Fellowships and Scholarships

MIT Sloan offers several fellowship options to our MBA students.

Dean's and Diversity Fellowships

About 30 Dean's and Diversity 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.

The Class of 2004 Diversity Scholarship

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 William Bowes Teach For America Fellowship

The William Bowes Teach for America Fellowship will award $50,000 each to a Teach for America alumnus/a entering MIT Sloan in 2009 and 2010. This award has been provided by the generosity of Mr. William Bowes and MIT Sloan. Any alumnus/a of Teach for America who is admitted by the MIT Sloan MBA Program will be considered for this fellowship. To apply, please indicate on your application that you are a Teach for America alumnus/a.

The Forte Fellowship

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 Legatum Fellowship

The Legatum Center for Development and Entrepreneurship is pleased to offer financial assistance to select entrepreneurial graduate students at MIT. Please visit the Legatum Center Web site for more information and to apply.

The McKinsey Award

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.

The Trust Scholarship

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.

Thomas and Lorraine Williams Fellowship

The Thomas and Lorraine Williams Fellowship is given to an MIT Sloan MBA student who graduated from Georgia Institute of Technology and who can demonstrate financial need.

The Peter Englander Fund

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.

Merit Awards

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. Additionally the Siebel Foundation gives five $25,000 scholarships to students for academic achievement and outstanding leadership.

Student voices: Donna Zhao, MBA ’11
"MIT Sloan really pushes you to go out and try different things. One of the things that impressed me when I was researching schools was the Sloan Innovation Period where you take a break from traditional classes and explore other topics." More >>