{"id":34873,"date":"2016-10-30T00:42:00","date_gmt":"2016-10-30T07:42:00","guid":{"rendered":"https:\/\/gmatclub.com\/blog\/2016\/10\/how-stanford-gsbs-latest-fellowship-is-reshaping-applicants-career-goals\/"},"modified":"2016-10-30T00:42:00","modified_gmt":"2016-10-30T07:42:00","slug":"how-stanford-gsbs-latest-fellowship-is-reshaping-applicants-career-goals","status":"publish","type":"post","link":"https:\/\/gmatclub.com\/blog\/how-stanford-gsbs-latest-fellowship-is-reshaping-applicants-career-goals\/","title":{"rendered":"How Stanford GSB\u2019s Latest Fellowship is Reshaping Applicants\u2019 Career Goals"},"content":{"rendered":"
<\/p>\n
\u201cStanford will pay you to attend its business school-but only if you agree to work in the Midwest.\u201d(Business Insider, September 27, 2016)<\/div>\n
This is likely the most intriguing statement we have heard in years. \u00a0As MBA admissions consultants we talk to our clients consistently about post MBA plans: including industry, job function and location. \u00a0With the MBA diploma in hand and new MBA knowledge in mind, finding therightjob involves examining these three legs of the stool. \u00a0The latter point of location, however, is usually not the focus of the conversation as the student 1) already has a preference of where to live post-MBA\u00a0or 2) will stay put in the city\/town where the MBA program is located due to the connections made or internship had or 3) is open to moving to anywhere!<\/div>\n
However, Stanford GSB is turning heads as it has a different option for some of its applicants. TheStanford USA MBA Fellowshipprovides financial assistance to students who wish to attend Stanford and are committed to economic development in regions of the United States that are underrepresented in the MBA program. \u00a0In its first year, the Fellowship will focus on the Midwest and will pay three students $160,000 (tuition and associated fees) over the two years.Click here<\/a>for the full criteria.<\/div>\n
Would you be willing to commit to a location before committing to a job? \u00a0Would you be willing to say no to a particular part of the country, i.e. the very hot Silicon Valley or the banking capital of New York City, even before you start your MBA? \u00a0\u00a0These are great questions to ponder as you write your essays and really think through your short-term and long-term goals. \u00a0Admissions Directors often read about an MBA student pursuing an investment banking role at x firm or a strategy consulting role at y\u00a0firm\u2014very industry and job function focused. \u00a0We spoke with several former adcom who were very clear about how refreshing it would be to hear in an essay or during an interview about post-MBA plans involving location preferences, especially serving those areas of our country that need help growing and embedding more MBA minds in the professional culture. \u00a0Stanford is not assigning the Fellow to a particular industry or organization, yet is instead allowing a great deal of white space and creativity for the MBA graduate to show how he\/she can bring about effective change. \u00a0What a noble task!<\/div>\n
Let\u2019s turn the focus from the East Coast and West Coast to the Midwest, which is what some call the underserved area. \u00a0How can you help these states: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, or Wisconsin? \u00a0The trifecta effect in this area of 1) the rise of entrepreneurs, 2) great companies such as General Motors, Eli Lily and Boeing and 3) lower housing costs makes the Midwest an attractive place to move to for a few years. \u00a0We think that Stanford is on to something and we are curious to see which region of the country is the next focus of the Fellowship if it continues to grow in the coming years.<\/div>\n
The article also raised another point for MBA applicants: what other schools are offering such interesting fellowships, scholarships and ideas? \u00a0Do your research. Dig deep. \u00a0Remember top-tier MBA programs want qualified and interesting students just as much as you want to be a part of their MBA community. \u00a0Find that match. \u00a0It is out there for you.<\/div>\n
Curious about what this could mean for your MBA applications? You\u2019re in luck! We offer afree 30-minute consultation<\/a>so you can ask those questions and get the conversation started. We look forward to hearing from you!<\/div>\n
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Sources:<\/div>\n
https:\/\/www.businessinsider.com\/stanford-graduate-school-business-midwest-2016-9<\/a><\/div>\n
https:\/\/www.bloomberg.com\/news\/articles\/2016-09-23\/here-s-160-000-toward-your-stanford-mba-and-here-s-the-catch<\/a><\/div>\n
To view the Stanford criteria:https:\/\/www.gsb.stanford.edu\/programs\/mba\/financial-aid\/us-citizens-permanent-residents\/stanford-usa-mba-fellowship<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u201cStanford will pay you to attend its business school-but only if you agree to work in the Midwest.\u201d(Business Insider, September 27, 2016) This is likely the most intriguing statement we…<\/p>\n","protected":false},"author":167,"featured_media":0,"comment_status":"open","ping_status":"1","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,1955,775,243],"tags":[],"class_list":["post-34873","post","type-post","status-publish","format-standard","hentry","category-mba","category-vantage-point-mba","category-admission-consultants","category-blog","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/34873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/users\/167"}],"replies":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/comments?post=34873"}],"version-history":[{"count":0,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/34873\/revisions"}],"wp:attachment":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/media?parent=34873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/categories?post=34873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/tags?post=34873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}