Posted by: Alison Damast on October 8, 2008
The University of Rochester’s Simon Graduate School of Business is stepping up to help business school applicants who have lost their jobs because of the financial crisis. The school announced on Oct. 8 that it will be offering 50 scholarships up to full rides to students in the incoming January class, as part of a program Simon is dubbing “InnovatUR.”
The move is part of a plan to add an additional 60 to 75 slots this year, bringing the size of the first-year class to about 250 students, said Simon School Dean Mark Zupan, in an interview on Oct. 8. This is an ideal time for the school to expand because many people who were recently laid off will be applying to business school this fall and the market will be flooded with new talent, he said.
“The way we’re viewing it is that it creates an opportunity for us, like Warren Buffet,” Zupan said. “These are folks that will help us take the school to the next level.”
This is the first move I’ve heard of by a business school to offer financial assistance to those impacted by the current financial crisis. Do you think other schools should also step up to the plate given the current economic times?