MSM Scholarships

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.

Important Facts

  • All program applications received by the scholarship deadline are automatically considered for general scholarship awards.
  • Candidates who apply after the scholarship deadline will be considered as funds are available.
  • 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.
  • Total scholarships are applied across the program according to the following schedule – summer: 12.5%, fall: 43.75%, spring: 43.75%.

Available Scholarships

The Masters in Management program offers several types of scholarships, including endowed awards and other scholarship awards offered on a competitive basis. All scholarships will be based on information collected through the admissions application. No separate scholarship application is required (except for Corporate Fellows program). Other external scholarship opportunities are listed below and candidates should contact those participating organizations for additional information.

Peace Corps’ Paul D. Coverdell Fellows Program

The Paul D. Coverdell Fellows program at the Wake Forest School of Business offers Returned Peace Corps Volunteers (RPCVs) the chance to gain valuable business experience through our Masters in Management program. The Coverdell Fellows program annually awards 50 percent tuition scholarships to two RPCVs of high merit, and will consider a full tuition scholarship for an RPCV of extraordinary merit. Consideration for other scholarships will be given to additional RPCV candidates based on the strength of their applications.

Peace Corps volunteers return with outstanding project management and adaptability skills. When you combine these skills with the technical business acumen, professional development and hands-on learning opportunities that you’ll gain in the program, you’ll be a strong candidate for rewarding jobs in the business, nonprofit and government sectors. As a Masters in Management student, Coverdell Fellows will participate in a 144-hour internship with a local nonprofit organization working to address the needs of our community.


To apply as an RPCV for the Coverdell Fellows program at Wake Forest, you must have completed your undergraduate degree no more than four years prior to the April 1 application deadline and you must have limited or no significant work experience outside your service in the Peace Corps.

How to Apply:

  1. Apply online through the general Masters in Management program application.
  2. Apply by April 1 to be considered for the Coverdell Fellows program. Other applications will be accepted on a rolling basis.
  3. Indicate in your application optional essay that you would like to be considered for the Coverdell Fellows program.

The $100 application fee is waived for RPCVs.
For more information, contact: Eric Haddleton, Assistant Director, Enrollment Management
Phone: 336-936-5695, Email:

Inclusive Excellence Scholarships

The School of Business is strongly committed to building a diverse student body. The Inclusive Excellence Scholarship program was developed to reward high-achieving students who have championed efforts to increase diversity, equity, and inclusion. This award is much more than a scholarship. It’s about making connections between people and interests, between textbook knowledge and real-world experience.

The Inclusive Excellence Scholarship program has a proud tradition of excellence; more than 84 students have been awarded a Corporate Fellowship since the scholarship program was started in 2008. Recipients of the Corporate Fellowship have launched careers with companies like American Express, Cigna, Deloitte, Apple, Steelcase, United Technologies, Bank of America, TIAA, Walmart, PepsiCo, Hanesbrands, ExxonMobil, Johnson & Johnson, and Capital One.

Inclusive Excellence Scholarship candidates should possess a drive to excel inside and outside the classroom. Candidates should also value the combination of their liberal arts, science, or engineering majors with new business skills to help separate themselves against the competition in today’s marketplace.

Applicants who exhibit strong leadership potential, academic excellence and a commitment to the respective communities they occupy will advance in the review process.

Some of the key attributes that Inclusive Excellence Scholars possess include:

To be considered, candidates must meet the following criteria:

  1. Must complete an application and meet the standards for admission to the Wake Forest MSM Program.
  2. Currently enrolled in, or a recent graduate of, an accredited college or university in the United States.
  3. Majored in the liberal arts, sciences, or engineering disciplines. Business or business-related majors are not eligible; business minors are eligible.
  4. Must be a U.S. citizen or permanent resident.
  5. Recipients must matriculate to the 10-month Wake Forest Masters of Science in Management program that runs between July and May annually and maintain a minimum GPA of 3.0 while in the program.
  6. In the spirit of supporting a diverse student population, applicants shall demonstrate a knowledge and appreciation for challenges faced by members of underrepresented groups. In evaluating each student’s application, a student’s personal statement, academic work, campus activities, and community service related to diversity, equity, and inclusion issues will be considered. All qualified applicants will be considered without regard to race, ethnicity, national origin, gender, or other status prohibited or disfavored by law.

Printable Inclusive Excellence Scholarship Program Overview

Apply to be an Inclusive Excellence Scholar

Apply by May 15 to be considered for an Inclusive Excellence Scholarship this year.  The application form, which consists of some basic contact information and an essay prompt, will be available from November 2 until May 15.  Selection of Inclusive Excellence Scholarship recipients will take place during several rounds up to the final deadline.

For more information, contact John White, Executive Director, Enrollment Management Recruiting
Phone: 336-655-7058; Email:

Endowed Scholarship Awards

The Wake Forest School of Business is fortunate to receive strong financial support from alumni and other benefactors who fund a number of endowed scholarship awards. This ongoing support is critical to our ability to assist exceptional students with the financial means to pursue a graduate business education. The list below recognizes the various scholarship funds and the generosity of our donors who support the School of Business and its students.

Alm Family ScholarshipJean Hopson ScholarshipMerlo Family Scholarship
Bern Beatty ScholarshipJohn Kevin Medica and Megan Salzman Medica ScholarshipPrentis-Kelly Scholarship Fund
Bowman Family ScholarshipJurgens-Dupree ScholarshipScarritt-Kelly Family Pro Humanitate Endowed Excellence Fund
Caron-Wiseman ScholarshipKelly Family Scholarship FundSchool of Business Inclusion Fund
Cigna Scholarships FundLeon and Betty Wahrhaftig ScholarshipSears-Dupree Scholarship
Combs Celebrate Freedom Scholarship FundLisbeth C. Evans and James T. Lambie-Wiseman Scholarship FundSimonetti-Dupree Scholarship
Dingledine Scholarship for Positive Social ImpactLyons-Kelly ScholarshipSteve S. Reinemund Scholarship
Frisby Business ScholarshipMarr-Wiseman Graduate Business ScholarshipThe Flow Scholars Program
Griggs-Wiseman ScholarshipMary Reynolds Babcock Foundation ScholarshipsWachovia Scholarship
Gunckel-Wiseman ScholarshipMarybeth and Rick Hays – Wiseman ScholarshipWells Fargo Scholars Program
Hatchell Retail Innovation ScholarshipMarybeth Torbet Hays ScholarshipWiseman Scholarship
Havells Scholarship ProgramMedlin Masters in Management Scholarship

Other External Scholarships

Below is a limited list of external scholarship opportunities available through third parties. These links are provided for your convenience, but the School of Business does not administer, endorse or provide guidance on the application processes, nor is involved in the review and selection process. There are numerous free financial aid scholarship searches available, so use discernment and be cautious of companies that charge a fee for their services. We also encourage candidates to research relevant professional organizations, religious affiliations, and community groups for availability. The following organizations offer free scholarship search tools for students.