Does scholarship amount generally decrease with school rank?

Question

Hi GMATClub!

This may be an obvious question, but does merit scholarship amount generally decrease with school rank? I.e., if I received $$$ in merit scholarship from a top 20 school, should I expect to get less from a top 10 school?

I'm excited to have been admitted to Tepper today with a significant Forté fellowship. I'm very happy with my acceptance and definitely don't want to get ahead of myself but am just curious to hear about others' experiences as it pertains to what my prospects might be if accepted at Top 10 or M7 school.

Does anyone have insight into this? Thanks in advance!

mbahopeful1989 · Answer

For some insight, I would generally think that’s true, however I received generous scholarship from a T10 but nothing from a T20.

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globaldesi · Answer

Again it depends, 
My friends got scholarship from a better institutes but I have seen many people choosing scholarship over college too.

Mlbak878 · Answer

Thanks for the input y'all! Guess I'll just have to wait and see

MBAPrepCoach · Answer

That is correct. however it's not always a one-to-one relationship, for example one of my candidates interviewed for Duke and was rejected whereas he was offered $40,000 for Michigan Ross, which was ranked higher, and $30,000 from Wharton, ranked #1.

He had a 650 GMAT, not sure what his GRE was but about the same however. But, he was French and French are a bit under-represented and he also had a very good application.

So, rank/GMAT has to do with it but it also relates to citizenship and diversity.

Do they have someone of your profile in the seat yet?

What I'm saying is somebody probably thought it would be a good idea to have a(nother) French person at Michigan you know what I mean? Hope this helps

Mlbak878

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abhimanyu1945 · Answer

Just wild guess but I think there are more factors at play than just ranking.
School scholarship Budget, your application and interview performance, diversity factor, etc

CrackVerbalShree · Answer

Mlbak878 ,

Infact I think it's a lot to do with how much does the school wants you to be part of their class. This year I have seen a lot of students with 720+ GMAT Scores applying to lower-ranking schools(15-30) and getting 100% scholarships. Having a higher GMAT average also benefits the school's ranking, this is the reason why people with higher GMAT Scores have a higher chance of getting scholarships.

rgds,
Shree

ExpertsGlobal · Answer

Hello  Mlbak878 ,

Congrats on a very fine admit!

What you are saying is true for many cases especially when the difference in rank is a fair bit. Having said that, ranking is not the only factor that decides how much scholarship a student receives. Frankly, above everything else, it depends on the extent to which a school wants you to be a part of their cohort (depending on your profile, GMAT score, career goals, etc.).

All the best!

bb · Answer

Does scholarship amount generally decrease with school rank?

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