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Scholarship Opportunities

The Lally School offers scholarships to a selective number
of MBA/M.S. applicants and all applicants are automatically
considered when they apply. Scholarships are merit-based
and highly competitive.

Masters’ Scholars Program

The Lally School Master’s Scholars Program is for master’s degree students who are awarded a Dean’s scholarship (highest level of scholarship). Those awarded a Lally scholarship (next highest level of scholarship) are also eligible to apply for the program. Those receiving a Merit scholarship or no scholarship are not eligible.

We know that high potential students seek learning experiences beyond the classroom. Research opportunities will arise each year as professors identify new research questions they are pursuing and new trends emerge to challenge or enable technology-based companies and innovations.

Possible research opportunities include (but are not limited to):
- Working with Lally faculty on one of their scholarly research projects,
- Investigating a current issue or emerging trend that should raise new research questions for our
faculty to study,
- Working with a company on a current problem of interest to them,
- Working with faculty in the School of Engineering or Science, including the BioMedical Engineering department and the Center for Biotechnology and Interdisciplinary studies (CBIS), to help them find commercial pathways for the research discoveries and inventions coming out of their labs. 

Requirements of the program:

- The program is voluntary, but if a student or student team commits to a project they are expected to complete it.
- Students can work independently or in teams.
- Students can select their project of interest; projects will not be assigned to students.
- Bi-weekly meetings allow student(s) to provide progress reports on their work and receive faculty feedback.
- Projects must be completed during the duration of your enrollment at Lally.

Lally MBA Scholarships and Grants

The following named fellowships are available to highly qualified students. Selection criteria include academic credentials, relevant work experience, leadership potential, technical proficiency, and U.S. citizenship.

The Irene and Robert P. Bozzone '55 Fellowship in Management and Technology

This fellowship provides significant funding toward the Lally School of Management MBA program for a student with demonstrated interest and skills in the field of manufacturing. It is awarded on a competitive basis.

The Herman Family Fellowship for Women in Entrepreneurship

Established by Michael '62 and Karen Herman to advance the interests of women in entrepreneurship, this fellowship supports women with a tuition scholarship to the Lally School MBA program at Rensselaer. Selection criteria include evidence of entrepreneurial spirit and experience, leadership potential, technical proficiency, post-college work experience, strong academic credentials, and U.S. citizenship. Evidence of actual entrepreneurial activity, such as starting a business in or after college, or working in a small to mid-size family business, will count favorably. Herman Award recipients also join the Herman Family Fellows, a network of professional women entrepreneurs, and have an opportunity to participate in yearly reunions. Fellowship Details

The Reinert-Rader Fellowship in Financial Technology

This fellowship funds graduate students studying finance at the Lally School of Management. Funded by Jerome S. Reinert ’56 and Lawrence A. Rader ’58.

Raymond A. and Ina C. Best Scholarship for Tau Beta Pi Members

This scholarship fund is for a Tau Beta Pi member for master's level study at Lally. Criteria for selection include first-time graduate study, strong academic credentials, meaningful extracurricular contributions, and exceptional faculty recommendations.

Post 9/11 G.I. Bill and Yellow Ribbon Programs for U.S. Veterans

The Lally School at Rensselaer is one of more than 500 universities participating in the new Post 9/11 GI Bill, and the Yellow Ribbon Program, a provision of the new GI Bill, which was created to make resources available to military veterans and their dependents to attend college and graduate school. More information regarding Financial Aid for U.S. veterans at Rensselaer is available at


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