US B-Schools Increase Scholarships to attract Indian Students
Indians enrolling for abroad program has become a common thing now-a-days. US universities are leaving no stones unturned to attract the students from overseas. As this is the peak time for admissions, US universities are also coming up with a lot of Scholarships and fellowships schemes these days to attract Indian students.
B-Schools in the USA are trying to attract the best students and they are finding most of them in India. Candidates themselves are leveraging their networks and putting together application packages that stand out. The growing craze among Indian students is resulting in high competition.
Some India based consultant reports, almost 35-40 per cent rise in Scholarships offered as the B-Schools are keen on admitting candidates who will maintain their academic credentials.
The quality of Indian students has led to an increase in the number of Scholarships on offer, consultants said. That’s key to improving standards and maintaining academic rigour, said Narayanan Ramaswamy, partner, education and skill development sector, KPMG India.
The beneficiaries from India, Rashmita Redkar and Shreya Mathai were showered with Scholarships when they applied for MBA programmes this year. Redkar got four offers-$100,000 from Harvard, $120,000 from Kellogg, $60,000 from Tuck and $54,000 from Wharton. Mathai had offers of $100,000 from Harvard and $120,000 from Kellogg. Both choose Harvard Business School and Redkar was even amongst one of the six to get the Horace W Goldsmith Fellowship.
In the 2015–16 academic year, Yale University told it spent around $5 million (Rs 33 crore) of its own funds to support students from India, who numbered 179, third after China and Canada.
The University Of Virginia Darden School Of Business‘ Sara Neher, who is admissions dean, said it’s focused on providing Scholarships to more students and Indians in particular. Merit-based Scholarships awarded to Indians have risen across the board at the Massachusetts Institute of Technology, University of Virginia, Dartmouth and other schools
Several schools have also adopted a common-application model, which means students can use one form for seeking aid, making the process much less cumbersome. However, some B-Schools still require aspirants to apply individually for each scholarship.