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11 Jul 2024, 20:42
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Hi everyone!
I am trying to decide in the upcoming month which B-schools to apply to in Europe.
My top 3 choices are HBS, GBS and Wharton and I want to choose 2 more European schools, since I am located in Europe already - top personal faves are LBS and Oxford Said, but I am open to switch.
As a bit of background, I am lawyer with an international law firm (think global top 10) so the conclusion I came to by analysing my current role and future prospects is that, ultimately, taking on the financial burden of an MBA would only be worth it if I pursue one of the more prestigious programs (as you can see from my top choices).
My question is on European schools’ affordability - I am willing to take a loan and hoping to get at least some form of scholarship, but I am concerned about (i) any upfront payments / deposits (e.g HEC told me there is a EUR 9k payment to secure the spot) (ii) costs of living (which I am not entirely sure are covered by the loans) and (iii) scholarship amounts (I am aware thay European schools are less generous). For various personal reasons, my savings are not that substantial as to allow me to pay for my living costs in full for the two years.
So, my question is, which European B-schools do you know to be able to provide this kind of financial aid, if any? Or am I better off just applying to 2 more US schools?
Thank you!!
Posted from my mobile device
I am trying to decide in the upcoming month which B-schools to apply to in Europe.
My top 3 choices are HBS, GBS and Wharton and I want to choose 2 more European schools, since I am located in Europe already - top personal faves are LBS and Oxford Said, but I am open to switch.
As a bit of background, I am lawyer with an international law firm (think global top 10) so the conclusion I came to by analysing my current role and future prospects is that, ultimately, taking on the financial burden of an MBA would only be worth it if I pursue one of the more prestigious programs (as you can see from my top choices).
My question is on European schools’ affordability - I am willing to take a loan and hoping to get at least some form of scholarship, but I am concerned about (i) any upfront payments / deposits (e.g HEC told me there is a EUR 9k payment to secure the spot) (ii) costs of living (which I am not entirely sure are covered by the loans) and (iii) scholarship amounts (I am aware thay European schools are less generous). For various personal reasons, my savings are not that substantial as to allow me to pay for my living costs in full for the two years.
So, my question is, which European B-schools do you know to be able to provide this kind of financial aid, if any? Or am I better off just applying to 2 more US schools?
Thank you!!
Posted from my mobile device
MBAGuide
Joined: 24 Jul 2019
Last visit: 24 Apr 2026
Posts: 2,362
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Given Kudos: 28
Location: India
Concentration: Operations, Marketing
Schools: Insead Sept'18 (A$$) ISB '19 (A)
12 Jul 2024, 01:03
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z.helen17
z.helen17 you are right, the reality of debt hits hard when people pay the first booking deposit, often out of their own pocket (I did the same). Given your situation, do some thorough research on the companies that will also cover the upfront payments and living expenses. I know some of my friends at INSEAD took out additional loans from a second company to cover living expenses. All in all, these are things you need to clarify by talking to students and alumni and perhaps adcom representatives to understand your options and let the adcoms know your situation and expectations before you apply. Also, I do not understand why you think EU schools award fewer scholarships. I think they are very considerate when it comes to giving financial aid to women from underrepresented backgrounds/countries. If your profile is compelling, the adcoms will consider financial aid provided you can demonstrate "need". I think you could put INSEAD, HEC and IESE on your list, do your best to get the admit and then hard negotiate with your dream school citing the other admits.
Best wishes
Aanchal Sahni (INSEAD MBA alumna, former INSEAD MBA admissions interviewer)
Founder, MBAGuideConsulting
LinkedIn: https://www.linkedin.com/in/aanchal-sahni-83b00819/ |WEBSITE: https://mbaguideconsulting.com/| Message(WA): +91 9971200927| email- [email protected]
