If you are not already sick of such questions, please help me here with a dilemma.
First the complete application season status:Wharton, Booth (ding w/ interview), Sloan (ding w/o interview)
Tuck (Admit)
Darden (Admit w/$$$ + chance to interview for Jefferson fellowship which would also cover living expenses +$3,000/yr stipend)
LBS, Haas (WLed)
Kellogg (Applied R2, no result out yet, of course)
I will admit Tuck was one of my first loves and till a few days back (before the Darden scholarship info) I didn't even consider not going to Tuck. But now I feel I am in a massive dilemma regarding the situation - Darden is really keen on having me and $110k+ over two years is nothing to sneeze at while Tuck refused my request for any $$.
My background is: Indian/M/CFA/Engineer with 5+ years in third-party research services (mainly fixed income). I am a bit uncertain about the direction of my career. Off the bat, I would try to get an summer internship with GS/JPM/UBS etc. and try to get a full-time offer (FTO). I plan to meet the full cost of education through loans and a FTO would be really important to get over the sinking-in-debt feeling. Assuming the said FTO materializes, I would like to explore opportunities beyond ibanking in my second year such as with IFC, WB or just plain ol' corp. finance. Investment banking is a close plan B if these options do not play out well. I would ideally like to get back to India/HK/Singapore in 7-10 years post-MBA.
Making lifelong friends and quality of life are very important considerations while at both during
MBA and beyond that. Much more important than slight differences in salary. That being said, I am sensitive to career opportunities (does it open doors?) and quality of network (will people bat for me if I want to move into PE in Asia 3-4 years down the line?).
So here is how my analysis breaks down to:
Tuck+ Ivy league, top-10, bigger brand (just my perception?)
+ Highly regarded alum network
+ Relatively strong connections to PE (and many students with prior IB/PE exp; I know I wouldn't get in but the network is important I suppose given my ambivalent career goals)
- No $; a longer debt repayment period
- Very cold winters (but then I dont mind the idea of skiing

)
Darden+ Top-15 (though not THAT below Tuck in US News rankings)
+ Full tuition + chance at Jefferson Fellowship (Full cost of attendance + up to $3000/yr stipend) (My client, who is in sell-side research, says if you are getting full ride and fellowship, the school will cater special attention to see you get placed and the fellowship will help me distinguish my resume better, any idea on the validity of that opinion?)
- Top-15 is lower than top-10
- I somehow like the sound of Boston/NY better than GA (note that I have never been to the states)
#Not sure about either school's standing with IFC et al.
Would I be really foolish to give up on greater long-term benefits with Tuck for short-term benefits? Or is Darden here a "no-brainer" (as my client says)?