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28 Aug 2018, 09:28
Kudos
Bookmarks
Hi Everybody
I am from South America. My GMAT score is 690. I have almost six years of experience in Finance, Strategy and Business analytics departments.
My post MBA goal: career in Finance or analytics in US or my own country. I am looking for good schools with generous scholarship. I was researching and I found that Kelley MBA has a fellowship for Latin students that covers 60% tuition, does anyone know any scholarship for Latin students or can recommend any school where I could get good $?
Thanks in advance.
I am from South America. My GMAT score is 690. I have almost six years of experience in Finance, Strategy and Business analytics departments.
My post MBA goal: career in Finance or analytics in US or my own country. I am looking for good schools with generous scholarship. I was researching and I found that Kelley MBA has a fellowship for Latin students that covers 60% tuition, does anyone know any scholarship for Latin students or can recommend any school where I could get good $?
Thanks in advance.
30 Aug 2018, 13:51
Kudos
Bookmarks
Hi, I wrote this article very recently for one of the national newspapers in India. I have tried to be very detailed. I hope you are able to draw the parallels as I have written the article keeping the Indian applicants in mind.
Your Dilemma: You tell me! What would you do? Would you take a $140K to $180K loan and go to MIT Sloan, Tuck, Columbia, or would you rather join Kelley with 50% scholarship.
Do you have a rich father who will fund your MBA? Or are you married, have a home loan, and are keen on an education that comes with maximum scholarship ( Even though at the cost of the Brand of the school you will join). What is your appetite for risk?
Coming back to the Original Dilemma:
WHO WILL FACE THIS DILEMMA: You could be an Indian Male with 5+ years of work experience and a 720+ score or an Indian Female applicant with 3+ years of work experience with again a 720+ Score.
If you are an Indian Female applicant with a GMAT =/> 730 or an Indian male applicant with a GMAT >/=740, you will have bigger $$$$ Dilemmas. For example, Vikram shared his decision to join Boston College with a 65 lakh Scholarship as opposed to joining Kelley with a 45 lac scholarship. Many of you met him, and he shared his reasons for these choices vividly. He was primarily driven by scholarships, and was not keen on taking a loan at all. Even though he had to give up a rank 20’ish school, and join a school below 30, he had his own risk appetite.
MORE CASES OF THESE DILEMMAS: VERY WIDE PATTERNS OF HOW THE INDIAN MIND WORKS AND HOW THE STUDENTS MADE THESE DECISIONS
One of the recently admitted applicants( Thomas) had a GMAT 700 and was given 100% tuition + Stipend from a US Rank 26’ish School( Michigan State University). His pockets were probably deeper than many others and he decided to go to Rotman by spending 80 lacs. He did have other reasons for joining Rotman. Getting a job with a bulge bracket investment bank was more important for him ( Even though in Toronto) than working for a role in operations in the United States. Industry/Function was more important for him than the country.
One of our applicants with a GMAT 730 got admitted to Columbia in the early bird round. Both he and I were happy with the results. I was happy as I knew that I will not have to work on his 5 other applications after this. He was happy as Columbia was GOD for him( It is that for many people for MANY MANY REASONS). He applied in the early bird round, and Columbia asked him to pull out his apps from all the other schools( Early Bird Clause: Google it if you do not know what I am talking about). He decided to do early bird round of Columbia despite knowing that he will have to give up any $$ that other schools might offer.
Someone I Spoke with Recently( Conversation with him inspired me to write this email). : He has a GMAT 730 and a diverse profile( Manufacturing + Automotive) and I liked his story. I would rather he applied to top SCHOOLS and took a shot at Wharton, MIT, Tuck, Darden, Duke, Ross. However, I realized that he was more keen on schools that will offer him more $$$$ Money as he wanted to be back in India right after the MBA. He was absolutely right in his reasons and I did not insist harder.
My Recommendations: You carry different risk appetites, and weigh the schools either by ranks or by $$. IT JUST DOES NOT MATTER. You should be satisfied with the choices you make.
Your Dilemma: You tell me! What would you do? Would you take a $140K to $180K loan and go to MIT Sloan, Tuck, Columbia, or would you rather join Kelley with 50% scholarship.
Do you have a rich father who will fund your MBA? Or are you married, have a home loan, and are keen on an education that comes with maximum scholarship ( Even though at the cost of the Brand of the school you will join). What is your appetite for risk?
Coming back to the Original Dilemma:
WHO WILL FACE THIS DILEMMA: You could be an Indian Male with 5+ years of work experience and a 720+ score or an Indian Female applicant with 3+ years of work experience with again a 720+ Score.
If you are an Indian Female applicant with a GMAT =/> 730 or an Indian male applicant with a GMAT >/=740, you will have bigger $$$$ Dilemmas. For example, Vikram shared his decision to join Boston College with a 65 lakh Scholarship as opposed to joining Kelley with a 45 lac scholarship. Many of you met him, and he shared his reasons for these choices vividly. He was primarily driven by scholarships, and was not keen on taking a loan at all. Even though he had to give up a rank 20’ish school, and join a school below 30, he had his own risk appetite.
MORE CASES OF THESE DILEMMAS: VERY WIDE PATTERNS OF HOW THE INDIAN MIND WORKS AND HOW THE STUDENTS MADE THESE DECISIONS
One of the recently admitted applicants( Thomas) had a GMAT 700 and was given 100% tuition + Stipend from a US Rank 26’ish School( Michigan State University). His pockets were probably deeper than many others and he decided to go to Rotman by spending 80 lacs. He did have other reasons for joining Rotman. Getting a job with a bulge bracket investment bank was more important for him ( Even though in Toronto) than working for a role in operations in the United States. Industry/Function was more important for him than the country.
One of our applicants with a GMAT 730 got admitted to Columbia in the early bird round. Both he and I were happy with the results. I was happy as I knew that I will not have to work on his 5 other applications after this. He was happy as Columbia was GOD for him( It is that for many people for MANY MANY REASONS). He applied in the early bird round, and Columbia asked him to pull out his apps from all the other schools( Early Bird Clause: Google it if you do not know what I am talking about). He decided to do early bird round of Columbia despite knowing that he will have to give up any $$ that other schools might offer.
Someone I Spoke with Recently( Conversation with him inspired me to write this email). : He has a GMAT 730 and a diverse profile( Manufacturing + Automotive) and I liked his story. I would rather he applied to top SCHOOLS and took a shot at Wharton, MIT, Tuck, Darden, Duke, Ross. However, I realized that he was more keen on schools that will offer him more $$$$ Money as he wanted to be back in India right after the MBA. He was absolutely right in his reasons and I did not insist harder.
My Recommendations: You carry different risk appetites, and weigh the schools either by ranks or by $$. IT JUST DOES NOT MATTER. You should be satisfied with the choices you make.
03 Sep 2018, 09:30
Kudos
Bookmarks
I think you make a good point with really good examples.
In my case, I am trying to get more $$$ because I don´t have enough saving and I dont want to get a huge loan. Moreover, i think there are many good schools that can provide great education with a fantastic ROI. For instance, I friend told me that last year ASU was offering a full ride to all the MBA class.
Thanks!
In my case, I am trying to get more $$$ because I don´t have enough saving and I dont want to get a huge loan. Moreover, i think there are many good schools that can provide great education with a fantastic ROI. For instance, I friend told me that last year ASU was offering a full ride to all the MBA class.
Thanks!
