Apeejay School of Management (ASM) Scholarships & Eligibility

The Apeejay School of Management (ASM), located in Dwarka, New Delhi, is one of India's premier management institutions approved by the All India Council for Technical Education (AICTE) and accredited by the National Board of Accreditation (NBA) and Association of Indian Universities (AIU). Established under the aegis of the Apeejay Education Society, ASM offers a flagship Post Graduate Diploma in Management (PGDM) designed to groom future corporate leaders.

To foster academic competitiveness and ensure that financial constraints do not hinder high-achieving candidates, ASM maintains a structured scholarship and financial support ecosystem.

Overview of Scholarship 

Scholarships at ASM are designed to reward outstanding academic performance and exceptional competitive entrance test scores, as well as assist candidates requiring financial aid. The institute awards scholarships across three primary tiers based on national-level management entrance test percentiles or undergraduate cumulative grade point averages (CGPA).

The scholarship pool is allocated on a strictly first-come, first-served basis during the admission cycle, encouraging prospective management students to apply early.

Types of Scholarships at ASM New Delhi

1. Merit-Based Scholarships

The core institutional grant at ASM is the Merit-Based Scholarship Scheme. Candidates can qualify through either the Entrance Examination Route (CAT, XAT, CMAT, ATMA, MAT, or GMAT) or the Graduation Performance Route.

• Tier 1 Scholarship (INR 1,00,000 Fee Concession):

  • Allocated to top-performing applicants demonstrating exceptional academic brilliance.

  • Capped at a maximum of 10 students per admission batch.

• Tier 2 Scholarship (INR 75,000 Fee Concession):

  • Awarded to high achievers in competitive entrance tests or undergraduate studies.

  • Capped at a maximum of 25 students per admission batch.

• Tier 3 Scholarship (INR 50,000 Fee Concession):

  • Designed to support meritorious applicants who meet high academic benchmarks.

  • Capped at a maximum of 40 students per admission batch.

The total merit pool is limited to 75 awards per admission cycle.

2. Merit-cum-Means Scholarships

ASM extends Merit-cum-Means assistance to deserving PGDM candidates who demonstrate strong academic credentials alongside genuine financial constraints. Selection involves evaluating the candidate's family income documents, overall profile, and performance in the selection rounds.

Detailed Eligibility Criteria

Candidates seeking financial waivers must satisfy specific benchmarks under either of the two qualifying routes:

Eligibility by Entrance Score Route

• INR 1,00,000 Scholarship: 95 percentile and above in CAT, XAT, CMAT, ATMA, MAT, or GMAT.

• INR 75,000 Scholarship: 90 to 94.99 percentile in CAT, XAT, CMAT, ATMA, MAT, or GMAT.

• INR 50,000 Scholarship: 85 to 89.99 percentile in CAT, XAT, CMAT, ATMA, MAT, or GMAT.

Eligibility by Graduation Score Route

• INR 1,00,000 Scholarship: Aggregate of 95% or above (or 9.50 CGPA and above) in Bachelor's degree from a recognized university.

• INR 75,000 Scholarship: Aggregate of 90% to 94.99% (or 9.00 to 9.49 CGPA) in Bachelor's degree.

• INR 50,000 Scholarship: Aggregate of 80% to 89.99% (or 8.00 to 8.99 CGPA) in Bachelor's degree.

Additional Terms and Conditions

• Applicants must hold a Bachelor's degree with a minimum of 50% aggregate marks to fulfill general admission eligibility.

• Scholarships are awarded subject to seat availability and document verification.

• Adjustments are typically made against the second installment of the PGDM tuition fee.

Application Process

Applying for a scholarship at Apeejay School of Management is integrated into the PGDM admission process. Applicants should follow these steps:

1. Submit Admission Application: Fill out the ASM PGDM online admission form available on the official institute portal and pay the application fee.

2. Indicate Scholarship Consideration: Mark the relevant scholarship checkbox in the application form, specifying whether applying via the entrance test score or graduation percentage route.

3. Upload Supporting Documents: Submit clear copies of required academic and financial records:

   • Class 10 and Class 12 mark sheets and certificates.

   • Graduation mark sheets for all semesters/years (or final degree/provisional certificate).

   • Official CGPA-to-percentage conversion certificate issued by the university, if applicable.

   • Valid scorecard for CAT, XAT, CMAT, ATMA, MAT, or GMAT.

   • Income Certificate issued by a competent government authority (for merit-cum-means applicants).

   • Government-issued photo ID (Aadhaar Card or Passport).

4. Complete Selection Process: Attend the scheduled Group Discussion (GD) and Personal Interview (PI) rounds.

5. Receive Scholarship Confirmation: Upon selection, the ASM Admissions Office issues an official fee structure detailing the scholarship sanction and the adjusted second installment amount.

Financial Aid & Alternate Funding Options

In addition to institutional merit scholarships, ASM students can access alternative funding mechanisms:

• Educational Loans through Nationalized and Private Banks: ASM provides admission letters, fee schedules, and prospectus copies to facilitate bank loan processing. Public sector banks offer educational loans under priority sector lending guidelines.

• Vidya Lakshmi Portal: Students can search, compare, and apply for education loans across multiple Indian banks using the centralized Vidya Lakshmi portal managed by the Government of India.

• State Government Credit Card Schemes: Eligible candidates from states like Bihar can apply for student financial assistance schemes (such as the Bihar Student Credit Card Scheme) to cover tuition and study expenses.

• Central & State Government Scholarships: Reserved category candidates (SC, ST, OBC, PwD, EWS) can apply for government stipends and tuition waivers through the National Scholarship Portal (NSP) or respective state portals.

Frequently Asked Questions (FAQs)

Q1: What is the maximum scholarship amount a student can receive at ASM New Delhi?

The maximum merit scholarship offered by Apeejay School of Management is INR 1,00,000, granted to students achieving 95 percentile and above in qualifying entrance exams or 95% and above in graduation.

Q2: How is the scholarship amount disbursed to selected candidates?

The awarded scholarship amount is not paid in cash; rather, it is directly deducted from the second installment of the PGDM tuition fee.

Q3: Is there a limited number of scholarships available at ASM?

Yes, the merit scholarship pool is limited to 75 total awards per batch: 10 awards of INR 1,00,000, 25 awards of INR 75,000, and 40 awards of INR 50,000, distributed on a first-come, first-served basis.

Q4: Which entrance exams are accepted for claiming merit scholarships at ASM?

Scores from CAT, XAT, CMAT, ATMA, MAT, and GMAT are accepted for calculating merit scholarship eligibility.

Q5: Can a student combine multiple scholarships at ASM?

No, candidates cannot stack multiple institutional scholarships. The admissions committee grants the single highest scholarship slab for which the student qualifies.