CONTACT: GEORGE MCCRORY
300 Plaza Centre One
Iowa City IA 52242
(319) 384-0012; fax (319) 384-0024
Release: Nov. 14, 2001
UI MBA program offers scholarships for displaced workers
CITY, Iowa -- The University of Iowa's Henry B. Tippie School of Management
will provide up to $100,000 in scholarships and assistantships to help qualified
people who have been laid off from their jobs earn MBA degrees.
The Tippie MBA Scholars Program is being offered at a time when the UI is
seeing increased interest in an MBA among laid-off managers, some of whom
may need assistance with financial resources for tuition and fees.
The amounts of scholarship awards will vary. The most highly qualified candidates
could qualify for full tuition plus a graduate assistantship. Others could
receive lesser amounts of support such as full or partial tuition scholarship,
or a graduate assistantship, or just a partial tuition scholarship. The Tippie
School of Management will award between 12 and 18 scholarships, based on the
number of applicants and their qualifications. Students seeking the scholarships
must meet the competitive admissions standards of the Full-Time Tippie MBA
Program, which include work experience, test scores, academic record, and
"We started this program to assist people in Iowa and the Midwest who
are out of work and need more education to further their careers. An MBA is
an excellent option for these workers, because when they finish the program,
they can return to the workforce with increased earning potential," said
Gary Gaeth, associate dean of the Tippie School of Management.
He added his staff has been talking about the Tippie MBA Scholars program
as they work with outplacement firms that assist the laid off managers with
information about career services and education options.
Gaeth says the Tippie MBA Scholars Program helps both workers affected by
the downturn in the economy, and helps the Tippie School of Management because
it will increase the number and quality of students in its Full-Time MBA program.
Demand for classes in the Evening and Executive MBA Programs has been high
for the past several years, but enrollment in the Full-Time Program has not
been as robust.
The next two-year cycle of classes for the Tippie Full-Time MBA Program
begins in fall 2002, but the Tippie School of Management is making arrangements
for some displaced workers to start classes this spring, either on the UI
campus or at Part-time MBA Program sites in Cedar Rapids, the Quad Cities,
Newton or Des Moines.
The special scholars program got under way about a month ago and the deadline
for financial aid applications is April 15, 2002. Students are encouraged
to apply early. Priority will be given to Iowa residents, but all students
who are U.S. citizens or permanent residents are eligible. Gaeth pointed out
that this new financial aid opportunity is being offered in addition to several
other existing merit-based scholarship programs designed to attract and assist
female and minority students.
The Full-Time Tippie MBA program currently enrolls about 150 students and
is ranked 35th in the nation by U.S. News and World Report. Forbes magazine
also ranked it fifth in the world, based on return of educational investment
among schools with total costs of less than $95,000.
For more information about the Tippie MBA or the Tippie MBA Scholars Program,
contact the Tippie School of Management at (319) 335-1039, 1 (800) MBA-IOWA
(800-622-4692) or email firstname.lastname@example.org.