A new scholarship programme, the Hilti IMD MBA Scholars Programme, which aims to attract more MBA applicants with a background in science, technology, engineering, and maths (STEM), and encourage the pursuit of leadership roles in STEM professions, has been launched by global construction industry player, Hilti, in collaboration with the International Institute of Management Development (IMD).
Hilti and the Hilti Family Foundation Liechtenstein have pledged CHF 3 million (€3.05 million) to establish the Hilti MBA Scholars’ Programme fund, which would make up to CHF 300,000 in scholarship funding available, annually, over 10 years. The objective is to support 60 Hilti IMD scholars over the period by covering 50% of their tuition expenses. Successful candidates are required to have an academic background and a passion for STEM subjects and need to convince IMD of their ambition and ability to use their education to pursue a leadership role in STEM professions.
Jahangir Doongaji, Hilti CEO, said: “A competitive MBA scholars’ programme aims to support the brightest MBA candidates from around the world. The new Hilti IMD MBA Scholars’ Programme also aims to nurture talent and encourage new voices, views, and perspectives, to pursue leadership roles in STEM industries.”
The two partners have worked together for many decades to develop customised educational programmes and research projects. In 2000, Hilti provided funding to establish the Martin Hilti Professorship in Marketing and Change Management at IMD. Since then, the Hilti Chair, held by Professor Seán Meehan, has been closely linked to IMD’s MBA programme. MBA graduates have worked with Hilti for decades as part of their consulting assignments, and many IMD graduates have become Hilti employees.
To further strengthen the connection between Hilti and the MBA programme, the new Hilti Chair will be filled by the Dean of the MBA programme at IMD. “It will put Hilti at the heart of the MBA programme by creating a highly visible, direct and permanent link,” said Professor Omar Toulan, current Dean of the MBA programme.
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