Darden | Mr. Stock Up
GMAT 700, GPA 3.3
Harvard | Ms. Athlete Entrepreneur
GMAT 750, GPA 3.3
Darden | Mr. Education Consulting
GRE 326, GPA 3.58
Tepper | Mr. Leadership Developement
GMAT 740, GPA 3.77
Columbia | Mr. NYC Native
GMAT 710, GPA 3.8
Chicago Booth | Mr. Guy From Taiwan
GRE 326, GPA 3.3
Duke Fuqua | Mr. Enlisted Undergrad
GRE 315, GPA 3.75
Harvard | Ms. Ambitious Hippie
GRE 329, GPA 3.9
Stanford GSB | Mr. Classic Candidate
GMAT 760, GPA 3.9
Stanford GSB | Mr. Unrealistic Ambitions
GMAT 710, GPA 2.0
Stanford GSB | Mr. Equal Opportunity
GMAT 760, GPA 4.0
Tuck | Mr. Over-Experienced
GRE 330, GPA 3.0
HEC Paris | Mr. Indian Entrepreneur
GMAT 690, GPA 2.1
Chicago Booth | Mr. Community Uplift
GMAT 780, GPA 2.6
UCLA Anderson | Mr. Worldwide
GMAT 730, GPA 3.1
Wharton | Mr. LatAm Indian Trader
GMAT 720, GPA 3.5
Wharton | Mr. MBB to PE
GMAT 740, GPA 3.98
Harvard | Mr. Soldier Boy
GMAT 720, GPA 3.72
Harvard | Mr. MBB Aspirant
GMAT 780, GPA 3.7
Harvard | Ms. Finance
GMAT 760, GPA 3.48
Cornell Johnson | Mr. Angel Investor
GMAT 700, GPA 3.20
Rice Jones | Mr. ToastMasters Treasurer
GMAT 730, GPA 3.7
Kellogg | Mr. MBB Private Equity
GMAT TBD (target 720+), GPA 4.0
Said Business School | Ms. Creative Planner
GMAT 690, GPA 3.81 / 5.0
Stanford GSB | Mr. Wedding Music Business
GMAT 710, GPA 3.7
Harvard | Mr. Big 4 Auditor
GMAT 740, GPA 3.55
Harvard | Mr. Software PE
GMAT 760, GPA 3.45

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

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


Average Scholarship


Average Scholarship

% Change
USC (Marshall)$35,490$23,00054.3%
UNC (Chapel Hill)$31,565$17,27482.7%
Harvard Business School$28,410$11,543146.1%
Virginia (Darden)$28,343$14,44096.3%
Vanderbilt (Owen)$25,402$13,59986.8%
MIT (Sloan)$25,230NA
Cornell (Johnson)$24,330$24,0001.3%
Indiana (Kelley)$24,241$13,80075.7%
Michigan (Ross)$23,422$15,83047.9%
Dartmouth (Tuck)$23,226$14,81856.7%
Emory (Goizueta)$22,514$20,7148.7%
Berkeley (Haas)$21,900$29,499-27.0%
Stanford GSB$20,892$12,12272.3%
Georgetown (McDonough)$19,474$9,75099.7%
Texas-Austin (McCombs)$15,325$9,25865.5%
Northwestern (Kellogg)$15,325$7,000118.9%
UCLA (Anderson)$15,082$7,180110.0%
Chicago (Booth)NA$15,000NA
UPenn (Wharton)NA$12,332NA
Duke (Fuqua)NA$13,195NA
Carnegie Mellon (Tepper)NA$9,249NA

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)

About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.