LizzieT

At my university, fellowship recipients (I am one) get more money and have less teaching and GRA requirements. For instance, I have to only teach two courses over my entire 4 year period. They are competitive--mostly based on prior research, GMAT score, and GPA as well as faculty recommendations. They also look good on your CV.They allow you the flexibility to do more research and to do it with professors of your choice.

I am 51 and applied to 11 programs. I got funded offers from 2 and an unfunded offer from 1. I accepted a research fellowship of $25000 for 4 years and complete tuition forgiveness. I only have to teach twice over the four years. I feel very blessed to be where I am. I am in my second semester. I think the age thing is a problem at some schools in some programs. However, some of the business programs require experience in the field so age is not such a problem. I think your GMAT score and research experience can get you past most problems with age. I had presented at three conferences and had two research articles under review in journals. I was told that the reason I was accepted and given the generous funding offer was because of my research background and GMAT score (730). Having a degree in mathematics helped and working as a GRA for the economics department when I was getting my Master's helped, too. I was told several times along the way that I was too old for this, that I would never get my money out of this degree, never be accepted, etc. None of that matters now. I could not be happier where I am and doing what I am doing. I plan on working until I am at least 70 if not longer. The life of a doctoral student/professor is challenging but rewarding. Traveling is great. I have been to London, Edinburgh, Chicago, and Phoenix and will be going to Tahoe this summer, with most of my travel paid for with scholarships and grants. I find presenting papers is the best. I am glad I never gave in and quit because someone else thought I was too old.

I could not be happier with my program. Miami is great and the fellowship I received makes it possible for me to teach only two semesters (one class each) which means I have lots of time for research. My cohort is great and very supportive of each other. My adviser is challenging. I know I am in the right place--I had other offers but this was the best one and I am glad I took it. I ha e never felt so appreciated for what I do in my life.