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I would really appreciate some advice/thoughts from you. I have been fortunate enough to have an offer from Sloan and Booth and do not know which one to go with. I am from a country in Europe where MBA’s are not commonplace and therefore not many people have a major insight into the programs.
My long-term goal is to get into VC via management consulting. Reason I want to go the consulting route as opposed to going straight for VC is that I know it is a very difficult industry to get into and at least I will always have some consulting experience to fall back on if it doesn’t work out.
I do intend on returning to my home country in approx. 10 years or so and acknowledge that MIT is probably a bigger brand outside the US but I think it will be what I did post MBA that will be of most value to me on returning home as opposed to which B-school I went to.
I think I would prefer Chicago as a B-School, both in terms of the city and my experience between the two schools whilst attending my interview but on the other hand I appreciate that VC is much bigger in Boston that Chicago and as MIT is very start-up/tech orientated, perhaps I would be better-off going there. I also think I prefer the curriculum at MIT.
My heart says Booth but my head says MIT but then when I go to decide on MIT I think back to Booth’s reputation of probably being a better as a B-school in the US which again causes me to question my decision.
I know how lucky I am to have two offers and that there probably is no wrong decision but given that I have very little in terms of a resource bank in my country to question any of the above matters I am really stuck for help.
Given a possible 3 year career in consulting will dilute any VC connections I could potentially build in Boston I am wondering am I just better off to try and place myself on the West Coast post MBA for consulting and build me network from that.
Also is Booth really more highly regarded in the US than Sloan, many independent people I have had brief conversations with seemed to think so.
Hey I moved this to the correct forum where you are more likely to get responses!
First question, did you receive any form of scholarship that would sway the decision one way or another? From reading your post it sounds like you love Booth. I think with VC being a long term goal it doesn't really matter whether you go to Booth or Sloan. Either way your first priority is to get into MC and then work out later on whether you can make the switch or not. Both are great schools and in the absence of life changing (ie full ride w/ no debt) amounts of scholarship, go with your heart which in this case is Booth.
PS if you are looking to go back to your home country in 10 years, your career to date will be the difference maker rather than the brand name of the school.
When you have two schools that are roughly equal as far as prestige and where they can take you, you should go with your heart, as Dom said.
Also, I was curious, so I looked up the employment reports for Booth and Sloan to see how many people they send to VC. Booth - 2.3%, Sloan - 1.7%. The number for Sloan was for VC/Hedge Fund/Private Equity, so you don't really know how much of that was for VC. If you want to get into VC eventually, I think it can only help to have some classmates who are already in the field and may be able to help you out. I vote Booth. Good luck!