Sainsbury Management Fellowship
The Sainsbury Management Fellowship organisation was established in 1987 by David Sainsbury (now Lord Sainsbury of Turville) to develop UK engineers into industry leaders, thereby raising UK competitiveness in engineering, manufacturing and construction businesses. Lord Sainsbury noted the relative lack of engineering representation of the boards of UK industries, especially compared to corresponding companies from Germany or Japan.
The Sainsbury Management Fellowship assists engineers in obtaining degrees in Business Administration at prominent business schools.
By 2011 the scheme had supported 275 engineers in gaining an MBA. It grants an average of ten scholarships each year.[1][2][3][4]
Sainsbury Management Fellowship candidates
Awards are made to UK citizens who are Chartered Engineers (CEng status) and have a track record of achievement in industry, demonstrating their potential and ambition to rapidly achieve leadership positions in UK industry. Assessment includes attending an interview panel staffed by Fellows of the Sainsbury Management Fellowship and the Royal Academy of Engineering.
Benefits of a Sainsbury Management Fellowship
- A total of £30,000 for tuition cost of a full-time MBA course at a leading international business school (from a designated list).
- Access to the members of the Sainsbury Management Fellowship who act as a network of informal career advice and cross-mentoring.
- Access to career development seminars and workshops periodically organised by the Sainsbury Management Fellowship.
Applications
The SMF is administered by the Royal Academy of Engineering. Applications can be made via their website.
Sainsbury Management Fellowship
After receiving an MBA degree, SMF Fellows are invited to join the Sainsbury Management Fellowship. This policy was developed in 1993. SMF objectives are:
- raise awareness of the skills engineers can deliver as leaders amongst major corporations and policy makers and to raise awareness of the SMF as a leadership resource;
- establish SMFs as opinion shapers in UK business and management, technology and innovation;
- encourage entrepreneurial activities inside established companies and the creation of new companies;
- encourage the development of young engineers into business leaders
- provide support to enable the continuing professional development of the membership.
The Fellowship hosts a number of activities including continuing professional development, networking events and an annual dinner. SMF Fellows have served as mentors to over 450 engineering undergraduates since 1997.
SMF Society – Membership Profile
As of 2011, SMF had 275 members, with 265 members who graduated from business schools in Europe and the United States and 10 who were studying for their degrees. All Fellows have undergraduate or graduate engineering degrees from leading institutions, as well as their MBA. Most have international experience and are multilingual. Of the business school graduates, 72% are employed in industry (of whom 70% are based in the UK or work for UK firms), 10% are in consulting, 12% are in Finance and the remaining 6% are in other occupations. Sixty Fellows own and manage small- to medium-sized enterprises. The average age is 37.[5]
References
- ↑ Bridging the Gap Between Engineers and the Boardroom - ProcessingTalk Article - 31/3/08
- ↑ From Drawing Board to the Boardroom - FT Article 31 March 2008
- ↑ {0040D7B6-24C6-4D5D-81D8-591A6BFF6235} Farsighted - Professional Engineering magazine article - 26 November 2011
- ↑ Why Skilled Engineers Make Perfect Leaders - Times Article 28 February 2007
- ↑ SMF Website