In line with the commitment to social responsibility of the Central Bank of Kuwait (CBK) and the Kuwaiti banks to contribute to the development of the State of Kuwait and encourage education, thus contributing to the building of qualified, professional national manpower in the work environment, the Central Bank of Kuwait and Kuwaiti banks are providing annual scholarships for Kuwaiti graduates. This collaboration to offer a Masters’ Degree level MBA / MSc scholarships for Kuwaiti graduates to pursue their education in Business, Finance, Accounting and Management from the best universities in the world.
This program was prepared by a committee comprised of members from the Central Bank of Kuwait, the traditional Kuwait banks and the Islamic Kuwaiti banks. Given its long experience in this area and its possession of the human and logistical resources to do the work, the Institute of Banking Studies was chosen to implement, monitor and supervise the program.
The Committee developed regulations for this program, which includes details of the conditions and controls to take advantage of it. Kuwaitis wishing to take advantage of this program may access the IBS website to assess the applicability of its conditions for them.
The Scholarship regulations do not include any conditions that oblige the candidates after earning their MBA degree, to work in the banking sector or the Central Bank of Kuwait or any other sector. Thus, the graduates may work in the public or private sectors, as this initiative aims to develop the national manpower to support the economic and social development in the State of Kuwait.
This initiative has resulted in the graduation of the first batch of Masters’ degree holders from the Scholarship Program this year. The graduates of this program have become one of the active cadres in supporting the development process in the State of Kuwait.