IESE sets up €5.5 million COVID-19 scholarships fund
IESE has set up scholarships of €5.5 million for students whose admission process was cut short due to a change in their financial positions due to the pandemic.
The IESE Business School scholarships are aimed at young professionals and high-potential managers who will not be able to pay for their studies due to the impact of the pandemic.
The school said it wants to help exceptional professionals who are working in sectors that have been negatively impacted by the pandemic and who are not in a financial position to afford the cost of management training and education.
IESE scholarships will cover 25% to 50% of fees for eligible students
This scholarship fund is valued 15% more than the normal amount which IESE has been dedicating for student funding in the past.
With this scholarship fund, IESE hopes to provide talented individuals with the education and professional development they need to aid in the economic recovery of the country in the next few years.
These COVID-19 scholarships will fund 25% to 50% of the programme fees. There are certain conditions that need to be met in order to be eligible for this scholarship.
Mr. Franz Heukamp, Dean of IESE, when speaking about these scholarships, said: “Now more than ever, our commitment to society prompts us to work to continue developing leaders who will contribute to resolving economic and social problems.
“We are especially grateful to the generosity of our partner companies and alumni, who with their support make these scholarships possible.”
IESE funding aimed at professionals in sectors worst-hit by pandemic
Of those affected by the pandemic, the young talent has had to face the most severe impact as there have been hiring freezes in the job market.
Due to this reason, almost half of the COVID-19 scholarships are aimed for people between 23 to 30 years of age who have an interest in pursuing an MBA or Master in Management (MiM).
For the working professional’s category, the most affected are mid-level managers or those employed at SME’s as many have seen a pause in their career growth due to the pandemic.
IESE said many of the COVID-19 scholarships will go to high-potential professionals working in the fields hardest hit by the pandemic: tourism, distribution, automobiles, airlines, and textiles and fashion.
Applications from interested candidates for the IESE COVID-19 scholarships are currently being welcomed.
Pic: IESE Business School University of Navarra website
Zahra Hamdani is an Ireland-based reporter for Global Education Times who focuses on European and South Asian education news. When she is not writing for GET News, Zahra is a school-teacher and educationist with experience in both Primary and Secondary schools in the Republic of Ireland as well as in Pakistan.
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