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Additional Sources of Financial Assistance
Belgian American Educational Foundation Fellowship
Candidates who are Belgian citizens applying to the MBA program may be awarded a conditional grant of up to $100,000 as an interest-free loan which must be repaid within five years after graduation. The grant covers tuition and compulsory fees including health insurance for two academic years of study in residence at a U.S. business school. In order to be eligible for this fellowship, the following are the requirements: must be a Belgian citizen, hold at least a Master’s degree from a Belgian University, have an outstanding academic record, have some evidence of meaningful work experience, and have a good command of the English language. Deadline for Application: Before May 1 for studies during the following two academic years. Further information can be obtained by visiting the BAEF website.
Diversity Jobs Scholarship Program
DiversityJobs.com’s new scholarship program for diversity and minority students awards $3,000 once annually to currently enrolled undergrads or graduate students from registered schools in the US. The deadlines is April 30, 2014 and there is no application fee. The recipients of the scholarship will be determined by DiversityJobs’ Scholarship Committee and will be announced the month following the scholarship deadline. Check out our blog of all previous award winners. Further details and the application form are available on the DiversityJobs Scholarship Program website.
Eduarda Justo Foundation (Consentino Group)
Provides scholarships to outstanding MBA students from Spain; preference is given to students from Almería. The scholarship covers tuition, monthly allowance of 1,600€ (for housing, books, and supplies); travel and initial expenses of 1,000€ and 2,000€, respectively. Further information may be obtained by visiting the foundation's website. Deadline is in March.
Fulbright New Zealand Graduate Awards
The Fulbright-Platinum Triangle Scholarship in Entrepreneurship is for a talented New Zealander in a knowledge economy-related field to complete a master's degree at a U.S. university and to gain professional work experience in the U.S. and in New Zealand. The fellowship covers the cost of university attendance for two years (up to $100,000), basic health and accident insurance, internship, etc. Further details are available on the Fulbright New Zealand website.
Provides scholarships to qualified Brazilians attending a graduate program. Further details are available on this website.
Instituto Ling is a non-profit association founded in 1995 by the Ling family, in Porto Alegre, Brazil. Its mission is to contribute to the social, economic and cultural development of Brazil by creating opportunities through investing in education. Its proposal is to support Brazilians who demonstrate leadership potential and adherence to capitalism, free markets, and the rule of law principles. In 17 years of activities, Instituto Ling has invested more than US$ 3.1 million to partly finance costs of MBA, MPA, LLM and Master courses in Journalism in some of the most reputable universities in the world, including MIT Sloan School of Management.
Instituto Ling’s fellowships are open to all Brazilian students who have been accepted to top schools. Required documents include the candidate's CV, GMAT results, admission letter from the university, and the application, including essays. The candidate must provide information on his/her family’s financial condition, in order to prove financial need. The candidate’s leadership skills and affinity to Instituto Ling’s values are also evaluated. For further information, please contact Instituto.firstname.lastname@example.org or www.institutoling.org.br.
Just Jobs Scholarship Program
JustJobs.com’s new scholarship program awards $3,000 annually to currently enrolled undergrads or graduate students from registered schools in the US. The deadline is April 30, 2014 and there is no application fee. The recipients of the scholarship will be determined by JustJobs’ Scholarship Committee and will be announced the month following the scholarship deadline. Check out our blog of all previous award winners. Further details and the application form are available on the JustJobs Scholarship Program website.
LatPro Scholarship Program
LatPro.com’s new scholarship program for Hispanic students awards $3,000 once annually to currently enrolled undergrads or graduate students from registered schools in the US. The deadlines is April 30, 2014 and there is no application fee. The recipients of the scholarship will be determined by LatPro’s Scholarship Committee and will be announced the month following the scholarship deadline. Check out our blog of all previous award winners. Further details and the application form are available on the LatPro Scholarship Program website.
Mohammed bin Rashid Al Maktoum Fellowships
Awarded to nationals of the 22-member countries of the League of Arab States who demonstrate leadership, dedication, and commitment to the Arab World's human and socio-economic progress. This fellowship covers tuition fees, books, round-trip coach ticket, and monthly stipend for housing, living, and insurance. The amount of the award varies and will be announced at the time the fellowship is awarded. The deadline for the fellowship is June 30 of the calendar year that you will start your MBA studies. Application details about this fellowship are available from the foundation's website.
National Society of Hispanic MBAs (NSHMBA) Scholarship Program
This scholarship provides financial assistance to outstanding Hispanic Americans pursuing an MBA. The amount of the award varies and includes travel reimbursement for attending the NSHMBA Annual Conference and Career Expo. For eligibility and program guidelines, please visit NSHMBA Foundation website.
OPEC Fund for International Development (OFID)
Paul and Daisy Soros Fellowships for New Americans
Awarded to graduate students who are naturalized U.S. citizens, legal permanent residents, and children of two naturalized U.S. citizen parents. The fellowships provide opportunities for continuing generations of able and accomplished New Americans to achieve leadership in their chosen field. Recipients receive a grant of $20,000 and one-half of the annual tuition fee. Details of this fellowship are available from this website. Deadline for submitting an application is in November.
The Robert Toigo Foundation Fellowships
The Toigo Foundation offers fellowships to members of U.S. minority groups who are committed to a career in finance. The foundation selects over 60 first- and second-year minority MBA students as Toigo Fellows. For further information about the Robert Toigo Foundation Fellowships, please visit this website. Deadline is in March.
The Sainsbury Management Fellowships (SMF)
The scheme is administered by the Royal Academy of Engineering and provides scholarships to talented young engineers with leadership potential to study for an MBA degree. The scholarship covers the first-year tuition fee and, upon completion of the MBA, the engineers become members of the SMF Society. Applications may be submitted at any time, but at least four months prior to the start of the MBA program. Application details are available here.
TALENTIA Fellowship Program
TALENTIA Fellowship Program, an initiative by the Ministry for Innovation, Science and Enterprise in Andalusia, Spain, provides postgraduate scholarships to students from Andalusia allowing them to study abroad in selected institutions. Talentia Fellowships are addressed to university graduates with outstanding intellectual and human excellence, an international profile, and commitment to the development of Andalusia. Applicants are evaluated for outstanding academic and professional merit, plus social commendations, as well as their proposed career and professional return plan. Applicants must have citizenship from a European Union member state, connection with Andalusia, and EU undergraduate degree. For more information contact Sociedad para el Impulso del Talento, TALENTIA SLU on this website.
USLO Minority Student Entrepreneur Scholarship
Minority student entrepreneurs who want to or have already started a business are eligible for this $1000 scholarship. Students must be in high school or full-time undergraduate or graduate students in a U.S. college. The deadline is April 15th. More information is available online: http://www.usleaseoption.com/scholarship.php
MIT's Office of the Dean for Graduate Education website lists some financial resources outside MIT that are specifically geared toward international students.
“One of the reasons I came to Sloan was because I wanted to be at a top MBA institution worldwide. But I also wanted access to working with the latest innovations and the highest technology that was coming out of the MIT labs.”
“Our mission, along with the mission of MIT Sloan, is to both develop leaders who make a difference in the world, and also to make a contribution to thinking about the topic of leadership.”
“It was really rewarding that they wanted to know what we thought. We left there being fairly certain that they will do some of the things that we suggested.”
“At MIT Sloan you have a lot of opportunities to explore entrepreneurship. Especially in a place like Kampala where you have a lot of development, entrepreneurship can be very exciting.”
“We’re very interdisciplinary. Among the faculty in the group are an economist, a political scientist, a sociologist, and an industrial relations specialist. We’ve always made a big effort to be open to a variety of perspectives, but also to go beyond being open to them, to want to bring them in, because it makes for a richer environment.”
“These companies are really excited to work with MIT students.They reach out to the community to set up these projects and are great to work with. They give us access to all their resources and are very open to us.”
“I came to Sloan because of its high rankings within the sustainability community, specifically the professors. The S-Lab class itself is part of what drew me to Sloan. And the reason I came to business school was to learn the business speak that really is what connects with people."
“The conditions in the neighborhoods we were visiting were different than what we realized before getting there. Beyond that, what was surprising was that there weren’t surprises!”
“I love being in a place that is such a nexus of people and ideas — people coming to learn something new and to define themselves. Being a part of that process is a real honor and a real gift.”
“Because of the diversity of our backgrounds, when we hit the ground in Tanzania it almost was a natural play where different people assume different roles.”
“I knew about American business, but not enough about what’s really become a global economy. … You can read about it all you want, but there’s no substitute for being there and seeing the context and seeing how completely different these [other countries] are.”
“For 35 years, we’ve been studying how companies get value from information. … We try to help organizations take a more holistic view of what they are trying to do.”
"The relationships that we forged helped us to turn out a better project. We were able to test our hypotheses with the people that we spoke with every single day. And really, I think the friendships that you develop really propel the work that you’re doing."
“The assistant to the CEO was like our host mom while we were there. She arranged our housing for us, she took us out to her friend’s game farm, and we got driven around in 4x4s. She was just wonderful to meet, and we developed a personal as well as professional relationship with her.”
“I learn from what I do on the outside, I bring it back into my classrooms, and I bring it back into interpreting my research. It informs my research, and my research informs my practice.”