Should You Try to Negotiate a Merit Scholarship?

merit scholarshipLanding a seat at the MBA program of your dreams is a major accomplishment. It makes all of those months of application preparation (and worrying) all worth it. If you’ve also received a merit scholarship, good on you!

When you suddenly find yourself with a financial incentive to attend a certain school, you’ll understandably feel honored and overjoyed at your good fortune. However, if you’ve received more than one offer of admission, this unexpected twist can often make your ultimate decision that much harder.

Here’s something such lucky future students often forget: you can try to negotiate merit scholarships.

Maybe you received drastically different scholarship amounts for two or more programs. Or, perhaps you received a financial award for one school but nothing for another. No matter the case, why not contact the AdCom and explain your situation?

This should go without saying, but we wouldn’t recommend naming the competing institution, sharing your offer letter or making demands. Rather, simply reach out to the admissions office.  Reiterate your deep interest in attending their program, and then ask if they would consider increasing their merit scholarship offer (or any scholarship amount) because you now have another offer of acceptance and financial incentive on the table.

This is one of those rare situations in life where—if handled professionally, of course—you really have nothing to lose.

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