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Help with a Tough Decision...

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pmaltacct
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Joined: 17 Sep 2012
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Schools: Rice / UT Austin / TCU / SMU
Concentration: Strategy, General Management
GMAT 1: 750 Q46 V48
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Help with a Tough Decision... [#permalink] New post   06 Dec 2012, 13:16
So I find myself ruminating over the decision I must make for my full-time MBA:

TCU Neeley: Full ride + fees (44k/year) + stipend (5k/year)

Rice Jones: 36k/year scholarship (which leaves ~14k/year + the lack of a stipend...so almost 40k more of debt)

Thus the dilemma. It's also worth noting that no matter what, I'll need student loans for cost-of-living expenses each year. So...how much more is being able to say "I went to Rice" worth?

Thanks in advance for your insight and help with this difficult decision!
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fv113
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Re: Help with a Tough Decision... [#permalink] New post   06 Dec 2012, 13:38
If you want to stay in Texas only a slight bump since TCU has great recruiters and is slowly rising in prestige. If you want to go outside of Texas Rice is worth it.
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pmaltacct
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Re: Help with a Tough Decision... [#permalink] New post   06 Dec 2012, 13:43
fv113 wrote:
If you want to stay in Texas only a slight bump since TCU has great recruiters and is slowly rising in prestige. If you want to go outside of Texas Rice is worth it.



I do intend to keep my permanent residence in Texas and I'd like to be based out of here long-term, though I'll of course follow the opportunities. And what you say about TCU rising is actually one of the reasons it also appeals to me (being part of a growing school - #1 fastest rising by Forbes - as opposed to one already established). I suppose then my concern would be if staying in Texas, is Rice so much more of a bump - in terms of opening doors and starting salaries as a consultant - that the 40k would be negligable after a few years?

Maybe I'll just cut myself in half and go to both.
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Re: Help with a Tough Decision... [#permalink] New post   06 Dec 2012, 13:46
Good points. Unless you were interested in the oil/gas industry I would go with TCU but you might want to talk to a student there and see how they are liking it and working out for them.
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pmaltacct
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Re: Help with a Tough Decision... [#permalink] New post   07 Dec 2012, 07:58
fv113 wrote:
Good points. Unless you were interested in the oil/gas industry I would go with TCU but you might want to talk to a student there and see how they are liking it and working out for them.


Also, I wonder if the Rice name behind me is more important specifically for the field in which I intend to work: Management Consulting. Does anyone have any experiences with how having/not having a more prestigious university behind them has affected job searches and earning potential? (I know TCU is a good school, but I wonder if having "Rice" on my MBA degree will significantly influence my lifetime earning potential.)
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highwyre237
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Re: Help with a Tough Decision... [#permalink] New post   07 Dec 2012, 08:25
pmaltacct wrote:
fv113 wrote:
Good points. Unless you were interested in the oil/gas industry I would go with TCU but you might want to talk to a student there and see how they are liking it and working out for them.


Also, I wonder if the Rice name behind me is more important specifically for the field in which I intend to work: Management Consulting. Does anyone have any experiences with how having/not having a more prestigious university behind them has affected job searches and earning potential? (I know TCU is a good school, but I wonder if having "Rice" on my MBA degree will significantly influence my lifetime earning potential.)



I would speak with career services at both schools... but looking into the data for each on business week
https://www.businessweek.com/bschools/ra ... /rice.html
https://www.businessweek.com/bschools/ra ... aschr.html

It looks like 22% of Rice's students go into consulting, with an average salary of 110K
although 18% of TCU's grads go into consulting, their average salary is around 80K.

This leads me to believe that a larger percentage of Rice's consulting jobs are management consulting... although I may be wrong. I guess they could be going into energy consulting, but I have no knowledge on the salaries in that sector...

One of the top recruiting companies at Rice is EY, so I would assume it would be less strategy, but I don't know for sure. I would reach out to students that landed jobs in consulting (maybe the consulting clubs?) and see how many people get into the strategy side.
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Archit143
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Re: Help with a Tough Decision... [#permalink] New post   07 Dec 2012, 09:11
hi all

I have done Nautical tech from top university of India having worked in oil transportation on tankers for 3 years i want to pursue career in energy sector especially Oil trading...
I know that texas is the destination with this amibition and MCcombs and rice has the specfic energy related course but i m not sure of neeley ....does neeley has course related to energy sector as full time MBA....
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Re: Help with a Tough Decision... [#permalink]
07 Dec 2012, 09:11

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