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Darden vs McCombs ($) - Help !

McCombs ($) vs Darden

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oldmonk
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Darden vs McCombs ($) - Help ! [#permalink] New post   11 Apr 2013, 12:38
Stats : International applicant , Career Interests - MC / Tech (Apple, Google et al) , location neutral (OK, slightly biased to TX ! ) , Tech Consulting background.

Also, money matters, so every $ off the tuition counts ..and always hear stories about the Job mkt booming in TX but Darden is closer to NE job mkts.

McCombs ($cholarship) = Think around $20 - 25k per annum

Thanks for your help.
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ParkLane
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Re: Darden vs McCombs ($) - Help ! [#permalink] New post   11 Apr 2013, 12:56
oldmonk wrote:
Stats : International applicant , Career Interests - MC / Tech (Apple, Google et al) , location neutral (OK, slightly biased to TX ! ) , Tech Consulting background.

Also, money matters, so every $ off the tuition counts ..and always hear stories about the Job mkt booming in TX but Darden is closer to NE job mkts.

McCombs ($cholarship) = Think around $20 - 25k per annum

Thanks for your help.


My vote goes to McCombs. Couple of factors:
- McCombs is an excellent program with great employment outcomes. That said, it's pretty regional and many folks (whether by choice or otherwise) stay in TX. If you are okay staying there post-grad, then I feel it's a no-brainer.
- Austin is a good tech scene and TX in general is booming business-wise.
- Darden would prob give you an edge in terms of consulting or something, but tech? I doubt it, especially given that so much of tech is on the West Coast
- MONEY! GMATClub is full of people who say "Money doesn't matter" but in reality it DOES. Loans impact quality of life, and you'd hate to take a job that pays good money just bc the job pays good money (so you can pay off your loan) and not bc you really want it. Obvious caveat: money matters when the schools you're looking at offer roughly the same benefits. (E.g., in my case, I'm taking $$ from Kelley over no money from Ross because I'm interested in brand mgmt and CPG, into which both schools place outstandingly; if I were seeking mgmt consulting, I'd prob choose Ross.)

What are your thoughts? Do these match up against your judgments?
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oldmonk
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Re: Darden vs McCombs ($) - Help ! [#permalink] New post   11 Apr 2013, 13:05
Hi Parklane, Thanks for those inputs. My thoughts are pretty similar too - about lapping up every opportunity (and $) there is along the way.
I'm just concerned that in a couple of years when I'm vying for an MC job at McCombs I should never regret not having taken up the better ranked school with more offers ! Tech = no-brainer here, but my personal preference goes MC first , Tech next.
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ParkLane
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Re: Darden vs McCombs ($) - Help ! [#permalink] New post   11 Apr 2013, 13:12
D'oh -- I totally overlooked "MC" in your original post!!! Maybe I should practice my reading skills before b-school this fall.

Have you contacted both schools to see *exact* placement stats for top MC firms (McK, Bain, BCG, Booz & Co, et al)? Might be helpful to match those #s against the class sizes and total # of folks actually entering MC (e.g., what % of all consultants receive offers to top firms?). I have a feeling Darden will win in this case. And if that's so, I'm not sure the McCombs $$ should be a factor, given the ridiculous salaries top MC firms pay. Obviously none of this guarantees you a job there, and you ought to consider the possibility/probability of landing in a less-prestigious (and perhaps lower-paying) firm, but...
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asimov
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Re: Darden vs McCombs ($) - Help ! [#permalink] New post   11 Apr 2013, 13:17
oldmonk wrote:
Hi Parklane, Thanks for those inputs. My thoughts are pretty similar too - about lapping up every opportunity (and $) there is along the way.
I'm just concerned that in a couple of years when I'm vying for an MC job at McCombs I should never regret not having taken up the better ranked school with more offers ! Tech = no-brainer here, but my personal preference goes MC first , Tech next.

Getting into MC isn’t anything special. I do not think McCombs will prevent you from doing that. For MC, the difference between McCombs and Darden is the CHANCE at the upper echelon of MC jobs. This is a question you have to ask yourself. Is the higher CHANCE of getting into top MC at Darden worth the trade off of $ and the better chance at tech jobs in McCombs?
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Re: Darden vs McCombs ($) - Help ! [#permalink] New post   11 Apr 2013, 13:20
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ParkLane wrote:
Obviously none of this guarantees you a job there, and you ought to consider the possibility/probability of landing in a less-prestigious (and perhaps lower-paying) firm, but...

The less-prestigious firms pay more than the top tier firms to attract talent. The standard starting salary at M/B/B is $125K in the US. Deloitte pays $140K plus cover your SY tuition if you intern with them, or your entire MBA tuition if you are previously Deloitte consultant.
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oldmonk
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Re: Darden vs McCombs ($) - Help ! [#permalink] New post   11 Apr 2013, 13:24
@asimov : You nailed it, I think I have the answer to the trade-off question though I'll wait a bit more to see the results of this poll. Since you're a Class of 2012, you'll have an idea to this question too - does brand name of school matter AFTER landing the first gig at MC ? Till when will the 'slight' advantage of a higher ranked school exist and open doors for the career ?

Thanks !
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Re: Darden vs McCombs ($) - Help ! [#permalink] New post   11 Apr 2013, 13:38
oldmonk wrote:
@asimov : You nailed it, I think I have the answer to the trade-off question though I'll wait a bit more to see the results of this poll. Since you're a Class of 2012, you'll have an idea to this question too - does brand name of school matter AFTER landing the first gig at MC ? Till when will the 'slight' advantage of a higher ranked school exist and open doors for the career ?

Thanks !

I don't work in consulting. A sense I get from my classmates in consulting is that the school means absolutely nothing in your performance evaluation. Could there be possible bias from your manager or the partner who happens to be alum of your school? Maybe. However, your career path after you are in the company is mostly dependent upon your performance. Your exit options after MC depend on the industry expertise and connections you have built at the MC.
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TonyMontana896
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Re: Darden vs McCombs ($) - Help ! [#permalink] New post   11 Apr 2013, 17:38
A few years down the road where you went to b school will matter very little. It will be much more about your experience and network.

In your case I'd say mccombs. McCombs places very well with MC. All of the major firms recruit there, the only difference might be that some firms recruit at McCombs specifically for their texas offices, but it sounds like you'd be interested in living there anyway.

The scholarship is a good deal. Darden already has higher tuition.
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oldmonk
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Re: Darden vs McCombs ($) - Help ! [#permalink] New post   11 Apr 2013, 20:07
Thank you TonyMontana896. I pretty much see where this is heading, but any moots for Darden?

Please poll in a few more votes ! Thanks a ton.
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Re: Darden vs McCombs ($) - Help ! [#permalink] New post   11 Apr 2013, 20:25
I voted for McCombs because of:

1) Your price-sensitivity
2) Your proclivity for living in TX
3) Your openness/desire to do tech

While consulting recruiting at the level of MBB doesn't seem as strong at McCombs, you also don't seem married to the idea of doing consulting, nor do you seem fixated on working at MBB. You'll be able to land a job at Deloitte (plus you'll probably have a decent shot at getting a Texas office of MBB).

Don't overthink this one! :)
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Re: Darden vs McCombs ($) - Help ! [#permalink]
11 Apr 2013, 20:25
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