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Posted by Clear Admit on January 10, 2012, at 2:00 pm Posted in:  Deadlines , Financial Aid , School: ISB The Indian School of Business (ISB) in Hyderabad announced this week that international applicants for a scholarship contest announced in November will have longer to submit their applications due to increased demand. Through the contest, ISB plans to award 10 new scholarships to international applicants from different geographic areas to mark the school’s 10th anniversary. The new deadline for submissions is February 1, 2012.  The Indian School of Business (ISB) in Hyderabad announced this week that it plans to award 10 new scholarships to international applicants from different geographic areas to mark the school’s 10th anniversary. International applicants to ISB – that is, non-Indian passport holders – are eligible to apply for the new awards, which will range from 300,000 INR (approximately $5,790 USD) to 1,500,000 INR (approximately $29,000 USD) depending on the merit of the application. ISB will award one scholarship each to applicants from North America, Latin America, Western Europe, Eastern Europe, China, Southeast Asia, Far East Asia, Australia, SAARC countries and Africa. Applicants must possess a corresponding passport to apply for any given geographic scholarship award. Posted by Clear Admit on November 16, 2011, at 1:00 pm Posted in: Financial Aid , MBA News , School: Chicago A $1 million gift from the Tobaccowala Foundation of India will fund a new scholarship for MBA students from India studying at the University of Chicago Booth School of Business, the school announced this week. Students who receive the scholarship will be designated Akhtarali H. Tobaccowala Fellows, in memory of the 1952 graduate of Chicago Booth who was a director of Tata Group, chairman of Voltas Ltd., a unit of Tata, and founder of Impact India. Posted by Clear Admit on October 13, 2011, at 1:00 am Posted in: Financial Aid , MBA News , School: ISB The Indian School of Business (ISB) in Hyderabad announced this week that it will double its MBA scholarships in a bid to attract the best and brightest students to study management education in India. ISB will increase its total scholarship aid from rupees 4 crores ($816,000 USD) to rupees 8 crores ($1.6 million USD) for the incoming class of 2013. This increased outlay will mean that one in every seven students studying at the school will receive scholarships of between 25 and 50 percent of the total tuition fee. The scholarships will be awarded for both merit and financial need, the school announced. Recipients will be selected on the basis of their exceptional academic and professional performance as well as personal qualities such as leadership, integrity and community service. “We take great pride in the diversity of our students,” ISB Deputy Dean Deepak Chandra said in a statement. “The doubling of our scholarship outlay reaffirms our commitment of grooming future leaders by opening gateways to world-class management education. We are confident that our efforts will continue to reap results in terms of attracting the best talent as well as strengthening the brand ISB.” In addition to the increased school-wide scholarship awards, ISB also will offer entrepreneurial support through a special “Develop India” scholarship, awarded to students who aspire to start their own ventures. The “Develop India” scholarships, offered to aspiring entrepreneurs whose ideas are being incubated under the Entrepreneurs Development Initiative (EDI) at the Wadhwani Centre for Entrepreneurship Development (WCED) of the ISB, will cover the students’ loan EMI amount up to a period of two years. Finally, several corporate organizations also offer their own scholarships to ISB students. Organizations including Citi Foundation, Novartis, IBF, Talentia, La Caixa and Casa Asia provide a variety of merit and need-based scholarships. The Novartis scholarship, for example, is specifically offered to encourage women students from small towns. The Citi Foundation scholarship, meanwhile, is one of the longest-running scholarships to be awarded at ISB.
UNC’s Kenan-Flagler Business School, Forté Establish New Scholarship Program for Women EMBA StudentsPosted by Clear Admit on October 11, 2011, at 1:00 pm Posted in: EMBA , Financial Aid , School: UNC / Kenan Flagler The University of North Carolina’s Kenan-Flagler Business School has created a new fellowship program for women applying to its executive MBA (EMBA) program in an effort to increase program diversity, the Financial Times announced this week. “Our goal is to recruit more talented women,” Sarah Perez, executive director for EMBA programs, told the FT. “As with other schools, the numbers are still very low.” Posted by Clear Admit on September 2, 2011, at 1:00 pm Posted in: Financial Aid , MBA News , School: Chicago The University of Chicago Booth School of Business last week announced that it has expanded its scholarship support for U.S. military veterans who qualify for the Yellow Ribbon Program to include part-time MBA students. In April, Chicago Booth also announced an increase in scholarship support for full-time MBA students who qualify for the program, which is administered by the U.S. Department of Veterans Affairs (VA). As part of the changes announced last week, part-time MBA students in Chicago Booth’s evening, weekend and executive programs who qualify under VA guidelines will also be eligible for the awards, the school announced. Posted by Clear Admit on July 27, 2011, at 1:00 pm Posted in: Financial Aid , MBA News , School: Berkeley / Haas , School: Chicago , School: Northwestern / Kellogg , School: Penn / Wharton , School: Virginia / Darden Since the credit crisis, international students have faced harder times obtaining student loans for graduate management education. In response, three INSEAD alumni have established an innovative community education bond that calls on business school alumni to invest in their successors, the Financial Times reports. Founded by INSEAD alumni Cameron Stevens, Ryan Steele and Miha Zerko, Prodigy Finance is a standalone organization providing an alternative for financing to the credit unions and other solutions some schools have turned to for their overseas students. Prodigy’s lending model is based around persuading INSEAD alumni to invest in their successors by putting money into the community education bond. Based on a predictive approach that takes into account students’ potential earnings, the model helps reduce risks to investors. Investors get a good rate of return, and the system works because students don’t want to default on loans that have originated with alumni, Stevens told the FT. “We outperform fixed deposits and the FTSE,” Stevens said, noting that investors get the base rate of return plus 4 per cent. Posted by Clear Admit on July 19, 2011, at 1:00 pm Posted in: Financial Aid , MBA News , School: Berkeley / Haas A trustee of the University of California at Berkeley has given $1 million to the Haas School of Business to establish a new scholarship fund for international MBA students, primarily those from Asia, the school announced this week. The gift, from Dato’ Sri Dr. Tahir, will establish the Tahir Fellowship Endowment Fund, which the school hopes will help attract even more international students to its fulltime MBA program. The new fund will help offset any difficulties international students may have encountered since lenders began requiring co-signers for international student loans in 2008. (Haas did work in response to secure partnerships that would provide loans without co-signers, but these programs do not provide full funding.) Posted by Clear Admit on May 18, 2011, at 1:00 pm Posted in: Financial Aid , MBA Planner App , School: Emory / Goizueta The Consortium for Graduate Study in Management, a national nonprofit devoted to increasing diversity in American business, this week announced the addition of a new one-year MBA pilot project for its members. The new One-Year MBA Program, which will be offered at Emory University’s Goizueta Business School, becomes the Consortium’s only accelerated offering. The Consortium seeks to increase diversity in business education and leadership by increasing representation of African Americans, Hispanic Americans and Native Americans in member schools and by extension in the ranks of business management. Through its Two-Year MBA Program with 17 partner institutions, the Consortium awards more than $19 million in full-tuition, merit-based MBA fellowships each year and has helped more than 6,000 underrepresented minority students earn their MBAs. More U.S. military veterans will receive scholarship support at the University of Chicago Booth School of Business beginning next year, the school announced this week. Beginning in September 2011, all veterans who qualify for the U.S. Department of Veterans Affairs Yellow Ribbon Program will receive $10,000 per year in scholarship aid from Chicago Booth. The Veterans Administration will provide up to $10,000 in additional funding. Previously, the school awarded only nine scholarships per year. Though many business school applicants know exactly what they want to do – and how much they hope to make – after they graduate from an MBA program, a surprising number apply to school without thinking about how they’ll pay for this expensive degree. While some students do foot the entire bill themselves or receive scholarship support from the school or an outside institution, the vast majority of MBA students borrow funds to cover their tuition and living expenses. With this in mind, we wanted to cover some very basic information on loans for the benefit of both recent admits entering school this fall and early birds entry just beginning to think about their applications for Fall ’11. . . . → Continue Reading Posted by Clear Admit on October 20, 2010, at 1:00 pm Posted in: Financial Aid , MBA News , School: INSEAD INSEAD’s entire MBA class will be offered loans to cover the cost of the MBA program as part of a new bond system financed in part by INSEAD alumni, the Financial Times reported this week. The Prodigy MBA Bond for INSEAD was listed on the Irish Stock Exchange last week, the culmination of a €50m “community education bond” developed by Prodigy Finance, an international education finance firm set up by three INSEAD alumni, according to the FT report. The plan, developed to provide financing to INSEAD students until 2015, relies on a bond system that takes into account students’ potential earnings as part of a predictive approach designed to reduce risk to investors. Posted by Clear Admit on July 21, 2010, at 1:00 pm Posted in: Financial Aid , MBA News , School: London Business School London Business School (LBS) announced last week that it has received a generous scholarship donation from an anonymous donor to support Brazilian students. The donation will support the Wili and Ilse Scholarship, a fund providing tuition assistance to students of Brazilian nationality who enroll in the school’s MBA program. “This gift will have a real impact on the lives of future generations of Brazilian students at London Business School,” Sir Andrew Likierman, dean of LBS, said in a statement announcing the donation. Likierman went on to thank the anonymous donor for his or her support, stressing that scholarships are critical in enabling LBS to attract and retain talented and deserving students from around the globe. According to a release from the school, LBS awarded more than 100 scholarships in the past year alone, totaling more than £1 million in student support. For a full list of scholarship opportunities at LBS, click here. How does diversity in management impact the bottom line? Women applying for the MBA program at Switzerland’s IMD Business School who submit their answers to that question could win CHF 25,000 (Swiss francs) toward tuition as part of a scholarship program announced earlier this month. The Nestlé Scholarship for Women was initiated by a group of IMD MBAs seeking to encourage more women to consider the degree. It was first awarded in 1997. One scholarship is awarded each year, with preference given to candidates from developing countries. To be eligible for consideration, candidates must gain admission to IMD prior to submitting their scholarship application and must demonstrate financial need. Interested applicants are invited to submit an essay of 750 words or less on the impact diversity in management can have on the bottom line. The IMD MBA Scholarship Committee will review all entries before selecting a winner. The deadline for essay submissions is September 30th. To learn more about the Nestlé Scholarship for Women at IMD, click here. |
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