Funding | MBA | College of Business | SIU

Southern Illinois University



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Numerous forms of financial aid are offered through the University and through the College of Business. These include scholarships, fellowships, assistantships, and loans. More information about all of these can be obtained through the Graduate School.


The College of Business offers approximately 20 assistantships to highly qualified students. A 50% assistantship requires that the student work 20 hours per week with a designated College faculty or staff member. In return, the student receives a monthly stipend. The assistantship also covers student tuition (up to 15 credit hours per Fall/Spring semester and 9 credit hours for the summer, students are responsible for tuition charges over these hour limits).

The placement of assistantships is based on the recommendation of the MBA Coordinator and the final approval of the Departmental Chair.

To be considered for a College of Business Graduate Assistantship please submit your resume and cover letter to Only admitted students will be considered for graduate assistantships. Please do not send your application materials until you have started the application process.

Additionally, there are assistantships available at other locations on campus. You can check for openings here:

GMAT Waiver for Accredited Degrees

The GMAT requirement can be waived if you meet at least one of the following three qualifications:

  • You have five (5) or more years of professional full-time work experience since your first bachelor's degree was conferred.
  • You had at least a 3.5 GPA in the last 60 hours of undergraduate coursework from a AACSB acredited business major in which you were conferred a bachelor's degree.
  • You have been awarded a master's or J.D. degree.

    Please indicate on your application if you believe you can satisfy the GMAT waiver requirement.


Scholarships are awards granted to Graduate Students who meet certain criteria. The Graduate School offers 4 different Scholarships. The College of Business also offers scholarships.

GMAT Fee Waiver Scholarship

The College of Business offers 10 GMAT Fee Waiver Scholarships to highly qualified students each year. Awardees of this scholarship will take the GMAT free of charge. That is $250 in savings for each accepted student! The SIU MBA program will award these scholarships on the basis of application information, essay responses, and student's commitment to SIU. Complete the form to apply.

Financial Aid

More financial aid information is available at SIU's Financial Aid Site.