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24 Mar 2009, 19:09
1
KUDOS
I'd need to know more details about your goals/background/geographic preferences before I "lock in my final answer", but, barring that, I'd also go with Haas. A full ride is an awful lot of cash, and I'm not sure there is a sufficient delta to warrant giving that up.

Nonetheless, there's an awful lot going for Booth and I'm more than happy to talk to you about it anytime - both the good and the bad - feel free to PM me if you want to chat on the phone.
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24 Mar 2009, 20:22
As stated earlier Kryzak is my hero - ride the gravy train and take the money
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24 Mar 2009, 21:26
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24 Mar 2009, 22:30
1
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xenok wrote:

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25 Mar 2009, 01:21
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25 Mar 2009, 07:07
1
KUDOS
chris0813 wrote:
Thanks for the feedback!

I currently work for a PE fund of funds, which is a bit different (we analyze PE funds, not investing in companies or structuring deals). I am also working towards completing my CFA in June. I would love to get into real PE and possibly work abroad in Asia. However, given the difficulty of breaking into the PE industry, I have an eye towards other areas in finance such as IB/IM/Asset Management (which is probably still difficult in this environment)

I don't think I have super relevant experience to work in PE / IB / IM, but have some exposure and will hopefully have a CFA soon. Seems like Booth would be helpful in making a transition given its strength in finance, but maybe I can do this at Haas anyway?

(As for location, I really like both locations. Currently live in Chicago but also like the Bay Area!)

Can I have your old job?

A fund of funds is relevant work experience for any of these jobs frankly. I understand the work is fundamentally different - you are on the LP side of the deal in more ways than one - but the underlying fundamentals are similar (I would argue): You are still largely assessing performance history, underlying term sheets, management team strength, etc. Granted, we aren't talking about deal structuring here, but I think even a PASSING exposure to the issues at hand will put you a massive LEAP ahead of your peers when it comes to landing a PE job.

That said, someone raised the excellent (and sadly true) issue that the PE business is all but dead in the water right now - few, if any, firms are raising funds - most are simply nursing their investments and trying to keep the firms alive long enough to generate some semi-decent IRR. On the other hand, historically, PE firms tend to do really well in down turns (or rather the investments made in down turns are supranormal) -- not to surprising really since the purchase multiples tend to drop... so if you can get in, great.

My honest belief is that the experience you have (eg Adams Street or whatever) is more than sufficient to give you a real chance at entering these fields. The only substantial argument I could see for choosing Booth would be if the job postings in those fields were materially different (or more numerous). I'm not suggesting that they are - I don't know if thats the case - but barring that, I'd still say Haas.
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Re: Booth vs Haas ($$) [#permalink] ### Show Tags 25 Mar 2009, 09:06 1 This post received KUDOS I think it depends on what kind of firm you want to work for directly post-MBA. There is a not insignificant difference b/w these schools for top finance job recruiting. If you want to go into IB, then Haas is probably fine, though you might have an easier time at Booth. If you want IM (including Hedge Funds) Booth would be my decision. Several elite firms only come to Chicago and a few other select schools for IM recruiting (this includes firms on the West coast and in the bay area.) If you want VC then I would go to Haas. If you want PE I would probably go to Booth, but I think network is going to be more important here than which school. Disclosure: Booth admit, pre-MBA PE, post-MBA IM/HF in CA (hopefully) Manager Joined: 21 Feb 2009 Posts: 76 Followers: 0 Kudos [?]: 7 [0], given: 0 Re: Booth vs Haas ($$$) [#permalink] ### Show Tags 25 Mar 2009, 09:09 cougarblue wrote: I think it depends on what kind of firm you want to work for directly post-MBA. There is a not insignificant difference b/w these schools for top finance job recruiting. If you want to go into IB, then Haas is probably fine, though you might have an easier time at Booth. If you want IM (including Hedge Funds) Booth would be my decision. Several elite firms only come to Chicago and a few other select schools for IM recruiting (this includes firms on the West coast and in the bay area.) If you want VC then I would go to Haas. If you want PE I would probably go to Booth, but I think network is going to be more important here than which school. Disclosure: Booth admit, pre-MBA PE, post-MBA IM/HF in CA (hopefully) Agreed. Thank you. When you're in Finance, money should not be a deciding factor on where you go to school. I tried to look at this comparison by taking money out of the picture -- which is really how you should look at it. Finance people are lot more brand-oriented than other fields. Taking$100k over a better brand would be a very short sighted decision if you plan to spend your whole career in Finance.
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Re: Booth vs Haas ($$) [#permalink] ### Show Tags 25 Mar 2009, 15:14 lsuguy7 wrote: lars23 wrote: Don't be short-sighted. Take the Booth offer. Brand name and network goes much farther in life than 100K. Besides, if you work in a decent job, you'll make it up in a few years or less. Do you really want to look back on life and say, 'maybe I should have went to Booth'? I hope one of the admin moves this to the BW forum. I wonder if I'll be saying I should have went to Booth? I think Chicago is an amazing school but I'm not sold on a school making you a success because of brand name and network. I work for a company that hires both Chicago and Haas grads into it's rotationary programs and they make exactly the same amount of money, move through the ranks at the same speed, so at that rate you'd never make up that 100k. I work in investment banking and we bring in more Booth students than Haas. Sure, when you get in, you will make the same as your peers. But what if we chose a Booth student over a Haas? Well, that Booth student will make up the 100K deficit in 2 years (would have been +100K surplus in 1.5 years of work before the market crash). Re: Booth vs Haas ($$$) [#permalink] 25 Mar 2009, 15:14 Go to page 1 2 Next [ 30 posts ] Similar topics Replies Last post Similar Topics: 1 Haas vs Booth 6 07 May 2017, 10:34 6 Booth($$) vs Haas for tech strategy? 10 28 May 2015, 13:30 Where to Apply? Booth vs Haas vs Duke vs UCLA vs UVA vs UNC 5 17 Oct 2014, 06:40 1 Haas ($$) vs Booth 2 24 Apr 2014, 07:44 7 Berkeley-Haas or Chicago-Booth? 20 11 Feb 2017, 13:40 Display posts from previous: Sort by # Booth vs Haas ($)

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