Each year the School of Business awards scholarships to eligible, deserving applicants who we feel would benefit greatly from a Wake Forest education and contribute significantly to the intellectual and civic life of the campus. Award decisions are based on considerations including academic merit, financial need, and individual award criteria.

Your Next Steps


  1. Submit your admissions application online. Applicants are automatically considered for general scholarship awards.
  2. Review additional individual scholarship awards listed below and complete the brief form to indicate interest and provide any award-specific eligibility requirements. Note: this step can be completed prior to or in conjunction with submission of the admissions application.
  3. Scholarship decisions are made in conjunction with admissions decisions on a rolling basis. Applicants who are awarded a scholarship will be notified at the time of the admissions decision.

Available Scholarships

Arun Rao Scholarship

Award Amount: Up to $8,000
Award Preferences: Students who possess the qualities of leadership, empathy, and commitment to excellence, all of which will enable them to positively influence society. Preference given to international students.

Submit Eligibility Information

Combs Celebrate Freedom Scholarship Fund

Award Preferences: veterans of the U.S. Armed Forces who served in Operation Desert Storm or any subsequent war or military conflict. Secondary preference will be given to children and spouses of U.S. Armed Forces personnel who were killed, wounded, or listed as Missing in Action as a result of Operation Desert Storm or any subsequent war of military conflict.

Submit Eligibility Information

Elster Foundation Business Leaders of the Future MBA Scholarship Fund

Award Requirements: Students with demonstrated financial need who have experienced physical or health adversity.

Submit Eligibility Information

Gay Nell Hutchens Scholarship

Award Amount: Up to $15,000
Award Requirements: Female students who are the primary income earners for their households.
Award Preferences: Students with demonstrated financial need.

Submit Eligibility Information

Glenn Monroe Tucker Scholarship for Travel and Tourism

Award Requirements: Individuals currently employed in the travel and tourism industry who would like to return to school to earn an MBA degree.

Submit Eligibility Information

Hatchell Retail Innovation Scholarship

Award Amount: Up to $25,000
Award Requirements: Employees and children of employees of the Pantry and Alex Lee, Inc. family of companies.
Award Preferences: Students who wish to study retail management and engage in the Center for Retail Innovation at the Wake Forest School of Business. Secondary preference to those with demonstrated financial need.

Submit Eligibility Information

Joel A. Weston, Jr. Scholarship

Award Amount: Up to $15,000
Award Preferences: Students currently employed in not-for-profit organizations.

Submit Eligibility Information

John C. Whitaker Jr. Scholarship Fund

Award Amount: up to full tuition
Award Preferences: Students with demonstrated financial need and those who wish to benefit from a mentorship with the donor, Mr. John C. Whitaker Jr., who served as Chairman of the Board and Chief Executive Officer of Inmar Inc.

Submit Eligibility Information

NewBridge Bank Scholarship

Award Requirements: Students pursuing a career in banking and financial services.

Submit Eligibility Information

Yellow Ribbon Program

Wake Forest University School of Business has partnered with the Yellow Ribbon GI Education Enhancement campaign, which helps veterans and eligible dependents pay the cost of tuition. The School of Business Enrollment Management Center administers the program and funds are available for Wake Forest graduate business programs including MBA, MSA and MA degrees. The Yellow Ribbon campaign is sponsored by the U.S. Department of Veterans Affairs and provides matching scholarship funds to honor military service for those serving post 9/11. Veterans who are 100% eligible and qualify for the Yellow Ribbon program will receive up to $12,850 in matching funds from the University per academic year.

What are the next steps:

  • To take advantage of this program, please verify your Yellow Ribbon Program eligibility with the Department of Veterans Affairs.
  • Complete the Yellow Ribbon application process through the Department of Veteran Affairs.
  • In addition, you will need to complete the online application for the Wake Forest University School of Business.

Military MBA Partnership

As a Military MBA partner school, Wake Forest supports military officers interested in obtaining an MBA degree for career advancement. For more information on Military MBA services, including available scholarships, visit their website.

As a military-friendly school, Wake Forest University prides itself on the success of military students returning to earn graduate business degrees at the School of Business. MBA graduates with prior military service are highly recruited and typically receive multiple job offers with strong compensation packages. The Dean of Business, Executive Director of the Evening MBA program and numerous faculty members are military veterans who understand the unique value added by students who possess military experience. Our Military Student Association also provides support to MBA students and spouses making the transition to Wake Forest.

For more information on making the transition from the military to pursuing a graduate degree in business, contact Kevin Bender, Executive Director and Lieutenant Colonel US Army Reserve, at 336.758.3091 or benderkc@wfu.edu.

Student Stories

Maria Burke

Choosing the Evening MBA program enabled Maria to advance her career without interruption, and receiving a scholarship helped solidify her decision. As a new employee at Hanesbrands Inc., she has found a large alumni network at her company, and credits her program for helping her grow and excel in her new position.