Research shows that there is an under-representation of women pursuing post-graduate management education and that a core barrier to participation is the financial resource barrier. To help to address this, Lloyds Banking Group is providing four scholarships of £30,000 each, for four years starting from the 2014/16 cohort, London Business School has announced.
As part of its vision to help Britain prosper, Lloyds Banking Group is keen to encourage more women to study for an MBA and increase the potential for more women to become future business leaders.
The Lloyds Scholars MBA Scholarship for Women is available to female candidates who have been residents of the United Kingdom for three years or more who have successfully applied for a place in the LBS full-time MBA program.
Graham Lindsay, director of responsible business at Lloyds Banking Group, says his company is proud to partner with LBS to further extend its focus on women in leadership.
London Business School’s associate dean of degree programs and career services, Wendy Alexander, says, “Women’s leadership is – at last – coming of age and we believe that they are particularly strong on the team approach, thriving on collaboration and prizing diversity at work. We have made real progress in attracting more women to London Business School but we know there is still much to do.”
“These significant scholarships from Lloyds Banking Group will incentivize an important group – women living in the UK – to take on an MBA in order to further develop themselves as business leaders of the future.”
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