ROSS with 40k scholarship vs Tuck (no sc) ?

I would agree that it’s not worth agonizing about 40 or 50,000. It’s a lot of money without context. But let’s say you went to Ross and saved $50,000, which I think may be a good move but then every time you get rejected during your recruiting, you always regretted that you settled for money and you always wished you had gone to Tuck. Is it worth paying that amount to illuminate regret and potentially buy you the best chances of lending a job? Don’t bother answering because it’s impossible to 😂

Ask to average salaries and things like that it is also complicated. Higher rank schools attract higher rank applicants. Higher caliber applicants intern are able to get better jobs and better jobs intern pay higher salaries. Therefore, hiring schools will always be able to show higher salaries on their employment report but that is not because of the direct relationship to their brand, it’s not just because someone went to a higher rank program that they make more money, it is most likely because of their caliber and theoretically, the same person could get the same job with exactly the same salary from a different program. When you average across many applicants in many schools, there is a clear pattern of higher caliber applicants going to higher rank schools commanding higher salaries . Obviously a smart person like you could immediately conclude that they should go to the lowest possible ranked school and therefore get the best possible ROI since the caliber in many ways determines the salary. Or at least that is what I just implied. That is also not quite black-and-white , the rank of the program matters because of the on-campus recruiting that happens and the higher the rank, the more on campus recruiting opportunities exist and the more exclusive your alumni network is. This means you can count on more help and more support from more prestigious business schools that have a more selective process. Also brand recognition helps with general recruiting because if Manager sees Harvard on the résumé, they will pay more attention than to Babson for example.

Anyway, you could probably build a model and calculate some things but it almost feels like having a gypsy read your palm may provide a more accurate result about ROI. 😂

I would add this, if you were borrowing all of the money and you were able to borrow the full amount for both programs, it probably doesn’t matter as much in the long run. You would have an extra $500 a month payment but paying 1500 or 2000 a month when your rent is $4k probably isn’t the deal breaker. However, if you’re financing part of the education from your pocket and you will be substantially constrained by going to Tuck, I would suggest that you have some wiggle room in your budget and pay attention to the immediate funding needs. The money that you have during the business school experience and your living expenses are substantially more important than future loan payments. I’m hoping that perhaps you can negotiate the scholarship and see if you can get a match but I would suggest doing it enough smart way and basically blame the loan amounts and say that you’re having a hard time coming up and that your student experience may be handicapped. By the way, business called Budget and notoriously cheap and bare-bones so whatever expenses you were planning to have, please budget more. I’m speaking from a personal painful experience 🥴😂

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Thank you for your help!!!, great insights.
I have a lot to think about haha.

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Well… there is some good news too. I clearly have saved it for the last. 😂

The good news is that it will work out. It always does. You will persevere and you will be successful. You will have to work for it but it will work out.

I would connect with other families of students and ask for their experience. See what kind of support exists. It’s very possible the woods of New Hampshire may have a tightknit community of business school student families 🤷‍♂️

About consulting firms asking for your GMAT scores, that seems to have mostly gone away in the last few years but usually anything above 700 is OK even if they decide to ask for it. In general, it doesn’t seem to be a deciding factor based on my research a year ago

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Thank you again for taking the time to give me such valuable advice!!

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