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Quant45
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Quant45
Hey folks -
I fully expect to get labelled a pretentious douche for posting this question - apologies in advance and I'll try not to belabor my words.
I will be applying to M7 this fall. I scored a 750 on GMAT. I know this is more than good enough for admissions consideration. What I'm concerned about are scholarships. Would a higher score significantly increase chances of merit-based aid at any of these schools?

I don't want to re-take this but would hate to leave money on the table. Unless it's Harvard I'm strongly opposed to paying sticker tuition. I think my time would be better used to pivot immediately to other elements of my application... hopefully those of you with experience here will agree.

Note that the rest of my profile is strong:

UG Engineering GPA (T25 school): 3.5
MS Engineering (T25 - completed while fully employed): ~4.0
7 years work experience Blue chip company at time of 2019 matriculation - mix of project management and business development (P&L accountability for multi-million $ budgets; leading 10-30+ person teams; lead lots of interactions with present day customers and potential future customers)

Very strong references
Years of community involvement in leadership roles
Experience running my own business on the side for the past 3 years - high profitability

Goal: Management consulting for a few years and then likely transition back to my industry in more senior leadership role... continue to grow my business on the side

Male. Not a URM nor do I have any "sob stories".

Hi Quant45,

Thanks for writing in.

With your overall profile and GMAT score, you definitely have a strong case out there. That said, leave aside a 750, even a 780 cannot guarantee you a scholarship in the M7 since the scholarship is dependent on a variety of factors :-)

In case you are very keen on the scholarship and don't mind compromising on the ranking just a bit, we recommend that you look at a few programs between ranks 15-20. These are fantastic programs as well and you stand a good chance of getting a scholarship here.

All the best! :-)
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Dear PD, this is a decent score but by no means a guarantee of anything; they look at leadership and diversity as well, in fact, the entire application as a whole. I agree that focusing on top 10 to 20 would improve your odds but based on my experience I don't think that it's impossible for you to get a merit award from a top 10. Are you aware that Stanford and Harvard do not offer merit awards? And in reference to the sob story remark be aware that making an emotional connection with the admissions committee is what separates people because theyre looking to get to know you as a person. The accomplishments and the analysis are a dime a dozen Stories that illustrate transformation is a winning strategy. They're trying to figure out if they want you in their family for all eternity.

https://mbaprepcoach.com