BOSTON — Soon after they graduate this year, nine newly minted Harvard Business School MBAs will join nonprofit and public-sector organizations with the help of the School's Leadership Fellows program. Now in its seventh year, the program provides Fellows with a one-year position in a nonprofit or public sector organization where they can make a significant contribution. Participating organizations pay Fellows $45,000, and HBS supplements that with a one-year grant of an equal amount. Throughout the year, Fellows also benefit from access to HBS resources and return to campus for organized networking and professional development events with other Fellows.
This year's Fellows and the organizations where they will work are:
Leadership Fellows program organizations are chosen each year by an HBS steering committee made up of faculty and staff representing the School's MBA Program and its Social Enterprise Initiative. Criteria for selection include the scope and nature of the proposed position, capacity of the organization for utilizing the leadership and management skills of Harvard MBAs, and potential student interest. Once selected, organizations are listed as available opportunities, and student interest determines the number of candidates for a particular position. Fellows are chosen by the hiring organization through a standard interview process.
"The Leadership Fellows program is an equally valuable relationship for our graduates and the participating organizations," said Professor Joseph L. Badaracco, Chair of the Harvard MBA Program. "Nonprofit and public sector organizations are able to leverage the experience, energy, and analytical skills of our MBAs, while the School's most recent graduates are given the opportunity to take part in leadership and management positions in the social enterprise industry early in their career."
More than 90 percent of Fellows receive an offer to stay at the organization that initially employed them. Approximately one-third of the program's alumni are still at that organization, while one-third have moved on to a similar operation, and one-third have joined the for-profit sector.
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Grounded in HBS's mission to educate leaders who make a difference in the world, the Social Enterprise Initiative aims to inspire, educate, and support current and emerging leaders to apply management skills to create social value. Through an integrated approach to social-enterprise related teaching, research, and activities at HBS, the Social Enterprise Initiative engages with leaders in all sectors to generate and disseminate practicable resources, tools, and knowledge with the ultimate goal of bettering society. For more information, visit: www.hbs.edu/socialenterprise/.
Founded in 1908 as part of Harvard University, Harvard Business School is located on a 40-acre campus in Boston. Its faculty of more than 200 offers full-time programs leading to the MBA and doctoral degrees, as well as more than 80 open enrollment Executive Education programs and more than 60 custom programs. For more than a century, HBS faculty have drawn on their research, their experience in working with organizations worldwide, and their passion for teaching to educate leaders who have shaped the practice of business and entrepreneurship around the globe.
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