Scholarships

Question

I was given a $40,000 (half tuition) Dean's Scholarship for WashU Olin! How common are scholarships at some of the higher ranked schools (10-15)? I have a feeling this might be my only scholarship offer this season. Thoughts/Experiences?

isa · Answer

No idea how to answer your question. But. Congrats!! Regardless of how common it is, it's still pretty awesome!!

traffix · Answer

The lower you go in the rankings, the greater the scholarship offers! Rice for example offered schloraships to 80% of their admitted students averaging $20,000!

spiridon · Answer

is it true that Rice is kinda struggling to attract enough applicants for some unexplained reason?

traffix · Answer

I am not sure about that! The school still has an acceptance rate of about 35-40% which is on par with other schools in that cluster. In fact, for someone wanting to work in Houston/Texas, Rice is a great option if you cannot get into a top 10-15 school! The total compenstaion for Rice graduates last year (based on BW data) was 120K with about 70% placed in southwest. In comparison, Texas has a tot comp of $126K, UNC 125K, Kelley 122K, Darden 132K, Tepper 135K.

Ofcourse, total compensation should not be the only determinant used to select a school, but the numbers arent that bad for Rice.

If u dont want to get into IB or MC, and you wanna live in Texas, Rice is worth a look!

PS: Darden and other schools listed are meant for comparison and do not represent any clusters (trying to avoid confrontation)

spiridon · Answer

ok ok i agree on everything u said they do have a great compenstation for grads which is ofcourse a very important factor (otherwise we would be studying poetry

but i meant... (despite the fact this school is great ) i read somewhere they (rice) had troubles to attract a wide pool of applicants in the past several years

traffix · Answer

Again, since it is percieved as a regional program (and righfully so), it doesnt get the diverse application base that other schools command. Although, outside of Texas, most Rice alumni are based in the New York region.

I do agree with you that the program is not diverse enough, both domestically and internationally!

McDargoiowkel · Answer

I got a scholarship from a top 25 school, but I'm not counting on anything from the higher ranked programs.

Raabend · Answer

Its hard to turn away from that much money! But you might get some scholarship $ from top schools because of your 810 GMAT score

Yahsek · Answer

LOL @ 810.

McDargoiowkel · Answer

Yeah, but I have terrible personal hygiene, so it all evens out in the interview. God never opens a door without closing a window.

nink · Answer

Although schools like Rice U is ranked high on rankings (such as US NEws) for their undergrad and other programs, they aren't well known throughout the country.

For example, my fiance's first job out of college was in Corp finance division of fortune 500 company in NYC. They didn't know where Emory University was....thought it was some kinda ghetto school.....

Rice U was the same.......

traffix · Answer

Sorry to burst the bubble, but no one thinks of Rice (or Emory) as a "ghetto" school. Its undergrad is well respected throughout the US!

Edit - Added Emory

Raabend · Answer

Everyone around the country knows Rice and Emory are top tier universities. And people at fortune 500 should know that too!

nink · Answer

Did you not get my point! I never said it was ghetto. I said it wasn't well known to some people in the north!

traffix · Answer

North as in canada? Just kiddin. But, seriously, I was commenting on the "ghetto" point more than the "not well known" point. Just because a school is not well known in another part of the country, it doesnt become "ghetto".

Sleepy · Answer

Rice scholarships are probably not indicative of anything. Rice U has traditionally been significantly cheaper than it's peers. The school's initial grant was an oil field, for a long time they didn't even charge tuition.

nink · Answer

Point well taken...

traffix · Answer

They dint even charge tution? Wow, dint know that!

McDargoiowkel · Answer

Isn't Emory top 5 undergrad on BW? I'm assuming they use similar rankings based on recruiter opinion.

Scholarships

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