For many aspiring business leaders, funding a college education can feel like the biggest hurdle on the road to success.
Fortunately, a growing number of scholarships are designed specifically for women who plan to pursue undergraduate business degrees.
In this post, we’ve done the legwork to bring you a comprehensive list of seven top scholarships that not only ease financial burdens but also empower you to excel in the business world.
Let’s dive right in
7 Best Undergraduates Scholarships for Women in Business in USA
1. Jane M. Klausman Women in Business Scholarship
Overview
The Jane M. Klausman Women in Business Scholarship, administered by Zonta International, is one of the most prestigious awards available for women pursuing undergraduate or master’s degrees in business management.
This scholarship was established in honor of Jane M. Klausman—a trailblazer in overcoming gender barriers in the business world—and it continues her legacy by supporting women who aspire to break through the glass ceiling.
Key Details
- Eligibility: Open to women enrolled in an accredited U.S. college or university who are pursuing a business-related degree (undergraduate and master’s).
- Award Amount: Varies (recent cycles have awarded up to several thousand dollars per recipient).
- Selection Criteria: Academic record, leadership potential, demonstrated interest in a business career, and a compelling essay.
- How to Apply: Complete an online application, submit your academic transcript, letters of recommendation, and an essay outlining your career goals.
Why It’s a Game-Changer
Winning the Klausman Scholarship not only provides crucial financial aid but also connects you with a global network of women leaders.
The prestige of being a Klausman Scholar can open doors to mentorship opportunities, internships, and an enhanced resume that stands out in today’s competitive job market.
2. Melone Hatley 10th Anniversary Women in Business Scholarship
Overview
Celebrating a decade of service, the Melone Hatley 10th Anniversary Women in Business Scholarship is designed specifically for undergraduate students who are in the early stages of their business education.
Offered by Melone Hatley, P.C., this scholarship not only awards substantial funds but also adds a unique bonus—a Tobi store credit that helps you express your personal style while you build your professional brand.
Key Details
- Eligibility: Must be in the first or second year of your undergraduate program and intend to graduate with a business degree.
- Award Amount: Up to $10,000 in scholarship funds plus additional perks like a $200 Tobi store credit.
- Selection Criteria: Academic standing, personal essay that highlights your unique perspectives and leadership qualities, and financial need.
- How to Apply: Fill out the online application, upload a 500-1,000 word essay (with proper citations and a catchy title), and submit the required academic and contact documents.
Why It’s a Smart Investment
This scholarship is not just about the money—it’s about recognizing potential. If you’re just starting your journey in business, winning this award signals to employers and mentors that you are committed and capable. Plus, the added bonus of store credit shows that your personal style matters in an industry where branding is key.
3. Asian Women in Business Scholarship Fund
Overview
The Asian Women in Business Scholarship Fund aims to empower women of Asian or Pacific Islander ancestry by providing financial support to those who have already taken their first steps in college.
While the fund welcomes all undergraduate students, its targeted focus helps boost representation in fields where Asian women are underrepresented.
Key Details
- Eligibility: Open to women of Asian or Pacific Islander descent who have completed at least one semester of undergraduate studies.
- Award Amount: Typically around $2,500 (one-time award).
- Selection Criteria: Academic performance (minimum GPA requirement, often around 3.0), leadership, and professional recommendations.
- How to Apply: Submit an application with your academic transcript, a personal statement, and at least one professional recommendation letter.
Why It’s Impactful
Representation matters. This scholarship not only alleviates financial stress but also encourages a more diverse perspective in business education. Recipients often gain access to exclusive networking events and mentorship programs that can be a launching pad for a successful career.
4. FWA/BMO Capital Markets Scholars Fund at Baruch
Overview
The FWA/BMO Capital Markets Scholars Fund—offered by the Financial Women’s Association (FWA) in partnership with BMO Capital Markets—is geared toward young women attending Baruch College, a renowned institution for business studies.
This fund has a proven track record of empowering students through both mentorship and financial aid.
Key Details
- Eligibility: Open to undergraduate business students participating in the FWA-Baruch mentoring program.
- Award Amount: Full or partial tuition scholarships (award amounts vary).
- Selection Criteria: Academic excellence, leadership potential, and active participation in the FWA mentoring program.
- How to Apply: Applications are typically coordinated through the FWA mentoring program at Baruch College. Check with your school’s financial aid office for detailed application instructions.
Why It’s a Stepping Stone
The combination of personalized mentorship and scholarship funding makes this program a unique opportunity. It not only helps you finance your education but also builds a network of professionals who can provide career guidance long after graduation.
5. ABWA Scholarship for Women in Business
Overview
The American Business Women’s Association (ABWA) Scholarship for Women in Business is designed to support undergraduates who demonstrate a passion for a career in business.
As one of the nation’s largest organizations dedicated to advancing the status of women in business, ABWA offers a variety of scholarships to help alleviate financial burdens while also recognizing leadership and academic excellence.
Key Details
- Eligibility: Open to women pursuing an undergraduate degree in a business-related field.
- Award Amount: Award amounts vary by year and specific program (often several thousand dollars).
- Selection Criteria: Academic record, leadership skills, community involvement, and a personal essay detailing your career aspirations.
- How to Apply: Visit the ABWA official website to review current scholarship offerings and application deadlines. Prepare your application package including transcripts, letters of recommendation, and your personal statement.
Why It’s a Top Pick
ABWA’s scholarship is highly respected in the business community. Winning an ABWA award not only provides financial relief but also connects you with a national network of business leaders and professionals, giving you a significant edge when entering the workforce.
(Note: For the most up-to-date details, be sure to check ABWA’s official website.)
6. NAWBO Scholarship for Women in Business
Overview
The National Association of Women Business Owners (NAWBO) Scholarship targets aspiring women entrepreneurs who are laying the groundwork for their future businesses.
As NAWBO is dedicated to empowering women in business ownership, their scholarship program reflects this commitment by supporting undergraduate students who show entrepreneurial promise.
Key Details
- Eligibility: Open to undergraduate women who plan to pursue or are currently pursuing a degree in business, particularly with an entrepreneurial focus.
- Award Amount: Varies by program; recipients have been awarded several thousand dollars in the past.
- Selection Criteria: Emphasis on entrepreneurial spirit, academic performance, leadership potential, and a clear vision for future business endeavors.
- How to Apply: Applications are typically available through the NAWBO website or through affiliated regional chapters. Ensure you prepare a comprehensive application that highlights your innovative ideas and leadership experiences.
Why It’s a Must-Have
NAWBO’s scholarship is more than just financial aid—it’s a recognition of your potential to become a future business owner.
This award can bolster your resume, open networking doors, and even lead to mentorship opportunities with established women entrepreneurs in your region.
(For further details, visit NAWBO’s official website.)
7. P.E.O. STAR Scholarship
Overview
The P.E.O. STAR Scholarship, offered by the P.E.O. Sisterhood, is one of the largest and most well-known scholarship programs for high school seniors.
While not exclusively for business majors, many recipients choose to pursue business degrees, and the award can be a significant stepping stone toward a successful career in business.
Key Details
- Eligibility: Open to female high school seniors planning to attend an accredited college or university in the USA in the upcoming academic year.
- Award Amount: Award amounts vary, but many recipients receive several thousand dollars to help cover tuition and related expenses.
- Selection Criteria: Based on academic achievement, community service, leadership qualities, and a well-crafted personal essay.
- How to Apply: Visit the P.E.O. Sisterhood website for application details and deadlines. Prepare your application with care—highlight your academic successes, leadership roles, and career aspirations.
Why It’s Worth Considering
Even though the P.E.O. STAR Scholarship is available to high school seniors across all disciplines, its reputation and generous awards have helped countless young women pursue higher education.
For those aspiring to enter the business world, this scholarship can provide the financial foundation needed to kickstart your journey.
How to Make Your Scholarship Applications Stand Out
Now that you know which scholarships to target, here are a few key tips to help you craft a winning application:
1. Start Early and Stay Organized
Begin researching and preparing your materials well in advance of deadlines. Create a checklist for each scholarship to keep track of required documents, transcripts, essays, and recommendation letters.
2. Tailor Your Essays
Your essay is your chance to showcase who you are. Highlight your unique experiences, leadership roles, and career aspirations. Be authentic, concise, and make sure your passion for business shines through.
3. Seek Feedback
Before you submit your application, have teachers, mentors, or peers review your essay. Constructive feedback can help you refine your message and avoid any errors that might detract from your application.
4. Highlight Leadership and Community Involvement
Scholarship committees look for candidates who not only excel academically but also demonstrate leadership and community involvement. Share specific examples of your contributions and how you plan to use your education to make an impact.
5. Follow Instructions Precisely
Carefully adhere to all application guidelines. Missing a requirement or failing to meet a deadline can disqualify you, no matter how strong your overall profile is.
Frequently Asked Questions (FAQ)
Q1: Do I have to be a business major to apply for these scholarships?
A: While some scholarships, such as the Jane M. Klausman and Melone Hatley awards, are specifically for students pursuing business degrees, others like the P.E.O. STAR Scholarship are open to all high school seniors. However, if your goal is to build a career in business, be sure to highlight your passion for the field in your application.
Q2: Can I apply to more than one scholarship?
A: Absolutely. It’s a good idea to apply to multiple scholarships to increase your chances of receiving financial support. Just be sure to tailor each application to the specific requirements of the scholarship.
Q3: How important is the essay in my application?
A: The essay is often the most critical component of your application. It provides the committee with insight into your personality, leadership qualities, and future goals. A well-written essay can set you apart from other applicants.
Q4: What if I don’t meet the minimum GPA requirement?
A: Many scholarships have a minimum GPA requirement, but if you have other strengths—such as leadership experience, community involvement, or a compelling personal story—you may still be a competitive candidate. Always highlight your strengths in your application.
Q5: How do I find out about application deadlines?
A: Scholarship deadlines are typically posted on the organization’s official website. Make sure to bookmark these pages and sign up for email notifications if available. Staying organized with a calendar can also help you keep track of all deadlines.
Q6: Can I reapply if I don’t win a scholarship one year?
A: Yes. Many organizations allow you to reapply in subsequent years. Use any feedback you receive to strengthen your application for the next cycle.
Final Thoughts
Investing time in researching and applying for scholarships can significantly reduce the financial burden of your college education and set you on the path to success in the business world. By focusing on awards tailored for women in business, such as the Jane M. Klausman, Melone Hatley, and Asian Women in Business scholarships, you not only gain financial assistance but also join a supportive community of future business leaders.
Remember, every application is an opportunity to tell your story. Stay organized, be authentic, and showcase your unique strengths. With persistence and careful preparation, you can unlock the financial support you need to pursue your dreams.
Good luck—and here’s to building the next generation of powerful women in business!
