Sometimes there is a special major such as Wharton’s healthcare concentration or special program like Chicago Booth’s Clean Tech Lab. Other school factors: Sometimes a given school’s alumni network will have special relevance, e.g., Stanford’s tech entrepreneur network.But how important is it in practical terms to your post-MBA plans? Clarify whether it’s nice-to-have, make-or-break, or something-in-between. Brand: everyone loves the glitter of a global brand.In that case, the recruiting weighs less and the scholarship school grows relatively more attractive. In another scenario, the top-ranked program offers superior recruiting – but you have a robust industry network and can likely find yourself a desirable internship or post-MBA offer. Recruiting: how important is recruiting for your MBA plans? If it’s critically important and the non-scholarship school is far superior in this regard, then that point may strongly favor that program regardless of the other’s short-term financial advantage.In a nutshell, the key is to understand and weigh the practical advantages of the non-scholarship program to determine whether they make it worth renouncing the scholarship. That leaves other factors, mainly brand and recruiting, that will be important to you in varying degrees. Let’s assume that the curricula at the two programs both will meet your educational needs well – otherwise you wouldn’t have applied to them. And these factors are exactly what should drive your decision. Of course there’s no one right answer, because each person’s MBA priorities and life situation are unique. You have been accepted to both your cherished top-5 reach MBA programs and a strong but less competitive school that has offered you a great scholarship.
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