Indeed, the world’s leading job site, creates scholarship at INSEAD to help foster entrepreneurial talent.

Gifted by Indeed and INSEAD alumni Paul Forster and Rony Kahan, the first INSEAD Indeed Endowed Scholarship will be awarded in 2016.

Middle East, Asia, Europe
10 January 2016

INSEAD, the world’s leading business school, has received a €1 million gift jointly from Indeed, Paul Forster and Rony Kahan, the entrepreneurs behind the popular job-search site. This generous donation will enhance the school’s scholarship offer by stimulating broader diversity among MBA candidates while bringing the benefits of an INSEAD education to aspiring entrepreneurs.

The scholarship will specifically support students with atypical backgrounds and creative entrepreneurial goals. The need to repay tuition loans can be a deterrent to pursuing more unconventional careers when graduates consider their post-MBA paths. By easing the debt burden, the Indeed Endowed Scholarship aims to encourage candidates to follow their entrepreneurial ambitions early on.

Successful entrepreneurs and alumni themselves, the donors are well aware of the benefits of an INSEAD MBA degree. “We want to do something for INSEAD so that future MBA students can realise their entrepreneurial dreams,” said Paul Forster, co-founder of Indeed. “People from non-business or atypical backgrounds often don’t have the resources to fund a full-time MBA and may not even think they are suitable candidates. We hope our scholarship will encourage and help them.”

“We are very grateful for this wonderful support,” said Ilian Mihov, Dean of INSEAD. “In a highly competitive business school environment, a robust scholarship programme is the most powerful means to attracting and retaining the best candidates. Scholarships, such as the one from Indeed, continue to make a tremendous impact at INSEAD, allowing students from all over the world and diverse backgrounds to join the school. Each scholarship sends the message that INSEAD stands for true diversity, and talent before means.”

Paul Forster and Rony Kahan first met as MBA students at INSEAD in 1994. Four years later, they launched their first venture, Jobsinthemoney, an employment site for finance professionals. Both credit the skills and experience they gained at INSEAD with helping them achieve their goals and successfully build Indeed, their second venture. Rony Kahan, Indeed co-founder said, “The student body at INSEAD was very motivating. It was great to be exposed to such ambitious and talented professionals.”

The Indeed Endowed Scholarship is a major new contribution to INSEAD’s scholarship offering. The amount of an award can be up to €20,000. Applications are now open for the September 2016 MBA intake. Only candidates who have been admitted to the MBA programme may apply.

Please visit Indeed Endowed Scholarship for more information.

About Indeed

Indeed is the #1 job site worldwide, with over 180 million unique visitors per month. Indeed is available in more than 50 countries and 28 languages.

Since 2004, Indeed has given jobseekers free access to millions of jobs from thousands of company websites and job boards. As the leading pay-for-performance recruitment advertising network, Indeed drives millions of targeted applicants to jobs in every field and is the most cost-effective source of candidates for thousands of companies.

Founded by Paul Forster and Rony Kahan, Indeed is a subsidiary of Recruit Holdings Co., Ltd. In the US, Indeed has offices in Austin, New York, San Francisco, San Mateo, Seattle, and Stamford. Outside of the US, Indeed has offices in Amsterdam, Dublin, Düsseldorf, Hyderabad, London, Paris, Sydney, Tokyo, and Toronto.

www.indeed.com

ABOUT INSEAD, THE BUSINESS SCHOOL FOR THE WORLD

As one of the world's leading and largest graduate business schools, INSEAD offers participants a truly global educational experience. With campuses in Europe (France), Asia (Singapore) and Middle East (Abu Dhabi), INSEAD's business education and research spans three continents. Our 148 renowned faculty members from 40 countries inspire more than 1,300 students in our degree and PhD programmes. In addition, more than 9,500 executives participate in INSEAD's executive education programmes each year. In 2016, all three of INSEAD’s MBA programmes are ranked #1 by the Financial Times in their categories: MBASingle School Executive MBA, and the Tsinghua-INSEAD Executive MBA.

CONTACTS FOR PRESS

EUROPE

Sophie Badre
TEL: +33 1 60 72 45 26
EMAIL: sophie.badre@insead.edu

Julia Irrgang
TEL: +33 1 60 72 93 34 
EMAIL: julia.irrgang@insead.edu

ASIA

Aileen Huang
TEL:+65 67995552
EMAIL: aileen.huang@insead.edu

Cheryl Ng
TEL: +65 64077234
EMAIL: cheryl.ng@insead.edu

MIDDLE EAST

Zeina Sleiman
TEL: +971 50 640 31 91 / +971 2 651 5320
EMAIL: zeina.sleiman@insead.edu

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