Manhattan Review Blog

Monthly Archives: September 2008

In our research about full-tuition scholarship at business schools outside of the US, we found that quite a number of business schools offer partial tuition scholarships that also significantly cut the costs of a management education. We couldn’t keep this information to ourselves!

London Business School – London, England

Number of partial scholarships available: Over 30 different scholarships

Average class size for full-time MBA program: about 205

How to apply:  Some are awarded solely on consideration of the original MBA application. Others require submission of additional material. Many scholarships are based on the candidate’s country of origin. A number of scholarships are available solely to female candidates.

Lancaster University Management School – Lancaster, England

Number of partial scholarships available: 3 different types

Average class size for full-time MBA program: about 40-50

How to apply:  Only awarded to candidates who have been awarded a place in the program with the submission of general application and evidence of exceptional leadership qualities. One particular scholarship is designed for German-speaking students and sponsored exclusively for members of the German website e-fellows.net.

IESE Business School, University of Navarra – Campuses in Barcelona and Madrid, Spain

Number of partial scholarships available: about 15 different types of scholarships, 1 of them is awarded to 20-30 students per year

Average class size for full-time MBA program: about 215

How to apply: No separate scholarship application is required although some scholarships are awarded to strictly to female candidates, candidates from developing countries, or candidates from Asian countries.

INSEAD - Fontainebleau, France

Number of partial scholarships available: about 45 different types of scholarships

Average class size for full-time MBA program: 830

How to apply: For most of the scholarships, no separate scholarship application is required. Some are based on merit and some based on financial need.

Copenhagen Business School – Copenhagen, Denmark

Number of partial scholarships available: 18 scholarships for students from outside the EU/EEA

Average class size for full-time MBA program: about 40

How to apply: No separate application or additional materials necessary to be eligible. Students receiving a scholarship may not receive a scholarship from their home country or be entitled to a state education grant or any other public support in Denmark.

International Institute of Management and Development (IMD) – Lausanne, Switzerland

Number of partial scholarships available: 7

Average class size for full-time MBA program: 90

How to apply: Accepted candidates for the program are considered for most of the scholarships.

In this article, we wanted to expand on the list of US business schools to provide information for students interested in pursuing their management education outside of the US. Many top non-US business schools are also very generous with full-tuition fellowships and scholarships.

Below is our compiled list (for more information on the scholarship offering, click on the names of each school):

The Rotman School of Management, University of Toronto – Toronto, Canada

Number of fellowships awarded each year: : 8 in total

- 5 general full-tuition scholarships

- 1 for the top Canadian male applicant

- 1 for the top Canadian female applicant, and

- 1 for the top international student

Average class size for full-time MBA program: 264

How to apply: No separate scholarship application is required. Candidates are automatically considered for scholarships during the application review.

HEC Montreal – Montreal, Canada

Number of fellowships awarded each year: about 6

Average class size for full-time MBA program: 175

How to apply: No separate scholarship application is required.

Nyenrode Business Universiteit - Breukelen, the Netherlands

Number of fellowships awarded each year: 12 in total

- 5 for students of any nationality

- 7 for students from specific regions/countries including Mexico, Vietnam, China, and Indonesia

Average class size for full-time MBA program: Not listed

How to apply: No separate scholarship application is required.

Rotterdam School of Management, Erasmus Graduate School of Business - Rotterdam,the Netherlands

Number of fellowships awarded each year: 4

Average class size for full-time MBA program: 350

How to apply: No separate scholarship application is required.

Melbourne Business School, University of Melbourne – Melbourne, Australia

Number of fellowships awarded each year: 3 in total

- 2 for students who are descended from, identify with, and are accepted by a designated Australian Indigenous community and

- 1 for an international student

Average class size for full-time MBA program: 90

How to apply: All successful MBA candidates are automatically considered for scholarship support and successful candidates are notified as part of the admissions process.

Westminster Business School, University of Westminster – London, England

Number of fellowships awarded each year: Not announced

Average class size for full-time MBA program: Not announced

How to apply:  Selection is based on excellent scholastic record in undergraduate studies and/or evidence of excellence in previous employment, business and community service. International applicants from developing countries are considered.

China Europe International Business School – 3 campuses in China: Shanghai, Beijing, Shenzhen

Number of fellowships awarded to 2008 entering class: 6

Average class size for full-time MBA program: 196

How to apply:  Selection is based on financial need.

The programs above also all offered numerous partial scholarships. So, again, we say-do NOT be scared of tuition prices! Inquire at your dream schools to find out about their scholarship offerings.

Most of us think that getting a management education simultaneously means earning an MBA and accumulating a large amount of debt in student loans. Inspired by a recent article from BusinessWeek which challenged this notion with a report on full-tuition fellowships, we performed extensive research and data collection on our own and summarized our findings in three segments.

Today, we will present key data of full-tuition fellowships from many of the top US management programs including Berkeley’s Haas, Columbia, and University of Chicago. In the next two articles, we will cover major non-US schools.

During your application process, do not overlook these fellowships. Many schools usually require one extra essay or interview to be eligible for a two-year, full-tuition fellowship. The list of fellowships at the schools below may surprise you.

University of Chicago

Number of fellowships awarded to 2008 entering class: 11

Average class size for full-time MBA program:  550

How to apply: Most admitted applicants are automatically considered at the time of the application, but many have additional required interviews as part of the final selection process. All of the fellowships have a mentoring component.

Columbia

Number of fellowships awarded to 2008 entering class: About 25

Average class size: 1,196

How to apply: Automatically considered with application

Harvard

Number of fellowships awarded to 2008 entering class: 25

Average class size: 918

How to apply: Scholarships are awarded based on financial need. To apply, complete and submit a financial aid application upon admission

California Berkeley Haas

Number of fellowships awarded to 2008 entering class: 14

Average class size: 250

How to apply: For most of the fellowships, students automatically quality with application. For one particular fellowship, an additional essay is required.

MIT Sloan

Number of fellowships awarded to 2008 entering class: 10-12

Average class size: 375

How to apply: Automatic consideration with application

Pennsylvania Wharton

Number of fellowships awarded to 2008 entering class: 10

Average class size: 825

How to apply: Selection is based on the a number of criteria such as personal background, leadership, and integrity. Students who fit the criteria must complete a separate financial aid form.

Virginia Darden

Number of fellowships awarded to 2008 entering class: 61

Average class size: 632

How to apply: All admitted applicants are considered. For one fellowship, a separate application is required

Yale

Number of fellowships awarded to 2008 entering class: 11

Average class size: 180

How to apply: All applicants are considered for merit scholarships

The bottom line is that it is definitely worthwhile to perhaps write an extra essay if it means earning a savings of $200,000 for your education. For many of the fellowships, all admitted applicants qualify.

For a list of more business schools that offer full-tuition fellowships, please refer to this insightful article in BusinessWeek.