“The Finance Track provides the tools necessary to be successful short-term in recruiting and long-term in building a career in finance.”
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.
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.
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.
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 & 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.
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 ten $7,500 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 (firstname.lastname@example.org).
MIT’s Office of the Dean for Graduate Education website lists additional financial resources for graduate students.
“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.”
“[The India Lab] program is one of the reasons I came to Sloan. ... The hands-on learning that MIT offers was a huge differentiator.”
“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.”
“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.”
“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.”
"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."
“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.”
“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.”
“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!”
“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.”
“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.”
“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.”
“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.”
“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.”
“I actively work to get students to find teammates who think differently than they do. You can’t be successful in management if you only have a single point of view or a particular set of skills.”