Almost all academic subjects are offered at Stanford University, which is ranked among the top 10 institutions in the world. In reality, there is a difficult admission process for the MBA programme, therefore tuition costs are high. It costs INR 55.64 lakhs a year just to enrol in the two-year MBA programme at Stanford Graduate School of Business. In situations like these, the Stanford Reliance Dhirubhai Fellowship is useful. The Stanford Reliance Dhirubhai Fellowship is available to Indian students who want to lessen their financial load. For each semester over the course of two years, the candidate chosen for the Stanford Reliance Dhirubhai Fellowship Programme will receive financial support covering around 80% of the cost of tuition and other program-related expenses.
Up to 50 individuals may be chosen by the programme, but only five are chosen to receive the Dhirubhai Fellowship. The programme covers the associated four semesters' tuition for the MBA programme. However, after finishing the course, students are expected to go back to India and work for around two years in an Indian company.
What does the Stanford Reliance Dhirubhai Fellowship entail?
Indian students with little financial resources can now realise their ambitions of earning an MBA at Stanford University thanks to a scholarship programme financed by Reliance Industries. Each year, three candidates get fellowships that cover at least 80% of their tuition and other costs.
It all began 40 years ago when Mukesh Ambani, who is currently the richest person in India, was forced to leave the Stanford Graduate School of Business and return to India in order to assist his father, Dhirubhai, in the construction of Reliance. The Indian billionaire made sure that at least 3 other Indians realised their aspirations in exchange for what he failed to do. As a result, in 2008, the Reliance Foundation established the Stanford Reliance Dhirubhai Fellowship.
In order to support the nation's future innovation and growth as the economy continues to grow and go global, strong management talent will need to be developed both within India's top universities and at institutions abroad, according to Mukesh Ambani, chairman and managing director of Reliance Industries Limited. "I am honoured to renew this Fellowship Programme to support the next generation of Indian leaders attending Stanford Graduate School of Business, an academic institution with a global reputation for innovation, diversity of student experience, and the highest calibre of faculty and students from around the world," the scholar said.
The Indian fellows who are awarded this fellowship might get up to $94,915 every year, or INR 70.7 lakhs. Each colleague receives a different amount, which is determined by their application. Please be aware that the money cannot be used for the application procedure, lodging, transportation, or kid or spouse care. The Stanford Reliance Dhirubhai Fellowship may use this award to cover the following costs while pursuing an MBA at Stanford:-
- Living expenses
- Tuition fee
- Health Cover
After graduating, Employment with Reliance Industries Limited is not required. Failure to comply will result in the student being requested to reimburse the organisation for the fellowship payments.
Before applying for the scholarship programme, students must carefully review the entrance conditions. Your application will only be taken into consideration if you fulfil these qualifying conditions.
- They must be qualified to enrol in Stanford's MBA programme.
- They must possess a graduate degree.
- Indian nationals are required to enrol.
- They must have achieved the required GMAT or GRE score.
- Scores on the IELTS or TOEFL test for English proficiency are necessary.
During the application process for the scholarship, students need to submit following documents:
- A 250 word essay Financial records
- All prior accolades, certificates, and awards
- All academic records
- Recommendations in writing
- Updated professional qualifications on your resume
- Family income (annual)
- Official transcripts
- Letter of recommendation: Applicants are supposed to submit two LORs highlighting their professional careers.
Application Process for Stanford Reliance Dhirubhai Fellowship
An outline of the Stanford Reliance Dhirubhai Fellowship application procedure is provided below:
- The first thing you need to be aware of is that you can apply for the fellowship before you do so for the Stanford MBA programme.
- Prepare your 250-word essay on why you should be given consideration for this fellowship, and gather all the relevant papers needed for the fellowship application.
- Before the deadline, submit your application, and then wait one month for a response.
During the waiting time for the Stanford Reliance Dhirubhai Fellowship, you can get ready for your Stanford MBA application. To learn how to get into Stanford, use these suggestions.
There are two primary phases in the Stanford Fellowship Program's selection procedure:
Step 1: The university chooses 50 candidates for the fellowship programme after evaluating each applicant's qualities in terms of their academic performance, need for financial aid, and general profile.
Step 2: The programme selects just 3 students from among the 50 qualified applicants, taking into account their specific needs for funding as well as their abilities, leadership potential, and skills. Only Indian students with outstanding academic records who have graduated from an Indian senior secondary school are eligible for the Stanford Reliance Dhirubhai Fellowship Programme.
Terms and Conditions
In order to keep this fellowship from being cancelled if you are awarded, you must abide by the terms and conditions listed below.
- You must return to India after your two-year MBA programme is through.
- You must spend at least two years working for an Indian firm and are prohibited from taking a job anywhere else in the globe.
- The funding cannot be used to pay for lodging, flights, travel costs, applications for a USA student visa and a Stanford MBA.
All winners must return to and work in India for at least two years after completing their Stanford MBA programme since this fellowship believes that improving India should be the top priority. Awardees are obliged, in accordance with the fellowship's requirements, to return to India after completing their programme. They also have to work for an Indian firm for two years. It's not essential to have employment at Reliance Industries Limited. Students who disobey the organisation will have to pay back the costs associated with the fellowship.