To lure Indian students, US B-schools open up wallets

To lure Indian students US B schools open up wallets pardesi news 1474609212

US B-schools, eager to attract the best candidates, are finding many of them in India. Candidates are also leveraging their networks and putting together application packages that stand out.

In recent times, the merit-based scholarships awarded to Indians have risen across the board at MIT, University of Virginia, Dartmouth, and other schools. In the 2015-16 academic year Yale University said it spent some $5 million of its own funds to support students from India, who numbered 179, third after China and Canada.

The Admissions Gateway, ReachIvy, WhiteGlow and other consultants has also reported around 40% rise in scholarships offered with the colleges keen on admitting candidates who they judge will maintain their academic credentials.  

Some of the noticeable candidates include:

Rashmita Redkar and Shreya Mathai, who were showered with scholarships when they applied for MBA programmes this year. Redkar had offers of $100,000 from Harvard, $120,000 from Kellogg, $60,000 from Tuck and $54,000 from Wharton. Mathai recieved offers of $100,000 from Harvard and $120,000 from Kellogg. Both picked Harvard Business School and Redkar had also become one of six to get the Horace W Goldsmith Fellowship.  

Other beneficiaries include Rohit Sudheendranath, who was offered $100,000 by Harvard and $120,000 by Kellogg; he picked the first. Swagnik Bhattacharya was offered $100,000 by Kellogg.

"The average Yale scholarship grant was $43,989 for the 2015-2016 school year," said George Joseph of The Whitney and Betty MacMillan Center for International and Area Studies at Yale University. The University of Virginia Darden School of Business admissions dean said it is focused on providing scholarships to more students and Indians in particular. They consider themselves lucky to have very high-quality applicants from India. They would also love to see more diversity in terms of gender, work industry, undergraduate majors.

According to a Delhi-based consultant approximately over 90% of its clients, have received some kind of aid from the top US B-Schools. In recent times, the quality of Indian students has also led to an increase in the number of scholarships on offer. Several US B-Schools have also adopted a common-application model, which means the Indian students can utilize a single form for seeking aid, making the process less cumbersome. 

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Patrick Callahan

Pardesi News Reporter

Pardesi News Reporter

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