Posted by: Louis Lavelle on August 12, 2011
With all the turmoil in the economy lately, prospective MBA students and those already enrolled in business school have more questions than ever about financial aid. Recently, anonyad asked participants in the Bloomberg Businessweek Business School Forum whether having multiple offers of admission made an applicant more likely to receive financial aid. Specifically, anonyad wondered if applicants could negotiate with schools by telling them the other institutions that have offered them admissions as a means of asking for more money.
Negotiation is a skill that many business students already possess from haggling over salaries with previous employers, and one many will continue to fine-tune while earning their MBAs. Still, so far, no one has answered, which suggests that few probably know whether negotiating financial aid is possible.
Anyone who has an answer for anonyad should visit the “Multiple Acceptances Help Financial Aid?” discussion thread.
—Francesca Di Meglio
Editor’s Note: This blog post is part of a series about discussions taking place on the Bloomberg Businessweek Business School Forum where prospective MBA program applicants, current students, and recent alumni trade admissions tips, job-hunting advice, and the occasional barbed comment. We invite you to join these discussions or start one of your own.