Akhtarali H. Tobaccowala Fellowship

Akhtarali H. Tobaccowala Fellowship is a highly regarded scholarship program designed for Indian students interested in pursuing an MBA in Business Management at the Chicago Booth School of Business. It is recognised as a prestigious business scholarship fund. Interested applicants can submit their application by the deadline, which may vary. This scholarship, offered by The Tobaccowala Foundation, provides partial funding of $25,000 to two selected recipients from India. This scholarship not only benefits the selected students but also helps the University of Chicago achieve its goal of attracting top talents from India.

Requirements for the Akhtarali H. Tobaccowala Fellowship

To secure a scholarship for studying in the USA, you must apply for it separately and furnish the following documents:

  • Letter of recommendation.
  • Letter of motivation.
  • Financial statements or proof of low income (for income-based scholarships).
  • Acceptance letter.
  • Proof of any achievements you have.
  • A good academic record in your 12th standard is preferred, with candidates who have better scores receiving priority. Participation in extracurricular activities and volunteering experiences can enhance your chances of receiving a scholarship. Universities seek candidates who can add value to their institution.
  • English language proficiency test scores, from any one of the following
  • PTE
  • Duolingo English test

Eligibility Criteria for the Akhtarali H. Tobaccowala Fellowship

The eligibility criteria for the scholarship, are as follows: 

  • To be eligible for the fellowship, candidates must be citizens of India and hold an undergraduate degree from an accredited institution in India. Additionally, they must possess exceptional academic achievements, leadership potential, and a commitment to community service.
  • Applicants must have secured admission to the full-time MBA program at the Booth School of Business in Chicago
  • While all students may apply, preference may be given to those who have demonstrated academic excellence and possess relevant professional experience.
  • To be considered for the Akhtarali H. Tobaccowala Fellowship, students must pass a series of interviews and demonstrate a clear and compelling vision for their future career goals. If you meet these requirements, you are eligible to apply for this prestigious scholarship opportunity.

Application Process for the Akhtarali H. Tobaccowala Fellowship

To apply for a scholarship, follow these steps:

  • Check if you are eligible
  • Gather the necessary documents required for the application.
  • Carefully prepare your application.
  • Submit your application.
  • Follow up with the university to know the status of your application.

Benefits of the Akhtarali H. Tobaccowala Fellowship

The Akhtarali H. Tobaccowala Fellowship offers several benefits to Indian students, including a yearly scholarship award of up to $25,000 for each selected recipient. This funding can benefit MBA students, who often face financial challenges due to the program’s high cost. Although the eligibility criteria for the scholarship may be stringent, the benefits are significant. The scholarship may cover partial or full tuition fees, depending on the awardee’s needs. This enables more international students to pursue their education at one of the top universities.


The Akhtarali H. Tobaccowala Fellowship is a distinguished award offered to Indian students who aspire to pursue an MBA program at the Chicago Booth School of Business and is renowned as a business scholarship fund. The fellowship was instituted in honor of Akhtarali H. Tobaccowala, a prominent Indian entrepreneur and philanthropist. 

The Booth School of Business Full-Time MBA Program provides a profound and transformative two-year journey that can have a lifelong impact. Investing in this program will yield benefits throughout your career, such as an influential global network and the ability to lead with conviction. As the scholarship is only awarded to two Indian students, meticulous preparation of your application is essential. Seeking guidance at the appropriate time is crucial to increase your chances of being selected. 

ALLEN Career Institute is a renowned educational institution in India that has been providing coaching and guidance to students preparing for competitive exams for over three decades. The institute is widely recognised for its excellence in education. ALLEN Career Institute offers coaching for a range of competitive exams, including entrance exams for engineering and medical programs. To help students achieve their academic goals, the institute provides comprehensive study materials, experienced faculty, and regular testing and analysis.

With the introduction of the ALLEN Global Studies Division, we are now actively working towards making international education accessible for our students. We understand the importance of submitting a well-prepared application, and we are committed to providing comprehensive guidance throughout the process. Our resources and expertise can guide you through every step of the application process. 

ALLEN Global Studies Division offers a platform for students to explore academic opportunities beyond conventional selection criteria. Our goal is to equip students with the knowledge, skills, values, and ethical orientation required for a global career, enabling them to become world-class professionals. To broaden your horizons on a global scale, consider joining ALLEN Global Studies Division.

Frequently Asked Questions

Does Booth MBA give scholarships?

Certainly. The full-time MBA Program at the Booth School of Business in Chicago provides a range of scholarships, including the Akhtarali H. Tobaccowala Fellowship, which is available for Indian students.

How many Indian students get the Akhtarali H. Tobaccowala Fellowship for an academic year?

Every academic year 2 Indian students who have secured admission to Full Time MBA at Booth School of Business, Chicago are selected for the Akhtarali H. Tobaccowala Fellowship.

What is the average Booth MBA scholarship?

Chicago Booth School of Business offers Merit-Based scholarships for the Full-Time MBA program, which are renewable for both years of enrollment. The scholarship amount ranges from $10,000 to $30,000 per year, depending on the merit of the candidate.

ALLEN Career Institute Pvt. Ltd. © All Rights Reserved.