merper wrote:
I'd like to go back into tech or cleantech and work a strategy/bizdev/corpdev role if possible. I'm not sure if Haas's proximity to silicon valley would be preferable in that it would give me access to these companies during the school year for projects or if Booth's slightly higher prestige would be preferable. Certainly booth would make it easier to get into MBB, but I'd rather go straight into corpdev if possible rather than spend 2-3 years traveling for 60-70 hrs a week.
First and foremost, congratulations on the accomplishments of the Chicago scholarship and being accepted to Berkeley. In my opinion, you should choose the school based upon where you want to work afterwards and the school culture. However, if I was in your shoes, the scholarship would definitely tilt things towards Booth.
To me, both career opportunities and prestige are generally a function of region. IMHO, Haas is better for nearly all west coast job opportunities vis-à-vis Booth in the midwest and northeast, primarily because both large and small firms tend to recruit locally -- with the exception of IB/consulting.
I disagree that entering MBB will be easier if you attend Booth. If you look at the number of Booth and Haas
alumni in MBB as a proportion of the entering
class size, the figures are comparable (see attached table, data from LinkedIn and aggregated by P&Q). I think this is a better way of interpreting the numbers than looking at % of class entering "consulting" or the total number of alumni in MBB. The trouble is that these data include people with prior MBB work experience that returned to consulting, people previously sponsored by MBB, and it may count undergrad alumni as well. Also, it does not include people who declined MBB offers and those that left MBB. It is not a measure of people who were able to change careers into MBB with a different background (like engineering in your case), which would be an ideal dataset but not available. The case interview prep work will be the same. Given that Booth is ~2.4x the size of Haas, the consulting club will be larger and may have more cases to practice with.
From my first-hand experience and in talking with others, if the firm you want a job/internship at recruits on-campus, the difference between these schools won't matter much.
Role wise, if you want strategy/bizdev/corpdev, I can share some first-hand experience. Here in NYC, I work in industry and interview MBA candidates each year applying for an internship in our strategy & corporate development group (works is usually either "strategy" PPT decks or DCF modeling of JV/M&A opportunities). Over the past few years we've had people from Stanford, Kellogg, and Harvard but the schools only mattered insofar as which programs we selected to set-up resume drops (we pull from most top 10 schools including Booth, but not Haas because of its location). Our preferred criteria for interviews was IB or MBB pre-MBA experience or industry experience (our industry or an adjacent one). In general, the schools and GMAT scores didn't matter (a super high score + quant work experience could actually hurt you). Bias within networks is also very present. For example, we've had a Harvard alumnus who preferred HBS, an ex-McKinsey guy preferred M over BCG/Bain/bankers.
Because Booth is larger, I assume more traditional companies will do resume drops at Booth than at Haas. However, I'm sure that some California-based companies may not bother looking at Booth whatsoever and will end up with hires from Stanford, Haas, UCLA, and other regional California-based schools. In a similar fashion, I'm sure plenty of NYC/Boston firms won't look at schools west of Chicago.
Given this, I would suggest going to LinkedIn and looking at companies you would like to work at. See what the alumni at Chicago versus Berkeley look like. Look for people in senior roles that might be able to be a sponsor for you if you get in.
I agree with everyone's favorite meth addict that big tech (Amazon, Google, etc.) will recruit at both schools. There will be more Haas alumni at nearly all bay area tech firms. However, there are notable Boothies that probably help steer a network bias towards Chicago in the recruiting process at some large tech firms that like to hire MBAs -- the CEO of Microsoft, CFO of IBM, and head of corp. dev. at Google to name a few. Recruiting at other tech firms happens late and requires a lot of student initiative. Generally smaller firms are looking for immediate hires and won't be interested in interviewing you for a position in the fall that you can't start until the summer. Again, the location of where you want to work (SF vs NYC, etc.) makes all the difference here. The SF Bay Area reigns in all things tech (except maybe fashion?), but the NYC tech ecosystem is growing fast.
For cleantech, the on-campus
network at Berkeley is amazing but the job prospects (for the space in general) are dismal -- especially with cheap oil and limited climate change regulation with any teeth. I don't have any data to back it up but from my understanding the west coast is better for cleantech than the mid-west or east coast. I think part of this has to do with California's push of more strict environmental regulation (
AB32,
LCFS,
RPS). Also, a lot of cleantech firms are based there: eSolar, MiaSole, SeaMicro, Luxim, Sapphire, Solazyme, Amyris, Tesla. Academically, Berkeley, Chicago, and MIT have a
joint-initiative on energy efficiency. Both
Berkeley and
Chicago manage Dept of Energy labs that include cleantech research.
merper wrote:
Despite the lack of scholarship there is only a $23k difference between the schools.
I'm not sure how you did your math but roughly 15-19k higher tuition and fees at Booth does mitigate the value of your the Booth scholarship. While living expenses are MUCH higher in the bay than Chicago, Boothies tend to rent newer apartments with fancy amenities (Millennium Park Plaza, MDA City Apartments, and Columbus Circle) and similar rent prices compared to what current Haas student report in the student housing survey on the admitted students
website. Most Haas students generally share older houses or apartment buildings in North Berkeley or Elmwood/Rockridge that are much more basic than what you get in Chicago for about the same price if you share. One bedrooms will be more expensive in Berkeley/SF. Given all of that, Chicago is basically giving you what is financially equivalent to a nice used or modest new car. Would you give up a car to go to Berkeley over Chicago? That is, on top of all the other student loans you will take on. If you really want to live in the Bay Area, I think it makes sense to pay the premium of Berkeley over your Booth option. However, it is still very possible for you to find a job in the Bay Area even if you go to Chicago -- just somewhat more difficult than attending Haas. Is that additional effort worth 20-30k in post-tax dollars? That pays for plenty of career search and interview trips to SFO/OAK! To me it might be. Tough decision!!!
merper wrote:
The Booth culture didn't turn me off - and I could see myself finding my people there, but it's a little bit alien coming as an engineer. Berkeley's strong engineering department might make it a better fit culturally. I just really can't tell.
I would be astonished if you are classified as an outsider by "coming in as an engineer" at either Booth or Berkeley. While Chicago is known as a economics powerhouse, there are more engineers in the current Booth class (17% of a much larger class) than Berkeley (~20% of a much smaller class). Regarding your other comment, the academic departments at Berkeley are very separate so I don't see the strength of Berkeley's engineering department influencing the culture at Haas in any meaningful way. Like MBA programs at many schools, Haas is in a bubble and it's up to you to reach out to other groups via campus clubs and classes (taking a graduate engineering class once you can take electives might be a good option). You might find a few graduate students taking Haas classes, but not many.
The weather, academic structure, and culture of Haas and Chicago are VERY different. Did you attend First Day? I would suggest visiting Berkeley if it wasn't so late (graduation was last weekend). I recommend talking to alumni or current students to get a sense of their experienced and what they like best/least about both schools.
Either way, both schools are amazing. Congrats and try to have fun with the decision-making process!
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