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Help with a Tough Decision...

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Intern
Status: Deciding...
Joined: 17 Sep 2012
Posts: 5
Location: United States
Schools: Rice / UT Austin / TCU / SMU
Concentration: Strategy, General Management
GMAT 1: 750 Q46 V48
GPA: 4
WE: General Management (Education)
Followers: 0

Kudos [?]: 5 [0], given: 1

Help with a Tough Decision... [#permalink]

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06 Dec 2012, 13:16
So I find myself ruminating over the decision I must make for my full-time MBA:

TCU Neeley: Full ride + fees (44k/year) + stipend (5k/year)

Rice Jones: 36k/year scholarship (which leaves ~14k/year + the lack of a stipend...so almost 40k more of debt)

Thus the dilemma. It's also worth noting that no matter what, I'll need student loans for cost-of-living expenses each year. So...how much more is being able to say "I went to Rice" worth?

Thanks in advance for your insight and help with this difficult decision!
Manager
Joined: 15 Oct 2012
Posts: 82
Location: Guatemala
Concentration: Operations, Strategy
GMAT 1: 660 Q46 V35
GRE 1: 318 Q160 V158
GRE 2: 318 Q160 V158
GPA: 3.21
WE: Business Development (Aerospace and Defense)
Followers: 1

Kudos [?]: 11 [0], given: 2

Re: Help with a Tough Decision... [#permalink]

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06 Dec 2012, 13:38
If you want to stay in Texas only a slight bump since TCU has great recruiters and is slowly rising in prestige. If you want to go outside of Texas Rice is worth it.
Intern
Status: Deciding...
Joined: 17 Sep 2012
Posts: 5
Location: United States
Schools: Rice / UT Austin / TCU / SMU
Concentration: Strategy, General Management
GMAT 1: 750 Q46 V48
GPA: 4
WE: General Management (Education)
Followers: 0

Kudos [?]: 5 [0], given: 1

Re: Help with a Tough Decision... [#permalink]

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06 Dec 2012, 13:43
fv113 wrote:
If you want to stay in Texas only a slight bump since TCU has great recruiters and is slowly rising in prestige. If you want to go outside of Texas Rice is worth it.

I do intend to keep my permanent residence in Texas and I'd like to be based out of here long-term, though I'll of course follow the opportunities. And what you say about TCU rising is actually one of the reasons it also appeals to me (being part of a growing school - #1 fastest rising by Forbes - as opposed to one already established). I suppose then my concern would be if staying in Texas, is Rice so much more of a bump - in terms of opening doors and starting salaries as a consultant - that the 40k would be negligable after a few years?

Maybe I'll just cut myself in half and go to both.
Manager
Joined: 15 Oct 2012
Posts: 82
Location: Guatemala
Concentration: Operations, Strategy
GMAT 1: 660 Q46 V35
GRE 1: 318 Q160 V158
GRE 2: 318 Q160 V158
GPA: 3.21
WE: Business Development (Aerospace and Defense)
Followers: 1

Kudos [?]: 11 [0], given: 2

Re: Help with a Tough Decision... [#permalink]

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06 Dec 2012, 13:46
Good points. Unless you were interested in the oil/gas industry I would go with TCU but you might want to talk to a student there and see how they are liking it and working out for them.
Intern
Status: Deciding...
Joined: 17 Sep 2012
Posts: 5
Location: United States
Schools: Rice / UT Austin / TCU / SMU
Concentration: Strategy, General Management
GMAT 1: 750 Q46 V48
GPA: 4
WE: General Management (Education)
Followers: 0

Kudos [?]: 5 [0], given: 1

Re: Help with a Tough Decision... [#permalink]

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07 Dec 2012, 07:58
fv113 wrote:
Good points. Unless you were interested in the oil/gas industry I would go with TCU but you might want to talk to a student there and see how they are liking it and working out for them.

Also, I wonder if the Rice name behind me is more important specifically for the field in which I intend to work: Management Consulting. Does anyone have any experiences with how having/not having a more prestigious university behind them has affected job searches and earning potential? (I know TCU is a good school, but I wonder if having "Rice" on my MBA degree will significantly influence my lifetime earning potential.)
Director
Status: Can't wait for August!
Joined: 13 Sep 2011
Posts: 988
Location: United States (MA)
Concentration: Marketing, Strategy
GMAT 1: 660 Q44 V37
GMAT 2: 680 Q45 V38
GMAT 3: 710 Q45 V42
GPA: 3.32
WE: Information Technology (Retail)
Followers: 24

Kudos [?]: 350 [0], given: 109

Re: Help with a Tough Decision... [#permalink]

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07 Dec 2012, 08:25
pmaltacct wrote:
fv113 wrote:
Good points. Unless you were interested in the oil/gas industry I would go with TCU but you might want to talk to a student there and see how they are liking it and working out for them.

Also, I wonder if the Rice name behind me is more important specifically for the field in which I intend to work: Management Consulting. Does anyone have any experiences with how having/not having a more prestigious university behind them has affected job searches and earning potential? (I know TCU is a good school, but I wonder if having "Rice" on my MBA degree will significantly influence my lifetime earning potential.)

I would speak with career services at both schools... but looking into the data for each on business week

It looks like 22% of Rice's students go into consulting, with an average salary of 110K
although 18% of TCU's grads go into consulting, their average salary is around 80K.

This leads me to believe that a larger percentage of Rice's consulting jobs are management consulting... although I may be wrong. I guess they could be going into energy consulting, but I have no knowledge on the salaries in that sector...

One of the top recruiting companies at Rice is EY, so I would assume it would be less strategy, but I don't know for sure. I would reach out to students that landed jobs in consulting (maybe the consulting clubs?) and see how many people get into the strategy side.
VP
Status: Final Lap Up!!!
Affiliations: NYK Line
Joined: 21 Sep 2012
Posts: 1084
Location: India
GMAT 1: 410 Q35 V11
GMAT 2: 530 Q44 V20
GMAT 3: 630 Q45 V31
GPA: 3.84
WE: Engineering (Transportation)
Followers: 38

Kudos [?]: 565 [0], given: 70

Re: Help with a Tough Decision... [#permalink]

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07 Dec 2012, 09:11
hi all

I have done Nautical tech from top university of India having worked in oil transportation on tankers for 3 years i want to pursue career in energy sector especially Oil trading...
I know that texas is the destination with this amibition and MCcombs and rice has the specfic energy related course but i m not sure of neeley ....does neeley has course related to energy sector as full time MBA....
Re: Help with a Tough Decision...   [#permalink] 07 Dec 2012, 09:11
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