Dreaming of studying at multiple prestigious European universities with full funding? The Erasmus Mundus GLOCAL Scholarship 2026 offers an exceptional opportunity to pursue a joint Masters degree in Global and Local Markets with comprehensive EU funding. This guide provides complete information about this elite program, including eligibility, benefits, and detailed application procedures for international students seeking fully funded masters scholarships in Europe.
About Erasmus Mundus GLOCAL Scholarship
Erasmus Mundus is the European Union’s flagship program for international higher education cooperation, funding exceptional joint Masters programs that bring together universities across Europe. The GLOCAL (Global Markets, Local Creativities) program is one of these prestigious Erasmus Mundus Joint Masters degrees.
The GLOCAL program focuses on economic history and the dynamics of global-local market interactions. Students study at multiple European partner universities, gaining diverse perspectives and building international networks.
What distinguishes Erasmus Mundus scholarships is the comprehensive EU funding that covers tuition, living expenses, travel, and insurance. The GLOCAL program specifically prepares graduates for careers in international business, policy research, economic analysis, and academia.
Erasmus Mundus GLOCAL Scholarship Summary
| Host Country | Multiple European Countries (EU) |
| Host Institution | University Consortium (Multiple Partner Universities) |
| Level of Study | Joint Masters Degree (2 Years) |
| Eligible Degrees/Fields | Economic History, Global Markets, Business History |
| Scholarship Coverage | Fully Funded (Tuition, Monthly Stipend EUR 1,400, Travel, Insurance) |
| IELTS Requirement | 6.5 Overall (or equivalent) |
| Eligible Nationalities | All Countries Worldwide |
| Application Deadline | January 15, 2026 |
| Destination Country | Europe (Multiple Countries) |
| Category | Fully Funded EU Scholarship |
| Official Website | globallocal-erasmusmundus.eu |
Benefits of the Erasmus Mundus GLOCAL Scholarship
Erasmus Mundus scholarships are among the most generous study abroad funding opportunities:
- Full tuition fee coverage at all partner universities for 2 years
- Monthly living allowance of approximately EUR 1,400 per month
- Travel and installation costs coverage (EUR 2,000-4,000 depending on origin)
- Comprehensive health, accident, and travel insurance
- Joint or multiple degree from prestigious European universities
- Study experience in 2-3 different European countries
- Access to extensive Erasmus Mundus alumni network
- Participation in conferences, seminars, and academic events
- International cohort of students from around the world
- Strong career services and industry connections
Eligibility Criteria for Erasmus Mundus GLOCAL Scholarship
Applicants must meet these requirements:
- Hold a Bachelor’s degree (or equivalent) in economics, history, business, or related fields
- Demonstrate strong academic performance in previous studies
- Meet English language proficiency requirements (IELTS 6.5 or equivalent)
- Have genuine interest in economic history and global-local market dynamics
- Be willing to study in multiple European countries during the program
- Not have previously received an Erasmus Mundus scholarship
- Submit complete application by the deadline
Required Documents for Erasmus Mundus GLOCAL Scholarship
Prepare the following documents:
- Online application form on the GLOCAL consortium portal
- Bachelor’s degree certificate and official transcripts (translated if needed)
- CV in European format (Europass format recommended)
- Motivation letter addressing interest in the GLOCAL program (1-2 pages)
- Two academic reference letters from professors familiar with your work
- English language proficiency certificate (IELTS, TOEFL, or equivalent)
- Valid passport copy
- Research proposal or writing sample (if required)
- Proof of any relevant work experience (optional)
Application Timeline for Erasmus Mundus GLOCAL Scholarship
- Application Opens: October 2025
- Application Deadline: January 15, 2026
- Application Review: January-March 2026
- Shortlisting and Interviews: March 2026
- Results Announcement: April-May 2026
- Visa and Pre-departure: May-August 2026
- Program Start: September 2026
How to Apply for the Erasmus Mundus GLOCAL Scholarship
Step 1: Research the Program
Visit the official GLOCAL program website to thoroughly review program structure, curriculum, partner universities, and admission requirements. Understand the mobility scheme and where you’ll study each semester.
Step 2: Create Account
Create an account on the consortium’s online application portal when applications open in October.
Step 3: Complete Application Form
Fill out the online application form with accurate personal, academic, and contact information.
Step 4: Prepare Documents
Prepare and upload all required documents in specified formats (usually PDF). Ensure translations are certified where required.
Step 5: Write Motivation Letter
Write a compelling motivation letter explaining your academic background, interest in economic history, and career goals. Explain why the GLOCAL program is ideal for your aspirations.
Step 6: Request References
Request reference letters from academic supervisors well in advance. Provide them with your CV and goals to help them write strong recommendations.
Step 7: Submit Application
Submit your complete application before the January 15, 2026 deadline. Save confirmation of submission.
Step 8: Prepare for Interview
If shortlisted, prepare for online interview. Review your motivation letter and be ready to discuss your academic interests and career plans.
Tip: Erasmus Mundus programs are highly competitive. Ensure your motivation letter clearly articulates your academic interests and career goals related to the specific program focus.
FAQs about Erasmus Mundus GLOCAL Scholarship
Can students from any country apply?
Yes, Erasmus Mundus scholarships are open to applicants from all countries worldwide. However, scholarship amounts may differ between Partner Countries (outside EU) and Programme Countries (EU/EEA). Partner Country scholars receive higher stipends.
How many countries will I study in?
GLOCAL students typically study at 2-3 different universities across Europe during the two-year program. The exact mobility path depends on your track choice.
What degree do I receive?
Graduates receive a joint or multiple degree from the partner universities in the consortium. This degree is recognized across Europe and internationally.
What are the career prospects after GLOCAL?
Graduates pursue careers in academic research, international organizations (EU, UN, World Bank), policy institutions, consulting firms, think tanks, and multinational corporations in roles related to economics, business analysis, and policy.
Final Thoughts on the Erasmus Mundus GLOCAL Scholarship
The Erasmus Mundus GLOCAL Scholarship represents a unique opportunity to earn a fully funded joint Masters degree while experiencing life and study in multiple European countries. With comprehensive financial support and exposure to diverse academic perspectives, this program can accelerate your career in economics, policy, or business.
Given the high competition, invest significant effort in your application. Start early, craft a compelling motivation letter, and ensure your academic references highlight your potential for success in this interdisciplinary program.
Apply now for the Erasmus Mundus GLOCAL Scholarship and experience world-class education across Europe!
Need Help With Your Application?
For expert assistance with Erasmus Mundus applications, ScholyHub Consultancy offers specialized guidance. Our team understands the unique requirements of EU scholarship programs.
Visit ScholyHub Consultants to request our consultancy services.