BREAKING: Temple Fox Awards Settlement After Rankings Fallout
According to the Philadelphia Inquirer, Pennsylvania state Attorney General Josh Shapiro officially announced a settlement with the Temple University Fox School of Business in Philadelphia regarding its previously reported false reporting with U.S. News & World Report. The new Temple lawsuit settlement awards Fox students at least $250,000 in new scholarships.
Continue reading…Top MBA Jobs: Senior Financial Analyst
Working in financial services is one of the most coveted career paths for MBA graduates. It pays well; you can find a job anywhere in the world; and top companies recruit in finance. Unfortunately, all that means that there is a lot of competition. It can be tough to break into the financial services industry though rewarding. If you’re interested in this lucrative career field, becoming a financial analyst might be the best place to start. Let’s take a look at what senior financial analysts do, how much they earn, who’s hiring, and where to earn your MBA. Continue reading…
Value Without the Price Tag: How MIT Sloan Assists Low-Income MBA Students
It’s no secret that attending an MBA program can often come with a hefty price tag—and when it comes to one of the top MBA programs in the country, you can guarantee you’ll be paying a lot for the high value of that program. At the Sloan School of Management at MIT, rated as the fourth best business school in the country by the U.S. News and World Report, one year of tuition will set you back $68,250. Factoring in additional fees, such as insurance, food and supplies, the cost is upward of $100,000.
For ambitious students with the skills to attend the best-of-the-best MBA programs, it’s a shame that money should be a determining factor in what program they can attend. Thankfully, most business programs work to ensure that all students—regardless of income—are able to attend the program that fits their qualifications. At MIT Sloan, there are a variety of ways for low-income students to qualify for financial aid based entirely on their financial need.
Below are just a few of the opportunities the school provides for low-income students to pay for their MBA, ensuring that the most talented business students can attend their school regardless of finances.
Loans
Once a student is accepted to MIT Sloan, they will begin a three-tiered financial aid process to determine financial need and the best way it can be addressed. The admissions process itself is needs-blind, ensuring that financial circumstance will not be a factor in whether or not a student is admitted to the program.
After admittance, students should file a Free Application for Federal Student Aid (FAFSA) and Graduate Loan Application, which will help determine their eligibility for federal and private loans by working alongside the MIT Student Financial Services.
Assistantships
A number of MBA students each year may also have the opportunity to be a teaching or research assistant. These roles, which may include grading assignments/exams, working directly with students or assisting with research both help students pay for school as well as provide important experience and exposure to the research and education programs at Sloan.
Starting in the second semester, students will also have access to TA and RA positions as well.
Fellowships
Each year, MIT Sloan offers a number of competitive fellowships/scholarship to incoming and second-year MBA students. Although these scholarships are merit-based rather than need, they provide low-income students another excellent opportunity to subsidize their education and often include additional ways to gain experience and improve one’s career.
Aside from the Legatum Fellowship and the MIT Public Service Center Fellowships, which have their own application process, all admitted students to MIT will be considered for fellowships that they are eligible for, and do not require a separate application. The fellowships may range in support from $10,000 to full tuition coverage.
You can find more information about the variety of fellowships offered at MIT Sloan here.
Additional Scholarships
A number of other scholarships are available for students at MIT Sloan that may be given out based on a wide variety of factors such as merit, identity, or nationality. These scholarships may range from funding for tuition and coverage of school-related fees to mentorship and the chance to build relationships with industry professionals. For the most part, these scholarships must be applied to separately after admittance to MIT Sloan. More information on these scholarships can be found here.
Even after need-based loans and assistantships, these scholarships may help further bridge the gap in costs for students attending MIT Sloan. These many opportunities for funding ensure that the most talented students can attend the best-fit school for them, allowing MBAs to focus on getting their degree rather than getting their wallets out.
NYU Stern MBA Scholarship Spotlight
Finding a way to afford your MBA degree shouldn’t be as challenging as the application process, but often it can be. With acceptance to a top MBA program can often come a top cost, which can often be a deterrent for someone pursuing their graduate degree. Through funding and scholarship opportunities, however, students may have the opportunity to reduce the cost of their degree, helping more up-and-coming business professionals have a shot at the quality education they deserve.
