lox
Folks,
I would really appreciate some advice/thoughts from you. I have been fortunate enough to have an offer from Sloan and Booth and do not know which one to go with. I am from a country in Europe where MBA’s are not commonplace and therefore not many people have a major insight into the programs.
My long-term goal is to get into VC via management consulting. Reason I want to go the consulting route as opposed to going straight for VC is that I know it is a very difficult industry to get into and at least I will always have some consulting experience to fall back on if it doesn’t work out.
I do intend on returning to my home country in approx. 10 years or so and acknowledge that MIT is probably a bigger brand outside the US but I think it will be what I did post MBA that will be of most value to me on returning home as opposed to which B-school I went to.
I think I would prefer Chicago as a B-School, both in terms of the city and my experience between the two schools whilst attending my interview but on the other hand I appreciate that VC is much bigger in Boston that Chicago and as MIT is very start-up/tech orientated, perhaps I would be better-off going there. I also think I prefer the curriculum at MIT.
My heart says Booth but my head says MIT but then when I go to decide on MIT I think back to Booth’s reputation of probably being a better as a B-school in the US which again causes me to question my decision.
I know how lucky I am to have two offers and that there probably is no wrong decision but given that I have very little in terms of a resource bank in my country to question any of the above matters I am really stuck for help.
Given a possible 3 year career in consulting will dilute any VC connections I could potentially build in Boston I am wondering am I just better off to try and place myself on the West Coast post MBA for consulting and build me network from that.
Also is Booth really more highly regarded in the US than Sloan, many independent people I have had brief conversations with seemed to think so.
Any thoughts would be greatly appreciated.
Thanks.
Congratulations on two amazing offers! Honestly you really can't go wrong. There are a few differences, though, which may be helpful to consider. If you definitely want to be in the Boston area long-term or the Chicago area long-term, it may help to consider the school which will offer the better local pedigree.
Booth and University of Chicago are especially strong in Chicago. University of Chicago is definitely a big part of city's collective identify and a degree from this institution really means something there, especially in finance circles. The Chicago business world is dominated by people who went to Kellogg and Booth, perhaps more than Boston/Harvard, SF/Stanford, Altanta/Emory, Houston/Rice, etc. People who are 100% sure that they are lifers in Chicago sometimes turn down Harvard or Stanford to attend Booth for this reason. Similarly, MIT and Sloan may resonate more in Boston than Booth, but given the other strong schools in the NE nearby that local this pedigree might not matter quite as much. Plus, there are a lot of prestigious degrees floating around in Boston generally so it's probably less of a distinction between the two but still something to consider, especially from a recruitment and alum perspective.
The other big thing you should think about is Grade Non-Disclosure, something which the two schools handle differently and something which has a giant impact on school culture. Grade Non-Disclosure (GND) is part of Booth's culture. Boothies aren't supposed to include GPA on the resumes or coverletters. There are other "signals" that they can use to message tip-top grades, but the difference between a student at the 25th percentile and the 75th percentile isn't going to be obvious to recruiters. If you are sure that you'll be at the top of your class, or you want to make academics the biggest part of your MBA experience (at the cost of say, networking/recruiting/traveling/leadership ventures/etc.), you might like being able to write "GPA: 4.2" on your resume. If you'd rather blend into the average and not worry so much about grades, or use the time when grades don't really matter to take really rigorous coursework that challenges you without having worry about making an "A" then you might prefer GND. MIT believes that students "own" their grades and can/should be able to share what they want. The result is that grades are important to recruitment and there is more competition in the classroom. Many Sloan students enjoy the rigor and healthy competition that this environment creates. Totally up to you, though, there's no "right answer" regarding GND and there's no "right answer" between Sloan and Booth. Both are excellent!