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

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.