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Wharton vs Booth ($) vs Yale SOM ($) for finance

Which b-school to choose?

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EugeneSal
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Wharton vs Booth ($) vs Yale SOM ($) for finance [#permalink] New post   Updated on: 09 Apr 2021, 11:42
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Hi guys,

I've been lucky enough and got accepted to three great programs. Your thoughts on where to attend are highly appreciated :)

Background:
- International applicant from Eastern Europe. Will be looking for jobs in the US post graduation
- Current role: finance manager in corporate finance/F200 firm, and I've done part-time investing for the last 5+ years
- Target industry post-MBA: investment management (equity/credit research). I know it's competitive to break into, so sellside research and probably banking are my backup plans

Wharton
+ Arguably best brand both in the US and internationally, largest alumni network
+ Often considered top school for finance, and pretty much everyone recruits there
+ I like their dynamic culture and active student involvement on campus
- Highest price tag, no scholarship money

Booth
+ Another great school for finance with a strong quant reputation that employers respect
+ Probably the winner in terms of culture, very welcoming supportive students and alums
+ 20k/year in scholarship clearly never hurts
- Probably slightly below Wharton in terms of brand
- More of a Midwest-focused alumni network, and the least known brand outside the US (I'd like to stay in the US after graduation, but I'm still an international passport holder)

Yale SOM
+ Great culture, and a very tight-knit and supportive community
+ Everyone and her aunt knows what Yale is (my parents vote Yale :) ), strong reputation outside the US
+ 20k/year in scholarship
- Newest MBA brand, and is behind Wharton and Booth in the rankings
- Smallest class with less recruitment into finance on campus

I don't think that Yale with 20k/yr beats Booth with same scholarship. Both have great cultures, but Booth has a very strong reputation in finance and is probably a winner for me here. Re Wharton vs Booth, I'm slightly leaning Wharton because of brand and the breadth of alumni network. In terms of culture, I've been impressed by the pay-it-forward culture at Booth, and Booth is a winner for me here. However, I like Wharton's vibrant culture quite a lot as well. I've got no preferences on where to live for the coming two years. Going through the welcome week sessions right now, but I expect no surprises here.

Thank you guys in advance! :)

Originally posted by EugeneSal on 09 Apr 2021, 04:25.
Last edited by EugeneSal on 09 Apr 2021, 11:42, edited 1 time in total.
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Re: Wharton vs Booth ($) vs Yale SOM ($) for finance [#permalink] New post   09 Apr 2021, 22:57
Look at the % less expensive (all in) Booth is (tuition, room, board, required fees, etc) vs. Wharton ... and then take a peek at the two links in my signature block and see if that helps.

PS -- What's your Plan B if Plan A doesn't work out?

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Re: Wharton vs Booth ($) vs Yale SOM ($) for finance [#permalink] New post   10 Apr 2021, 06:51
Regenerate wrote:
Look at the % less expensive (all in) Booth is (tuition, room, board, required fees, etc) vs. Wharton ... and then take a peek at the two links in my signature block and see if that helps.

PS -- What's your Plan B if Plan A doesn't work out?

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Looks like the total cost difference is 20%. Your scholarship consideration curve suggests that at least 25% is required for Booth to beat Wharton. :)

If equity/credit research don't work, my plan B is sellside research in a big bank or banking itself.
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Re: Wharton vs Booth ($) vs Yale SOM ($) for finance [#permalink] New post   10 Apr 2021, 07:21
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No ... it's a CONSIDERATION curve ...

If the spread is in that range, it's reasonably competitive offer financially.

I think your choice is between Wharton and Booth.

I'd go to both Wharton and Booth and ask if they'll increase their offer to $X so your total cost will be $Y. Tell them you're weighing the other school and any consideration they can give will be appreciated and will help make your decision.

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Wharton vs Booth ($) vs Yale SOM ($) for finance [#permalink] New post   10 Apr 2021, 11:46
Thanks for clarifying this, Regenerate! In this case, that 20% cost difference between Wharton and Booth means that Booth's offer is competitive from the financial perspective.

I've already reached out to Wharton and told them about Chicago's competing offer, but they refused to give me any $. I haven't reached out to Booth asking them to increase their scholarship amount because I've been admitted to Wharton with no $.

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Re: Wharton vs Booth ($) vs Yale SOM ($) for finance [#permalink] New post   10 Apr 2021, 12:03
... if you don't ask, the answer is no. :)

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Re: Wharton vs Booth ($) vs Yale SOM ($) for finance [#permalink] New post   11 Apr 2021, 12:01
Wharton will open doors the others can not open, hard to put a price on that.
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Re: Wharton vs Booth ($) vs Yale SOM ($) for finance [#permalink] New post   11 Apr 2021, 12:08
JohnnyBlaze wrote:
Wharton will open doors the others can not open, hard to put a price on that.


I cannot imagine there is a very long list of places that are open to Wharton grads that Booth grads are unwelcome.

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Re: Wharton vs Booth ($) vs Yale SOM ($) for finance [#permalink] New post   11 Apr 2021, 12:09
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I feel it is not big enough difference of 20k to make much of a diff. While all the schools have global names there is a bit of a diff for East cost or Midwest.... but hard choice.

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Re: Wharton vs Booth ($) vs Yale SOM ($) for finance [#permalink] New post   11 Apr 2021, 14:51
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Regenerate wrote:
JohnnyBlaze wrote:
Wharton will open doors the others can not open, hard to put a price on that.


I cannot imagine there is a very long list of places that are open to Wharton grads that Booth grads are unwelcome.

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I can imagine an entire world outside the US. Applicant is an international student, W's global brand outshines Chicago's brand.
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Re: Wharton vs Booth ($) vs Yale SOM ($) for finance [#permalink] New post   11 Apr 2021, 14:55
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I guess Booth has been getting the top ranking spots only for the last 5-10 years. Wharton and C-suite folks likely would go back beyond that.

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Wharton vs Booth ($) vs Yale SOM ($) for finance [#permalink] New post   13 Apr 2021, 10:12
bb wrote:
I guess Booth has been getting the top ranking spots only for the last 5-10 years. Wharton and C-suite folks likely would go back beyond that.

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For the 10 year period from 2010 to 2019, Wharton had an average USNWR rank of 3.3
For the 10 year period from 2010 to 2019, Booth had an average USNWR rank of 3.2

https://poetsandquants.com/2020/08/24/1 ... ts-on-top/

Booth has been a top ranked program for far longer than the last 5-10 years.

*******************

Now, as to whether or not Booth has a better / worse / equal international reputation than Wharton, I do not assume to know ... yet ... I would still state there are few places globally where a Wharton grad would be welcome and a Booth grad would not.

Do you think IBM Munich cares a bunch? Or Goldman Sachs Tokyo? Or Bain Melbourne? Or ... or ... or ...

It's my theory that multi-national firms would welcome graduates from either program. You can have a different theory. :)
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Re: Wharton vs Booth ($) vs Yale SOM ($) for finance [#permalink] New post   14 Apr 2021, 10:52
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Just wanted to thank you guys for your inputs! I highly value them.

In case it can be valuable to future applicants, I decided in favor of Wharton. This wasn't an easy decision though. However, as I'm writing this, the forum likely agrees (11 votes for Wharton, 3 for Booth, and 0 for Yale SOM).

What swayed me is the breadth of Wharton's alumni network. I've got in touch with many Wharton alums both in the US and outside the country after Wharton offered me admission, and I was impressed by how far-reaching the school's network is. Also, I realized that I'd regret picking a school based on scholarship money (40k in my case).
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Re: Wharton vs Booth ($) vs Yale SOM ($) for finance [#permalink] New post   14 Apr 2021, 11:03
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Congratulations on your choice. Super happy for you! Good luck! This was a hard choice.

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Wharton vs Booth ($) vs Yale SOM ($) for finance [#permalink] New post   21 Apr 2021, 12:44
Wharton all the way. Senior execs don't look at rankings (just like they don't care that HBS has been #5 or #6 in the past couple years). They view HSW as HSW, much like HYP, YHS, etc. (all iconic monikers that have been around for half a century).
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Re: Wharton vs Booth ($) vs Yale SOM ($) for finance [#permalink] New post   21 Apr 2021, 12:50
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medlife wrote:
Wharton all the way. Senior execs don't look at rankings (just like they don't care that HBS has been #5 or #6 in the past couple years). They view HSW as HSW, much like HYP, YHS, etc. (all iconic monikers that have been around for half a century).


And have you gotten closer to your decision? :angel:
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Re: Wharton vs Booth ($) vs Yale SOM ($) for finance [#permalink] New post   21 Apr 2021, 12:59
I have indeed! Put my deposit down at Wharton haha. It honestly came down to my SO being located closer to Philly. Both are amazing schools though :)
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Re: Wharton vs Booth ($) vs Yale SOM ($) for finance [#permalink]
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