£550,000 of Sainsbury Management Fellows MBA Scholarships Awarded to Young Engineers
More than half a million pounds of @sainsburys Management Fellowship (SMF) MBA scholarships have been awarded to young engineers from diverse engineering backgrounds.
Eleven engineers with leadership skills who come from chemical, civil, electrical, mechanical and ICT engineering disciplines have each been awarded a £50,000 SMF scholarship to attend seven leading international business schools – INSEAD, LBS, Stanford, Harvard, Sloan MIT and, for the first time, Imperial College Business School which joined the scheme this year.
A business education from such prestigious schools is often described by SMF graduates as a life changing experience. With the new skills and an international network of contacts, they take their careers in new directions, many creating innovative businesses while others join blue-chip companies.
David Falzani MBE, President of Engineers in Business Fellowship which awards the SMF scholarships in partnership with the Royal Academy of Engineering said,
“The quality of applicants for the SMF scholarship has always been high, but in recent years the number of applications has increased significantly making selection harder, so much so that this year, we have awarded 11 instead of 10 scholarships. It’s gratifying to see that our outreach programme to a broader range of engineers has resulted in a rich mix of engineering applicants.”
Now in its 33rd year, the Sainsbury Management Fellows scholarship programme was established by Lord Sainsbury of Turville to ensure that there are more executives in UK boardrooms who have both technology and effective management skills, as do other industrial countries. This potent mix of engineering and business skills is proving successful as the graduated Sainsbury Management Fellows are making a difference in society. To date, they have founded new companies worth over £4.6 billion, created more than 18,000 new jobs and are helping to develop some of the UK’s largest corporations.
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