How does the Fellowship work?
Organizations are selected through a competitive process based on the scope and nature of the position and on the capacity of the organization to utilize a Fellow's leadership and management skills.
Fellows are chosen by the hiring organizations through a standard interview process.
Organizations pay Fellows a $45,000 salary and HBS awards Fellows a matching one-year grant of $45,000.
Our Investment
HBS provides the administrative structure and financial support needed to forge a successful connection between potential Leadership Fellows and qualified organizations.
In addition to working with your organization to create a mutually beneficial Fellowship position, the School provides a framework for the interviewing and hiring process, and can serve in an advisory capacity during the process. Throughout the year, Fellows benefit from access to HBS resources and return to campus for organized networking and professional development events with other Fellows.
Our active involvement in the program reflects an ongoing commitment to build productive relationships with organizations and Fellows that will extend well beyond the Fellowship year. As the network of the program's alumni and organizations expands, we expect this investment to build on itself, grow in influence, and deliver lasting change to the social sector.
Your Investment
Aside from the dollars-and-cents commitment to fund $45,000 of the Fellow's salary for one year, the first step to ensure a productive experience for both the organization and the Fellow is to create a position proposal that includes the following characteristics:
- Reports to the CEO, or reports to another senior executive and has regular access to the CEO (this could include attending selected key meetings with the CEO, establishing monthly lunches with the CEO, or creating mentoring opportunities with the CEO)
- Involves managerial and leadership development activities distinct from a full–time position
- Focuses on a discrete project or set of responsibilities critical to the organization's success
While the term of your investment runs just one year, the returns offer lasting benefits in the value that Fellows bring and in staff development. On average, one–third of program alumni stay with their hiring organizations beyond the Fellowship year.
Harvard Business School is grateful for the generosity of the Carl and Lily Pforzheimer Foundation Fellowship, David J. Dunn Fund 1979, Horace W. Goldsmith Foundation/Richard L. Menschel Endowment, John C. Whitehead Fund for Not-for-Profit Management, Jorge Paulo Lemann Fund at Harvard Business School, Margaret T. Morris Foundation Endowment, Michael E. Porter Leadership Fellowship, and Richard Lumpkin Dean's Discretionary Fund, which have been vital to the HBS Leadership Fellows program.
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