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TheSenator
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The decision deadline is approaching and I've narrowed my choices down to Cornell with a scholarship or NYU. My target industry post-MBA is investment banking, but I'm not sure which school I should choose. NYU clearly has the better finance program and the location is an advantage, but I'm not sure what the career prospects look like at Cornell versus NYU for investment banking. Not sure if the $$ at Cornell is worth not attending NYU, or if it even makes a difference.

Does anybody have any thoughts or in a similar situation and having to choose between a scholarship versus location and ranking?

I have a similar situation where I am making a choice between prestige (Booth), people I've met (Ross) and location (Anderson). Given that I am transitioning from finance to consulting, I don't believe it's a slam dunk that I have to go to the highest ranking school. I also believe (or at least want to believe) that I will have the same opportunities post-MBA regardless of the school I chose as long as I take care of what I need to take care of. I've been talking to alumni from all the schools to get a sense of the opportunities post graduation and the perception of the various programs. From those conversations I'm convinced that only you can decide what is most important to you. I'd advise you to reach out to IB professionals from Cornell and speak candidly about the decision in front of you.

P.S. I'm leaning towards location but haven't ruled out people or prestige. Gonna hold this option until closer to expiry :-D

For what its worth,..you'll be spending two years at school but a lifetime w/ your degree.....so location probably shouldn't be the deciding factor unless its for alumni network/career placement purposes. And I know this process is very subjective,..but to put it bluntly I think you'd be making a big mistake if you choose Anderson or Ross over Booth. Personally I completely oppose being a slave to the rankings in anyway,...but sometimes when there is a clear and stark distinction in brand and reputation,..you can't help but take that into serious consideration. I think Booth is that far ahead of Ross and Anderson in that sense. But thats just my opinion...ultimately everyone has to decide whats best for them as you said.
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Am I wrong for suggesting that?

There's nothing wrong with asking questions, but I wonder if they're being asked just a little early. This is like the thread where someone was asking Haas vs. Ross w/$$$, but he was still waiting on decisions from Wharton and Kellogg. What was the potential value of asking that question, let alone the potential value of putting time into answering it? I thought to myself, watch this guy get into Wharton or Kellogg, and this entire thread is going to be rendered entirely useless. And then it happened! :o

In the same vein, several people on the Ross thread wanted to throw in the towel while calls were still going out. Oh, it's X:00 pm, so I guess it's over: waitlist for me. Then people are still reporting calls right after that. :o

Same situation here, we could sit here and toss the ball back and forth about the OP companies, except that the exhibit hall map is only half full and we're still more than two months out. Just today, I noticed a new entry on the OP exhibit hall map.

CGSM has powered this thing up over decades. I say lets give them the benefit of the doubt, along with the rest of our CGSM predecessors and their performances/connections, and make our assessments after OP. If any questions are warranted then, I'll contribute anything valuable I can think of to the discussion. :-D

There's also nothing wrong with being disappointed about the lot. If EP and Broad aren't there, I'll be disappointed because it's an opportunity lost. Could I sit around and BS with the CPGs? Sure. Might it be valuable practice networking and interviewing? Sure. Would an internship offer take some stress off of me, even if its in the "wrong" field? Sure. But I'll still be disappointed that those opportunities weren't aligned with the very reason I'm at grad school.

I mean hey, I'm disappointed OP is in Minneapolis and not Honolulu, but I'll still make the most out of it. And so will everyone else despite their potential disappointments. :-D

Who knew so much wisdom could emanate from flyover country. :) I may have to stop pre-judging you guys.
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For what its worth,..you'll be spending two years at school but a lifetime w/ your degree.....so location probably shouldn't be the deciding factor unless its for alumni network/career placement purposes. And I know this process is very subjective,..but to put it bluntly I think you'd be making a big mistake if you choose Anderson or Ross over Booth. Personally I completely oppose being a slave to the rankings in anyway,...but sometimes when there is a clear and stark distinction in brand and reputation,..you can't help but take that into serious consideration. I think Booth is that far ahead of Ross and Anderson in that sense. But thats just my opinion...ultimately everyone has to decide whats best for them as you said.


I agree that location can definitely be a final factor for career placement especially for a west coast school. A buddy of mine at Booth who is going down the marketing career path said there were virtually no Atlanta based companies that visited Chicago but Target, Kraft, Wrigley, Gen Mills were ever present. Though To fix this location problem many east coast (UNC, Emory, UVA, Duke, Dartmouth, ND, Vandy) schools sponsor a joint Career Event called "A Day in the Bay" in SF, in addition to any other career trek out there. So location can even be mitigated.

One of the best quotes I've heard about B school is "You can do anything, but you can't do everything." I'd love take electives at every school I was accepted to and be a banker for 6 months and consultant for the next 6 then 6 more as a marketer in Ohio somewhere where my slightly above 6 figure salary let's me live like a king and I can buy a whole 'nother house just to vacation in... but alas
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mooze
Who knew so much wisdom could emanate from flyover country. :) I may have to stop pre-judging you guys.

lol, hey keep the bar low so it's easier to impress you coastal types :-D
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cto277
mhenning
The decision deadline is approaching and I've narrowed my choices down to Cornell with a scholarship or NYU. My target industry post-MBA is investment banking, but I'm not sure which school I should choose. NYU clearly has the better finance program and the location is an advantage, but I'm not sure what the career prospects look like at Cornell versus NYU for investment banking. Not sure if the $$ at Cornell is worth not attending NYU, or if it even makes a difference.

Does anybody have any thoughts or in a similar situation and having to choose between a scholarship versus location and ranking?

I have a similar situation where I am making a choice between prestige (Booth), people I've met (Ross) and location (Anderson). Given that I am transitioning from finance to consulting, I don't believe it's a slam dunk that I have to go to the highest ranking school. I also believe (or at least want to believe) that I will have the same opportunities post-MBA regardless of the school I chose as long as I take care of what I need to take care of. I've been talking to alumni from all the schools to get a sense of the opportunities post graduation and the perception of the various programs. From those conversations I'm convinced that only you can decide what is most important to you. I'd advise you to reach out to IB professionals from Cornell and speak candidly about the decision in front of you.

P.S. I'm leaning towards location but haven't ruled out people or prestige. Gonna hold this option until closer to expiry :-D

For what its worth,..you'll be spending two years at school but a lifetime w/ your degree.....so location probably shouldn't be the deciding factor unless its for alumni network/career placement purposes. And I know this process is very subjective,..but to put it bluntly I think you'd be making a big mistake if you choose Anderson or Ross over Booth. Personally I completely oppose being a slave to the rankings in anyway,...but sometimes when there is a clear and stark distinction in brand and reputation,..you can't help but take that into serious consideration. I think Booth is that far ahead of Ross and Anderson in that sense. But thats just my opinion...ultimately everyone has to decide whats best for them as you said.

In my most biased voice, this is what a Ross student going to a MBB had to say: "The best you can hope for is to go somewhere that'll help you get in front of a target employer. The rest is up to you." How many consulting firms travel to Booth, but not Ross? :-D

Now, in my unbiased voice, Booth and Ross have roughly equivalent class sizes, but Booth has roughly 2x Ross placement at MBB. If you're truly going into consulting, and you're trying to catch some of that MBB paper, then go to Booth. You're going to be making enough cash to kill off any financial gap pretty quick.
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One of the things I often wonder about folks in the Consortium is a point well-articulated above. One of the most disappointing things about the B-School interview process was that I was never asked to explain what motivated me.

TheSenator has a very interesting thread on his blog pointing out that by his perception many in the Consortium seem to want the bread & butter of going to a school w/o getting the scores. I guess I wonder - for those shooting for MBB in consulting whatever school you choose... why?

What are you hoping to achieve? What's your motivation for your chosen field? You look at method's analysis above and he points out that Booth has twice the placement rate of Ross. I guess if you're only goal is to make a lot of money consulting, that's an awesome stat. But if not, why not?

I guess I wonder, often, about 'the why' of my peers. Would just like some insight as to why that's important. Insights welcome.
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cto277
mhenning
The decision deadline is approaching and I've narrowed my choices down to Cornell with a scholarship or NYU. My target industry post-MBA is investment banking, but I'm not sure which school I should choose. NYU clearly has the better finance program and the location is an advantage, but I'm not sure what the career prospects look like at Cornell versus NYU for investment banking. Not sure if the $$ at Cornell is worth not attending NYU, or if it even makes a difference.

Does anybody have any thoughts or in a similar situation and having to choose between a scholarship versus location and ranking?

I have a similar situation where I am making a choice between prestige (Booth), people I've met (Ross) and location (Anderson). Given that I am transitioning from finance to consulting, I don't believe it's a slam dunk that I have to go to the highest ranking school. I also believe (or at least want to believe) that I will have the same opportunities post-MBA regardless of the school I chose as long as I take care of what I need to take care of. I've been talking to alumni from all the schools to get a sense of the opportunities post graduation and the perception of the various programs. From those conversations I'm convinced that only you can decide what is most important to you. I'd advise you to reach out to IB professionals from Cornell and speak candidly about the decision in front of you.

P.S. I'm leaning towards location but haven't ruled out people or prestige. Gonna hold this option until closer to expiry :-D

YES cto277.... I DO believe you should go with "location". Seeing from my picture we would be sharing the same location and I am definitely biased. But I do agree with your point, I think most schools in the top 20 give their student a wonderful opportunity to legitimately pursue their goals with similar potential outcomes for the same individual (sans ibanking on the east coast, prob better go to top spot). How vehemently to you pursue contacts; how well do you network; are you talented; do you deliver; can you make people like you; are you a leader..... being able you answer those questions and fulfill that criteria will help one supersede the goal attainment of some quantitative, boring introvert the just passed through H/S/W thinking their fancy education is a lottery ticket or a VIP pass to the club, really just preaching to the choir. Im sure just about everyone on here knows a top 10 grad that was still unemployed a year after graduating from a "Mt. Olympus" MBA program ..... all that being said, cto277, you should go to UCLA Anderson as planned and we can both be Hollywood studio executives making 8 figures and boss around movie stars on our cell phone from private jets like they were doing in "Entourage". Those was based on real life jobs that Anderson grads got right???? At least thats what I heard.
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Again... the why?

It's funny, I hear 'it's the money & prestige, stupid' but no one is really willing to take that tack in their application. It's a dance, it's a dance at this level, and the level above it. Answer the simple question, honestly & truthfully, 'What motivates you?'

You'll find a lot out about yourself. And as an ad com who interviews a lot of applicants, it's a question that is inherently revealing because very few ever actually acknowledge what truly motivates them. They pontificate, some can bullshit well, but most who have never considered the question are quite obvious. Because, more often that not, you suspect what motivates you is kind of embarrassing in the grand scheme of things.

Just a thought, in the Consortium context.
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cto277
mhenning
The decision deadline is approaching and I've narrowed my choices down to Cornell with a scholarship or NYU. My target industry post-MBA is investment banking, but I'm not sure which school I should choose. NYU clearly has the better finance program and the location is an advantage, but I'm not sure what the career prospects look like at Cornell versus NYU for investment banking. Not sure if the $$ at Cornell is worth not attending NYU, or if it even makes a difference.

Does anybody have any thoughts or in a similar situation and having to choose between a scholarship versus location and ranking?

I have a similar situation where I am making a choice between prestige (Booth), people I've met (Ross) and location (Anderson). Given that I am transitioning from finance to consulting, I don't believe it's a slam dunk that I have to go to the highest ranking school. I also believe (or at least want to believe) that I will have the same opportunities post-MBA regardless of the school I chose as long as I take care of what I need to take care of. I've been talking to alumni from all the schools to get a sense of the opportunities post graduation and the perception of the various programs. From those conversations I'm convinced that only you can decide what is most important to you. I'd advise you to reach out to IB professionals from Cornell and speak candidly about the decision in front of you.

P.S. I'm leaning towards location but haven't ruled out people or prestige. Gonna hold this option until closer to expiry :-D

For what its worth,..you'll be spending two years at school but a lifetime w/ your degree.....so location probably shouldn't be the deciding factor unless its for alumni network/career placement purposes. And I know this process is very subjective,..but to put it bluntly I think you'd be making a big mistake if you choose Anderson or Ross over Booth. Personally I completely oppose being a slave to the rankings in anyway,...but sometimes when there is a clear and stark distinction in brand and reputation,..you can't help but take that into serious consideration. I think Booth is that far ahead of Ross and Anderson in that sense. But thats just my opinion...ultimately everyone has to decide whats best for them as you said.

I wouldn't relegate location to a criteria of such minor importance. It truly depends on the lens by which your path is viewed. Location can be FAR more important than numerical ranking or finance and consulting derived "prestige" if you're are married, desire a particular network or just want to enjoy your 2 years and the more local option gives you a direct inlet to your long term goals. I really don't see myself reaping the "benefit" of a place like Booth if my wife spend the entire 2 year eatin' on my ass about the fringed weather and I want to elbow my classmates in the jaw because they are buttwhipes (purely anecdotal, I don't know any Booth people). Prestige seems to be far more important pre-mba than post-mba (as I said, except for investments, which just seems to be a junk measuring contest regarding employment) and I would prefer to have a network I can acutally use. How much of a life boost do you really get school #5-#15? Most likely just depends on your location. It just seems the entire mba decision process should be completely situational, and no loose sense of feeling like Billy-Bad-Ass because of the name that will be on your degree should be the determining factor..... but I ain't crazy. I still say all of this within reason. If you look around and you are the smartest and most accomplished person in your class, and career services just gives you a monster and careerbuilder login... then you probably F'ed up
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I wouldn't relegate location to a criteria of such minor importance. It truly depends on the lens by which your path is viewed. Location can be FAR more important than numerical ranking or finance and consulting derived "prestige" if you're are married, desire a particular network or just want to enjoy your 2 years and the more local option gives you a direct inlet to your long term goals. I really don't see myself reaping the "benefit" of a place like Booth if my wife spend the entire 2 year eatin' on my ass about the fringed weather and I want to elbow my classmates in the jaw because they are buttwhipes (purely anecdotal, I don't know any Booth people). Prestige seems to be far more important pre-mba than post-mba (as I said, except for investments, which just seems to be a junk measuring contest regarding employment) and I would prefer to have a network I can acutally use. How much of a life boost do you really get school #5-#15? Most likely just depends on your location. It just seems the entire mba decision process should be completely situational, and no loose sense of feeling like Billy-Bad-Ass because of the name that will be on your degree should be the determining factor..... but I ain't crazy. I still say all of this within reason. If you look around and you are the smartest and most accomplished person in your class, and career services just gives you a monster and careerbuilder login... then you probably F'ed up

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so here's a question: if you had to rewind to june/july and do it all over again- what would you change? While i'm pretty confident about my options and ability to get what i need out of a program that i am funded at I know i would change two things: 1) taking the gmat a bit more seriously- i probably would have started earlier and got a tutor to really push myself on the quant. I didn't realize how dull my math skills got over the years. 2) I wouldn't apply to as many schools throught he consortium. I think in a way the common app was a cop out for me- i figured i would go where the funding was, and didn't do as much research as i should have (visist, talking with students, alumni) to determine which schools were the best fit on the front end. Now, i'm making a decision based on very limited contact because i picked the schools on superficial data, and wound up being funded at multiple schools- something i thought the conosrtium applciation would prevent
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Again... the why?

It's funny, I hear 'it's the money & prestige, stupid' but no one is really willing to take that tack in their application. It's a dance, it's a dance at this level, and the level above it. Answer the simple question, honestly & truthfully, 'What motivates you?'

You'll find a lot out about yourself. And as an ad com who interviews a lot of applicants, it's a question that is inherently revealing because very few ever actually acknowledge what truly motivates them. They pontificate, some can bullshit well, but most who have never considered the question are quite obvious. Because, more often that not, you suspect what motivates you is kind of embarrassing in the grand scheme of things.

Just a thought, in the Consortium context.

Ross did ask us what we're most passionate about, so that's fairly in line with motivation. In general though, I spoke to motivation through the "Why MBA" questions. Yes, I worked in function/industry ABC, picked up skills DEF, and want to change to GHI, but still need JKL to accomplish my goals. Weaved throughout was my answer to the motivation aspect. Why MBA and Why this new career choice (What motivated me to select it).
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One of the things I often wonder about folks in the Consortium is a point well-articulated above. One of the most disappointing things about the B-School interview process was that I was never asked to explain what motivated me.

TheSenator has a very interesting thread on his blog pointing out that by his perception many in the Consortium seem to want the bread & butter of going to a school w/o getting the scores. I guess I wonder - for those shooting for MBB in consulting whatever school you choose... why?

What are you hoping to achieve? What's your motivation for your chosen field? You look at method's analysis above and he points out that Booth has twice the placement rate of Ross. I guess if you're only goal is to make a lot of money consulting, that's an awesome stat. But if not, why not?

I guess I wonder, often, about 'the why' of my peers. Would just like some insight as to why that's important. Insights welcome.

I think we're getting a little deep here. :-D

But going down this road a little further,...the implication of your post (maybe not the implication but atleast the tone) seems to be that choosing a school based on how it can meet your well thought out career objectives is better than selecting prestige in the hopes of landing a less well defined but "lucrative" career. I think thats a wrong assumption to make. Personally, because of my background I feel a strong urge to make as much money as possible because I do have extended family members that will partially rely on me, and the culture I was brought up in values the subordination of personal goals for the good of the group. So for me, thats the "right" thing to do. We know that in the aggregate "prestige" does have an impact on compensation. I think that when somebody chooses money as a key driver the assumptions almost reflexively go to material motives, which isn't always the case. On the flip side, other value systems stress personal fulfillment over monetary success. Neither side is wrong, they're just operating on different systems.

So, in conclusion, I think its pointless to read into anybody's motives regarding these very personal decisions. Usually our motives have many layers and they're rooted in our own values. Its not something that can be judged (not that you were judging it).

Where I think you're going with this is that we should all reflect on our motives before we choose which school to attend,...and I definitely agree with that.
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One of the things I often wonder about folks in the Consortium is a point well-articulated above. One of the most disappointing things about the B-School interview process was that I was never asked to explain what motivated me.

TheSenator has a very interesting thread on his blog pointing out that by his perception many in the Consortium seem to want the bread & butter of going to a school w/o getting the scores. I guess I wonder - for those shooting for MBB in consulting whatever school you choose... why?

What are you hoping to achieve? What's your motivation for your chosen field? You look at method's analysis above and he points out that Booth has twice the placement rate of Ross. I guess if you're only goal is to make a lot of money consulting, that's an awesome stat. But if not, why not?

I guess I wonder, often, about 'the why' of my peers. Would just like some insight as to why that's important. Insights welcome.

I agree that in the context of the consortium application, I was never asked what motivates me, but I was during the interview. I was also able to delve deeper into those questions through the essays in my non-consortium apps as well. I don't believe that you can say that wanting to go into mbb is simply about money because frankly, the other consulting firms outside of the top 3 (lets say 4-10) often pay the same amount. When visiting several schools I often heard the argument that you can either be a 'Big fish in a small pond, or small fish in a large ocean' and I hated that because it made a lot of assumptions. Personally, I see myself as very competitive and can thrive in a large ocean, so organizations with those attributes attract me.

I'm also first generation american in my family, so what keeps me happy and motivated is not only the constant challenge but also the knowledge that I'm making the steps to have an impact in my community.
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AnarchyBunny
Again... the why?

It's funny, I hear 'it's the money & prestige, stupid' but no one is really willing to take that tack in their application. It's a dance, it's a dance at this level, and the level above it. Answer the simple question, honestly & truthfully, 'What motivates you?'

You'll find a lot out about yourself. And as an ad com who interviews a lot of applicants, it's a question that is inherently revealing because very few ever actually acknowledge what truly motivates them. They pontificate, some can bullshit well, but most who have never considered the question are quite obvious. Because, more often that not, you suspect what motivates you is kind of embarrassing in the grand scheme of things.

Just a thought, in the Consortium context.

AnarchyBunny I wish I could have you as a classmate! We can all appreciate in an argument getting to the core of the issue. Money IMHO can not be the biggest motivation, but the financial gain and ROI after an MBA plays a role in everyones desicion. One of the things I dislike about the process is how focus we have to be on finding a job since even before school starts instead of focusing on learning new material and going in depth into subjects. I truly believe that if you go in depth into anything you love, the money will follow you. The real question is "Have you found what you truly love to do?". As we get older and not precisely wiser..lol...we should look back and reflect on our beginings. We can not always silence the EGO, but we can try our best to do it.

I agree with you, sometimes we feel that the success of the MBA applications depends more on how clear can you express noble causes than on who you really are and what really moves you. That is why a lot of people mask their real and core interest.
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TheSenator
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arzad
AnarchyBunny
Again... the why?

It's funny, I hear 'it's the money & prestige, stupid' but no one is really willing to take that tack in their application. It's a dance, it's a dance at this level, and the level above it. Answer the simple question, honestly & truthfully, 'What motivates you?'

We can all appreciate in an argument getting to the core of the issue. Money IMHO can not be the biggest motivation, but the financial gain and ROI after an MBA plays a role in everyones desicion. One of the things I dislike about the process is how focus we have to be on finding a job since even before school starts instead of focusing on learning new material and going in depth into subjects. I truly believe that if you go in depth into anything you love, the money will follow you. The real question is "Have you found what you truly love to do?".

Both awesome insights! Someone above said something about the common application too above, which I thought was great. Seeing as the Consortium Interview was eliminated last year, do you think they asked the question?

It should be either part of the common app or an interview question -- I like it.
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mooze
cto277
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The decision deadline is approaching and I've narrowed my choices down to Cornell with a scholarship or NYU. My target industry post-MBA is investment banking, but I'm not sure which school I should choose. NYU clearly has the better finance program and the location is an advantage, but I'm not sure what the career prospects look like at Cornell versus NYU for investment banking. Not sure if the $$ at Cornell is worth not attending NYU, or if it even makes a difference.

Does anybody have any thoughts or in a similar situation and having to choose between a scholarship versus location and ranking?

I have a similar situation where I am making a choice between prestige (Booth), people I've met (Ross) and location (Anderson). Given that I am transitioning from finance to consulting, I don't believe it's a slam dunk that I have to go to the highest ranking school. I also believe (or at least want to believe) that I will have the same opportunities post-MBA regardless of the school I chose as long as I take care of what I need to take care of. I've been talking to alumni from all the schools to get a sense of the opportunities post graduation and the perception of the various programs. From those conversations I'm convinced that only you can decide what is most important to you. I'd advise you to reach out to IB professionals from Cornell and speak candidly about the decision in front of you.

P.S. I'm leaning towards location but haven't ruled out people or prestige. Gonna hold this option until closer to expiry :-D

For what its worth,..you'll be spending two years at school but a lifetime w/ your degree.....so location probably shouldn't be the deciding factor unless its for alumni network/career placement purposes. And I know this process is very subjective,..but to put it bluntly I think you'd be making a big mistake if you choose Anderson or Ross over Booth. Personally I completely oppose being a slave to the rankings in anyway,...but sometimes when there is a clear and stark distinction in brand and reputation,..you can't help but take that into serious consideration. I think Booth is that far ahead of Ross and Anderson in that sense. But thats just my opinion...ultimately everyone has to decide whats best for them as you said.

I'm sure people in California feel differently about you're assessment of the "clear and stark distinction in brand and reputation" but I do get your point. Again, I understand the differences in the programs but there are "other" factors at play that will help me make my decision. MBB is not the end all be all in my eyes and money is not my primary motivation in life. That being said, I have no problem going to a reputable school (I only applied to programs I would want to attend) and if you look closely at the numbers, there is no difference in median starting salaries for consulting jobs coming out of any of these schools. There are also no guarantees you will land a consulting gig so if plan A doesn't work, plan B would give me the opportunity to not get "stuck" taking a desirable job in an undesirable location, location, location. I'm from Chicago and I've lived in New York so building a strong network on the west coast is a goal that I've had for a long time. I don't want to pass that up.

Suchdaddy - we'll probably be meeting soon although I can offer no guarantees at this point. Still awaiting word on the fellowship or scholarship to make the decision easier. I knew you'd come to my defense!!!
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