Source
r/MBA•
Dcamp

Is it common to get additional scholarships in year 2?

Hi everyone,

I'm in the process in choosing between the schools I was accepted to. My first choice school accepted me with a ~25% scholarship. The other schools I was accepted to are offering me a full-ride. I don't have a ton of liquid assets and I'm coming from a pretty low-salary job so the financial burden of an MBA (taking out loans, moving, etc.) is stressing me out somewhat.

I'm curious, if I were to accept the lower scholarship offer and attend my first choice, is it common for students in year two to receive more scholarship money? Or is that unlikely?

For reference, my first choice is in the T25-30 range, other schools are T35-T40.

Thanks!

Posted Feb 6, 2019, 3:56 PM UTC

67
popoto_is_not_food•

Very unlikely as once you’re in there is no incentive for the schools to give out additional scholarships.

14
Brawndotaste•

I can't speak for other schools, but at Darden they do give some second year scholarships. If you have to look at it from a purely rational perspective, then there are a number of reasons why schools do this. Here are two:

  1. It incentivizes students to get exceptional grades, engage in activities that strengthen the community, and take risks on entrepreneurial endeavors.

  2. some alumni earmark their contributions for such scholarships.

I'd also say that some schools are just committed to making MBAs more affordable and it's not all about negotiation and incentives.

5
DcampOP•

Yeah, that's what I figured. Thanks!

1
whatdoijewnow•

I’ve never heard of this happening. Scholarship awards are typically for two years, and the award letters from each school will normally state this explicitly.

The only potential difference in 2nd year is some schools offer TA or other paid research positions for 2nd years, but those are not very high pay.

3
DcampOP•

I gotcha, yeah on the scholarship letter it specifies the amount for each year. I'm going to email them to see if I can leverage the other offers to negotiate a higher scholarship offer. We'll see what happens.

1
cxzhu1•

Can only speak for my school but we have a second year scholarship awarded to the student with the highest GPA in the program.

3
DcampOP•

Interesting, thanks for the insight. I'm not school if the school I'm looking at does that. Either way it'd be hard to predict if I could earn that so I can't bank on it.

1
[deleted]•

[deleted]

1