The Stanford Reliance Dhirubhai Fellowship Program was created by Reliance Industries Limited to assist Indian nationals who want to pursue MBA at Stanford University. Each year, Stanford Business School may award up to five Reliance Dhirubhai Fellowships. Reliance Dhirubhai Fellows will receive full financial support for the two-year Stanford MBA Program. The scholarship program was started in 2008. The idea of this fellowship has its roots in RIL Chairman Mukesh Ambani, an alumnus of Stanford Business School, who believes that a global perspective is needed for the all rounded development of Indian students, especially in fields like management. Thus, keeping all this in mind, the Reliance Dhirubhai Fellowship covers costs such as tuition, course-related fees, living stipend, and travel allowance
The aim of the scholarship is to effect positive change in India. It provides the necessary platform to the future leaders, so that they can return to India to lead the main industries and play a key role in the development of India’s economy. After completing the Stanford MBA, the students have to return to India and work in an Indian organization for at least two years.
Process and Criteria of Evaluation
Step 1: Apply for Reliance Dhirubhai Fellowship Program. Every year, almost 50 finalists are selected on the basis of their merit, financial need and the commitment to play a pivotal role in the economy of India.
Step 2: Apply to Stanford MBA Program. In order to get the scholarship, Reliance Dhirubhai Fellowship Program finalists must meet all application requirements at Stanford University, including submission of GMAT or GRE and IELTS, PTE, or TOEFL if applicable. After the final screening, only 5 students are selected on the basis of their intellectual acumen and leadership potential.
Step 3: Attend Stanford MBA Program: The fellowship program allows the Stanford MBA Program to extend its outreach within India. It is able to attract the best and most diverse MBA candidates possible, regardless of their financial situation.
Step 4: Return to work in India for at least two years: The return to India would help the Fellows leverage their new skills to make an impact in the country.
In a nutshell, the Reliance Dhirubhai Fellowship Program is highly acclaimed and very competitive. It bestows the very unique opportunity to study in Stanford University for Indian students, irrespective of their financial conditions. Thus, it plays a pivotal role in value addition and development of India economy.