Be sure to review the FAQs below for added insight and information about the Toigo Fellowship, eligibility and selection process. If you have a question not addressed below, email us at firstname.lastname@example.org or use the online form below. Due to the high volume of applicants, our team is most responsive via email.
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 at email@example.com
What degree programs are eligible? 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
Are non-US citizens eligible? You must be a U.S. citizen, permanent resident, or have the legal right to work in the U.S. It is at the discretion of the applicant to know their eligibility and whether they can commit to the requirements of Fellowship.
What if finance is not a career certainty? Should I still apply? Reach out to discuss your career interests. Because we broadly define the finance careers we support, it’s possible you may be a strong candidate.
Does the Toigo Fellowship 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. Depending on what you secure, your Toigo funding may be adjusted (but remember, funding is just a fraction of what you’ll gain.)
I’m a “January admit”. I’m a second year. Am I still eligible? Unfortunately, at this time our program is structured to launch in conjunction with the Fall starting dates of MBA program and requires two full years of school, plus a mandatory internship between the first and second years.
I’ve been waitlisted, can I still apply? Don’t 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.
I intend to major in marketing with a minor in finance. Am I still eligible for a Fellowship? Eligibility is not based on your academic concentration, just on your career choice. As long as the opportunity you seek post-graduation is finance-related, we encourage you to apply.
I’m interested in working for a large private or corporate foundation. Does that qualify as an interest in finance? As long as the opportunity you seek is finance-related.
I’ve launched my own business—or intend to. Is that in the mix? Entrepreneurship is a growing trend among MBAs today and we know a finance background is an essential component to a successful start-up. We’ll consider candidates with strong entrepreneurial interests on a case by case basis. 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 and missed the opportunity to apply. Any way to get involved? Our resources are limited and focused on Fellows—but we’re also committed to driving change and ensuring diverse talent and employers connect. If you want to be notified of Toigo events open to the public, become a friend of Toigo by sending us an email at firstname.lastname@example.org.
How much is the Toigo Fellowship recognition award? A $1,000 Fellow recognition award is available to all first year Fellows; it is paid directly to your school on your behalf in the Fall. Second year Fellows are eligible to apply for special merit awards and the possibility of additional funding of up to $10,000.
I was recently awarded a partial or full tuition by another organization. Can I still apply? Absolutely. If you are selected to receive a Toigo Fellowship, your funding will be adjusted. You’ll stil benefit 100% from the services Toigo offers.
I have a full ride scholarship/funding. May I use the Toigo Foundation merit award for other assistance (books, housing, etc.)? The Toigo Fellow merit award is for tuition only. Of course, you will still benefit 100% from the services Toigo offers, with the exception of the financial .
When should I apply? Our application timeline runs concurrent with the MBA admissions process. Applications are reviewed on a rolling basis. We encourage you to apply well before the March 22nd deadline. You do not need to wait until you receive your acceptance to business school to apply.
May I apply before I get accepted into business school? Yes. If named as a Fellow, you’ll of course need to be accepted in an accredited two-year MBA, Masters of Finance / Real Estate or JD/MBA program.
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.
Is there a fee to apply? No. There is no fee to apply for the Fellowship. If you advance to the final Catapult round, there is a $350 fee (non-refundable). This fee includes the full program (April 10th-12th), as well as attendance to Quant Camp on April 13th (optional, but highly recommended.)
How competitive is the selection process? Toigo typically receives nearly 500 applications. Each year, our class size varies, from 65-75 individuals—in part depending on the mix of applicants and their areas of interest within finance. Competitive, yes; but the odds of being named are 0% if you do not apply.
What is the selection process? Upon completion of the online application, your application will be reviewed by a 2nd Year Fellow. Candidates selected to move on to the next round will be invited to attend Catapult, which is mandatory to be considered for the Fellowship. We will be conducting in-person interviews with Toigo Alumni during the event. Final decisions for fellowship offers are made by the President of the Toigo Foundation.
If I apply, am I required to attend Catapult? Attending Catapult is the final selection round for MBA Class of 2021 Fellowship. If you advance to this round as a finalist for the Fellowship, attendance is mandatory.