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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 and EU students

If you are a prospective Master's student from the UK or EU, there are potential sources of funding available. The UK Government has confirmed that Postgraduate Loans will be offered to UK and EU students starting a master's course in the 2020/21 academic year.

If you are a student from another EU country, you will continue to remain eligible for master's, postgraduate and advanced learner financial support in the 2020/21 academic year and will continue to have access to student loans and grants, even if the course concludes after the UK’s exit from the EU.

Find out more about funding for UK and EU students >>

Manchester Alumni Scholarship Scheme

The Master's Scholarship is offered to students and alumni of The University of Manchester enrolling onto one of the Business School's taught Master's courses in September 2020. To reward academic merit, we give a £3,000 award to those achieving a first class honours degree. The award is deducted from the course tuition fee at registration.

Find out more about the Manchester Alumni Scholarship Scheme >>

Master's degree bursaries

The University’s Manchester Master's Bursary offers 100 bursaries each year for master's students, worth £3,000 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.

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. Applications will open in early 2020 with decisions expected in early May 2020. To find out more please contact Daniel Annoot >> 

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

Prodigy Finance

If you are an international student and have been accepted onto one of our Full-time MSc courses, you can apply for a postgraduate loan with Prodigy Finance.

Find out more about loans from Prodigy Finance >>

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 Accounting and Finance programmes for UK/EU students 2020 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 2020 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 Vietnam residents 2020 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.

Master's scholarships for UK/EU/international students 2020 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.

External awards

Applications for September 2020 are open from October 2019.

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 2020 entry is Tuesday, 8 October 2019, 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.

Scholarships to study in the UK are open until 5 November 2019

Find out more about Chevening Scholarships >>

For students from a developing Commonwealth country.

Find out more about Commonwealth Scholarships >>

Offered by the Foreign and Commonwealth Office (FCO) and HSBC for postgraduate students studying in the UK.

Find out more about HSBC Chevening 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