The University of Chicago Booth School of Business is offering students from India a new scholarship, supported by a $3 million gift from the Ramakrishnan family.
According to a press release, the ‘Guru and Anupama Ramakrishnan Endowed Scholarship Fund’ will provide tuition support annually to three students from India who are enrolled in Chicago Booth’s full-time MBA programme.
The scholarship will be available to qualified students beginning this fall and three first-year students will each be awarded $25,000 a year, totaling $50,000 each for the two-year programme.
“It is our privilege to support the institution that has helped shape my intellectual and professional growth. To be able to find a way to give back, which also benefits aspiring students from India, makes it doubly rewarding,” Guru Ramakrishnan said.
A 1988 Booth alumnus, Ramakrishnan is the founder and chief investment officer of Meru Capital, based in New York.
A native of Chennai, Ramakrishnan began his career at Morgan Stanley in 1988, where he worked until 2005. He then co-founded the hedge fund/private equity firm Old Lane.
Chicago Booth Dean Sunil Kumar said given the strong applicant pool from India, this scholarship will allow more talented students to study at Booth.
India represents the largest non-US population in Chicago Booth’s full-time class, the press release said.