Financial aid

IMD is committed to encouraging diversity within our full-time program by providing support and assistance to those who have the profile, but lack the financial means to complete the IMD MBA. 

We typically award IMD scholarships of varying amounts to 25% of the class and work with different sponsors to increase your options. Prodigy Finance are our loan providers as they offer international student loans focusing on higher education at top schools. We also strongly recommend that you seek alternative sources of funding where possible, and have compiled the below list of some options that have been helpful to our past participants.

Options for external funding

Loans

We recommend that you submit your application to Prodigy Finance as soon as you are accepted into the program to ensure timely disbursement for the third and fourth tuition installments. You can also apply before being accepted if you want to forecast your budget more clearly.

For those who are unable to obtain a loan from Prodigy Finance based on nationality restrictions, please contact our Finance Committee and we will work with you to investigate alternative solutions.

IMD scholarships

IMD offers a variety of merit and need-based MBA scholarships. Some are exclusively allocated with the first admissions application deadlines, some throughout the year, and others only at the end of the year. Should you be selected for several scholarships, you will be awarded the one with the highest financial benefit. 

  • Our MBA Financial Aid form (not needed for merit or CORO scholarships) must include supporting documents: yearly proof of salary, tax return form, latest bank account statements
  • If you apply for multiple scholarships, we only need one copy of the Financial Aid form
  • Where appropriate, include your essay
  • Submit your full scholarship application to mbafinance@imd.org

 

Application Scholarships

Profile & Criteria

Emerging Market Scholarships
CHF 20-40K

Submit Financial Aid Form at time of admissions application.
Recipients confirmed at time of admissions offer.
Criteria: citizen of a developing country, good academic results and GMAT score, strong reference letters, steady career progression.

Merit Scholarships 
CHF 20K

Awarded to applicants who demonstrate exceptional qualities throughout the admissions process.
Recipient confirmed at time of admissions offer.
No scholarship application required.

Lausanne Alumni Club Merit Scholarship

CHF 50k

Awarded to the best all-round applicant from the February deadline.
Recipient confirmed at time of admissions offer.
No scholarship application required.

IMD MBA Class of 1976 Merit Scholarship 
CHF 50K

Awarded to the best all-round applicant from the May deadline.
Recipient confirmed at time of admissions offer.
No scholarship application required.

Application Deadline for all below scholarships: 30th September

Recipients confirmed: mid-November
For all applications, except for CORO, we must have received your completed IMD MBA Financial Aid application form

Sponsored Scholarships

Profile & Criteria

The CORO Foundation Scholarship
CHF 85K

Applicants must be a national of Denmark.
Submit a 500-word motivation essay on:
Why should I be considered for this scholarship and how can I contribute to IMD's MBA Program?

Staton Scholarship
CHF 50K

Applicants from South America (except Brazil) who return for at least three years after graduation.
Submit a 750-word essay on:
The role of entrepreneurs in moving my country forward and my contribution to that goal.

Stewart Hamilton Scholarship for women
CHF 50K

Submit Financial Aid Form at time of admissions application.
Recipients confirmed at time of admissions offer.
Criteria: citizen of a developing country, good academic results and GMAT score, strong reference letters, steady career progression.Read and reflect upon the case study 'Hollinger and the Downfall of Conrad Black' .
Submit a 750-word essay on: What, in your view, were the failings in the Hollinger corporate governance system? What personal learnings have you drawn from your analysis of the case study?
Your essay should be divided equally between the two questions. The word limit will be strictly enforced.

Nestlé Scholarship for Women
CHF 25K 

Preference is given to women from developing countries. Employees of Nestlé or its subsidiaries are not eligible.
Submit a 750-word essay on: 
Many have argued that greater diversity in the Top Management team of an organization is good for profits and customers. What would you recommend as ways to achieve greater diversity?

Diversity Scholarships
Africa/Middle East, North America/Western Europe/Oceania, Asia, Latin America, Eastern Europe
CHF 30K

Essay: 500 words on "The role diversity and globalisation will play in my future career".

Scholarship Essay Tips:

Scholarships are granted subject to nomination by the scholarship selection committee, acceptance into the program and confirmation of your intention to participate in the program by paying the advance deposit. 

IMD reserves the right not to award a scholarship if the criteria are not met to the satisfaction of the jury/sponsors.