rca215 wrote:
Okay, my turn to bug you. I think this one might be a bit more complicated than the average "which school" thread, so I hope it doesn't bore you.
I have two admits - one from Yale with a 25% scholarship graduating in 2011 and one for Kellogg's one-year (1Y) program that starts in late June and ends in June 2010.
FYI, I applied to the 1Y program to minimize cost and time, the time issue mostly being that my girlfriend of 5 years cannot move with me and will stay in Boston. I have an undergrad business degree, so I meet the requirements for the 1Y program.
Background info: I have worked at one company for my entire career, a tiny biotech company where I have essentially been in a management rotation program in that I've had a lot of different, but significant, responsibilities. My post-MBA goal is to join a big biotech company (think Genzyme, Genentech, etc.) or something else in the drug development field working in general management, strategic planning and/or corporate development (consulting and VC are also of interest, yet less feasible). Long-term I would like to work at small biotech companies, possibly starting my own with technologies developed by my scientist friends. I'm also interested in biotech, particularly startups. Have a bio undergrad degree and work experience for a cancer imaging lab in Boston and a biotech startup in Cambridge, MA. Would be fun to discuss our plans during DAK II.
Here are the pros and cons I have identified so far:
YALE
Pros:
- Cachet with laymen (Yale) Not a major factor. You will be recruiting with people who understand Kellogg vs. Yale SOM.
- Cool curriculum
- Small class size
- Enter workforce later (2011)
- Good opportunities in social enterprise/non-profit/development, which my alternate career of interest May be your alternate career, but isn't what you spent so much time discussing above. Your passion appears to be biotech, based on what you've said. Also, Kellogg is extremely strong in the nonprofit arena as well (e.g., SEEK).
- Generally a simpler, more convenient "transition" from my current situation
- Hanging out at ninkorn's swank apartment
Cons:
- Almost non-existent biotech/pharma recruiting (not sure if this is due to a lack of student interest) Is this the death blow?
- Much less respected MBA program (ugly duckling of Yale University) I would put a lot of weight on this.
- 2 years of trying to maintain a long-distance relationship Having had a long-distance GF from Boston to Seattle and from Atlanta to Africa, Boston to New Haven is not long distance in my book.
- Small alumni network
- Let's face it: New Haven (bad city, but geographically convenient)
KELLOGG
Pros:
- Highly respected/ranked overall I'd put a lot of weight on this. Given that you're interested in startups, Kellogg could be an enormous help to your career. If you're interested in business dev, this would also be a major plus in K's column.
- Very strong biotech/pharma program Given your description of your career goals, this is a major factor.
- Almost 100% electives
- Tight-knit 1Y class within a big overall alumni network
- Slightly less expensive (assuming no non-debt financial aid received from Kellogg)
- Best class I attended during all B school visits
- Only 1 year of trying to maintain a long-distance relationship Boston to Chicago is long distance in my book.
Cons:
- Less time to enjoy the overall B school experience
- Enter workforce earlier (2010)
- Less time to gain leadership positions in clubs
- Surrounded only by 1Y consultants going back to M/B/B? (not sure) Wouldn't be a con for me. Might make your experience more interesting.
- Looked upon less favorably by recruiters than 2Y program? (not sure) Hmm, don't know. I think they'll probably care more about your experiences, abilities, coursework, the schools you've attended, etc.
- No internship opportunity Major con. Not enough to tip me to Yale. But something to seriously consider.
- Have to start earlier (June vs. September)
- Strong competition in biotech/pharma recruiting I think this is actually a big plus. More recruiting. More people to bounce ideas off of and to help you in your search. This is one of the major advantages of a top school - you're surrounded by people who sharpen you, who make you push yourself even harder. Given that Kellogg is so community- and teamwork-focused, this could be a major help to you.
What say you? Thanks!
Altogether, I think it's a very personal decision. I think it boils down to:
(a) the extent to which you're serious and passionate about biotech;
(b) internship vs. not;
(c) long-distance relationship vs. not.
I would do Yale if the answer to (a) is "not really" AND the answer to (b) is "internship is very important to me." You really have to think about it if the answer to (c) is "a 1-year long-distance situation could cause my relationship to crumble, and my relationship is extremely important to me, perhaps more than career." Otherwise, I think Kellogg's advantages, particularly in biotech, are too significant and far outweigh the downsides to a 1Y program.