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blg529
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Kellogg or Anderson ($$$) Updated on: 21 Dec 2011, 16:09
Originally posted by blg529 on 20 Dec 2011, 12:26.
Last edited by blg529 on 21 Dec 2011, 16:09, edited 1 time in total.
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cheetarah1980
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Kellogg or Anderson ($$$) 20 Dec 2011, 12:41
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blg529
I've been fortunate enough to get accepted to my two top choice programs but now I need help making the decision. I was accepted to Kellogg without money and I just found out I got into Anderson with a full ride for both years. Here are the pros/cons of each scenario as I see it:

Kellogg: I want to go into brand management and Kellogg is the best marketing school in the world so you can't go wrong there. Every CPG company I can think of recruits on campus and the cache of a Kellogg MBA will probably open doors in the brand management world down the road in my career as well. I have a lot of friends in Chicago and would absolutely love to move back. The cons are largely financial: my husband and I bought a condo in 2010 that we will have to try to sell in a not-so-great market situation and I will have to pay tuition

Anderson: Anderson may not be on Kellogg's level, but it's still a good school and all the West Coast CPG companies recruit for brand managers, as do some others. My husband and I are both from LA and currently live in LA, so we would get to stay near our families and friends and we wouldn't have to sell our condo. It also means my husband doesn't need to find a new job in Chicago. And of course saving about $100,000 on tuition and fees is a huge pro. The main con is all of the pros of Kellogg that I would be missing out on and I worry that I would look back and regret that I didn't go to Kellogg.

Any opinions and insights would be greatly appreciated. I should mention that I will not have to take out any loans to pay tuition. Thanks!
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Congrats on your two admits. I know you must be stoked. I would say that it's still too early to tell what the money picture will look like for Kellogg. You haven't filled out your FAFSA and aid packages aren't going out for a while. Even though you didn't get a big scholarship up front does not mean that you won't get one at all. I would refrain from pulling the trigger on either school until you find out what K is going to offer up. I don't know about Anderson but Kellogg's deposit deadline is over 2 months away. That gives you a while to figure things out, at least from that side.
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Kellogg or Anderson ($$$) 20 Dec 2011, 12:45
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By no means an expert here, but I like cheetarah's advice. Maybe after everything shakes out a bit, you can ask K for $ in light of the UCLA package?
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Kellogg or Anderson ($$$) 20 Dec 2011, 12:55
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cheetarah1980
blg529
I've been fortunate enough to get accepted to my two top choice programs but now I need help making the decision. I was accepted to Kellogg without money and I just found out I got into Anderson with a full ride for both years. Here are the pros/cons of each scenario as I see it:

Kellogg: I want to go into brand management and Kellogg is the best marketing school in the world so you can't go wrong there. Every CPG company I can think of recruits on campus and the cache of a Kellogg MBA will probably open doors in the brand management world down the road in my career as well. I have a lot of friends in Chicago and would absolutely love to move back. The cons are largely financial: my husband and I bought a condo in 2010 that we will have to try to sell in a not-so-great market situation and I will have to pay tuition

Anderson: Anderson may not be on Kellogg's level, but it's still a good school and all the West Coast CPG companies recruit for brand managers, as do some others. My husband and I are both from LA and currently live in LA, so we would get to stay near our families and friends and we wouldn't have to sell our condo. It also means my husband doesn't need to find a new job in Chicago. And of course saving about $100,000 on tuition and fees is a huge pro. The main con is all of the pros of Kellogg that I would be missing out on and I worry that I would look back and regret that I didn't go to Kellogg.

Any opinions and insights would be greatly appreciated. I should mention that I will not have to take out any loans to pay tuition. Thanks!

Congrats on your two admits. I know you must be stoked. I would say that it's still too early to tell what the money picture will look like for Kellogg. You haven't filled out your FAFSA and aid packages aren't going out for a while. Even though you didn't get a big scholarship up front does not mean that you won't get one at all. I would refrain from pulling the trigger on either school until you find out what K is going to offer up. I don't know about Anderson but Kellogg's deposit deadline is over 2 months away. That gives you a while to figure things out, at least from that side.
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Thanks. The one wrinkle is that I know I won't qualify for any need-based aid, so it would all have to be merit-based. I know a lot of people already got calls about scholarships, so I sort of assumed all of the 100% merit-based scholarships have been doled out.
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Kellogg or Anderson ($$$) 20 Dec 2011, 13:02
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blg529
cheetarah1980
blg529
I've been fortunate enough to get accepted to my two top choice programs but now I need help making the decision. I was accepted to Kellogg without money and I just found out I got into Anderson with a full ride for both years. Here are the pros/cons of each scenario as I see it:

Kellogg: I want to go into brand management and Kellogg is the best marketing school in the world so you can't go wrong there. Every CPG company I can think of recruits on campus and the cache of a Kellogg MBA will probably open doors in the brand management world down the road in my career as well. I have a lot of friends in Chicago and would absolutely love to move back. The cons are largely financial: my husband and I bought a condo in 2010 that we will have to try to sell in a not-so-great market situation and I will have to pay tuition

Anderson: Anderson may not be on Kellogg's level, but it's still a good school and all the West Coast CPG companies recruit for brand managers, as do some others. My husband and I are both from LA and currently live in LA, so we would get to stay near our families and friends and we wouldn't have to sell our condo. It also means my husband doesn't need to find a new job in Chicago. And of course saving about $100,000 on tuition and fees is a huge pro. The main con is all of the pros of Kellogg that I would be missing out on and I worry that I would look back and regret that I didn't go to Kellogg.

Any opinions and insights would be greatly appreciated. I should mention that I will not have to take out any loans to pay tuition. Thanks!

Congrats on your two admits. I know you must be stoked. I would say that it's still too early to tell what the money picture will look like for Kellogg. You haven't filled out your FAFSA and aid packages aren't going out for a while. Even though you didn't get a big scholarship up front does not mean that you won't get one at all. I would refrain from pulling the trigger on either school until you find out what K is going to offer up. I don't know about Anderson but Kellogg's deposit deadline is over 2 months away. That gives you a while to figure things out, at least from that side.

Thanks. The one wrinkle is that I know I won't qualify for any need-based aid, so it would all have to be merit-based. I know a lot of people already got calls about scholarships, so I sort of assumed all of the 100% merit-based scholarships have been doled out.
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Nope, all the scholarships aren't gone by a long shot. There's still R2 and R3 applicants. While many of the big awards are announced with the admit call there are smaller scholarships that will be announced later. And some people turn down the big scholarships and someone else gets it. It is way too early to think that the money well has dried up at Kellogg.

I've been on the Kellogg admitted students site and saw the cost of attendance. It's definitely daunting. However, try not to panic yet and make snap decisions based off of very limited information. That UCLA scholarship might be the key to getting some $$ out of K in the the long run (although I wouldn't play that chip just yet).
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Kellogg or Anderson ($$$) 20 Dec 2011, 13:31
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cheetarah1980

Nope, all the scholarships aren't gone by a long shot. There's still R2 and R3 applicants. While many of the big awards are announced with the admit call there are smaller scholarships that will be announced later. And some people turn down the big scholarships and someone else gets it. It is way too early to think that the money well has dried up at Kellogg.

I've been on the Kellogg admitted students site and saw the cost of attendance. It's definitely daunting. However, try not to panic yet and make snap decisions based off of very limited information. That UCLA scholarship might be the key to getting some $$ out of K in the the long run (although I wouldn't play that chip just yet).
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I'm eaves-dropping on this conversation and thought I'd chime in with a general admissions question.
Is it common (or not unheard-of) for schools to award scholarships to admitted applicants a month or two after the decision date? Could Kellogg, in this situation, just email an admitted student in February and say "Hey, here's some more scholarship money." Or is that sort of thing exceptionally rare? Congrats on two great acceptances, by the way.
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Kellogg or Anderson ($$$) 20 Dec 2011, 19:59
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Kellogg gives lots of scholarships out when they provide financial aid. Extremely unlikely to get a full ride, but 15-20k is possible. There is a lot to be said about graduating debt free and is something to seriously consider. However, you can only do this once so it isn't necessarily the only factor.

I have friends that went to second tier schools (relative to the M7) and most are doing well, but some are struggling. Understand that going to a top school is not a golden ticket entitling you to everything you dream but when the economy tanked you were much better off recruiting out of a bigger name school. Who knows what the job market has in store for us the next three years. Not to say Anderson is not a great school, but it is something to evaluate in terms of your personal career path. Look on linkedin for alums of both schools to see if there are any at your target companies, and what positions they are in. Not to say you can't be the first, but a lot of jobs come from recruiting (look at recent employment reports) and/or from networking.

Not paying $1,500-$2,000 a month worth of student loans is very appealing. In reality a full ride tuition wise would still equate to 50k or so of living and misc. expenses so unless you got the cash you still will be paying $500-$750 but that still pales compared to what a full load of debt will be. That said, the debt may be worth it to you if you have a much better chance at your dream job. I am more than happy to pay my loans each month and feel the investment was worth it...but yes I would love not to have that hit on my account every month.
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Kellogg or Anderson ($$$) 21 Dec 2011, 06:30
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So I'm facing a very similar scenario with these same two schools, and I'm absolutely torn. Like you, I also want to do brand management so passing on Kellogg is tough. That said, going back to LA is one of my dreams, and the money helps too. My biggest fear at UCLA is that I won't end up at Mattel/Nestle, and I will have to look for other brand management roles in LA that might not be as appealing to me. I know of Anderson students at both companies, but from what I was able to tell, it's super competitive to get in.
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Kellogg or Anderson ($$$) 21 Dec 2011, 10:38
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FYI I received a scholarship offer from Kellogg about a month after I was initially admitted, so I would give it some time before discounting any chance of a merit-based scholarship from Kellogg.
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Kellogg or Anderson ($$$) 12 Mar 2012, 19:32
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So many full rides here on gmatclub, awesome!

Again, a FULL ride vs NOTHING makes it easy to go to the one with the full ride. Wait to see if Kellogg gives you anything, if it's at least $30k-$40k, then I would do Kellogg, but if it's nothing or only $10k or so, then I would take the $100k from Anderson.

Anderson wants you bad if they are giving you a full ride, and companies understand that top-notch students such as you sometimes go the financially prudent route rather than the name-recognition route and go with schools like Anderson vs Kellogg. If I were hiring, I would definitely check for "diamonds" everywhere, and at Anderson, you'll stand out as well.