Most top 30 schools offer free money or what we all know as fellowship. The amount could range from $10,000 to $50,000 per year with top schools offering upwards of $45,000. Most accepted students would receive the $10,000+ annual fellowship fund with no strings attached. Before you go into the process of optimizing your pitch for ‘more’ fellowship or scholarship fund, here are some strategic insights you must have.
1) Relative Competitiveness
Harvard, Stanford, Wharton, Columbia and MIT are equally competitive for all top applicants. Not just because of the quality of the class, the curriculum structure and the reputation among recruiters, they are also among the most generous schools when it comes to fellowship funds. However, if you are desperate to get out of the current job function/industry and pursue opportunities in the US, the UK or Europe, in a role that matches your aptitude, an MBA program in the 10 to 30 ranking might have become a feasible option. Understanding where your profile stands among the peers for the school would help you develop the strategy.