A new Scholars Program for Master Degrees in public policy, economics and business and international studies to take place at the Tsinghua University in China. A Scholarship program aiming to prepare the next generation of global leaders.

Mr. Schwarzman, chairman and co-founder of the Blackstone Group, a global alternative investment manager and financial advisor group, has started the Schwarzman Scholars Program that is housed at Tsinghua University, one of China's most prestigious universities. Mr. Schwarzman believes that the success of future leaders around the world will depend upon an understanding of China’s role in global trends.

The goal is to establish a 450 million endowment that will fund up to 200 students every year: 45% from the United States, 20% from China and 35% from other countries. The program was modeled on the fully funded master’s program on the Rhodes scholarship.   

Last week Schwarzman Scholars announced the first 111 scholarship winners selected out of 3.000 applications. Interviews with 300 semifinalist were conducted in Beijing, Bangkok, London and New York. Selected students can pursue degrees in public policy, economics and business and international studies. They will live and study on the Schwarzman College Campus, a newly-built facility in China. Classes will be taught in English by innovators and senior leaders in business, politics and society.

For the next academic year, online applications will open next April 2016 until September 15.