CHF133,500 Fully-Funded BackPack-Excellence Scholarship for Women in Master’s Degree at IMD International Institute for Management Development, Switzerland 2024

Written by catherine.caoile on June 12, 2023

4 min read

Unplash- Women in Entrepreneur

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Scholarship details

  • Area of study

    Business and Management
  • Country of the Scholarship

  • Scholarship Valid Until (Year)

  • Type of scholarship

    Master's scholarship
  • Scholarship amount given

    > 12000
  • Type of scholarship administrator

  • Mode of scholarship (Online/Offline)

  • Applier's country

  • Expenses covered

    Monthly subsistence allowance, Travel and visa costs, Tuition fees
  • Scholarship Contact Details

    [email protected]

The International Institute for Management Development IMD in Switzerland opens an opportunity for Ukrainian Women for the academic year of 2023-2024. The BackPack-Excellence Scholarship for Women was founded by the Swiss Foundation, the scholarship was serve as a beacon of empowerment for women and hope for them to face a significant adversity in their lives.

The scholarship program aims to address the barriers that the talented and ambitious women, who have experience or struggle in a displacement conflicts due to natural disaster, conflicts or persecution that they have encounter on their path to success and leadership.

The scholarship program recognizes the power of education which is particular to the business fields and public life. The program provide an opportunity for the exceptional women to further their masters degree in Business fields, By offering the financial support for the higher education of the exceptional women in Ukraine they may be able to access a world-class education, an opportunity to develop their leadership skills and knowledge they may be needing to fulfill their career.

The BackPack-Excellence Scholarship for Women embodies the belief that every woman, regardless of her background or past circumstances, deserves an equal chance to excel and contribute to society. It recognizes the unique perspectives, resilience, and potential that women from diverse backgrounds bring to the table, and strives to harness these qualities for the greater benefit of both individuals and communities.

About the MBA Program 

Source: The International Institute for Management Development (IMD)

IMD MBA program has garnered accolades and recognition, being named as Europe’s best by both Bloomberg Business Week and Forbes. Such prestigious acclaim has made it a highly sought-after opportunity for aspiring business leaders, including those hailing from Ukraine, who are eager to enhance their knowledge, skills, and perspectives.

For Ukrainian students aspiring to pursue the IMD MBA program, the benefits are manifold. The program not only offers access to world-class faculty who possess deep industry expertise but also provides a rich ecosystem of resources and networks. The MBA program at IMD will emphasis the entrepreneurship and global perspectives of the students which will provide a numerous opportunities to work on real-world projects and interact with industry professionals, enabling students to apply their knowledge and skills in practical settings.

Scholarship Provider: The International Institute for Management Development (IMD)

About the Provider 

The International Institute for Management Development (IMD) known to be one of the prestigious and globally recognized business school which makes a significant contributions to the field of management education since its establishment. Founded in 1990 and headquartered in Lausanne, Switzerland, IMD has consistently ranked among the top business schools in the world.

The institute stands out due to its unwavering dedication to world-class executive education. Offering a diverse range of programs, including executive MBA, executive education courses, and customized programs, IMD caters to the needs of executives and business leaders at all career stages.

IMD excels in cutting-edge research and thought leadership. Its rigorous research in business domains generates valuable insights, advancing management knowledge. With a focus on digital transformation, innovation, leadership, and sustainability, IMD’s research centers address pressing organizational challenges.

Scholarship Summary 

  • Applicant’s Nationality: Ukrainian
  • Degree Level: Master’s Degree
  • Field: Business Administration
  • Scholarship Awards: Fully-funded
  • Duration: NA
  • Number of Awards: NA
  • Scholarship Country: Switzerland
  • Renewable: Yes
  • Offered Annually: Yes

Scholarship Eligibility 

Check the eligibility of the scholarship before proceeding with the application:

  • The scholarship is exclusively for women who self-identify as female.
  • Must be from Ukraine, born and citizen of the eligible country.
  • Applicants must have experienced displacement at some point in their lives due to conflict, natural disasters, or persecution. This includes being forced to flee their home country or being internally displaced.
  • Candidates should demonstrate a strong desire to develop leadership skills and have a clear ambition to advance in business or public life. They should articulate their leadership goals and aspirations in their application.
  • Applicants should possess a bachelor’s degree or equivalent from an accredited institution. The degree can be in any field of study, and there is no specific requirement regarding the type of undergraduate degree.
  • Motivation to contribute to the program and the business community
  • Track record of professional achievement
  • Personal qualities such as maturity, adaptability, and global mindset

Application Process 

To apply for the scholarship, you can submit your application through the admissions application form. Prior to applying, the institute advise all applicants to carefully assess the financial investment required for the program and explore the different financing possibilities that are available to you.

  • All applicants must review the eligibility criteria for the different scholarship options available to identify those you qualify for.
  • Access the Financial Aid form, which can be found in the finance section of your admissions MBA application form.
  • Complete the form thoroughly, making sure to provide accurate and up-to-date information.
  • Ensure that you submit all the required documents along with your application, including the requested essay.
  • Keep in mind that typically, participants are only awarded one scholarship, and the scholarships are usually reserved for individuals who are not sponsored by their company.
  • The applicants must be able to submit a 500-word essay outlining how pursuing an MBA at IMD will bring transformation to their lives as displaced women and have a positive ripple effect for other Ukrainian women.

Scholarship Awards 

The full scholarship covers tuition, fees, and living expenses, amounting to CHF 133,500. The financial support will ensure that the successful students will focus entirely on their academic pursuits without the burden of financial constraints.

Application Deadline 

The deadline to complete and submit the application is until July 1, 2023. The successful candidates will be confirmed by September 1, 2023.

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