UCLA v. Toronto ($)
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02 Apr 2018, 16:59
Facing a dilemma. I've received an acceptance from UCLA and UToronto (w/ only 10k scholarship). I am currently a Canadian citizen working in Canada, and I do not have a preference as to where I want to work in the future. Post-MBA I am shooting for consulting, and long-term back to healthcare. I have done some reflections and weighed pros and cons below:
UCLA
Pros:
- More friends and family in LA than Toronto
- Said friends and family work in the companies that I am interested in
- A lot more elaborate start-up scene (secondary career interests)
- Statistically better chance at landing consulting than Toronto
- If consulting does not work out, I may be able to branch off to pharma/biotech (I fortunately have connections in Cali for the industry)
- Education is better with a lot more opportunities for international exposure
- Really want to try my hand at an academic internship
- Felt A LOT more support from UCLA Anderson's admission office, students, and alumni than Toronto.
Cons:
- Gotta pay full sticker price (have savings but still would need to take at least 120K) with higher COL
- h1b visa lottery is a big concern
- Not sure how consulting offices in Canada look at UCLA graduates, if I do not land a spot in LA
Toronto Rotman
Pros:
- May stand out more since I have western corporate experience + higher GMAT score than average.
- Grades disclosed: I have confidence that I can do well in class settings
- No visa issues
- Cheaper tuition + living
Cons:
- Limited consulting opportunities
- No real job alternatives that would provide a significant salary bump if I do not get into consulting
- MBAs are kind of known as dime a dozen in Canada; employment for MBA graduates is very limited
- Grades disclosed: If I want to land a top tier/2nd tier consulting, I need to get into the Dean's list
- Weaker economy than US
Overall, I see it as a risk either way. Anderson provides a better option in terms of career opps; however, with visa concerns and paying full tuition. Toronto is cheaper; however, it won't be worth it if I don't make it into consulting. Would love your advice!!!