bb
Hi There and welcome to GMAT Club and congrats on your admits! Moving your topic into a better and correct place.
Question #1 - can you realistically get funding for McDonough?
Question #2 - Are you international? Neither offers stem options at the moment
In general, neither school has strong product management recruiting but things are changing supposedly with 1) tech companies going out to lower-ranked schools in search for less competitive talent but for less competitive jobs and 2) economy does not seem to have a direction with the latest flare up of the virus. Hopefully it will go back to normal as quickly as it fell apart but i ain't got a crystal ball.
My feel is that Smith is a better offer at this time just based on raw numbers. Looks like it is $56K for tuition and you can't go wrong with a free MBA.
Thank you so much, BB. First of all, I would like to mention my background as well as the suggestions I was given by the Alumni of both the schools and several other T15 schools.
1. I worked as a Product Manager for 6 Years at an Indian startup and I would like to pursue my MBA and move into Product roles at F500 companies like Amazon and Google, in the US.
2. In terms of funding my education, I was planning on taking a student loan from
Prodigy finance to cover 80% COA at both McDonough and Smith. I agree with you on the funding I've received from Smith. The additional perks I'll be getting at Smith will make an MBA basically free for me.
3. However, I was suggested by many Alumni that recruiting in the US is all about networking and that at McDonough, I'll have a greater chance to network for my job, given the large Alumni base and brand recognition McDonough has all over the US. On the other hand, Smith has a very small alumni network and lower brand recognition when compared to McDonough. (Both these colleges are in the DMV area, where most of the recruitment is with federal businesses, and as an international student I'll have to look for avenues outside DMV area)
4. McDonough is rumored to have a STEM program by the end of the year (I was told that the STEM application is in its final stage) and Smith is offering me a STEM certification with the Business Analytics Dual Degree.
5. Finally, I read that 60% of Smith's class find jobs within 1 month of graduation and that only 80% were able to find jobs within 3 months (not to mention the dearth in on-campus recruitment). On the other hand, 95% of McDonough class are able to land a job within 1 month and 98% within the next 3 months.
All these factors have confused me whether to take a safer route by going with Smith or invest in a better program like McDonough. Also, I am confused about several things for which I hope you would help me find a solution:
1. How important is brand value in the recruiting process?
2. How much value/network does Smith have in Tech industry?
3. Is it worth to invest $200,000 for an MBA from McDonough? (In terms of ROI)