Citizens of African countries who are admitted to the Stanford Graduate School of Business (GSB) MBA program and can demonstrate financial need are now eligible for a new $140,000 fellowship, the school announced earlier this month.
The Stanford Africa MBA Fellowship Program is part of an effort by the school to contribute to Africa’s human and economic development by educating leaders who are committed to making an impact on the continent, according to a recent post on the Stanford MBA Admissions blog. “This fellowship program is a critical step toward removing any financial barrier,” wrote admissions blogger Victoria Hendel de la O.
Stanford also hopes the fellowship program will help to further increase the diversity of the Stanford GSB student body. “African students are an important part of the GSB’s student body, and they provide direct insight into an emerging global economy that will be increasingly powerful in business,” Hendel de la O wrote.
Recipients of the Stanford Africa MBA Fellowship – which covers tuition and associated fees for the two-year MBA program – must commit to working in Africa for at least two years in a professional role that contributes to the continent’s development, the school noted. This work must take place within two years for graduation from the MBA program.
Stanford GSB will award up to eight Africa MBA Fellowships annually. A pilot program, the school expects to run it for three to five years and, if successful, scale globally.