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06 Jan 2020, 21:27
Kudos
Bookmarks
Hi all,
In R1, I was lucky to be admitted to a few M7 schools (non HSW) with fellowships from 0 - $40K
I also managed to get a full ride ($148K) with Ross.
I am intending to use my available offers to ask for a more generous fellowship among the M7 schools ( I know this is possible and happened prior years). I'm grateful for Ross but my mind is set on M7.
I have emailed a few schools and the standard reply is that they will look into it once more funds are available (I assume is when other students reject their fellowship)
Question:
1. If the school only knows students' intention by deposit date,does it mean theoretically I have to pay deposit first, then wait for the scholarship revision? This is rather counter-intuitive (or chicken and egg) as I would want to know the offer before I make my decision, but then the school wont give me more money until they hear from the rest? Was this what happened to you? (addressing this to seniors who went through the process)
2. If the scenario in 1) is indeed the common practice, am I right to say that even after deposit is paid, the school is still motivated to "lure" you? Or do they switch gear and say " ah-ha, you paid us deposit, so you need us hence we wont budge"?
3. Has anyone received their scholarship offer revised before deposit date? Has anyone received their scholarship offer revised after deposit date?
I applied in R1 and now realize this might be a disadvantage as usually only in April would the school know how much money is left. I knew someone applied last year in R3 and asked for more money and got it right away.
Hope to hear from you experience!
In R1, I was lucky to be admitted to a few M7 schools (non HSW) with fellowships from 0 - $40K
I also managed to get a full ride ($148K) with Ross.
I am intending to use my available offers to ask for a more generous fellowship among the M7 schools ( I know this is possible and happened prior years). I'm grateful for Ross but my mind is set on M7.
I have emailed a few schools and the standard reply is that they will look into it once more funds are available (I assume is when other students reject their fellowship)
Question:
1. If the school only knows students' intention by deposit date,does it mean theoretically I have to pay deposit first, then wait for the scholarship revision? This is rather counter-intuitive (or chicken and egg) as I would want to know the offer before I make my decision, but then the school wont give me more money until they hear from the rest? Was this what happened to you? (addressing this to seniors who went through the process)
2. If the scenario in 1) is indeed the common practice, am I right to say that even after deposit is paid, the school is still motivated to "lure" you? Or do they switch gear and say " ah-ha, you paid us deposit, so you need us hence we wont budge"?
3. Has anyone received their scholarship offer revised before deposit date? Has anyone received their scholarship offer revised after deposit date?
I applied in R1 and now realize this might be a disadvantage as usually only in April would the school know how much money is left. I knew someone applied last year in R3 and asked for more money and got it right away.
Hope to hear from you experience!
06 Jan 2020, 21:43
Kudos
Bookmarks
First of all congrats!
Scholarships are earmarked for specific candidacies and specific profiles/cases. It does not mean that if anyone who got $$ does not enroll, suddenly there is free money. Schools have been doing this for a long time and usually know which cases are best and how to manage funds. I would say what you got offered is what you got offered.
Some schools do offer additional scholarships available after you pay the deposit and accept the offer but those funds are few and I would not count on them. Usually you can leverage other offers to get better options. It if you already reached out, and got an answer, any chances of a scholarship may come from a program you reject... but that’s a very slight chance....
FYI, Here is my overall master topic in scholarships: https://gmatclub.com/forum/negotiating- ... 12949.html
Posted from my mobile device
Scholarships are earmarked for specific candidacies and specific profiles/cases. It does not mean that if anyone who got $$ does not enroll, suddenly there is free money. Schools have been doing this for a long time and usually know which cases are best and how to manage funds. I would say what you got offered is what you got offered.
Some schools do offer additional scholarships available after you pay the deposit and accept the offer but those funds are few and I would not count on them. Usually you can leverage other offers to get better options. It if you already reached out, and got an answer, any chances of a scholarship may come from a program you reject... but that’s a very slight chance....
FYI, Here is my overall master topic in scholarships: https://gmatclub.com/forum/negotiating- ... 12949.html
Posted from my mobile device
06 Jan 2020, 23:19
Kudos
Bookmarks
Hi BB,
Spending years on this forum, getting a reply from you feels like the final validation for all the efforts XD
"Usually you can leverage other offers to get better options"
One aspect of this negotiation that I could not find on your masterpost is timing. When do I do this?
Do you think with multiple offers, the best time to negotiate/state your intent is prior to deposit day? If not, what should be the best timing in term of negotiation? (with respect to Decision Announcement and Deposit Date)
I am currently a R1 admit. Based on this advice in one of the links you sent (https://www.amerasiaconsulting.com/blog ... an-debacle) Does it make sense for me to wait all the way until end of R2 deposit date?
Spending years on this forum, getting a reply from you feels like the final validation for all the efforts XD
"Usually you can leverage other offers to get better options"
One aspect of this negotiation that I could not find on your masterpost is timing. When do I do this?
Do you think with multiple offers, the best time to negotiate/state your intent is prior to deposit day? If not, what should be the best timing in term of negotiation? (with respect to Decision Announcement and Deposit Date)
I am currently a R1 admit. Based on this advice in one of the links you sent (https://www.amerasiaconsulting.com/blog ... an-debacle) Does it make sense for me to wait all the way until end of R2 deposit date?
