MBA Scholarships – Can You Negotiate Them and, If So, How?

Originally published on March 16, 2023. Updated on December 18, 2025.

Round 1 decisions are out, and if you got that admit, congrats! It’s an incredible moment, and one that opens the door to some big decisions. For many applicants, that includes evaluating potential scholarship offers. It’s an incredible moment, and one that opens the door to some big decisions. For many applicants, that includes evaluating potential scholarship offers.

If you receive one, you might start wondering: Can you negotiate MBA scholarships? The answer is yes. And knowing how to approach that conversation can significantly impact the overall cost of your degree.

More applicants are negotiating than ever before, and schools increasingly expect it. With the right approach, many candidates successfully improve their offers.

The key is to approach the process thoughtfully. Schools expect candidates to inquire, so it is worth taking the time to understand your options and make the most of any offer you receive.

Of course, this is a good problem to have, but that does not mean it is an easy one. Scholarship offers can make your MBA decision more complicated than expected. Maybe your top choice school admits you, but a program you considered more of a safety offers a substantial scholarship. Suddenly, you are weighing prestige and long-term value against a much lower cost.

That decision can feel overwhelming, and it is also deeply personal. If the cost difference is a major factor and you feel truly torn, it is completely reasonable to ask your top choice program if they are able to offer any additional support.

Come From a Place of Authenticity

It never hurts to ask. Since you’ve already been accepted, many admitted students reach out to request additional scholarship funding. But that doesn’t mean every request lands well. To be taken seriously, your approach needs to be thoughtful and specific.

Start with this question: If School A offered you $X more, would you enroll? If the honest answer is no, consider whether it’s worth submitting a request. Admissions teams can spot insincerity, and if your request feels half-hearted, it likely won’t go far.

Adhere to Their Process

Most schools will consider scholarship reconsideration requests, especially if you have a competing offer from a peer program. But each school handles this process differently, so take time to follow their lead.

Check the school’s website or call the admissions office to confirm the preferred process. Some schools use an online form. Others ask for an email to a specific inbox. Many will request a copy of your competing offer letter — if not immediately, then later in the process. You can assume they’ll want to see it.

How You Ask Matters

Once you know the process, it’s time to frame up your request. It should be concise but also gracious and honest.

Begin by expressing your appreciation for the opportunity to attend Program X. Then, briefly restate why this particular program is the right fit for your goals. Be specific. Your explanation should reflect both your personal aspirations and what makes this program uniquely suited to support them. If your “why this school” reasoning could apply to other programs or other applicants, it likely is not specific enough to be effective.

Next, provide brief context for your request. This helps demonstrate sincerity. If you have received a competing scholarship offer, mention it. If your financial circumstances have changed since submitting your application and tuition has become more difficult to manage, be open about that. Sharing a thoughtful rationale, beyond simply wanting to reduce cost, can make a strong impression.

After laying out your reasoning, politely ask whether the school would be willing to reconsider you for additional scholarship support. Even if you have a target number in mind, it is best to keep your request open ended to avoid sounding overly transactional.

Close by thanking them again for their time and for the opportunity to join the program.

Keep in mind that additional funding may not be available. But by making a respectful and well reasoned request, you will know that you did everything you could to make the most informed decision for your future.

One Last Thing…

In this video, Melody breaks down how MBA scholarship negotiations are evolving and what to consider before making your ask.

If you’re reading this article at the beginning of your application process, you’re already at an advantage. The most successful applicants are intentional from the start. If you’re applying to the M7 MBA programs and would like expert guidance and coaching in developing your best possible applications, you can request a free consultation with our team

You may also be interested in the following:

Why MBA? Three Unexpected Benefits | Vantage Point MBA

MBA Waitlist Strategy – 10 Dos and Don’ts | Vantage Point MBA