The New B-School Arms Race for the Best & Brightest

The MBA Scholarship Game: What Leading Schools Give To Students in Fellowships

School	2011 Average Scholarship	2005 Average Scholarship	% Change
USC (Marshall)	$35,490	$23,000	54.3%
UNC (Chapel Hill)	$31,565	$17,274	82.7%
Harvard Business School	$28,410	$11,543	146.1%
Virginia (Darden)	$28,343	$14,440	96.3%
Vanderbilt (Owen)	$25,402	$13,599	86.8%
MIT (Sloan)	$25,230	NA	—
Yale	$25,000	$10,000	150.0%
Cornell (Johnson)	$24,330	$24,000	1.3%
Indiana (Kelley)	$24,241	$13,800	75.7%
Michigan (Ross)	$23,422	$15,830	47.9%
Dartmouth (Tuck)	$23,226	$14,818	56.7%
Emory (Goizueta)	$22,514	$20,714	8.7%
Berkeley (Haas)	$21,900	$29,499	-27.0%
Stanford GSB	$20,892	$12,122	72.3%
Georgetown (McDonough)	$19,474	$9,750	99.7%
Texas-Austin (McCombs)	$15,325	$9,258	65.5%
Northwestern (Kellogg)	$15,325	$7,000	118.9%
UCLA (Anderson)	$15,082	$7,180	110.0%
Columbia	$10,192	$7,357	38.5%
Chicago (Booth)	NA	$15,000	NA
UPenn (Wharton)	NA	$12,332	NA
Duke (Fuqua)	NA	$13,195	NA
NYU (Stern)	NA	NA	NA
Carnegie Mellon (Tepper)	NA	$9,249	NA

Source: Business schools reporting to Bloomberg BusinessWeek. Average scholarship numbers are for one year.

(See next page for the schools that provide the most financial aid support)

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