The most common MBA funding option is Corporate sponsorship. MBA graduates and business schools highly recommend this option. Other private organisations interested in students' academic profiles and willing to recruit them after graduation can offer them partial or full sponsorship. This option includes an individual agreement between the funding company and the applicant. Note that it doesn’t include any formal agreement with the business school. Some business schools provide merit-based scholarships to a few applicants, depending on the available funding. Commonly, it covers a part of the tuition fee. The application process for obtaining a merit-based scholarship is defined separately from the admission application.