Is it possible to get accepted into an M7 MBA program when you don't have enough money to afford it?
I'm an undergraduate student from an EM country. Even though I'm years away from applying to an MBA program, this question is boggling my mind.
Is it possible to apply and get accepted into a top-MBA program when you have less than $10.000 in your bank account? Do these schools have special programs for students from low-socioeconomic backgrounds to help them afford it?
Let's assume, 6-7 years later, I got accepted into any of the H/S/W MBA programs, but I have less than $10.000 in my bank account because of the value of my local currency. Are they going to help me? Maybe with loans or something else? or am I going to lose my chance because I don't have any money to afford it? How does it work?
Hi Aristotle., any of these topics helpful:
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You're welcome.
"but I have less than $10.000 in my bank account because of the value of my local currency."
ah you're Turkish then
It depends on your application.
All schools give scholarships based on financial need/merit based, but you need to prove yourself. If you have an average application or even above average, you might get lucky with some amount of "scholarship", but don't expect a full-ride. If you have a stellar application, you have a better chance of getting a scholarship. Plus you need to weigh your chances of application as well, IF cost is a factor to you. Should you apply as an average applicant to H/S/W and get no scholarship? Or do you want to apply to T15/T20 and have a waaaaay better chance of getting a scholarship?
If you have an average application and lets say you get into H/S/W and you tell them you can't attend because they aren't giving you scholarship. Welp good luck, they have someone else in line that can pay them. So 1) Work your application and hit the ball out of the park 2) Consider lower schools if you have to.
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