In an effort to help Israel’s growing economy, the University of Chicago Graduate School of Business today announced a new fellowship program for qualified applicants from Israel who will return to Israel after they receive their M.B.A. degrees.
The Dennis W. and Jane B. Carlton Israeli Fellows program will provide more than $100,000 in tuition and living expenses to each student during the two-year M.B.A. program. To qualify, students must be citizens of Israel, with preference given to veterans of the Israeli Defense Forces.
“The goal of this new program is to strengthen the Israeli economy through the education and professional development of business and government leaders,” said Edward A. Snyder, dean of Chicago GSB.
In addition to the monetary awards, students will receive mentoring and professional development by business leaders in Chicago facilitated by the Jewish United Federation, Snyder said.
Terms of the fellowship require that each student return to Israel within five years of completing the M.B.A.
The program is funded by Dennis Carlton and his wife Jane. Dennis Carlton is a professor of economics at Chicago GSB. He also is co-editor of the Journal of Law and Economics.
The University of Chicago Graduate School of Business is known for its world-renowned faculty and its innovative M.B.A. program. Current enrollment includes 3,000 full-time and part-time students at campuses in London, Singapore and Chicago.
Included among the school’s many successful alumni are James Kilts, chairman, president and chief executive of Gillette, Karen Katen, vice chairman of Pfizer and president of Pfizer Human Health, and Brady Dougan, chief executive of Credit Suisse First Boston.