Find out more information regarding scholarships, sponsorships and alumni discounts for the MSc Programme at Bayes Business School.
MSc Course Scholarships
Every year, numerous successful applicants to our MSc Programme are awarded course scholarships in recognition of their previous outstanding academic achievements and strong course application.
The award amount can be up to 20% of the tuition fees and takes the form of a discount deducted from the second instalment of the tuition fees in January.
This award is open to all applicants on full-time courses on the MSc Programme and eligible candidates will be notified in their course offer letter. This will give further details of deadlines and how to apply. The majority of course scholarships are offered at the time the course offer is made, and while funds are still available.
MSc Donor Scholarships
Every year we are able to award a number of scholarships to offer-holders on our MSc Programme generously provided by different benefactors. Application links and further information for each scholarship can be found below.
Unless otherwise stated, in order to be considered for a donor scholarship, applicants must have accepted their conditional or unconditional offer on their MSc course and paid the deposit.
Decisions are normally made by the awarding body during the summer, and most results will be announced between June and August. All scholarship applicants will be informed of the decisions by email as and when they are made. Please note that we are not able to provide updates on the status of individual applications.
For guidance and tips on submitting a donor scholarship application, read our helpful blog.
Confirmed Scholarships for 2025 intake
Haberman Fund
Overview
The Haberman Fund was set up to pay tribute to Professor Steven Haberman, former Dean of the Business School, who has been teaching and conducting research in Actuarial Science at the Business School for over 30 years.
Value: Two scholarships, each worth £4,000
Criteria
Eligible courses: MSc Actuarial Science
MSc Actuarial Management (full-time)
Geographical requirements: None.
Academic requirements: Must be able to demonstrate academic excellence.
Financial need: Must be able to demonstrate financial need.
Deadline: 13th May 2025
The Stamatia Michael Xylas (SMX) Scholarship (formerly The Matrona Michael Xylas (MMX) Scholarship)
'Stamatia Michael Xylas would have loved in her lifetime to have had the opportunity to sponsor a scholarship for a bright student in the world famous MSc in Shipping, Trade and Finance / MSc Energy, Trade and Finance. She was throughout her life a great enthusiast for academic attainment, a love of studying that took her from her birthplace in Chios as a very young girl, to Athens into the care of her aunt Matrona, in order to gain a better education than was available on her home island at the time, before it was formally liberated in 2012. She went on to gain top marks in every year at the Arsakeio school for girls, and in every course that she attempted, including a prestigious business course late on in her education.
She married the maritime lawyer Michael Mark Xylas (after whom this scholarship was formerly named) in 1931, and supported him through thick and thin to realise his dream of becoming a shipowner, not once but twice, both before and after WWII.
Her courage, grit and determination were legendary, no better exemplified than during World War II, when she ran her young family successfully on rations, with plenty to spare for others who were harder up or less capable of saving; cared for her only child Matrona (born in 1935 and named in honour of her aunt Matrona) through a bout of typhoid as a 9-year old; sustained a painful miscarriage, and faced as a team leader of her family the extremely dire circumstances of enemy occupation for a number of years, particularly after the loss of her husband’s ships, which were also sunk by the enemy.
In 1947, after the World War, and during the Greek Civil War, she and Matrona followed Michael Xylas to London, where she continued to support him tirelessly, as he built yet another shipping business as the owner of Faros Shipping London, a shipping business which continues to this day.
There was in the meantime never much help in their home, as Stamatia Xylas insisted on doing as much of the domestic and hospitality work herself as she could, primarily to save money, burning the midnight oil as she did so, even darning her husband’s socks, her bedtimes being extremely late almost to the end of her long life (she died in 2006). This parsimony and taking care of the pennies did not on the other hand prevent her from being a marvellous hostess, and an extremely generous entertainer of visitors to her beautiful homes in both London and Athens. On the contrary she firmly believed that this is what you save money for, a good social profile to go along with sound business investment. Needless to say she also majored in philanthropy, epitomised by the donation to her home island of Chios of the Homerion Cultural Centre, that cost nearly $10m in 1970’s money.
She was above all though a family woman, who strove religiously and with powerful leadership to keep her family bound close together, in which she devotedly included that of her brother Michael Poutous. She had her own firm opinions, and was always keen to impress on us that we should have ours too, and to be forthright in expressing them, without fear of anyone in so doing.
This – her independence of mind and spirit - is one of the two main legacies that should be communicated to each student who is awarded this scholarship, that they should seek to be people who are independently minded, not influenced by trends or fashions or what you are told by others to think, and to be fearless in expressing and implementing their independent views.
The other main legacy that should be communicated to the fortunate student is that he or she should always look to do good for his or her family and for society, but most importantly to grow capable of helping the next generation after them, in the same way as they are fortunate enough to be receiving this vital help themselves at this crucial moment in their young lives.
One of Stamatia Xylas’ most beloved motto’s was αἰὲν ἀριστεύειν καὶ ὑπείροχον ἔμμεναι ἄλλων, taken from the Homeric Iliad, and she lived this motto to its limit. All students who receive this award should take diligent heed of the larger than life qualities of this unsung heroine of Greece.'
- Mr Comninos
The Stamatia Michael Xylas (SMX) Scholarship (formerly The Matrona Michael Xylas (MMX) Scholarship) was established by Mr Nick Comninos Xylas in 2021 and is given in honour of academic excellence, demonstration of financial need, and promise of continued growth.
Value: One scholarship, worth full tuition fees
Further information on the Stamatia Michael Xylas (MMX) Scholarship
Criteria
Eligible courses: MSc Shipping, Trade and Finance and MSc Energy, Trade and Finance
Geographical requirements: None
Academic requirements: Must be able to demonstrate academic excellence (normally evidenced by a UK First class Honours degree or the international equivalent).
Financial need: Must be able to demonstrate financial need.
Deadline: 13th May 2025
The Wael Khatib Scholarship supported by Lockton MENA Ltd
The Wael Khatib Scholarship is set up by Lockton MENA Ltd as a tribute to the founder of Lockton in the MENA region, Wael Khatib. Wael was an extraordinary man with a rich history in the insurance industry and a respected and inspirational leader. One of the many features that distinguished him was his passion towards accelerating ones career through the solid foundation of academia. As he himself graduated from this Business School with an MSc Insurance and Risk Management, he always encouraged those around him to do the same from the very beginning of their careers. The scholarship has been created to continue his legacy and offer the opportunity for others to follow in his footsteps and use academic excellence as a spring board and promise for continued growth.
About the Donor
As the world’s largest privately owned, independent insurance broker, Lockton serves more than 65,000+ clients across six continents with risk management, insurance, employee benefits consulting and retirement services. Lockton’s 8,500+ Associates are committed to helping clients achieve the goals that make their businesses safer, smarter and more profitable.
Lockton MENA, headquartered in Dubai (UAE) and with 200+ associates, provides (re)insurance solutions handling major corporate clients in the UAE and throughout the Region. Offering innovation in their (re)insurance solutions, they travel extensively throughout the Middle East, and the major Insurance Hubs of the world to customize the best protection programs for their clients.
Ata Khatib, Chairman of Lockton MENA, said: “I believe as passionately as my father in the importance of academic excellence and helping the next generation in achieving it. Myself and wider management team are available to those who have been successfully awarded with this scholarship. We are happy to guide and mentor them throughout their career in insurance.”
Value: One scholarship, covering full tuition fees
Criteria
Eligible courses: MSc Insurance and Risk Management (full-time, September start only)
Geographical requirements: Must be a permanent resident of the MENA region
Financial need: Must be able to demonstrate financial need.
How to apply: We strongly recommend that applicants begin to explore visa requirements for studying in the UK early in their application process. Special attention should be given to understanding the financial needs associated with living and maintenance costs. We also urge applicants to secure student accommodation that is both convenient and affordable as early as possible, as these options often fill up quickly. Additional financial support from the donor may be available upon proving a financial need.
Furthermore, we advise candidates to consider the feasibility of taking the required English test in their home country at an early stage. Please note that passing the English test is one of the entry requirements of the course, and we understand that scheduling English tests may require time in certain countries.
Please note that a deposit is not required in order to apply for this scholarship, but applicants must have received and accepted a conditional or unconditional offer on the course before submitting a scholarship application.
Deadline: 13th May 2025
The Boyle-Rodney Scholarship
The Boyle-Rodney Fund was set up in 2022 by James Boyle (MSc Real Estate Investment, 1997) to pay tribute to lead tutor Bill Rodney, for helping to launch so many successful and rewarding careers in the connected fields of finance and real estate, and beyond.
To be eligible, applicants must satisfy the entry criteria for their chosen MSc programme at Bayes and be able to demonstrate financial need. Find out more about MSc Programmes at Bayes Business School.
Value: Two scholarships, covering the full-time MSc fee (with 50% from the Boyle-Rodney Fund and 50% waived by Bayes Business School) plus a £10,000 stipend paid in ten instalments across the year.
Criteria
Eligible courses: All full time Specialist Master's degrees
Geographical requirements: None
Financial need: Applicants must be able to demonstrate that their family and financial backgrounds mean that they would not be able to afford to study for a Master's degree at Bayes. Shortlisted applicants will be required to provide documentary evidence (further details within application form). Please note that you will need sufficient funds to be able to travel to the UK and sustain yourself before the first stipend payment is made. This will usually be in October of the year study starts.
Academic requirements: Must be able to demonstrate academic excellence and satisfy the academic entry criteria for the chosen MSc. Applicants should not already hold a qualification equivalent to a UK Master's degree.
This scholarship is very popular and attracts a large number of applications. Whilst every application is carefully considered, we cannot offer individual feedback to unsuccessful applicants.
Applicants must have accepted an offer on an eligible MSc course. Applicants who have not yet paid a deposit to accept their offer will also be considered, but must request for their offer to be reactivated if their offer has been withdrawn due to non-payment of deposit, and they must accept their offer by selecting 'Sponsorship' on the payment page of the offer response form.
Deadline: 13 May 2025, at 11:59pm
The Navarino Scholarship
Overview
The Navarino Scholarship was established in 2023 to support the tuition fees of students taking MSc Shipping, Trade and Finance.
Value: One scholarship, covering full tuition fees
Criteria
Eligible courses: MSc Shipping, Trade and Finance
Geographical requirements: None
Financial need: Must be able to demonstrate financial need
Deadline: 13th May 2025
The Nick Maughan Foundation Scholarships
Overview
Bayes Business School is delighted that The Nick Maughan Foundation wishes to provide financial support to students on MSc Investment Management and MSc Philanthropy, Grantmaking and Social Investment.
Value: One scholarship on each course, each worth £10,000
Criteria
Eligible courses: MSc Investment Management and MSc Philanthropy, Grantmaking and Social Investment
Geographical requirements: None
Financial need: Must be able to demonstrate financial need
Academic requirements: Must be able to demonstrate academic excellence. Applicants are expected to have not attended a fee-paying Secondary School.
Deadline: 13th May 2025
The Deval Family Scholarship
The Deval Family Scholarship was established in 2023 to support the tuition fees of students taking MSc Shipping, Trade and Finance.
Value: Two scholarships, each worth £10,000
Criteria
Eligible courses: MSc Shipping, Trade and Finance
Geographical requirements: None
Financial need: Must be able to demonstrate financial need
Deadline: 13th May 2025
The Avgoustinos Apostolou Scholarship
Mr Avgoustinos Apostolou is an experienced entrepreneur who has founded companies in the financial services, financial technology, and payments industries, demonstrating expertise and vision. His ventures, including dealio.ai, fxds.com, infinittex.com, and the upcoming payxl.com, each contribute to advancements in their respective fields. His focus on leveraging technology to create innovative solutions has significantly impacted these industries. His own journey, rich with diverse experiences, has reinforced his belief in the importance of giving back and creating opportunities. Therefore, this scholarship reflects his commitment to supporting future talent and innovation.
Value: One scholarship, worth £5,000
Criteria
Eligible courses: MSc Financial Technology and Innovation
Geographical requirements: None
Financial need: Must be able to demonstrate financial need
Deadline: 13th May 2025
The Iain Allan Bursary
Overview
Iain Allan is an actuary and has been a Visiting Professor at the Business School for over twenty years. During his business career he has held senior positions in life insurance companies and the stockbroker Phillips & Drew. He was, for fifteen years, head of strategy at RBS. He is now an independent consultant.
Value: Four bursaries, each worth £5,000
Criteria
Eligible courses: MSc Actuarial Science, MSc Actuarial Management (full-time)
Geographical requirements: Permanent residents of India, Nepal or of countries falling under Southeast Asia
Financial need: Applicants must be able to demonstrate financial need
Please note that this award will be disbursed to the successful applicants in Term 2 of the MSc degree.
Deadline: 13th May 2025
Stelios Scholarship
Overview
The Stelios Scholarships were established in 2006 by Sir Stelios Haji-Ioannou through the Stelios Philanthropic Foundation and is given in honour of academic excellence, demonstration of financial need, and promise of continued growth.
The Business School (formerly Cass) alumnus Sir Stelios Haji-Ioannou is the Chairman of easyGroup and is most famous for founding easyJet at the age of 28. He graduated from the Business School with an MSc in Shipping, Trade and Finance in 1988. His foundation, the Stelios Philanthropic Foundation is committed to dynamic philanthropy: making a positive, exponential difference through funding, inspiring and advising educational, entrepreneurial and environmental initiatives.
Value: Five scholarships, each worth £20,000
Further information about the Stelios Scholarship.
Criteria
Eligible courses: Finance and entrepreneurship related courses (see application form for full list)
Geographical requirements: Permanent residents of the UK and EU
Academic requirements: Must be able to demonstrate academic excellence
Financial need: Must be able to demonstrate financial need
Deadline: 13th May 2025
The Clélia Haji-Ioannou Scholarships
Overview
The Clélia Haji-Ioannou Scholarship was established in 2019 by Clélia Haji-Ioannou and is given in honour of academic excellence, demonstration of financial need, and promise of continued growth. Ms Clélia Haji-Ioannou provides two scholarships to the value of £10,000 each to be offset against tuition fees.
Value: Two scholarships, each worth £10,000
Further information about the Clélia Haji-Ioannou Scholarship
Criteria
Eligible courses: MSc Shipping, Trade and Finance and MSc Energy, Trade and Finance
Geographical requirements: None
Academic requirements: Must be able to demonstrate academic excellence
Financial need: Must be able to demonstrate financial need
Deadline: 13th May 2025
The Global Ship Lease Scholarship for Women in Shipping
The Global Ship Lease Scholarship for Women in Shipping was established in 2024, to actively support gender-diversification in a historically male-dominated industry. Global Ship Lease (www.globalshiplease.com) is a containership owner, chartering ships to leading container shipping companies. The Company has been listed on the New York Stock Exchange since 2008, has offices in Athens, and is a project partner to Bayes Business School on the UK National Clean Maritime Research Hub.
Value: One scholarship, covering the full tuition fee
Criteria
Eligible courses: MSc Shipping, Trade and Finance
Gender: Open to women
Geographical requirements: None
Financial need: Must be able to demonstrate financial need
Deadline: 13th May 2025
MSc Sponsorship Agreements for 2025 intake
Bayes Business School is pleased to work with organisations who generously sponsor students' tuition fees. Unless otherwise stated, applicants must apply for the funding directly through the organisation.
The Worshipful Company of Insurers Scholarship
Overview
The Worshipful Company of Insurers (WCI) and Bayes Business School have established a scholarship scheme for Home students taking the MSc in Insurance and Risk Management at Bayes Business School. Under the scheme, two students will have their tuition fees paid in full.
Scholars are expected to be drawn from areas of the UK considered to be relatively lacking in opportunity and they must also be able to demonstrate financial need.
Value: Two scholarships, covering full tuition fees (£15,800 each)
Criteria
Eligible courses: MSc Insurance and Risk Management (September start only. Applicants to the part-time course may be considered if they are not working in the Insurance industry at the time of application)
Geographical requirements: Permanent residents of the UK (must meet criteria for Home student fee status)
Academic requirements: Must be able to demonstrate academic excellence
Financial need: Must be able to demonstrate financial need
Interested applicants should apply for MSc Insurance and Risk Management in the first instance. If made an offer, eligible applicants can submit their scholarship application via the WCI website. The WCI Trustees will then reivew the scholarship application and may request further information (including details of your financial background). Decisions are normally made on a rolling basis, and an early application is therefore strongly encouraged.
Please note that successful scholars are expected to cover their remaining expenses throughout the degree, such as living costs.
Deadline: 22nd August 2025
City St George's, University of London alumni discount
Separate to these scholarship schemes all graduates of City St George's, University of London are entitled to a 20% discount on the fees of an MSc course at Bayes Business School. Please note that, as we aim to offer awards to as many outstanding students as we are able to, City St George's Alumni may only accept either the alumni discount or a Bayes scholarship (if applicable) - the larger amount would normally take precedence. For more information, please visit our Alumni benefits section.
Terms and Conditions of Awards
Please be informed that it is Bayes Business School Master's Programme policy that an offer-holder may not receive more than one of the following: donor scholarship/course scholarship/alumni discount/partnership discount. Should you be awarded more than one of the above or be fully funded by an outside source (with the exception of a repayable bank loan) you would have to make a choice of which award you would like to accept.
All scholarships and discounts are credited towards the second instalment of tuition fees; students are therefore required to pay the whole of the first instalment (or the remaining fees if the award is larger than half the tuition fees) during registration.
Further details of the terms and conditions of accepting a scholarship/discount will be provided in the award confirmation letter.
