Every year, IMD
supports about half of the MBA class by granting them scholarships or loans.
The total amount of scholarships available each year is around CHF500’000 and
CHF 1.3 million for loans.
The maximum
financial aid awarded per admitted candidate is CHF 65,000.
As we cannot provide
financial aid for every
one, we strongly recommend that you seek alternative
sources where possible. Here are some options for external funding.
LOANS
We work with
a Swiss bank to provide loans to candidates who demonstrate no alternative
sources of funding. In order to apply you need to:
- Gain
acceptance into the IMD MBA - Confirm your
intention to participate in the program by paying the advance deposit of
CHF 15,000 - Complete
the MBA Financial Aid Application Form and submit it to IMD - Read
and accept the Loans Conditions
Candidates with
financial need are encouraged to submit their loan
requests as soon as they receive an IMD MBA offer in order
to accelerate a pre-assessment of their financial needs.
The deadline to apply for loans is October 30 and November 15 for the September
deadline applicants.
SCHOLARSHIPS
IMD offers a variety
of MBA scholarships and applicants may apply to several simultaneously, however
only one scholarship can be awarded per candidate. Scholarships are granted
subject to nomination by the scholarship selection committee, acceptance into
the program and confirmation of your intention to participate in the program by
paying the advance deposit of CHF 15,000.
In order to apply please ensure that you :
- Use the
IMD
MBA Scholarship Template to write your essays - Complete
the MBA Financial Aid Application Form (when requested) and
submit your full application to mbafinance@imd.org
All essays should
reflect your personal point of view expressed in your own words, if necessary
supported by proper citation.
IMD reserves the
right not to award a scholarship if the criteria are not met to the
satisfaction of the jury/sponsors.
deadline to apply for any scholarship is September 30.
List
of Scholarships
MBA Class
Scholarship for Emerging Markets – CHF 200’000 (to be split between the
winners of the scholarship)
For citizens of
developing countries to enable young leaders who meet the following
criteria to earn the IMD MBA degree.
- Demonstrate
financial need by completing our Financial Aid Application - Good
academic results (GMAT) - Strong
reference letters - Steady career
progression
Staton
Scholarship (x 1) CHF 50,000
For applicants from
South America (with the exception of Brazil), on condition that the candidate
returns to South America for at least three years after graduation.
- Demonstrate
financial need by completing our Financial Aid Application and submit a
750 word essay on:
The role of entrepreneurship in moving my country forward and my
contribution to that goal.
IMD MBA Future
Leaders Scholarships (x 3) CHF 30,000
For applicants who
demonstrate exceptional leadership understanding.
- Submit
a 750 word essay on:
It has been said that success in business requires flexibility to be
responsive, but also commitment to a recognized set of values. Discuss
using your personal and professional experience.
IMD MBA Alumni
Scholarships (x 5) CHF 30,000
One scholarship is
awarded to a citizen, but not necessarily current resident, of each region:
Asia, Africa/Middle East, Latin America, Eastern Europe and Western
Europe/North America/Oceania
- Demonstrate
financial need by completing our Financial Aid Application and submit a
1,000 word essay on:
Identify one issue in your region / country which you consider a
priority to address. Why would you choose this issue? How would you, as a
business leader, personally address it and ensure your action has a
sustainable impact?
Essays should be personal and visionary, and include a clear
description of how the solution could be implemented in a sustained
manner.
Nestlé
Scholarship for Women (x 1) CHF 25,000
Preference is given
to women from developing countries*.
- Demonstrate
financial need by completing our Financial Aid Application and submit a
750 word essay on:
Many have argued that greater diversity in the Top Management team of
an organization is good for profits and customers. What would you
recommend as ways to achieve greater diversity?
*Employees of Nestlé and its
subsidiaries are not eligible
Jim Ellert
Scholarship (x 1) CHF 20,000
Preference is given
to citizens from Africa, Central and Eastern Europe and the South-Eastern Asian
Peninsula.
- Demonstrate
financial need by completing our Financial Aid Application and submit a
500 word essay on:
Why I would like to do an MBA at IMD?
The quality of the admission application will also be taken into
consideration
Stewart Hamilton
Scholarship (x 1) CHF 20,000
For applicants who
demonstrate an understanding of corporate governance and corporate
responsibility.
- Demonstrate
financial need by completing our Financial Aid Application, read the case
study ‘Hollinger and the Downfall of Conrad Black’
and submit a 750 word essay on:
What failed in the Hollinger corporate governance system and what are
your personal learnings from this case study?
IMD MBA Merit
Scholarships (x 5) CHF 10,000
Awarded at the
discretion of IMD’s Admissions Committee at the time of offer to applicants who
demonstrated exceptional qualities throughout the admissions process.