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Intern
Joined: 27 Jul 2011
Posts: 5
Concentration: Strategy, Finance
Schools: Booth '15 (M)
GMAT 1: 760 Q V
GPA: 3.8
Followers: 2

Kudos [?]: 6 [0], given: 1

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03 Jan 2013, 22:21
shazbot wrote:
Along with the general question of which school you would choose in this situation, I was also wondering:
1) Most would argue that Chicago offers a lot more than Charlottesville can in the social life/atmosphere and entertainment options categories. However, given how busy MBA students are, how much is one able to take advantage of the lifestyle perks of the school's location? Or is the answer to this as obvious as, 'dude, every weekend '?

2) At Booth, even though there is a lot of flexibility in the curriculum, do the majority of the first years still take the same fundamental classes? Basically, even though there isn't a cohort/learning team is it mostly the same students in the foundation courses?

Thanks!

1) Yes, you do get to take full advantage of the lifestyle perks of the school's location. You simply do so with your classmates. I have experienced a whole lot of Chicago's night life because of parties, TNDC, and other social events. The city is our playground.

2) Yes and no. At Booth you have to cover the foundations: micro, accounting, and stats. There are various classes that fill these requirements. Also you can take these classes when you want. In my first quarter I took micro and stats. Most of the people in my classes were also first year students. However, since there are so many sections of the basic level classes I didn't necessarily have the same people in my micro and stats classes. There were a few people I had multiple classes with. I liked having different study group members for each class. It gave me a chance to get to know more people.

I hope this helps somewhat and to see you at admit weekend. That's the best way to get a fuller picture of what Booth is like.
_________________

The Brain Dump - From Low GPA to Top MBA (Updated September 1, 2013) - A Few of My Favorite Things--> http://cheetarah1980.blogspot.com

Manager
Joined: 18 Jun 2012
Posts: 81
Concentration: Entrepreneurship, General Management
Schools: Babson '14 (M)
GMAT 1: 680 Q49 V34
GMAT 2: 730 Q48 V42
GPA: 3
WE: Marketing (Computer Software)
Followers: 1

Kudos [?]: 40 [0], given: 11

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04 Jan 2013, 09:04
Its really just one big NPV problem. It will take you a good amount of money over a good amount of time to make up the 60k difference you are facing. If you make an extra 10k a year, roughly it will take you 10 years to make the money back discounted at 10%.

But if money is no object to you and you get some sort of satisfaction and gratification from attending a more prestigous brand name, that weighs in too. And of course, the brand name is a brand name for a reason, and is one of the great schools in the country. Your experience there may be worth more than money.

Im looping around here cause I really dont think you can make a bad choice. Both are tremendous schools. Best of luck, keep us updated on your decision and how admit weekend at Booth goes.
Current Student
Status: Too close for missiles, switching to guns.
Joined: 23 Oct 2012
Posts: 787
Location: United States
Schools: Johnson (Cornell) - Class of 2015
WE: Military Officer (Military & Defense)
Followers: 17

Kudos [?]: 316 [0], given: 175

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04 Jan 2013, 09:50
Agreed that you should visit Booth first before you make your decision. You're in a great situation where you really can't go wrong, but I would tend to agree with the post above. If your goal is MC, Darden is a highly respected institution that places well into MC, although Booth has a slightly stronger brand name. But if you can get the same job (MBB/Booz/Deloitte) regardless of the school you choose, then it would be tough to turn down a full ride.
Director
Joined: 26 May 2010
Posts: 719
Location: United States (MA)
Concentration: Strategy
Schools: MIT Sloan - Class of 2015
WE: Consulting (Mutual Funds and Brokerage)
Followers: 18

Kudos [?]: 204 [0], given: 642

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04 Jan 2013, 10:27
Also, here's more food for thought based on recent employment reports:

At Booth, of the 142 students who went into consulting, 73 went to McKinsey, Bain, or BCG (51%). (source: http://www.chicagobooth.edu/employmentr ... Report.pdf)

At Darden, of the 100* students who went into consulting, no more than 35 went to McKinsey, Bain, or BCG** (35%).

*(29.3% in Consulting)(class size of 340) = 99.62; sources: http://www.darden.virginia.edu/web/recr ... t-reports/ and http://www.darden.virginia.edu/web/uplo ... rt1112.pdf
**Based on Darden data submitted to Businessweek and assuming BCG acceptances are less than 7 (source: http://www.businessweek.com/bschools/ra ... arden.html)
VP
Status: Current Student
Joined: 24 Aug 2010
Posts: 1345
Location: United States
GMAT 1: 710 Q48 V40
WE: Sales (Consumer Products)
Followers: 107

Kudos [?]: 420 [0], given: 73

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04 Jan 2013, 11:04
I'm not entirely convinced that this data is really relevant...

I'm not an expert, but I'd argue that the lower % of MBBers is likely to be an artifact of there being a higher proportion of highly qualified applicants at (the higher ranked) Booth than Darden. My guess is that this lower % is not driven by MBBs believing that having a degree from Booth makes you more qualified than having a degree from Darden...There's a reason they recruit at both schools...

Basically, I think that this applicant + a Darden MBA has the same chance of landing a MBB job as this applicant + a Booth MBA.

kingfalcon wrote:
Also, here's more food for thought based on recent employment reports:

At Booth, of the 142 students who went into consulting, 73 went to McKinsey, Bain, or BCG (51%). (source: http://www.chicagobooth.edu/employmentr ... Report.pdf)

At Darden, of the 100* students who went into consulting, no more than 35 went to McKinsey, Bain, or BCG** (35%).

*(29.3% in Consulting)(class size of 340) = 99.62; sources: http://www.darden.virginia.edu/web/recr ... t-reports/ and http://www.darden.virginia.edu/web/uplo ... rt1112.pdf
**Based on Darden data submitted to Businessweek and assuming BCG acceptances are less than 7 (source: http://www.businessweek.com/bschools/ra ... arden.html)
Director
Joined: 26 May 2010
Posts: 719
Location: United States (MA)
Concentration: Strategy
Schools: MIT Sloan - Class of 2015
WE: Consulting (Mutual Funds and Brokerage)
Followers: 18

Kudos [?]: 204 [0], given: 642

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04 Jan 2013, 21:37
4
KUDOS
Shazbot,

First of all congrats on two great admits..honestly you'll do well wherever you choose. Last year I chose Darden with a half ride over Booth with no money so I had a similar cost differential between the schools as you.

I chose Darden for a variety of reasons that I would be happy to discuss with you but think Booth is an awesome program as well. I will say one thing: a generic poll is helpful but keep in mind that many people voting on here simply will click on the higher ranked school without giving much thought.

I am recruiting for investment banking but have many friends doing the consulting route. The big 3 each are interviewing about 40 candidates this year....how many offers that results in time will tell, but Darden is a core school for all of these firms and they each have been down for informational sessions, networking, dinners, and mock case workshops multiple times this fall.

From my experience, going into finance, I shared your concern that not going to a "finance factory" like Booth would limit my options. I have my interview schedule for next week and can say from my standpoint that hasn't been the case at all. I am fully confident I would have not received as many interviews going to Booth, for a variety of reasons I would love to discuss. I frankly was shocked by how well Darden is perceived by employers after I got here.

I lived in Chicago for 10 years before moving to Charlottesville so I can comment on both cities. Chicago is my favorite city in the world but there is also something to be said for going to school in a tight college town community. I also went to U of C for undergrad, and enjoyed it a lot, and can comment on the differences in the schools.

Bottom line, though, my best advice is unless it's HBS or Stanford, when choosing between two top 15 schools, go with the school you feel you fit best at and want to spend 2 years at. If money plays a roll due to personal circumstances, great, but for me it was a sweetener, not the be all and end all. Once you get a job, no one cares about your MBA program, and as long as the company you want to recruit at treats your school as a core school (meaning they have a target number of sports per year, they recruit on campus, etc...) and employs a critical mass of alumni, then you won't be limited by your choice. Booth has some advantages over Darden and Darden has some advantages over Booth.

I'd be happy to discuss if you would like. Send me a PM if you would like me to provide a bit more detail or would like to schedule a call.
Manager
Joined: 06 Jun 2011
Posts: 149
Concentration: Entrepreneurship, Marketing
Schools: Anderson '15 (M)
GMAT 1: 730 Q48 V42
GPA: 3.5
Followers: 1

Kudos [?]: 31 [0], given: 25

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09 Jan 2013, 15:45