US B-schools open up wallets to lure Indian students

us-b-schoolsEager to attract the best candidates US B-Schools are finding many of them in India. The candidates are leveraging their networks and create application packages that stand out.

Admissions Gateway, Reachivy, White Glow, and other consultants report an almost 40% rise in scholarships offered as the colleges are keen on admitting candidates who will maintain their academic credentials.

As in the case of Rashmita Redkar and Shreya Mathai who were showered with scholarships when they applied for MBA programmes. This year Redkar got four offers from Harvard, Kellogg, Tuck and Wharton. Mathai had offers from Harvard and Kellogg. Both chose Harvard Business School, and Redkar became one of six to get the Horace W Goldsmith Business School and Fellowship.

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.

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.

Delhi-based consultant Mansie Dewan said nearly 95 percent of her clients have gotten some form of aid from the top US B-Schools. The quality of Indian students has led to an increase in the number of scholarships on offer. Some schools have also adopted a common-application model, which means students can use one form to seek aid, making the process less cumbersome.