The Erb Institute provides several forms of financial support to MBA/MS program students, with the intent of reducing net cost of the program, recognizing student contributions to the Erb Institute community and supporting the intellectual, personal and professional development of students. These grants have been made possible by generosity of individual donors, and the amount of money available for granting varies subject to receipt of gifts and returns on invested funds. Because Erb Institute scholarship funds are limited, students are kindly requested to seek other, additional sources of aid and awards.
The Institute awards merit-based scholarships to entering students with the objective of recruiting a student population with diverse backgrounds and interests and a record of professional, academic and community accomplishments. New students are eligible to apply if they have applied to both Ross and SNRE in the same admissions cycle and have been admitted to at least one. Awards are made on a rolling basis until available funds are exhausted (approximately $200,000 is awarded annually), therefore students are advised to apply as soon as they are eligible. Award amounts vary and not every student will receive an award. Awards are disbursed as tuition credits during a student’s sixth semester of enrollment in the MBA/MS program.
Recruitment Award Guidelines
Supported by the Koch Family, US Renewables Group, Peter Mertz and the Erb family.
Purpose: The Renewable Energy Scholars awards encourage Erb Institute MBA/MS students to invest time and effort exploring and developing early-stage ideas and insights in the renewable energy field. The fellowships focus on extracurricular action-based learning and professional development activities. The intention is to inspire students to look a little deeper and longer into interesting or intriguing ideas they have for products, services, business models, investments, policies and more.
Renewable Energy Scholarships Details and Application / (Applications for 2014 fellowships are due on November, 14 by noon EST).
Coultrap Family International Project Fund Grants
Established by the Coultrap family in honor of Charlotte Coultrap-Bagg (MS/MBA ’11) and in memory of Paul W. Coultrap. (MBA ’41).
Purpose: Grants from the Fund are intended to support Erb Institute MS/MBA students via study abroad or other internationally based learning experiences. Grants may be used in connection with international academic projects including, but not limited to, Master’s Opuses, independent study and internships. Funding priority will be given to for-credit projects, and particularly for application to travel costs, as the main source of additional cost burden for international projects. Coultrap Fund grants will not be included in the usual funding limits applied to Erb Institute support for Master’s Opuses and internships; however, other funding-eligibility requirements and priorities for such projects will apply.
Coultrap Family International Project Fund Details
Summer Internship Stipends
The Erb Institute seeks to develop leaders capable of contributing to many kinds of organizations, including non-profit, and hybrid organizations, social ventures and government agencies as well as private businesses. In order to reduce the economic disincentive represented by generally lower salaries offered by non-traditional MBA internship employers, the Institute offers its MBA/MS students supplementary stipends. Stipends are intended to bring total compensation in line with a benchmark “full-funded internship” which has been set at $10,000 for 2013. Qualifying internship employers include non-profits, government agencies and start-up social ventures, as defined in the Erb Internship Funding Guidelines.
Additional qualifying criteria are detailed in the funding guidelines. Stipend amounts are subject to funds availability and the number of MBA/MS stipend applicants in any given year. Students may be pre-approved for funding by submitting their Intent for Internship Funding Application by Noon on Monday, February 25. Pre-approval provides students with a preliminary determination of an employer and position’s eligibility for stipend support, and a guarantee that the student will receive a share of available stipend funds if they accept a pre-approved internship. Students who apply after February 25 are put into a secondary applicant pool and receive notification of their awards, if any, after March 28.
- Download your Erb Internship Funding Guidelines here.
- Download your Intent for Internship Funding Application here.
Entrepreneurial Support Grants
Mayleben Venture Shaping – Dare to Dream is a grant program that encourages Erb MBA/MS students to move through the sustainable business creation process by offering business development seminars and $500-$10,000 in grants. Within the program, students meet deadlines to produce deliverables that guide them through the business development path from a nascent idea to formulating and assessing potential businesses to planning and launching these businesses. The Erb Institute partners with the Zell Lurie Institute for Entrepreneurial Studies in administration of the program and grants.
Erb Institute Dare to Dream grants are available for MBA/MS students whose business ideas are within mission scope for Erb and meet general business criteria as judged by the Zell Lurie Institute. MBA/MS students should apply via the Zell Lurie Institute process. Proposals that are out of scope and do not qualify for Erb Institute funding, but have general business merit, may still receive Zell Lurie Institute Dare to Dream support.
Please see http://www.zli.bus.umich.edu/events_programs/dream_details.asp for details.
Erb Institute MBA/MS students are eligible to apply for limited funding to subsidize expenses associated with conducting the sustainability-related research that is necessary to fulfill the requirements of the Masters Opus at the School of Natural Resources and Environment. Applicants must fully articulate the scope of their planned research activities and demonstrate that the expenses to be funded are necessary to conduct this research. Deadlines for submission are March 3 and July 25 and awards are capped at $1,500 per student. Current students: Apply here
Masters Opus Impact Grants
The Institute offers Impact Grants to support MBA/MS students who go beyond the academic requirements of their opus work to encourage adoption of their ideas in the community of practice and to pursue related opportunities that offer career advancement. Grant amounts: up to $1,000 per member of the team, whether Erb MBA/MS or SNRE MS. Deadlines for submission are March 3 and November 15. Apply here.
Since its inception, the Erb Institute MBA/MS Program has continuously improved owing substantially to the unselfish contributions put forth by countless students enrolled in the program. To recognize these efforts, the Institute bestows four annual service awards for the most extraordinary student contributions. (Three awards were offered prior to 2008). Winners of these awards are selected by their fellow students and earn $2,500 scholarships along with public recognition.
- 2013 Winners: Sabrina Sullivan, Jimmy Ward, Adam Byrnes and Lawrence Han
- 2012 Winners: Rachel Smeak, Mary Fritz, Cynthia Shih, Phel Meyer and Caitlin Harren (see photo)
- 2011 Winners: James D. Shea, Lauren D. Start, Allison Shapiro and Graham Brown
- 2010 Winners: Paul Davis, Brian Moss, Sarah Shapiro and Nate Springer
- 2009 Winners: Russell Baruffi, Anna Coldham, Katie O’Hare and Ryan Whisnant
- 2008 Winners: Russell Baruffi, Aaron James, Jackie Pitera and Emily Reyna
- 2007 Winners: Michele Diener, Josh Nothwang and Brian Swett
- 2006 Winners: Alex Keros, Karen Putterman and Doug Wein
- 2005 Winners: Marshall Chase, Chris Guenther and Sarah Winkeller
- 2004 Winners: Jon Forrester, Bryan Magnus and Sara Nosanchuk
Conference Fees and Related Travel
The Erb Institute has given significant consideration to this issue over the years and we have concluded that the best forms of direct financial support for students are third-year scholarships, non-profit internship subsidies, small research grants and service awards. Therefore, the Erb Institute does not award any funding related to general conference attendance.
Please note that SNRE provides some funding support for conference attendance. Current students: Click here to apply
There is also a funding source within Rackham that students can draw on if they are presenting academic work at conferences. Current students: Click here to apply
Current Student Recruitment Award Eligibility Guidelines
MBA/MS students must satisfy several ongoing eligibility requirements in order to receive their awards, which are disbursed during the second semester of their third year of enrollment.