Hey there—UCLA with a fellowship of $30K? Take the money and go to UCLA! J It is a great program, and I would go for it. Yes, of course there is a chance that you can do better. But provided that you are looking in areas where UCLA is strong especially (and they are strong in entrepreneurship, finance, and marketing, and even operations) you should take it. UCLA is in the top 10-15 in almost ALL the programs—we like it very much. That would be our recommendation—who knows what will happen next year?