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Clastics
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Joined: 11 Oct 2016
Last visit: 09 Oct 2020
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Schools: HBS '19 (D) Wharton '19 (D) Booth '19 (A) McCombs '19 (A)
GPA: 3.6
Schools: HBS '19 (D) Wharton '19 (D) Booth '19 (A) McCombs '19 (A)
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Energy: UT-McCombs ($$) or Booth 06 Jan 2017, 14:07
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28 YO, in O&G, 5 years experience. Employed as a Reservoir Engineer (subset of petroleum engineering) for a Major (think Exxon, Chevron).

Desire to stay in O&G and eventually secure a spot in either (i) a MBA leadership development program for a Major or (ii) an Acquisitions & Divestiture role for an Operator, Energy PE shop, or PE backed private company.

Love my current role and looking for an * to enable a logical progression, instead of a big change. Already make good money ($130k salary + $30k marginal cash comp). Already, have a masters in Petroleum Engineering.

No $ from Booth
Free tuition at McCombs FT
Company would sponsor 3/4 tuition for McCombs PT

Am I crazy for leaning towards McCombs FT? Would the PT program preclude placement in a MBA leadership development program or PE?
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Porkbun123
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Schools: Yale '19 (M)
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Energy: UT-McCombs ($$) or Booth 06 Jan 2017, 15:36
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This is a no brainer for mccombs. UT Austin is king in Texas, and you're not looking to go into MBB consulting or Elite banking where booth has a noticeable advantage. Plus, don't underestimate how much effort it takes to pay down COA for two years. Heck, since you're looking to move up even part time looks better than Full time given you don't need to sacrifice pay.
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Mo2men
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Energy: UT-McCombs ($$) or Booth 06 Jan 2017, 17:19
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You are not crazy at all. McCombs is the right place for energy as you will be in hub of the energy industry. I believe the Pt will make sense for you. Your salary is higher than the median salaries published in McCombs report ( $115,000). So no need to loose money for 2 years in FT study. You can still work, earn money and got your MBA with paying only 25% of tuition. It is great deal.

Good luck
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TXRock
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Energy: UT-McCombs ($$) or Booth 07 Jan 2017, 15:16
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Are you in Houston? I would lean towards the Houston part time program personally. You get to keep your salary, 3/4 of tuition covered, and can hopefully leverage it for a new role at graduation. Who knows where the energy industry will be in two years or what kind of hiring freezes might be going on at majors.

From what I've heard recruiting opportunities are better out of a FT program, so it'd make sense if to go FT if you're wanting to transition to something potentially new.

I'm doing full time but I:
1) Don't live close to a part time location
2) Make <$100,000
3) Work for a no name company with lousy benefits and few advancement opportunities, I think my ability to transition to a new role post MBA from a part time program would be more difficult.
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beefphoforthewin
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Schools: Booth '19 (A) Kellogg '19 (I) Tuck '19 (I)
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Schools: Booth '19 (A) Kellogg '19 (I) Tuck '19 (I)
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Energy: UT-McCombs ($$) or Booth 08 Jan 2017, 07:34
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It all depends on what you want to do

Stay at your company: Part-time Mccombs
Get a different job in petro: FT Mccombs
Get a different job altogether: Booth

Post graduation, you probably will be recruiting for Sr. Manager position and any tuition will look like chump change then
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