Executive MBA Scholarships, Loans, and Other Financial Aid

Each year, we award a limited number of merit-based scholarships to incoming Executive MBA students at all three program locations. You’ll automatically be considered for an award based on your application for admission; no additional application is required.

We consider a range of factors when awarding these scholarships, including:

• Professional and academic achievement
• Professional and academic goals
• Leadership and teamwork experiences

The University of Chicago created the world’s first executive MBA program in 1943. In honor of the 75th anniversary of this historical innovation, we select one exceptional candidate from each campus to receive a special 75th Anniversary Alumni Scholarship each year. These scholarships are funded by Executive MBA alumni.

You’ll be automatically considered for an award based on your application for admission; no additional application is required.

To be considered for the 75th Anniversary Alumni Scholarship, apply for admission by April 3, 2023.

The Dennis W. and Jane B. Carlton Fellowship program was established for students from Israel, particularly those who have served in the Israeli military. Each fellowship award includes support equal to $150,000, paid in two installments over the course of the 22-month program. After completing their MBA, Carlton Fellows are expected to return to, or continue to reside in, Israel within five years of graduation.

To be considered for a Carlton Fellowship award, eligible candidates must be admitted to the Executive MBA Program and submit their Fellowship essays by January 6, 2023. Late applications may be accepted subject to availability. More information about the Carlton Fellowship can be found here.

In partnership with the 30% Club, we are pleased to offer a scholarship (equal to $50,000 of tuition) to support high-potential female students in the Executive MBA program in London.

Candidates will be evaluated on their prior professional and academic achievements and their potential for the highest levels of leadership. All female candidates who are admitted to the London-based Executive MBA Program will automatically be considered for this award. Applications must be submitted before June 5, 2023. There is no separate scholarship application required.

This scholarship supports high-potential female students in the Executive MBA Program in Chicago, London, and Hong Kong. Candidates are evaluated on a number of criteria, including:

• Prior educational achievements
• Professional background and leadership experience
• Professional goals
• Potential for the highest levels of leadership
• Expected contributions to the class and program

You will be automatically considered for this scholarship if you fit the criteria and are accepted to the Executive MBA Program by April 3, 2023. No separate scholarship application is required.

This scholarship supports high-potential leaders from underrepresented groups (on the basis of industry, citizenship, background, or a combination of these) in the Executive MBA Program London. Candidates are evaluated on criteria including:

• Professional experience in the nonprofit, NGO, public, or military sector
• Citizenship in emerging and/or developing economies and a demonstrated commitment to continue working in those countries

You will be automatically considered for this scholarship if you fit the criteria and are accepted to the Executive MBA Program London by April 3, 2023. No separate scholarship application is required.

The Hong Kong Jockey Club is a world-class racing club that acts continuously for the betterment of our society. The Club has a unique integrated business model, comprising racing and racecourse entertainment, a membership club, responsible sports wagering and lottery, and charity and community contribution. Through this model, the Club generates economic and social value for the community and supports the government in combating illegal gambling. It is Hong Kong’s largest single taxpayer, one of the city’s major employers, and one of the world’s top 10 charity donors. The Club is always “riding high together for a better future” with the people of Hong Kong.

Working with the government, non-governmental organizations, and community partners, the Club is committed to improving the quality of life of Hong Kong people through its Charities Trust donations and providing immediate relief to those most in need. The Trust also proactively seeks out the root causes of social issues and brings multiple and cross-sectoral parties together to tackle social needs, pioneering innovative approaches that transcend disciplines and skills. While the Trust continues to fund a wide range of projects, it is placing special emphasis on four areas of strategic focus: Youth, the Elderly, Sports, Arts and Culture and Heritage.

Hong Kong Jockey Club Chicago Booth Executive MBA Scholarship
In a major strategic step forward in nurturing Hong Kong’s most promising people, The Hong Kong Jockey Club Charities Trust started offering scholarships at The University of Chicago Booth School of Business in Hong Kong to support aspiring leaders at local social sector organizations in pursuing the Executive MBA Program. The Hong Kong Jockey Club Chicago Booth Executive MBA Program Scholarship empowers students with a global vision, international network, and world-class education, thereby building the capacity of Hong Kong’s social service sector to respond to increasingly complex social problems in the 21st century.

Deadline for scholarship application is April 3, 2023. Your Chicago Booth admissions application must also be completed by this date.

Qualifications for Scholarship Consideration
The Hong Kong Jockey Club Chicago Booth Executive MBA Scholarship Program is designed to build capacity in the social services sector in Hong Kong by allowing mid- to senior-level leaders in NGOs the opportunity to build their business, leadership, and management skills through a top executive MBA program.

To qualify for the Scholarship, candidates must:

• Have a proven track record of driving social service enhancement, innovation, and positive change in the social sector in Hong Kong
• Demonstrate a commitment and capacity to further contribute to and strengthen the social sector in Hong Kong once finished with the program.
• Work full-time in an NGO with tax exemption under section 88 of the Inland Revenue Ordinance
• Be a Hong Kong citizen or permanent resident

The Hong Kong Jockey Club Chicago Booth Executive MBA Program Scholarship is awarded by The Hong Kong Jockey Club Charities Trust and operated by the University of Chicago Booth School of Business in Hong Kong. Applicants will only receive a scholarship award after their application has been completed and submitted, and have been formally accepted to the Executive MBA Program.

Scholarship value: Full tuition (USD175 nonrefundable application fee is not included.)

Documents for Scholarship Application

• Completed admissions application
• Copy of Hong Kong Identity Card
• Scholarship essay
• Beneficiary recommendation (optional)
• Confirmed acceptance of terms and conditions (Please refer to the terms and conditions below.)

Terms and Conditions

• Winners of Scholarship will be notified in writing and must accept the Scholarship by the deadline as specified in the award letter.
• If an award winner (“Scholar(s)”) accept the Scholarship and the admissions offer of the Program, he/she will be required to pay an enrollment deposit of HKD40,000 to Chicago Booth within two weeks from the award letter to enroll in the Program. Chicago Booth will reimburse the Scholar for the enrollment deposit paid after the completion of the Kick-Off Week in Chicago.
• If a Scholar withdraws from the Program before or during the Kick-Off Week, the Scholarship will be withdrawn and the enrollment deposit will neither be refunded nor reimbursed.
• The Scholarship is conditional upon the Scholar being successfully enrolled in the Program for the academic year as set out in the award letter. Scholarships may not be deferred to future academic years. HKJC reserves the right to withdraw the Scholarship if the Scholar is subsequently found to be ineligible, could not satisfy any conditions attached to the admissions offer or these terms and conditions, or otherwise fails to be registered for the Program for the relevant academic year.
• The award amount will be deducted from the tuition invoices until the award is fully paid out.
• All awards are conditional upon satisfactory academic performance as required under the Program.
• The Scholarship is only applicable to the Executive MBA Program and cannot be transferred to other Chicago Booth MBA Programs.
• The award amount will cover tuition, including all classes and teachings, transcript fee, all books and materials, some meals, and hotel accommodations for three weeks in Chicago and one week in London. Transportation to all locations and lodging in Hong Kong are excluded. Details of the items covered by the Scholarship will be set out in the award letter. No further financial support will be provided.
• Award recipients agree to be involved in community services for two years after completion of the Executive MBA Program.

For more information, email the Executive MBA Program Asia admissions team or call us at +852.2533.9500.

Funded by an alumnus of the Executive MBA Program Asia, Mr. Abhinav Jhunjhunwala, ’14, the Jhunjhunwala Family Executive MBA Scholarship will support aspiring leaders to pursue an Executive MBA Program at the Chicago Booth Hong Kong campus. Candidates will be considered for this award based on meeting one or more of the following criteria:

• Work in the nonprofit sector or social enterprise and be a resident of India, Indonesia, or Singapore who was not educated in the United States
• Have established or cofounded an unsuccessful startup on which they have worked full time for the past two to three years.
• Be a female first-generation college graduate

Scholarship Value: USD50,500

The deadline for the Jhunjhunwala Family Executive MBA Scholarship application is April 3, 2023. Your Chicago Booth admissions application must also be completed by this date.

If you are interested in applying for a scholarship, please indicate your interest and submit a scholarship essay with your completed Executive MBA application. If you have questions, email axp.admissions@chicagobooth.edu or call +852.2533.9500 for assistance.