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30 Jan 2013, 08:19
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Hi Everyone – I just finished up my application cycle and have been fortunate enough to have the choice to decide between 2 amazing schools: CBS and Sloan. I’m hoping to make the decision soon so as to meet the deposit deadlines and free up my spot for someone on the waitlist as I know how nerve racking that experience can be.
First a little on my background, I’m a bit of a non-traditional candidate. I majored in Economics at a top 10 undergrad institution but then decided to work in the government/non-profit world for 3 years. I’m hoping to use the MBA to transition into Management Consulting in the short run and then VC/PE in the long run. Here are the factors I’m weighing.
Financial Aid
This is perhaps the most important factor at the moment. Unforunately, I graduated with a very large undergraduate debt load and my work experience in gov/non-profit has not allowed me to save much. At the moment, neither school has offered scholarships, but there is still a chance at both merit and need based scholarships. My question here is: which school provides the most need-based scholarships? In addition, how do I navigate the financial aid process in anticipation of approaching deposit deadlines? It seems like I would have to make a decision based in incomplete information from both schools…
Career Prospects
Both schools place well in consulting it seems. However, for a non-traditional candidate, which would provide for the best support system for securing a job at MBB. I’m particularly interested in knowing people’s thoughts on securing internships at top firms at CBS vs. Sloan. What about in the long run trying to get into VC/PE. It seems MIT has the edge in this area but CBS has been placing well lately especially in NYC.
Academics
Both schools have a great core curriculum that will be great for someone like me coming in with a non-traditional background. However, Sloan seems to be more quantitative and intense – particularly in that first semester.
Student Life
It seems that Sloan is more tight-nit and that students there interact more as opposed to Columbia which is larger (in terms of student body) and more spread out. I could see myself being happy at both Cambridge or NYC. I’m from the Midwest and haven’t spent much time at either school, but location wise, NYC might have the slight edge over Boston.
Overall Prestige
Seems like the two schoosl are on par with each other. MIT might have the slight edge in MBA circles, but CBS is recognized more outside the MBA world.
As you can tell this is really going to be a tough decision (especially since I probably won’t know about financial aid till after the deposit deadlines). That being said, I do value the opinions on this forum so any and all feedback would be very much welcomed.
First a little on my background, I’m a bit of a non-traditional candidate. I majored in Economics at a top 10 undergrad institution but then decided to work in the government/non-profit world for 3 years. I’m hoping to use the MBA to transition into Management Consulting in the short run and then VC/PE in the long run. Here are the factors I’m weighing.
Financial Aid
This is perhaps the most important factor at the moment. Unforunately, I graduated with a very large undergraduate debt load and my work experience in gov/non-profit has not allowed me to save much. At the moment, neither school has offered scholarships, but there is still a chance at both merit and need based scholarships. My question here is: which school provides the most need-based scholarships? In addition, how do I navigate the financial aid process in anticipation of approaching deposit deadlines? It seems like I would have to make a decision based in incomplete information from both schools…
Career Prospects
Both schools place well in consulting it seems. However, for a non-traditional candidate, which would provide for the best support system for securing a job at MBB. I’m particularly interested in knowing people’s thoughts on securing internships at top firms at CBS vs. Sloan. What about in the long run trying to get into VC/PE. It seems MIT has the edge in this area but CBS has been placing well lately especially in NYC.
Academics
Both schools have a great core curriculum that will be great for someone like me coming in with a non-traditional background. However, Sloan seems to be more quantitative and intense – particularly in that first semester.
Student Life
It seems that Sloan is more tight-nit and that students there interact more as opposed to Columbia which is larger (in terms of student body) and more spread out. I could see myself being happy at both Cambridge or NYC. I’m from the Midwest and haven’t spent much time at either school, but location wise, NYC might have the slight edge over Boston.
Overall Prestige
Seems like the two schoosl are on par with each other. MIT might have the slight edge in MBA circles, but CBS is recognized more outside the MBA world.
As you can tell this is really going to be a tough decision (especially since I probably won’t know about financial aid till after the deposit deadlines). That being said, I do value the opinions on this forum so any and all feedback would be very much welcomed.
64
Congrats on your acceptances!
Unfortunately, there's not a lot of need-based aid on the MBA landscape. HBS and Stanford GSB are the known leaders for providing need-based aid instead of merit-based, but even at those schools, you won't know what kind of aid package you're getting until you accept a spot in their class.
If all else fails, call the financial aid offices of both schools to inquire about need-based aid. Otherwise, you could always look at outside scholarships ($5K here, $10K there, every little bit helps).
The reality is, the majority of students fund their education with loans as this is an investment in the rest of your life. For most students, a top MBA opens doors to career opportunities that otherwise wouldn't be available, and is deemed "worth it."
scleraxis
Current Student
Joined: 14 Jul 2010
Last visit: 26 May 2015
Posts: 129
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Concentration: Healthcare
Schools: HBS '15 (M) Wharton '15 (A$)
30 Jan 2013, 08:36
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Tough choice - probably will come down to which one you 'like' more.
To add, you will have no trouble getting an interview at MBB from either school. The support they give you will be pretty much identical (you will be practicing cases with your peers). Getting the job will depend on your ability much more than anything else.
To add, you will have no trouble getting an interview at MBB from either school. The support they give you will be pretty much identical (you will be practicing cases with your peers). Getting the job will depend on your ability much more than anything else.
