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Tier 1 vs Tier 2 with 100% scholarship

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Tier 1 vs Tier 2 with 100% scholarship  [#permalink]

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New post 27 May 2014, 10:15
I have an admit from Boston College with 100% scholarship and Darden with no scholarship. Boston College is known to be good for Finance (#15 for finance as per US News Ranking). I intend to go into Corp Finance / Investment Management after MBA. I know that Darden will give me better opportunities but is it worth $120K? What'd you have picked?

I am certain that if a person is aiming to enter IB / MBB consulting, he/she has to go to a top school. However, for F500 Corp Fin, does it help as much to spend $120K to go to a top school?

Does the school brand matter after the first job? Would there be some work opportunities that would not be available to Tier 2 school grads 3-5 years after MBA?

Any help will be appreciated.
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Re: Tier 1 vs Tier 2 with 100% scholarship  [#permalink]

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New post 27 May 2014, 13:43
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Just my opinion, even though I don't know both schools particularly well: I think Boston College would be your best bet if you have a geographical preference for the Boston area and the Northeast in general. I would assume the post-MBA employment location for BC MBAs would be heavily skewed northeast (I could be wrong but this is my assumption). If you can get the job you want where you want it through BC, then that would make more sense for you, especially with the significant bonus of having the full scholarship.

If you wanted to have better geographic flexibility (Darden would probably have a larger alumni footprint around the country), and you wanted a shot to pursue those harder-to-get post-MBA jobs that are harder to get at BC, Darden would be worth the money. Or if you simply want to have more options available to you.

I do think down the line, 5 years after you graduate, where you graduated doesn't matter as much; I think more emphasis would be put on what you've done in your career since graduating from b-school.

Either way, you have two great choices. Good luck!
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Re: Tier 1 vs Tier 2 with 100% scholarship  [#permalink]

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New post 27 May 2014, 13:47
There's a BIG difference in recruiting between Darden and Boston. It's more of tier 2 compared to tier 4/5. #15 for finance really means nothing, go by the USNews:

http://poetsandquants.com/2014/03/11/u- ... tanford/4/

Darden is 11, Boston is 45

Check the employment reports and salary data, but there is going to be almost no overlap in companies that recruit between them. Can you find some job at some corp 500 from Boston? Sure, but it'll be a significantly worse job for considerably lower pay.

Also, the difference becomes more pronounced as you go further out in time, forbes has 5-year out data which i I find very useful:
http://www.forbes.com/business-schools/ ... l%20states

Darden: $158,000
BC: $115,000
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Re: Tier 1 vs Tier 2 with 100% scholarship  [#permalink]

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New post 28 May 2014, 12:53
This really depends on you... debt will stress you out but Darden will certainly open more doors and present at least a wider array (if not better) opportunities, plus your peer network on average will be slightly more advanced in corporate settings as your career progresses. I faced a similar choice last year around this time and bet on myself being able to leverage the wider network with no regrets at the moment.
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New post 28 May 2014, 21:08
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If you're going into CorpFin, take the scholarship and run. Think about how much it's worth pre-tax. Also, looking at the BC employment report. Lots of great companies recruit there, and I guarantee you there is much overlap between BC and UVA when it comes to CorpFin opportunities. Don't let people who are obsessed with brand name talk you into spending over $120k for the same outcome.
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Re: Tier 1 vs Tier 2 with 100% scholarship  [#permalink]

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New post 31 May 2014, 08:01
BCs reputation is very regional. If you want to stay in Boston, take the scholarship. If not, go with the stronger brand that will give you more opportunities.

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Re: Tier 1 vs Tier 2 with 100% scholarship  [#permalink]

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New post 04 Jun 2014, 12:34
Go to Darden, it'll be much easier to get into high finance from there.
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New post 27 Nov 2019, 22:00
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New post Updated on: 29 Nov 2019, 03:02
That is harsh! Don’t fall for those rankings and directionally challenged poets & quants reports.

So I have a friend who went to University of Pittsburgh for MBA ~50% scholarship. He had an admit from Duke too. He decided to take university of Pittsburgh.

Now he wanted to be an investment banker and wanted to be in private equity and play in the big league as bankers from Wharton, Stern, Booth. He decided to get a CFA and that CFA got him his internships and he was an investment banker with Jeffries, Goldman Sachs and now he’s in private equity

CFA + MBA = Golden, MBA gets your foot in he door with your target companies and CFA validates your capability

Talk to people who’ve succeeded going to schools other than the target schools and the path they took. CFA has solid credibility in the finance business, be it corporate finance or investment banking or private equity. DM me, I’ll share my friends LinkedIn for you to cyber snoop or connect with him.

On a separate note, UVA is a consulting school-not a banking or tech school (with many other schools being better than UVA at consulting recruiting) It may become a tech school with Amazon moving into the hood and other tech companies wanting to set shop.

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Originally posted by JohnJohnJ on 29 Nov 2019, 01:29.
Last edited by JohnJohnJ on 29 Nov 2019, 03:02, edited 1 time in total.
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Re: Tier 1 vs Tier 2 with 100% scholarship  [#permalink]

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New post 29 Nov 2019, 02:04
With jobs being plenty the brand of the school has less of a play or influence in being able to recruit, at least for the US Applicants.

For international applicants, where going back home is a potential issue thanks for the ever-changing chaotic H1B policies, you probably don't want to land back in France/India/China/Australia and expect anything out of the U of Pittsburgh diploma. Having one from Yale or Oxford would be significantly more helpful for recruiting.

In terms of the specialty and highly competitive fields such as PE and IBanking, those are heavily networked positions that require networks, connections, and special access. Few MBA programs will grant that since they won't be too impressed with even HBS and GSB.

In summary, if you are recruiting into a special interest area, that no schools offer on-campus recruiting to or shortcuts, MBA brand matters a lot less. The same applies if you have a strong network to land a job.
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Re: Tier 1 vs Tier 2 with 100% scholarship   [#permalink] 29 Nov 2019, 02:04
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