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Need your advise which school to choose. Luckily I have been offered an admission by Ross and Cranfield. I want to pursue a career in consulting, now I work in financial services. I would like to change not only the sphere but also move to US or Western Europe. Currently I live in Eastern Europe.
Cranfield offered me a good scholarship of £12,000, so in total I will pay only £21,000 about $33,000. While in Ross I will have to pay over $100,000. Moreover, living expenses in Ross will also be at least twice as big as in Cranfield.
Both schools have similar average wages $103,000 in Ross and $101,000 in Cranfield. And same placement 87% in 3 month.
Ross has a lot of well known consulting firms among top employers. Cranfield only few AT Kearney and Accenture. While both have over 30% going to cunsulting.
Which school will be a better choice for me? Will appreciate any thoughts and ideas.
If you want to work in the US after graduation then Ross is the better choice. Also more consulting companies recruit there and you have a shot at top tier firms like McKinsey, Bain, and BCG. Working for these companies in the US you can pay off your loans within a few years.
Cranfield is not a big feeder into consulting and its strength lies in industry. It places mostly students on the operations side with mid tier firms and not really strategy with top firms. Dig deeper beyond teh pure stats adn you will discover the gap. Please note that Cranfield has a class of 120 students, so 30% consulting = 36. Ross's class has 500, so 30% consulting = 150 in mostly top tier firms. Ross is a 2 year programme with its well known MAP, summer internship and active student clubs. 2nd year electives offer more in depth concentration. This is more conducive for career changers. While Cranfield is predominantly a general management programme. I feel that the Roos faculty and student body is more dynamic at Ross with various student led events, more electives available and classes are more active. In short: Ross has higher quality students, facilities, faculty and better consulting placements. On the other hand, Cranfield offers you $/£ and lower opportunity costs. Note that Cranfield scores well on salary as it accepts older students with more work experience, hence higher salary.
As Cheetarah said I think it really depends on where you want to work post MBA. If it is the US, then the answer is Ross no doubt. Cranfield may be a great school, but its presence in the US is not large.
Getting a US job after a non-USA MBA (especially, from the 2nd tier) will be a 'Mission Impossible-5' with you playing Etan Hunt
But I see where you are coming from. Ross beats Cranfield on all grounds except financing. Especially this year, with foreign student loans not available that is a tough choice to make.
Even so, unless you're 30, it makes sense to wait a year and shoot for a better school or a school that offers loans (i.e Duke this year). == BTW, I don't buy that the cost of living 30km from London is two times cheaper than 40 miles from Detroit.