Manager
Joined: 18 Jan 2010
Posts: 61
Given Kudos: 0
Concentration: M&A
Schools:UVA Darden (R1), Cornell Johnson (R1), Yale SOM (R1), Oxford Said (R2)
WE 1: 5 Yrs Mgmt Consulting
Re: Oxford MBA or a US MBA?? (REPOST)
[#permalink]
20 Dec 2010, 06:37
As a reply to the original post, if the original deposit of several thousand dollars is due, that's a heavy insurance premium to pay (US schools are like $1,000, so it's not pocket change, but if something truly better comes around, it's a rather nominal cost of business) and therefore I think you need to actually make a decision. If you're choices are between Oxford and a top-five US school and all indications (interview receipt, alumni colleagues, adcom discussions) are that you have a pretty good shot at acceptance, I think I would probably wait on the US acceptance and ask Oxford for a three week/one-month extension (insert creative excuse here).
If your choices are between a top-20 school and the burdensome deposit, I would probably pay it and call it a day and if your top-choice US b-school comes knocking you can then make the business case then. With regards to Columbia (these days it's like 7th? for what that even means), as a New Yorker, whose wife just graduated from TC, Columbia and New York is hard to beat location-wise and job-prospects-wise. It is hard to quantify the value of being able to take the subway down to mid-town to meet for a coffee with a banker and be back in class an hour later. Yes, cost of living is exorbitant here, at $2,000 - $3,000 a month, rent here in the city is crazy as a student and that's just housing, a gallon of milk is like $4 at the market on 110th and broadway. However, CBS has an excellent name wherever you go in this world and anyone in the post-MBA fields will recognize the CBS brand name as such. Anyways, happy to answer all of your NY questions, just reach out, cheers!