subject: Deprived Mba Applicants Will Now Benefit From A Charge Waiver Course [print this page] Every year, the doors of many vocation paths are opened by MBA, for thousands of students. Yet , due to economic reasons, many enthusiasts and probable brilliant prospective professionals with lot of potential can be denied or curbed access through this door. An exam fee of $250 straight can be very heavy for few with fiscal constraints. Being the owner of GMAT and a true moralistic conglomerate, GMAC realized this issue and thought of working towards the gain of those unfortunate students. Moreover, it will be an effective step in creating a larger and large-scale access base to graduate management education.
The measure that has been taken by GMAC to reach this goal is the preparation of a program that offers assorted business schools an opportunity to apply for up to 10 fee waivers every educational year. This offer is then moved to the MBA applicants, who cannot afford the exam fee.
As a matter of fact, GMAC is putting an extra effort in influencing business schools to offer fee waivers to needy students. This program is supposed as a need-based scholarship and financial aid program. This core curriculum can be handy in recruiting students from economically destitute conditions and also students from other countries that have poor financial conditions.
For case in point , we can mention Chine Europe International Business School. CEIBS has been seen using this fee waiver program to enroll MBA aspirants of the less developed regions of China. For further correspondence, GMAC will consider this recruitment project only if, a particular business school applies for more than 10 such fee waivers every year.
On the other hand, the process to grant this need-based scholarship is not a direct course of action between GMAC and the MBA applicants, who require economic support. The business school, where MBA claimants have applied for their MBA program, are the only ones through which this transaction is designed to work. In reply , to monitor the outreach efforts, GMAC requires B-Schools to send monthly updates of accounting information.
