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Booth vs Haas ($$$)

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Re: Booth vs Haas ($$$) [#permalink] New post 25 Mar 2009, 08:09
cougarblue wrote:
I think it depends on what kind of firm you want to work for directly post-MBA. There is a not insignificant difference b/w these schools for top finance job recruiting. If you want to go into IB, then Haas is probably fine, though you might have an easier time at Booth. If you want IM (including Hedge Funds) Booth would be my decision. Several elite firms only come to Chicago and a few other select schools for IM recruiting (this includes firms on the West coast and in the bay area.) If you want VC then I would go to Haas. If you want PE I would probably go to Booth, but I think network is going to be more important here than which school.

Disclosure: Booth admit, pre-MBA PE, post-MBA IM/HF in CA (hopefully)


Agreed. Thank you. When you're in Finance, money should not be a deciding factor on where you go to school. I tried to look at this comparison by taking money out of the picture -- which is really how you should look at it.

Finance people are lot more brand-oriented than other fields. Taking $100k over a better brand would be a very short sighted decision if you plan to spend your whole career in Finance.
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Re: Booth vs Haas ($$$) [#permalink] New post 25 Mar 2009, 14:14
lsuguy7 wrote:
lars23 wrote:
Don't be short-sighted. Take the Booth offer. Brand name and network goes much farther in life than $100K. Besides, if you work in a decent job, you'll make it up in a few years or less. Do you really want to look back on life and say, 'maybe I should have went to Booth'?


I hope one of the admin moves this to the BW forum. I wonder if I'll be saying I should have went to Booth? I think Chicago is an amazing school but I'm not sold on a school making you a success because of brand name and network. I work for a company that hires both Chicago and Haas grads into it's rotationary programs and they make exactly the same amount of money, move through the ranks at the same speed, so at that rate you'd never make up that 100k.



I work in investment banking and we bring in more Booth students than Haas. Sure, when you get in, you will make the same as your peers. But what if we chose a Booth student over a Haas? Well, that Booth student will make up the $100K deficit in 2 years (would have been +$100K surplus in 1.5 years of work before the market crash).
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Re: Booth vs Haas ($$$) [#permalink] New post 25 Mar 2009, 14:25
Additionally, the original poster has expressed zero interest in general management positions. If he did, I would say Haas hands down, no questions asked. You can get those easily out of any school - may as well save your money.

Finance, not so easy.
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Re: Booth vs Haas ($$$) [#permalink] New post 25 Mar 2009, 17:48
river has this right - the obsessive people who apply to business school worry about the difference between school x vs school y. There is no argument that would make me take Chicago over Haas with full tuition with that profile.
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Re: Booth vs Haas ($$$) [#permalink] New post 25 Mar 2009, 18:41
I did some grad work at Haas when I was doing grad studies at Berkeley, and I'm heading to Booth in the fall with some change. That said, I'm bias towards Booth, but if I was in the poster's position, I would choose Haas. I know plenty of people that came form the program who are in very intersting finance positions. There may, however, be a regional bias, from Haas, you can nab finance positions in CA without much issue...if you want to be on the east coast, Booth will likely win hands down...additionally, the large IBs will recruit much more heavily from Booth.

That said, $100K is a ton of money and Berkeley is one of the greatest towns on the planet. I'd go to Haas without the least bit of reservation. In the end, you're the one that's getting hired, not the degree on your resume. Differentiation at Haas (in particular in finance) will be much easier than at Booth, so you would likely have an edge during on campus recruiting.

Congrats and good luck!
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Re: Booth vs Haas ($$$) [#permalink] New post 18 Mar 2011, 21:04
Craig,

what did you choose? how has it turned out? I would love an update.

I am a potential MBA starting this fall 2011. I have been accepted at Booth and I just received an interview invite to Haas. I'm really interested to hear how your story turns out.

Also, I work in a PE-related function right now for a publicly-traded software company right now. Any tips on getting that full-ride to Haas :wink: ?
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Re: Booth vs Haas ($$$) [#permalink] New post 11 Jan 2012, 19:40
lars23 wrote:
lsuguy7 wrote:
lars23 wrote:
Don't be short-sighted. Take the Booth offer. Brand name and network goes much farther in life than $100K. Besides, if you work in a decent job, you'll make it up in a few years or less. Do you really want to look back on life and say, 'maybe I should have went to Booth'?


I hope one of the admin moves this to the BW forum. I wonder if I'll be saying I should have went to Booth? I think Chicago is an amazing school but I'm not sold on a school making you a success because of brand name and network. I work for a company that hires both Chicago and Haas grads into it's rotationary programs and they make exactly the same amount of money, move through the ranks at the same speed, so at that rate you'd never make up that 100k.



I work in investment banking and we bring in more Booth students than Haas. Sure, when you get in, you will make the same as your peers. But what if we chose a Booth student over a Haas? Well, that Booth student will make up the $100K deficit in 2 years (would have been +$100K surplus in 1.5 years of work before the market crash).



LOL.... No S***...... Booth graduates a truckload more students than Haas so that fact is pretty apparent, but you are speaking in so many hypotheticals. Too many "if's", the scholarship is absolute and I know A LOT of IB's and once you get in if you are not bustin' you tail, you can get past up by a tier 2 let alone another top 10 mba co-worker. Definitely go to Haas.
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Re: Booth vs Haas ($$$) [#permalink] New post 12 Mar 2012, 18:28
First of all, congrats! This is a tough decision indeed. Besides the money factor, if the main reason you'll be going to Booth is that it is stronger in finance, remember that things also change when you get to b-school. Unless you are 100% committed to PE no matter what (and perhaps even then), you may decide that you want to do something else after your MBA. Especially at a place like Haas, with Stanford next door and the whole Silicon Valley thing, you may end up at some startup that you really like or a company you yourself start! (esp since Haas is very entrepreneurial)

Also, there are probably lots of mid-tier PE firms on the west coast that you could network with and target....for which you may even have less competition than if you were at a school like Booth or Wharton.

$100k is a LOT of money, especially when compared to nothing. In fact, one good way to help you decide is to call Booth and tell them about your full ride, if they pitch in at least $40k or so, then it may become easier for you to decide to go to Booth.

Best of luck!
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Re: Booth vs Haas ($$$) [#permalink] New post 09 Mar 2013, 10:38
Booth for me, but my financial situation may be different as I have most of my tuition already saved up.

I wouldn't go from a Globally recognized top tier to a regional (US level elite) especially if you do intend to goto another country. The ranking bias abroad is much more significant unfortunately.
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Re: Booth vs Haas ($$$) [#permalink] New post 15 Mar 2013, 08:33
lars23 wrote:
lsuguy7 wrote:
lars23 wrote:
Don't be short-sighted. Take the Booth offer. Brand name and network goes much farther in life than $100K. Besides, if you work in a decent job, you'll make it up in a few years or less. Do you really want to look back on life and say, 'maybe I should have went to Booth'?


I hope one of the admin moves this to the BW forum. I wonder if I'll be saying I should have went to Booth? I think Chicago is an amazing school but I'm not sold on a school making you a success because of brand name and network. I work for a company that hires both Chicago and Haas grads into it's rotationary programs and they make exactly the same amount of money, move through the ranks at the same speed, so at that rate you'd never make up that 100k.



I work in investment banking and we bring in more Booth students than Haas. Sure, when you get in, you will make the same as your peers. But what if we chose a Booth student over a Haas? Well, that Booth student will make up the $100K deficit in 2 years (would have been +$100K surplus in 1.5 years of work before the market crash).


First off, tell booth about the hass offer. they're a very generous school typically. update them on your progress since your application (bs if you have to) and ask them to reevaluate you for a scholarship. then come back to the forum and let us know what happened. otherwise, now i see hass as the easy conclusion. take the pretax 200k they;re giving you and make it YOUR JOB to find what you want. you'll have less people competing for finance there as well - albeit for less opportuniities perhaps
Re: Booth vs Haas ($$$)   [#permalink] 15 Mar 2013, 08:33
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