josiebella
SalarymanJ
Did you apply to columbia in the ED round cause if so personally I think you are obligated to go to Columbia from a moral standpoint. Other question is what career path are you choosing and what company are you looking to work for? Do they recruit at both?
Posted from my mobile device
Nope, RD! I am choosing brand management as my career path and as I understand it, they are about even in that area. I am also looking to stay in consumer products / luxury products (my background) and I do believe the major players recruit at both. I think I am going to call Columbia and see if they will award me anything given this situation....hmm.
There's a relevant discussion in the Booth Full Ride ($$$) vs HBS thread. Similar to your situation -- both top schools, HBS is ivy and considered a bit more prestigious though job prospects from both are probably very similar.
The conventional wisdom is that you shouldn't let scholarship money influence your decision if you would definitely choose the non-$$ school if scholarships weren't in play. In other words, if CBS is the right school for you, go to CBS as the $25K or $50K isn't a lot in the big picture, whereas going to the right program will benefit you greatly in the long run.
However, someone brought up a really interesting point in that thread (rhyme perhaps?). That was, the votes seemed to generally align between alums vs prospective students (one could also view it as pragmatists vs idealists). Those who have completed bschool largely voted for the pragmatic choice of Booth w/ $$ and prospective students largely voted for HBS (initially I did). The people who have been there and done that seem to have concluded what VictoryMBA did -- the Ivy shine wears off -- that holds a lot of weight with me.
So, I would propose the decision tree to look something like this:
(In terms of money, I echo what someone said earlier, there is $, $$, and $$$, and this is $$)
If faced with School A no $$ vs B w $$:
(i) If B > A -> B
(ii) If B = A -> B
(iii) If B < A but only because slight prestige factor but both programs are great for your goals -> B
(iv) If B < A for substantive reasons -> A
In your case JB, it seems that the situation is (iii), so I would go with NYU if I was you. However, I like your idea of throwing the option to CBS to woo you, and if the money is the same or better then that changes things.