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17 Mar 2012, 11:06
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.
Senior Manager
Joined: 25 May 2011
Posts: 388
Location: United States (CA)
Concentration: Strategy, Finance
GMAT 1: 710 Q49 V37
GPA: 3
WE: Consulting (Consulting)
Followers: 6

Kudos [?]: 41 [0], given: 6

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18 Mar 2012, 12:25
Quote:
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. Thanks for your thoughts. I certainly understand where you are coming from. My goal is middle market PE, so funds <$1bn under management. However, even when going through the websites of many of the firms I will reach out to, all I see is HSW backgrounds. In fact, my firm is full of HBS grads. I know it is not impossible to get a post-MBA PE position coming from Haas or Ross, but it will be difficult.

And thanks to all for your opinions, very helpful. Will keep you guys posted!!
Intern
Joined: 12 Oct 2011
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Schools: HBS '15 (M)
GMAT 1: 760 Q49 V45
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19 Mar 2012, 18:08
Quote:
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.

Yes you are correct! My prayer is that I wont have to make this call. However, if Wharton/Kellogg don't work out, I have a real decision to make. I would have to speak with my firm ASAP about staying another year and my Haas deposit is due the same day as Wharton news. Lastly, I want to think through this now with a clear head (vs. the big day of 3/30 when Wharton sends decisions).

Quote:
I have two additional comments: If you think your GMAT score could come up in your interviews, you may want to take it again anyway. And you can certainly submit it to Harvard now while you're on the waitlist rather than waiting to apply again next year if you think that's the main thing keeping you out. But I doubt it could really be that bad if you got a full scholarship to Ross.

Great points. I am pretty confident that HBS is given me time to submit a higher score. But I'm working on a new deal and would totally piss off my firm if I told them I was re-taking the GMAT. I usually believe there is time to get anything done if you forfeit sleep and going out, but taking GMAT before this summer is impossible. Besides, I am focused on "replenishing" my goodwill at my firm after spending so much time on b-school apps and GMAT.
Manager
Joined: 30 Nov 2010
Posts: 134
Location: United States (IL)
GMAT 1: 720 Q48 V41
WE: Management Consulting (Consulting)
Followers: 2

Kudos [?]: 20 [0], given: 13

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30 Mar 2012, 11:39
Mr510 wrote:

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!