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porcupine14
Joined: 04 Jan 2020
Last visit: 26 Jun 2023
Posts: 7
Location: India
Schools: Stern '25 (A) Cornell '25 Fuqua '25
GMAT 1: 730 Q50 V38
20 Dec 2022, 10:26
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Really confused between Cornell Johnson and Stern. Looking at the employment reports, both report the same median salaries for consulting. Stern has a clear advantage of access to opportunities, a lower acceptance rate, and a better ranking but is very expensive (I didn't receive any scholarship). On the other hand, Cornell has an "ivy" advantage (but not sure if that plays out in the MBA space). Is Stern worth the expense? Would love to get some guidance around this decision.
20 Dec 2022, 10:37
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Congrats!
Consulting salaries are largely the same regardless of the school…. With only some cities and locations paying more (NYC) being one.
Actually apparently the best paying salaries in consulting may be at Deloitte. Not MBBs.
Unless you really wanted to be in the city, and settle there, I don’t see a ton of reasons to let that scholarship go to waste. Stern is also one of the most expensive cost of living programs 😬
Keep in mind though Johnson is all about placing into finance, IB and fancy things like PE. So clubs and events will often be driven by that. Consulting is the second area and I can’t remember Stern’s focus from memory, but MBB access should be just fine. You can also apply for the pre-MBA internships that happen in the summer and I highly recommend that you do for either program. Getting in and clearing the sole interview will give you a summer internship next year and automatically a job 2 years later. Will be 2 of the most relaxing years of your life. BUT! MBB and consulting are competitive! Make sure you have a plan B as there is a good chance you will be recruiting for that…. Often people choose based on aspirations but end up a bit of a mess when being realistic.
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Consulting salaries are largely the same regardless of the school…. With only some cities and locations paying more (NYC) being one.
Actually apparently the best paying salaries in consulting may be at Deloitte. Not MBBs.
Unless you really wanted to be in the city, and settle there, I don’t see a ton of reasons to let that scholarship go to waste. Stern is also one of the most expensive cost of living programs 😬
Keep in mind though Johnson is all about placing into finance, IB and fancy things like PE. So clubs and events will often be driven by that. Consulting is the second area and I can’t remember Stern’s focus from memory, but MBB access should be just fine. You can also apply for the pre-MBA internships that happen in the summer and I highly recommend that you do for either program. Getting in and clearing the sole interview will give you a summer internship next year and automatically a job 2 years later. Will be 2 of the most relaxing years of your life. BUT! MBB and consulting are competitive! Make sure you have a plan B as there is a good chance you will be recruiting for that…. Often people choose based on aspirations but end up a bit of a mess when being realistic.
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21 Dec 2022, 06:33
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Hey buddy,
Congratulations on the offers. Both are awesome schools. If I were you, I would choose the Cornell offer.
1. I feel Cornell & NYU both would give you access to same placements. (Please re-verify the employment report and talk to some alums).
2. Having completed my MBA and almost broke from it, trust me the financial burden is not an easy feeling. 80k is not a small amount. Plus NYC can be very expensive (add also the non-school expenses such as rent, partying, traveling, socializing etc. which can be substantial).
3. NYU does have better bragging points than Cornell but personally I feel 10 years down the line when you are placed in MBB or any such, nobody would really care if you are from NYU or Cornell. All would be in the same rat race,
. If it were IB though, then probably NYU would have an advantage.
4. Also consider Ithaca vs NYC. Ithaca is great for Ski lovers but doesn't have the same city feel as of course NYC. Also, non-campus life can be dull. Again, I really don't care about this point but it seems a lot of people do.
In hindsight, I would have personally liked to decrease the financial burden from an MBA. Yes, it gives you great opportunities but the average payback time can be very long (for some schools, even 10 years). You can do a quick calc on this too.
All the best.
Congratulations on the offers. Both are awesome schools. If I were you, I would choose the Cornell offer.
1. I feel Cornell & NYU both would give you access to same placements. (Please re-verify the employment report and talk to some alums).
2. Having completed my MBA and almost broke from it, trust me the financial burden is not an easy feeling. 80k is not a small amount. Plus NYC can be very expensive (add also the non-school expenses such as rent, partying, traveling, socializing etc. which can be substantial).
3. NYU does have better bragging points than Cornell but personally I feel 10 years down the line when you are placed in MBB or any such, nobody would really care if you are from NYU or Cornell. All would be in the same rat race,
. If it were IB though, then probably NYU would have an advantage.4. Also consider Ithaca vs NYC. Ithaca is great for Ski lovers but doesn't have the same city feel as of course NYC. Also, non-campus life can be dull. Again, I really don't care about this point but it seems a lot of people do.
In hindsight, I would have personally liked to decrease the financial burden from an MBA. Yes, it gives you great opportunities but the average payback time can be very long (for some schools, even 10 years). You can do a quick calc on this too.
All the best.
