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Manager
Joined: 04 Oct 2010
Posts: 60
GMAT 1: 720 Q48 V41
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15 Dec 2012, 15:53
1
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jimmy86 wrote:
Hi all,

Request your help in getting out of this dilemma !!!
It has been a long and exhaustive application process. Spent 2 years thinking of my goals and asking myself what I want .... The happy ending is as follows :
1. Admitted to Rice with 80% tuition scholarship

And now I am back to square one . Which school to go to. Each one is an amazing program. I have researched them a lot before applying. To the extent of what papers each schools prof. have published, the cities they are in, how suited they are for my career goals and how well I will fit into their programs.
And in the end I am just not able to make the choice. Each has an advantage the other cant offer.
I wish to be at the best program in terms of peers,networking,ROI, reputation and alumni network. Cost is not a factor for me. The trasnformational experience is !

All the fellow applicants on the GMATCLUB are the most active business school applicants on the planet(i am sure of that). And each one of you has done his or her in-depth research.
I would be grateful if you could tell what choice you would make if you were in my situation, and state a reason for the choice.

My profile in brief :
Indian(in India) , Electrical engineer---a typical applicant so far
Worked with Fortune 500 companies in the Energy sector for 5 years , interested in international marketing, strategy, consulting and entrepreneurship.
Open to all career options. Would prefer to join my present organisation post-mba, if they offer me the position I want. I already have a position in mind and my present organisation will most probably agree. However, I feel that the MBA peer group and curriculum might change my thoughts. So dont want to commit to my present organisation before I finish the MBA.

Hope you all will help --- your opinion is important to me. I have been learning through the GMATCLUB since the time I started preparing for the GMAT and am still looking for help from fellow applicants.

A rich man's problem indeed. Congratulations on the 3 admits and I hope the anxiety of choosing one out of the three is not stopping you to realize that you have achieved what many dream of.

My 2 cents:

1.) You say cost is not a factor but you also mention you are looking for a good ROI. Hmm.. I don't think we can separate the 2 completely.

2.) Segregate on geography. Rice/McCombs vs KF

3.) Segregate on industry. If you do want to continue to work in the energy industry McCombs/Rice will weigh a bit heavier than KF. (similarly, if you want to go in healthcare - i would choose KF)

4.) If you want to come back to your org. for sure then it makes sense to take that 80% bait (there is no point in being in debt for 4 yrs after your MBA if you have some job security already). But, looks like you are not certain - so let's move ahead.

5.) This is what you should do immediately - draft a letter for McCombs adcom asking them for some waiver. Tell them cost is a big factor for you and Rice is offering you 80% schol. Your first choice is McCombs and you are in love with the program blaba. Basically ask them to sweeten the deal and make your decision post their reply.

Basically, I see a tough choice between McCombs and 80% $$- Rice. If cost is not a factor at all, I will choose McCombs - better school, great alumni network, good recruitment opportunities. Good luck with the decision. Intern Joined: 28 Feb 2012 Posts: 31 Concentration: Strategy, Finance Followers: 0 Kudos [?]: 11 [0], given: 5 Re: Rice$$ vs McCombs vs Kenan Flagler [#permalink]

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15 Dec 2012, 17:18
jimmy86 wrote:
Hi all,

Request your help in getting out of this dilemma !!!
It has been a long and exhaustive application process. Spent 2 years thinking of my goals and asking myself what I want .... The happy ending is as follows :
1. Admitted to Rice with 80% tuition scholarship

And now I am back to square one . Which school to go to. Each one is an amazing program. I have researched them a lot before applying. To the extent of what papers each schools prof. have published, the cities they are in, how suited they are for my career goals and how well I will fit into their programs.
And in the end I am just not able to make the choice. Each has an advantage the other cant offer.
I wish to be at the best program in terms of peers,networking,ROI, reputation and alumni network. Cost is not a factor for me. The trasnformational experience is !

All the fellow applicants on the GMATCLUB are the most active business school applicants on the planet(i am sure of that). And each one of you has done his or her in-depth research.
I would be grateful if you could tell what choice you would make if you were in my situation, and state a reason for the choice.

My profile in brief :
Indian(in India) , Electrical engineer---a typical applicant so far
Worked with Fortune 500 companies in the Energy sector for 5 years , interested in international marketing, strategy, consulting and entrepreneurship.
Open to all career options. Would prefer to join my present organisation post-mba, if they offer me the position I want. I already have a position in mind and my present organisation will most probably agree. However, I feel that the MBA peer group and curriculum might change my thoughts. So dont want to commit to my present organisation before I finish the MBA.

Hope you all will help --- your opinion is important to me. I have been learning through the GMATCLUB since the time I started preparing for the GMAT and am still looking for help from fellow applicants.

First of all, my heartiest congratulations!!

If I were you, I would first choose between Rice/McCombs and KF. This decision would be based on geography, career opportunities, better fit, rankings, salary offered after graduation, etc. To me, if everything else is similar - then the median salary offered by employers after graduation speaks a lot about the program. McCombs' graduates are offered at least 5k greater than both Rice's and Kenan's graduates. In other words, employers are ready to pay more for McComb's graduates than Rice's or Kenan's.

P.S. : I may sound a little shallow talking about money but that is one of the important parameters for me.
Intern
Joined: 23 Mar 2012
Posts: 17
Concentration: Marketing, Finance
GMAT 1: 760 Q48 V47
GPA: 3.8
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16 Dec 2012, 06:10
beckettma wrote:
Hi! I'm a current Kenan-Flagler student. I faced the exact same decision last year (McCombs vs. KF). Ultimately it came down to fellowship money for me. If you want to stay in Texas or go into energy, take the money at Rice. If you're looking at Healthcare or sustainability, KFBS is the way to go.

And the above individual is incorrect about the salary difference at McCombs and KFBS. Salary statistics are virtually identical at both schools. Look at the employment statistics from each school on their website for more specifics.

I stand corrected!
Manager
Joined: 15 Mar 2012
Posts: 107
Location: Guatemala
Concentration: General Management, Strategy
Followers: 2

Kudos [?]: 31 [0], given: 50

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16 Dec 2012, 10:25
jumsumtak wrote:
jimmy86 wrote:
Hi all,

Request your help in getting out of this dilemma !!!
It has been a long and exhaustive application process. Spent 2 years thinking of my goals and asking myself what I want .... The happy ending is as follows :
1. Admitted to Rice with 80% tuition scholarship

And now I am back to square one . Which school to go to. Each one is an amazing program. I have researched them a lot before applying. To the extent of what papers each schools prof. have published, the cities they are in, how suited they are for my career goals and how well I will fit into their programs.
And in the end I am just not able to make the choice. Each has an advantage the other cant offer.
I wish to be at the best program in terms of peers,networking,ROI, reputation and alumni network. Cost is not a factor for me. The trasnformational experience is !

All the fellow applicants on the GMATCLUB are the most active business school applicants on the planet(i am sure of that). And each one of you has done his or her in-depth research.
I would be grateful if you could tell what choice you would make if you were in my situation, and state a reason for the choice.

My profile in brief :
Indian(in India) , Electrical engineer---a typical applicant so far
Worked with Fortune 500 companies in the Energy sector for 5 years , interested in international marketing, strategy, consulting and entrepreneurship.
Open to all career options. Would prefer to join my present organisation post-mba, if they offer me the position I want. I already have a position in mind and my present organisation will most probably agree. However, I feel that the MBA peer group and curriculum might change my thoughts. So dont want to commit to my present organisation before I finish the MBA.

Hope you all will help --- your opinion is important to me. I have been learning through the GMATCLUB since the time I started preparing for the GMAT and am still looking for help from fellow applicants.

A rich man's problem indeed. Congratulations on the 3 admits and I hope the anxiety of choosing one out of the three is not stopping you to realize that you have achieved what many dream of.

My 2 cents:

1.) You say cost is not a factor but you also mention you are looking for a good ROI. Hmm.. I don't think we can separate the 2 completely.

2.) Segregate on geography. Rice/McCombs vs KF

3.) Segregate on industry. If you do want to continue to work in the energy industry McCombs/Rice will weigh a bit heavier than KF. (similarly, if you want to go in healthcare - i would choose KF)

4.) If you want to come back to your org. for sure then it makes sense to take that 80% bait (there is no point in being in debt for 4 yrs after your MBA if you have some job security already). But, looks like you are not certain - so let's move ahead.

5.) This is what you should do immediately - draft a letter for McCombs adcom asking them for some waiver. Tell them cost is a big factor for you and Rice is offering you 80% schol. Your first choice is McCombs and you are in love with the program blaba. Basically ask them to sweeten the deal and make your decision post their reply.

Basically, I see a tough choice between McCombs and 80% $$- Rice. If cost is not a factor at all, I will choose McCombs - better school, great alumni network, good recruitment opportunities. Good luck with the decision. Hey jumsumtak, How are your applications coming? Where do you aim to matriculate? Thank you for the response. Frankly, McCombs is really where my heart lies. I have had an amazing experience with the admissions committee and students at McCombs. McCombs and KF are better programs than Rice, And I am not really sure whether I wanna spend the rest of my life in energy. Heres whats running on my mind : McCombs - If you read the student comments on the businessweek rakings - you will find that most of the students at McCombs are not happy with their career management services . If you believe these comments to be true then that is a big de-motivating factor. - Energy companies are not really into hiring internationals for their leadership programs . So am a bit skeptical about energy. - Austin is a great city and there is a lot of entrepreneurship buzz in Austin. I love that kind of enviornment. KF - The school is growing in reputation and has placed more students around the US than McCombs. McCombs has nearly 60-70% placements in the south or southwest - KF is finance and healthcare heavy. I am less interested both these areas. However, on the positive side most of my classmates will be competing in these areas and I wont. - Chapel Hill being a small city is a de-motivation, however the research triangle area is a big plus side. - The classrooms and technology at KF are very updated and of what I have heard( have not idea if its true and can never judge from India), they have better teaching faculty than McCombs All that said, my heart is still in McCombs and logic tells me to go to KF. Just dont know what to do!!! _________________ --- Jimmy Lifes battles dont always go, To the stronger or faster man; But sooner or later the man who wins, Is the man who THINKS HE CAN . KUDOS me if you feel my contribution has helped you. Manager Joined: 04 Oct 2010 Posts: 60 GMAT 1: 720 Q48 V41 Followers: 3 Kudos [?]: 33 [0], given: 17 Re: Rice$$ vs McCombs vs Kenan Flagler [#permalink]

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16 Dec 2012, 10:37
laidmn wrote:
First of all, my heartiest congratulations!!

If I were you, I would first choose between Rice/McCombs and KF. This decision would be based on geography, career opportunities, better fit, rankings, salary offered after graduation, etc. To me, if everything else is similar - then the median salary offered by employers after graduation speaks a lot about the program. McCombs' graduates are offered at least 5k greater than both Rice's and Kenan's graduates. In other words, employers are ready to pay more for McComb's graduates than Rice's or Kenan's.

P.S. : I may sound a little shallow talking about money but that is one of the important parameters for me.

Hi laidmn,

Thank you for your reply. Well the ranking figures might indicate that the average package of a McCombs graduate is higher than a KF graudate. However, personally I think that this is a deceptive statistic. These schools are very similar and it all comes down to the individuals concentration of MBA and individuals caliber on which the final package will depend. Also, I am sure that internationals have lower average packages and no one knows the average package of internationals at these schools.

Again, the quality of education and the networks will be of far more importance a few years after graduation, than the average package at graduation. But this is just my personal view. And I agree with you and am not forgetting --- we are all in it for the money, but with a lot of other things that make life better.
_________________

---
Jimmy

Lifes battles dont always go,
To the stronger or faster man;
But sooner or later the man who wins,
Is the man who THINKS HE CAN .

KUDOS me if you feel my contribution has helped you.

Manager
Joined: 04 Oct 2010
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GMAT 1: 720 Q48 V41
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16 Dec 2012, 12:27
Rice if you are sure that you want to stay in energy. But you may also want to check to see what level of positions energy company hire from Rice, and how easy it is to get a job as an international student.

McCombs and UNC if you want a broader selection of post-MBA exits. I don’t think UNC is better than McCombs. Those two schools are on par with each other; even then, it’s comparing apples to oranges. I don’t believe they would be competing for the same jobs. Both schools are regional, and it depends on where you want to live after b-school.

From a classroom tech perspective, I don’t think that has much relevance in your b-school education. But, both schools are on par. I’ve been to both schools. I heard the McCombs is building a new MBA only building, so it may have an edge on facilities later down the line.

Good luck!
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17 Dec 2012, 17:52
Go to Rice. The scholarship shows how much they want you, how good of a fit you would be, etc. I'm sure there's something great at the end of the tunnel there for you.
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19 Dec 2012, 11:34
I was gonna say the same thing.... Plus imagine yourself two years later... and with almost NONE of that loan burden on you. You'll be free as a butterfly.
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30 Jan 2013, 23:49
Alright, Rice kids don't seem to get on the forums much, so here's a first-year jumping in....

First off, totally agree with the framing of UNC vs McCombs/Rice, and with most of what was said above.

A few thoughts...
On geography and job placement:
Yes, UNC has a wider geographic placement of its graduates. Most of UT places in the SW, and Rice overwhelmingly does. However, recognize the limited local opportunity for UNC grads, of course they go all around the country, they have to. That being said, just because most grads stay in the South, doesn't mean you have to coming out of Rice. A number of us are currently interviewing or have already secured internship placements outside of Texas. But for the most part, it's incredibly tempting to focus only locally. There's great businesses coming to campus, and the Houston business community certainly has more of a small-town feel where everyone knows someone. I think a lot of classmates feel, why work so hard for positions elsewhere with what I've got here? Our Dean said, "Houston is both a blessing and a curse." Rice has great opportunities at its doorstep, but it will continue to be seen as a regional school when 90% of the graduates work in the Southwest. Now that being said, there are a Rice alums spread all over, and they are fiercely loyal (probably due to the small school size). They've always been incredibly generous and helpful in my experience.

"Rice is only good for Energy" - Seeing it on the inside, this statement is such crap. At one point when Rice was trying to build itself, it really focused on building that part, and it's still amazing for Energy, but to say that Rice isn't worth it if you want to work outside Energy is a misguided view. Besides, O&G likes people who've worked in O&G. All the big boys come to campus, but if you have some random unrelated background, came to Rice, and paid your dues to the Energy club, that doesn't mean a supermajor will be all that interested in you. Now for the OP, it's sounds like you have an great background and if you want to stay in Energy, Rice or McCombs would be great, but you wouldn't be pigeon-holed to it.
A few other things to note Rice for
The Healthcare concentration was launched just this year, and they've hired a special Director, added a bunch of courses, and most importantly, have got a bunch of healthcare companies/internships on campus that at times it seems to outnumber the students focusing in that (little jealous). Rice is working hard to build connections with the Medical center, which it should since it's stone's throw from campus.
I might be the only one to say it, Rice isn't too bad for marketing. Maybe because there's not a ton of students trying to do marketing (granted the class size is 120), but those that are have a really sweet deal. The 2nd semester ALP always has great variety of marketing-type projects, and that's in addition to the club/competitions/1st semester marketing project. The marketing people were some of the first to secure their internships and are going to F500 (again, little jealous).
Though Rice has historically been big for Finance, I didn't realize until coming here just how many alums are Non-Energy Finance. The Wright Fund plays a part, but beyond that there's a number of equities analysts, students who left or are entering HF/PE, and a good-sized network to tap into.
Also good: Entrepreneurship, Education, etc, etc - check the website.

-----
To the OP:
With the money - yes, they do want you. Rice is very committed to growing its reputation, and $$is one way they're doing it. For me personally, that$$ in tuition I'm not paying is money I can spend on international trips, career treks, conferences, and whatever else I want.

Feel free to PM me.
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23 Feb 2013, 11:20
Congratulations on the admits! Great job!
Just a quick check - have you made the decision as to where you are going?
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