Take the Challenge Scholarship Program

We will train students willing and able to take the development challenge, to execute and lead management projects into economic growth via ethical practices, and to build sustainable economies.

Both individuals and countries benefit from education. For individuals, the potential benefits lie in general quality of life and in the economic returns of sustained, satisfying employment. For countries, the potential benefits lie in economic growth and the development of shared values that underpin social cohesion. The less economically developed countries are handicapped in the global market by their shortage of appropriately trained managers who can help draw up development-oriented policies, facilitating transitions, mobilising resources and using them effectively and improving the sharing of roles and responsibilities.

Take the Challenge® Mission

Take the Challenge® Program aims to sponsor and train students willing to take the development challenge, to foster growth in emerging economies and to build a sustainable world. Education and training, the major elements of human capital development, have long been recognized as indispensable to the formation process. The curricula of the program will generate responsible managers and entrepreneurs willing to take responsibilities for the unfinished agenda of next-generation reforms needed to produce economic and social progress in developing economies.

Scholarship Program

The Take the Challenge® Scholarship Program is an umbrella for various focused scholarships covering between 20-50% of the tuition fees for the IE International MBA.

Scholarship Sponsor

The IE Fund, based in New York, USA, has been approved as a private foundation by the US Treasury Department. It has the legal right to raise funds to apply to educational purposes that include scholarships, academic chairs and research, while supporting the upscale role of IE in providing exceptional business education to an international student body. Apart from the Take the Challenge® Scholarship Program, the IE Fund supports the Center for Diversity in Global Management at IE Business School, which fosters the integration of cultural, gender and skills diversity as tools for more effective business performance.

Eligibility Criteria

Take the Challenge® is a merit-based scholarship program which aims to deal with the empowerment of bright students worldwide eager to develop the skills and knowledge needed to contribute to the sustainable development of their communities. The scholarship program will give priority to candidates coming from low and middle-income economies based on the World Bank Country Classification.

The ideal candidate should fulfil the following criteria:
- Admission to IE International MBA program
- Proven Leadership Skills
- Outstanding Professional Development

Deadlines

The application deadline is March 15, 2007.
Should there be any funding left available after first round offers have been accepted, there will be two additional rounds:

2nd round deadline: May 15, 2007
3rd round deadline: July 15, 2007

Selection Process

Candidates who meet the eligibility criteria need to present their CV (1 page) and two essays (each min. 250, max. 500 words) on the following topics:

1.In your opinion, how important is management education to the development of your region over the next 10 years?
2. Why should you be granted a scholarship? What responsibilities come along with being a scholarship recipient? Please include a financial plan explaining how you intend to finance the programme and living costs a) with the scholarship award and b) without the scholarship award

Take the Challenge® Scholarships

Erzdebet Lazar Von Kutas Scholarship
Aimed at scholars of outstanding merit and leadership potential, covering 20% to 50% of program fees, this scholarship gives priority to deserving students studying problems encountered by businesses operating in the agricultural sector.



IE Fund Diversity Scholarship
This scholarship, covering 30% to 50% of program fees, is aimed at women who have clearly demonstrated their leadership skills on either a personal or professional level.



IE Fund Leadership Scholarship
These scholarships cover 20% to 50% of program fees and are aimed at brilliant students with a proven record of leadership potential.



All inquiries should be directed to
Take the Challenge® Scholarship Committee
scholarships@iefund.org