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17 Mar 2012, 08:10
Mr510 wrote:
Hey guys!

I have 2yrs of BB banking experience and 2yrs at a middle market PE shop in NY. I want to stay in PE on either east coast or west coast. I am waitlisted at HBS and still waiting for Wharton and Kellogg.

So as I sit here today, I have two offers (1) Haas (no $$) and (2) Ross with$$. The problem is I am beginning to think that I should wait a year and then re-apply to HBS. I have a pretty good story and feel I can break into top 3 with higher GMAT.

What do you guys think? Would you take the Ross $$and run? Or forfeit the$$ and head to Haas? Lastly, should I put my head down and grind out another year then re-apply to HBS?

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17 Mar 2012, 10:08
Your goal is to stay in PE. I think what you need to figure out between Ross and Haas is which school puts you in the best position to meet that goal. Forget the money for now. Figure out which school puts you in the best position.

If the school is Ross then perfect, you are in with money. If it is Haas then you have a second level of understanding. How much better is Haas for this. Is it enough to justify the extra 100K it will cost or is not that realistic.

One thing to remember, Haas is going to make it easier to get into anything in the SF area which is in alignment with your goals.

If you want to wait and work for another year that is a different personal decision. One thing I would caution is what if you apply again next year and do not get into a top 3. What if your only options next year are Haas and Ross or what if they say no next year after you getting in and deciding not to go. There are a lot more risks to waiting a year then going this year. You just need to make sure you are ok with all those risks in an effort to get to H/S/W.

Good luck with your decision, hope this helps you try to figure it out
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Re: Haas vs Ross w/$$vs. reapply HBS next year [#permalink] ### Show Tags 17 Mar 2012, 14:01 ls413 wrote: Mr510 wrote: All tuition covered at Ross. Not room and board. And I am 25yrs old.... Posted from my mobile device Personally, I would not reapply to HBS next year. I know you're on the waiting list and right now it probably feels like you are *so close* to being admitted, but there's no guarantee that you will be admitted if you reapply, and you would be giving up two great offers. I disagree with mustin - Haas has a better reputation than Ross. But, a full scholarship might be a huge weight lifted off your shoulders. If you gave up Ross for Haas, would you be in financial hardship? The other issue at play here is fit. If you haven't already, I would suggest visiting both schools to determine where you see yourself. Look into the alumni network and check out the employment reports at both schools to see if the employers you plan to target have connections or recruit at both schools. I don't think you can make a wrong decision here. You will get a great education at either one. Yes, both Haas and Ross are good programs and I seriously don't think Haas has a better reputation than Ross. They are in many ways the same tier school. One advantage of Haas is the location, where there are many opportunities of all kinds. That being said, the full scholarship of Ross can definitely make up for that. Good luck! Intern Joined: 12 Oct 2011 Posts: 36 Schools: HBS '15 (M) GMAT 1: 760 Q49 V45 GPA: 3.94 Followers: 6 Kudos [?]: 50 [1] , given: 0 Re: Haas vs Ross w/$$$vs. reapply HBS next year [#permalink] ### Show Tags 17 Mar 2012, 17:53 1 This post received KUDOS If you want to stay in PE, you probably need to wait a year and get into a top 3 program. I know that seems ridiculous, but if you're already in PE, you'll know what I'm talking about. All the major PE firms (let's call it$1 billion fund size and up) recruit almost exclusively from HSW. The funds hire so few people, and there are so many ex-PE guys at HSW, that there is sufficient supply just at those three schools to fill post-MBA needs at nearly all major firms.

Some of the NYC firms may take a few from Columbia and Tuck, some of the Chicago firms may take a few from Booth and Kellogg, and some of the SF firms may take a few from Haas and Anderson, but that's about it in terms of recruiting from other schools.

Think about it, most funds hire 0-2 post-MBA people per year. Let's say there are 200 US-based funds with >$1 billion fund size (source: PEI 300 shows 277 firms with >$1B fund size, of which many are in Europe and Asia. So I'm estimating 200). Let's say they each hire 1 person per year, on average. So there are 200 spots per year. If only 10% of H, S, and W recruit into PE (90 + 40 + 80 people = 210 total), that is already greater than the total market size of available positions. And greater than 10% of HSW's classes try to recruit into PE each year.

Another way to look at this is to check out the websites of all the top PE firms. I would estimate that >80% of VPs and above got their MBA from HSW. Maybe even >90%.

Anyway, my point is, if you are dead-set on getting back into PE post-MBA, I strongly recommend improving your GMAT and re-applying to HSW next year. It will be MUCH easier to recruit into PE if you do so.

Now, if you're interested in lower-middle-market, or interested in a fund in a regional city (Dallas, Houston, Nashville, Miami, etc.), other options could also work. But if you're interested in a larger fund in a major city, you need a top 3 MBA. Just my opinion.
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19 Mar 2012, 16:06
Mr510, you're still waiting on Wharton and Kellogg, correct? I assume you got interviewed at both? Your entire b-school landscape could change in the next two weeks... Is there a reason you're trying to make the decision to reapply to HBS right now? Wharton is an excellent feeder program into PE.
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30 Mar 2012, 09:57
just to throw everyone out for a loop I did get into PE (TOP NYC shop) and I do not have an MBA nor did I get my undergraduate/masters degree from a prestigious program. Key is to know someone in the industry... you can get those contacts at any top 10 school. Its a matter of luck.

Congrats on Wharton! My dream school... Paint me jealous
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Re: Haas vs Ross w/$$vs. reapply HBS next year [#permalink] ### Show Tags 30 Mar 2012, 10:39 Mr510 wrote: Thread closed. I'm going to Wharton! Thanks for your thoughts guys! Congratulations! This is why I didn't bother to respond previously. Kind of silly to debate all this when you still had more to come! Re: Haas vs Ross w/$$$vs. reapply HBS next year [#permalink] 30 Mar 2012, 10:39 Similar topics Replies Last post Similar Topics: 1 Go to Ross this year vs re-apply to Haas 8 13 Jul 2016, 04:09 1 Ross ($) vs. Haas 1 20 Dec 2015, 17:36
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2 Ross ($$) vs. Haas 7 02 Apr 2015, 05:20 Haas(part-time) vs Anderson(full-time w/$$) vs Reapplying 0 17 Apr 2014, 11:09
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