Dana Scholars Boost Quality of MBA Class

Andrew Hawkins enrolled in our one-year MBA program in August 2012 with an undergraduate degree in history and 3.85 GPA from Sewanee: The University of the South. As an outstanding candidate joining the MBA cohort, Hawkins’ high credentials helped him earn the first $5,000 MBA scholarship funded by Charlie and Posy Dana.  Upon graduation, Hawkins landed a marketing analyst position with the tech firm, BenefitFocus.

Benjamin KoetterBenjamin Koetter is a member of the incoming 2013-2014 cohort and the next Dana Scholar. Koetter is a high performing MBA student who joins us from Indiana University-Bloomington with a degree in public finance and Spanish. He was a Presidential scholar and served in three internships before graduating.

The common link between these two talented young men is that their MBA experience was made possible in part by a scholarship established by Charlie and Posy Dana. The Dana’s son, Eli, graduated from the College in 2009, and Charlie is a member of the School of Business’s Board of Governors. Charlie and Posy live in Newport, Rhode Island, where Charlie is President of Newport Shipyard.

Last year, the Danas gave $88,000 to the School of Business to support several of our priorities and programs.

More than $37,000 of their total gift was tagged for the Dana MBA Scholarship, partly to provide funds for immediate use with students and partly to build the Dana MBA Scholarship Endowment.

Elite scholars like Hawkins and Koetter are extremely challenging to recruit in the competitive MBA marketplace. Students with a GMAT score approaching 700 and above can attend any program in the world and most universities will cover their tuition and fees to attend. In this case, the Dana scholarship came at the right time for both students as they started the program.

“There’s no doubt that scholarships allow us to attract talented students in high demand,” says James Kindley, director of the MBA program. “The Dana Scholarship is an important building block to our MBA program as we plan to make more funding available on a competitive basis.”

“The one-year program was important because I wanted to re-enter the workforce as quickly as possible,” says Hawkins. “The Dana scholarship is greatly appreciated and very helpful in offsetting program costs.” The Danas’ gift also included generous support of the School of Business Dean’s Excellence Fund and our Master of Accountancy Study Abroad Program.

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