Scholarships for students pursuing a master’s in business administration degree on a full-time basis are few and far between.
That reality is helping guide creation of the R. Charles Moyer MBA Scholarship Fund, a $1 million endowment honoring Moyer’s eight-year tenure as dean of UofL’s College of Business.
UofL’s Development Office met a $1 million goal set for the fund, with contributions coming from university faculty and staff as well as Louisville-area businesses.
Officials expect the endowment to generate some $55,000 a year, which will enable individual scholarships of between $5,000 and $20,000. Recipients will be selected based on academic credentials, career promise, financial need and a personal interview.
“These scholarships will not be a totally free ride,” Moyer said. “Typically, the students who get them also will work in a paid internship while pursuing their MBA.”
Moyer, who is retiring as dean in August, has helped achieve national prominence for the school, including a climb in its national rankings, the addition of outstanding faculty, a student business plan contest global win and extensive renovation of its building, Harry Frazier Hall.
Also during his tenure, the school opened a new wing for its entrepreneurship and equine industry programs, increased study abroad and forged new alliances with companies and community groups.
Besides its full-time MBA, the school also offers a professional MBA, a global MBA focusing on international business, MBAs specializing in healthcare and entrepreneurship, a doctoral degree in entrepreneurship and undergraduate degrees in business, accounting and economics.