Fellowships and Scholarships

MIT Sloan awards several competitive, merit-based fellowships and scholarships to incoming and second-year students. For incoming students, these awards are granted after a review process that is independent of your acceptance. Except for the Legatum Fellowship and the MIT Public Service Center Fellowships, which are awarded through the respective organization, admitted applicants are considered for all fellowships for which they are eligible.

Alvin J. Siteman (1948) Fellowship

The Alvin J. Siteman (1948) Fellowship provides graduate student support for African American candidates.

Class of 2004 Diversity Fellowship

The fund was established through the generous class gift donations of the MBA Class of 2004. This scholarship aims 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.

Elizabeth Monrad Fellowship

The Elizabeth Monrad Fellowship provides support for graduate students at MIT Sloan.

Exxon Education Foundation Fellowship

This fellowship is provided by the Exxon Education Foundation to support graduate students at MIT Sloan.

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 funds several Forte Fellowships each year.  All female applicants are automatically considered for these awards.

Gordon Family Fellowship

The Gordon Family Fellowship provides support for graduate students at MIT Sloan in alternate years.

Gustavo A. Pierini Fellowship

Gustavo A. Pierini Fellowship will be awarded to a student or students from Brazil or Argentina.  This award is given by Gustavo A. Pierini, MIT Sloan MS '87. Mr. Pierini is an Argentine citizen living in Brazil with a deep commitment to education and excellence. The intention of this fellowship is to improve access to an MIT Sloan education for the most deserving candidates from Argentina and Brazil.  Recipients will be identified based on exceptional applications and possible interviews.

John E. Jamerson (1977) Fellowship

The fellowship is for Sloan students with a preference for first year students with one or more of the following characteristics: is a graduate of one of the "Big Ten" schools, has demonstrated campus leadership and has participated in varsity athletics.

Legatum Fellowship

The Legatum Center for Development and Entrepreneurship offers 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 who demonstrate a commitment to starting a business in a low-income country after graduation. Please visit the Legatum Center website for more information and to apply.

Master's Fellowships

A limited number of Master'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. These fellowships are awarded to individuals who enhance the diversity of the MBA class.

McKinsey Award

McKinsey & Company awards scholarships of $10,000 each to up to four first-year MBA students at the 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 Award is open to all incoming MBA students at the 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 Award by checking the McKinsey Award 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 will be announced in early fall of the first semester.

Merit Awards

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. These awards include: the Seley Scholarship, the Henry B. DuPont III Scholarship, the Henry Ford II Scholarship, the Miriam Sherburne Scholarship, the Martin Trust Community Fellowships, and the Petersen Award.

In addition, the Siebel Foundation and the McGowan Fellowship program grant two other awards:

The Siebel Foundation gives five $35,000 scholarships to second-year students for academic achievement and outstanding leadership. There is an application process each spring, and awards are made in the summer after the first year to individuals who have achieved a GPA of 4.9 or higher and demonstrated leadership within the community.

The McGowan Fellowship program supports the development of exceptional corporate, social, and political leadership in the world. Ten fellows will be selected from the 20 top business schools (one per school) and will receive an award to cover the full cost of tuition in the second year. Eligible students must have a 5.0 GPA in the first year, demonstrated leadership and community engagement, and financial need, and are chosen based on the quality of their application essays.

Click here to learn about some of our current Merit Awards recipients. 

MIT-China Scholarship Council Fellowship (CSC) Program

Incoming 1st year graduate students accepted to an MIT graduate program 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 a standard stipend, full tuition, international round-trip airfare, and appropriate fees. 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 here

MIT Public Service Center Fellowships

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. MIT Public Service Center Fellowships.

MIT Sloan Social Impact Fellowships

The MIT Sloan Social Impact Fellowships 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. Sloan Social Impact Fellowships.

Peter Englander Fellowship

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.

Philip M. Condit (1975) Fellowship

The Philip M. Condit (1975) Fellowship provides graduate student support to Masters students at the MIT Sloan School of Management, with preference for MBA students who have graduated from high schools in Texas, are citizens of Texas at the time of application, and are US citizens. This fellowship was created to raise the visibility of MIT Sloan among Texans, to encourage students from Texas to apply, and to support the growth of a robust network in that state.

“My wife Geda and I believe in life-long education and we hope that this fellowship opens the door for a hard-working individual to achieve their dreams and become part of our country’s future success.  As Texas residents, we would like to offer this opportunity to an aspiring individual who can impact Texas and the United States.” -  Phil Condit, SF ‘75

Thomas J. Vincent (1968) Fellowship 

The Thomas J. Vincent (1968) Fellowship is for graduate students in the MIT Sloan School, with preference for students from underrepresented groups.

Thomas R. Williams (1954) Fellowship

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

Trust Graduate Management Fellowship

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.

Yellow Ribbon GI Education Enhancement Program

MIT Sloan offers scholarships on a first-come, first-served basis for veterans of the U.S. military that are matched dollar-for-dollar by the federal government. Yellow Ribbon GI Education Enhancement Program. For more information, please contact Jennifer Barba (jbarba@mit.edu).

Additional Resources

MIT’s Office of the Dean for Graduate Education website lists additional financial resources for graduate students.

 

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

“I can honestly say that when I was planning on coming to business school I never thought that witnessing the birth of a child would be included in the education. It was definitely an experience.”

Kelsey McCarty
MBA
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
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
SF
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
MBA
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
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
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
MBA
MIT LEADERSHIP CENTER Changing views of leadership

“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.”

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

“The concept behind enterprise architecture is that you have all these machines, you have all these business processes, you have all these people doing things, how do you make sure they all come together and achieve business objectives that make you more competitive.”

Jeanne W. Ross
Director and Principal Research Scientist, CISR
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
MBA
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
MBA
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
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
SF
$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
MBA
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
SF
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
MBA
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
MBA
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
MBA
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
MBA
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
MBA

“By training tomorrow’s leaders to manage the risks of the financial system effectively and ethically, we’ll have a fighting chance of surviving even the largest crises.”

- Andrew W. Lo
Charles E. and Susan T. Harris Professor of Finance