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Signs or a bird in the hand....

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Current Student
User avatar
Status: Done with formalities.. and back..
Joined: 15 Sep 2012
Posts: 648
Location: India
Concentration: Strategy, General Management
Schools: Olin - Wash U - Class of 2015
WE: Information Technology (Computer Software)
Followers: 35

Kudos [?]: 368 [0], given: 23

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Signs or a bird in the hand.... [#permalink] New post 19 Apr 2013, 22:49
At the end of application year, i'm confused as ever..

Applied to duke/Ross/Cornell in round 3/2/4. Duke and Ross were the colleges where I had in fact put in lot of work/effort caz I seriously loved these colleges.. In addition, applied to olin in round 3 just because the college was decently ranked and application-very convenient with no fee, no reco, and only 1 SOP. INSEAD was another favorite and I planned to apply in April in round 1.

but as it turned out- got dinged at all with no interviews and got an admit this week from Olin with 40% schol... Which is the bird in the hand... (Not sure if that's better than two birds in the bush..)

Disappointed with dings, i did not even submit app for INSEAD. I decided to avail services of a consultant this year and spoke to a few. All of them showed confidence in my profile and mentioned top 15 should be achievable for me. I even won a contest and got a top package from a premier consulting company just a day before getting the admit from Olin. I take it as a sign that things are shaping up for next year..

Now the confusion.. Olin is a good college and i save a year and few bucks.... but with one year wait and applying in earlier round, with a premier consultant behind me, i may have a shot at better colleges and colleges I like...

any thoughts... ??
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Black Friday Debrief

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Joined: 02 Jul 2012
Posts: 1227
Location: India
Concentration: Strategy
GMAT 1: 740 Q49 V42
GPA: 3.8
WE: Engineering (Energy and Utilities)
Followers: 67

Kudos [?]: 717 [0], given: 116

Premium Member
Re: Signs or a bird in the hand.... [#permalink] New post 19 Apr 2013, 23:11
Wow... I feel for you man...... Really tough decision.... Especially with the money involved... But IMHO, if you really feel you have got a chance at a top 15 school, then you should let this bird in the hand go... You'll always be wondering if you could have done better.. You can never say for certain that you put forward your best presentation of your profile the past.. With the help of the consultant next year at the least you would know that you are putting your best foot forward...

Have you tried asking Olin to defer the decision by one year?
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Joined: 03 Mar 2013
Posts: 44
Location: India
Concentration: Technology, Strategy
GMAT 1: 730 Q49 V41
GPA: 3
WE: Information Technology (Telecommunications)
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Kudos [?]: 130 [0], given: 30

Re: Signs or a bird in the hand.... [#permalink] New post 19 Apr 2013, 23:59
There could be 2 ways to look at this:

1. The consultants will always tell you that you have a shot at top 15 as they want more business. So it boils down to whether you trust the consultant.

2. But again you do MBA only once in life, its a launchpad and homebase you will always carry, so a top 15 school is an investment for life. I guess you should give it another shot next year.

All the best! 8-)
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Current Student
User avatar
Status: Done with formalities.. and back..
Joined: 15 Sep 2012
Posts: 648
Location: India
Concentration: Strategy, General Management
Schools: Olin - Wash U - Class of 2015
WE: Information Technology (Computer Software)
Followers: 35

Kudos [?]: 368 [0], given: 23

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Re: Signs or a bird in the hand.... [#permalink] New post 20 Apr 2013, 02:26
thelosthippie wrote:
There could be 2 ways to look at this:

1. The consultants will always tell you that you have a shot at top 15 as they want more business. So it boils down to whether you trust the consultant.

2. But again you do MBA only once in life, its a launchpad and homebase you will always carry, so a top 15 school is an investment for life. I guess you should give it another shot next year.

All the best! 8-)

Well the point is.. I am not paying a single penny here to the consultant.. As I mentioned, I won the package from them..so consultant doesn't have any incentive as far as business from me is concerned..
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Black Friday Debrief

Current Student
User avatar
Status: Done with formalities.. and back..
Joined: 15 Sep 2012
Posts: 648
Location: India
Concentration: Strategy, General Management
Schools: Olin - Wash U - Class of 2015
WE: Information Technology (Computer Software)
Followers: 35

Kudos [?]: 368 [0], given: 23

GMAT ToolKit User Premium Member
Re: Signs or a bird in the hand.... [#permalink] New post 20 Apr 2013, 02:31
MacFauz wrote:
Wow... I feel for you man...... Really tough decision.... Especially with the money involved... But IMHO, if you really feel you have got a chance at a top 15 school, then you should let this bird in the hand go... You'll always be wondering if you could have done better.. You can never say for certain that you put forward your best presentation of your profile the past.. With the help of the consultant next year at the least you would know that you are putting your best foot forward...

Have you tried asking Olin to defer the decision by one year?

Hey dude..thanks for ur reply..
Yeah...olin said deferral is not an option...:(
What would you do..?
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Black Friday Debrief

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Joined: 02 Jul 2012
Posts: 1227
Location: India
Concentration: Strategy
GMAT 1: 740 Q49 V42
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WE: Engineering (Energy and Utilities)
Followers: 67

Kudos [?]: 717 [0], given: 116

Premium Member
Re: Signs or a bird in the hand.... [#permalink] New post 20 Apr 2013, 04:08
Vips0000 wrote:
MacFauz wrote:
Wow... I feel for you man...... Really tough decision.... Especially with the money involved... But IMHO, if you really feel you have got a chance at a top 15 school, then you should let this bird in the hand go... You'll always be wondering if you could have done better.. You can never say for certain that you put forward your best presentation of your profile the past.. With the help of the consultant next year at the least you would know that you are putting your best foot forward...

Have you tried asking Olin to defer the decision by one year?

Hey dude..thanks for ur reply..
Yeah...olin said deferral is not an option...:(
What would you do..?


I still wouldn't go with Olin.. For one the admit with scholarship clearly shows that your profile is clearly at least strong enough for a school in Olin's range.. You could still apply next year in a similar ranged school next year and get an admission... IMHO... At least for the two years that you are in b-school, you'll always be having a "what if" on your mind... I myself would find that very distracting (which you definitely don't want while in b-school)...

It's a really tough decision no doubt... It's up to you to decide whether if you go with Olin the thought that "I could have done better" would be on your mind and that whether being free of that thought and a chance at a better school is worth one year and $40,000..
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Current Student
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Status: Too close for missiles, switching to guns.
Joined: 23 Oct 2012
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Location: United States
Schools: Johnson (Cornell) - Class of 2015
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Premium Member
Re: Signs or a bird in the hand.... [#permalink] New post 20 Apr 2013, 06:37
Vips0000 wrote:
At the end of application year, i'm confused as ever..

Applied to duke/Ross/Cornell in round 3/2/4. Duke and Ross were the colleges where I had in fact put in lot of work/effort caz I seriously loved these colleges.. In addition, applied to olin in round 3 just because the college was decently ranked and application-very convenient with no fee, no reco, and only 1 SOP.

any thoughts... ??


Well, for starters, I think your application strategy was seriously flawed. Was there a reason you waited until the last round to apply to Duke and Cornell? Any reason why you didn't apply to any schools in Round 1? Or at the very least, all three of those schools in Round 2? Also - applying to Olin because it was convenient is a poor reason to apply to any school, and I think you know that since you're wondering if you even want to go there.

Target Round 1 for this fall. October is going to be here before you know it.
_________________

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Current Student
User avatar
Status: Done with formalities.. and back..
Joined: 15 Sep 2012
Posts: 648
Location: India
Concentration: Strategy, General Management
Schools: Olin - Wash U - Class of 2015
WE: Information Technology (Computer Software)
Followers: 35

Kudos [?]: 368 [0], given: 23

GMAT ToolKit User Premium Member
Re: Signs or a bird in the hand.... [#permalink] New post 20 Apr 2013, 19:13
CobraKai wrote:
Vips0000 wrote:
At the end of application year, i'm confused as ever..

Applied to duke/Ross/Cornell in round 3/2/4. Duke and Ross were the colleges where I had in fact put in lot of work/effort caz I seriously loved these colleges.. In addition, applied to olin in round 3 just because the college was decently ranked and application-very convenient with no fee, no reco, and only 1 SOP.

any thoughts... ??


Well, for starters, I think your application strategy was seriously flawed. Was there a reason you waited until the last round to apply to Duke and Cornell? Any reason why you didn't apply to any schools in Round 1? Or at the very least, all three of those schools in Round 2? Also - applying to Olin because it was convenient is a poor reason to apply to any school, and I think you know that since you're wondering if you even want to go there.

Target Round 1 for this fall. October is going to be here before you know it.


The only reason to apply late was that I started the process late.. Before these rounds I dint have a GMAT score to submit...

well applying to a school for convenient application is a poor reason, but is saving 1 year and few bucks also a poor reason to attend a decent college (Washington University (olin)) ?
_________________

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Black Friday Debrief

1 KUDOS received
Current Student
User avatar
Status: Too close for missiles, switching to guns.
Joined: 23 Oct 2012
Posts: 766
Location: United States
Schools: Johnson (Cornell) - Class of 2015
WE: Military Officer (Military & Defense)
Followers: 12

Kudos [?]: 311 [1] , given: 166

Premium Member
Re: Signs or a bird in the hand.... [#permalink] New post 21 Apr 2013, 05:05
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Vips0000 wrote:

well applying to a school for convenient application is a poor reason, but is saving 1 year and few bucks also a poor reason to attend a decent college (Washington University (olin)) ?


It is if you're not going to be happy with your choice.
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Re: Signs or a bird in the hand.... [#permalink] New post 23 Apr 2013, 00:04
Vips,

Just because its convenient to get in does not mean Olin is a bad school. The numbers(on link below) should give you an indication about the competitiveness of Consulting hires as you go down the rankings. Outside M7, Duke, Ross, Hass the rest are not that good for Consulting.
One thing that concerns me that other than the big companies is : are smaller firms(those who will be hiring at Olin) willing to sponsor H1-B Visa for internationals ? Please reach out to current Olin students and share your information here.

http://poetsandquants.com/2011/11/28/firms-that-hire-the-most-mba-interns/
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Re: Signs or a bird in the hand....   [#permalink] 23 Apr 2013, 00:04
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