How does Toigo define “minority”?
Toigo uses the U.S. Department of Labor’s definition of ethnic minority: African American, Hispanic/Latino, Asian American/Pacific Islander, South Asian American, and/or Native American/Alaskan Native. We know that today many individuals identify as multi-ethnic, so if you have a question about your eligibility, please email us. firstname.lastname@example.org
What degree programs are eligible?
To apply for the Toigo MBA Fellowship, you must be applying to or have been accepted into one of the following degree programs:
- An accredited U.S.-based, two-year, full time MBA program
- JD/MBA (please contact us if you have already completed the JD portion and are interested in applying now that you are beginning the MBA)
- Masters in Real Estate
- Masters in Finance
Must I be a US citizen to apply?
To apply for the Toigo MBA Fellowship, you must be a U.S. citizen, permanent resident, or have the legal right to work in the U.S.
What if I’m not completely certain that I will pursue a career in finance? Should I still apply?
Before you decide against applying, we strongly recommend you contact our team to discuss your career interest. Because we broadly define the finance careers we support, it’s possible that you might make a great Toigo Fellowship candidate based on your interests.
If I apply for a Toigo Fellowship, does it preclude me from applying to other fellowships offered by financial services firms or diversity organizations?
We encourage you to apply to any or all fellowships that may be of benefit to your academic and/or professional career. If selected, you may participate as a Toigo Fellow, however your funding may be adjusted if more than one fellowship has been awarded to you. For further clarification, please contact the Foundation.
Am I eligible for the Toigo Fellowship if I am a “January admit” or in my second year of business school?
Unfortunately, no. At this time, The Toigo Fellowship is a highly structured program that begins prior to the first year of an MBA program and requires two full years of school, plus a mandatory internship between the first and second years.
If my business school application is waitlisted, can I still apply for the Fellowship?
We understand that MBA admissions decisions are rendered in a different timeframe for waitlisted applicants. You do not need to wait for your acceptance into an MBA program to apply (if you are extended a Fellowship offer, you will be required to confirm your acceptance into a full time MBA program). You are encouraged to apply even if your MBA application notification date is beyond the Toigo application deadline.
I intend to major in marketing with a minor in finance. Am I still eligible for a Fellowship?
We do not base your eligibility on the major/concentration that you plan to pursue during business school. As long as the opportunity you seek is clearly finance-related, we are more than happy to consider your application for the Fellowship.
I am interested in pursuing opportunities within the investment arm of large private or corporate foundations. Does that qualify as an interest in finance?
Yes, as long as the opportunity you seek is finance-related, we will consider your application for the Fellowship.
What about students who want to be entrepreneurs and intend to study finance as a foundation for learning about start-ups?
Entrepreneurship is a growing trend among MBAs today and a strategy which may open many doors of opportunity. We recognize a finance background is an essential component to a successful startup, but will consider candidates who have interest to embark on entrepreneurial careers during their summer internships and post-graduation on a case by case basis. The dominant portion of our selected class will represent those with more traditional plans. If entrepreneurship is your path, we encourage you to apply and be very candid about your goals during the application process.
I am a first-year student and missed the opportunity to apply for a Fellowship last year. Can I still get involved in the programs and networking events Toigo offers?
Our resources are limited, and so is access to Toigo programs and services. Therefore, we must be vigilant to ensure our corporate donors and Fellows are mutually benefiting from the Fellowship programming. We will, however, notify you of chances to get involved in local events open to the public in which Toigo Fellows, mentors, supporters, etc., are involved and invited to participate. To be added to the mailing list for these events please send an email to email@example.com.
How much is the Toigo Fellowship award?
The Foundation provides a recognition award to all first year Fellows, which is paid directly to each campus in the fall of the first year of business school on behalf of each Fellow. While the amount is modest, the value of a Toigo Fellowship goes far beyond a dollar amount. We (and our current Fellows) view mentorship, career services, leadership development and access to the Toigo network as ultimately more valuable and sustainable than the financial support awarded. In their second year, Fellows are eligible to apply for special merit awards for the possibility of additional funding.
I was recently awarded a partial or full tuition Consortium fellowship. Can I still apply for the Toigo Fellowship?
Absolutely! If you are selected to receive a Toigo Fellowship, your funding will be adjusted (you may possibly be an UNFUNDED Fellow) depending on the amount of funding you receive from the Consortium. Your status as an unfunded Fellow is only referenced internally. You will benefit 100% from the services Toigo offers, and, as a member of the Consortium, you will have access to its events as well.
I have a full ride scholarship/funding from another institution, can I use the Toigo Foundation merit award for other assistance (books, housing, etc.)?
Due to the nature of our fellowship program, your merit award may only be applied to your tuition. In this case, you will be considered an UNFUNDED Toigo fellow. You will benefit 100% from the services Toigo offers with the exception of the financial award.
When should I apply?
Toigo’s application process is concurrent with the MBA admissions process. Completed applications will be reviewed upon receipt and qualified applicants will receive early notification to move on to the next round of the process (pre-screening by Toigo Fellows and Alumni). We strongly encourage you to apply early! You don’t need to wait until you receive your acceptance to business school to apply.
Can I apply before I get accepted into business school?
Yes! In fact, we encourage you to apply early. You don’t need to wait until you receive your acceptance to business school to apply. (If you ultimately receive a Fellowship offer at the end of the process, you will need to be accepted into school to accept.)
Do I need to send official college transcripts (i.e., must they be in a signed and sealed envelope from the registrar)? And should my GMAT scores be sent directly from GMAC?
The answer to both questions is “no”. Photocopies of your transcripts and GMAT scores are acceptable, and should be uploaded and included with your application (per the instructions provided) on or before the online application deadline.
Is there a fee to apply?
Yes. There is a nominal and nonrefundable application processing fee. This fee helps to offset the Foundation’s administrative costs associated with processing and screening each application.
What is the annual acceptance rate for the MBA Fellowship?
About 15-20%. Typically, we receive 400-500 applications each year. From the finalist pool we have selected an average of 50-75 Fellows. Our focus is always on quality and not quantity. Many of the finalists not selected as Fellows are invited to stay connected with Toigo and reconnect as Alumni.
Will all applicants have an opportunity to be screened and interviewed?
Upon completion of the online application, you will schedule a pre-screening interview which will be conducted via telephone by Toigo Fellows/Alumni. Qualified candidates will be invited to a final interview (by phone) with a Toigo Alum. The pre-screening will be a rolling process so you are strongly encouraged to apply early. Final decisions for fellowship offers are made by the President of the Toigo Foundation.
If I apply, am I required to attend Catapult?
While you are not required to attend Catapult, we strongly recommend that you do. All applicants – and any diverse candidate planning to enroll into business school Fall 2018 or Fall 2019 with a focus on a career in finance – are invited to register to attend.