Application Fee waiver at Business schools
This might come as a surprise to many of you, but a lot of business schools actually provide fee waivers on MBA applications, provided the candidate fulfills certain conditions. So, if you do some research on the schools you’re applying to, you can save quite a lot of money!
Business-school application fee ranges from $70 to $300, depending on the business school one is applying to. Most of the business schools charge an application fee and if one applies to even 7-8 business schools , one ends up spending over $1000- $1500 , which is about 1 lakh INR – not a small amount by any means !!
However, if you’re a little diligent then you can save quite a few dollars on the MBA application fees in the form of application fee waivers.
We have some points here to keep in mind before applying to any program.
- By attending MBA fairs such as the QS MBA fair or MBA Tour, that are organized in various cities, students can get an application fee waiver for some of the schools that participate in the fair. One just needs to attend the presentation of the school and have his/her attendance card punched and then automatically qualify for an application fee waiver. Schools such as Rice Jones, Carlson, George Washington University and many more waives your application fee waiver for attending the fair and their presentation.
- Attending an information session by a school – some schools provide fee waiver to students who attend their information session or come to school in person for a session.
- Georgetown University McDonough School of business – provides application fee reduction to students who attend the information session of the school.
- Duke Fuqua School of business provides an application fee waiver if one attends one of the qualifying events such as one mentioned on the website.
- A high GMAT score can also help one get an application fee waiver and a one should always do a simple google search on whether the school provides the waiver on the basis of a GMAT score.
Vanderbilt, Owen provides an application fee waiver for candidates with a GMAT score of 720 or higher. Whereas, UNC – Kenan Flagler does so on a GMAT score of 730 and above. Similarly, University of Notre Dame and other schools also provide an application fee waiver. So, it never hurts to write an email to the adcom office with your GMAT score and ask for an application fee waiver.
- Vanderbilt Oven – Application fee waiver for students with GMAT score over 720.
- UNC Kenan Flagler – Application fee waiver for students with GMAT score over 730.
- Tippie School of Management, IOWA – Application fee waiver for students whose career goals are in line with the MBA program and those who have a competitive GMAT score. Send your resume and GMAT score to the Adcom to be considered for a fee waiver.
- Mendoza school of Business, Notre Dame – Application fee waiver for students with a good profile and good GMAT score. Send the GMAT scorecard and Resume to the Adcom for review.
- There are some business schools that do not charge any application fee for applying to the MBA program.
- Olin Business School , Washington University
- National university of Singapore (NUS)
- University of St. Gallen MBA
- University of Manchester, Manchester Business School
- Cranfield University School of Management
- Reasonable application fees – there are some very good B-schools that charge a relatively low application fees compared to the fees that other top ranked B-schools charge.
- Kelley school of Business – $70 Application fees
- University of Washington, Foster School of Business – $85
- Michigan State University, Eli Broad College of Business – $85
- Arizona state university, WP Carey school of business – $85
- Penn State, Smeal College of Business – $85
- Some top schools such as Wharton provides an application fee waiver if one sends reason along with valid documentation on why one needs it.
MIT provides an application fee waiver to students who have been part of Teach for America or Teach for India. Columbia Business School provides a waiver too if you are an active part of Teach for India.
So go ahead and search for application fee waiver section on the B-school website before punching in your credit card details. You might as well save a few dollars and buy yourself a latest gadget from that saved money !!!