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Master of Business Administration

Scholarships and Fellowships

The Weatherhead School offers various scholarships and fellowships. These awards are merit-based and are granted to full-time candidates upon admission to the program. Awards are based on the strength of your academic and personal credentials and the belief that your attendance at the school would add to the diversity and enrich the professional achievement of the incoming class. Scholarships are not based on financial need.

Scholarships are provided for the first academic year and are renewable for the second year if the student maintains a 3.0 cumulative grade point average, full-time enrollment at the school, and good status within the academic policies. Students are notified of a scholarship award in their admission letter.

Candidates are encouraged to complete the application process early for maximum scholarship consideration. To be considered, applicants must complete the Financial Aid Checklist form that is included in the application materials.

MBA candidates

Approximately 66% of the incoming full-time MBA class received some amount of scholarship assistance. Full-time MBA candidates will be considered for merit-based scholarships as well as Weatherhead Scholarships.

Students in the 47-hour accelerated program have their scholarship disbursed in three equal payments and those in the 57-hour program receive their award disbursed in two equal payments during the first year. The scholarship is automatically renewed for the second year, as long as the student is in good academic standing at the end of the first year.

MBA Alumni Association Scholarship-- Full tuition award plus $5,000 stipend granted to one candidate per year. Specific applicants who complete their MBA application by the second round deadline will be invited to apply for this scholarship based on their profile and qualifications.

Norman E. Wallace Memorial Fellowship -- Full tuition award plus $4,000 stipend granted to one candidate per year. Members of underrepresented U.S. minority groups are encouraged to apply.

Weatherhead Scholars

Weatherhead Scholars will benefit from a unique blend of academic and practical experiences in preparation for future success. These opportunities provide tuition allowances, living and travel stipends and unique experiential opportunities, such as access to executive mentors, leadership conferences, professional associations, action learning projects and internships.

All applicants admitted to the full-time MBA program are automatically considered for our merit-based scholarships if they complete the Financial Aid Checklist form that is included in the application materials.

• Dean’s Fellows -- Scholarship includes full tuition and a living stipend, in addition to opportunities to compete for corporate exposure assignments such as junior board seats, executive mentorships and teaching assistantships. Awardees also will have access to an annual employer preview event, a leadership conference of your choice and faculty mentorship. Dean’s Fellows are awarded to up to five qualified candidates per year who have demonstrated outstanding achievement in academic, leadership, and professional experience.
  
  Eligibility: Competitive GMAT score (minimum 670), at least five years of progressive responsibility in work history, a minimum of a 3.8 or equivalent undergraduate GPA (quality and length of work history may substitute for lower GPA), and will contribute to the overall academic, professional experience, global, gender and ethnic diversity of the class.
• Impact Scholars -- Half to full tuition will be granted, in addition to opportunities and access to an annual employer preview event, alumni mentorship and a professional association membership of your choice. Impact Scholars are awarded to up to 16 individuals per year who have demonstrated academic and career success in key disciplines that are of interest to our corporate partners and the community. These areas include, but are not limited to, finance, social responsibility, entrepreneurship, marketing, social entrepreneurship, non-profit or high growth/emerging markets (as determined by the scholarship committee).
  
  Eligibility: Competitive GMAT score (minimum 630), meet at least the minimum years of experience required for intended post MBA opportunity, have achieved progressive level of responsibility in work history, earned a competitive undergraduate GPA as required for intended field of study and contribute to the overall academic, professional experience, global, gender and ethnic diversity of the class.
• Ambassadors -- Scholarships include half to full tuition benefits, as well as an opportunity to compete for administrative graduate assistantships. Awards are granted to up to 10 qualified individuals per year who demonstrate academic excellence, potential for career success in chosen field of study, and strong leadership experience.
  
  Eligibility: Demonstration of leadership success, work experience and communication, contribute to the overall academic, professional experience, global, gender and ethnic diversity of the class and completed an exceptional faculty interview.

MBA Health Scholars

The Cleveland Clinic Foundation and BioEnterprise are among those organizations partnering with the Weatherhead School to combine scholarship dollars with industry experience for candidates with a health systems management concentration. Students will have a unique experience to contribute and learn from industry practitioners at some of the nation’s top medical institutions and organizations

• Cleveland Clinic Health Management Scholars -– Partial to full tuition scholarship and a paid internship at the Cleveland Clinic, awarded to up to four students per year.
• BioEnterprise Entrepreneur Scholars -- Partial to full tuition scholarship and a paid internship at the BioEnterprise, awarded to up to two students per year.

Part-time (evening or Saturday) MBA candidates

Corporate tuition reimbursement plan (CTR) -- Due to the large number of part-time students who receive tuition reimbursement benefits from their employer, the Weatherhead School has implemented a special tuition payment option.

Students who receive at least 50% employer tuition reimbursement may apply for the CTR plan to cover tuition costs. The CTR plan allows a student to register without paying any tuition costs up-front (normal procedure requires one-half payment at the time of registration). Tuition payment is deferred until six weeks after the end of the semester. Students receive additional information about this plan, including how to enroll, at the time of admission.

Students who receive less than 50% reimbursement may choose to explore the various loan programs available.

Second year MBA candidates

Allen C. Holmes Fellow -- Funded by Jones, Day, Reavis & Pogue, the award includes monetary stipends and a fellowship opportunity to work on regional economic policy issues at a high level within our community. Outstanding second year MBA students and participants in the joint MBA degree program are eligible. The fellow receives a $500 award, a $3,000 stipend for a two-semester fellowship and a tuition scholarship to be allocated to two MBA courses (three credit hours per semester). The Holmes Fellow works in a greater Cleveland economic development organization assisting a senior level staff member or corporate executive committee chair on a project of importance to the community.