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Gifted by Indeed and INSEAD alumni Paul Forster and Rony Kahan, the first INSEAD Indeed Endowed Scholarship will be awarded in 2016.
Fontainebleau (France), Singapore and Abu Dhabi - 11 January 2016 - INSEAD, the world's leading business school, has received a €1 million gift jointly from Indeed, Paul Forster and Rony Kahan, the entrepreneurs behind the popular job-search site. This generous donation will enhance the school's scholarship offer by stimulating broader diversity among MBA candidates while bringing the benefits of an INSEAD education to aspiring entrepreneurs.
The scholarship will specifically support students with atypical backgrounds and creative entrepreneurial goals. The need to repay tuition loans can be a deterrent to pursuing more unconventional careers when graduates consider their post-MBA paths. By easing the debt burden, the Indeed Endowed Scholarship aims to encourage candidates to follow their entrepreneurial ambitions early on.
Successful entrepreneurs and alumni themselves, the donors are well aware of the benefits of an INSEAD MBA degree. "We want to do something for INSEAD so that future MBA students can realise their entrepreneurial dreams," said Paul Forster, co-founder of Indeed. "People from non-business or atypical backgrounds often don't have the resources to fund a full-time MBA and may not even think they are suitable candidates. We hope our scholarship will encourage and help them."
"We are very grateful for this wonderful support," said Ilian Mihov, Dean of INSEAD. "In a highly competitive business school environment, a robust scholarship programme is the most powerful means to attracting and retaining the best candidates. Scholarships, such as the one from Indeed, continue to make a tremendous impact at INSEAD, allowing students from all over the world and diverse backgrounds to join the school. Each scholarship sends the message that INSEAD stands for true diversity, and talent before means."
Paul Forster and Rony Kahan first met as MBA students at INSEAD in 1994. Four years later, they launched their first venture, Jobsinthemoney, an employment site for finance professionals. Both credit the skills and experience they gained at INSEAD with helping them achieve their goals and successfully build Indeed, their second venture. Rony Kahan, Indeed co-founder said, "The student body at INSEAD was very motivating. It was great to be exposed to such ambitious and talented professionals."
The Indeed Endowed Scholarship is a major new contribution to INSEAD's scholarship offering. The amount of an award can be up to €20,000. Applications are now open for the September 2016 MBA intake. Only candidates who have been admitted to the MBA programme may apply.
More information about the Indeed Endowed Scholarship and how to apply can be found at:
http://mba.insead.edu/schlmgmt/
About Indeed
Indeed is the #1 job site worldwide, with over 180 million unique visitors per month. Indeed is available in more than 50 countries and 28 languages.
Since 2004, Indeed has given jobseekers free access to millions of jobs from thousands of company websites and job boards. As the leading pay-for-performance recruitment advertising network, Indeed drives millions of targeted applicants to jobs in every field and is the most cost-effective source of candidates for thousands of companies.
Founded by Paul Forster and Rony Kahan, Indeed is a subsidiary of Recruit Holdings Co., Ltd. In the US, Indeed has offices in Austin, New York, San Francisco, San Mateo, Seattle, and Stamford. Outside of the US, Indeed has offices in Amsterdam, Dublin, Düsseldorf, Hyderabad, London, Paris, Sydney, Tokyo, and Toronto.
About INSEAD, The Business School for the World
As one of the world's leading and largest graduate business schools, INSEAD brings together people, cultures and ideas to change lives and to transform organisations. A global perspective and cultural diversity are reflected in all aspects of our research and teaching.
With campuses in Europe (France), Asia (Singapore) and Abu Dhabi, INSEAD's business education and research spans three continents. Our 148 renowned Faculty members from 40 countries inspire more than 1,300 degree participants annually in our MBA, Executive MBA, specialised master's degrees (Master in Finance, Executive Master in Consulting and Coaching for Change) and PhD programmes. In addition, more than 9,500 executives participate in INSEAD's executive education programmes each year.
In addition to INSEAD's programmes on our three campuses, INSEAD participates in academic partnerships with the Wharton School of the University of Pennsylvania (Philadelphia & San Francisco); the Kellogg School of Management at Northwestern University near Chicago; the Johns Hopkins University/SAIS in Washington DC and the Teachers College at Columbia University in New York. In Asia, INSEAD partners with School of Economics and Management at Tsinghua University in Beijing and China Europe International Business School (CEIBS) in Shanghai. INSEAD is a founding member in the multidisciplinary Sorbonne University created in 2012, and also partners with Fundação Dom Cabral in Brazil.
INSEAD became a pioneer of international business education with the graduation of the first MBA class on the Fontainebleau campus in Europe in 1960. In 2000, INSEAD opened its Asia campus in Singapore. And in 2007 the school began an association in the Middle East, officially opening the Abu Dhabi campus in 2010.
Around the world and over the decades, INSEAD continues to conduct cutting edge research and to innovate across all our programmes to provide business leaders with the knowledge and sensitivity to operate anywhere. These core values have enabled us to become truly "The Business School for the World."
More information about INSEAD can be found at www.insead.edu.
Contacts for press:
Europe and Asia - Sophie Badré
Tel: +33 1 60 71 4526 / +33 6 86 07 33 75 sophie.badre@insead.edu
Europe - Julia Irrgang
Tel +33 1 60 72 93 34 / julia.irrgang@insead.edu
Asia - Aileen Huang
Tel: +65 67995552 / aileen.huang@insead.edu
Asia - Cheryl Ng
Tel: +65 64077234 / cheryl.ng@insead.edu
Middle East - Zeina Sleiman
Tel +971 50 640 31 91 / +971 2 651 5320 / zeina.sleiman@insead.edu
© Press Release 2016
