Scholarships at MBA from Top 10 School (realistic or not??)


brohymnal

Like many other people I would like to attend an MBA from a top school, Harvard, Stanford, Wharton, Columbia, etc.

My question is can I reasonably expect to receive a scholarship if I got into one of these prestigious schools?

I certainly can't afford the cost out of pocket and I don't want to put in the effort do max out my GMAT score and all the rest if it, if it's not realistic to expect a scholarship.

I would aim much lower if that were the case.

Like many other people I would like to attend an MBA from a top school, Harvard, Stanford, Wharton, Columbia, etc.

My question is can I reasonably expect to receive a scholarship if I got into one of these prestigious schools?

I certainly can't afford the cost out of pocket and I don't want to put in the effort do max out my GMAT score and all the rest if it, if it's not realistic to expect a scholarship.

I would aim much lower if that were the case.
quote
Duncan

No, it is not reasonable to expect that you will get a scholarship. See The sad facts about scholarships http://www.find-mba.com/board/37055

No, it is not reasonable to expect that you will get a scholarship. See The sad facts about scholarships http://www.find-mba.com/board/37055
quote
maury

That's not to say that it's not a good investment. Usually, if you get into one of these schools, you'll have a lot of options in terms of loans, because loan providers know these will have great ROIs.

That's not to say that it's not a good investment. Usually, if you get into one of these schools, you'll have a lot of options in terms of loans, because loan providers know these will have great ROIs.
quote
brohymnal

That's not to say that it's not a good investment. Usually, if you get into one of these schools, you'll have a lot of options in terms of loans, because loan providers know these will have great ROIs.

Thanks. The problem is that I already have a large amount of outstanding debt from my bachelor's degree (a top private university.) I haven't been able to pay that off and I would be really concerned about taking on another loan of $100k+.

[quote]That's not to say that it's not a good investment. Usually, if you get into one of these schools, you'll have a lot of options in terms of loans, because loan providers know these will have great ROIs.[/quote]
Thanks. The problem is that I already have a large amount of outstanding debt from my bachelor's degree (a top private university.) I haven't been able to pay that off and I would be really concerned about taking on another loan of $100k+.
quote
maury

From a lender's perspective though, it makes great sense: since in general MBAs get large salary bumps after finishing the degree, you're very likely to be able to repay any loan that they give you. And you'd be in a better position to pay off your other loans, as well.

From a lender's perspective though, it makes great sense: since in general MBAs get large salary bumps after finishing the degree, you're very likely to be able to repay any loan that they give you. And you'd be in a better position to pay off your other loans, as well.
quote

Hello,

I'm not expert in scholarship, but here is what I've found: http://www.elitepersonalfinance.com/comprehensive-guide-to-college-scholarships/

Hope that helps.

Hello,

I'm not expert in scholarship, but here is what I've found: http://www.elitepersonalfinance.com/comprehensive-guide-to-college-scholarships/

Hope that helps.
quote
Inactive User

@brohymnal,

If you can get into top 5. Then apply to top 15 and mention that you have a top 5 admit - that way you may be able to bargain for a full ride. It is uncommon for top 5 to offer full scholarships.

I am sure you have explored Federal aid options? there are many credit unions as well who provide fin-aid to US citizen at a fraction of what other lenders offer.

@brohymnal,

If you can get into top 5. Then apply to top 15 and mention that you have a top 5 admit - that way you may be able to bargain for a full ride. It is uncommon for top 5 to offer full scholarships.

I am sure you have explored Federal aid options? there are many credit unions as well who provide fin-aid to US citizen at a fraction of what other lenders offer.
quote

Reply to Post

Related Business Schools

Boston, Massachusetts 87 Followers 205 Discussions
Stanford, California 99 Followers 171 Discussions
Philadelphia, Pennsylvania 68 Followers 175 Discussions
New York City, New York 159 Followers 259 Discussions

Other Related Content

Jan 11, 2024

LinkedIn Launches MBA Rankings of US Business Schools

News Jan 11, 2024

Tracking Down the Funds: How to Pay for Your MBA

Article Oct 18, 2013

An MBA is expensive. Here are some tips for getting the money together to do one.

Top 10 MBA Programs for Scholarships

Top List

An MBA is a massive financial investment, though the returns can be even bigger than tuition fees. Happily, business schools are going to great lengths to offer financial aid to their students. See the top 10 MBA programs for scholarships here.