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.
When will the Toigo MBA Fellowship be considered Cancelled?
Application to the Toigo Fellowship Program is possible without a confirmed acceptance, but Fellows must be enrolled in an MBA program before the summer programming commences. Otherwise, the candidate's membership is cancelled.
Are joint degree applicants eligible for the Toigo Fellowships?
While MBA candidates make up the majority of the Toigo Fellows, the Fellowship is also available to diverse graduate students pursuing combined degree programs with the MBA, including Real Estate, Public Policy, or JD.
Amount: Partnership Model
While the Toigo Fellowship itself isn't a scholarship, Toigo Fellows have the opportunity to apply for collaborative partner awards sponsored by corporate partners.
Toigo invests up to $10,000 in each of the Fellows' leadership development and career guidance. This investment includes a recognition award for first-year Fellows as well as extra awards for second-year Fellows for outstanding service and leadership.
The corporate partners are diverse.
For instance, PREA – the pension real-estate association, has allocated $10,000 annually to the TOIGO foundation to fund 2 MBA fellows working in real-estate financing. These awards are targeted for real-estate candidates pursuing an MBA in top US Business Schools, including Wharton, Harvard, Columbia, Ross, Yale, Duke Fuqua, Stanford, Cornell, Haas, MIT, and Booth. They are not limited to Top 15 US schools. USC and Southern Methodist University participants were also among the latest recipients of this award.
Similar collaboration exists with multiple corporate partners through the collaborative partner awards. Typically, these are industry associations.
Number of Awards: 65-95
Criteria/Eligibility: To be eligible for the Toigo Fellowships, candidates must:
• Have a post-graduation focus on finance-related fields
• Enrolled in an accredited US-based 2-year full-time program
• US citizen or a permanent resident (incl. non-US)
• Preference for minorities defined by the US Department.
Strong entrepreneurial interests are considered on a case-by-case basis.
The fellowship is open to individuals from diverse finance backgrounds, including private equity, impact investing, investment banking, investment management, and public careers (pensions).
Essays: NA
Process: Candidates who are chosen to move on to the next phase will be invited to attend MBA Catapult, which is required to be considered a finalist for the Toigo MBA Program, the name of the fellowship.
Finalists will be required to submit brief video interviews after attending MBA Catapult.
What is the MBA Catapult?
MBA Catapult is a multi-day event that allows finalists for the Toigo MBA Program to meet and interact with the Toigo team. Around 80 people will be chosen from among the more than 300 participants for the Toigo MBA Program.
What does the TOIGO program offer:
The Toigo Program's first-year "Foundations Track" equips fellows with essential tools for a successful financial services career, providing technical training, modeling skills, and career management coaching.
Fellows engage with the Toigo network to explore career options and focus on summer internships.
Leadership Development at TOIGO (2nd Year)
In the second year, the "Leadership Track" enhances leadership capacity through coaching and specialized programs, deepening sector knowledge with expert-led master classes. Customized programs and coaching prepare for the transition to a full-time role post-MBA.
Deadline: March 15th
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