MBA PROGRAM

Equipping you with the capabilities and connections to thrive across the arc of your career.
Home > MBA Program > Admissions > Scholarship Opportunities

Scholarship Opportunities

The Virginia Gross Kimmel Scholarship Fund

In 2007, Harvey '64 and Virginia Kimmel challenged Smeal alumni to raise contributions of $20,000. If this goal was achieved, they would match it. Alumni were not only successful in donating $20,000, but they exceeded the goal! Harvey and Virginia Kimmel continue to show unyielding support to the Office of Diversity Enhancement.

The John M. Arnold MBA Scholarship

John earned his undergraduate degree from Grove City College in 1985 and an MBA in finance from Penn State in 1987. He has maintained his ties with Penn State by serving on the Penn State Harrisburg's Grand Destiny Campaign, the Smeal Board of Visitors,  the Penn State MBA Alumni Advisory Board at University Park, and the Advisory Board for the Farrell Center for Corporate Innovation and Entrepreneurship. Mr. Arnold is the chairman, CEO, and owner of Petroleum Products Corp., which operates petroleum pipeline terminals across Pennsylvania.

The Robert A. Davidow MBA Fellowship

Robert A. Davidow, '64, has been a private investor since 1990. He is currently a member of the board of Arden Group, Inc., a supermarket holding company. He serves as a director and treasurer of the American Society of Technion and is a member of the Board of Governors of the Technion-Israel Institute of Technology. He has served as a member of Smeal’s Board of Visitors and as a member of the Smeal Campaign Committee for our most recent For the Future Campaign. Mr. Davidow graduated from Penn State in 1964 with a degree in business.

The William Donan Minority MBA Fellowship Endowment

Mr. Donan has established an undergraduate scholarship, MBA fellowship, and an endowed professorship within the Smeal College of Business - all with the goal of promoting diversity within the student body and faculty. He retired as the corporate vice president and president, Southeast Region, of Allegiance Healthcare Corporation, an operating unit of Cardinal Health. Penn State previously honored Donan as an Alumni Fellow in 1994 and was honored as Distinguished Alumnus in 2006. He is a past member of the Smeal College Alumni Society Board of Directors and was elected president of the Board. He currently served on the Smeal Board of Visitors. He is a life member of the Penn State Alumni Association and lives with his wife, Pamela, near Atlanta.

The Susan and Alex Goldberg MBA Fellowship Endowment

In 1997, Mr. Goldberg was named Penn State Alumni Fellow, the highest distinction bestowed by the Penn State Alumni Association. He was deeply involved in founding the Smeal College MBA Affiliated Program Group and is a member of the Smeal College Alumni Association Board. He retired as president from Ford Motor Land Development Corporation. Mr. Goldberg obtained his bachelor of science in chemical engineering in 1962 and an MBA in finance/management from Penn State in 1964.

The Haeng Nam Scholarship in Business Administration

The Haeng Nam Scholarship was established in 1996 by Mr. Yong-Ju Kim, a 1974 MBA graduate. Mr. Kim is Chairman and CEO of Haeng Nam Chinaware Inc. Seoul, Korea. Haeng Nam Chinaware Inc. has been supplying a wide range of chinaware to many leading companies around the world.

The Gerald P. and Joyce Kessler Scholarship

Penn State alumnus Gerald Kessler and his wife, Joyce Kessler, have committed $1 million to establish the Gerald P. and Joyce Kessler Graduate and Undergraduate Scholarships in the Smeal College of Business. Gerald Kessler, a 1965 graduate of Penn State's College of Liberal Arts, spent 35 years with Morgan Stanley before becoming director of investments for the Kessler Group of Wachovia Securities.

The Bruce Johnston MBA Scholarship

Bruce Johnston earned a BS in Electrical Engineering from Duke University in 1981 and his MBA from Smeal in 1982. Bruce is Managing Director of TA Associates, one of the oldest and largest private equity firms in the world. Bruce attended Penn State on a full scholarship and said, "I would have never received my MBA if it weren't for that scholarship, and it occurs to me that I've never paid for it." He established the Johnston Scholarship in 2002.

The Ian and Mary Mackinnon MBA Scholarship

The Mackinnon MBA Scholarship was established in 1998 by Ian and Mary Mackinnon. Ian is a 1974 MBA graduate who retired from the Vanguard Group, a client-owned investment management company. The Mackinnons currently reside in Coatesville, PA.

The W. Charles McMinn, III Graduate Fellowship in Business Administration

The McMinn Fellowship was established by Craig and Victoria Socie to honor Victoria's Father, W. Charles McMinn. McMinn Inc. was founded in 1933 by Walter C. McMinn, Jr. His son, W. Charles McMinn, ran the East Petersberg-based construction materials supplier until his death in 1984.

The M&T Bank Graduate Scholarship for Business Administration, MBA Program

M&T Bank recognizes the financial need of many Penn State students and has provided over fifty students with scholarship support since 1998. M&T Bank undergraduate scholarship endowments have been established at Penn State Harrisburg, Penn State Mont Alto, and Penn State Schuylkill. The bank has also endowed the M&T Bank Graduate Scholarship for Business Administration. M&T Bank was the first corporate sponsor of the MBA Executive Panel in the Smeal College of Business. The Annual gift from M&T is used to fund a monetary prize for the winning Executive Panel team, as well as second and third-place prizes. The event, a tradition for more than twenty-five years, is the capstone experience for all first-year MBA students.

The Oswald and Hazel Nazareth MBA Award

Andre Nazareth, '91 MBA, established the Oswald and Hazel Nazareth MBA Award in honor of his parents. Andre is Senior Vice President of Mid-Corporate Banking, The Royal Bank of Scotland Group.

The Jeffry M. and Barbara Picower MBA Fellowship

Jeff Picower was a 1963 Business graduate. Jeff and Barbara established the Picower MBA Fellowship in 1991. Jeffry Picower was a lawyer, accountant and he invested in drug discovery and medical device firms.

The Irwin K. and Harriet Polansky MBA Scholarship

David Polansky, '87, is Dean of Business Development and Client Services for Bank of New York Mellon Corp. David has held a wide variety of positions in the financial services sector, including firms such as JP Morgan, Morgan Stanley, Dean Witter's Private Wealth Management Group, Bankers Trust, and Arthur Andersen & Co. He is a current member of Smeal’s Board of Visitors, and For the Future Campaign Committee. He has previously served on
the MBA Alumni Advisory Board. He earned his bachelor's degree from the University of Connecticut and his MBA from Penn State University.

The David and Tricia Rogers MBA Fellowship

David Rogers earned his bachelor's degree in accounting in 1978 and an MBA in 1980 from Penn State. Patricia Rogers graduated from the University in 1979 with a degree in mechanical engineering. David Rogers started his career as a financial analyst at Mobil Oil. He later accepted a position as trader and analyst with Goldman Sachs, eventually becoming co-head of Goldman Sachs' equity derivatives department in 1992 and a partner in the firm. He left Goldman Sachs in 2001 to start his own investment firm. He is a member of Smeal’s Board of Visitors. Dave received the MBA Alumni Distinguished Achievement Award in 1995 and was named an Alumni Fellow in 2000.  Dave and Tricia were named “Philanthropists of the Year” in 2006.

The William F. and Susannah M. Rothman Scholarship

William Rothman is a 1963 Business graduate and his wife, Susannah, is a 1964 College of Education graduate. A native of Harrisburg, Pennsylvania, William entered the real estate field in 1962 as an associate with Charles W. Naftzinger Real Estate and in 1965 became the Vice President of Shearer Realty. In January of 1970, he organized Rothman and Schubert Real Estate with Charles F. Schubert. In 2002, the name was changed to RSR Realtors LLC RSR Appraisers & Analysis. It is the largest appraisal firm in Central Pennsylvania. The Rothmans created the Rothman Scholarship in 1999.

The John and Marilyn Ruffner Graduate Fellowship

The late John M. Ruffner and his wife, Marilyn J. Whitaker Ruffner, owners and developers of several companies in electronics and manufacturing, created this MBA Fellowship fund. John and Marilyn Ruffner were originally from Western Pennsylvania. John Ruffner, who died in 1995, was a world war II veteran when he arrived at the University. The two met here in 1950 and were married in 1952. Marilyn earned her bachelor's degree in psychology in 1952, John in mineral preparation engineering in 1953.

The Charles Wayne Shaeffer Scholar Fund

The Shaeffer Scholarship was established by the late Charles W. Shaeffer in 1978. Charles was a 1933 Smeal graduate and a 1935 graduate of Harvard University. After he received his master's degree he went to work for T. Rowe Price Associates. Charles was a former member of the Penn State Board of Trustees. In a conversation with Mr. Shaeffer, he stated that his family had little money and he needed loans to get through Penn State. He supported himself by selling "National Bond Cigars." After graduating from Penn State, he earned a full scholarship to attend the Harvard Business School. He said that it was these experiences of being poor and being helped by others through college that led to him wanting to support student scholarships.

The Harvey B. Wheeler Graduate Fellowship in Business Administration

Lewis Wheeler received his BS from Penn State in 1962 and his MBA in 1964 from Smeal. Lewis and Computer People, Inc. of Pittsburgh established the Wheeler Fellowship in honor of his father, Harvey Wheeler, in 1998. Harvey was a 1933 science graduate of Penn State.

The Scott and Rita Wyllie MBA Scholarship

Scott D. Wyllie, who earned a degree in 1956 from the Smeal College of Business, and his wife, Rita, of Palm City, FL., have established a scholarship to benefit students in the Penn State Smeal MBA program. Scott Wyllie is a retired corporate vice president and general manger of the Reynolds Metals Company consumer products division, based in Richmond, VA. He retired in 1989, having spent 32 years with the firm, 11 of them as division general manager and vice president.

The Gulati Family Foundation MBA Fellowship Graduate Scholarship

After Charles Gulati graduated from the MBA Program in 2006, he was instrumental in helping establish the Gulati Fellowship through the Gulati Family Foundation. The Foundation also established an undergraduate scholarship in 2014. Charles is General Manager of Fidelity Technologies Corporation in Reading, PA. Jack Gulati founded Fidelity Technologies in 1987 with the vision to build an organization having a set of values that would distinguish it from its competitors. The guiding principle of this business would be to deliver products and services in a manner that ensures complete customer satisfaction. Today, Jack Gulati's three sons, David, Charles, and Michael equally own the company's outstanding shares, and lead Fidelity with the same guiding principle, values, and vision established by their father.

The Jeff and Cindy King and The National Properties, Inc. MBA Fellowship

Jeffery King is co-founder of National Properties, Inc., a real-estate investment, property management, and development business based in the Great Valley Corporate Park area of Malvern, PA. The Kings have made other philanthropic contributions to the Smeal College of Business in the past, first with the Jeff and Cindy King MBA Fellowship in 1990, and then with the Jeffery L. and Cindy M. King Faculty Fellowship in 2000. The King’s have also made estate plans to establish two Early Career Professorships in Smeal, one in Real Estate and one in Marketing.

Ciba Program for the Institute for the Study of Business Markets

The Ciba Foundation established the Ciba Scholarship in 2009 to support graduate students earning MBA degrees with a focus on business marketing. The Ciba Scholars Program, in conjunction with ISBM, targets students interested in international business and the study of business markets.

Michael Ryan Phillips Memorial MBA Scholarship

The Phillips Scholarship was established in 1998 by friends and family of Michael Phillips, including the MBA Class of 1998, MBA Faculty, MBA Administration, and MBA Alumni. Michael Phillips was in the second year of his MBA studies when he was in a tragic car accident over the holiday break. It was decided that each year the student body would nominate a fellow first year student who embodies Michael's spirit to receive the scholarship.

Stephen R. Smith and Eileen Baumgarten Smith Graduate Scholarship in the Smeal College of Business

Steve and Eileen Smith are both 1972 Penn State graduates who received degrees in business and education, respectively. They established the Smith Graduate Scholarship in 2006 and Smith Trustee Scholarship for undergrads in 2014. Steve Smith is a CPA and attorney in Phoenix, AZ, and practices law through his solely-owned firm, Stephen R. Smith, P.C. Eileen retired as a school psychologist at Balsz Elementary School in Phoenix, and then continued her career teaching evening classes at Northern Arizona University.

Smeal College Outstanding MBA Award

An anonymous donor established the Outstanding MBA Award in 2002.

Fred A. Ochroch MBA Fellowship

The late Fred Ochroch established the Ochroch MBA Fellowship as a part of his estate plans. Fred was president of Werner Coach Tours. Mr. Ochroch also endowed the Charles and Marjorie Ochroch Scholarship for Excellence for undergraduate students in honor of his parents.

Oscar Mejia MBA Diversity Scholarship

Oscar Mejia is a 2008 Smeal MBA graduate. He is currently operation manager at Vector Global WMG, Inc. Oscar established an annual scholarship to support diversity in the MBA Program. He said he is very pleased to be in a position to create a yearly scholarship that will support struggling students.

David and Jennifer Kurtz MBA Scholarship

David Kurtz, who earned his MBA degree from the Smeal College in 1992 and his wife, Jennifer, endowed the Kurtz MBA Scholarship in 2012. Dave serves as General Partner, AJM Capital Partners LP, a family limited partnership, and Managing Member, KMS Capital Group LLC, a private equity investment vehicle and family office. Dave spent his early career in commercial lending, capital markets, and corporate finance with Continental Bank and US Airways.