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Wildabout
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P[retty sure it is full. All the people who got partials didn't get the fellowship - just another scholarship from the school See quote from the CGSM website


Consortium Fellowship

As a member of The Consortium, you may be eligible for a full-tuition fellowship. Last year, we awarded 380 fellowships covering full tuition and mandatory fees. Fellowship decisions are based entirely on academic and extracurricular merit.

bml1105
angelfire213
Yes you can get accepted to all. You can only get the consortium scholarship (which is full) to one. You can get other scholarships from all the schools (could range from full to partial). I sure did apply to a lot of schools! doing 6 through consortium helped cut down some of the time.
pmayer
Got it. Well, it looks like you applied to a lot of schools! UCLA is the only school that I regret not applying to. I applied to 8 schools, and I ran out of time. How does it work with the consortium? Can you get accepted into multiple consortium schools? Meaning, could you get accepted to SOM and Anderson? Do you have to do a separate interview for the consortium? You can only get a fellowship/partial scholarship offer from the consortium for one school, right?

Is the Consortium scholarship only full? I was under the impression that they could range in value.
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angelfire213
P[retty sure it is full. All the people who got partials didn't get the fellowship - just another scholarship from the school See quote from the CGSM website


Consortium Fellowship

As a member of The Consortium, you may be eligible for a full-tuition fellowship. Last year, we awarded 380 fellowships covering full tuition and mandatory fees. Fellowship decisions are based entirely on academic and extracurricular merit.


Ackkkk. I'm not sure if that makes me more nervous or less about receiving a fellowship from Stern.
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How can the school know you won't get a consortium fellowship? Don't they still have to duke it out on draft day?

After all, if the school wants to give you a partial scholarship, why would they say no to a scholarship partially/fully paid by the Consortium? It's free money from the school's perspective. The Consortium writes ~$25mm in scholarship checks every year.
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I believe the Consortium is essentially a scholarship "broker" of sorts. Those funds come from the schools' coffers and it is not paid by the Consortium itself. That is my understanding from what I have read over the past two years and from what I have learned from speaking with friends who were fellows.

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I checked the annual report again, and tuition is listed as an expense of the Consortium, but the money basically comes entirely from "Tuition remissions by participating members". For example, in 2013, the received $24,299,519 from these participating members, up from $20,625,399 in 2012. They then spent $24,348,519 on student costs. The report in question (check page 19): https://www.cgsm.org/wp-content/uploads/ ... 3_0410.pdf

The accounting is weird, it doesn't make sense that Consortium would claim these expenses/revenue if they don't ever touch the money. It seems almost certain that universities aren't giving away millions of dollars in cash to the Consortium just to get it back later. Anyone have any idea?
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depends on where you ranked stern. If they were not your number 1 choice - they might offer you a full fellowship to entice you away from your number 1 spot (because they cannot offer you the consortium fellowship if your number 1 school gives it to you). If they are your number 1 - they might have not have wanted you to get the CGSM fellowship for whatever reason but wanted you to still get a fellowship. Either way, it means Stern really wants you.
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angelfire213
P[retty sure it is full. All the people who got partials didn't get the fellowship - just another scholarship from the school See quote from the CGSM website


Consortium Fellowship

As a member of The Consortium, you may be eligible for a full-tuition fellowship. Last year, we awarded 380 fellowships covering full tuition and mandatory fees. Fellowship decisions are based entirely on academic and extracurricular merit.


Ackkkk. I'm not sure if that makes me more nervous or less about receiving a fellowship from Stern.
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mahkie
I checked the annual report again, and tuition is listed as an expense of the Consortium, but the money basically comes entirely from "Tuition remissions by participating members". For example, in 2013, the received $24,299,519 from these participating members, up from $20,625,399 in 2012. They then spent $24,348,519 on student costs. The report in question (check page 19): https://www.cgsm.org/wp-content/uploads/ ... 3_0410.pdf

The accounting is weird, it doesn't make sense that Consortium would claim these expenses/revenue if they don't ever touch the money. It seems almost certain that universities aren't giving away millions of dollars in cash to the Consortium just to get it back later. Anyone have any idea?

Nice Mahkie you overachiever you ;) that is great information. I am thinking (these are thoughts in isolation and very possibly dead wrong) that 1) they use the Consortium as a means to pool resources of the member schools. It is a lot easier to attract students dedicated to increasing diversity to one entitity than each individual school. 2) I think it allows schools such as Michigan, UCLA and Berkeley to circumvent the laws barring affirmative action.

Proposition 209 in California has had a substantial impact on the state universities' abilities to recruit and there has been a significant decline in minority enrollment (not just in B schools). I think that is why it seems there are so many state schools on the Consortium list versus private institutions; State schools are held more closely to those affirmative action bans than private schools. Here is an interesting article substantiating statements I have made in the past about certain schools (particulary California) https://www.jbhe.com/features/52_business-schools.html about black enrollment (can't find total URM). The information is dated but according to the Consortium enrollment has not changed dramatically over the past decade for any URM group. I believe that the statistics have some degree of accuracy as I have a friend in the Columbia MBA class who was able to confirm the exact number of blacks (32) in her year at Columbia in 2005. Also I believe the Consortium's mission changed over time to better suit the schools that fall in my #2 above. The organization (I think) used to be geared more toward URMs themselves whereas now it explicitly states that it is for any US citizen who is dedicated to increasing URM enrollment in B school and in management ranks. I think is allows the state schools to say hey look this organization is not only for URMs and we are not violating any affirmative action bans.

As you can see I am bored and have waaay too much time on my hands as I sit in this wait that feels like forever.
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LazyBoy8

Nice Mahkie you overachiever you ;) that is great information. I am thinking (these are thoughts in isolation and very possibly dead wrong) that 1) they use the Consortium as a means to pool resources of the member schools. It is a lot easier to attract students dedicated to increasing diversity to one entitity than each individual school. 2) I think it allows schools such as Michigan, UCLA and Berkeley to circumvent the laws barring affirmative action.

I think you are right. On this article at P&Q, they mention "The benefit to member schools, which ante up the money for the scholarship fund, is obvious". So it looks like schools pony up money somehow (maybe in proportion to program size?) to Consortium. In 2013, the amount was $24mm, and i've read somewhere the 2015 will be $28mm (don't hold me to this). This is divided by 18 member schools, so each school is putting down something like $1.5mm.

If each school is putting down $1.5mm, that's a lot of money, but not that large in the scheme of things for a top university. It would, as you say, allow them to provide a bunch of scholarships that are "softly" targeted at URMs, but that allow anyone who has shown some hustle to help those groups to also get the scholarships. Check out the list of what top schools spend on scholarships. A lot of the big schools could easily drop that kind of money on minority recruitment.

Also, what's interesting from reading the Consortium annual report is that the number of alumni is hitting critical mass, and the OP is getting to be more and more popular with recruiters, who find it cost effective to pay big money to recruit there. Very exciting times for the Consortium.
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Just got interview invite to Stern - Problem - Their diversity day - Saturday - is the same day as the Booth super Saturday. ACK!!!! What to do... it's super-duper busy at work - as in we are even required to work Saturdays right now... can't see how I can take a day off to go to NY.....and booth.... ack.. I'm going to have to figure this out.
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angelfire213
Just got interview invite to Stern - Problem - Their diversity day - Saturday - is the same day as the Booth super Saturday. ACK!!!! What to do... it's super-duper busy at work - as in we are even required to work Saturdays right now... can't see how I can take a day off to go to NY.....and booth.... ack.. I'm going to have to figure this out.

I receieved an interview invite as well. I do not think I will be going to the Saturday Diversity interview. I feel kind of bad as I am not able to make it to the Ross Consortium team building interview and already did that with a local alumni. I don't know, I like the idea of being able to network and the mock classes the diversity interview day has to offer but I think I will end up doing the 30 minute weekday one. I hope that both schools do not hold this against me.
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Dang guys.

I didn't get a Stern interview invite. Any hope of that happening? Is this possible? I'm upset with myself because I spaced out during the Ross Interview.

I submitted Stern on 1/5 but didn't hear back from them that they received my app until 1/27.

I'm still waiting for my application to be completed at Tuck and Yale. I'm waiting on the interview invite at Yale. I also have Sloan on the side that I'm waiting on.

#TheStruggle
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jbotero08
Dang guys.

I didn't get a Stern interview invite. Any hope of that happening? Is this possible? I'm upset with myself because I spaced out during the Ross Interview.


Don't worry! If there's anything i've learned from obsessively poring over past gmatclub applicant threads, it's way more common to think you had a great interview and get put on the waitlist than to have a terrible interview and get put on the waitlist. I've read so many admit posts that say "I'm incredibly surprised I got an admit, because I screwed up the interview so badly"
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angelfire213
Just got interview invite to Stern - Problem - Their diversity day - Saturday - is the same day as the Booth super Saturday. ACK!!!! What to do... it's super-duper busy at work - as in we are even required to work Saturdays right now... can't see how I can take a day off to go to NY.....and booth.... ack.. I'm going to have to figure this out.

Congrats!!! Can't you interview on a day that isn't the Diversity Day?
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Thanks mahkie. I did get the Booth invite and I'll be interviewing at Kellogg as well. This is just stressful. I applied to 10 and I could see myself at 8 of those 10.

I guess I should give up on Stern. Com'on Yale and Sloan. I need some love.

mahkie
jbotero08
Dang guys.

I didn't get a Stern interview invite. Any hope of that happening? Is this possible? I'm upset with myself because I spaced out during the Ross Interview.


Don't worry! If there's anything i've learned from obsessively poring over past gmatclub applicant threads, it's way more common to think you had a great interview and get put on the waitlist than to have a terrible interview and get put on the waitlist. I've read so many admit posts that say "I'm incredibly surprised I got an admit, because I screwed up the interview so badly"
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Question about The Consortium- do potential members interview with The Consortium as part of the Fellowship selection process or do they base their decision on your Consortium application?
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Question about The Consortium- do potential members interview with The Consortium as part of the Fellowship selection process or do they base their decision on your Consortium application?

No more interview, so I guess it comes down to your application.
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Also, if you've been accepted to a school (which needs to happen before you get the fellowship), the school has already interviewed you. I'm sure they already have a short list of who from Round 1 they want to offer fellowships too and are just waiting to see who comes in Round 2 before they make their official draft list.
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