Stanford GSB is as elite as they come, in the realm of business education. Topping almost all the ranking charts including Financial Times 2018 Global MBA, US News, Bloomberg Businessweek, and countless more, Stanford GSB has secured its honourable place. It helps that its MBA graduates receive some of the best job placements with the highest starting salaries at around north of $200,000. And that’s not just an outlier.
In the past decade, Stanford has consistently scored among the top five MBA programs according to US News Recruiter Ranking from 2006 to 2018. Read Top MBA colleges in the world.
Having established its worth, its value in making careers is often offset by the incredibly high cost of attendance, as with other US MBAs. The two-year program can cost upwards of $220,000 including over $140,000 in tuition and program fees, $11,000 in medical insurance, $3,000 in books and supplies, and other living costs in California, one of the most expensive states in America.
Such high prices often become deterrent factors for well-to-do applicants, let alone students who come from the less affluent part of the world, like India, with financial need issues. Though other financial aid options are available at Stanford GSB, this article is relevant, in particular, for Indian applicants in need of financial assistance.
India’s Reliance Industries Limited has extended a golden arm to pull in competitive Indian candidates into the Stanford GSB MBA program with the Stanford Reliance Dhirubhai Fellowship. We will discuss its objective, eligibility, requirements, and other considerations that can land you in the comfortable position of being the recipient of the generous scholarship.
This fellowship began as an attempt to encourage deserving Indian men and women to apply to Stanford’s prestigious MBA program, without the hurdles of arranging the financing. The fellowship offers 80% of the cost of attendance for each of the two years of MBA, for up to five Indians. The details of the program are collated below.
The foremost requirement is that the candidate be an Indian national. Besides the nationality, you need to have a strong educational background and should be a financially need-based candidate. The financial need is determined by reviewing candidate personal resources. You will ultimately complete the financial aid application, along with the documentations, to verify your financial need.
On top of all that, you should have a strong sense of commitment towards partaking in the development of the Indian economy. Your financial aid stipulates that you honour this commitment by demonstrating it in action, post your MBA. Here’s how the fellowship ensures the adherence to the above objective.
If you are looking into the scholarship, you will need to prepare well in advance, even before you begin your MBA application. Deferred enrolment candidates too, need to have the fellowship application out of the way before requesting a deferral.
The steps are lined up as:
The process and requirements, for the fellowship, are different from the MBA application. To apply, you will need the following documents.
The fellowship pre-application doesn’t need any fees.
The essay topic for the Stanford Reliance scholarship is as follows:
How do you aspire to shape India’s future?
As with most MBA essays, the question seems quite simple and innocuous – until you start answering it. How do you even start? What do you include in it?
We share some essay tips for the Stanford Reliance scholarship to help you break the ice.
If you need help with your Stanford Reliance Dhirubhai Fellowship application essay, drop us an email: info [at] mbacrystalball [dot] com.
As a Dhirubhai Fellow, you are obligated to return to India for two years of work and complete the stretch in the homeland within the first four years of graduation. Else, the axe will come down on the pocket and you will be required to repay the money, which in INR sounds more whopping at about 1 crore Rupees, than it does in dollars. Naturally, one of the questions you may have is What kind of company do I work for, in India?
As with other Stanford alumni, you can approach this in any way you see fit. You can work in a non-profit, corporation, government sector, education, etc, just as long as the company is Indian and is majorly located in the country. Examples are Reliance Industries Ltd, Tata Consultancies, UNESCO India, the Indian media, Indian engineering or b-schools, and basically any Indian organization where you can apply your skills.
While searching for successful Stanford Reliance Dhirubhai Fellowship alumni on LinkedIn to see what their profile looks like, you may come across some impressive candidates, like Samder Khangarot (who’s also featured on the Stanford site), Puneet Mundhara, Karna Chokshi, Varun Jain and many others. However, you may not really get to know their full stories.
We’ve published this blog written by an MBA Crystal Ball consultant, who’s a Stanford Reliance scholarship recipient. He explains his entire application journey.
Good luck if you considering the exclusive opportunity.
Meanwhile, some relevant links.