Admiral to fund a new generation of Welsh MBAs
Financial services intermediary Admiral is offering to pick up the tab for talented Welsh students at Europe's premier business school. Over the next 3 years, Admiral will offer at least 3 Welsh students scholarships of up to £20,000 each to help cover the cost of tuition and living expenses at INSEAD business school.
With campuses in Fontainebleau (France) and Singapore, INSEAD was the first truly international business school, and its MBA is seen by many as one of the finest in the world. Alumni include Lindsay Owen-Jones (L'Oréal Chairman and CEO) and Geoffrey Ralston (co founder of Yahoo! Inc).
Admiral, who floated on the stock market last year and are now Wales' leading quoted company by market capitalisation, are well aware of the value of an INSEAD MBA; three of the senior management have one, including Henry Engelhardt, the founder and CEO, David Stevens, the Chief Operating Officer, and Peter Marissen, the Pricing Manager.
David Stevens explained why Admiral is offering the scholarship to young Welsh managers, "It's partly a way of saying thank you to INSEAD for what we learnt there and for the fun we had, and to Wales for the support Admiral enjoyed as a start-up 12 years ago, and has continued to enjoy since."
"However, it's not entirely altruistic", added Henry Engelhardt, "Admiral has got plans for the future and we're looking to deepen the pool of management talent available in Wales."
"Paying your own way through INSEAD isn't cheap. Newly qualified MBAs often opt for relatively high paying London-based jobs in banking or consultancy to help them pay their debt. We're hoping that our scholarship will not only mean more people can afford to go from Wales to INSEAD, but also more people can afford to come back to Wales afterwards."
Peter Marissen, Pricing Manager and Admiral's most recent INSEAD MBA recruit, urged ambitious young Welsh managers to apply, "It's a great way to spend a year - intense, practical, exciting and cosmopolitan. It's a strong foundation for a successful career, as well as a memorable year in a beautiful place. Hopefully the Admiral scholarship will encourage some strong Welsh candidates to apply who might otherwise be put off by the need to go into debt to fund their MBA."
To be eligible for the Admiral INSEAD scholarships you must be Welsh born, or a Welsh resident for the past two years. The criteria to be met in order to apply for an INSEAD MBA are:
- Excellent Academic Achievement
- Professional Experience and Managerial Potential
- International Outlook and Language Skills
- Ability to Contribute to the INSEAD Experience