Scholarships Available for Grad School

A graduate degree brings opportunity for high-level positions and increased salary, but the immediate cost can be a financial burden. Saunders College of Business seeks to alleviate these costs for its students. Here are our scholarships to cut the cost of your degree!

4+1 Partner Scholarship

Undergraduate students at Saunders and its partner schools have the opportunity to earn their Masters of Business Administration (MBA) in one year thanks to the 4+1 program. In addition to saving time, the program offers a minimum 20% scholarship for all students who meet MBA admissions requirements. One accepted student from each partner school will receive a 40% scholarship. Scholarship consideration takes place alongside admissions decisions.

Check if your college is a partner school

Apply by April 30 for 40% Scholarship Consideration .

Saunders Leadership Fellows Scholarship 

The Saunders Leadership Fellows offers cohort-based learning and connections with business leaders as mentors. All applicants to the MBA, MS in Management, MBA in Accounting, and MS in Accounting programs are eligible to apply for the Saunders Leadership Fellows Program. Along with an opportunity for networking and growth accomplished with the guidance of knowledgeable faculty, all Leadership Fellows members will receive a guaranteed 50% scholarship.

Apply by May 10 for Scholarship Consideration.

RIT Honors Student Scholarship

Honors students can now receive a 50% scholarship and apply for a GMAT/GRE waiver when accepted into Saunders College of business.

Contact or attend a Graduate Information Session to learn more.

Next Graduate Info Session: May 7

Saunders Admissions Scholarships

Saunders offers scholarships alongside your admissions decision. After review of your application materials, an award is determined. A limited number of accepted students receive the awards based on the order in which applications are received, so applicants are encouraged to complete their application materials as early as possible.

Start Your Application

Merit Scholarships

High-achieving students with a minimum 3.70 GPA and nine credits from RIT are eligible to apply for Merit Awards. Scholarship amounts vary.

Next Deadline February 15, 2021, applications begin in summer.

COVID-19 Response

In response to the closure of standardized testing centers, Saunders College of Business at Rochester Institute of Technology (RIT) is accepting applications for the Fall 2020 term without standardized tests; GMAT/GRE. Applicants will be reviewed with the information submitted and may be requested to provide additional information or an online interview. If Test of English as a Foreign Language (TOEFL) and/or International English Language Testing System (IELTS) are not available for international applicants, RIT will accept the Duolingo English test for 2020 applications. Students admitted with Duolingo scores will take an additional English test at RIT.

Questions about spring 2020 grades can be directed to Matthew Cornwell (

Talk with your dedicated financial advisor for help navigating your financial aid options, and visit the Graduate Admissions page for more financial aid and scholarship information.

Recommended News