In less than 24 hours, I owe a $4,500 deposit to Tuck. A couple weeks ago I got to the point where I was about 75% sure that I preferred Tuck over Anderson. Recently it got down to 50/50. The first weekend after I was accepted, I made a list of all of the perceived advantages of each:
RANKINGS
Tuck is unambiguously higher ranked. It not only has a higher Poets & Quants aggregate ranking, but also a higher ranking with each of the major rankings. In fact the only way combination that defies this is that The Financial Times has Tuck at #13 while The Economist has Anderson at #10.
FAVORS: TUCK
EXCLUSIVITY
Anderson is more selective (and therefore sought after by applicants) with only 17.8% admitted vs. Tuck's 22.1%. However when it comes to actual yield, 52.2% of Tuck admits enroll vs. 48.2% of Anderson's. GMAT scores are almost the same and GPAs are the same.
FAVORS: TIE
COSTS
Between a $22,462 difference in tuition, further exacerbated by a $5,774 in-state discount (I am a CA resident), and a $60,000 fellowship offer, an Anderson education costs some $88,236 less than one from Tuck.
FAVORS: ANDERSON
WEATHER
The guy who does the hotels.com commercials told me that Los Angeles has better weather than Hanover. More specifically LA has 183 "nice" days per year, while Hanover has only 36.
https://kellegous.com/j/2014/02/03/pleasant-places/FAVORS: ANDERSON
EMPLOYMENT
I'm a manufacturing (aerospace & defense) guy with a finance background. At Tuck I could either recruit for consulting (34%) or financial services (24%), either one with an emphasis on the aerospace industry. Anderson's primary industry is Technology (31%), which really doesn't suit me. Further, Tuck graduates earn an average of $148,025 vs. $132,827 at Anderson (thereby eating into the cost difference pretty quickly).
FAVORS: TUCK
CLASS PROFILE
Tuck has smaller class size (285 vs. 360) and more women (44% vs. 32%). Anderson has an average age equal to mine (29 vs. 28 at Tuck), and 38% international students vs. Tuck's 34%. Students at both schools average 5 years of prior work experience.
FAVORS: TIE
INTANGIBLES
Anderson's location is easier to move to (I already live in Southern CA), easier to keep in touch with home (Seattle and Southern CA), gives me the opportunity to do some consulting for those already in my network to make some money on the side, and has a stronger brand in its region--a region that I really love. Tuck's 100% dedication to the full-time program, difference from my undergraduate experience (the University of Washington is also a strong public school located on the west coast), national and international network, and dedicated residence from MBA students counters.
FAVORS: SEE BELOW
CONCLUSION
I knew before I applied that this would be a tough choice because neither school was clearly better for me than the other. I talked to a lot of people affiliated with each. In many cases they told me about the same strengths--the cohesiveness of the respective student bodies. I've determined that my ultimate success will have a lot more to do with what I do in school and thereafter than which one I choose to attend.
The other thing I learned is the importance of the alumni networks. Both schools sell theirs pretty hard. What I did was check both of their employment reports and LinkedIn pages to find out where the alumni started and live now. For Anderson, over 75% of graduates wound up in California, with 71% of alumni reporting a California presence on LinkedIn. For Tuck it's 51% of fresh graduates to the northeast, with 46% of all alumni reporting New York and Boston. With that all of this, I came to the conclusion that although I love southern California, it's probably just one of many great places to wind up, so why limit myself? This lifetime west-coaster wants to go explore the rest of the country and world!
Am I making a mistake when Anderson seems like the cheaper, easier, lower risk choice? Maybe. You tell me. I've still got a few more hours*
*Or if I end up changing my mind, it will just reduce the cost difference from $88k to $84k when I lose my deposit. Maybe Anderson's Admit Preview Day on Feb 3 will be what turns me.