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Scholarships and Funding for Master's Degrees

Discover the Master's funding opportunities available to you

If you're looking for Master's degree funding, you should research your options as soon as possible. There is a range of support available with the postgraduate loan, bursaries and scholarships.

Funding Opportunities for Master's Degrees

There are a number of Master's funding options for our courses and these will vary depending on whether you’re a student from the UK, EU or an international student from outside the EU.

Please note: only one scholarship award can be allocated per student. If you receive an external scholarship award or postgraduate loan which only covers part of your tuition fee, you can still be considered for an Alliance MBS scholarship.

Master's student loan for UK students

If you are a prospective Master's student from the UK there are potential sources of funding available. The UK Government has confirmed that Postgraduate Loans will be offered to UK students starting a master's course in the 2021/22 academic year.

Read more about funding for UK students >>

Manchester Alumni Scholarship Scheme

The Master's Scholarship is offered to students and alumni of The University of Manchester enrolling on one of the Business School's taught master's courses in September 2022.

Read more about the Manchester Alumni Scholarship Scheme >>

Master's degree bursaries

The University’s Manchester Master's Bursary offers 75 bursaries each year for master's students, worth £4,000 in funding. The bursaries are aimed at widening access to master's courses by removing barriers to postgraduate education for students from underrepresented groups, so applicants need to meet a number of criteria to be eligible. Last year, there were more eligible applications than places, so meeting the criteria is no guarantee of an award. If you are eligible for this funding you are not required to pay the application fee, although you must submit evidence with your application.

Find out more about the Manchester Master's Bursary Scheme >>

North American Foundation Awards for Postgraduate Study at the University of Manchester (NAFUM) Master's Scholarship

For applicants from the USA, there are scholarships of up to $7,500 available as a contribution towards tuition fees. This award can be held alongside other awards. The scholarship process will open in Spring 2022 with decisions expected around mid-May 2022. To find out more please contact Daniel Annoot >> 

Find out more about the NAFUM Master's scholarship >>

BAföG funding

German applicants can apply for BAföG funding in the form of a grant, subsidy, state or bank loan.

Find out more about BAföG funding here >>

Master's scholarships for UK/EU/international students 2021 entry

We have a number of partial scholarships across all of our courses. 

All UK/EU/international applicants with an offer of a place to study on one of the School’s Master's courses are eligible.

There is no scholarship application process. If you are eligible you will be automatically considered.

Decisions are made on merit rather than financial need. Scholarships are awarded if you:

  • Are able to demonstrate excellent academic performance
  • Are on track to obtain, or have graduated with a minimum high 2.1 or 1st UK undergraduate degree or overseas equivalent
  • Have previously studies at a University with a strong academic reputation and ranking
  • Have the potential to contribute and enrich all aspects of the Master's programme and the diverse academic and cultural profile of the Master's class.

Scholarships are awarded within the selection stage and will be announced on or before the decision deadline date. Awards are subject to availability and may not be available in the later stages. Please note that we will only contact you if you have been successfully selected to receive a scholarship.

Sport Scholarships

Developed to meet the needs of students balancing studying a degree with achieving their aspirations to continue moving up their sporting pathway.

  • Up to £1500 towards training or competition expense
  • Annual gym pass for Armitage Sports Centre or Sugden
  • Athletic Union club membership
  • 1–2–1 sessions with our expert Strength and Conditioning Coaches
  • Physiotherapy from our full-time University / TASS Physiotherapist
  • Mentoring / Lifestyle support
  • Sports scholarship kit
  • Access to workshops
  • Promotion of your success
  • Opportunity to be an ambassador for your sport
  • A University of Manchester full-time/part-time undergraduate/postgraduate student OR a prospective student who has received a conditional/unconditional offer and is commencing study in that same year.
  • Competing at a minimum of Junior National level on a recognised player pathway for your sport (which must be a Talent-funded Sport England/UK Sport recognised sport, or equivalent for Overseas applications).
  • Be contracted to a club in a semi/full level professional league or competition at a national/international level
  • An ambassador for your sport with a commitment to supporting the development and performance of the relevant University Sports Club for your sport (in an agreed capacity)
  • Able to demonstrate a commitment to striving for personal excellence which needs to be defined in this application.
  • Able to demonstrate Specific, Measurable, Achievable, Realistic and Time-bound (SMART) sporting and educational goals which need to be defined in your application.

New applications for 2020-21 are reviewed at the start of each month. Applicants will receive a response from the Performance Sport Officer shortly afterwards.

Master's scholarships for Accounting and Finance programmes for UK/EU students 2021 entry

We are offering five scholarships across the four Accounting and Finance courses with a value of £10,000 towards the cost of the tuition fee.  The scholarships will be awarded in line with our scholarship deadlines so early application is advisable.

All UK/EU applicants who hold an offer of a place to study on one of the following courses:

  • MSc Accounting
  • MSc Accounting and Finance
  • MSc Finance
  • MSc Quantitative Finance

All applicants who hold an offer will automatically be considered for a scholarship. There is no scholarship application process.

Decisions are made on merit rather than financial need. Scholarships are awarded if you:

  • Are able to demonstrate excellent academic performance
  • Are on track to obtain, or who have graduated with a 2:1 or 1st UK undergraduate degree or overseas equivalent
  • Have previously studied at a University with a strong academic reputation and ranking
  • Have the potential to contribute and enrich all aspects of the Master's programme and the diverse academic and cultural profile of the Master's class.

Scholarships are awarded within the selection stage and will be announced on or before the decision deadline date. Awards are subject to availability and may not be available in the later stages. Please note that we will only contact you if you have been successfully selected to receive a scholarship.

Master's scholarships for US residents 2021 entry

Five scholarships are available across all our Master's courses, with a value of £10,000 towards the tuition fee. The scholarships will be awarded in line with our application deadlines so early application is advisable.

You are eligible if you are a US resident with an offer to study on one of our Master's programmes.

There is no scholarship application process. If you are eligible you will be automatically considered.

Decisions are made on merit rather than financial need. Scholarships are awarded if you:

  • Are able to demonstrate excellent academic performance
  • Are on track to obtain, or who have graduated with, a minimum high 2.1 or 1st UK undergraduate degree or overseas equivalent.
  • Have previously studied at a University with a strong academic reputation and ranking.
  • Have the potential to contribute and enrich all aspects of the Master's programme and the diverse academic and cultural profile of the Master's class

Scholarships are awarded within the selection stage and will be announced on or before the decision deadline date. Awards are subject to availability and may not be available in the later stages. Please note that we will only contact you if you have been successfully selected to receive a scholarship.

Master's scholarships for Indian residents 2021

The University of Manchester India scholarship is available across all our Master's courses, with a value of £7,500 towards the tuition fee. The scholarship will be awarded to one applicant in line with our application deadlines so early application is advisable.

You are eligible if you are an Indian resident and have received an offer to study on one of our Master's courses by 30 April 2021.

There is no scholarship application process. If you are eligible you will be automatically considered.

Decisions are made based on merit rather than financial need. The scholarship is awarded if you:

  • Are able to demonstrate excellent academic performance
  • Are on track to obtain, or who have graduated with, a minimum high 2.1 or 1st UK undergraduate degree or overseas equivalent.
  • Have previously studied at a University with a strong academic reputation and ranking.
  • Have the potential to contribute and enrich all aspects of the Master's course and the diverse academic and cultural profile of the Master's class

Scholarship allocation will be made by 17 May 2021 and successful applicants will be notified on this date. Selected candidates will be required to firmly accept their offer of a place by 31 May 2021 in order to confirm their scholarship.

Master's scholarships for Vietnam residents 2021 entry

Two scholarships are available across all our Master's courses, with a value of £10,000 towards the tuition fee. The scholarships will be awarded in line with our application deadlines so early application is advisable.

You are eligible if you are a Vietnam resident with an offer to study on one of our Master's programmes.

There is no scholarship application process. If you are eligible you will be automatically considered.

Decisions are made on merit rather than financial need. Scholarships are awarded if you:

  • Are able to demonstrate excellent academic performance
  • Are on track to obtain, or who have graduated with, a minimum high 2.1 or 1st UK undergraduate degree or overseas equivalent
  • Have previously studied at a University with a strong academic reputation and ranking.
  • Have the potential to contribute and enrich all aspects of the Master's programme and the diverse academic and cultural profile of the Master's class

Scholarships are awarded within the selection stage and will be announced on or before the decision deadline date. Awards are subject to availability and may not be available in the later stages. Please note that we will only contact you if you have been successfully selected to receive a scholarship.

External awards

Applications for September 2022 are open from October 2021.

If you receive an external scholarship award or postgraduate loan which only covers part of your tuition fee, you will still be considered for an Alliance MBS scholarship.

For applicants from the USA only and includes tuition and living expenses. The application deadline for 2021 entry is Tuesday, 13 October 2020, 5.00 pm Eastern Time.

Find out more about Fulbright Scholarships >>

For high calibre international students with the personal intellect and interpersonal qualities needed for leadership.

Applications are open until 2 November 2021.

Find out more about Chevening Scholarships >>

For students from a developing Commonwealth country.

Find out more about Commonwealth Scholarships >>

German applicants can apply for a DAAD scholarship.

Find out more about the DAAD scholarship >>

Further funding information

The University website has further advice on funding for Master's courses >>

Read more about our business Master's degree courses >>

Masters Degree Courses - Take the next steps