Trouble Deciding

Question

Chicago Booth (no money) or Duke Fuqua (half tuition)?

One of my main problems is I'm not sure what I want to do after graduation. I do know that I want to live in the south (GA, TX, FL). Normally I would take Booth over Fuqua hands down, but i'm not sure whether Booth gives me enough of a edge in the job search in the south to be worth an additional 50-60k in loans.

That being said, anyone know of regional job placement statistics for both schools, i.e. states/regions students accepted jobs in, and what those jobs were? I tried contacting both career centers but none have gotten back to me yet.

pranrasvij · Answer

congrats! this is a good problem to have

I would take the $$ over name. Duke is well known as well.

scollette · Answer

I am always a believer of going to the better school and better brand name. Although Duke is a good program/brand name, Booth is undoubtedly superior in almost any business related career path, even if you are set on the South. Go to Booth and dont look back.

Av · Answer

Ayz, I'd caution you not to take this advice too seriously. As students from both Booth and Duke will tell you, it depends. If the companies you're interested in recruit at both schools (for the job you're interested in), I think it's a pretty reasonable decision to go to Duke and enjoy the savings. There are definitely some doors that will be open at Booth that won't be as easily opened at Duke, but that's only significant if A) you're interested in the job and B) you're qualified enough for the job to stand above your peers.

Given that you're still undecided on the exact career path you're interested in, you should try to identify the true differences between the schools. Just because someone says "Booth is undoubtedly superior in almost any business related career path," doesn't mean it's true.

I'd choose Booth over Duke if they were equally priced, but I'd have a hard time spending an extra $50-60k if I didn't know exactly how I was going to benefit from it. Keep in mind, cost of living is significantly higher in Chicago as well.

oldguru82 · Answer

In my opinion, you have a lifetime decision to make. 50-60K should be out of the equation.

shadow · Answer

in some areas, booth has a clear advantage over fuqua. some of these include job placement for private equity, as well as for some of the most highly sought after general management rotational positions. i believe i read somewhere that the GE (?) rotational program only recruits at a handful of schools, including HBS and booth, and maybe stanford.

for everything else, i'm not convinced that one school is hands down better than another, especially given your geographic preferences and the fin aid involved. after all, your school's reputation isn't going to get you a job, it's going to be your interviewing skills and ability that will ultimately land you the job you want

AceofSpades · Answer

I agree here. If I were you I would go with Booth hands down. I guess it really depends on what you want out of your MBA and what your future plans are.

milias · Answer

I believe it's Dow Chemical that recruits exclusively at HBS and Booth for their rotational program. I hear sometimes they hire from Ross, too. I think they stopped hiring from Wharton, because they didn't like the kids from there. Dang, I feel bad for calling b-school graduates kids (carry-over from BW forums), b/c I'm going to be a "kid" in a couple of years, too. Oh well.

As to the OP's question, I'd listen to Avernusaur's advice.

coaks · Answer

There's some great advice on both sides of the argument here. 50-60K is no small amount, but as an investment, it is also a surmountable burden. Duke and Booth are both excellent programs and offer strengths in certain areas. If you wanted to switch into certain industries and locations (healthcare, the southeast), having a Duke MBA might be a better option. As shadowsjc said though, there are a number of industries and programs for which Booth has a significant and quantifiable advantage out of the gate, but it will all come down to your own personal efforts and performance in interviews and on the job.

Really, whenever I see these School X v. School Y questions, it always strikes me that you're overthinking it. When you applied to the schools, interviewed, visited campus, got your decisions and started imagining your next couple of years, you probably got a feeling in your gut about which school would be the best place for you. Just listen to your gut and stop worrying about it.

bschbound · Answer

If you are not sure what you want to do after graduation, I would go to Duke. It makes no sense to go to Booth, take on the debt to go find yourself when you have a school that is in the region that you want to end up in.

Yes, Booth has advantages in certain industries like finance, but if you don't know what you want to do, you will likely be exploring different industries and roles and that is not going to get you into some of the more competitive industries that Booth will give you access to. To get into those industries, you almost have to have laser focus.

My point is most likely you will not reap any of the advantages that Booth has over Duke, if you are not even sure what you want to do. On the other hand, at Duke you will have the opportunity to explore different roles/industries and have greater access to the South and ultimately, for less money.

In my opinion, the Booth brand is not strong enough to overcome the issues I have outlined. On the flip side, the Duke brand is not too shabby either. This is not College of South Atlanta or something we are talking about here.

Don't buy into the brand thing too much especially since you are not clear about your future goals. I think that for someone who wants to explore and wants to end up in the south, Duke is offering a better deal.

tdave · Answer

I don't know your individual circumstances but I do have a friend who was in a roughly similar situation (Duke vs. Georgetown with $$$) two years ago and decided to attend Duke. He just graduated with big loans and still can't find a job. Over dinner the other day, he told he wishes he had gone to the school that offered him a scholarship. Of course, his regrets might disappear as soon as he finds a job so take this with a grain of salt. Good luck!

aveekguha · Answer

Very tough call -- while it is a career decision, frankly after 8-10 years out of b-school its not going to matter where you got your MBA, more about what you've done with it. If Booth, however, opens that first door in a way that Duke won't, I would go for it.

Good Luck!
Aveek Guha, President, www.mbadaycamp.com

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