When applying for an MBA fellowship, you must demonstrate to the admissions committee that you have the necessary business knowledge to succeed in an MBA program or internship. You should also be prepared to demonstrate that you are in desperate need of MBA fellowship funds. Fellowships can be used to fund graduate school admissions, summer internships, or study abroad experiences.
To get an MBA fellowship, you usually need to get good grades in relevant business courses. The competition for these fellowships is usually fierce. Students with the best grades and the most impressive student research are usually able to sway fellowship admissions committees in their favor. Continue to study hard and devote yourself to courses such as statistics, economics, and accounting that are relevant to obtaining a business fellowship. Working with a tutor or seeking remedial help as soon as possible can help you improve your grades in these courses.
If the type of MBA fellowship you want is contingent on admission to a specific graduate business school, you’ll also need to do well on graduate admissions exams. These tests, such as the Graduate Management Admissions Test (GMAT®), the Graduate Record Examination (GRE®), or the Test of English as a Foreign Language (TOEFL®), are difficult and intended to distinguish exceptional candidates from average candidates. More than likely, fellowship admissions officials will use your admissions exam test scores as a barometer of how well you will perform in their MBA program and how deserving of a fellowship you are.
MBA fellowship committees will want to know how the fellowship funds will benefit you as a student when it comes to summer internships or study abroad programs. You must demonstrate that your internship or study abroad experience will help you better understand business principles. It’s crucial to include a statement outlining your program goals and how you plan to use the fellowship funds.
Whether you’re applying for a fellowship for admissions or for a special program, you’ll almost always need to show that you have a financial need for the fellowship. Explain to the fellowship committee why paying for your education, internship, or special program with your own money would be difficult. Determine whether the fellowship you’re applying for is based on need or merit.