DEADLINE: 30 June 2022
The TY Danjuma MBA Scholarship provides financial support to post-graduate African students who have been accepted onto MBA programmes at the top 10 leading business schools in the world only, as ranked by the Financial Times.
Launched in 2011, The TY Danjuma MBA Scholarship aims to help up to eight students a year. To date, scholarships have been awarded to 50 students.
The Financial Times MBA Global Ranking for 2021 lists the top ten schools as:
INSEAD
London Business School
University of Chicago: Booth
Iese Business School
Yale School of Management
Northwestern University: Kellogg
Ceibs
HEC Paris
Duke University: Fuqua
Dartmouth College: Tuck
All successful African MBA applicants to the top ten business schools (as ranked by the Financial Times) are eligible to receive the TY Danjuma MBA Scholarship, regardless of their domicile. Awarded candidates will receive their grant prior to the annual intake date for that business school. However, whilst the TY Danjuma MBA Scholarship will provide additional financial support to help African student’s bridge part of the gap and relieve some of the financial burden attached to taking on MBA programmes, it will not be enough to act as the primary source of funding for these programmes.
HOW TO APPLY
Please note we have fully funded MBA students for 2021/22 intake. The next application process will open in June 2022 for 2022/23 intakes.
If you meet the scholarship criteria (you are an African student, who has been accepted on an MBA programme at a top 10 leading Business School, as ranked by The Financial Times MBA Global Ranking 2022 (http://rankings.ft.com/exportranking/global-mba-ranking-2022/pdf) and want to apply for the scholarship, you should send the following information to mba@tyd-fo.co.uk between 1 June and 30 June 2022:
Full Name
Nationality
Full contact details
Name of Business School where you have been accepted onto their MBA Programme
Year of enrolment at the Business School
Copy of offer letter from the Business School
Copy of your CV
Copy of your own budget and funding shortfall (including confirmation letters for all scholarships and loans)
Note, the TY Danjuma MBA Scholarship is to help support by providing additional financial aid, it will not be enough to act as the primary source of funding for the MBA.
Applications received prior to 1 June 2022 will not be processed.
APPLYING TO A TOP MBA PROGRAM
This scholarship program is for students who already hold an acceptance into an MBA program. Therefore, applying for the MBA program must be done prior. This scholarship does not cover the costs of applying to the MBA program (including application fees, GMAT test and others). Finally, this scholarship is only for the top 10 MBA programs in the world, which are typically offered by the most prestigious universities where the acceptance rate is extremely low and competitive.
When applying for the MBA program, please be aware that Academic performance is an important factor when prestigious MBA programs choose students, but it is not the only factor, according to MBA admissions officers.
Because business schools are professional schools designed to prepare students to thrive in the business world, these schools seek students with the leadership skills necessary to succeed in business. In addition to evaluating a student's test scores and grades, a top MBA program will consider whether the student has a history of making meaningful contributions to the organizations where he or she has worked, admissions officers say.
High GMAT score: When applying to top-ranked MBA programs, standardized test scores make up just a part of your application. Most of the best schools review applications holistically, making a point not to emphasize GMAT scores. Out of a score of 800, most incoming classes earn an average GMAT score in the 700s.
High undergraduate GPA: Weighted alongside other essential application materials, academic transcripts and undergraduate GPAs only make up part of your application portfolio. In addition to considering your GPA, admissions departments recognize that individuals and their accompanying skills continue to evolve after completing an undergraduate degree. While Ivy League schools typically look for high-performing individuals, their MBA programs do not require a minimum GPA. That said, class profiles reveal that average GPAs often range from 3.3-3.7.
Previous work experience: Elite MBA programs maintain high standards and expect applicants to hold a solid professional history. Your resume allows you to set yourself apart, highlighting managerial experience, civic engagement, and the skills you have honed along the way. For most Ivy League MBA programs, applicants typically have about five years of professional experience.
Strong essays and letters of recommendation: Strong MBA essays allow you to take control of your narrative, highlighting accomplishments and laying out academic and career goals. Ivy League MBA programs seek well-rounded applicants, and emphasizing your dedication to volunteer, and civic activities can help you stand out. Demonstrating a commitment to your community is just as valuable as your successes in the business world.