Africa. These scholarships are named in honor of the German Federal President, Horst Köhler, who for years has been known for his commitment in and for Africa.
Another means of financing your participation in the MLB Program is the financing concept of the WHU Brain Capital GmbH. To learn more about this concept, please click here.
The MLB program offers some financial aid to selected students in the form of a partial waiver of tuition. After acceptance to the program, students seeking tuition waivers will be requested to fill out a Finances Form.
German students (or international students who have been living in Germany for more than two years) can consider to apply for a bank loan in order to finance the tuition fees and living expenses with Deutsche Bank or Hamburger Sparkasse. Our contact person for Deutsche Bank is Sabrina Keck. She can be reached by email at sabrina.keck(at)db.com or by telephone: +49 (0)40 7014855. The contact person for Hamburger Sparkasse is Katja Karina Münzberg who can be reached by email at katja.muenzberg(at)haspa.de or by telephone: +49 (0)40 35796874.
The following links of scholarship providers might be of interest. Please understand that the MLB Team cannot help you with individual questions regarding external scholarship deadlines and application procedures as these are subject to change.
We wish to encourage you to check the websites carefully and determine whether you fulfill the scholarship prerequisites. Note that some scholarships are available exclusively for students with a specific academic background and/or academic merit, work experience, nationality, language skills or age. Some scholarship providers ask for political involvement or particular personal interests. Some pay living expenses, others (partial) tuition. Some include you in a network and ask you to keep in contact with the institution. Some expect you to pay money back or visit conferences, etc. Our short overview below gives you the chance to find out whether you are eligible for one of the scholarship programs. There may well be external financial assistance that meets your needs and we strongly encourage you to explore these and other possibilities.
If you wish to share your experience in the search of scholarships with us, we will be more than happy to receive your information. Good luck!
German Academic Exchange Service (DAAD): A comprehensive scholarship database with information on various kinds of DAAD funding as well as on fundings for foreign students offered by other selected organisations can be found at www.daad.de/deutschland/foerderung/stipendiendatenbank/00462.en.html.
The Alfred Toepfer Stiftung F.V.S. offers a one year scholarship for students from Middle and Eastern Europe: Alfred-Toepfer-Stipendium. Students older than 30 years are not eligible for the Alfred Toepfer scholarship.
The Haniel Stiftung has a scholarship program for students from Central and Eastern Europe ("Go West - European Master's Degree & Internship"): Haniel Stiftung
The Dr. Jost Henkel Stiftung offers need-based scholarships for talented students: Dr. Jost Henkel Stiftung.
Some German political foundations offer scholarships to students who share the same political views: Konrad-Adenauer-Stiftung, Friedrich-Ebert-Stiftung,
Friedrich-Naumann-Stiftung, Heinrich-Böll-Stiftung, Rosa-Luxemburg-Stiftung and Hanns Seidel Stiftung.
The foundation "Stiftung der deutschen Wirtschaft" also offers scholarships to applicants with different national backgrounds.
If you have any questions about these programs, please contact the institutions directly.
Other online financial aid databases:
MATEUSZ KORUS, POLAND: "Without the support of an Allen & Overy scholarship I would not have been able to take part in the MLB Program. From the very beginning I have seen the support given by Allen & Overy as a big distinction for the Program attesting and acknowledging its high academic level and strong, partner-related connection with the professional world."
LIABO MOLAPO, LESOTHO, CARE INTERNATIONAL:
"I received a scholarship financed by the ZEIT-Stiftung Ebelin und Gerd Bucerius and named in honour of German Federal President Horst Köhler. Through the MLB Program and an internship at the Deutsche Bank AG in Germany, I have acquired international experience. The MLB complemented my qualifications and experience in the Management of Human Resources, broadened my perspective and gave me a lead in my career by equipping me with skills to manage business as a senior manager in the organization I work for. I learned a lot about other countries through my classmates and am now part of a network of professionals."
GEORGE SVANADZE, GEORGIA, PHD STUDENT: "I came to Germany together with my wife. As we had already learned German back home, I applied to one of the German foundations, the Konrad Adenauer Stiftung, for a living expenses scholarship. Luckily, I won this financial support, which was even extended after the MLB Program. I am now writing my Ph.D. at the Christian-Albrechts- Universität zu Kiel; I live with my wife - who is also a student - and my infant son in Berlin."