Show Me the Money: Top Schools for Scholarships

Ever wonder which elite MBA programs offer the most free money to students? Bloomberg Businessweek revealed the results last week of its recent ranking of the top B-schools for scholarships.

Based on the percentage of 2011-12 tuition and fees covered by the average scholarship award, multiplied by the percentage of students receiving scholarships, here are Bloomberg Businessweek’s top ten most scholarship-friendly business schools:

1. Notre Dame’s Mendoza College of Business, where 65 percent of students received scholarships. The average award at Mendoza was $25,153, which would have covered 59 percent of the $42,870 in tuition and fees charged that year.

2. Indiana University’s Kelley School of Business, where 49 percent of students received scholarships. The average award at IU Kelley was $24,294, which would have covered 54 percent of the $45,350 in tuition and fees.

3. Stanford Graduate School of Business, where 56 percent of students received scholarships. The average award at the Stanford GSB was $23,683, which would have covered 43 percent of the $55,200 in tuition and fees.

4. Harvard Business School, where 47 percent of students received scholarships. The average award at HBS was $29,843, which would have covered 49 percent of the $60,610 in tuition and fees.

5. Cornell University’s Johnson School of Management, where 42 percent of students received scholarships. The average award at Johnson School was $24,204, which would have covered 47 percent of the $51,480 in tuition and fees.

6. UNC Kenan-Flagler Business School, where 26 percent of students received scholarships. The average award at UNC Kenan-Flagler was $32,384, which would have covered 64 percent of the $50,613 in tuition and fees.

7. UV Darden School of Business, where 29 percent of students received scholarships. The average award at UV Darden was $26,677, which would have covered 57 percent of the $47,000 in tuition and fees.

8. UCLA Anderson School of Management, where 34 percent of students received scholarships. The average award at UCLA Anderson was $19,737, which would have covered 43 percent of the $45,385 in tuition and fees.

9. University of Michigan’s Ross School of Business, where 24 percent of students received scholarships. The average award at UM Ross was $24,175, which would have covered 48 percent of the $50,189 in tuition and fees.

10. MIT’s Sloan School of Management, where 19 percent of students received money. The average award at MIT Sloan was $22,819, which covered 45 percent of the $50,353 in tuition and fees.

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Interested in reading more posts related to this topic? Learn how to lighten your MBA debt load,  how to pay for your MBA, and about interesting programs such as NYU Stern School of Business‘s loan assistance for socially minded MBAs.