Thanks a lot for the advices you have shared with me in the past. I am a young applicant (half year of post college full time WE), but I just got admited to Ross. They also gave me 20k per year (40k total) of scholarships. I am little curious to ask you what your opinion is as to:
1) how popular are $ give aways among elites/ultra elites? what % of class in Michigan or any other top school gets some $ (minimum of 10k per year or so)
2) what are the scholarships based? high gmat + gpa, WE, esseys, diversity, mix?
My profile: Polish, 750, 3.9, little known college, 6 years of international educational experience, enterprenuer/family company
3) I assume that 20k per year at Elite school is a medium size scholarship? Am I right?
I am just trying to figure out how much they want me, because I need to make some decisions soon.
Thanks in advance
Congratulations on your Michigan scholarship. I don't know what percent of Michigan's class or of the classes of other top B-schools receives scholarships. My guess is that it varies fairly widely from school to school, but is a larger percentage at private B-schools like Harvard than at state B-schools like Michigan. I can tell you that the applicants who get scholarships at Michigan are usually those with strong essays, a good or great interview, solid GMAT (above 700 for males), excellent extracurriclar or community activities and solid recommendation letters. In other words, they offer them to all-around, really strong applicants who they obviously want to come. Dollar amounts for Michigan scholarships vary from year to year and may be as high as full tuition for two years or as low as $5,000 per year for two years.
So to answer your question, they do *really* want you because $40,000 is about as big as a scholarship there gets.
Paul Bodine /
Author, Great Applications for Business School and Perfect Phrases for Business School Acceptance
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