McDonough School of Business

MA-IBP Admissions & Financing

3 smiling IBP students in breakout room in hariri

Admissions and Application Details

Application Requirements

The M.A. in International Business and Policy Admissions Committee uses a holistic approach when making an admissions decision. We encourage you to review the application requirements in detail to understand what the Admissions Committee is looking for with regard to each application component. 

All interested MA-IBP candidates are encouraged to submit an application as early as possible and to review our detailed application instructions.

Application Deadlines for January 2025

*Recommended submission deadlines for non-U.S. citizens
RoundDateDecision By
Round 1*April 10, 2024May 10, 2024
Round 2*June 10, 2024July 19, 2024
Round 3*August 20, 2024September 20, 2024
Round 4*October 10, 2024November 8, 2024
Round 5November 10, 2024December 6, 2024

Tuition and Financial Resources

Tuition Information

The MA-IBP tuition fee for the January 2025 intake is $81,420. The tuition fee includes tuition, specified meals during modules, accommodations at international residencies, international travel insurance, and course materials.

Tuition fees exclude on-campus parking, individual health care or health insurance premiums, round-trip airfare to and from international module locations, accommodations for Washington D.C., modules, visas, and incidental expenses while traveling. The Office of Billing and Payment Services provides additional information regarding tuition breakdown and student fees through the university.

Financial Aid & Military Education Benefits

Financial Aid

Georgetown University has resources to help students identify options for financing their education. U.S. citizens and permanent residents should contact the Office of Student Financial Services for information on financing.

Military Education Benefits

In an effort to remove financial barriers for veterans seeking a degree at the McDonough School of Business and to honor the brave men and women who serve our nation, Georgetown University’s McDonough School of Business will expand scholarships of the Yellow Ribbon Program (YRP), effective August 1, 2023.

Under this new financial agreement, the business school will increase its YRP maximums from $16,000, to $20,000 per student annually for those who qualify. There is no limit on the number of recipients eligible for this program.

To qualify for the Yellow Ribbon Program, the Department of Veterans Affairs (VA) specifies that participants must be 100% eligible for Post-9/11 GI Bill benefits, be enrolled in a degree-seeking program, have enough 9/11 entitlement to span the entire program, and accrue a total tuition and fees amount that is more than the Post-9/11 tuition maximum for an academic year. The Yellow Ribbon Program changes at Georgetown’s School of Business will become effective August 1, 2023, for incoming and current students once VA approves the application, which should occur no later than June 30, 2023.

If eligible, once approved by the VA, tuition and mandatory fees charged to all students is estimated to be paid in full for the Master of Arts in International Business and Policy.

Students eligible to receive educational benefits through the Military Education Benefits Office should contact Rachel Cardwell directly via email at or by phone at 202-687-2713.

External Funding Resources

In addition to merit scholarships provided by Georgetown’s MA-IBP Admissions Committee through the application process, we encourage you to explore external resources for additional funding opportunities. 


Merit Scholarships

Georgetown University offers scholarships for MA-IBP program students, based on merit. To be considered for a scholarship, applicants must complete the scholarship essay with their applications. The Office of Admissions notifies students of scholarship awards at the time of admission to the program.

Diversity Scholarships

Georgetown McDonough is committed to enhancing diversity in our classrooms. Through our Diversity Scholarship, we provide merit-based scholarships to students whose background or experience, when evaluated holistically, suggests they are uniquely able to contribute to the diversity of the Georgetown community. We welcome students of all backgrounds to apply. Factors which may be considered include a student’s socioeconomic, cultural, and/or family background, personal experiences and challenges, and/or demonstrated ability to develop and support diversity and cultural understanding. These awards take into account an applicant’s academic, personal, and professional accomplishments and community engagement. To be considered for this scholarship, you should complete the optional Diversity Essay. The funding of these scholarships is limited, as such, we encourage you to apply as soon as possible for consideration.

Financing Options for International Students


Georgetown McDonough partners with the Mexican Foundation for Education, Technology, and Science (FUNED), a nonprofit organization founded in 1993 by Mexican businessmen. It is an authorized grantee by the Tax Administration Service. To date, they have supported more than 5,500 students. Mexican Citizens with a Bachelor’s degree with a minimum 8/10 GPA and financial need will be eligible. FUNED provides up to 40 percent of total cost not to exceed a $15,000 USD loan. Awardees are given a six month grace period to repay and five years to pay back and 5.75% IR once they have completed their program. If awarded through FUNED, students are also eligible through CONACYT to receive a merit and need-based scholarship of $10-40,000 USD. McDonough will provide merit scholarships to eligible applicants based on the holistic scholarship review process. Students can apply to FUNED starting in January. The second call for applications opens on April 20 and will close on June 26. The grant FUNED gives is mainly for tuition. The FUNED-CONACYT scholarship is a complimentary scholarship by which students fund their masters with different funding sources in order to afford to pay the first part of tuition and to use FUNED´s grant later in the year.

Prodigy Finance

MPOWER Financing

MPOWER Financing is the leading provider of no-cosigner loans to students from around the world. MPOWER loans are based on your career potential and can cover tuition, housing, meals, and other education-related expenses.

Key features:

Email MPOWER or call them at +1-202-417-3800.

Private Lenders for International Students

Georgetown University does not endorse, recommend, monitor, or otherwise take responsibility
for the products or services offered by any organization listed on the international scholarship
and private lenders list.

Georgetown University reserves the right to modify the requirements for admission and/or graduation, the program curricula, tuition, fees, and other regulations affecting the student body.

Join Our January 2025 Intake

The next MA-IBP intake launches in January 2025. We welcome the opportunity to connect with you throughout the admissions process to learn more about your background and interests.

Questions? Contact Our MA-IBP Admissions Team / +1 (202) 687-0971/ Frequently Asked Questions