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.
  • Scholarships are applied on a prorated percentage basis each semester as follows – 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. 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 an additional 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. Additionally, Fellows will work as graduate business consultants for a local business or nonprofit as part of their curriculum.


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 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: John White, Executive Director, Enrollment Management
Phone: 336-758-5084, Email: whitejg@wfu.edu

Corporate Fellowships

The School of Business at Wake Forest University is committed to building a diverse student body. The Corporate Fellowship program was developed to advance this goal for our MS in Management program in an effort to reward high-achieving students from underrepresented groups. Fellows receive a fully funded master’s experience plus a stipend to be used toward living expenses. They will also receive mentorship from Corporate Fellow alumni.

The Corporate Fellowship program has a proud tradition of excellence; more than 70 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 (UTC), Wells Fargo, Bank of America, TIAA, Walmart, PepsiCo, Hanesbrands, ExxonMobil, Johnson & Johnson, and Capital One.

Corporate Fellowship 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 Corporate Fellows possess include:

To be considered for a Corporate Fellowship, candidates must meet the following criteria:

  1. Completed application for admission to the MS in Management program
  2. Earned or are pursuing a bachelor’s degree from an accredited college or university
  3. Majored in a liberal arts, sciences or engineering discipline (Business minors are eligible; business, finance and accounting majors are not eligible.)
  4. Limited post-graduate work experience, typically less than two years; the committee will review applicants on a case-by-case basis. For exceptions to the work experience requirement please contact Ashley Jones at ajones@wfu.edu.
  5. Candidates must be a U.S. Citizen or U.S. Permanent Resident from one of the following underrepresented groups: African American, Native American or Hispanic.

Printable Corporate Fellowship Program Brochure

Apply to be a Corporate Fellow

Use the link below before March 1 to apply to be considered for a Corporate Fellowship this year.  The application form, which consists of some basic contact information and an essay prompt, will be available from November 2 until March 1.  Selection of Corporate Fellow recipients will take place during two separate rounds in mid to late January and in mid March.

For more information, contact Ashley Jones, Assistant Director, Enrollment Management
Phone: 336-758-7249; Email: ajones@wfu.edu.

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 Scholarship Glenn Monroe Tucker Scholarship for Travel and Tourism Lisbeth C. Evans and James T. Lambie Scholarship
 Arun Rao Scholarship Hatchell Retail Innovation Scholarship M.C. Benton, Jr. Scholarship
 Bern Beatty Scholarship Heineken USA, Inc. Scholarship Mary Elizabeth Barrow Scholarship
 Bobby S. Robinson Scholarship J. Houston Butler Scholarship Mary Reynolds Babcock Foundation Scholarships
 Bowman Family Scholarship James C. Carlisle Scholarship Medlin Masters in Management Scholarship
 Brandt Scholarship James W. Johnston Scholarship Michelle Bettin Scholarship
 Combs Celebrate Freedom Scholarship Jean Hopson Scholarship NC Treasury Management Association Scholarship
 Cooper D. Cass Scholarship Joel A. Weston, Jr. Scholarship NewBridge Bank Scholarship
 Dale and Karen Sisel Scholarship John C. Whitaker Jr. Scholarship Salzman-Medica Foundation Scholarship
 Dingledine Scholarship for Positive Social Impact Judson Davie DeRamus Scholarship Scarritt Family Pro Humanitate Endowed Excellence Fund
 Dupree Scholarship Kelly Family Scholarship Susan M. Ivey Scholarship
 Elster Foundation Business Leaders of the Future MBA Scholarship Ken Thompson Scholarship Wachovia Scholarship
 Ferguson Family Scholarship Kim and Dorothy Westmoreland Scholarship Wake Forest MBA Alumni Scholarship
 Gay Nell Hutchens Scholarship Lee Garber Memorial JD/MBA Scholarship Warren Stephens Honor Scholarship
 Glenn Monroe Tucker Management Scholarship Leon and Betty Wahrhaftig Scholarship Wells Fargo Scholars Program

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 MSM 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 (or dependents) who are 100% eligible and qualify for the Yellow Ribbon program will receive up to $15,500 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.

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.