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I've been admitted to Kellogg w/65% tuition scholarship and Haas w/100%. I've been to Kellogg, Sloan, and Haas admit weekends. I thought all 3 cultures were more similar than different, very collaborative and friendly. I'm coming from aerospace and I'm interested in management consulting and I want to end up on the west coast, preferably Southern California. Which MBA program would you choose if you were me? I'd love to hear your thoughts and see your votes!
Last edited by bklmu on 23 Apr 2012, 13:28, edited 5 times in total.
Haas no question. Let's look at each of your post-MBA goals.
1. Consulting. All three schools place well into top consulting firms. Kellogg probably the best, but MBB recruit at all three.
2. West Coast. Obviously Haas here. The West Coast MBB offices will recruit at Haas, whereas the Midwest MBB offices recruit at Kellogg and the East Coast offices recruit at Sloan. I mean, it is obviously possible to join an office in a different region than your MBA program, but the simplest/easiest path is to recruit into nearby offices (easier to network, easier to form relationships with colleagues, etc.). Also, as you think about the long-term value of the network, proximity to alumni is an important consideration. To the extent you plan to stay on the West Coast long-term, Haas offers a greater density of nearby alumni.
3. Save $100k. You didn't specifically mention this as a goal, but who doesn't want to save $100k!? This is icing on the cake. If Haas were not already equal or better than the other schools on your other decision criteria, perhaps this decision is more difficult. But Haas performs as well or better than the other schools on your other decision criteria, so the scholarship makes the decision even easier.
Just returned from Days at Haas and had a great time. Do you think the recruiting/opportunities at Haas will be similar to Kellogg? For instance, the summer intern hires for Bain LA, 4/10 were Kellogg. Also, the size of the Haas alumni network concerns me a little.
In my mind I've eliminated Sloan, so now its down to Haas or Kellogg.
Congrats on all the admits. Haas for sure. Kellogg and Sloan are excellent schools. But you'll find that the network you get to build their will matter much more than which school's name is on your resume.
On top of that, a full-ride is a full-ride! It's AMAZING!
I know you've probably done the calculations already, but just to reiterate, going to Haas for free will save you $1,150 in loan pmts (if you were to otherwise take out a $100k loan @ 6.8%).
To pay that $1,150, you would have to make an extra $2,000 per month. After payroll taxes (7.65%) and probably a 35% tax bracket for you = 42.65% (not to mention any state taxes), making an extra $2k leaves you with exactly $1,147.
Which means if you make the median $111k salary coming from Haas, then for Kellogg to be equal money-wise (which, of course, isn't the only criteria, but it matters), you'd have to make $24k more or, in other words, 22% more than Kellogg's median which is roughly $111k also.
Plus, having gotten a full-ride to Haas, you'll probably more valuable to Haas, for good reason...and may even "shine" more compared to your classmates, vs being at Kellogg.