Curious to get others thoughts on attending a lower ranked school with scholarship over a higher ranked program (significant perceived difference in ranking). How much lower are you willing to go? What’s the right amount of money to sway your decision? Any non-monetary factors?

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No no no no no no no - always go with the higher ranked program, no matter what.

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This is not right. Depends on target industry as well. Schools have strengths to consider

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Undisputed tiers:

1 HS
2 W
3 M7, INSEAD
4 T15
5 T20

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Of course other things matter such as geographical location, specialties, placement in desired industries. But if looking at purely on rankings if it was like 15 vs 25, I’d definitely go with 15, but if you’re debating between like 4 and 8, I would highly consider taking the ranked 8 school if I got a good scholarship. In my opinion, there’s smaller differences between schools as you increase rank.

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PS wife went to Darden so I’m bias

MBA program is all about the network you get after and huge income lift 10-15 years after (and you should have a bump in between).

Higher rank schools = higher likelihood you’ll have a peer who is a business leader and can help you in a significant way in the future

I gave up a 2/3rds scholarship at a ~15th ranked school in my home town where I also could have lived at home for $0 rent to attend a top 5 school with no scholarship.

I did this based on short term and long term career options (and FOMO, honestly).

Unless your lower ranked scholarship school gets you equal opportunity in a niche or regional market (ex: Haas over Wharton for Bay Area tech or Anderson over Kellogg for LA entertainment), I'd go for the school that's a tier or two higher.

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