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Tough Decisions: Choosing Among MBA Programs

Tough Decisions: Choosing Among MBA Programs
Photograph by Izabela Habur/Getty Images

It’s that time of the year again as MBA admissions decisions begin to be released. Applicants in the first round have either been admitted, denied, or been put on the waiting list. (I’ll cover the waiting list in a future post.) This often is a nerve-wracking time for MBA applicants; for some of you, this might be the first rejection you’ve ever received. Many people rationalize rejection, arguing that it merely affirms that a particular school was indeed not the right fit. Rationalization or not, rejection stings. There will be further decisions released in the coming weeks and months if you applied to multiple schools. Are you ready?

I recently chatted with a colleague who was counseling a newly admitted student who had been admitted to a number of very good MBA programs—and who was also fortunate enough to have received a sizeable merit scholarship from one of the lesser-known schools to which he was admitted. What should he do?