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Wharton vs Booth(with $$) for Retail

Wharton vs Booth(with $50k)

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pway
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Wharton vs Booth(with $$) for Retail [#permalink] New post   26 Mar 2015, 00:12
Hi Guys,

I am facing one of the best problems of my life currently. Have been accepted at Wharton without any financial aid and at Booth with $50k(over 2 years).

I am looking at a career in retail and luxury post MBA and having researched both, I feel that they are equally good (any inputs will be highly appreciated). I am from India and Wharton is a much bigger name here with very few people having heard of Booth. On the other hand, $50k is a lot of money from me. I intend to politely ask Wharton to match up the offer (please advise how to go about it) but in the eventuality that Wharton refuses, does it still remain the better option?

Thanks!
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Wharton vs Booth(with $$) for Retail [#permalink] New post   26 Mar 2015, 16:17
Assuming both schools offer equally good career outcomes (definitely stress test this by speaking with current students and examining the employment statistics), then I would go with Booth. It is also a fantastic school and a $50K scholarship is the equivalent of ~$75-80K pre-tax money, which gives you more financial flexibility after graduation.

That said, for what it's worth, I would have assumed that Wharton would have better placement into luxury given its proximity to NYC and the importance of networking in the recruiting process. If you find that to be true, then you just need to ask yourself how badly you want to do luxury (I'm sure retail will be doable from both schools).
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merper
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Re: Wharton vs Booth(with $$) for Retail [#permalink] New post   26 Mar 2015, 16:59
Also, how much do you want to work internationally. Booth has been rising in ranks, but it still doesn't have the decades old reputation that Wharton enjoys overseas.
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Re: Wharton vs Booth(with $$) for Retail [#permalink] New post   26 Mar 2015, 23:36
kingfalcon wrote:
Assuming both schools offer equally good career outcomes (definitely stress test this by speaking with current students and examining the employment statistics), then I would go with Booth. It is also a fantastic school and a $50K scholarship is the equivalent of ~$75-80K pre-tax money, which gives you more financial flexibility after graduation.

That said, for what it's worth, I would have assumed that Wharton would have better placement into luxury given its proximity to NYC and the importance of networking in the recruiting process. If you find that to be true, then you just need to ask yourself how badly you want to do luxury (I'm sure retail will be doable from both schools).


Thanks for your reply.

I agree with you on Wharton being closer to NYC and that it might be better for luxury. The only thing that's holding me from packing my bags and flying to Philly is the money. What do you think is the best way to ask Wharton for some aid?
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Re: Wharton vs Booth(with $$) for Retail [#permalink] New post   26 Mar 2015, 23:48
merper wrote:
Also, how much do you want to work internationally. Booth has been rising in ranks, but it still doesn't have the decades old reputation that Wharton enjoys overseas.


Thanks for your input! I definitely want to come back to India after a while and Wharton is a much stronger name here. Most of the people I talked to didn't even know Booth (They aren't in a space where MBAs work, but they are educated reasonably-aware people). I am sure that at companies where MBAs typically work, Booth would not be a disadvantage at all. Booth's a great school and I loved my visit there. But the pull of an Ivy MBA (Wharton) is high.

Any ideas on if Wharton would be open to providing some financial aid? Do they do need-based or merit-based?
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merper
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Re: Wharton vs Booth(with $$) for Retail [#permalink] New post   27 Mar 2015, 12:16
They do award merit based aid, but usually not as high as Booth. You can try and tell them that you really want to come and just need a nudge. They may not match since they hold themselves higher than Booth, but they might toss you $20-$30k if you are lucky.
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Re: Wharton vs Booth(with $$) for Retail [#permalink] New post   29 Mar 2015, 23:35
merper wrote:
They do award merit based aid, but usually not as high as Booth. You can try and tell them that you really want to come and just need a nudge. They may not match since they hold themselves higher than Booth, but they might toss you $20-$30k if you are lucky.


Okay, thanks! Any idea how to go about it? Phone? E-mail?
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Re: Wharton vs Booth(with $$) for Retail [#permalink] New post   21 Apr 2015, 13:51
To update my decision(as I hate threads with no final decisions!) - matriculating at Wharton!! (yayy)

I asked them to match Booth's scholarship and they refused.. but the heart wants what it wants :)
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Re: Wharton vs Booth(with $$) for Retail [#permalink]
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