A Master of Business Administration (MBA) is one of the most sought-after postgraduate qualifications globally, known for developing leadership, strategic thinking, and advanced business management skills. In South Africa, many professionals pursue an MBA to enhance their career prospects, transition into executive roles, or launch entrepreneurial ventures. However, due to the high cost of tuition, MBA bursaries are a vital resource for deserving candidates.
Why Pursue an MBA?
An MBA equips students with practical knowledge in business functions such as finance, marketing, operations, and human resource management. Graduates often pursue careers in senior management, consulting, or corporate strategy. An MBA also enhances networking opportunities, business credibility, and international mobility.
Admission Requirements for an MBA in South Africa
To qualify for an MBA programme, candidates generally need:
- An accredited undergraduate degree
- A minimum of 2 to 5 years of work experience (varies by institution)
- Proof of leadership potential or managerial experience
- A strong academic record
- A GMAT score (optional at some universities)
- Letters of recommendation
- Personal statement or motivation letter
- Some schools may require an entrance test or interview
Top Institutions Offering MBAs in South Africa
Leading South African business schools offering internationally accredited MBA programmes include:
- University of Cape Town Graduate School of Business (UCT GSB)
- University of the Witwatersrand – Wits Business School (WBS)
- University of Pretoria – Gordon Institute of Business Science (GIBS)
- Stellenbosch Business School
- University of South Africa (UNISA) Graduate School of Business Leadership (SBL)
- Nelson Mandela University Business School
- North-West University School of Business and Governance
- Rhodes Business School
- Regent Business School
- Milpark Business School
Many of these institutions offer part-time, full-time, modular, and online study options.
Types of MBA Bursaries Available
University-Specific MBA Scholarships
Most South African business schools offer internal bursaries or scholarships based on academic merit, financial need, leadership potential, or social impact.
Corporate-Sponsored Bursaries
Some major companies offer MBA funding for employees or selected candidates with the expectation of post-graduation work commitments. These include firms in banking, consulting, energy, and telecommunications.
Government and Public Sector Bursaries
Public entities and state-owned enterprises occasionally fund MBAs to develop managerial talent in areas like public finance, service delivery, and strategic governance.
Non-Profit and NGO MBA Bursaries
Organisations working in leadership development, entrepreneurship, and social impact sometimes offer funding to candidates who show commitment to transforming communities.
International MBA Bursaries
South African students applying to international MBA programmes may access scholarships from global institutions, embassies, or development organisations such as Chevening, Fulbright, or DAAD.
What an MBA Bursary May Cover
Depending on the sponsor and programme, bursaries may cover:
- Full or partial tuition
- Registration and administration fees
- Prescribed learning materials or technology resources
- Living allowance (where applicable)
- Research or thesis costs
- Travel or relocation (for international or modular programmes)
Some bursaries come with study conditions, performance expectations, or a work-back clause.
Who Should Apply?
MBA bursaries are generally awarded to applicants who demonstrate:
- Strong academic and professional performance
- Clear career goals aligned with business leadership
- Commitment to innovation or transformation in their industry
- Financial need or lack of alternative funding sources
- A vision for social or economic impact in South Africa or Africa
Career Opportunities After an MBA
MBA graduates can pursue a variety of roles, including:
- Chief Executive Officer (CEO) or other C-suite positions
- Business Development Manager
- Management Consultant
- Investment or Portfolio Manager
- Project or Operations Manager
- Entrepreneur or Start-up Founder
- Public Sector Executive
- NGO or Non-profit Leader
With an MBA, candidates also position themselves for international career advancement and industry leadership.