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With MBA costs to top business schools still on the rise, you may want to research your scholarship and financial aid options.
From bargaining for scholarships and the increasing tuition of MBAs at America’s top business schools, to an inspiring rags-to-riches story and bizarre PayPal policies, there’s a lot to share. Let’s dig into this week’s MBA news!
What you don’t know can cost you
One of the biggest misconceptions about going for your MBA is that there is little scholarship money or financial aid, beyond loans, to be had to help you offset your MBA cost. That’s a VERY expensive misconception. The reality is that, depending on your needs and merits, business schools have plenty of scholarship money to award to high-achieving students. Ever seen their endowment figures?
Our advice to prospective students applying to those top business schools: package yourself the best you can and learn the art of the bargain. Be respectful and proactive when it comes to financial aid. The worst they can say is no. (Poets & Quants)
MBA costs increasing, still a good investment
It’s official. The overall tuition of an MBA is now creeping over the $200,000 mark. That’s what top ranked NYU’s Stern School of Business is asking its students to budget. That’s nearly $20,000 more than what an MBA cost just two years ago. Think you can just go to another elite business school instead and save on those big bucks? Not a chance. Other programs like Harvard, Sloan, Wharton, and Columbia have MBA costs that are merely a few thousand less in tuition.
The ROI, of course, can prove worth every penny, and that’s why an MBA can still be considered such a worthy investment. (Poets & Quants)
Rags to riches, MBA style
Read this inspiring story about one aboriginal in Canada who went from being a homeless high school student to an honored business school student. (CBC News)
MBA programs across the pond …
A survey of tens of thousands of employers at top companies has revealed which European MBA programs’ graduates are the most desired by recruiters. Business schools in Great Britain dominate the list. (BusinessBecause)
Would you rather whip something up in the kitchen instead of pitching it in the board room? Then consider this business school for those who have a culinary career on their minds. (Forbes)
One company you can safely pass up ….
PayPal CEO Peter Thiel isn’t a fan of hiring MBAs, citing their “herd-like thinking and behavior.” Well then! For the record, Mr. Thiel doesn’t have an MBA; he has a law degree from Stanford. (Bloomberg BusinessWeek)
A new administration for GW School of Business
Interesting article about Linda Livingstone, the newly-appointed dean of the George Washington University School of Business. She succeeded someone who was fired in a very public way and inherited great tumult. But she maintains a cheery disposition, seeing the landscape she inherited as an opportunity, not a burden. (The Financial Times)
Want to be an MBA-GRE trailblazer
Did you know that business schools are increasingly accepting scores from the GRE as an alternative to scores from the GMAT? And we are not just talking about lower-ranked programs, but top business schools.
Top business schools like Harvard, Duke, and Michigan are all accepting it … though still relatively few applicants are submitting GRE scores instead of GMAT scores. We have some advice on this issue. Choose wisely. (GraduateGuide)
What MBA news are you interested in? Share your comments with your fellow aspiring MBAs below, and then sign up for a free GMAT practice test.
The post MBA News: What Does an MBA Cost From a Top Business School? appeared first on Kaplan GMAT Blog.
