Grants and Fellowships

Approximately 36% of first-year students receive a merit-based fellowship. Specific instructions and criteria for applying are provided at the time of admission. We strongly encourage fellowship applications from all students. Besides financial need and merit, criteria for selection of awards may also include personal background, academic and extracurricular achievement, leadership, community involvement, interpersonal skills, integrity, and honesty. All applications are reviewed by the Fellowship Committee to identify and select the best recipients.

Other fellowships and assistantships are available for second-year students who apply during their first year. These include Leadership Fellowships, Admissions Graduate Assistantships, and Omnicom Communications Fellowships.
For additional information on scholarships from external funding sources, see External Funding Sources.

On This Page:

Corporate and Foundation Fellowships

The following corporations and foundations are fellowship supporters of named Wharton MBA fellowships:

  • Alcoa Inc.
  • American Express Philanthropic Program
  • Bain & Company, Inc.
  • Bank of America Corporation
  • Bechtel Foundation
  • Citigroup Foundation
  • Credit Suisse
  • DaimlerChrysler Corporation Fund
  • Deutsche Bank
  • Exxon Mobil Corporation
  • Ford Motor Company Fund
  • General Mills, Inc.
  • General Motors Foundation
  • The Goldman Sachs Group, Inc.
  • Merrill Lynch & Co., Inc.
  • New America Alliance Institute
  • Pension Real Estate Association
  • Robert A. Toigo Foundation
  • Robert R. Nathan Memorial Foundation

Joseph Wharton Fellowship

The Joseph Wharton Fellowship is named in honor of Joseph Wharton, the founder of the Wharton School. These grants range from $10,000 to $20,000. Specific instructions and criteria for applying are provided at the time of admission.

Howard E. Mitchell Fellowships

The Howard E. Mitchell Fellowship (HEM) is a full-tuition award for exceptional students of Hispanic, African-American, and American Indian descent. The Fellowship was established in honor of Howard E. Mitchell, the first tenured African-American professor at Wharton and founder and director of the Wharton Human Resources Center. Specific instructions and criteria for applying are provided at the time of admission.

The following corporations contribute to the Howard E. Mitchell Fellowship Fund:

  • Alcoa Foundation
  • American Express
  • Bank of America
  • Bechtel
  • Citigroup Foundation
  • DaimlerChrysler Corporation Fund
  • Deutsche Bank
  • Duke Energy
  • Eli Lilly & Company Foundation
  • Exxon Mobil Corporation
  • Ford Motor Company Fund
  • General Mills, Inc.
  • General Motors Corporation
  • Goldman, Sachs & Co.
  • Merrill Lynch & Company, Inc.
  • PECO Energy/Exelon Corporation
  • Unilever, Inc.

Emerging Economy Fellowship

These $20,000 fellowships are offered to students from emerging economies throughout the world. These awards help to support the financial costs of the MBA for students from regions where repayment of large loans would be difficult.

European Fellowship

The European Fellowship program was established in 1996 by fundraising efforts spearheaded by Wharton's European Advisory Board. Selected recipients will receive $15,000. An applicant must be a citizen of a European country. United States permanent residents and students who will become permanent residents during the MBA program are not eligible. Students who are dual citizens of a European country and the United States are not eligible.

Henry Ralph Ringe Fellowship

The Ringe Fellowship was established in 1959 as a bequest from Henry Ralph Ringe. The $10,000 fellowship is awarded to a Mexican citizen. An applicant must be a Mexican citizen. United States permanent residents and students who will become permanent residents during the MBA program are not eligible. Students who are dual citizens of Mexico and the United States are not eligible.

Mohammed Bin Rashid Al Maktoum Foundation Fellowship

A full-tuition fellowship offered by the Foundation, established in 2007 by his Highness, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai. The Foundation invests in knowledge and human development of youth in the GCC/Middle East while focusing on research, education and the promotion of equal opportunities for personal growth and success. Wharton is a partner to the Foundation and once admitted, students can apply directly for the fellowship. For more information, please visit Mohammed Bin Rashid Foundation.

Second-Year Fellowships/Assistantships

Second-year fellowships and assistantships include: Leadership Fellowships, Admissions Graduate Assistantships, Teaching/Research Assistantships, and Omnicom Communications Fellowships.