Full-Time MBA

Scholarships and Fellowships

All Chicago Booth scholarships and fellowships are awarded based on merit. In addition to financial support, fellowships provide further assistance, such as special programming and mentoring relationships with faculty, alumni, and industry leaders.

How Decisions are Made

Scholarships and fellowships do not have additional applications. All award decisions are determined from your MBA application by the Admissions Committee. The eligibility for many scholarships and fellowships is defined by the criteria of individual alumni and foundation donors. Award amounts will vary. Chicago Booth does not negotiate scholarship and fellowship decisions.

Candidates are evaluated based on a variety of aspects, including:

  • Educational achievement
  • Intended concentration
  • Quality of interview
  • Competitiveness
  • Life experiences
  • Professional goals

Chicago Booth Scholarships and Fellowships

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Academic

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Chicago Booth Merit-based Award - Chicago Booth offers top candidates merit-based awards at the time of admission. The scholarship and fellowship committee works to identify students who have excelled in academics, work experience, and service to the community. Other factors may include intended concentration and the overall strength of the pool.

George J. Stigler Fellowship - Winner of the Nobel Memorial Prize in Economic Sciences, George Stigler was one of the great economists of the 20th Century. This fellowship is awarded to graduate students who excel in areas where Stigler's activities have been influential, such as business, law, and economics.

The Harper Fellowships - These fellowships are awarded to students who demonstrate outstanding leadership, academic, and extracurricular achievements.

The above is a sample of available awards.

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Diversity

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Enid Fogel Scholarship - This fellowship honors the late Enid Fogel, the first African American to serve as an associate dean of the school. The fellowship is awarded each year to talented students who embody Fogel's values by advancing the interests of underrepresented populations including African Americans, Hispanics, and women.

Forté Foundation Fellowship - These fellowships are awarded each year to students in the Full-Time MBA Program who have exhibited exemplary academic, team, community, and/or creative leadership, and are committed to advancing the interests of women in business.

The Posse Foundation - This scholarship offers a full tuition award for a qualified alumnus of the Posse Foundation, Inc.

Reaching Out MBA Fellowship - This fellowship's purpose is to empower LGBT MBA students to become professionals who will lead the way to equality in business education, in the workplace and throughout society.

The Wallman Fellowship - This full tuition fellowship is awarded to students demonstrating outstanding leadership, academic, and extracurricular achievements and a commitment to advancing the interests of women in business. There is a strong preference for women from underrepresented minority groups.

The above is a sample of available awards.

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Industry

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Canfield Private Equity Fellowship - Awarded to students with prior investment banking or private equity experience who plan to pursue a career in private equity, this fellowship is given to students who have demonstrated leadership potential, past academic achievement, and a track record of professional accomplishments. The award includes an internship with a private equity firm and mentorship from Chicago Booth faculty.

Herman Family Fellowship for Women Entrepreneurs - This fellowship was established in 1995 to advance the interests of women in entrepreneurship. In addition to joining the fellows group, it provides an opportunity to participate in annual reunions hosted by the Herman family and the Polsky Center for Entrepreneurship and Innovation.

Khosla-Booth Private Equity Fellowship - This fellowship annually supports students with demonstrated interests or backgrounds in the private equity industry. It provides students with mentorship and assistance to secure internships at private equity firms. There is a strong preference for women.

Kilts Marketing Fellowship - These fellowships are awarded to students pursuing a career in marketing who plan to concentrate in marketing management. The award includes mentorship from senior alumni.

The above is a sample of available awards.

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Leadership

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Distinguished Fellowship - Selected for their potential to make a meaningful mark on the Booth community and the business world, students awarded this full tuition fellowship receive a stipend and mentorship from Harry L. Davis, the Roger L. and Rachel M. Goetz Distinguished Service Professor of Creative Management. Students also explore how leaders in various settings make an enduring and positive impact on their organizations and society.

Marvin Zonis International Scholarship - Named for Booth's first professor to teach a course on the effects of digital technologies on global business, this fellowship is awarded to an international student from an emerging economy who demonstrates outstanding leadership, academic, and extracurricular achievements.

Zmijewski Scholarship - This award provides support to a student who embodies the spirit and qualities of Chicago Booth professor Mark Zmijewski, such as a strong work ethic, demonstrated leadership, and professional tenacity. In addition to being in good standing with the university, this scholarship gives preference to students who did not follow a traditional path to graduate studies and for whom the award could be maximally transformative.

The above is a sample of available awards. 

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Military

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David W. Fox Scholarship - This full tuition fellowship is awarded to a student who served, or is currently serving, in the US military. Students must demonstrate outstanding leadership, academic and extracurricular achievements, and a commitment to advancing the interests of those having served in the military.

Chicago Booth participates in the Yellow Ribbon Program. See below for more information.

The above is a sample of available awards. 

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Regional

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A.H. Tobaccowala Fellowship - This fellowship was established by Chicago Booth alumnus and innovative, top business leader in memory of his father -- a 1952 Chicago Booth graduate. The fellowship is awarded to students whose primary home is in India at the time of admission.

Chicago Booth Mexico Opportunity Scholarship - This scholarship gives preference to Mexican graduates of Mexican universities who have a demonstrated interest in entrepreneurship and in supporting and contributing to the advancement of the Mexican economy as both a student and alumnus.

Dennis W. and Jane B. Carlton Fellowship - This annual full tuition fellowship was established for students from Israel, particularly those who have served in the Israeli military. It includes a stipend, mentoring, and professional development from business leaders in the Chicago area, facilitated by the Jewish United Federation. Recipients of this fellowship are expected to return to reside in Israel within five years of graduation.

Ehara Scholarship - Established by John Ehara, ’78, cofounder of Unison Capital, this award provides annual expendable scholarship support with preference to candidates from Japan or those who are likely to advance the interests of Japan.

Mihail Ivanov Memorial Scholarship - This award provides expendable scholarship support to one first year student who demonstrates superior academic performance as determined by the Admissions Committee. The scholarship gives preference to candidates who reside in Eastern Europe, who have lived in Eastern Europe for at least three years during their lifetime, or who are graduates of any college or university in Eastern Europe.

The Nelson Germanos Fellowship - This fellowship is awarded to students with a demonstrated multinational, multicultural life focus and an interest in sharing knowledge generously; as well as very high ethical standards. There is a preference for students from Brazil.

Ramakrishnan Family Scholarship - Funded by an endowment established by Guru Ramakrishnan, ’88, and Anupama Ramakrishnan, this scholarship gives preference to candidates who are Indian nationals.

The above is a sample of available awards. 

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Yellow Ribbon Program

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Chicago Booth is delighted to participate in the Yellow Ribbon Program, an enhancement of the Post 9-11 Veterans Educational Assistance Act of 2008, which allows institutions of higher learning in the United States to fund tuition expenses that exceed the highest public in-state undergraduate tuition rate. Yellow Ribbon awards are not scholarships and are available to all veterans at Chicago Booth who qualify under the VA guidelines. For academic year 2016/2017, Chicago Booth will offer $15,000 per year in Yellow Ribbon scholarship support and the VA will provide up to $15,000 in additional funding. The Yellow Ribbon awards are in addition to other VA programs. You can find the application through the University Registrar. For additional information, please contact Donna Swinford. Read more about our admissions policies for US Military Personnel here.

Second year awards are available. 

Candidates are also encouraged to seek external funding opportunities outside of scholarships and fellowships offered by Chicago Booth.