Stanford Graduate Business School invites Africans to apply for its fully-funded 2015/2016 Stanford Africa MBA Fellowship. The Fellowship was created to reduce the financial barrier for African citizens to pursue an MBA at Stanford GSB. Up to eight fellowships will be awarded annually. This pilot program was launched in 2013, and is expected to run for three to five years.
Worth of Awards
- The Stanford Africa MBA Fellowship Program pays for tuition and associated fees (approximately US$140,000) for citizens of African countries with financial need who wish to obtain an MBA at Stanford GSB. At minimum, the Stanford Africa MBA Fellowship covers two years of tuition at the Stanford MBA Program, plus all associated fees.
- Stanford GSB also contributes to room, board, and other living expenses if you have additional financial need demonstrated in your financial aid application. Please read the Stanford Africa MBA Fellowship section on Financial Need above for more details.
- Eight (8) fellowships are awarded annually
Stanford Africa MBA Fellows will be selected based on the following criteria:
Admission to Stanford MBA Program:
- The initial qualification for the Stanford Africa MBA Fellowship is earning admission to the Stanford MBA Program. They consider you for the Stanford Africa MBA Fellowship only after you have been admitted to the Stanford MBA Program.
- To earn admission, you must display the same criteria as all Stanford MBA program applicants: intellectual vitality, demonstrated leadership potential, and personal qualities and contributions.
Commitment to Developing Africa:
- You must be a citizen of an African country. Dual citizens are eligible for the fellowship as long as one citizenship belongs to an African nation. Permanent residents of an African country are not eligible at this time.
- You must have completed, or be in the final year of completing, your university studies. If you studied at an undergraduate or graduate institution in Africa, they especially encourage you to consider applying for the Stanford Africa MBA Fellowship Program. Citizens of countries in Africa who studied in countries outside of Africa remain eligible for consideration.
Stanford Africa MBA Fellows must return to work in Africa, within two years of Stanford MBA graduation, to work for a period of at least two years. Stanford MBA students pursue a wide variety of careers as alumni: you will be prepared to succeed in organizations of every size and description. As a Stanford Africa MBA Fellow, they expect you to contribute the management and leadership skills you learned at Stanford to developing the African economy. As such, their expectation is that Stanford Africa MBA Fellows will be committed to African organizations with significant operations and impact in the region.
- To determine your financial need, you must complete Stanford’s financial aid process after you are admitted. All Stanford MBA students, regardless of citizenship, are eligible for financial assistance based on your demonstrated financial need. Stanford GSB provides need-based fellowship to MBA students without regard to citizenship. For international citizens, Stanford GSB offers a loan program that does not require a US co-signer.
- The financial aid application process requires information about your assets and income. You will need to provide copies of your tax returns and other documentation.
- If you are admitted to the Stanford MBA Program but are not selected as a Stanford Africa MBA Fellow, you remain eligible to receive financial aid based on the need you demonstrate in your financial aid application. Your award will typically include a combination of fellowships and loans.
- Please note that citizens of Congo, Ivory Coast, Liberia, Lybia, Somalia, Sudan, Yemen, and Zimbabwe may need to discuss their loan options with the Financial Aid office.
How to Apply
We strongly advise you read these guidelines carefully before applying
To apply for the fellowship, you have to follow the procedure outlined below:
- Apply to the Stanford Africa MBA Fellowship Program (13 June 2014)
- The fellowship application opens on 1 April 2014 and the deadline to apply is 13 June 2014. There is no fee to apply for the Stanford Africa MBA Fellowship at this stage.
Stanford Africa MBA Fellowship Application materials include:
- Educational history
- Self report your grades from college or university.
- You may also submit the Graduate Management Admission Test (GMAT) and/or the Graduate Record Examination (GRE), if available. These are optional at the fellowship application stage. If you are selected as a finalist, you’ll be required to take one of these exams as part of your application to the Stanford MBA Program.
- Awards and honors (academic, professional, or personal)
- Employment history
- One-page resume or curriculum vitae (CV)
- 250-word essay addressing how you plan to make an impact in Africa
- Individual financial information
2. Finalists announced (11 July 2014). Up to 50 finalists will be selected for the Stanford Africa MBA Fellowship.
3. Finalists apply to Stanford MBA Program (Round 1, October 2014). Stanford Africa MBA Fellowship finalists must apply to the Stanford MBA Program in Round 1 to be eligible for the fellowship.
Stanford Africa MBA Fellowship finalists must submit the Stanford MBA Program application, including GMAT or GRE scores, and if applicable, one of the English language tests (IELTS, PTE, or TOEFL).
4. Receive an offer of admission (December 2014). Stanford GSB will select up to eight Stanford Africa MBA Fellows each year from among the finalists.
5. Enroll in two-year Stanford MBA Program (September 2015)
6. Successfully complete the two-year Stanford MBA Program (June 2017)
7. Within two years of graduation from the Stanford MBA Program, return to Africa (June 2019). Work in Africa – in a business, government, or non-profit organization – for at least two consecutive years.
Deadline: Apply to Stanford MBA Program in either Round 1 by June 13, 2014 or Round 2 by 8 January 2014.
Not sure what to do? Send your questions to [email protected]
What type of candidate is Stanford looking for? Find out here