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Acquiring an M.B.A. at St. Thomas is a wise investment. Studies have shown that money spent on education is one of the most powerful measures of future success, and the ROI of a St. Thomas MBA is a rich combination of knowledge, connections and career-building. 

We recognize the investment and opportunity cost in committing to a master’s degree and have a variety of scholarship opportunities available to qualified applicants.

In addition to the grants and scholarships listed below, each year there are a number of Dean's Scholarships available to students entering the program. Please contact us to discuss these opportunities in more detail.  

The Fritz Wenzel Scholarship

The Fritz Wenzel Scholarship Fund was established in 2009 to honor long-time faculty member Fritz Wenzel's extraordinary commitment to health care education and leadership. The scholarship fund provides an annual award for Health Care MBA students who exemplify Fritz’s commitment to excellence in health care leadership and demonstrate financial need.

Currently enrolled Health Care MBA students are notified each fall of their eligibility to apply for the scholarship.

About Fritz

Fritz Wenzel photoFrederick J. Wenzel, M.B.A., FACMPE, executive fellow and adjunct faculty at the Opus College of Business at the University of St. Thomas (1996-to date) served as executive director of the Marshfield Clinic Research and Education Foundation for 16 years and then executive director of the Marshfield Clinic for 17 years. He now serves on the clinic's National Advisory Council and is advisor to the president of the clinic. He was executive vice president and CEO of the Medical Group Management Association of Englewood, Col. from 1993-1996 and continues to work with that organization on committees and task forces. He served on the Commission for Accreditation for Health Management Education, where he completed two years as chair of the commission. He serves on numerous additional boards while continuing to teach at the University of St. Thomas.

The Mary Foley Scholarship

The Foley Nursing Scholarship was established to provide scholarship opportunities to students in the Health Care MBA program who are nurses (R.N.s) or certified occupational health nurses (C.O.H.N.s). All nurses accepted into the program can apply for these scholarships, which are awarded on an annual basis.

Nurses applying to the program can be considered for a Dean’s Scholarship distribution of the Foley Award if they complete their application by the admission deadline and are accepted into the program. Continuing students are notified of how to apply for the scholarship each fall.

For more information about the Foley Nursing Scholarship, please contact us »

Diversity Grants

Graduate students that demonstrate financial need as determined by the FAFSA and who bring to UST distinctive personal characteristics or who have overcome significant obstacles or hardships should apply for a diversity grant. Additional information and an application can be found on the Graduate Financial Aid website.

Military Consideration

The Opus College of Business welcomes applications from men and women with military backgrounds and is honored to be chosen as a Military Friendly Business School by The college offers the following benefits to veterans:  

  • Waiver of the application fee for persons with a history of service
  • Special consideration when reviewing applications for the Dean's Scholarship
  • One-year deferment of acceptance and scholarship if admitted military students' plans are delayed by their service branch

In addition, the University of St. Thomas is participating in the Yellow Ribbon Education Enhancement Program, a provision of the Post 9/11 Veterans Educational Assistance Act of 2008. St. Thomas provides unlimited Yellow Ribbon awards to graduate students in the Opus College of Business; this tuition benefit will be matched by the Veterans Administration.

Yellow Ribbon Information and Applications »

To learn more about other veteran’s benefits provided by the University of St. Thomas, please visit the Veteran Student Information page.

Additional Assistance

Students may also wish to investigate scholarships offered through the following organizations and through all associations to which they are a member:

Bush Foundation
Minnesota Medical Group Management Association (MMGMA)
National Black MBA Association (NBMBAA)

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