Pici wrote:
Hello,
I am undecided on whether to apply for ED vs RD. My main doubt is related to how this selection can impact the likelihood of getting a scholarship.
I read on several posts that applying with ED can increase the chances of getting accepted, since overall the number of applicants is lower.
I know however that with ED a candidate must sign a Statement of Commitment to withdraw all applications and decline all offers from other schools upon admission to CBS.
CBS is actually my first choice for many reasons, but for my financial situation I would prioritize other schools if they offered me a scholarship.
My doubt is that showing this commitment could negatively impact my leverage for receiving a scholarship.
Main reasons I can think of:
1) they know they are my first choice, so they might think they would not need to give me further incentives (e.g. a scholarship)
2) I would not have the argument of other school offers (since I theoretically should withdraw all applications after admission) to use as a leverage for negotiating a scholarship.
Do you have any insight to share?
Thank you in advance!
Hello
Pici,
With a limited amount of money to go around, the earlier you can get your applications in, the better. Schools also want to be sure that their classes are filled with well-rounded students and are more likely to use scholarships to ensure this earlier in the process.
CBS is the only major school offering early decision and rolling admissions. If it is your first choice, I would go ahead and apply early. ED does not decrease your chances of getting scholarships at all. It makes sense to be nervous about this, but they award money based on how good you are and we have ED clients who get 100% full rides every year!
There are also ways to help maximize your chances for an MBA scholarship. Along with applying early, it is crucial that your application tells a solid story about how you will add unique value on campus.
CBS cares about demonstrated interest. There are many ways to reach out to and connect with the school remotely.
In the best-case scenario, you will build a rapport with an admissions representative and directly improve your chances of earning a scholarship. Even if this does not happen, attending online events and interacting with the school will give you valuable material to make your essays stand out (students are often the most valuable resources since admissions directors may not be as available to chat with you).
Happy to connect so we can help boost your candidacy and increase your chances of earning a scholarship:
scott@personalmbacoach.com.
Best,
Personal MBA Coach