Business school are providing discount in academic and application fees for military personnel interested for MBA programme. World’s top’s Harvard Business School (HBS) is scrapping its MBA application fee of US$250 for all active-duty military personnel. Many other US Top B-Schools offering various programs and discounts for defense personnel.
While the discount amount is not so significant but it highlights the lengths to which US business schools will go to attract military personnel and can be seen as initiatives to target military applicants in a long line.
The application fee waiver also reflects the HBS policy to value of the significant leadership skills and experience of the Military personnel during their time in service.
Chad Losee, Managing Director of admissions and financial aid said, “Our military students bring a unique set of experiences to the class discussions at Harvard Business School. Leadership is at the core of what we teach and these students almost always have faced real-life situations where leadership and judgment have been of paramount importance. This waiver helps to ensure their presence in the classroom is stronger than ever going forward.”
In the US, since the country started its process of withdrawal from Afghanistan and also military budgets have been cut, a growing number of veterans have entered the ranks of business school. Those veterans see MBA programs as a way to transition between military and civilian life, and launch careers in a diverse range of industries.
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Rebecca Greenbaum, a graduating Harvard Business School MBA who was previously a nuclear engineer officer on the USS Carl Vinson said, “I saw an MBA as a bridge between being a leader in the military to being a leader in the business world. After coming to HBS, I now have the confidence to transfer my skills to the private sector. What’s at stake may be different, but I hope the impact will be just as great.”
Many other Business schools across North America are increasingly rolling out initiatives and plans to attract military personnel. Last Year, NYU Stern created the Fertitta Veterans summer program exclusively for US military veteran and active-duty students to get an early start on selected coursework, before being fully integrated into the MBA. Also, NYU Stern launched a scholarship fund with the power to cut the annual tuition of military MBA students from US$67,000 to US$30,000 each year.
The same month, Dartmouth Tuck designed the ‘Next Step: Transition to Business’ certificate course, launched for military veterans and elite athletes looking to make a move into the business world. The course duration is two and half weeks and costs just US$500.
The new waiver, at Harvard Business School has been made possible by a generous commitment from Michael Zak, an MBA alumnus who served on active duty in the US Marine Corps from 1975 to 1979 before enrolling at the business school. At HBS, application fees are used to help cover the administrative costs associated with processing the 9,759 MBA applications the school receives each year (as per its latest entering class).
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In India, top,B-School also offers many such attractive programs for military personnel. Sikkim Manipal University – Distance Education offering special benefit of 30% fee concession across selected programs offered to defence personnel including retiring, outgoing, in-service personnel and their family members, provided the minimum eligibility criteria is met for Under Graduate and Post Graduate Programs.
With a view to facilitate access of higher education, Lovely Professional University (LPU) provides the 20% to 50% tuition fees waivers as scholarship to encourage Defence and Central Armed Police Forces (CAPF) soldiers and their dependents.
The services that have been included are- Indian Army, Indian Navy, Indian Air Force, Coast Guard, Central Reserve Police Force (CRPF), Border Security force (BSF), Indo-Tibetan Border Police (ITBP), Sashastra Seema Bal (SSB), Central Industrial Security Force (CISF), Railway Protection Force (RPF), National Security Guards (NSG), Special Frontier Force (SFF), Assam Riffles, Border Road Organization, General Reserve Engineer Force (GREF), Defence Research and Development Organization (DRDO), Military Engineers Service (MES) and Defence Security Corps (DSC).
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