Fellowship Awards

MBA and MS Finance students accepted into the RCB Fellowship Program complete a myriad of initiatives and projects, including Social Impact Projects (SIPs) that have lasting, positive effects on society. For their Social Impact Projects, Fellows collaborate with outside partner organizations—across a variety of industries—in areas of business that match their personal interests, unique talents, and developing expertise. 

MBA and MS Finance Scholarship Funding Award Range

MBA and MS Finance Awards range from $500 to $30,000, per student, in total.

Awards are based on projects being pursued, status of progress on projects, and individual Fellow Award agreement details.

Awards granted will be applied directly to tuition and fees and distributed semester-by-semester based on credits enrolled.

Determination of Funding Award Range

Funding will be granted based on the scale and scope of anticipated commitment to Fellowship initiatives, project goals, and candidate background and experience. Funding is determined during the screening process by the Fellows Decision Committees. 

Once an amount has been determined, Fellows will receive a tuition reduction each semester. Most commonly, the Award will be evenly distributed through the remainder of semesters of study based on the number of academic credits enrolled in for each given semester. 

Requirements for Continued Funding

To remain eligible for continued funding each semester, Fellows must remain in good academic standing in the MBA and/or MS Finance program. Fellows must continue making appropriate progress on projects and initiatives. Evaluations of the status of projects and initiatives will be based on a combination of updates shared by the Fellow with the Graduate Business Studies office and input from Rowan mentors and partner organization mentors.

Sample Scenario of Fellowship Funding 

One funding example: a Fellow is awarded $10,000 in consideration of one or more Social Impact Project(s). If the student takes 6 credits of MBA coursework per semester (the entire MBA is 36 credits), while remaining in good academic standing as well as making appropriate progress on the Fellow initiative(s), they will be awarded ~$277.78 per credit each semester of their MBA Program. They will receive the full $10,000 award by the conclusion of their MBA studies.