Fellowships

The main aim of the BOLD Fellows Fund is to provide financial assistance to students facing socio-economic hardships and further establish Stanford’s commitment to advancing diversity, equity, and inclusion.

The fund is a part of the IDEAL (Inclusion, Diversity, Equity, Access in a Learning environment) initiative that Stanford started in 2018 and began addressing with a strategic plan since 2021. 

The students admitted to the Stanford MBA program are only eligible for this fellowship program. 

The Toigo Fellowships have supported minority US MBA candidates entering the Finance industry for the past 30 years. 

With an alumni network of over 1300 professionals, the Toigo Fellowship, synchronized with a two-year MBA experience, features a curriculum structured around a fall commencement and a summer internship between the two years. 

Since the application process of most of the US-based schools coincides with the Fellowship, applicants can apply before getting accepted to an MBA program. 

Established in the 1990s, the Jefferson Fellowship Program shortlists outstanding candidates from around the world who exhibit strong leadership qualities. 

The Jefferson Scholars Foundation's measures look closely at instances of ethical leadership, diplomatic intervention and decisive action, a proven ability to translate ideas into action, and a stellar academic record. 

The Oculus Fellowships, started in 2020-21, recognizes exceptional leadership potential and academic competence in applicants. 

Named after the Oculus, the circular opening in the dome of the hall, the fellowships symbolize the impact of the presence of enlightened students in the university and the MBA program.  

Similar to most cohort-based fellowship programs, Oculus fellows enjoy exclusive access to famed Darden alum and receive mentorship from senior leadership and benefactors to the Oculus Fellowships.

Established in 1988 by Frank Batten, the founder of The Weather Channel and the former chairman of the Associated Press, the Batten Media Fellowships at Darden MBA aims to provide professionals with at least three years of experience in the news media with the opportunity to pursue an MBA. The program has welcomed Batten Media Fellows from renowned media outlets, such as ABC News, CNN, National Geographic, and The Washington Post. 

Zuckerman fellowships are targeted for MIT Sloan MBA candidates who are pursuing a public service degree from Harvard Schools.

Initiated by Mort Zuckerman in 2004, the fellowship covers public service degrees at Harvard Graduate School of Education, Harvard T. H. Chan School of Public Health, or Harvard Kennedy School.

Legatum Fellowships – Amount, Number of Awards and Criteria

Legatum Fellowships are targeted for students interested in starting a venture in an Emerging market. Since the establishment of the Fellowship, 300 MIT Fellows have benefited from it.   

Duke University's Fuqua School of Business founded the CASE Program in 2001 to study and share best practices of social entrepreneurs specializing offering solutions in social and environmental issues.

To apply for the emerging economy fellowship, applicants must use the Wharton Business School's standard online application process.

Amount: Full Tuition Fee plus additional support for education-related expenses and a living allowance.

The third part of the Harvard MBA series covers scholarships, fellowships, loans, and financial aid. Read the first part – Harvard MBA Class Profile Trends and Total Fee, and the second part – Harvard MBA Curriculum Analysis.

Robert S. Kaplan - the Martin Marshall Professor of Practice at HBS established the Robert S. Kaplan (MBA 1983) Life Sciences Fellowship in 2008. As the Former CEO of the Federal Reserve Bank of Dallas and vice chairman of the Goldman Sachs Group, Inc, Professor Kaplan established the fellowship to assist Life Sciences Master’s students gain the expertise and support to start a Life Science venture.

John H. McArthur Canadian Fellowship  

The John H. McArthur Canadian Fellowship is named after the former dean of Harvard Business School (1980-1995) and British Columbia native John H. McArthur.

The Black Family Fellowship for Veterans

Administered by the Center for Public Leadership at the Harvard Kennedy School, The Black Family Fellowship supports U.S. veterans and active-duty military students pursue advanced degrees.

Junior Achievement Fellowship – Harvard MBA

Theodore Vail, president of American Telephone & Telegraph, Horace Moses, president of Strathmore Paper Co., and Massachusetts Senator Murray Crane launched Junior Achievement in 1919.

The Horace W. Goldsmith Foundation and Richard L. Menschel (MBA 1959) established the Horace W. Goldsmith Fellowship in 1988 to support students from the nonprofit sector to pursue an MBA at HBS.

Fellowship is offered only in the first year in addition to any need-based fellowship awards.

The John C. Phelan (MBA 90) Forward Fellowship was established in 2018 at Harvard Business School to encourage candidates from diverse socioeconomic backgrounds to target prestigious institutions like Harvard.

Harvard Business School has a unique fellowship - The Recognizing Individuals Seeking Equity (RISE). The fund is designed to support MBA candidates with consistent, long-standing, and demonstrable IMPACT on underrepresented communities of color in the United States, serving Black/African American, Hispanic/Latinx, and other underrepresented communities within the US.

Finance candidates have a wide range of fellowship options in top schools. One such opportunity is the Orbis Investment Management fellowship that supports candidates for a career in Investment Management. The function is a fast-declining niche in Finance, with candidates showing preference for the lucrative VC and PE functions.

In the third part of the Stanford MBA series, we cover scholarships, loans, and financial aid. Read the first part – Stanford MBA Class Profile Trends and Total Fee, and the second part – Stanford MBA Curriculum Analysis.

MBA programs in Japan are rare. Applicants often target M7 schools. For such students, Uniqlo - the Japanese Retailer, initiated a fellowship to support education in two Harvard University schools – Harvard Business School and the Harvard University Graduate School of Design.

The fellowship is targeted for students with no corporate sponsorship.

The Kilts Marketing Fellowship at the University of Chicago Booth School of Business, established in 2006, is named after James M. Kilts, a distinguished alumnus instrumental in selling Gillette to Procter and Gamble for $57B.

Awarded annually, the Kilts Marketing Fellowship supports all three Booth MBA programs -Full-Time, Evening and Weekend.

Karen and Michael Herman established The Herman Family Fellowship for Women Entrepreneurs in 1995 to support female students with entrepreneurial aspirations. In addition to financial aid, the fellowship offers exclusive access and networking opportunities to annual reunions sponsored by the Herman family and the Polsky Center for Entrepreneurship and Innovation.

Established in 1998, the Canfield Private Equity Fellowship supports applicants with a demonstrable interest in continuing or entering the Private Equity function. The award is named after Phil Canfield, an alumnus of the University of Chicago Booth School of Business with an MBA in 1996.

In the third part of the Tuck MBA series, we cover scholarships, fellowships, sponsorship, loans, and financial aid. Read the first part – Tuck MBA Class Profile Trends and Total Fee, and the second part – Tuck MBA Curriculum Analysis.

In the third part of the UNC MBA series, we cover scholarships, fellowships, loans, UNC NC Residency (Funding option), and funding for US nationals and international students. We hope you have read the first part – UNC MBA Class Profile Trends and Total Fee, and the second part – UNC MBA Curriculum Analysis.