Students

Scholarships to study international business abroad

Apply for one of the scholarships to study international business abroad. Now is the time to achieve your goal!

If you’re thinking about studying abroad and are interested in global trade, you can apply for a scholarship to study international business abroad. These scholarships often cover tuition and may even provide a monthly stipend to help with housing, transportation, and living expenses.

With this degree, you could pursue roles such as consultant, market analyst, or import and export manager at multinational companies. These positions often involve frequent travel, so we recommend Holafly’s monthly plans to ensure a reliable and fast connection wherever you go. You can choose between 25 GB or unlimited data, and there is no need to switch eSIMs.

With Holafly, you can also get unlimited data through an international travel eSIM. Just select your destination and choose the number of days you need, with no SIM swaps and no roaming charges. Ready to get your future scholarship?

In this article

How much does it cost to study international business abroad?

Receiving a scholarship to study international business abroad can take a lot of financial pressure off your shoulders. This field is all about understanding how companies expand globally and how cultural differences shape international operations. Studying at a top institution not only gives you a quality education but also helps you build connections that can boost your career. Next, we will explore some of the countries where you can pursue this program and break down the costs of tuition and living.

Country	Annual tuition	Monthly cost of living
United States	$20,000–$50,000	$1,500–$3,000
United Kingdom	$15,000–$30,000	$1,200–$2,500
Australia	$18,000–$40,000	$1,500–$2,800
Germany	$300–$3,000	$900–$1,500
Spain	$1,000–$3,000	$800–$1,200

Approximate costs for studying international business in other countries

The best scholarships for studying international business abroad

We’ve put together a list of the top scholarships for studying international business abroad so you can review their main requirements and see if they fit your profile. Countries like the United States, the United Kingdom, Germany, and Spain offer scholarship programs for these studies and are home to some of the best universities and business schools in the world. Some scholarships have age limits or require a specific grade point average, so make sure you meet all the eligibility criteria.

1. Fulbright Scholarship United States

The Fulbright program was established in 1946 by U.S. Senator J. William Fulbright and has helped more than 400,000 students study at some of the country’s top universities, including Harvard and Stanford. If you want more details about scholarships in the United States, take a look at our blog: Scholarships to Study in the USA: Requirements and How to Apply. The program’s main goal is to foster international understanding and develop the next generation of global leaders. Do you meet the following eligibility criteria?

General requirements: Applicants need a strong academic record, advanced English proficiency (TOEFL or IELTS), an acceptance letter from a U.S. university, and notable academic or professional experience.
Coverage and benefits: It covers full tuition, housing, transportation, health insurance, and provides a monthly stipend of around $1,500.
Type of studies offered: Master’s and Doctorate degrees.
Aimed at: International students, preferably under 35 years of age.
Application form: You can find more information on the official website (www.fulbrightprogram.org).
Opening date: March.
Closing date: Varies depending on the country of origin, between June and September.

2. Erasmus Mundus Program – Europe

Launched in 2004 by the European Union, this program builds on the traditional Erasmus initiative and offers scholarships for studying international business abroad. It aims to attract students from around the world to European universities like the University of Groningen in the Netherlands or Universidad Carlos III in Madrid. The program encourages cultural exchange while preparing future leaders in the field. If you want to take part, here’s what you need to know:

General requirements: A bachelor’s degree, strong academic record, proficiency in English or another European language, a motivation letter, and recommendation letters.
Coverage and benefits: Covers tuition, health insurance, transportation between European countries, and a monthly stipend of $1,100.
Type of studies offered: Joint master’s degrees.
Aimed at: Students from any country who have completed a university degree, with no age limit.
Application form: Visit the official website (www.eacea.ec.europa.eu)
Opening date: October
Closing date: Between December and February, depending on the program

3. Chevening Scholarship – United Kingdom

In 1983, the UK government created a scholarship program to study international business abroad, specifically in the United Kingdom. More than 50,000 students have benefited from this support, completing their studies at institutions such as the London School of Economics or the University of Manchester. The program aims to strengthen ties between the UK and other countries while identifying and supporting international talent. If you are interested in studying there, keep reading:

General requirements: A strong academic record, at least two years of work experience, advanced English proficiency, and an acceptance letter from a UK university.
Coverage and benefits: Full tuition, medical insurance, transportation, and a monthly stipend of approximately $1,800.
Type of studies offered: Master’s degrees.
Aimed at: International students, preferably between the ages of 22 and 35.
Application form: You can find it on the official website (www.chevening.org).
Opening date: August.
Closing date: November.

4. DAAD – Germany

The German Academic Exchange Service, or DAAD, was set up in 1925 by a group of students and professors to encourage international academic collaboration. Since then, it has helped over two million students study abroad, including at top institutions like Ludwig Maximilian University in Munich and Freie Universität Berlin. Here’s how you can apply for one of their scholarships:

General requirements: A bachelor’s degree, strong academic record, basic knowledge of German or English depending on the program, and a motivation letter.
Coverage and benefits: Tuition, health insurance, transportation, and a monthly stipend of $1,200.
Type of studies offered: Master’s and doctoral degrees.
Target audience: International students, no age restrictions.
Application form: Fill out the form on the website (www.daad.de).
Opening date: June.
Closing date: October.

5. Santander Scholarship – Spain

Another scholarship for studying international business abroad is offered by Banco Santander in Spain, established in 1946. Today, it partners with over 1,000 universities worldwide, including top business schools like ESADE in Barcelona and IE Business School in Madrid. See if you meet all the eligibility requirements:

General requirements: Good academic standing, an acceptance letter from a Spanish university, and proficiency in Spanish or English depending on the program.
Coverage and benefits: Financial support of up to $5,000 for tuition, accommodation, or transportation, plus a monthly stipend of $800.
Type of studies offered: Undergraduate degrees, master’s degrees, and specialization courses.
Aimed at: International students between the ages of 18 and 30.
Application form: Access the official website (www.becas-santander.com)
Opening date: January.
Closing date: May.

International business students with scholarships abroad @shutterstock.

Tips for obtaining scholarships to study international business abroad

Have you figured out which scholarship for studying international business abroad is the right fit for you? Then it’s time to start putting together a standout application. While these awards are competitive, they are within reach. Following our advice will help make your application stronger and more appealing to the selection committee. Here’s what to do next!

Highlight your experience in international trade

To be considered for these scholarships, make sure your resume highlights any experience related to international business. Get involved in foreign trade projects, volunteer with business organizations, or participate in cultural exchanges. Be sure to explain how these experiences have shaped your career and prepared you for this field.

Showcase intercultural skills and language proficiency

Scholarship programs for studying international business abroad value proficiency in multiple languages. Obtain official certifications like TOEFL, IELTS, or DELF, and consider preparing in languages beyond English. If you have experience working abroad or with people from different cultures, highlight your ability to communicate effectively in a multicultural environment.

Important: If you are a frequent traveler and want to stay connected without worrying about expensive roaming or looking for a new SIM at every destination, Holafly’s subscription plans are for you. With a single eSIM, enjoy internet in more than 170 countries for a fixed price and no surprises on your bill. Travel without limits and connect easily and securely! 🚀🌍

Discover international unlimited eSIM

Buy Global eSIM

Tailor your cover letter to the scholarship and the country

Tailoring your letter to the country where you are applying can boost your chances, as selection committees value a genuine interest in studying there. For instance, if you are applying for a scholarship in Germany, mention your curiosity about European trade models and their global impact.

Show interest in solving global trade issues

Use your application to show how you can make an impact on international trade and bring fresh ideas that capture the committee’s attention. Evaluators look for candidates with a strategic mindset who are aware of global challenges such as fair trade, sustainability, and trade barriers.

Take part in networks and events related to international business

Attending conferences, trade fairs, or seminars on international business is a smart move. It shows your commitment to the field and adds weight to your profile. To stay updated on these events, consider joining relevant associations online or in your hometown.

Take advantage of short courses and certifications

Platforms like Coursera, edX, or LinkedIn Learning offer recognized programs you can include in your application. Courses in areas such as international trade, global finance, or marketing can help you stand out from other candidates and show your dedication to continuing learning in this field.

Build a network of contacts in the area

Connect with mentors, professors, or professionals in international business who can speak to your abilities and commitment. A recommendation from someone well-established in the global market can give your application a real boost. Take part in networking events and focus on growing your professional network.

People working in international businesses @pixaby @pexels.

Frequently asked questions about scholarships to study international business abroad

What types of scholarships are available to study international business abroad?

Some scholarships cover full tuition, while others provide partial funding depending on the program. Many also include additional support such as a monthly stipend, health insurance, and transportation.

What should I do if I have no professional experience in international business?

Highlight your education, including university projects, online courses, seminar participation, and any experience that shows your interest in the field. This helps demonstrate your motivation, which can be just as valuable to evaluators as direct experience.

Can I work while studying on a scholarship?

Some countries allow part-time work, while others have stricter limits. That’s why it’s important to check the specific policies of your program and, once you’re studying there, seek guidance from your institution. You might also consider internships to gain experience and strengthen your professional resume.

What is the minimum grade required for scholarships to study international business abroad?

Most programs require a minimum grade of around 7 out of 10, but scholarships like Fulbright or Chevening take the candidate’s full profile into account. Even if you don’t meet the minimum grade, it’s still worth applying to multiple programs, as some spots may remain open and you could have a chance to secure them.

What does a graduate in international business do?

You could work as an international trade manager, consultant, global market analyst, logistics specialist, international marketing manager, or expert in trade regulations and agreements, among other roles. Studying this field opens up a wide range of career opportunities in international business.

Plans that may interest you