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15 Sep 2020, 19:34
Kudos
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28 YO, 4 years work experience in O&G at a major. Have a bachelors and masters in engineering from top engineering school (Stanford, MIT, etc). Looking to stay in Houston post MBA (fiance has a good job in Houston, so looking to come back) in strategy (possibly management consulting) or corporate finance role.
I have the stats to apply to HSW, but I also anticipate some scholarship money from McCombs. From a life perspective would prefer to be closer to Houston (and the fiance) and also anticipate jobs in Houston will be easier to find from McCombs.
If for instance I got half or full ride to McCombs am I crazy to prefer McCombs? Or would I really be missing out on something by not applying to HSW and going if accepted?
Second question: as an engineer at a O&G major I currently make similar to the average starting salary from HSW (and more than McCombs). With an MBA I would assume that raises would be larger or faster than as an engineer such that financially an MBA would be worth it. Is this a valid assumption? I think MBA roles would be more interesting but trying to gauge if it is a smart financial decision as well.
Any help is appreciated! Thanks.
I have the stats to apply to HSW, but I also anticipate some scholarship money from McCombs. From a life perspective would prefer to be closer to Houston (and the fiance) and also anticipate jobs in Houston will be easier to find from McCombs.
If for instance I got half or full ride to McCombs am I crazy to prefer McCombs? Or would I really be missing out on something by not applying to HSW and going if accepted?
Second question: as an engineer at a O&G major I currently make similar to the average starting salary from HSW (and more than McCombs). With an MBA I would assume that raises would be larger or faster than as an engineer such that financially an MBA would be worth it. Is this a valid assumption? I think MBA roles would be more interesting but trying to gauge if it is a smart financial decision as well.
Any help is appreciated! Thanks.
Archived McCombs Discussion
Hi there,
You've stumbled upon an old discussion from our McCombs Forum
that's now outdated and has been archived. No more replies are possible here.
Interested in current discussions? Feel free to dive into our dedicated McCombs Forum
for all fresh things related to the McCombs MBA program.
Thank you for understanding, and happy exploring!
KushGakhar
15 Sep 2020, 21:15
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Hi,
I have somewhat similar credentials as you, based in Houston, working for an independent operator as an RE, wife having a good job in Houston, so had similar questions in mind while taking the call on MBA. I was accepted at McCombs and a few other schools. At the end it is your call; I and my family decided to go with a school that, we thought was best among the options I had. I however didn't have the credentials for HSW I think.
Good luck!
Regards
Kush
I have somewhat similar credentials as you, based in Houston, working for an independent operator as an RE, wife having a good job in Houston, so had similar questions in mind while taking the call on MBA. I was accepted at McCombs and a few other schools. At the end it is your call; I and my family decided to go with a school that, we thought was best among the options I had. I however didn't have the credentials for HSW I think.
Good luck!
Regards
Kush
17 Sep 2020, 10:53
Kudos
Bookmarks
Hello, tap1234. What is that old saying about counting chickens? You may very well have the stats to apply to M7 schools, but stats are no admissions guarantee. If the curiosity exists to know whether you would have the opportunities you envision, then what would it hurt to submit a couple extra applications? See what develops. On your current salary, you could likely afford it. You probably should not base major life decisions on possibilities that are not yet before you, particularly when a significant other is involved.
I have worked with one student who was initially offered a place at Tuck with no scholarship money, but who ended up leveraging an offer from Fuqua to get almost a full ride at Tuck. He could not have planned for that, but it happened once he started hearing back from schools.
Along similar lines, there are no guarantees that earning an MBA will automatically increase your earning power. Sometimes playing it safe leads to a middle-of-the-road existence, sometimes going for broke leads to nothing. If you would feel personally fulfilled by earning an extra degree and perhaps fast-tracking your career, then go for it.
Whatever you decide, put everything you have into your efforts. Earn the best GMAT™ score you think you can, write the best essays, pull out all the stops. Then, you will not have to wonder what might have been if you had.
Good luck.
- Andrew
I have worked with one student who was initially offered a place at Tuck with no scholarship money, but who ended up leveraging an offer from Fuqua to get almost a full ride at Tuck. He could not have planned for that, but it happened once he started hearing back from schools.
Along similar lines, there are no guarantees that earning an MBA will automatically increase your earning power. Sometimes playing it safe leads to a middle-of-the-road existence, sometimes going for broke leads to nothing. If you would feel personally fulfilled by earning an extra degree and perhaps fast-tracking your career, then go for it.
Whatever you decide, put everything you have into your efforts. Earn the best GMAT™ score you think you can, write the best essays, pull out all the stops. Then, you will not have to wonder what might have been if you had.
Good luck.
- Andrew
