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Babson?

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Babson? [#permalink]

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New post 15 May 2017, 08:59
So I was accepted at Babson (no scholarships or aid) for a 2 year MBA in round 3. I have an admit from Pepperdine (no aid/scholarships) for the 2 year MBA but I have deferred my admission to next year. Should I go ahead and join Babson (I'd be taking a huge loan) or join Pepperdine next year after I've saved up enough to cut down on my loan amount? Which would give me a better ROI?

My background:
GPA 3.2, B.A Economics + a Masters in Mass Communication
GMAT 590
9.5 years experience in Communications, Branding, etc
Indian Citizen (therefore visa may be a problem)
Goal: move to Marketing Management/Strategy

When I calculated the total costs (including expenses) it's about 160,000 for Babson (Tuition + Expense = 112,672 + 50,000) vs around 140,000 for Pepperdine.
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 [#permalink]

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New post 15 May 2017, 09:12
Quick question - have you tried retaking the GMAT? Or is it not an option to retake?

I am pretty confident you can get 50% scholarship at both of those programs with a 700+ score.

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Re: Babson? [#permalink]

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New post 15 May 2017, 09:27
bb

I got a 590 on my second try - not that its an achievement but I did study on my own without the help of a prep company/tutor (on hindsight that was a bad idea).
Plan B is to sign up with a Prep company and attempt again, but by then I'd have about 10.5 years experience and be in my mid thirties which may work against me.
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New post 15 May 2017, 09:45
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Yes, age does make a big difference.

An interesting trend at Babson - 70% are international students, heavily weighted in Indian nationals. I don't know how you feel attending a school in the US where most students are not from the US. I have a bit of a mental block with that since I would be going to get an American education and immerse myself into the culture but you will definitely be in the same boat as the majority of folks there. Pepperdine has 40% international, heavily weighted towards Chinese nationals.
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New post 16 May 2017, 00:29
bb

I'm okay with Indians as classmates, I probably would hang out with the rest 30%! It's not exactly a deal breaker in the larger scheme of things (unless I'm missing something!) - I think what i really need to decide on is whether I should pick Babson or Pepperdine based on the quality of education and the placement record including starting salary. What do you think?
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New post 16 May 2017, 04:03
In 2 folds here is what I think about Babson and Pepperdine-->

ONE -->It is a fabulous school if you are currently an entrepreneur and more likely will return to your business after the MBA.
They will teach you everything form A through to Z about how entrepreneurs breathe in the real world.
It has been ranked number one beating the Giants in this field.

So hands down it is the best entrepreneur school in the US.
I have heard that they also allocate funds to first year students to use the skills in real life.





Now, what hits me is your reason of going to BABSON.
Lets gets one thing straight => NOBODY and I mean NOBODY goes to Babson expecting a Post MBA 9-5 Job.
You will not only be spoiling your MBA experience but also for others who went to Babson for the right reasons.

So incase you are thinking of choosing Babson to get a post MBA job in say consulting to product management ==> AVOID.
Finally read this up and decide -->
https://gmatclub.com/reviews/comments/b ... -345350379


Also its a school with 70% acceptance rate.
I mean common..!!!


TWO--> Don't get me started on Pepperdine.
Although it is located in probably one of the most beautiful places on earth==> It is a not a healthy program at all.

They might sugarcoat it by giving you 50 percent or 60 percent scholarship.

But to be honest it would be a huge waste of money and time.

If you were a native US citizen then Pepperdine would have made sense.
But you are not.


My advice => I know it would be difficult to set your mind on giving the GMAT again => But that is the only viable option.
There are so many great programs in TOP 50 MBA's in US.
You just need to hit a 630-650.

I am not great at taking these tests either, so I can understand what you must feel like.
All we can do is try with everything we have got :)

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New post 19 May 2017, 01:56
stonecold

Thanks for that analysis! I do want to work in a start up - wouldn't babson help me in that sense?
I know, I'm not sold on Pepperdine either.

Anyway, unless I can get any financial help, Babson is a no go either.

Any suggestions on a good prep company? I wanted to sign up for the Online Manhattan (US, not the Manya) but it's like INR 65k. I've heard Manya Manhattan (Indian sub-division) isn't great...

Let me know!
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New post 19 May 2017, 02:10
Sushim wrote:
stonecold

Thanks for that analysis! I do want to work in a start up - wouldn't babson help me in that sense?
I know, I'm not sold on Pepperdine either.

Anyway, unless I can get any financial help, Babson is a no go either.

Any suggestions on a good prep company? I wanted to sign up for the Online Manhattan (US, not the Manya) but it's like INR 65k. I've heard Manya Manhattan (Indian sub-division) isn't great...

Let me know!



Talking about awarding scholarships => Babson is one of those schools who is known to not award much of it.
Very few people get the aid.Its rare.
On top of that => They don't even award full scholarship to any candidate.
Tha max you can get is 65k.

And Babson is probably one of the most expensive B-schools if not the most.


Now, speaking about getting into any industry be it startup or a established MNC => Babson isn't gonna help.

Its acceptance rate for the MBA is 70%. Doesn't it tell you about the kinda of atmosphere?

Also majority of the students are international, and it is not helpful.


To sum it up => Babson is a Cop out for most international candidates who have GMAT's in 550-600's to 615's.
Its not worth it if you are seeking post MBA employment in any industry.

The only person for whom Babson would make sense is an entrepreneur who is looking to go back to his/her business in a couple of years.


Speaking about Test prep companies.
I would say => For quant, start the MGMAT guides.Then solve questions on the GMAT-club forum using tags. Additionally make sure you are following Bunuel on the forum.
He posts questions everyday.
You just have to keep to it.
No courses needed for Quant.

For verbal get a Verbal online course.
Maybe a E-gmat or MGMAT.
Both would be fine.


Regards
Stone Cold


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Re: Babson? [#permalink]

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New post 19 May 2017, 14:31
Sushim wrote:
stonecold

Thanks for that analysis! I do want to work in a start up - wouldn't babson help me in that sense?
I know, I'm not sold on Pepperdine either.

Anyway, unless I can get any financial help, Babson is a no go either.

Any suggestions on a good prep company? I wanted to sign up for the Online Manhattan (US, not the Manya) but it's like INR 65k. I've heard Manya Manhattan (Indian sub-division) isn't great...

Let me know!


Your question should start with what materials you have used and how much you have improved already. I would stay away from local prep companies. A good set of books or an online course is better and probably cheaper.


FYI - just to clarify: There are 2 companies that you are probably confusing - Manhattan GMAT (Manhattan Prep) and a very different company called Manhattan Review.
You want to go with Manhattan GMAT (Manhattan Prep) - https://www.manhattanprep.com/gmat/ they DO NOT have any Indian Sub-divisions. There is only one company and they don't partner with local companies of any kind. Some prep companies try to capitalize on this confusion.
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Re: Babson? [#permalink]

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New post 21 May 2017, 01:16
Right.. I should've figured when I read MGMAT :)

So yeah, Manhattan is about 65k for the entire course ($100). I think timing is an issue when I take tests :(

bb, stonecold:
Btw, on a different topic - is there a correlation between GPA and GMAT scores? I mean, for example - a person with 4.5 GPA in high school would naturally get a 650 GMAT score. Wouldn't that increase predictability of the test?
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New post 21 May 2017, 10:04
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Sushim wrote:
Right.. I should've figured when I read MGMAT :)

So yeah, Manhattan is about 65k for the entire course ($100). I think timing is an issue when I take tests :(

bb, stonecold:
Btw, on a different topic - is there a correlation between GPA and GMAT scores? I mean, for example - a person with 4.5 GPA in high school would naturally get a 650 GMAT score. Wouldn't that increase predictability of the test?


As to a correlation between GMAT and GPA - not always but in 80% of cases it would hold true. GMAT aims to solve a different issue however.
GMAT is a very different test than college tests and exams where grades consist of a variety of grading elements (papers, tests, quizzes, and participation. Sometimes just coming to every class gets you a B). Moreover, with a variety of educational institutions and rigor of the grading system, someone getting a 4.0 GPA is a small state school may not be a fair comparison to someone in a highly competitive institution. It also depends on the class and individual professor - your 3.0 GPA is only comparable to people who have taken the same classes from the same professors. GMAT tries to level the playing field.... and if someone with high GPA complaints about the hassle of the GMAT, well, they should do well of all the people.
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Re: Babson? [#permalink]

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New post 26 May 2017, 12:43
I would suggest retaking the GMAT even as an older applicant, you can save yourself money, keep the pepperdine option open and potentially get a few other admits
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Re: Babson?   [#permalink] 26 May 2017, 12:43
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