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Toigo Fellows meet rigorous criteria. Academic
prowess is a must, as well as ambition, integrity, emotional maturity, and leadership
potential. Expectations are high, not just during graduate school,
but once a finance career has begun. There are programs available for:
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Students entering accredited, 2-year full-time MBA programs |
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Students in their 2nd year of business school who were unable to apply for the Fellowship prior to business school, but who want the opportuity to affiliate with Toigo prior to graduation |
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Students pursuing a joint degree program directly tied to the field of finance |
In order to apply for the Toigo Fellowship, you must:
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Be a US citizen
or a permanent resident. |
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Be a minority, as defined by
the U.S. Department of Labor, (i.e., African American,
Asian |
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American/Pacific Islander,
US Latino, Native American/Alaska Native and/or
South Asian |
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American) |
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Be planning a career
in financial services after graduation including, but not limited
to: Investment |
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Management, Investment Banking,
Corporate Finance (non-Investment Banking), Real |
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Estate, Private Equity, Venture
Capital, Sales & Trading, Research, or Financial
Services |
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Consulting. |
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Complete the online application
form and pay the application fee. |
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1. I
have a multi-ethnic background. Am I eligible for
a Toigo Fellowship?
2. Is
a pre-MBA finance background and/or job experience
in finance a prerequisite for the
Toigo
Fellows program?
3. What
if I’m not completely certain I’m interested
in finance?
4. If
I apply for a Toigo Fellowship, does it preclude me
from applying to other fellowships offered
by financial services firms?
5. I was recently awarded a full
tuition Consortium fellowship.
Is there a way for me to still be
a Toigo Fellow?
6. Am I eligible
for the Toigo Fellowship if I am a “January
admit” to business school?
7. If my business
school application is waitlisted, can I still apply
for the Fellowship?
8. I intend to
major in marketing with a minor in finance. Am I still
eligible for a Fellowship?
9. What about students
who want to be entrepreneurs and intend to study finance
as a foundation
for learning about start-ups?
10. I am interested
in pursuing opportunities within the investment arm
of large private or corporate
foundations. Does that qualify as an interest in finance?
11. I
will be a second-year MBA student and just learned
about Toigo, can I get involved in the programs
and networking events Toigo offers?
1. How many applicants
apply per year for how many Toigo Fellowships?
2. What kind of
commitment is required to ensure Fellows pursue careers
in finance after completing
their MBA?
3. 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?
4. What hardcopy materials do I need to send to the Foundation to
complete my application and when do they need to be received?
5. What is the
total amount of financial support offered through
the Fellowship?
6. Is there an interview process
for students applying in their second year of business school?
1. Will all applicants
be interviewed?
2. How long is
the interview process?
3. Where are the
interviews held?
4. Will any interviews
be done over the phone or by videoconference?
5. After my interview,
how long will it be before I hear whether I’ve
been offered a Toigo Fellowship?
6. Do you provide
travel reimbursement for the interviews?
7. Will the June
Orientation Program for new Fellows be sponsored?
1. I have a multi-ethnic
background. Am I eligible for a Toigo Fellowship?
In order to qualify for the Toigo Fellowship, you
must be a U.S. minority of African-American, Hispanic,
Native American/Alaskan Native, or Asian/Pacific Islander
descent.
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2. Is a pre-MBA finance
background and/or job experience in finance a prerequisite
for the Toigo Fellowship program?
No. What is required is passion, drive, solid analytical skills, and an interest
in developing a career in the industry. Approximately
50% of our Fellows are “career transitioners”
who come from backgrounds such as engineering, the
military, marketing, and consulting.
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3. What if I’m
not completely certain I’m interested in finance?
To qualify for the Toigo Fellowship, you must be fully committed
to a career in finance, including, but not limited
to: Investment Management, Investment Banking, Corporate
Finance (non-Investment Banking), Real Estate, Private
Equity, Venture Capital, Sales & Trading, Research,
or Financial Services Consulting. If you are uncertain we suggest
you hold off from applying until you are ready to commit to a career
in the financial services industry.
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4. If I apply for a
Toigo Fellowship, does it preclude me from applying
to other fellowships offered by financial services
firms?
We encourage you to apply to any or all
fellowships that may be of benefit to your academic career. 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.
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5. I was recently awarded a full
tuition Consortium fellowship. Is there a way for me to still be
a Toigo Fellow?
Yes. You will need to discuss how the funding would work with your
admissions or financial aid representative, because the Toigo grant
is only applicable toward tuition. In addition, we ask that you identify
yourself as a “Toigo Fellow and Consortium scholarship recipient.” 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.
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6. Am I eligible for the Toigo
Fellowship if I am a “January admit” to
business school?
While the Foundation traditionally supports only those students entering
an MBA program that begins in the fall, we handle January admits on a case by case basis.
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7. If my business school
application is waitlisted, can I still apply for the
Fellowship?
Yes. However, you will need to show proof of admittance to an MBA program by May 1, 2008.
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8. I intend to major
in marketing with a minor in finance. Am I still eligible
for a Fellowship?
As long as the career you plan to pursue is finance-related, we are
more than happy to consider your application for the
Fellowship.
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9. What about students
who want to be entrepreneurs and intend to study finance
as a foundation for learning about start-ups?
While entrepreneurship is something some of our Fellows
and Alumni have pursued several years after graduation,
our Fellowships are designed only for candidates whose
primary interest is in financial careers.
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10. 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.
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11. I will be a second-year
MBA student and just learned about Toigo, can I get
involved in the programs and networking events Toigo
offers?
Toigo now provides for second-year students to participate in the program as well.
There is a separate application process, which is now available
here.
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1. How many applicants apply
per year for how many Toigo Fellowships?
The number of applicants varies from year to year,
usually between 250 and 300. From that pool, we select
a class of 50-70 Fellows annually.
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2. What kind of commitment
is required to ensure Fellows pursue careers in finance
after completing their MBA?
Fellows are required to secure both summer internships
between their first and second year and full-time
employment in the financial services industry after
graduation. We ask all Fellows to sign a contract
affirming their commitment to an internship in financial
services and a full-time finance-related
job for two years following graduation.
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3. 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?
Photocopies of your transcripts
and GMAT scores are acceptable. These should be sent
along with a copy of your formal letter(s) of MBA
admission in one envelope no more than one week after
the online application deadline.
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4. What hardcopy materials
do I need to send to the Foundation to complete my application
and when do they need to be received?
The following materials will need to be provided by the indicated time;
| Hardcopy Materials |
Due Date |
| Photocopy of your official transcripts from each undergraduate and
graduate institution listed in the Education section |
5:00 pm PST on the application deadline date |
| Photocopy of your official GMAT scores |
5:00 pm PST on the application deadline date |
| Copy of your resume |
5:00 pm PST on the application deadline date |
| Photocopy of acceptance letters from each MBA Program listed in the Academic Plans section |
May 1, 2008. If you are waitlisted for the program you are applying to will not
notify you until after May 1, please let the Foundation know. |
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4. What is the total amount of financial support offered
through the Fellowship?
The Foundation provides a merit
award of $5,000 per year of study, which is applied
to your tuition.
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5. Is there an interview process for students applying in their second year of
business school?
For second-year students invited to interview for the Fellowship,
interviews will be conducted by phone.
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1. Will all applicants
be interviewed?
No. Applicants
will be interviewed by invitation only.
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2. How long is the
interview process?
The interview process consists of two interviews, each lasting between
20-30 minutes. Each interview is conducted by Toigo Alumni
and corporate sponsors.
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3. Where are the interviews
held?
2008 interviews are currently planned for New York and Chicago.
Additional locations will be identified based on our finalist pool.
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4. Will any interviews
be done over the phone or by videoconference?
Generally, all candidates invited to interview must be present
for a face-to-face meeting. Exceptions may be considered on a case-by-case basis.
If this applies to you, please notify the Foundation.
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5. After my interview,
how long will it be before I hear whether I’ve
been offered a Toigo Fellowship?
Fellowship decisions will be rendered approximately
2 weeks after the interview date.
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6. Do you provide travel reimbursement
for the interviews?
No. As a non-profit, we are not in a position to cover
applicants’ travel costs.
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7. Will the June Orientation Program for new
Fellows be sponsored?
Yes, lodging, airfare, and related costs will be covered
for all new Toigo Fellows.
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