madgabriel wrote:
Thanks to all of you who have answered. Your input is very valuable to me.
With regards to
bb, I have almost 8 years with the girl, and she is soon to be my fiancé, so... it should be a decision we make together. Having that said, she is a doctor and she is doing a graduate program as well, so it is not like we are going to hang out a lot even if we live in the same city. I have talked about this with her, and she would support any decision I make. Thanks a lot for your comments.
Thanks a lot to you too, guys (
Mo2men,
ENGRTOMBA2018 and
Wilch). I have crunched my numbers and even with less scholarship, the New Haven experience is slightly cheaper. Therefore, I know I could do what
Wilch suggests but I do not think it would change my mind about going to Booth. Right now I feel I am almost decided to go to Booth, but also waiting for Columbia. Somehow I feel recruiting for IB in NYC should be more natural living in NYC, but I might be wrong. The way I see the MBA is as an educational vehicle that will put me in the road to success at my career goals. Once I get the job, it is more up to me than the school I graduated from. At least, that's the way I see it.
anamika4, pretty straightforward question. It is nice to meet you, too. I will share my story when I decide where to go.
I think if you're dead set on IB, you should do a bit of due diligence and ask alumni or current students about rate of offer and travel.
Rates: I feel like if you're extremely well prepped, a top 10 school can get you into pretty much any firm you'd like, GS, MS, or great boutiques like Evercore, Moelis, PWP. With that said, I almost feel like there's some level of nepotism in IB hiring & people do care about brand (more so than other industries), especially when people interviewing you are mostly from business schools. BB banks should be littered with Boothies and CBSers, but do talk to people to get a feel for how much their brand name helps. Anyone who's truthful about their experience will look to share the downsides rather than giving you a rosy picture, you should keep that in mind when talking to these people.
Travel: I have friends from various schools who recruited for IB - you'll need to head over to NYC (unless you're looking elsewhere) frequently regardless of where you are. Frankly speaking, IB recruitment is just a painful process, even for an onlooker such as myself. Friends at Yale who recruited for IB are in NYC a good 4 days a week; that's 16 hours a week just on metro north, not including the round trip between Grand Central and whichever banks they choose to visit for the day. Taking a 1/2/3 train downtown vs. flying out of ORD is a big difference. I think you pay all travel costs out of your pocket, so keep that in mind.
For the record, I love Booth and would go there over CBS for several personal reasons, but I think it's important to consider your situation & what your values are before you make a decision.
Ideally, CBS offers you more scholarship and you take it back to Booth and ask for more. In fact, you can ask Booth for more just because you have other offers. The one thing I regret is not asking for more before accepting my offer (rectified that issue during my full time job search
).