Additional Sources of Financial Assistance

Additional Financial Sources at MIT Sloan MBA

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.

BCG Fellows Scholarship

This is an opportunity to learn about the Boston Consulting Group and what makes them unique.  The scholarship program includes monetary awards of up to $5,000 and individual mentorship by BCG consultants.  In order to be eligible for this program, applicants must currently reside in the United States or Canada and matriculate in a qualifying full-time MBA program beginning in summer or fall 2015.  Candidates must submit an application form and resume no later than 5pm ET on May 15, 2015.  For more details and to apply, please visit  If you have questions, please reach out to BCG at:

Diversity Jobs Scholarship Program’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 the 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.

Fundaçao Estudar

Provides scholarships to qualified Brazilians attending a graduate program. Further details are available on this website.

Instituto Ling

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 or

Just Jobs Scholarship Program’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’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)

The OPEC Fund for International Development (OFID) provides an annual Scholarship Award to support a student from any developing country to pursue higher education in a relevant field of development. Through this scheme, OFID aims to support highly motivated, academically driven individuals to overcome the cost of advanced professional or graduate study. Winners of the OFID Award receive a full scholarship covering academic fees and living costs for a one year period of Master's degree study.  For more information please visit

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.

Serge Bellanger French-American Business Student Scholarships

Applicants must meet the following criteria: be an American national attending an MBA program in France, or a French national attending an MBA program in the U.S.; be applying to an MBA or equivalent program (troisieme cycle) for 2014-2015; intend to pursue a career in the international business community; have been accepted to a qualifying program.  Scholarships will be for $10,000. Although this is a merit-based scholarship program, financial need will be taken into consideration.  To be considered for a Bellanger Scholarship, all application materials (listed on the Application Instructions) must be mailed to the French-American Chamber of Commerce Foundation and be postmarked no later than April 15, 2014. Visit the website for forms and more information.

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:

Additional Resources

MIT's Office of the Dean for Graduate Education website lists some financial resources outside MIT that are specifically geared toward international students.

G-LAB: AIDS IN TANZANIA Striving for economic empowerment

“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.”

Krishna Venugopalan
G-LAB: NAM MEE BOOKS, THAILAND Helping a book publisher mature

“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.”

Lia Cavalcante
SLOAN FELLOW Merging disciplines for climate change
"I needed to get a better understanding of the interaction of management and technology. And I think MIT is an obvious place for that. There’s probably no better place in the world [for learning] how technology and management interact."
Pascal Marmier
G-LAB, KUALA LUMPUR Assessing the future of the Smart Card
"You have to manage what you can deliver for the company and what the company is expecting. The bottom line is that the CEOs of those companies want results. Even though we have to work five months in a row with the project, we have to deliver. This experience is more pragmatic than academic. It's a good opportunity to match those two worlds."
Camilo Syllos
MIT LEADERSHIP CENTER Changing views of leadership

“We are very much an action-learning environment. The way to learn leadership is not only through reading cases, not only through learning theory — in fact we don’t want people to regurgitate the theory. We want people to take theory and to live it, use it.”

Deborah Ancona
Faculty Director, MIT Leadership Center
CENTER FOR INFORMATION SYSTEMS RESEARCH Bringing people and machines together

 “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.”

Jeanne W. Ross
Director and Principal Research Scientist, CISR
G-LAB, RAS RESORT, INDIA Marketing in Mumbai
"The network of alumni was helpful because our team had a lot of experience in consulting, but not in private equity."
Gerardo Guzman
INDIA LAB: EDUCATIONAL ENHANCEMENT Creating employable workers to boost the economy

“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.”

Ted Chan
G-LAB: PRIVATE HEALTH CARE IN AFRICA Defining growth at a for-profit clinic

“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.”

Anne Reilly
SWITZER FELLOWSHIP WINNER JASON JAY Focusing on environmental research and leadership

 “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.”

Jason Jay
Lecturer, Sustainability, MIT Sloan
LEADERS FOR GLOBAL OPERATIONS Connecting management and technology
“[LGO students] get the advantage of a small cohort. But they’re also part of the larger community. They’re part of MIT, of MIT Sloan, of the MBA program. They’re part of the core program that meets every fall, they’re part of the engineering committee; they get the benefits of both the larger community and the small cohort.”
Don Rosenfield
senior lecturer and director of the Leaders for Global Operations
INSTITUTE FOR WORK AND EMPLOYMENT RESEARCH Adapting to the changing nature of work

“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.”

Thomas Kochan
Co-director, IWER
$100K WINNERS: C-CRETE TECHNOLOGIES Reducing the environmental impact of concrete

“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.”

Natanel Barookhian
G-LAB: WARMBATHS HOSPITAL, SOUTH AFRICA Improving staffing at a maternity ward

“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.”

Kelsey McCarty
SLOAN FELLOW Getting serious about going global
"I had interviews and visited other business schools, and it’s nothing like the environment that we have here at MIT Sloan."
Abner Oliviera
INDIA LAB: BANGALORE Working toward market expansion

“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.”

Katie Baron
COURAGE AND STRENGTH Supporting a student with breast cancer
"The Sloan community really rallied around me in a way that I totally didn’t anticipate. … It was just really nice to be a part of a community that I was totally comfortable in and felt completely supported by."
Kyle Maner
G-LAB: INTERGRUPO, COLOMBIA Growing a business by cultivating relationships

"After we gave our recommendations, the great part was that the very next day the CEO was in the boardroom implementing them with his top vice presidents."

Ramy Hakim
G-LAB: MERCY CORPS, INDONESIA Using business principles to address malnutrition

“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!”

Libby Putman
RETAIL AND CONSUMER GOODS Luxury beauty and the multicultural consumer
"The goal of the Retail and Consumer Goods Club is to provide networking opportunities for students at MIT Sloan, and to educate students about different functions within the retail and CPG space. We bring in executive-level speakers to educate our community on this topic."
Nga Phan
MBA, co-president of Retail and Consumer Goods Club
S-LAB: JAKARTA WATERSHED Combating a clean water crisis

“You could talk about watershed management and conservation of energy all you want. But until you put numbers to it and financial analysis to it, you’re not going to get much done. I came to business school to speak that language, speak with people in terms of numbers, financial numbers so that I can get projects done.”

Ian Lavery

“I took finance courses from Nobel laureates Franco Modigliani, Myron Scholes, and Robert Merton. That unbelievable experience led me to seek a PhD in finance and build a consulting and money management business that utilized options and hedging insights first taught to me by those legendary professors at MIT Sloan.”

- Douglas Breeden, SB’72
MIT Sloan Visiting Professor of Finance, Chairman Emeritus and Co-Founder, Smith Breeden Associates