WOW! I just saw something in this article as I re-read it. We've talked over the last couple of days about the strategies that the schools use to draft students, and the question came up: 1. How does a lower ranked school get to offer you the fellowship? 2. And what happens to all of the money that gets turned down?
According to the P&Q article on the Consortium draft:
1. The schools get first dibs voting on the students who rank them first. However, they can only choose SIX at a time. If they pass on you, a lower ranked school has the opportunity to snag you before your top choice comes back around. They do this in 6 rounds. Now that's the way I interpreted the article with my second read. If anyone interprets/understands it differently, please let me know because I could be understanding it wrong.
2. Many of the schools offer more fellowships than they have room for trying to get the right number of students. To the student that said that Anderson mentioned the possibility of a fellowship, it sounds like their school policy could be to give out the fellowships that didn't get accepted.
Here's a link to the article:
https://poetsandquants.com/2011/04/20/inside-the-20-million-mba-draft/ - Draft details are on page 2 of the article.
Makes me so happy that I only chose to apply to one Consortium school because I knew I wanted Kelley.