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01 May 2018, 17:01
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I moved to Houston from Louisiana at the start of the year and decided to apply to Rice for their professional MBA program. I got accepted this week but I do not have sponsorship from my company (new role so they want to see my performance). I need some help in deciding what my options are... Here are my thoughts:
1. Attend Rice and Pay for it out of pocket - $110k
2. Attend University of Houston and Pay - $42k I have not applied but the deadline is June 1st. I assume I would get in.
3. Get commitment from company for next year and go to Rice - It would be about 50% after tax
4. Apply to top 10 Full time MBA program for Fall 2019
*Any company funding requires me to stay with the company for 2 years after graduation
Profile:
Undergrad - State School, 3.71 GPA, 2 degrees - Mechanical and Nuclear Engineering
GMAT - 730
Work Experience - 6 years at a large integrated Oil and Gas company. 3 roles all within engineering
Long Term Goals: That's the biggest issue. I'm interested in a variety of things. I would like to do something outside of engineering. Maybe business development. Consulting. IB. Just not really sure. I'm doing well at my current company and just took a promotion. The pay is good and there are a lot of opportunities. I think if I do a part time MBA it will help me in my current role but it will not necessarily lead to a promotion. It will help me down the line but its not concrete where an MBA leads to a direct promotion. That is why it is hard for me to justify funding the whole part time MBA out of pocket.
I'd appreciate any advice. Thanks!
1. Attend Rice and Pay for it out of pocket - $110k
2. Attend University of Houston and Pay - $42k I have not applied but the deadline is June 1st. I assume I would get in.
3. Get commitment from company for next year and go to Rice - It would be about 50% after tax
4. Apply to top 10 Full time MBA program for Fall 2019
*Any company funding requires me to stay with the company for 2 years after graduation
Profile:
Undergrad - State School, 3.71 GPA, 2 degrees - Mechanical and Nuclear Engineering
GMAT - 730
Work Experience - 6 years at a large integrated Oil and Gas company. 3 roles all within engineering
Long Term Goals: That's the biggest issue. I'm interested in a variety of things. I would like to do something outside of engineering. Maybe business development. Consulting. IB. Just not really sure. I'm doing well at my current company and just took a promotion. The pay is good and there are a lot of opportunities. I think if I do a part time MBA it will help me in my current role but it will not necessarily lead to a promotion. It will help me down the line but its not concrete where an MBA leads to a direct promotion. That is why it is hard for me to justify funding the whole part time MBA out of pocket.
I'd appreciate any advice. Thanks!
03 May 2018, 01:07
Kudos
Bookmarks
phillydude89
For someone who seems to be pretty smart you need to do some thinking.
Opinion on your thoughts:
1. Bad, why would you pay 110k of your own money for Rice?
2. Only if it were nearly Free
3. Sounds better, is getting it 1 year earlier worth $55k, don't think so.
4. You have experience, GPA, and GMAT score that are all pretty solid. Pick 4-5 schools try to contact them before applying. Then apply to 4.
Also do you need an MBA?
03 May 2018, 13:32
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Bookmarks
[/quote]
For someone who seems to be pretty smart you need to do some thinking.
Opinion on your thoughts:
1. Bad, why would you pay 110k of your own money for Rice?
2. Only if it were nearly Free
3. Sounds better, is getting it 1 year earlier worth $55k, don't think so.
4. You have experience, GPA, and GMAT score that are all pretty solid. Pick 4-5 schools try to contact them before applying. Then apply to 4.
Also do you need an MBA?[/quote]
I think an MBA will help round me out and give me more opportunities for commercial types roles. It seems if I stay with the company it does not matter what school I got to. That is why UH seems to be a good option. $30-40k over two years is not crazy for an MBA.
For someone who seems to be pretty smart you need to do some thinking.
Opinion on your thoughts:
1. Bad, why would you pay 110k of your own money for Rice?
2. Only if it were nearly Free
3. Sounds better, is getting it 1 year earlier worth $55k, don't think so.
4. You have experience, GPA, and GMAT score that are all pretty solid. Pick 4-5 schools try to contact them before applying. Then apply to 4.
Also do you need an MBA?[/quote]
I think an MBA will help round me out and give me more opportunities for commercial types roles. It seems if I stay with the company it does not matter what school I got to. That is why UH seems to be a good option. $30-40k over two years is not crazy for an MBA.
