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Summer Fellowships

The Rock Summer Fellowship program, funded by gifts from Arthur Rock and the John F. Lebor Family, provides the opportunity for RC students to either work at a startup or work on their own startup during the summer between their first and second year of the MBA program.

Miss the Information Session? You can check out the slide deck here!

Working At A Start-up

For those RC students interested in working at an early stage start-up during the summer between their RC and EC year.

Selection Preferences
  • 10-12 week internship
  • Operational and funded/financed companies (consulting, research, brokerage, investment funds/companies, well-established SMBs are generally not favored), with:
  • > Less than 50 employees;
    > Less than $5 million in revenues (general guideline);

  • Generally, a maximum of one fellow per company per summer;
  • Student responsibilities should be clearly defined by the company;
  • A senior executive internal mentor should be assigned by the company to work with the student on a regular basis;
  • Operational function or exposure to operational functions preferred;
  • Internship work should not be based solely on research/analysis, and should be articulated carefully and thoroughly in both the application/student memo and the company letter.
  • Students working for or starting a non-profit/social enterprise are generally encouraged to apply for a Social Enterprise Summer Fellowship. You may not apply to both programs.
Funding
  • Fellowship not to exceed $6,000; will bring total summer comp to $12,000, including employer contribution
  • If employer contribution is less than $6,000, we may still award a $6,000 fellowship, if we determine that employer is strongly committed to a high-quality internship experience.
  • Preference will be given to applicants whose employers match funding
Application Requirements
  • Poll Submission
  • Application Cover Sheet
  • More detail about your proposed project this summer to include: (not to exceed 5 pages)
  • > Description of the proposed project with clear deliverables
    > Detailed assessment of how you believe the experience will contribute to your educational experience in the MBA program and your own career development
    > Description of the start-up and its history, including revenue for the most recent twelve months and number of employees. To be eligible, a start-up should have less than $5 million in revenue and fewer than 50 employees.

  • A letter from the start-up indicating:
  • > Description of your role/project for the summer
    > The dates of your employment
    > Compensation contribution from start-up
    > Information about who will supervise your work.
    > The letter should be signed by the CEO or another person in senior management. Contact phone number and email address should be included so that the selection committee can contact this person, if necessary.

Working On Your Own Start-up

For those RC students wanting to work on their own start-up during the summer between their RC and EC year.

Selection Preferences
  • Will dedicate 100% of time to start-up over the summer
  • Favor operational start-ups vs. consulting, research, brokerage, or investment funds/companies
  • Thoughtful and detailed plan for the summer (roadmap for development, experimentation, accomplishing other key milestones)
  • Have not yet raised significant capital
  • Not participating in another accelerator program that provides funding
  • Maximum of 2 fellows fully funded per start-up (i.e. a maximum total of $12,000 to any start-up); If 3 fellows apply, total allocation will be divided by three ($4,000/ea)
  • FIELD 3 teams are invited to apply
  • Note that students working for or starting a non-profit/social enterprise are generally encouraged to apply for a Social Enterprise Summer Fellowship. You may not apply to both programs.
Application Requirements
  • Poll Submission
  • Application Cover Sheet
  • More detail about your proposed project this summer to include: (not to exceed 5 pages)
  • >Please tell us about each founder, their role, and each founder's relevant experience
    >What are your customers' pain points?
    >How will your start-up address the pain points?
    >What is your value proposition?
    >Describe your target segment and the size of your addressable market.
    >Please describe your business model.
    >Please describe current status of start-up and any milestones achieved (e.g., prototype status, customers, revenue)
    >Funding requirements and funding status of the start-up
    >3 month roadmap outlining specific milestones & objectives you hope to accomplish over the summer
    >Current partnerships or relationships in place that will you help you achieve the summer milestones & objectives stated above.
    >12 month roadmap outlining milestones & objectives following the summer

Application Deadline

Application materials must be submitted in hardcopy to Anamarie Farr in Rock 107.

Submitted in hardcopy to Anamarie Farr in Rock 107.

Two application rounds:
  • 12:00 Noon on March 3 (decisions by 3/12)
  • 12:00 Noon on April 18 (decisions by 5/2)
  • Students who do not receive a fellowship in the first round may update their application & reapply for second round.
  • All applicants accepted in the first round will need to fill out a short survey (providing update on their status) by noon on April 11 in order to maintain their RSF status. The survey will be sent to all first round admitted applicants shortly after March 12.
Also note that the committee has no information on the financial need of students (financial need-or lack thereof). Contact Peggy Yu with any questions.

Rock Summer Fellow's Commitment

Reports

All Rock Summer Fellows will submit:
  • 3 monthly reports, 2 pages per report
  • > end of June
    > end of July
    > end of August

  • In each of these reports, we ask you to update on the following:
  • > Accomplishments thus far
    > Challenges encountered
    > Goals for the coming month
    > In the final report, we also ask you share lessons learned and your experience will impact your coming EC year and full-time pursuits upon graduation.

    Please note that RSF checks will be distributed upon submission of each report.

    Facebook Group

    Rock Summer Fellows are also a part of an exclusive Facebook community where each RSF will provide an update on their summer. The FB group serves as a sounding board and a trusted community for RSFs who are often far-flung and in varying geographic locations.

    Continued Engagement

    Upon acceptance into the Rock Summer Fellows program, we invite you to join a community that we hope will remain active and engaged going forward. Our plan is for this community to become a valuable point of connection now and in the future. Prior Rock Summer Fellows currently residing in various markets will be available for you to contact over the summer if you would like to reach out and hear about their experience. These Market Mentors will help support your summer experience and we will also ask you to do the same for others in the future. For this to happen, you can expect an annual outreach from our team to find out where you are and what you are doing professionally.

    Fall Wrap Up Session

    Finally, we have a Rock Summer Fellows wrap-up session where we will ask RSFs to share their learnings and experiences with others. More details to come in July.