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10 Jan 2017, 11:11
Kudos
Bookmarks
Hello everyone,
I am applying to a mix of top Part-Time, Online, and EMBA programs. While brand and network are important to me, the total cost is also very important as I am the sole income provider for me and my wife and we already have existing student debt. We currently live on the West Cost, but we may end up moving to NY/NJ if my wife gets placed into a residency there. Given this, I'd like to hear what people think about the schools I’m applying to – best fit, cost/value, network, alignment with goals, etc.
My profile:
Age: 30
Asian/American
Undergrad major: Chemical engineering at small private STEM school in Northeast
Work: 6.5 years work experience, with quick progression in scope. Experience primarily in retail, consumer goods, and ecommerce, including Amazon. Currently working as a senior manager (ecommerce operations strategy) at a large CPG. Three direct reports and I will be taking on global responsibilities this year.
Short-term Goal: Consulting for CPG/Retail sector or corporate strategy for CPG.
Mid/Long-term: Stay within CPG, but move into Brand/Product Management. Longer term to move into a GM role at a consumer product company.
GMAT: 660 (42Q/39V, IR4, AWA 5.5)
Schools:
Kellogg Weekend PT: $96K w/ employer reimbursement and credit transfer
UNC Kenan-Flagler (Online): ~$90K w/ reimbursement
Indiana Kelley (Online): ~$50K w/ reimbursement and credit transfer
UVA Darden EMBA: $145K
-Kellogg would hands down be my top option, but the thought of paying for travel (and leaving my wife) every weekend is a big consideration.
-Kelley seems to be the most affordable option and strong network, and the online format would allow me to still enjoy my personal life, but not sure how well the online degree will allow me to move into consulting. I’ve heard graduates from UNC and Indiana’s online programs get jobs at firms like Deloitte and Accenture but not sure how much truth there is to that.
-Is UNC worth the extra ~$50K over Indiana's online program?
-Darden’s EMBA format makes sense, but the cost is astronomical...
I welcome any thoughts or suggestions here. What would you do if you were in my shoes? Thanks!
I am applying to a mix of top Part-Time, Online, and EMBA programs. While brand and network are important to me, the total cost is also very important as I am the sole income provider for me and my wife and we already have existing student debt. We currently live on the West Cost, but we may end up moving to NY/NJ if my wife gets placed into a residency there. Given this, I'd like to hear what people think about the schools I’m applying to – best fit, cost/value, network, alignment with goals, etc.
My profile:
Age: 30
Asian/American
Undergrad major: Chemical engineering at small private STEM school in Northeast
Work: 6.5 years work experience, with quick progression in scope. Experience primarily in retail, consumer goods, and ecommerce, including Amazon. Currently working as a senior manager (ecommerce operations strategy) at a large CPG. Three direct reports and I will be taking on global responsibilities this year.
Short-term Goal: Consulting for CPG/Retail sector or corporate strategy for CPG.
Mid/Long-term: Stay within CPG, but move into Brand/Product Management. Longer term to move into a GM role at a consumer product company.
GMAT: 660 (42Q/39V, IR4, AWA 5.5)
Schools:
Kellogg Weekend PT: $96K w/ employer reimbursement and credit transfer
UNC Kenan-Flagler (Online): ~$90K w/ reimbursement
Indiana Kelley (Online): ~$50K w/ reimbursement and credit transfer
UVA Darden EMBA: $145K
-Kellogg would hands down be my top option, but the thought of paying for travel (and leaving my wife) every weekend is a big consideration.
-Kelley seems to be the most affordable option and strong network, and the online format would allow me to still enjoy my personal life, but not sure how well the online degree will allow me to move into consulting. I’ve heard graduates from UNC and Indiana’s online programs get jobs at firms like Deloitte and Accenture but not sure how much truth there is to that.
-Is UNC worth the extra ~$50K over Indiana's online program?
-Darden’s EMBA format makes sense, but the cost is astronomical...
I welcome any thoughts or suggestions here. What would you do if you were in my shoes? Thanks!
13 Jan 2017, 15:45
Kudos
Bookmarks
Hey there old-timer!
Looks like you have been thinking about the MBA for a while, at least based on the join date.
Usually folks will go to PT MBA close to where they live. The PT program is kind of the "local MBA" option really but it has also been a great way for many to get into a high ranked MBA program with less than stellar GMAT score. (WE and Career trump GMAT for PT programs). They also tend to be much less competitive in terms of applicant number and have numerous other benefits including ROI. They are tougher for career changes since schools often do not provide career resources/opportunities/on campus hiring events for PT and EMBA candidates. I believe, however, that Kellogg does but it is a bit blurry on that one.
So this brings to the question, why do you want to do an MBA in a city you are not living? (So Cal or potentially NY area?). You did not get in?
As a career changer, you ideally want to do a FT MBA but I understand your student debt and income dilemma and you gotta do what you gotta do. Your age is borderline for the FT program too, so in a few years you won't be able to do it either; you will have to do EMBA. However, with most programs, you won't capture any savings/income improvement from your degree until sometime in 2020. Depending on your salary, there may not be much difference in taking 18 months completely off for a FT MBA vs. 27 or 30 months for a PT program. However, in either case, you need to figure out your geography first and not go crazy and miss classes because your flight is late or there is a snow storm in Chicago.
You ideally do not want to touch an online MBA with an 11-foot pole. Employers have as much respect for an online MBA as they do for online pharmacies and it remains to be seen how much help they offer with consulting employment (do you know anything about Kelley online program numbers?)
I would suggest expanding the options/list of schools to include ones closer to your current/future residence.
Good Luck!
Looks like you have been thinking about the MBA for a while, at least based on the join date.
Usually folks will go to PT MBA close to where they live. The PT program is kind of the "local MBA" option really but it has also been a great way for many to get into a high ranked MBA program with less than stellar GMAT score. (WE and Career trump GMAT for PT programs). They also tend to be much less competitive in terms of applicant number and have numerous other benefits including ROI. They are tougher for career changes since schools often do not provide career resources/opportunities/on campus hiring events for PT and EMBA candidates. I believe, however, that Kellogg does but it is a bit blurry on that one.
So this brings to the question, why do you want to do an MBA in a city you are not living? (So Cal or potentially NY area?). You did not get in?
As a career changer, you ideally want to do a FT MBA but I understand your student debt and income dilemma and you gotta do what you gotta do. Your age is borderline for the FT program too, so in a few years you won't be able to do it either; you will have to do EMBA. However, with most programs, you won't capture any savings/income improvement from your degree until sometime in 2020. Depending on your salary, there may not be much difference in taking 18 months completely off for a FT MBA vs. 27 or 30 months for a PT program. However, in either case, you need to figure out your geography first and not go crazy and miss classes because your flight is late or there is a snow storm in Chicago.
You ideally do not want to touch an online MBA with an 11-foot pole. Employers have as much respect for an online MBA as they do for online pharmacies and it remains to be seen how much help they offer with consulting employment (do you know anything about Kelley online program numbers?)
I would suggest expanding the options/list of schools to include ones closer to your current/future residence.
Good Luck!
