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30 Mar 2021, 06:07
Kudos
Bookmarks
Hello everybody,
I am currently employed in an aerospace company making six figures and a reserve army officer based out in Southern California (though I am open to relocating in the future probably to Texas); I'm looking to do an online MBA to prepare myself to become a program or product manager either within my current organization and field or branch out to other organizations in that role.
I've been offered $15,000 towards my tuition for the USC OMBA program and my company is willing to cover up to $15,000 a year.
Being that I am also an alumni of USC from undergrad, is it worth the $80,000 premium for tuition for the USC OMBA program over the $24,000 total tuition for BU? Or is the Marshall brand that much more worth it? With the scholarship and employer assistance in mind, USC would still cost me $64000 + taxes (from employer assistance) out of pocket while I'll probably only have to pay taxes on the tuition assistance for BU.
Looking forward to see your thoughts
Thanks!
I am currently employed in an aerospace company making six figures and a reserve army officer based out in Southern California (though I am open to relocating in the future probably to Texas); I'm looking to do an online MBA to prepare myself to become a program or product manager either within my current organization and field or branch out to other organizations in that role.
I've been offered $15,000 towards my tuition for the USC OMBA program and my company is willing to cover up to $15,000 a year.
Being that I am also an alumni of USC from undergrad, is it worth the $80,000 premium for tuition for the USC OMBA program over the $24,000 total tuition for BU? Or is the Marshall brand that much more worth it? With the scholarship and employer assistance in mind, USC would still cost me $64000 + taxes (from employer assistance) out of pocket while I'll probably only have to pay taxes on the tuition assistance for BU.
Looking forward to see your thoughts
Thanks!
30 Mar 2021, 11:24
Kudos
Bookmarks
Welcome to GMAT Club!
Congrats on your admit! I did not realize they charged taxes on tuition! not something I have ran into often but you may want to double-check that. Hopfully I am not wrong
As to the program choice and options. If you already have the USC network (even if undergrad) that is a big part of the USC value and frankly the undergrad prestige of USC is a lot higher than of the business school or the online program.
I am surprised at your choice of BU. There is the UNC and Fuqua that offer online programs or hybrid. They are expensive though but look very impressive on paper. Not trying to give you a run around but just wondering why BU, were they offering no-GMAT admission?
P.S. If I had to choose purely between USC and BU at no cost, taking into consideration how you are planning to leverage your MBA degree, and the fact that you have the USC network, I think BU would do just fine what you are expecting it to give you. Keep in mind that online programs do not have the recruiting component and while you may run into a job on the school's board of job postings, I would not expect it.
That would be my gut feel with the info you presented.
BB
Congrats on your admit! I did not realize they charged taxes on tuition! not something I have ran into often but you may want to double-check that. Hopfully I am not wrong
As to the program choice and options. If you already have the USC network (even if undergrad) that is a big part of the USC value and frankly the undergrad prestige of USC is a lot higher than of the business school or the online program.
I am surprised at your choice of BU. There is the UNC and Fuqua that offer online programs or hybrid. They are expensive though but look very impressive on paper. Not trying to give you a run around but just wondering why BU, were they offering no-GMAT admission?
P.S. If I had to choose purely between USC and BU at no cost, taking into consideration how you are planning to leverage your MBA degree, and the fact that you have the USC network, I think BU would do just fine what you are expecting it to give you. Keep in mind that online programs do not have the recruiting component and while you may run into a job on the school's board of job postings, I would not expect it.
That would be my gut feel with the info you presented.
BB
30 Mar 2021, 11:35
Kudos
Bookmarks
bb
Thank you, I appreciate the insightful response!
The taxes are for the tuition assistance given by my employer; any assistance above $5000 annually would be considered extra income and therefore taxed so I'm adding that into consideration.
With BU I definitely considered the no GMAT admission but the biggest consideration was the tuition value. BU is still very respectable and for the cost it seems to be a great value, so I was very intrigued.
I did look at a few other programs, specifically IU Kelley and Ross but considering my current income I wasn't sure if I wanted to justify spending that much more on tuition for something that may or may not be impactful in the future. Just wasn't exactly sure at the time but there's still a possibility later if I decide that my decision was not the right one - especially if I choose BU and regret not going for a more prestigious program.
