Partial Funding Global MBA Scholarship Opportunity for International Students at Yonsei University , South Korea 2024

Written by catherine.caoile on April 3, 2023

4 min read

unplash-street in Seoul South Korea

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Scholarship details

  • Area of study

    Business and Management
  • Country of the Scholarship

    Korea, South
  • Scholarship Valid Until (Year)

  • Type of scholarship

    Master's scholarship
  • Scholarship amount given

    > 12000
  • Type of scholarship administrator

  • Mode of scholarship (Online/Offline)

  • Applier's country

  • Expenses covered

    Tuition fees
  • Scholarship Contact Details

    • Email : [email protected]
    • Website : Http://
    • Phone : (82) 2-2123-3254 / Fax : (82) 2-2123-8639
    • Skype : Yonseiglobalmba
    • Facebook : Http://
    • Instagram: @yonsei_gmba
    • Address: Yonsei MBA Office, Yonsei School Of Business (#406), 50 Yonsei-ro, Seodaemun-gu, Seoul, Korea, 03722

Getting an MBA degree requires extensive responsibility for assets. Notwithstanding, Yonsei Global MBA Program gives scholarship choices to each student, regardless of their identity. The scholarship determination process considers the candidate’s accomplishments and financial prerequisites.

For 2023-2024, Yonsei University offers scholarships for international students who wish to fulfill their MBA degrees in South Korea. The MBA degree offered by the university is intended for a full-time student who will be exposed to a global experience with the collaboration of international teams on different projects. The university aims to add more skills and knowledge to international students and be prepared them for their professional and personal goals.

As an international student, pursuing your higher education in South Korea can be an extraordinary and remunerating experience. The nation has a rich culture and history, and its cutting-edge urban communities are loaded with energy and opportunities. Yonsei University has an assorted student body with numerous international students, allowing meet individuals from everywhere in the world and experience various societies.

Global MBA Overview

The Yonsei Global MBA was ranked 52 all over the world by the Times Higher Education in 2018, the Yonsei MBA became the first and only MBA degree program in South Korea and won the rankings in 2018.

The program length will be a maximum of 18 months with a class hours average of 4 to 6 per week. Class format will be all thought in the English language with collaboration from a team project, presentations, and business cases.

Scholarship Provider: Yonsei University 

About the Provider 

Yonsei School of Business (YSB) has accomplished surprising development for the beyond 100 years since it was laid out in an extended time of 1915. Its education and research of current business organizations in Korea added to the nation’s modernization, industrialization, and democratization. Focused on its three fundamental beliefs: Integrity, Trustworthiness, and Global Point of view, YSB has been endeavoring to turn into an elite educational and research organization. Furthermore, through outstanding education and pioneer research, YSB has encouraged inventive and moral leaders with global viewpoints.

In the 2023 Business and Economics aspects rankings declared by The Times Higher education, YSB positioned first in Korea and 44th worldwide. In the 2023 QS Rankings, Global MBA positioned first in Korea with a positioning of 121-130. To wrap things up, in FT (Financial Times), Leader MBA positioned first in Korea and 29th globally.

Yonsei University is a private research university situated in Seoul, South Korea. Established in 1885, it is one of the most seasoned and renowned colleges in the country. The university has a large number of undergrad and graduate projects in different fields like business, engineering, sociologies, humanities, and sciences. Yonsei University offers support administrations to assist international students with acclimating to campus life, including language classes, academic advice, and development.

Scholarship Summary 

  • Applicant’s Nationality: International
  • Degree Level: Master’s Degree
  • Fields: Business Management
  • University: Yonsei University
  • Scholarship Country: South Korea
  • Scholarship Awards: Partial-funding
  • Number of Awards: NA
  • Duration: 18 months
  • Renewable: Yes
  • Offered Annually: Yes

Scholarship Eligibility

Before proceeding with the application, interested students must meet the eligibility criteria of the scholarship program.

  • All international students are eligible to apply for the scholarship.
  • International students must meet the admission criteria of the university.
  • Must have good communication skills in oral and written English.
  • The applicants must be holding a bachelor’s degree
  • Must be able to demonstrate their academic merits
  • Must have the potential to add value to the diversity of the degree program.
  • Must be able to demonstrate their financial need.

Admission Process

  • Application assessments, the applicants will be evaluated based on their academic records, work experience, recommendations, and English proficiency scores.
  • Interview with the admission committee, After the initial interview of all applications and supporting materials, the successful applicants will be chosen for interviews. Candidates will be advised of the meetings using email.
  • All admission results will be notified via email.

Application Process

Scholarship application forms can be downloaded from an online portal provided by the university. As part of the application process, the candidates are required to submit additional requirements to support their admission and scholarship application.

Required Materials 

  • Global MBA Scholarship Application Form
  • Global MBA Recommendation Letter
  • Copy of Bachelors degree
  • Certificates
  • Essay
  • English language Score
  • Proof of financial needs
  • Academic merits
  • Transcript of records
  • Passport copy
  • Visa copy

English Language Requirements 

International students must submit an English Language Proficiency Test score with the following minimum requirements:

  • TOEFL iBT score of 91
  • TOEIC score of 800
  • IELTS score of 6.0

Scholarship Awards

The scholarship amount for successful students will be depending on their competitiveness. Keep in mind that the applicants who are qualified and who have the most opportunities will be receiving the scholarship awards.

All scholarships will be awarded after the admission committee evaluates all applications. A stipend will also be awarded to the successful students.

Scholarship Regulations

  • The scholarship can be renewed every semester and will be based on the students meeting the required criteria for renewal.
  • The scholars must meet the required GPA of 3.5 to 4.3 to maintain the scholarship awards during the MBA program to continue receiving the scholarship and the stipend awards.
  • The scholars are required to work for 10 hours per week as an assistant to the MBA program of the university.
  • The grantees for the stipend awards must work for an additional 5 hours per week.

Scholarship Application Deadline 

The deadline to complete and submit the application is until May 3, 023. Late and incomplete applications will not be considered for admission evaluation and will be automatically rejected.

International students are encouraged to apply as early as possible to complete all the materials and be evaluated early.

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