healthchick wrote:
I am lucky enough to have been admitted to CBS with a $40K scholarship (one-time), Fuqua with a $100K scholarship and Kellogg with no scholarship and am having a very tough time choosing. My post-MBA goal is MBB consulting. LT - VC (healthcare) or a strategy/corporate dev role in the healthcare space. A strong general management program with the opportunity to specialize through a healthcare program track is very important to me.
Congrats! Given your goals, I view Kellogg > CBS > Fuqua. To make it tough for you, they offered scholarships with an inverse correlation to this.
While a large proportion of the Kellogg class size enters consulting, the proportion of alumni in consulting that work for MBB is only slightly higher than CBS. Duke is substantially less but they are still a target school and a solid proportion of their consulting hires are MBB. However, if you got into Kellogg and got a scholarship at CBS, I think you are capable of getting an MBB offer if you attend Duke. I don't think attending Kellogg or CBS versus Duke will make a huge difference at getting into MBB or not if you put adequate work into case interview prep and networking.
After adjusting for differences in tuition/fees and living expenses, I would estimate the CBS scholarship maybe $5-10k relative to costs at Kellogg. CBS tuition + fees are $8k more over two years versus Kellogg assuming no substantial divergence in tuition/fees in the second year [(65988+3729+3737)*2-(64059+3692+1000+225)*2-1000]. NYC is very expensive and CBS students like to go out, so most of the remaining $32k of CBS scholarship funds will go towards the higher price of living in NYC.
If you want long-term healthcare I would recommend going to Duke or Kellogg because you can develop a network of peers that want to enter into healthcare and can help you transition out of MBB down the road. At CBS, you will have less peers entering the healthcare industry and more entering banking versus Duke/Kellogg.
If I were you, I would take the money and go to Duke. MBB likes to hire the best students of each top school, and having that scholarship on your resume will help establish that. If the program, people, brand, and support network at Kellogg is worth the extra $100k to you (depending upon your currrent finances and prefrences) -- then I would go there. I wouldn't go to CBS given your other opportunities unless you REALLY want to live in NYC now.
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