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niharikaagrawal98
Current Student
Joined: 07 Aug 2021
Last visit: 19 Jun 2022
Posts: 13
Own Kudos:
Given Kudos: 9
Location: India
Schools: Booth '24 Columbia CBS '24 Fuqua '24 Harvard '24 ISB '23 Kellogg '24 LBS '24 Stanford '24 Tuck '24 Wharton '24 Yale '24 Stern '24 Anderson '24 (II) Johnson '24 (A$)
GMAT 1: 750 Q50 V41
GPA: 3.32
Products:
Schools: Booth '24 Columbia CBS '24 Fuqua '24 Harvard '24 ISB '23 Kellogg '24 LBS '24 Stanford '24 Tuck '24 Wharton '24 Yale '24 Stern '24 Anderson '24 (II) Johnson '24 (A$)
GMAT 1: 750 Q50 V41
Posts: 13
Kudos:
12
24 Mar 2022, 13:00
Kudos
Bookmarks
Hi everyone,
I received my admit from UCLA Anderson 2 days ago with a $70k fellowship (split equally in the two years), but I'm having a hard time deciding whether to go for it or not. My other options are NYU Stern (no scholarship), ISB in India, and I am still waiting to hear back from Cornell.
A little about my background - I have completed my under-graduation in Business Economics from Delhi University in India, and have 2 years & 8 months of experience working as a Risk Consultant at KPMG India. I want to pivot to corporate finance or general management/strategy roles post my MBA. However, I don't want to limit myself strictly to these options.
I have the following things in mind when it comes to deliberating amongst these schools:-
ISB- it is definitely a more convenient option for me because it is closer to home, easy to finance, only one-year course and top-ranked in India. However, it is not the best known b-school for finance, especially if you have no work experience in Finance. Plus, the exposure, when I compare with other b-schools in the US, is not so great.
NYU Stern- It is one of the best b-schools located in the world's finance mecca. However, it is extremely expensive (especially with no scholarship) and the living expenses in NYC are high too. I am worried about the stress that would come along with such a big amount of loan, especially with a course as demanding as an MBA.
UCLA Anderson- I have a scholarship, which eases the financial burden a bit, it is closer to some relatives in the US, it is well known for strategy roles or other roles in the tech industry.
In case of Cornell, if I get through, it's less expensive than NYU Stern and a well-known finance school.
I have always wanted to go to the US because of the exposure you get during your education, and not to settle there necessarily. I might want to move back to India after repaying my loan spending a few years there.
It would be immensely helpful if you can share any insights you might have or correct me wherever I'm wrong. Thank you in advance and apologies for the long write-up!
I received my admit from UCLA Anderson 2 days ago with a $70k fellowship (split equally in the two years), but I'm having a hard time deciding whether to go for it or not. My other options are NYU Stern (no scholarship), ISB in India, and I am still waiting to hear back from Cornell.
A little about my background - I have completed my under-graduation in Business Economics from Delhi University in India, and have 2 years & 8 months of experience working as a Risk Consultant at KPMG India. I want to pivot to corporate finance or general management/strategy roles post my MBA. However, I don't want to limit myself strictly to these options.
I have the following things in mind when it comes to deliberating amongst these schools:-
ISB- it is definitely a more convenient option for me because it is closer to home, easy to finance, only one-year course and top-ranked in India. However, it is not the best known b-school for finance, especially if you have no work experience in Finance. Plus, the exposure, when I compare with other b-schools in the US, is not so great.
NYU Stern- It is one of the best b-schools located in the world's finance mecca. However, it is extremely expensive (especially with no scholarship) and the living expenses in NYC are high too. I am worried about the stress that would come along with such a big amount of loan, especially with a course as demanding as an MBA.
UCLA Anderson- I have a scholarship, which eases the financial burden a bit, it is closer to some relatives in the US, it is well known for strategy roles or other roles in the tech industry.
In case of Cornell, if I get through, it's less expensive than NYU Stern and a well-known finance school.
I have always wanted to go to the US because of the exposure you get during your education, and not to settle there necessarily. I might want to move back to India after repaying my loan spending a few years there.
It would be immensely helpful if you can share any insights you might have or correct me wherever I'm wrong. Thank you in advance and apologies for the long write-up!
aalam383
Current Student
Joined: 10 May 2016
Last visit: 10 May 2023
Posts: 52
Own Kudos:
Given Kudos: 123
Location: United States (NY)
Schools: Jones (A$$) Foster '24 (A$$$) Booth '24 McCombs '24 (A$) Stern '24 (A) Anderson '24 (M$$) Marshall '24 (A$$$$)
GMAT 1: 740 Q49 V41
Products:
Schools: Jones (A$$) Foster '24 (A$$$) Booth '24 McCombs '24 (A$) Stern '24 (A) Anderson '24 (M$$) Marshall '24 (A$$$$)
GMAT 1: 740 Q49 V41
Posts: 52
Kudos:
35
24 Mar 2022, 13:28
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Hi Niharika
I am in same situation as you (got no $ from NYU and 70k from UCLA). I went with UCLA. My reasoning is unless I want to go into IB or you are MBB or bust, NYU did not make sense. The cost differential (almost $100k in tuition alone) is too high for brand and networking, which I will agree is the best. Moreover, with the inflation and the war, the economic outlook looks very uncertain and the last thing I want to deal with after I graduate is a huge debt load.
It's a very personal and difficult decision. NYC is the best city in the world IMO, but the debt is what is keeping me away. So if you are young and willing to put in hours post MBA and don't have a family commitments, you can pay the debt pretty easily.
Hope this helped!
I am in same situation as you (got no $ from NYU and 70k from UCLA). I went with UCLA. My reasoning is unless I want to go into IB or you are MBB or bust, NYU did not make sense. The cost differential (almost $100k in tuition alone) is too high for brand and networking, which I will agree is the best. Moreover, with the inflation and the war, the economic outlook looks very uncertain and the last thing I want to deal with after I graduate is a huge debt load.
It's a very personal and difficult decision. NYC is the best city in the world IMO, but the debt is what is keeping me away. So if you are young and willing to put in hours post MBA and don't have a family commitments, you can pay the debt pretty easily.
Hope this helped!
niharikaagrawal98
Current Student
Joined: 07 Aug 2021
Last visit: 19 Jun 2022
Posts: 13
Own Kudos:
Given Kudos: 9
Location: India
Schools: Booth '24 Columbia CBS '24 Fuqua '24 Harvard '24 ISB '23 Kellogg '24 LBS '24 Stanford '24 Tuck '24 Wharton '24 Yale '24 Stern '24 Anderson '24 (II) Johnson '24 (A$)
GMAT 1: 750 Q50 V41
GPA: 3.32
Products:
Schools: Booth '24 Columbia CBS '24 Fuqua '24 Harvard '24 ISB '23 Kellogg '24 LBS '24 Stanford '24 Tuck '24 Wharton '24 Yale '24 Stern '24 Anderson '24 (II) Johnson '24 (A$)
GMAT 1: 750 Q50 V41
Posts: 13
Kudos:
12
25 Mar 2022, 11:23
Kudos
Bookmarks
Thank you so much! This really gives me perspective.
