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Manager
Joined: 10 Sep 2006
Posts: 65
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07 Jul 2007, 09:31
Guys,

I need some advice. I want to apply to European schools but my knowledge of B schools is limited to US schools (I've lived in the US for 8 years).

Which schools give more % of financial aid (as a % of tuition)?
Please don't answer just with the schools that I mentioned, but keep the discussion open to all European schools.
My criteria are - Recruitment, post-MBA salary, alumni network and financial aid.
What are the best schools to apply to?

I'm fed up with the US schools - very few have any aid and it’s like squeezing blood from a stone. The only schools that give any aid are ranked pretty low anyway – MSU for example.

My profile -
GMAT: 710/800 (94 percentile)
GRE: 2330/2400 (99 percentile)
BE in Mechanical Eng, Univ of Bombay
MS in Mechanical Eng from Purdue University
2 yrs work exp in manufacturing in India
4 yrs work exp in middle management in the US (mfg/supply chain/ business development)
1 yr consulting exp as a Six Sigma Black Belt Consultant
4 years part time as a Research Assistant in Purdue Univ
Ethnic origin: India
Age: 32
Experience: Worked in India and the US, but several supplier/customer visits on business to the UK, China, Singapore, Brazil, Mexico, Poland and Malaysia.

I really have no clue about European schools and would like some advice with respect to my criteria. I've read every single thread on these schools in this forum - but I have not been able to reach a definite decision yet. It looks like INSEAD wins hands down but the financial aid is never discussed in detail about any school. I'd really appreciate the help.

Thank you!
VP
Joined: 09 Jan 2007
Posts: 1045
Location: New York, NY
Schools: Chicago Booth Class of 2010
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09 Jul 2007, 00:55
I would disagree with your statement regarding US schools and financial aid, not sure though if your "problem" is with your nationality. I have 2 friends who went to MIT and got full loan, know one guy who was accepted at Ross with U$40k scholarship, and some others in Duke. I've heard that even HBS gives some scholarships every year. In my perception, scholarships are harder within european schools than their US counterparts as europeans have much lower endowments. Honestly this is just a perception, I will try to help you out, by giving the links with information. LBS: http://www.london.edu/mba/feesandfinancing/funding.html INSEAD: http://www.insead.edu/mba/admissions/financing_mba.htm Insead changed the web site. They had the BNP loan scheme, but I've had not time yet to peruse that and see if something has changed. Oxford: http://www.sbs.ox.ac.uk/mba/fees/scholarships.htm IMD: http://www.imd.ch/programs/mba/fees/index.cfm Rotterdam: http://www.rsm.nl/portal/page/portal/RS ... cial%20Aid I think that for these schools, IMD may be the harder to get some financial aid, as the profile of the participants is a little bit of higher management, but this is only my percepation. The "easiest" to get into is Rotterdam, and the harder INSEAD and IMD (IMD because of its small intake). Manager Joined: 10 Sep 2006 Posts: 65 Followers: 2 Kudos [?]: 2 [0], given: 0 ### Show Tags 15 Jul 2007, 10:18 Kwam, I really appreciate the detailed advice. In general, I've found US schools to be stingier with funding, perhaps due to the fact that a higher percentage of students are sponsored by the company as against other MS programs in the same school. Just my guess though - I don't know. I do know for a fact though, that I finished my MS degree in Engineering from Purdue with full financial aid and even a stipend of 1500$ a month. 90% of the students in Engineering were fully funded as well. This is true of most schools in the top 10.
However, the corresponding highly ranked MBA programs very rarely have that much funding.

Compared to Europe, I just do not know. It just seems to me (based on some data I have gleaned from various sites, admittedly some of it is unreliable) that top European schools hand out financial aid to a higher percentage of an entering class (not 100% aid to each student though) that a US school of comparable rank. I could be wrong.

By the way, I'm leaving out the lower ranked MBA schools in the US like MSU (Broad) that hand out full aid in terms of assistantships. They're ranked well below what I'm shooting for.

Senior Manager
Joined: 08 Feb 2006
Posts: 251
Schools: Ross, Kellogg, Darden (i/v)
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17 Jul 2007, 00:11
rk4g63 wrote:
Kwam,

I really appreciate the detailed advice.
In general, I've found US schools to be stingier with funding, perhaps due to the fact that a higher percentage of students are sponsored by the company as against other MS programs in the same school. Just my guess though - I don't know. I do know for a fact though, that I finished my MS degree in Engineering from Purdue with full financial aid and even a stipend of 1500\$ a month. 90% of the students in Engineering were fully funded as well. This is true of most schools in the top 10.
However, the corresponding highly ranked MBA programs very rarely have that much funding.

Compared to Europe, I just do not know. It just seems to me (based on some data I have gleaned from various sites, admittedly some of it is unreliable) that top European schools hand out financial aid to a higher percentage of an entering class (not 100% aid to each student though) that a US school of comparable rank. I could be wrong.

By the way, I'm leaving out the lower ranked MBA schools in the US like MSU (Broad) that hand out full aid in terms of assistantships. They're ranked well below what I'm shooting for.

RK,
What exactly do you mean by "financial aid"? Fee Waiver? If thats the case, I don't think the situation is any different in Europe. From what I know, in top bschools only a very small % gets fee waiver/scholarship. Getting admitted into INSEAD/LBS/IMD is difficult enough, even without the financial aid part.

But if you mean loans, then I guess you'll have plenty to chose from both in US and Europe.
NOTE - INSEAD and Oxford-Said do NOT have a guaranteed loan program.

Cheers!
Manager
Joined: 10 Sep 2006
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24 Jul 2007, 21:21
Thanks mba07!
24 Jul 2007, 21:21
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