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01 Jul 2025, 08:50
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Obviously, I'm hugely grateful for both these offers, but I'll have to make a decision in the next month.
I'm an EU international who just finished undergrad in the US, but am heading into a job in my home country during the deferral period that will pay me far less than what my American friends going into IB/PE/tech/consulting will make, at least on the top-line (I'm getting ~$50K USD/year in a HCOL city).
I would use the MBA to return to the US and try to recruit for a job in finance like IB. Financial aid from either school would impact my decision the most, but both H/W only let you know if you get aid in the year you matriculate (so not now). I plan to defer my admission for 4 years, which is the max deferral period for either, to allow me to build up savings because imma be poor AF.
The way I see it, I have 3 options with the following justifications for each:
Any guidance from people experienced with this would be hugely appreciated. Thank you!
I'm an EU international who just finished undergrad in the US, but am heading into a job in my home country during the deferral period that will pay me far less than what my American friends going into IB/PE/tech/consulting will make, at least on the top-line (I'm getting ~$50K USD/year in a HCOL city).
I would use the MBA to return to the US and try to recruit for a job in finance like IB. Financial aid from either school would impact my decision the most, but both H/W only let you know if you get aid in the year you matriculate (so not now). I plan to defer my admission for 4 years, which is the max deferral period for either, to allow me to build up savings because imma be poor AF.
The way I see it, I have 3 options with the following justifications for each:
- HBS: it offers need-based aid unlike Wharton that may be helpful for someone like me who isn't going to earn a lot. Sadly the online estimator doesn't seem to exist anymore
- Wharton: apparently offers large merit based scholarships that from anecdotes I've seen on Reddit, can be very substantial. But I couldn't find much on what these require, and how they're given
- Accept both secretly and ultimately attend the one which gives me more financial aid in 4 years time. Risky.
Any guidance from people experienced with this would be hugely appreciated. Thank you!
01 Jul 2025, 09:40
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Hi. Congratulations on the awesome results!
The future prediction business is very risky
if we are looking 4 years ahead! Who knows what the FinAid policies will be and how they will play out with scholarships and awards.
What I have seen is that most people end up reapplying (not all) but many reapply to see if they can get a scholarship or because they change their focus or they get married and their SO is in a different city than PHL or Boston for example. Others may forego as they have a startup or a busy career or family. All kinds of things happen.
And usually those who reapply have really strong chances and very good applications so they get in, so the decision you are stuck with right now is not so critical so to speak. Wharton is probably not guaranteed to get a scholarship. HBS is the most likely a more certain candidate for FinAid as they have a $65K as their cut off for the poor state, though they look more at your savings rather than earnings, so make sure you don't have a lot of money in your retirement accounts as that will be a consideration (someone got burned by that a year ago). So savings sort of backfire with HBS unfortunately...
You can always reapply in 4 years (hopefully test score is still valid) if that is not the choice you want to pursue or if you want to attend Stanford for example.
The future prediction business is very risky
if we are looking 4 years ahead! Who knows what the FinAid policies will be and how they will play out with scholarships and awards. What I have seen is that most people end up reapplying (not all) but many reapply to see if they can get a scholarship or because they change their focus or they get married and their SO is in a different city than PHL or Boston for example. Others may forego as they have a startup or a busy career or family. All kinds of things happen.
And usually those who reapply have really strong chances and very good applications so they get in, so the decision you are stuck with right now is not so critical so to speak. Wharton is probably not guaranteed to get a scholarship. HBS is the most likely a more certain candidate for FinAid as they have a $65K as their cut off for the poor state, though they look more at your savings rather than earnings, so make sure you don't have a lot of money in your retirement accounts as that will be a consideration (someone got burned by that a year ago). So savings sort of backfire with HBS unfortunately...
You can always reapply in 4 years (hopefully test score is still valid) if that is not the choice you want to pursue or if you want to attend Stanford for example.
