For all the Indian students who have ever dreamt of pursuing MBA from the prestigious Stanford School of Business, good news is on its way. Reliance Industries Limited along with the Stanford Graduate School of Business had announced the creation of Reliance Dhirubhai Fellowship programme in 2008 to support Indian students with financial problems. This year also Stanford School of Business will offer scholarship to Indian nationals under MBS programme.
Under this scholarship programme started by the Reliance Industries Limited, Stanford will award five Reliance Dhirubhai Ambani Fellowships every year to offer full financial support to the Indian students. This Reliance Dhirubhai scholarship will also cover expenses including travel, tuition and accommodation. This scholarship includes 100 per cent tuition cover along with all the expenses starting from applying till attending the MBA programme which is approximately $85,000 for a single student and $95,000 for a married student.
The students eligible for applying for Dhirubhai Ambani Scholarship should be citizens of India and are required to sit for a test where the aspirant needs to write a 250 word article on How do you aspire to shape your countrys future? Once the scholarship is awarded to the students for MBA degree, Reliance Industries want the students to return to India within two years of graduating from the Stanford School of Business and work here for the next two years and serve their own country.
Since India is a fast growing economy, good management talent is required and for this, such tie ups will surely help India to grow fast in both national and international market. The finalists are selected on the basis of merit, commitment to develop India and the financial needs. After a good academic performance in a year, the scholarship is automatically renewed for the next year also. The Reliance Dhirubhai Fellows are bound to return to India and work here for minimum two years in public or private sector.
The Stanford Graduate School of Business receives funds from various individuals, corporations and foundations every year with a number of fellowship programmes. Private companies and other organizations offer grants, scholarship and funds to MBA students. If the student is availing of the funds from the scholarship programme, then the Stanford business school does not approve of any kind of educational loans. Some other fellowship programmes offered at the Stanford include Siebel Scholars Programme, GSB Internship Programme, Social Innovation Fellowship and Entrepreneurial Summer Programme. The last date for submitting applications is June 1,2010.