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03 Apr 2022, 18:39
Kudos
Bookmarks
Hi all -
I am very, very fortunate to have been accepted to CBS with a full ride and to Wharton with a $120k scholarship. I work in education and plan to pursue a social impact role post-MBA. To my knowledge, neither school is very 'social impact'-focused, so I am not sure which program to pursue. Also, my CBS scholarship is through The Consortium, which opens up that network and the possibility to make internship contacts the summer before I start at business school. It's very attractive to me to have access to both CBS and The Consortium network, but I don't know if they are worth more than the Wharton network.
Any advice? I'd greatly appreciate it!
Thank you!
I am very, very fortunate to have been accepted to CBS with a full ride and to Wharton with a $120k scholarship. I work in education and plan to pursue a social impact role post-MBA. To my knowledge, neither school is very 'social impact'-focused, so I am not sure which program to pursue. Also, my CBS scholarship is through The Consortium, which opens up that network and the possibility to make internship contacts the summer before I start at business school. It's very attractive to me to have access to both CBS and The Consortium network, but I don't know if they are worth more than the Wharton network.
Any advice? I'd greatly appreciate it!
Thank you!
03 Apr 2022, 19:55
Kudos
Bookmarks
Congrats on your admits!
I could make an argument for either program really 😇 part of the challenge is to figure out what specifically social impact implies and what employers you would be targeting. Sometimes it means NGO’s, sometimes socially responsible IB, and sometimes it means working for Amazon or Microsoft in their Social impact teams. The sooner you can zero in on the track you would like to pursue, the more successful you will be. You probably have already but I am just saying since I was under the impression that once I am in Bschool I will figure this part out. It got only messier with time for me 😂
Columbia:
If you are planning to pursue social impact, it is fairly competitive on the MBA level. Many are surprised by this but there are not that many charities that need a $150k/year MBA. Many are very sensitive to personnel costs as well to minimize the admin portion of the organization and to maximize their impact. This is for the NGO side. At the same time there are some socially responsible investment funds, businesses, etc that may be an option. It really depends on the role and industry but you are likely forego some of your income and thus having less debt could make this career more feasible.
I would also say that if you are thinking of staying in Nee York, Columbia would offer a great network. At the same time it has a strong global name if you engage with an international organization. Lots of UN and NGO orgs in NYC and DC if that’s the side you are looking at. Consortium network is a plus
Wharton:
Great ranking and only $60k bump to the cost of Columbia. With a lower cost of living you may be down to $40k of a difference. That’s the price of a used Prius these days (just kidding but not really).
If you are considering finance or investing, can’t find a stronger school and program for that probably. Very strong name. More exclusive network (15% more exclusive? No idea how to measure it or evaluate it but you are a part of the HSW and that’s worth something.
In general the cost difference does not seem big enough to justify not being a part of the exclusive HSW group and is def worth it if you are considering a finance career. Your trade offs will be Philadelphia vs NYC. If you are planning to be in New York, I would probably lean towards Columbia.
Posted from my mobile device
I could make an argument for either program really 😇 part of the challenge is to figure out what specifically social impact implies and what employers you would be targeting. Sometimes it means NGO’s, sometimes socially responsible IB, and sometimes it means working for Amazon or Microsoft in their Social impact teams. The sooner you can zero in on the track you would like to pursue, the more successful you will be. You probably have already but I am just saying since I was under the impression that once I am in Bschool I will figure this part out. It got only messier with time for me 😂
Columbia:
If you are planning to pursue social impact, it is fairly competitive on the MBA level. Many are surprised by this but there are not that many charities that need a $150k/year MBA. Many are very sensitive to personnel costs as well to minimize the admin portion of the organization and to maximize their impact. This is for the NGO side. At the same time there are some socially responsible investment funds, businesses, etc that may be an option. It really depends on the role and industry but you are likely forego some of your income and thus having less debt could make this career more feasible.
I would also say that if you are thinking of staying in Nee York, Columbia would offer a great network. At the same time it has a strong global name if you engage with an international organization. Lots of UN and NGO orgs in NYC and DC if that’s the side you are looking at. Consortium network is a plus
Wharton:
Great ranking and only $60k bump to the cost of Columbia. With a lower cost of living you may be down to $40k of a difference. That’s the price of a used Prius these days (just kidding but not really).
If you are considering finance or investing, can’t find a stronger school and program for that probably. Very strong name. More exclusive network (15% more exclusive? No idea how to measure it or evaluate it but you are a part of the HSW and that’s worth something.
In general the cost difference does not seem big enough to justify not being a part of the exclusive HSW group and is def worth it if you are considering a finance career. Your trade offs will be Philadelphia vs NYC. If you are planning to be in New York, I would probably lean towards Columbia.
Posted from my mobile device
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