Earlier this month, leading global business school IMD in Switzerland announced the creation of a new MBA scholarship to support an individual student from an emerging country who works either as a social entrepreneur or for an NGO. With the new scholarship, IMB hopes to increase its class diversity by bringing participants who might otherwise not be able to attend the MBA program.
Criteria for the scholarship, which will be supported through alumni fundraising efforts, were defined by alumni representatives on the IMD Scholarship Foundation Selection Committee.
The Selection Committee will look for applicants from emerging countries who demonstrate a passion for contributing to society through social responsibility. “This person will truly bring a different perspective to the class,” the Selection Committee stated. “We believe it will also make a difference when the candidate returns to his or her home country to apply the learnings gleaned from the IMD experience.”
To be considered, candidates must demonstrate financial need, currently work as a social entrepreneur or for an NGO in his or her home country or region with 4 to 10 years of work experience and have made a significant contribution to society at either a local or nationwide level. He or she should also possess strong leadership skills, be able to make a significant contribution to the IMD class dynamic and plan to return to his or her home country or region in a socially responsible leadership role after IMD.
Target countries and regions for scholarship applicants include, but are not limited to, Africa, Latin America, China and India. The IMD Scholarship Foundation will provide for living expenses, and IMD will contribute Sfr 45,000 toward tuition. The selected candidate will need to cover the additional tuition through savings or a loan.
To learn more about the new IMD MBA scholarship, click here.
