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12 May 2014, 11:14
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Similar to other members in this thread, I do not for one second take for granted how fortunate I am to have this sort of problem.
A little background on me is that I worked for a Marketing/Tech/Services firm in a sort of interdisciplinary role as "Director of Analytics." I do aspire to eventually own my own company but feel that the best way to gain experience working with a variety of different firms would be to dabble in consulting because doing so can expose me to a lot of different companies and their inter-workings (not to mention it will probably help me pay off my debt faster!).
I very much enjoy Chicago and would prefer to move there after I graduate from my MBA program but am flexible. Another smaller but important aspect of my background is that I went to NYU undergrad. I loved my experience there but have always felt like I missed out from the real campus comradery that exists at schools with great sports programs and isolated campuses.
With living expenses considered, I've put out a raw calculation of my expected debt following my graduation as follows:
Booth: $150K
Fuqua: $92K
Kellogg: $149K
I'll be entering a bit on the younger side (27) so I suppose I'll have more time to pay off my debt but I'm not sure I want to incur that much debt to begin with. From researching average starting salaries at the different schools, it appears as if the differences are semi negligible.
I do have an interest in healthcare and Fuqua's HSM program does call my attention but am still undecided. $60K in debt at a 6.9% interest rate is not something to balk at and my personal inquiries with former colleagues has been very polarizing on the subject in general.
Please help and offer any and all advice you all can offer!
A little background on me is that I worked for a Marketing/Tech/Services firm in a sort of interdisciplinary role as "Director of Analytics." I do aspire to eventually own my own company but feel that the best way to gain experience working with a variety of different firms would be to dabble in consulting because doing so can expose me to a lot of different companies and their inter-workings (not to mention it will probably help me pay off my debt faster!).
I very much enjoy Chicago and would prefer to move there after I graduate from my MBA program but am flexible. Another smaller but important aspect of my background is that I went to NYU undergrad. I loved my experience there but have always felt like I missed out from the real campus comradery that exists at schools with great sports programs and isolated campuses.
With living expenses considered, I've put out a raw calculation of my expected debt following my graduation as follows:
Booth: $150K
Fuqua: $92K
Kellogg: $149K
I'll be entering a bit on the younger side (27) so I suppose I'll have more time to pay off my debt but I'm not sure I want to incur that much debt to begin with. From researching average starting salaries at the different schools, it appears as if the differences are semi negligible.
I do have an interest in healthcare and Fuqua's HSM program does call my attention but am still undecided. $60K in debt at a 6.9% interest rate is not something to balk at and my personal inquiries with former colleagues has been very polarizing on the subject in general.
Please help and offer any and all advice you all can offer!
12 May 2014, 11:55
Kudos
Bookmarks
Fuqua will provide that “college town” feel with a great basketball team to boot. Albeit, I heard Evanston has somewhat a “college town” feel.
From consulting placement perspective, Kellogg and Booth both place better than Fuqua with elite consulting firms. However, I am skeptical on the school being the differentiator. Returning MBB and candidates may be bigger influencers. I believe the real difference between Fuqua, Kellogg, and Booth on consulting is the office location you end up at. Fuqua has strong ties in the Atlanta, DC, and Dallas offices.
Since debt is a concern, I would take Deloitte into consideration. Many of my Fuquan classmates chose Deloitte (sometimes over M/B/B) because they provide 2 year tuition reimbursement for Deloitte returnees, and 1 year tuition reimbursement for Deloitte summer interns. That is on top of its bonus and salary package, which is bigger than those of M/B/B. I think the true difference between exit opportunities between Deloitte and M/B/B comes after 4-5 years at the engagement manager level.
From consulting placement perspective, Kellogg and Booth both place better than Fuqua with elite consulting firms. However, I am skeptical on the school being the differentiator. Returning MBB and candidates may be bigger influencers. I believe the real difference between Fuqua, Kellogg, and Booth on consulting is the office location you end up at. Fuqua has strong ties in the Atlanta, DC, and Dallas offices.
Since debt is a concern, I would take Deloitte into consideration. Many of my Fuquan classmates chose Deloitte (sometimes over M/B/B) because they provide 2 year tuition reimbursement for Deloitte returnees, and 1 year tuition reimbursement for Deloitte summer interns. That is on top of its bonus and salary package, which is bigger than those of M/B/B. I think the true difference between exit opportunities between Deloitte and M/B/B comes after 4-5 years at the engagement manager level.
12 May 2014, 12:06
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I also went to NYU undergrad, and applied to Kellogg/Booth/Duke too, and want to go into consulting, so hopefully I can be some help!
When I was deciding between Kellogg and Duke, it was really an easy choice. Kellogg does considerably better among the top firms than Duke (~150 MBB at Kellogg). Duke offered me $20k a year, and Kellogg offered me nothing, so it wasn't as much money as you, but even with $70k from Duke I was choosing Kellogg. (Kellogg eventually gave me $25k anyways after I filled out the FAFSA). If I were in your shoes, the choice would be between Booth and Kellogg.
I got rejected from Booth, so it didn't really come up, but if I got into both, I was choosing Kellogg (although if Booth gave me money, and Kellogg didn't, I would've chose Booth). I too wanted a true college experience - and this is my last chance. I also wanted to get away from finance people, and wanted to be surrounded by people with strong social skills/fun people (I work finance in NYC, and I'm surrounded by "questionable" people).
Did you go to DAK (day at kellogg) btw for admitted students? I was already sold before it, but it was really enjoyable, and definitely re-affirmed my choice.
When I was deciding between Kellogg and Duke, it was really an easy choice. Kellogg does considerably better among the top firms than Duke (~150 MBB at Kellogg). Duke offered me $20k a year, and Kellogg offered me nothing, so it wasn't as much money as you, but even with $70k from Duke I was choosing Kellogg. (Kellogg eventually gave me $25k anyways after I filled out the FAFSA). If I were in your shoes, the choice would be between Booth and Kellogg.
I got rejected from Booth, so it didn't really come up, but if I got into both, I was choosing Kellogg (although if Booth gave me money, and Kellogg didn't, I would've chose Booth). I too wanted a true college experience - and this is my last chance. I also wanted to get away from finance people, and wanted to be surrounded by people with strong social skills/fun people (I work finance in NYC, and I'm surrounded by "questionable" people).
Did you go to DAK (day at kellogg) btw for admitted students? I was already sold before it, but it was really enjoyable, and definitely re-affirmed my choice.
