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I am currently a college senior. I was admitted to the HBS 2+2 Program this year. I also applied to Stanford GSB's deferred program R2, but was dinged. GSB was my first-choice. I am looking to be in the b-school the class of 2015.
Profile: HYPMS Undergrad, summa cum laude , 770+ GMAT, Computer Science, starting west coast tech job next year.
It could be just a case of "the grass always looks greener on the other side", but I really feel like the opportunities for me would be better for me out of Stanford. A couple of mentors have told me that it holds more respect in the valley because of the small class size, and is certainly more inline with the industries I am pursuing. I will be working in the valley next year, and I am planning to stay in high tech space post-MBA. (venture capital or possibly product manager positions in high-tech).
Should I reapply to GSB in 2 years or just count my blessings? It's obviously a lot of work to rewrite the essays and endure the stress once again, and still does not mean I will have any better luck the 2nd time. Is the 'clout' that surrounds Stanford GSB significant enough to go through the effort? Are exit ops in VC significantly better from Stanford GSB? Are exit ops for PM positions at hot start-ups (facebook, etc) significantly better out of Stanford GSB?
You have great credentials no doubt about it. Had I been in your shoes, I would not take that risk.
Both are considered the best schools in the world. Maybe you will make it into GSB next time; but if you cannot then both the ships (HBS and GSB) would have sailed off. So be careful before you take such a dangerous plunge. Most people out on this forum would "kill" (and I kid you not) to get into HBS. And I think given your interest to go back to the valley I think there are ample opportunities even from HBS (albeit lesser than GSB).
These are my 2 cents. The rest is obviously up to you.