Here's What You Need To Know About Fellowships

Fellowships are financial aids awarded to students who are researching a specific subject. Fellowship can be a grant given to students or scholars from various disciplines like finance, management, science, etc. for pursuing research in a specific area. It is not mandatory that the student will receive only financial aid but there can be other benefits too. 

It can be granted as a status in an academic institution along with experience. However, the scholar may be provided with certain benefits like access to the library or any other research facility as a fellow of a certain college.

Fellowships are usually provided while pursuing a graduate degree or above for researching any specific area. Financial aid or other benefits provided for research activities are called fellowship.

Fellowships look great on resumes and benefit everyone who is involved. They get valuable experience while learning under the guidance and mentorship of an experienced professor. They gain exposure to new insights and perspectives while also getting the opportunity to meet other experts in the field. 

Professors get much-needed help that allows them to forge ahead in a shorter period.

Who can apply for fellowships? 

Though the term "fellowship" is occasionally used by undergraduate institutions to label college scholarships. Sometimes, it is used by private-sector employers to describe an entry-level job for recent college graduates. However, this word is commonly heard in graduate schools. 

The word "fellowship" is usually understood to mean scholarships for people who have already earned their college degree and who are pursuing additional education. However, fellowships are like prizes that graduate students or postgraduate scholars typically compete for. 

Fellows are selected based on their potential to make a positive, long-lasting contribution to their academic discipline.

Benefits of a fellowship 

Hands-on learning experience:  

With a fellowship, you will have access to advanced technology and tools that give new meaning to the term ‘learning by doing'. Whether your experience will be that of a lab assistant or will involve the creation of a project or product, the opportunities are often deeply rewarding.

Short-term work with benefits 

Whether the project you apply for lasts a few years or just a few months, you will reap the rewards of this experience throughout your career.

Get paid to do what you love

There are unpaid and paid fellowship opportunities. While unpaid opportunities are worth it for the experience, getting paid to do what you love can be a bonus. Paid fellowships cover the cost of things such as room or board, project materials, transportation costs, and food.