Any student (regardless of residency) who is given admittance into the on-campus program (dual degree students excluded) is awarded an MBA fellowship. There are no additional qualifications. The Fellowship program itself gives students a tuition waiver in return for 10 hours of work per week for Isenberg or another campus department in a strategic project. Students are paid a stipend of about $30/hour for their work and are also given healthcare. Students are responsible for paying miscellaneous fees (about $3,000 over the course of the two years) plus books and living expenses (which can vary based on your needs). In return, MBA Fellows get valuable hands-on experience while working on real initiatives for the school. You can find out more information about the breakdown of the fellowship here.