Scholarship Overview

INSEAD Rémy and Verena Best Endowed is a type of scholarship which is offered at INSEAD - France to those international students who are pursuing a Masters Degree. This is a Need Based Scholarship, which is provided to only 4 students. INSEAD Rémy and Verena Best Endowed are valued at Euro 40000 for 4 students who qualify from INSEAD - France. Also, the INSEAD Rémy and Verena Best Endowed is a one time tuition reducing scholarship, offered in the first year of Masters Degree only. Applications for INSEAD Rémy and Verena Best Endowed at INSEAD - France are filed separately. To be eligible for the award, applicants must have completed their 12th grade and also possess a Bachelor degree. As part of the selection process, students must attend an interview. In order to apply for the scholarship, students need the following documents: Essays and Financial Documents. Along with the INSEAD Rémy and Verena Best Endowed application. The eligibility of the students to qualify for INSEAD Rémy and Verena Best Endowed would solely depend on the applicant’s admission to INSEAD - France Masters Degree, his/her aptitude for an overall contribution towards INSEAD - France community and of course the academic achievements.

Applicable course, university and country

This scholarship is applicable for Masters Degree

This scholarship is applicable for the following courses in INSEAD - France in France

• Master in Business Administration

Scholarship amount details

Max scholarship per student: Euro 40,000 => Rs 36,42,400

Conversion rate used: 1 Euro = Rs. 93.25 (last updated 26th September 2024)

Scholarship amount will be given: One Time

Scholarship amount can be used for

Type of Expense	Indicates if scholarship can be used for this type of expense
Tuition & Fees	✔Scholarship amount can be used for this
Living Expense	×Not covered in scholarship
Accommodation	×Not covered in scholarship
Air Fare/Travel Expenses	×Not covered in scholarship
Spouse/Child Care	×Not covered in scholarship
Health Cover	×Not covered in scholarship
Application	×Not covered in scholarship
Others	×Not covered in scholarship

• The scholarship award amount will be deducted from the last installment of the tuition fees

Student Awards

Number of students to be awarded: 4

• One to two scholarship awards will be made in each Class (2 classes a year)

Scholarship Eligibility

Special Restrictions

• No Special Restriction applicable

Exams Details

Exam name	Indicates if exam is required and cutoff (if any)
12	Required
UG	Required
Interview	Required

Eligibility

• Work experience will be considered, if any
• Interview may be required 
• Applicants :
  • must be able to demonstrate the financial need to cover the educational expenses
  • must be enolling or enrolled to MBA programme at INSEAD- France Campus

Preference will be given to following candidates:

• 30% of scholarship funds will be reserved for Round 3 candidates

Application Process for this scholarship

Application Documents

Type of documents	Indicates if this type of document is required to be submitted
Essays	Required
Financial/Tax Documents	Required
Work Experience	Required

• Essay- Guidelines are as follows:
  
  • In approximately 300 words for all the questions that follow:
    • Introduce yourself and include an account of your early years i.e. where you grew up and the primary and secondary schools you attended. How did you finance your secondary education
    • Briefly describe how you envisage contributing to the future development of your country/region after graduation
    • Give the main reason why an INSEAD MBA is relevant to your future career development
  • In approximately 300 words provide a concise but accurate description of your financial circumstances as well as your budget for the year at INSEAD
    • How do you expect to finance your studies if you do not obtain a scholarship from INSEAD
    • Why INSEAD should consider you for a Diversity scholarship
    • What amount do you consider appropriate
• Financial/Tax Documents- 
  • Proof of salary (latest salary slip or a letter from your employer)
  • Bank statements for the last three months that will reflect your checking and savings accounts
  • If you have extenuating/exceptional circumstances in the past year (supporting dependents' education, medical care, bankruptcy, etc.), provide relevant documentation
  • Documents need to be submitted on-line
• Proof of work experience, if any
• Application process:
  • For application format, applicants need to refer to the INSEAD Diversity Scholarships: https://sites.insead.edu/schlmgmt/index.cfm?fuseaction=program_route&prog=mba

Important Dates

	Date	Additional Details
Application final end date	March 05, 2024	Deadline For Class of July 2025 (Aug 2024 intake): Round 1 Application Deadline: 12th September 2023 Round 2 Application Deadline: 7th November 2023 Round 3 Application Deadline: 16th January 2024 Round 4 Application Deadline: 5th March 2024 Deadline For Class of Dec 2025 (Jan 2025 intake): Round 1 Application Deadline: 12th March 2024 Round 2 Application Deadline: 23rd April 2024 Round 3 Application Deadline: 18th June 2024 Round 4 Application Deadline: 6th Aug 2024
Interview Decision Notification Date	April 05, 2024	Interview Decision Notication Date for Class of July 2025 (Aug 2024 intake): Round 1 Interview Decision Notification: 13th October 2023 Round 2 Interview Decision Notification: 8th December 2023 Round 3 Interview Decision Notification: 16th February 2024 Round 4 Interview Decision Notification: 5th April 2024 Interview Decision Notication Date for Class of Dec 2025 (Jan 2025 intake): Round 1 Interview Decision Notification: 12th April 2024 Round 2 Interview Decision Notification: 24th May 2024 Round 3 Interview Decision Notification: 19th July 2024 Round 4 Interview Decision Notification: 6th September 2024
Final Decision Date	May 10, 2024	Final Decision Notication Date for Class of July 2025 (Aug 2024 intake): Round 1 Final Decision Notification: 17th November 2023 Round 2 Final Decision Notification: 12th January 2024 Round 3 Final Decision Notification: 22nd March 2024 Round 4 Final Decision Notification: 10th May 2024 Final Decision Notication Date for Class of Dec 2025 (Jan 2025 intake): Round 1 Final Decision Notification: 17th May 2024 Round 2 Final Decision Notification: 5th July 2024 Round 3 Final Decision Notification: 23rd August 2024 Round 4 Final Decision Notification: 11th October 2024

Please note that these dates could be in local country times and may not be IST (Indian standard time).

FAQ Link	https://www.insead.edu/master-programmes/mba/financing
Phone number	00 33 1 60 72 41 90