- Posted February 17, 2015 by
San Francisco, California
Alexei Beltyukov donates to INSEAD scholarship fund
To succeed in the business world, the first step for most is to earn a degree. For some people, the hurdle of paying for school keeps them from even attempting to pursue their goals. Luckily, there are options such as scholarships which grant funds to students who would otherwise not be able to afford school.
Russian entrepreneur and philanthropist Alexei Beltyukov experienced the saving grace of scholarships first hand. When he decided to switch his profession from the medical field, INSEAD business school was his answer, but he still faced the struggle of paying for a new education path while juggling the responsibilities of a family. As the first recipient of the Lister Vickery Scholarship, he was able to support his family while putting himself through school. His hard work paid off when he graduated from INSEAD with a Master of Business Administration in 1997.
Alexei Beltyukov grants much of his success to his education. “If not for INSEAD, I would not have had the breadth of understanding of different businesses and business issues that helped me to make the big jump, leaving the medical world,” he said in an interview printed in the INSEAD Alumni Newsletter. Since graduation, Alexei Beltyukov has founded Endemic Capital (2013), A-Ventures (2006) and New Gas Technologies (2006).
Reflecting on how much scholarships and financial aid have shaped his success, Alexei Beltyukov decided to give back to the students of his alma mater. Alexei Beltyukov, Olesia Chikunova and their classmates have founded the Russian Alumni Scholarship and donated and pledged to it more than $150k. This donation will allow students who need help getting through school to succeed with opportunities similar to those he benefited from while studying at INSEAD.
Donations from success stories like Alexei Beltyukov make The Russian Alumni Scholarship a possibility and give Russian students the financial help they need in order to earn their degree. INSEAD business school focuses on cultivating a global perspective and teaches cultural diversity to give students a leg up in the increasingly globalized and modern business community. Since their first MBA class graduated at the Fontainebleau campus in Europe in 1960, donations from benefactors such as Alexei Beltyukov have supported the school’s expansion. INSEAD now has three campus locations. As "The Business School for the World," INSEAD prepares students for global success.
Alexei Beltyukov, Olesia Chikunova and their fellow alumni are happy to give back to a school that has done so much for them. “If it were not for my degree, I could never be where I am now,” Alexei Beltyukov stated. Every student deserves the chance to succeed, and donations such as the money that Alexei Beltyukov has given the Russian Alumni Scholarship allow for the financial assistance many future business leaders need.
“I just want to help where I can,” Alexei Beltyukov said.