The Economist Launches A $25,000 MBA Scholarship Contest

The high costs of management education may prove to be a deterrent for many MBA aspirants and scholarships are a good option for funding your studies. 

The Economist GMAT Tutor has announced its Brightest Minds MBA Scholarship Competition in which the winner will receive a $25,000 scholarship for study in any of the participating business schools.

The contest is open to anyone who is considering pursuing an MBA or EMBA. The application deadline is November 30.  The winner will be announced by January 4, 2019.

The winner may use their $25,000 scholarship towards tuition fee at any of the partnering business schools.

The B-schools are the University of Virginia Darden School of Business; The Johnson Graduate School of Management at Cornell University; International Business School; University of Liverpool Management School; Schulich School of Business; Alliance Manchester Business School; Rotterdam School of Management, Erasmus University; SDA Bocconi School of Management; Amsterdam Business School, University of Amsterdam; Lee Shau Kee School of Business and Administration; Birmingham Business School.

Eligibility Criteria

The contest is open only to university graduates who are age 18 or over and not enrolled in or accepted by an MBA program.

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The winner may be asked to provide proof of date of birth, identification and educational qualifications. By participating in this Contest, each entrant agrees to be bound by these Official Rules.

The Sponsor has the right to exclude entries that may violate or be inconsistent with applicable laws, rules, regulations or policies, any such exclusion as determined by Sponsor in its sole discretion.

Contest Details

The Contest is open from September 15 to November 30. Entrants must complete the simulation test and click to submit their scores via the website to Sponsor no later than 11:59 PM EST on November 30 to be considered. Sponsor is not responsible for unsuccessful attempts to enter.

To be eligible for the drawing, entries must be received and recorded by Sponsor during the Promotion Period.

How to Enter

Each entrant must complete the full-length (2.5-hour) Economist GMAT simulation test. You may sign up for and take the test only once. Any attempt by any person to obtain more than one entry via any method will void all of that person’s entries and that person will be disqualified.

Any use of robotic, automatic, macro, programmed or like entry methods will be disqualified. All entries become the property of Sponsor.

The AWA consists of one 30-minute essay: Analysis of an Argument. The essay must be written in English. The topic and more information regarding the essay and requirements will be announced at the time of the tie-breaker.

5 Minute GMAT Score Predictor

Entries that are obtained through unauthorized sources are void. As on the actual GMAT, the only aid an entrant may use on the test in this competition is an erasable notepad and a marker.

Entrants must complete the test alone without the aid of any other person(s). They must complete the test in the allotted time and may utilise optional breaks officially provided during the test.

Once begun, the test may not be paused for any other reason. Incomplete tests will not be considered. Entrants must be willing to attend one of the sponsor business schools in either 2018 or 2019.

The winner will be the entrant with the highest simulation test score. If two or more entrants tie for the highest score, they will be contacted by email and asked to submit an essay in the form of an Analytical Writing Assessment (AWA) modelled after a typical AWA question one would encounter on the GMAT.

Each tying entrant must submit his/her essay by the deadline to be provided by The Economist. The essay will be in the same format as on the GMAT.

The AWA consists of one 30-minute essay: Analysis of an Argument. The essay must be written in English. The topic and more information regarding the essay and requirements will be announced at the time of the tie-breaker.

Specific knowledge of the essay topic is not necessary; only the participant’s capacity to write analytically will be assessed.

The winners will be notified no later than January 15, 2019 and will be granted a period of one year to apply to his/her sponsor school of choice.

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To receive the grand prize of USD $25,000 tuition scholarship, the winner must apply to and be accepted at one of the business schools sponsoring this contest. He or she must meet the other requirements and application process as set forth by the sponsor business school to be granted the scholarship.

If the winner does not meet the other requirements for admission into his/her sponsor school choice or does not apply within one year of being notified about his/her win, the scholarship will not be granted.

The scholarship is directly transferred to the business school and may not be used for any purpose other than a tuition scholarship. It cannot be transferred by the winner to another person.

Additionally, five contest entrants will randomly be selected to receive a participation prize of a $25 Amazon gift card. The odds of winning depend on the number of entrants, the test scores of all entrants and essays submitted in the event of a tie.

Economist GMAT Tutor is an online GMAT prep course offered by The Economist Group. The online program guides students through the academic topics and test-taking skills that they will need to master the test.(Image Source:maxpixel.com)