HBS and GSB need-based aid

idragmazdaNot to knock your abilities, which are already proven in you being an MD student at those schools, but I think you need to first apply and get into the MBA programs. Both programs look for a certain level of experience from most of their students (there are exceptions), so you can't easily just "pick up the MBA program".

I think OP is probably thinking of going through joint MBA/MD programs that both these schools have. OP would still have to apply for it but its a very different process than typical MBA applications.

idragmazdaNot to knock your abilities, which are already proven in you being an MD student at those schools, but I think you need to first apply and get into the MBA programs. Both programs look for a certain level of experience from most of their students (there are exceptions), so you can't easily just "pick up the MBA program".

You don't think a guy who has the ability to get into MEDICAL SCHOOL at H/S has the capability to get into B-School.

People who work in the financial industry are delusional. There are people on other sectors who are much smarter than us.

"Don't they provide around ~50K in aid and expect you to spot the rest. Its HBS/SBS, you'll make up the money."

Is this 50k in grants/fellowships? Yearly?

cinnamontoastcrunchVid, To answer your question, around 50% of HBS students receive financial aid in the form of fellowships. The average fellowship (per year) at HBS is $30k.

The fellowships are need-based. A few things taken into account are your income (and expected savings) for each of the three years prior, your assets, and your spouse's income/assets. If you earn over $125k/year, you won't be considered for fellowships.

I know individuals who have received more/less than the average amount, so it's based on your individual circumstances.

Hope that helps.

Thank you--that certainly does help. And anyone else has any experience/know-how of what the fellowships (i.e. grant aid) max out at (someone hinted 50k?), please chime in, as that's the figure I'm essentially looking for here. Thanks in advance.

cinnamontoastcrunchTheoretically, the fellowships max out at whatever the total cost is. In practice, I've known individuals who have gotten awards from the low teens to mid forties for fellowships.

Another valuable bit of information is that you can accept up to $20k in outside scholarships before HBS reduces the amount of your fellowship.

Vid, just to clarify, (and keep me honest, CinToast). HBS does not lure you on merit scholarships. Here is how they describe it: "Your academic or professional performance/merit are not used in financial aid decisions."

Every other MBA school is different: they will say, here's your acceptance and here's what we give you to come here. I have seen everything from peanuts to a full tuition and living expenses for two years.

ALSO, many students get awards from other sources -- so the school's endowment is not the only option. For example, the Forte Foundation (if you are female) or the Toigo Foundation -- here's a link that gives some ideas: http://www.hbs.edu/mba/financial-aid/Pages/other-fellowships-at-hbs.aspx

HBS has a base loan package (~95k), so maximum fellowship would be total cost - the base loan package. Meaning the max fellowship is in the ballpark of $45-50k/year.