Re: Michigan Ross Online (partial scholarship) vs Illinois iMBA (free)
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23 Jun 2019, 06:14
Thanks everyone for the replies, I really appreciate it.
To clarify my company will be reimbursing either program so the math looks like this...
Ross Tuition $112,000 - $16,000 Scholarship - $30,000 Company Reimbursement = $66,000 Out of Pocket
Illinois Tuition $22,000 - $30,000 Company Reimbursement = $0 Out of Pocket
As for my career goals, I am happy with my current company and am on the short list for the next manager position. I am already earning $120k+ so I don't think leaving for a full time program is the right move for me. My realistic career goal is to become a Vice President at my company and the basic rule of thumb is you need an MBA for that. I'm not looking to change careers per say as in going into investment banking or consulting but I am not against leaving my current company for a better offer in the utility industry or a similar industry where I can leverage my engineering knowledge (energy, manufacturing, or tech). Finally, my moonshot career goal would be to start my own company but I'm not ready to take that kind of risk at this time.
I guess what I am struggling with is I don't have a feel for Illinois's reputation and if there is any brand recognition. They don't show up on any of the rankings besides for the full time on US News 2019 at #48 but now they discontinued that program and are solely focusing on their massive online program which is good and maybe low cost online MBAs are the future but at the same time I feel like if I attend Illinois I will just be checking the box on getting an MBA and going through the motions where if I attend Michigan I will be getting the more traditional premier MBA experience which will be worth the investment. Anyways, thanks again for your help!