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Scholarship: the Future Leader Fund

Thanks to the generosity of our Alumni, we are able to offer a scholarship for the first year of the MBA (B716) to someone with the potential to be a Future Leader. The fund is aimed at those early in their careers that view the MBA as the essential next step in accelerating their success. Upon successful completion of B716 the Beneficiary will be awarded a Postgraduate Certificate in Business Administration, the first award on the pathway to an MBA.

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This year, the scholarship was awarded to Laura Webber. Laura works for an NGO in the UK and commenced her studies with OUBS in May.

Edited transcript of video

My name is Laura Webber and I’m the Beneficiary of this year’s Future Leader Fund.

I’m a Director of Public Health Modelling at the UK Health Forum in London, and the role of my organisation, which is an NGO, is focussing on the prevention of chronic diseases. I look at how chronic diseases might change in the future due to risk factors such as smoking or obesity, and the impact interventions can have.

I applied for the Future Leader Fund at this stage of my career because I felt I needed additional professional development, and also as a manager I wanted to gain greater insight into how I could become a better manager. Also, working for a small organisation, which is currently going through a lot of period of change, I wanted to better understand that change and how we can ensure that it is as successful as it could be.

From completing Stage 1 of the OU MBA, I’m hoping to become a better manager myself, but also be able to understand better how organisations run, especially small organisations. And also learn a lot about business, which could be implemented in the Public Sector or the Third Sector where I work, where I think they could benefit a lot from understanding business-generating profit that could then be put back into the charity.

I’m really grateful for the Alumni’s generosity in allowing me to do this MBA, because it wouldn’t have been possible. I’m really excited to start the MBA. It is really challenging in between a full-time job, but I am enjoying getting back into studying. So, I’d like to say thank you to the Alumni.

Support a scholarship

If you are an MBA graduate and would like to support a scholarship, you can donate via The Open University donations page and choose 'MBA Future Leaders Fund' from the dropdown menu.

 How to apply

The scholarship will be awarded to the individual through a competitive process, to commence study in May 2019. To be considered for the full scholarship for B716 - MBA Stage 1: Management: Perspectives and Practice, starting in May 2019, we ask you to respond to the following statement in no more than 500 words. The panel will look for evidence of creativity, consideration of practical application of theory, understanding of what MBA study entails, and clear social impact.

We are looking for an exceptional MBA candidate who can demonstrate the ability to think creatively about how to apply theory and ideas from MBA studies to practice and to produce social benefits by doing so. These could help employees, their families, the wider community or the environment, for example, in any part of the world.

To apply, please complete the submission form and submit via email to by Tuesday 1 January 2019.

Download the Submission Form

Entry requirements

Entrants must meet the entry requirements for the OU MBA. To be eligible to apply, you must have:

  • A Bachelors degree awarded with honours from a recognised UK university or the overseas equivalent
  • A minimum of three years’ experience in a managerial, professional or technical role
  • Good knowledge of the English Language (to International English Language Test System (IELTS) score of 6.5)

If you do not hold the required qualifications you can benefit from the Open Entry route. The scholarship is open to all territories currently served by the MBA.

Terms and Conditions

  • Entry for The Future Leader Fund is via completion of the applicant submission form on this webpage, which should be submitted by email with the header ‘Future Leader Fund’.
  • Entries for the Future Leader Fund must be submitted by Tuesday 1 January 2019.
  • The scholarship will be awarded by Friday 9 February 2018 for studies to commence in May 2019.
  • Applications for The Future Leader Fund are open to all nations where the MBA is offered, except employees of The Open University.
  • The nomination will need to be endorsed by two references - please include details on the submission form.
  • The Open University Business School accepts no responsibility for any entries that are incomplete, illegible, corrupted or fail to reach the promoter by the relevant closing date for any reason.
  • The winner will be chosen by panel decision and will be notified within one month of the closing date.
  • The panel’s decision is final and no correspondence will be entered into.
  • Entries are taken as acceptance of these terms and conditions.
  • The name of the winner will be published on The Open University Business School website and/or communications.

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