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14 Mar 2020, 03:26
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Hello, folks! So I have a bit of a “good” problem here, and I need the advice of fellow GMAT Club comrades. I’m an international student from Africa. I currently work in Africa, but I attended one of the elite NESCAC colleges and majored in math (on full funding). I work in the finance industry, and I’m also a CFA charterholder. I had a 710 GMAT with 50Q. I’m 32 (33 by matriculation). These are my admissions outcome:
• Simon: Full tuition scholarship
• Carlson: Full tuition plus stipend of $10K per year for living expenses. Total award value is $125K. Deans Fellow scholarship
• Fisher: Graduate Assistantship which provides full tuition waiver, student fee waiver, health insurance and living stipend. The award value is over $145K. I
literally have to pay nothing, but it requires 20 hours per week
• Kelley: 75% tuition waiver plus health insurance
• Tuck: Waitlisted, but I’ve kinda moved on from this
The truth is that finance is a really big issue. I could not attend Darden last year (despite 1/3 tuition scholarship) as I could not get a no-cosigner loan due to a complication in handling my college student loan payment. I live in an African country where earning $20K per year places you among the top 5%-10% of earners. So, you can imagine how low my standards are in terms of salaries and earnings. My goal post-MBA is to get a decent finance gig. I know that I have the experience and skill sets for high finance (especially investment management), but I’m realistic, so any good job in finance (Corporate Finance, Financial Analyst, etc.) works. Given my significant financial constraints, Carlson and Fisher look like the best options. However, choosing Carlson means I have to borrow $12K per year as my savings is about $4K. Fisher is practically free, but I’m wondering if the time commitment of the Graduate Assistantship won’t derail my MBA experience. Please help advise me.
• Simon: Full tuition scholarship
• Carlson: Full tuition plus stipend of $10K per year for living expenses. Total award value is $125K. Deans Fellow scholarship
• Fisher: Graduate Assistantship which provides full tuition waiver, student fee waiver, health insurance and living stipend. The award value is over $145K. I
literally have to pay nothing, but it requires 20 hours per week
• Kelley: 75% tuition waiver plus health insurance
• Tuck: Waitlisted, but I’ve kinda moved on from this
The truth is that finance is a really big issue. I could not attend Darden last year (despite 1/3 tuition scholarship) as I could not get a no-cosigner loan due to a complication in handling my college student loan payment. I live in an African country where earning $20K per year places you among the top 5%-10% of earners. So, you can imagine how low my standards are in terms of salaries and earnings. My goal post-MBA is to get a decent finance gig. I know that I have the experience and skill sets for high finance (especially investment management), but I’m realistic, so any good job in finance (Corporate Finance, Financial Analyst, etc.) works. Given my significant financial constraints, Carlson and Fisher look like the best options. However, choosing Carlson means I have to borrow $12K per year as my savings is about $4K. Fisher is practically free, but I’m wondering if the time commitment of the Graduate Assistantship won’t derail my MBA experience. Please help advise me.
MBAVet25
Joined: 26 Sep 2019
Last visit: 26 Apr 2021
Posts: 40
Given Kudos: 2
Schools: Darden '22 (WL) Sloan '22 (WL)
GPA: 3.2
14 Mar 2020, 11:48
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Honestly, I wouldn’t give up on Tuck. With how everything is playing out right now with the virus and other factors, I would not be surprised if schools outside the M7 reach DEEP into their waitlist pool this year. Potentially with scholarship money as well. Granted this is just speculation.
I personally like Kelley for the other options. Seems to be on an upward trend that places decently well into finance roles. I would also consider negotiating for more money. I have a feeling a lot of schools will be lacking on international students next fall. Thus more incentive to provide scholarships.
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I personally like Kelley for the other options. Seems to be on an upward trend that places decently well into finance roles. I would also consider negotiating for more money. I have a feeling a lot of schools will be lacking on international students next fall. Thus more incentive to provide scholarships.
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Mo2men
Joined: 26 Mar 2013
Last visit: 09 May 2023
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14 Mar 2020, 16:28
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chiefinance
Congrats for the admission for all those schools.
I personally would choose Kelley over those schools (excluding Tuck), especially that Kelley is STEM program. However, I totally understand your financial situation as I come from same poll in Africa too. So, if you reach the extent that borrowing 12k is huge for you, then you might think in taking loans from prodigy or any financial institution or simply accept Fisher and rest assure that commitment of the Graduate Assistantship won’t derail my MBA experience. I personally knew a friend in Kelley who was teaching undergrad during her MBA in Kelley and was head of supply chain club and enjoyed her MBA.
Good luck
