Fellowships & Scholarships
Stanford Graduate School of Business Fellowships
The GSB receives support from individuals, foundations, and corporations for a variety of fellowship funds. These fellowships are available to all international and US financial aid applicants based on need—not merit.
GSB MBA Fellowships are awarded based on analysis of income and assets to determine your financial need. If you are married, your spouse's income and assets will be considered too, based off a higher cost of living. There will be a minimum base loan package before any fellowship is determined.
We cannot consider loans (except forgivable loans) when determining fellowship need.
Private agencies and organizations offer a variety of need- and non-need-based scholarships, grants, and fellowships to MBA students. We encourage you to investigate outside sources to help reduce your debt load. If you receive an outside fellowship greater than $10,000, your GSB fellowship will be reduced. The reduction is not dollar for dollar, however, so it is well worth your time to seek outside aid. Loans are only reduced if your aid exceeds the cost of attendance.
The Charles P. Bonini Partnership for Diversity (P4D) fellowship program is named for Charles P. Bonini, the William R. Timken Professor of Management Science, Emeritus, who was a guiding force behind a corporate fellowship for minority students during his six-year tenure as director of the MBA Program from 1987 through 1993.
Eli Lilly Bonini Scholars
Building on a ten year history of collaboration with the Stanford Graduate School of Business, Eli Lilly supports a unique fellowship opportunity for diverse candidates by providing a pre-MBA internship experience at a leading global healthcare organization and a fellowship to students who—by reason of their culture, socioeconomic status, race, ethnicity, background, work, and life experiences—are able to bring a unique cultural, personal, or professional perspective to both Eli Lilly and the GSB.
Because of our shared strong belief in the value of diversity, Eli Lilly and the GSB especially encourage applications from African Americans, Mexican Americans, Native Americans, and Puerto Ricans, as well as from others whose backgrounds and experience would provide additional dimensions to the P4D and GSB Programs.
McKinsey & Company sponsors a scholarship opportunity for pre-MBA students who enjoy challenges and thrive in a collaborative work environment.
McKinsey selects and celebrates a group of finalists with cash awards ($2,000-5,000 per award), and other benefits including:
- Ongoing mentorship from current consultants
- Networking opportunities with fellow peers across top MBA campuses
- An invitation to a distinctive summer celebratory weekend event in Chicago
To learn more about the opportunity, visit the McKinsey website.
The Orbis Investment Management Fellowship is a $10,000 cash award attributable towards tuition or course-related expenses for an exceptional, soon-to-be first-year MBA student, from any background, with any experience, who can demonstrate his or her talent and passion for investing.
Orbis recognizes that contributing to their community and actively participating in promoting a strong investment management industry is just as important as their ability to generate alpha. They are excited to offer this new fellowship award to a student who is passionate about pursuing a career in investment management.
For details, including how to apply, visit the Orbis website.
Our purpose has been straightforward since our firm’s inception: empower our clients by enhancing their savings and wealth. Orbis has grown from $67 million under management at the beginning of 1990 to over $20 billion today. The firm manages several performance-driven offshore equity funds employing both long-only and absolute return strategies. We use a value-oriented, long-term approach to equity investing. A key feature of all of our funds is performance-based fees, which serve to align our interests with those of our clients. Orbis is headquartered in Bermuda and now employs over 300 people globally with offices in Hong Kong, Lausanne, London, San Francisco, Sydney and Vancouver. Orbis is privately owned by the executives and employees of Orbis, who collectively represent the largest investors in the funds.
Reliance Industries Limited generously created the Reliance Dhirubhai Fellowship Program to support Indian nationals living in India who need financial assistance in obtaining an MBA at Stanford.
The Reliance Dhirubhai Fellowship Program provides future Indian leaders the educational foundation to effect positive change in India. Fellows return to India to lead organizations that are at the forefront of growth and development in the rapidly emerging Indian economy.
Each year, Stanford may award up to five Fellowships:
- Stanford Reliance Dhirubhai MBA Fellows will receive financial support for the cost of tuition and associated fees for each year of the two-year Stanford MBA Program (approximately $140,000 total).
- Within two years of completing Stanford MBA studies, Reliance Dhirubhai Fellows are required to return to India for a period of at least two years to work for an Indian organization.
- Upon return, Reliance Dhirubhai Fellows are integral members of the Stanford University, Stanford GSB, and Reliance Dhirubhai Fellows communities.
Through generous support from the US-Japan Council and Uniqlo, the TOMODACHI-Uniqlo Fellowship will provide financial support up to the full cost of attendance for at least three Japanese students enrolled in the Stanford MBA Program.
Stanford GSB will determine the amount, terms, and recipient of each award primarily on the basis of demonstrated financial need.
The TOMODACHI-Uniqlo Fellowship preferences are: 1) Japanese citizens who, at the time of admittance to the program, have been residents of Japan for one year or more, and 2) individuals who have demonstrated leadership potential in a growing, international business and/or who were particularly impacted by the 11 March 2011 earthquake in Japan.
The selected TOMODACHI/Uniqlo Fellows will participate in a required one-month internship at Fast Retailing and/or Uniqlo in Japan in either July or August prior to matriculation at Stanford.
Who is eligible?
- To be considered, individuals must apply for, and be accepted to, the Stanford MBA Program AND complete a financial aid application.
- Stanford GSB will review the financial need of all matriculating students, and select recipients based on need and the expressed TOMODACHI-Uniqlo Fellowship preferences outlined above. The first award may be made to a student matriculating in Fall 2013 (MBA Class of 2015), and will continue until the fund is depleted.
What does the fellowship provide?
- This fellowship will provide up to the full cost of attendance (tuition, fees, global experience requirement, living allowance, books, and supplies) for the two-year MBA Program, based on student financial need.
Africa is at the forefront of significant global economic growth and opportunity. Stanford Graduate School of Business is excited to contribute to the region's human and economic development by educating leaders committed to making an impact on the continent.
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. 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.
Complete List of Outside Scholarships
Additional Opportunities for MBA Students
- Entrepreneurial Summer Program (ESP)
The Entrepreneurial Summer Program, managed by the Center for Entrepreneurial Studies, is aimed at GSB students working at an entrepreneurial company as a summer intern.
- GSB Internship Program
The Stanford Management Internship Fund (SMIF) provides fellowships to MBA students who work in qualifying nonprofits or the government during the summer between your first and second years.
- Siebel Scholars Program
At the end of the first year, five students are selected for the Siebel Scholars Program, which recognizes top academic achievement, leadership, and citizenship within the Business School community and includes a tuition award, determined in part based on financial need.
- Social Innovation Fellowship
The Social Innovation Fellowship is a program for graduating Stanford MBAs (through class of 2013) who have a well-defined vision for a new social venture and are ready to dedicate the year after graduation to launching that venture as a nonprofit organization.