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Kuwait Investment Authority MBA Scholarship Award

Kuwait Investment Authority (KIA) offers five scholarships per year to qualified applicants who have secured unconditional admission into the Master of Business Administration (MBA) program at one of the 25 universities approved by KIA’s scholarship committee. The Kuwait Cultural Division will supervise students enrolled at universities in the United States.

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KIA Students





 
Term and Conditions
  • Maximum period of sponsorship: Two academic years.
  • Starting date of sponsorship: First day of classes.

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Scholarship Requirements
  • 1.      The applicant is required to have Kuwaiti Citizenship.
  • 2.      Unconditional admission to the MBA program at one of the universities approved by KIA.
  • 3.      Registration in the Academic MBA program and not Executive MBA (EMBA).
  • 4.      Dual Degree programs will not be accepted .
  • 5.      The applicant should not have a scholarship from another source.
  • 6.      The applicant must register as a full-time student. 
  • 7.      The applicant should not have an existing MBA degree.
  • 8.      GMAT score should be no less than 600.
  • 9.    Applicant must provide proof of corresponsing with universities.
  • All scholarships applications should be submitted two months prior to the start of the first semester.

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Financial Benefits in Kuwaiti Dinars (KD)
A. 
  
  1. Monthly stipend:One thousand Five Hundred (1500) K.D.
  2. Book allowance per academic semester: Five hundred (500) KD.
  3. Computer allowance: One time five hundred (500) KD.
  4. Annual airline ticket: Seven hundred fifty (750) KD.
  5. Research and scientific journal subscription: Fifty (50) per academic year.
B.  
  
  1. KIA will meet all expenses related to tuition, fees, examination charges and thesis costs. A copy of the thesis proposal must be submitted to KIA for approval.
C.  
  
  1. Medical and dental insurance coverage provided by the Kuwait Health Office in Washington, D.C.
D.  
  
  1. Attendance at one professional conference during the degree program. The conference must be recommended by the program director of the university and approved by KIA. Students are required to submit a report on the conference to KIA.
E.  
  
  1. Students are required to maintain full-time status during each academic term.
F.  
  
  1. Code of conduct: Students are required to comply with the laws of the host country; follow the rules and regulation of their schools; comply with Kuwait Cultural Division’s policies; maintain perfect attendance and graduate on time.
  2. KIA maintains the right to terminate or suspend a student’s scholarship mission based on the evaluation and recommendation of the Academic Committees of KIA and the Cultural Division. These Committees may also consider a maximum scholarship extension of six months. Financial entitlements during the period of scholarship suspension or extension will be determined by the academic committees.
  3. A Student’s resignation from scholarship becomes effective on the day the Academic Committee acknowledges the resignation.

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Penalties
  1. KIA reserves the right to request reimbursement of its expenditure if the student fails to successfully complete the degree requirements according to the terms and conditions of the scholarship regulations.
  2. In addition to these rules and regulations, Civil Service Law number 15, of 1979 will be applied to all scholarship recipients.
  3. KIA reserves the right to modify, add, delete or interpret the articles of the scholarship regulations in accordance with the Committee’s recommendations.

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Approved Universities for the Kuwait Investment Authority's MBA Scholarship

 

  School Country
1
Harvard Business School
United States
2
Stanford Graduate School of Business
United States
3
University of Pennsylvania: Wharton
United States
4
London Business School
United Kingdom
5
Columbia Business School
United States
6
Insead
Singapore
7
Iese Business School
Spain
8
Hong Kong UST Business School
Hong Kong
9
MIT: Sloan
United States
10
University of Chicago: Booth
United States
11
University of California at Berkeley: Haas
United States
12
Northwestern University: Kellogg
United States
13
Yale School of Management
United States
14
Ceibs
China
15
Dartmouth College: Tuck
United States
16
University of Cambridge: Judge
United Kingdom
17
Duke University: Fuqua
United States
18
IMD
Switzerland
19
New York University: Stern
United States

 

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