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Scholarships and Cost

Did you know that all of our MBA applicants who take a minimum of six credits per semester and have an undergraduate GPA of 3.0 or more are automatically qualified for scholarships? With numerous other opportunities for scholarships, grants, loans, and graduate assistantships, Monmouth makes pursuing your MBA an affordable investment in your career.

The overall cost of the Monmouth MBA may vary depending on scholarships awarded, potential course waivers, and number of courses taken per semester. Fill out our graduate scholarship estimator form or contact Graduate Admission to learn more about the options that are available.

To discuss the potential of course waivers, please contact Nicky Kelly, MBA program administrator, at or (732) 571-3434 to schedule a phone call or web meeting.

Business School Scholarships

  • Hess Scholars – The Hess Scholarship was created to recognize outstanding academic performance and provide an incentive for high academic achievers who did not attend Monmouth University for their undergraduate degree to enroll in the MBA program by offering a financial incentive and recognition of their achievements. Hess Scholars receive a $4,000 scholarship each year for up to three years that can be used toward tuition and fees in the MBA program. This scholarship is awarded in addition to any graduate scholarship award students receive from the university. There is no application process, but to be eligible you must have applied and been accepted into the MBA program and did not attend Monmouth University for any of your previous degrees. Grade point average, test scores and previous degree and institution are the primary considerations for the award. A total of nine awards are available each year.
  • Student Scholarships and Awards – Annually, outstanding students are recognized and financially supported by the generosity of the Business Council and others.
  • Gertrude Murphy Endowed Scholarship – Awarded to MBA students, this scholarship honors “Gert” and her 30+ years of service at Monmouth.
  • Wollack ScholarshipEstablished in honor of the long-time Associate Dean of the school, Leonard Wollack, for excellence in marketing by an MBA student. Each award is for $250.

Contact Nicky Kelly for more information on how you may qualify for these scholarships.