About Us

The Vision

The Dennis W. and Jane B. Carlton Fellowship program was established in 2006 with the goal of attracting the very best candidates from Israel to study for an MBA at the University of Chicago Booth School of Business. The fellowship is intended for students with a deep love for and commitment to Israel. After completing their MBA and gaining international experience, Carlton Fellows are expected to return to/stay in Israel, where they will apply their skills and understanding of market economies in business, government or community service.

The University of Chicago Booth School of Business is widely known as one of the top business schools in the world. The school’s faculty comprises of many renowned scholars, including two Nobel Prize laureates. Among its graduates are numerous business leaders across the U.S. and worldwide, within a wide range of industries. Booth students are immersed in the Chicago Approach to Management Education, which leverages fundamental knowledge, rigor and practical application to business challenges. During their time at Booth, Carlton Fellows will also have opportunities beyond those offered by the school. These would include interactions with each other, with Carlton Fellowship alumni, with Dennis and Jane Carlton, and with members of the Chicago Jewish community

The Award

Fellowship awards are available to both Chicago Booth Full Time and Executive MBA students.

Full Time MBA (Chicago)

Each fellowship award includes a full tuition scholarship for two years and an annual $15,000 stipend. The fellowship is structured as a loan which is forgiven if the recipient returns to Israel within five years of completing his/her MBA studies. Confirmation of residence in Israel will be required at that point in time. Failure to comply with the residency and notification requirements will result in repayment of the loan commencing in the sixth year.

Executive MBA (Chicago, London and Hong Kong)

Each Executive MBA Fellowship award is in the amount of $150,000 paid in two equal installments over the course of the program. The fellowship is structured as a loan which is forgiven if the student resides and works in Israel for a minimum of three years, beginning no later than five year from completion of the program.

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