August 4th, 2018
I have worked with a lot of people who got Full scholarships from US Top 10 Programs.
Check out their profiles with profile details on TOP GMAT GRE SAT Coaching
As you will see, there are many of them with full scholarship from Darden, Duke, Tuck and many other programs.
Well- in addition to what others said on this thread, I want to add the following
1. Scholarships are strong negotiation tools for the business schools. Throwing money at you is school’s way of addressing its insecurities.
I want to share an article I recently wrote for a National Newspaper in India- I hope it helps you get what you are looking for. Step into our office in Gurgaon and Delhi, and you will be surprised at more than 80 Crores of scholarships- with real people and real Names! We were not the only ones to work hard- our applicants worked equally hard with us, and were very committed, and I acknowledge them as well.
Pasting the Article
PythaGURUS MBA Admissions: Do you have a rich father? Are you married or Single?
Some of you are struggling to understand the Financial AID Options. I will elaborate to make it clear for you in this email.
Your Dilemma: You tell me! What would you do? Would you take a 95 lac loan and go to MIT Sloan, Tuck, Columbia(
1.16 crores), 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?
One of my applicants recently shared that “Marriage kills the risk appetite”, and then he smiled. I was also told that “I will understand this someday” and then he smiled. J ….
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, (Also read- How do I score 740 or above in the GMAT?) 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 MIT, Tuck, Darden, Duke, and other Top Schools( NOT ROSS Because of Financial Aid). However, I realized that he was more keen on schools that will offer him more $$$$ Money. He was absolutely right in his reasons and I did not insist harder.
My Recommendations: You carry different risk appetites, and weigh the schools either by ranks or by $$. IT JUST DOES NOT MATTER. You should be satisfied with the choices you make.
In my next email, I will share more about “DIFFERENT LEVELS OF RISK APPETITES” that you belong to. I will also share other parameters that you should consider while making these choices. Whatever category you belong to, you are absolutely fine in that. There is nothing right or wrong in that. I am just making you aware of the buckets, and sharing my experiences.