The University of Southern California on Tuesday announced an agreement with the Mexican Foundation for Education, Technology, and Science (FUNED) to provide joint scholarships to students in Mexico seeking master’s and professional degrees.
The announcement came as part of Governor Jerry Brown’s Mexico Trade and Investment Mission. During the four-day trip, USC officials including Senior Vice President for University Relations Thomas S. Sayles joined a delegation of California leaders to explore ways to boost direct investment in the state, expand bilateral economic and environmental cooperation and connect California businesses with new opportunities and partnerships.
This joint scholarship is the fourth such agreement between USC and prestigious institutions in Mexico, together reflecting over $3.4 million in joint commitments.
“This new agreement establishes joint scholarships in business and professional master degrees that will create new gateways with high returns for the individuals and both countries,” Sayles said.
The agreement between USC and FUNED establishes joint scholarships to attend USC in 11 different business and professional master’s programs – in the USC Marshall School of Business, USC Gould School of Law, and USC School of Architecture – for an unlimited number of qualified students.
“USC has many advantages for Mexican professional school candidates,” said Fernando Zapatero, USC Marshall’s Vice Dean for Graduate Programs and Professor of Finance and Business Economics. “Besides our Los Angeles location, with its weather and huge Latino population, language and food, we have incredibly strong connections with China and other Southeast Asian countries that Mexico is increasingly interested in leveraging.”
Founded in 1993, FUNED’s mission is to support the professional development of Mexico’s future leaders by helping them attain master’s degrees at the 200 best universities in the world.
The USC-FUNED agreement adds to several ongoing collaborations with Mexico. This month, USC welcomed 62 students for the inaugural year of Proyecta 100,000, an initiative of Mexico President Enrique Peña Nieto to send 100,000 Mexican students to study in the United States and 50,000 U.S. students to Mexico by 2018.
USC is also launching new programs for USC students to gain practical experience and educational immersion in Mexico, adding three new programs in architecture, journalism, and education for the upcoming academic year, as well as maintaining programs in public policy and business consulting.
For 12 years, USC has topped the list of U.S. colleges and universities with the most international students, according to the Institute of International Education. It’s also been one of the top producers of Fulbright student grant recipients. In 2013, USC sent 12 scholars to countries ranging from India, Vietnam and Mexico for a year of study.
USC’s global presence encompasses offices in Mexico (Mexico City), Brazil (Sao Paulo), China (Hong Kong, Shanghai, Beijing), Taiwan (Taipei), South Korea (Seoul) and India (Mumbai). The USC Mexico Office was established in 2005 under the auspices of the USC Office of Global Initiatives, currently led by Anthony Bailey, Vice Provost for Global Initiatives.