I went through a similar situation last year, and I decided to wait. Although a bird in the hand is better than two in the bush, if you can imagine yourself ten years from now thinking to yourself, "what if I had gone to one of the higher ranking schools?" then it might be better to wait and reapply.
With that said, I would like to give you some food for thought.
- There is a possibility that you might end up getting rejected by the same schools, plus Ross, when you apply again. The MBA application process is a crapshoot. The things that make you appealing to Ross now might not be the same things that they would be looking for in b-school applicants a couple of years from now. You have an admit from a great school now, and there's a possibility of you getting a goose egg the next time you apply. Are you willing to take this risk?
- I understand that you genuinely want to join the Peace Corps, and I applaud you for this. My question is... Is this in any way, shape or form relevant to your future goals? If not, how do you intend to explain to the AdComs that this was not something that you did just to impress them or potential employers?
- Is the MBA a means to an end, or is your goal just to have a school with a global brand on your resume? What do the other schools offer that Ross doesn't? Are these things worth waiting a couple of years for?
- Do you think that Ross can ultimately help you achieve your goals? If so, then the smart thing is to go now. If not, why did you apply to begin with?
- What is it that you want to get from the White House Page gig? Is it actual experience working for the government that you are after, or is it just the wow factor of having it on your resume? Think about what YOU want to do, and then focus on getting an internship in the industry that you want to be in.
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