The Yale School of Management (SOM) will award two scholarships worth between USD 70,000 and USD 140,000 for future African leaders who wish to study at the prestigious university before returning to apply the acquired knowledge the in their home nations.
The Yale-Africa Impact Scholarships will cover at least half of the tuition costs for full-time MBA students.
Selection based on academic capabilities
Candidates for the Yale-Africa Impact Scholarships will be selected based on their academic capabilities and commitment to benefitting Africa upon their return. Those most likely to advance Yale SOM’s mission to educate leaders for business and society will be successful.
All students who apply and are accepted into Yale SOM’s full-time MBA programme will be considered for the scholarships. After completing the MBA, Impact Scholars are expected to return to Africa to work for at least two years in a professional role that contributes to the continent’s development.
To apply to the Yale School of Management, applicants must have earned a four-year Bachelor’s degree from an accredited US institution or the international equivalent. They also must submit GMAT or GRE scores. There is no minimum GMAT or GRE score required to apply to Yale SOM. The median GMAT score for Class of 2019 was 730. The TOEFL, PTE Academic, or IELTS exams are not required for international applicants.
Speaking at the Strathmore University in Kenya, Salovey said:
This initiative is part of a broad commitment across the university to build on our longstanding relationships in Africa. Yale, our partner institutions, and even the world benefit immensely from our collaborations with people and organisations on the continent.
More initiatives to encourage African students
These are not the first initiatives in place to encourage more students from Africa to become involved in Yale SOM life. Already the school has a partnership with the Harambe Entrepreneurship Alliance, where each year one African entrepreneur student is awarded a full-tuition scholarship.
Yale has strong ties to Africa with 32 students already enrolled across Yale SOM courses and its Africa Business Club running to connect students. SOM students from all over the world often have opportunity to visit, study, and work in various regions across Africa.
This year, Yale ran a ‘Design as Utility’ course in which students researched the water shortage crisis in Cape Town in South Africa, before traveling there this month to work toward solving it.
The International Experience programme, launched in 2007, has also provided students with a means to better life in Africa offering learning and research experiences in Egypt, Ghana, Namibia and South Africa. The Global Social Entrepreneurship course also enables teams of Yale students to work in Ghana and South Africa through collaboration with non-profit organisations in the area.
Yale SOM is well connected to four peer business schools in Africa – Lagos Business School (Nigeria), Strathmore Business School, University of Cape Town Graduate School of Business (South Africa), and the University of Ghana Business School – through the Global Network for Advanced Management. The network connects students with member schools allowing them to take part in an exchange.
Currently more than 40 Yale SOM alumni live and work within Africa.