The fellowships at Stanford for social IMPACT candidates are divided into two phases - MBA and post-MBA.
1. MBA Phase
2. Post-MBA Phase
1. MBA Phase (Fellowship)
For the MBA phase, the summer internship is the primary vehicle through which students gain in-depth functional and industry knowledge.
The challenge for social IMPACT candidates is remuneration. Most of the clients are non-profits that cannot afford to pay internship salaries.
Stanford offers MBA summer fellowships to manage the pay gap.
The MBA Summer fellowship fund is allocated through two channels – the Social Management immersion fund and the IMPACT Design Immersion Fellowship.
Social Management Immersion Fund (SMIF)
SMIF funds 8-to-10-week engagement on projects that tackle social and/or environmental issues. Since its founding, SMIF has funded 800 fellows spread across 400 organizations from non-profits, government agencies, and for-profit businesses with social impact goals.
IMPACT Design Immersion Fellowship (IDIF)
IDIF, is an 8-week program that offers support and guidance for the fellows to develop innovative solutions that have long-term or intergenerational IMPACT.
Previous winners of IMPACT Design Immersion Fellowship were working on:
• Affordable insurance
• Fintech for low-income families
• Learning for the aged population
• Elderly care through technology
• Mental health for low-income families
• Patient-focused healthcare delivery for chronic kidney disease patients
• Developing energy-efficient heat pumps
• Increasing diversity in the Finance industry.
Post-MBA Phase (Fellowship)
MBA graduates pursuing careers in social or environmental impact after graduation primarily have two options:
Stanford Impact Leader Prizes (SIL)
The $20,000 SIL prize is open to 1 to 5 second-year MBA and MSx students who must prove their employment in an organization pursuing social or environmental goals on graduation.
Stanford Impact Founder Fellowships and Prizes
One $110,000 fund is awarded to candidates with strong leadership potential to start a for-profit or non-profit venture in addressing a relevant social or environmental cause. All finalists are also eligible to earn the $20,000 SIL awards.
Related: Stanford MBA Fellowships and Scholarships, Stanford MBA Total Cost
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