MSF Deposit Question

I was recently accepted into a MSF program which offered me a small scholarship and requested my deposit within two weeks. I am very interested in this particular program, but I still want to wait to hear back from some of my other choices. Would it be okay if I asked for an extension on the deposit or would that be considered rude? Thank you!

8 Comments
 

You can ask and might get it, but the whole purpose of the deposit is to minimize what you want to do. I'd put the deposit down and if you go elsewhere chalk it up as cost of doing business.

 
TNA

You can ask and might get it, but the whole purpose of the deposit is to minimize what you want to do. I'd put the deposit down and if you go elsewhere chalk it up as cost of doing business.

If the deposit amount is large then you should do that. Otherwise ask for an extension and see if you get a couple of weeks. If not then you may have to cough it up to have the safety.

 

This is what happened to me. I put down $500 to lock in my spot then had to eat the cost when I got into my first choice. It sucks, but when your looking at $30,000+ in tuition alone its something you just have to deal with.

My advice for the MSF recruiting process is to try to negotiate as much scholarship money as possible by getting into multiple schools and shopping around the scholarship offers - so the $500 you lose with your deposit can pay off if you leverage that admission/scholarship offer into more $$ at your top choice school.

 

If you pay the deposit and then decide not to participate in the program, how do you go about declining? I'm having a similar issue with regards to a 2-week deadline.

 

just give up the cash and you'll be freed. The point of deposit is to make you pay for forgoing your spot. there may be matriculation deadlines that you cannot back out of, though.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”