In a bid to ensure greater access to its programmes in 2019, the UCT Graduate School of Business (GSB) has made significant funding available to support students who lack financial means.
While it remains to be seen how much last week’s presidential job summit will help to alleviate South Africa’s unemployment crisis, institutions need to do everything they can to make sure their degrees are more accessible to poorer students, says Associate Professor Kosheek Sewchurran, Acting Director of the UCT Graduate School of Business (GSB).
“Our country and continent need more skilled men and women in business to help grow the economy while also advancing the social agenda,” says Associate Professor Sewchurran. "As a top school, located in a dynamic emerging market, we have a responsibility to ensure that we are training a diverse pool of future leaders who are equipped with the skills and attitudes to move this continent forward. It is not right that many talented students are excluded for not having enough money to pay their fees and the GSB encourages all historically disadvantaged South Africans and African citizens to apply.”
“For many students, studying at the GSB is the opportunity of a lifetime as the school is internationally renowned and is one of just three business schools in Africa with triple-crown accreditation, with endorsements from EQUIS (the European Foundation for Management Development), AACSB (The Association to Advance Collegiate Schools of Business), and AMBA (The Association of MBAs),” says Segran Nair, Director of Open Academic Programmes at the school.
“An MBA is a big investment that can be expected to pay big dividends - both personal and professional - for graduates,” he adds. “But we know that many high potential students are not even applying because they lack the finances.”
Nair says that this has galvanised the GSB to shake up its systems and processes not only to make more funds available for scholarships, but also to allow students to apply for funding at the same time as they apply for a place on a programme.
“Previously, only students who had already been accepted onto an academic programme could apply for funding. But we have streamlined the system so that once an applicant demonstrates their intention to study, they can apply for a scholarship right away,” said Nair. The application process for both scholarships and admissions is open from July to October.
Darren Ravens, Marketing Manager at the GSB, explains that a key objective of the school is to increase student diversity. “We pride ourselves on being a world-class university, but firmly rooted in Africa. This means we need to represent the market we are serving. Each year we strive to recruit a diverse cohort of students, representative of race, gender and nationality,” he says.
“We encourage applicants to get their funding applications in sooner rather than later, and not wait until they find out that they have been accepted. A GSB scholarship can make a huge difference in students’ lives. It reduces their stress, lifts a weight off their shoulders and lets them concentrate fully on their studies.”
For more information and to apply please visit the UCT GSB website
Scholarship applications close on October 31, 2018.