The Indiana University Maurer School of Law is currently interviewing candidates for a novel, full-tuition JD/MBA scholarship program.
The school announced earlier this month its partnership with the SKK Graduate School of Business of Sungkyunkwan University in Seoul, South Korea.
As part of the new IU Maurer/SKK Graduate School of Business International Fellows program, scholarships will be awarded to as many as 10 academically qualified students.
Each scholarship award is estimated at $30,000 per student.
The international fellows will typically complete two years of study on the Bloomington campus, then transfer to Korea for one year to earn credit toward their MBA before returning to IU to complete the joint degree program. Students earn their J.D. and their MBA in only four years.
IU Maurer Dean Austen Parrish said 12 students from the law school had earned their MBAs from SKK in previous years.
“We’ve had this JD/MBA for quite some time, but they’re interested in recruiting more of our students,” he said. “This is a way to make the MBA component of the program free, at least on tuition.”
Parrish said instead of taking five years to earn their JD/MBA, as students normally would, this would allow them to complete two years in America, one year in Korea, and the fourth and final year back at IU Maurer. He said this is the first joint JD/MBA program with a foreign business school he was aware of anywhere in the country.
Students in Maurer’s JD/MBA program are supported by a faculty director, professor Mark Need, an alumnus and former practitioner with extensive experience in the business world. Parrish said Need is now in the process of interviewing candidates for scholarships.
In addition to significant financial support from SKK, students admitted to the program will be eligible to participate in other activities, including the innovative Elmore Entrepreneurship Clinic and the Business Law Society. The school’s Office of International Programs provides support to law school students as they prepare for their year at SKK Global School of Business and helps connect them with the school’s global partners throughout Asia.