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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!
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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)
This is not entirely true. CBS will give you a scholarship if you qualify and they feel you are deserving of one. Alternatively, they may be more inclined to reward their ED students since offering RD students a scholarship is risky since they might not accept.
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.
Leverage for negotiating a scholarship is not all that successful. It works occasionally but not frequently enough that this should way into your decision.
In general, if finances are a serious issue for you, then you have no choice but to apply RD. Yes, your chances for CBS will go down slightly but it will give you optionality. Then you can do an ROI and cost-benefit on each school to which you are accepted.
FWIW, even if you don't apply ED to CBS you can and probably apply as soon as you can so you are in the front of the RD line for rolling admissions.
I am just wondering if the applicants apply to multiple schools in Early Decision round and get admissions from several. Do you know what happens in that case or seen instances like that? Should users apply to just one school in the ED?
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.
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: [email protected].
I can confirm that I know both RD and ED who got 100% merit based scholarship. Both very different profiles: one very unique, one more standard for B school. I guess both managed to make their stories compelling and put their true selves forward. So I completely agree with Scott.
ED at Columbia isn't binding much as I have known for the last 2 years. The ED does require to pay some 6000 USD deposit though. ED at Duke is rather Binding and requires you to join at any cost.
"My doubt is that showing this commitment could negatively impact my leverage for receiving a scholarship." - Without any BS- yes it does. But in CBS you can still negotiate a higher amount through other offers, given it is binding in monetary sense (if it requires you to definitely go- then there is a need based fellowship- make sure you look at the criteria before applying) "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." Understandable and that is the reason why chances of you getting in are high to a certain degree. Tradeoff between finances and chances of getting in.
ED at Columbia isn't binding much as I have known for the last 2 years. The ED does require to pay some 6000 USD deposit though. ED at Duke is rather Binding and requires you to join at any cost.
"My doubt is that showing this commitment could negatively impact my leverage for receiving a scholarship." - Without any BS- yes it does. But in CBS you can still negotiate a higher amount through other offers, given it is binding in monetary sense (if it requires you to definitely go- then there is a need based fellowship- make sure you look at the criteria before applying) "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." Understandable and that is the reason why chances of you getting in are high to a certain degree. Tradeoff between finances and chances of getting in.
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I have to strongly disagree that CBS scholarship is impacted by RD and ED. I know plenty of students with large scholarships who applied and were accepted in ED. Columbia knows that its ED is often used by students as an insurance policy, hence their much larger (6K vs 2K) deposit. They know they will lose students every year to other schools especially ED applicants, so why would they make the problem even worse by giving less scholarships.