MIT Sloan awards several competitive, merit-based fellowships and scholarships to incoming and 2nd year students. For incoming students, these awards are granted after a review process which is independent of your acceptance. Except for the Legatum Fellowship and the MIT Public Service Center Fellows, which are awarded through the respective organization, admitted applicants are considered for all fellowships for which they are eligible.
A limited number of Dean's Fellowships are available to first-year students, ranging from $5,000 to full tuition and are awarded to admitted candidates of all citizenships and academic backgrounds. All admitted candidates are considered for these fellowships. Fellowships are awarded to individuals who enhance the diversity of the MBA class.
The fund was established through the generous class gift donations of the MBA Class of 2004. The purpose of this scholarship is to attract students to MIT Sloan with unique work experiences, educational endeavors, or national backgrounds that are less represented at MIT Sloan. The Class of 2004 established this scholarship knowing that the overall MIT Sloan student experience is enhanced by having a widely diverse student population.
The Forte Fellowship is awarded to outstanding female candidates who demonstrate leadership in their community, academic institution, or place of work.
MIT Sloan is a sponsor of the Forte Foundation. As part of its commitment to the advancement of leadership in business, MIT Sloan offers two Forte Fellowships each year worth half tuition for two years. Additional $1,000 to $5,000 Forte awards are awarded depending upon additional funding. All female applicants are automatically considered for these awards.
The Trust Family Foundation has established a scholarship that provides tuition for a first-year MIT Sloan MBA student who graduated from Cooper Union within the past seven years. To be considered for this scholarship, you must demonstrate financial need.
The Thomas and Lorraine Williams Fellowship is given to an MIT Sloan MBA student who graduated from Georgia Institute of Technology and who demonstrates financial need.
MIT Sloan alumnus, Peter Englander, SM '77, Director of Apax Ventures in London, has provided a fellowship in the amount of $25,000 to an incoming MBA student from the United Kingdom. Peter was himself a recipient of a fellowship from the Kennedy Foundation that made it possible for him to study at MIT Sloan.
McKinsey awards scholarships of $10,000 each to up to four first-year MBA students at MIT Sloan School of Management. The award recognizes MIT Sloan students with an outstanding record of academic achievement, demonstrated drive and personal impact and distinctive leadership in professional, community or campus activities.
The McKinsey Scholarship is open to all incoming MBA students at MIT Sloan School of Management regardless of professional experience and interest. All MIT Sloan graduate applicants are encouraged to apply. Each applicant must indicate interest in applying for the McKinsey Scholarship by checking the McKinsey Scholarship box on the MIT Sloan application.
The McKinsey Award Committee will select the scholarship recipient(s) based on MIT Sloan application materials, possible in-person interviews, and other relevant information, emphasizing academic excellence, drive and personal impact and professional, campus or community leadership. McKinsey & Company will notify the winner(s) directly and the awards are announced in early fall of your first semester.
In the second year of study, the MBA Program Office awards a variety of team and individual MBA Achievement Awards ranging from $1,000 to $10,000. These merit-based awards recognize outstanding student contributions and leadership in the MBA community. Some of these are: Seley Scholarship, Henry B. DuPont III Scholarship, Henry Ford II Scholarship, Miriam Sherburne Scholarship, Martin Trust Community Fellowships, and The Petersen Award.
In addition, there are two other awards granted by the Siebel Foundation and the McGowan Fellowship Program:
MIT Sloan offers 10 $5,000 scholarships on a first-come, first-served basis for veterans of the U.S. military which are matched dollar-for-dollar by the federal government. For more information, please contact Barry Reckley (breckley@mit.edu).
The MIT Sloan Social Impact Fellowship provides funding to a limited number of MBA students taking on important societal challenges during their summer internship period. Students apply in April of their first year and awards are announced in early May. Funding is provided by the Dean’s Office and contributions from classmates.
Incoming 1st year graduate students accepted to an MIT graduate program to pursue a terminal master’s degree or doctoral degree and who are citizens of the People’s Republic of China are eligible to apply to this fellowship. The MIT-CSC Fellowship Program provides fellowships consisting of funding which covers: (i) a standard stipend, (ii) full tuition, (iii) international round-trip airfare, and (iv) appropriate fees. For CSC Fellows who are pursuing a terminal master’s degree, the CSC Funding Period shall be one year (12 months) of full support. For CSC Fellows who are pursuing a doctoral-track degree, the CSC Funding Period shall be two years (24 months) of full support.
Applications to participate in the MIT-CSC Fellowship Program should be submitted by candidates directly to the CSC. There are two separate rounds for application submission for 2012: March 1-20, 2012 and May 20-30, 2012. Please note that the 2nd application window is open only to those currently not abroad. Interested candidates must apply at: http://apply.csc.edu.cn/csc/main/person/login/index.jsf
Public Service Fellows play a leading role in developing and implementing their service projects. Fellows must work in collaboration with a supervisor in a community organization that will benefit from their work in the long term but Fellows typically take a consultant or partnership role with their supervisors, rather than working directly for them. MIT students who are developing their own non-profits or social enterprises may also apply for Fellowships to support them in this process.
The Legatum Center for Development and Entrepreneurship is pleased to offer financial assistance to select entrepreneurial graduate students at MIT. Their application process is separate from MBA Admissions. The fellowship is open to all MIT graduate students and you must also demonstrate a commitment to starting a business in a low-income country after graduation. Please visit the Legatum Center Web site for more information and to apply.
MIT’s Office of the Dean for Graduate Education Web site lists additional financial resources for graduate students.
© 2012 MIT SLOAN SCHOOL OF MANAGEMENT
