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burningcole
Joined: 23 Dec 2013
Last visit: 11 Jun 2015
Posts: 60
Own Kudos:
Location: United States
Concentration: Finance, Strategy
GMAT 1: 720 Q49 V38
GPA: 3.1
WE:Other (Real Estate)
14 Jan 2015, 16:39
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I applied to three schools, Kellogg, Texas (McCombs), and Foster (Washington). I was rejected at Kellogg, Wait-Listed at McCombs, and admitted to Washington with $$. I have already accepted and put down my deposit for Foster. Subsequently, Kellogg has reached out to me indicating that I was competitive and that they would love for me to consider their part-time program.
Foster:
Pros: 1) Originally from the Seattle area, parents still live there
2) Seattle is awesome! Snowboarding, awesome weather, no state income tax
3) Full-time: Internship, all the extra curriculars, on-campus recruiting, entrepreneurial center
4) Money: Awarded in-state tuition and decent scholarship for 1st Year
5) Potential Money: Some opportunities to make decent money during program (keeping internship during 2nd year since most people intern in Seattle) and/or earn tuition waivers (fellowships, T.A.)
6) Tech/Start-Up Scene, Amazon, Microsoft, etc.
7) Already accepted and put down my deposit
Cons: 1) Full-time: Give up two years of earnings
2) Reputation is regional, somewhat mitigated that I love Seattle and would be perfectly content staying in Seattle
3) Minimal MBB opportunities and Finance recruiting; although, BCG apparently recruited on campus and opportunities at Deloitte, Accenture, PWC, etc.
4) Location: Although, I love Seattle the vast majority of my friends and network is located in Chicago
Kellogg:
Pros: 1) Accelerated: I could potentially be done in 5 quarters (including summer quarters) or 1.25 years; also can save 25% of tuition by doing accelerated
2) Location: Chicago
3) Reputation
4) Keep working; although current job would not pay for anything nor would it help my current job; I have some flexibility so I can make it to class; would at least be able to afford rent, insurance, books
5) My deposit to Foster was relatively minimal in the grand scheme of things
Cons: 1) Part-Time: No internship (although potentially I could try and get an internship); different recruiting opportunities
2) Cost: Potentially way more expensive or more-or-less equivalent to Foster
3) Probably means I'm "stuck" in Chicago... although potentially could just pick up and move after graduation
4) Might need to find a newjob with fixed salary or job that will pay for tuition to make it worth it
Texas (McCombs) on wait-list but Washington offer trumps paying full-boat / out-of-state at McCombs. Thought about applying to Booth, Tuck, or Fuqua but if I got in they wouldn't give me any money.
Foster:
Pros: 1) Originally from the Seattle area, parents still live there
2) Seattle is awesome! Snowboarding, awesome weather, no state income tax
3) Full-time: Internship, all the extra curriculars, on-campus recruiting, entrepreneurial center
4) Money: Awarded in-state tuition and decent scholarship for 1st Year
5) Potential Money: Some opportunities to make decent money during program (keeping internship during 2nd year since most people intern in Seattle) and/or earn tuition waivers (fellowships, T.A.)
6) Tech/Start-Up Scene, Amazon, Microsoft, etc.
7) Already accepted and put down my deposit
Cons: 1) Full-time: Give up two years of earnings
2) Reputation is regional, somewhat mitigated that I love Seattle and would be perfectly content staying in Seattle
3) Minimal MBB opportunities and Finance recruiting; although, BCG apparently recruited on campus and opportunities at Deloitte, Accenture, PWC, etc.
4) Location: Although, I love Seattle the vast majority of my friends and network is located in Chicago
Kellogg:
Pros: 1) Accelerated: I could potentially be done in 5 quarters (including summer quarters) or 1.25 years; also can save 25% of tuition by doing accelerated
2) Location: Chicago
3) Reputation
4) Keep working; although current job would not pay for anything nor would it help my current job; I have some flexibility so I can make it to class; would at least be able to afford rent, insurance, books
5) My deposit to Foster was relatively minimal in the grand scheme of things
Cons: 1) Part-Time: No internship (although potentially I could try and get an internship); different recruiting opportunities
2) Cost: Potentially way more expensive or more-or-less equivalent to Foster
3) Probably means I'm "stuck" in Chicago... although potentially could just pick up and move after graduation
4) Might need to find a newjob with fixed salary or job that will pay for tuition to make it worth it
Texas (McCombs) on wait-list but Washington offer trumps paying full-boat / out-of-state at McCombs. Thought about applying to Booth, Tuck, or Fuqua but if I got in they wouldn't give me any money.
14 Jan 2015, 21:53
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Tough decision. What do you want to do post-MBA? Do you want to live in Seattle/SF/LA or Chicago/NYC/Boston?
Kellogg is obviously the better school brand & network, but their part-time MBA will require you to do your own recruiting and preempts nearly all opportunities in consulting/banking (you mentioned MBB).
I've never heard of Foster until today, but I've seen people go to modest schools and find excellent local industry jobs. Foster's employment report isn't bad if you want to do sales or marketing. You might also be able to make it into consulting. I see 21-27% of 2014 class went to consulting and Deloitte/PwC/McKinsey are listed as hiring firms for the classes of 2014 & 2015.
Lastly, what is your opportunity cost of working and the difference in overall tuition? The higher the following value is, the more I would lean towards Kellogg PT: (your post-tax salary) * (18mos.) - (Kellogg tuition) + Foster tuition
Kellogg is obviously the better school brand & network, but their part-time MBA will require you to do your own recruiting and preempts nearly all opportunities in consulting/banking (you mentioned MBB).
I've never heard of Foster until today, but I've seen people go to modest schools and find excellent local industry jobs. Foster's employment report isn't bad if you want to do sales or marketing. You might also be able to make it into consulting. I see 21-27% of 2014 class went to consulting and Deloitte/PwC/McKinsey are listed as hiring firms for the classes of 2014 & 2015.
Lastly, what is your opportunity cost of working and the difference in overall tuition? The higher the following value is, the more I would lean towards Kellogg PT: (your post-tax salary) * (18mos.) - (Kellogg tuition) + Foster tuition
sab7a
Joined: 23 May 2012
Last visit: 05 Jul 2020
Posts: 58
Given Kudos: 7
Concentration: General Management, Technology
Schools: Cambridge'16 (WD) IESE '16 (M) LBS '17 (D)
GPA: 3.25
WE:Engineering (Telecommunications)
15 Jan 2015, 14:58
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burningcole
You missed the Seahawks and the Sounders in the Pros section burningcole
As you said, Deloitte & Accenture are big in Seattle. There are many other boutique consulting firms too. In finance, all I know is that Amazon and Microsoft hire a lot of MBA Finance Managers.
One thing to add about Foster is that the students' average age & work experience are higher than the students' average in US schools. I see this as a plus because you will learn a lot from other students when you are in Foster's collaborative environment
If money is a big concern then go for Foster.
If I were you, i would give it a try with Tuck or Booth. Or maybe both. If it doesn't work out then do Foster.
