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Neverbackdown
Do you have any preferences of city where you want to work post-MBA?

Because, with Mendoza, you will easy access to Chicago which is a consulting hub. And therefore you might get ample opportunities to network your way into your Plan A. PLus, Chicago is a great city to live in.

As for Jones, it might have a very reputation in Houston (or rest of texas) and therefore there are high chances that you will have to stay in Texas post-MBA. Scholarship amounts are almost the same in both but your living expenses will surely be lower in south bend (mendoza) than houston.

Moreover, I heard that Mendoza is finance heavy school though students in consulting get decent placements.

Got two more admits with full tuition scholarships - Boston Univ SOM and Georgia Tech.
What to do?
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I had a close friend who did his undergrad from Georgia tech and he discouraged me from applying there. He said that the b-school gains much of its reputation from its undergrad school which is among the best undergrad programs in the US.

Therefore, I will prefer Boston University over G-tech. Plus for G-tech, there will be only 50-60 odd classmates. That means only 20 (max) who will share your career goals of going into consulting. G-tech in technology heavy. So unless you are planning to get into technology consulting, I would not suggest it.

So among the remaining 3 colleges, I would still stick between Mendoza and Jones. Did you happen to have a look at the empl. reports of the 3 schools? Look at the companies which are regular recruiters there and the number of students who get into consulting jobs. I think, mendoza will rule in these statistics.
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Neverbackdown
I had a close friend who did his undergrad from Georgia tech and he discouraged me from applying there. He said that the b-school gains much of its reputation from its undergrad school which is among the best undergrad programs in the US.

Therefore, I will prefer Boston University over G-tech. Plus for G-tech, there will be only 50-60 odd classmates. That means only 20 (max) who will share your career goals of going into consulting. G-tech in technology heavy. So unless you are planning to get into technology consulting, I would not suggest it.

So among the remaining 3 colleges, I would still stick between Mendoza and Jones. Did you happen to have a look at the empl. reports of the 3 schools? Look at the companies which are regular recruiters there and the number of students who get into consulting jobs. I think, mendoza will rule in these statistics.

What about TIGER program ... does it help building my elevator pitching abilities?
Management Consulting will be my launch pad to launch my own technology startup, which remains my long term goal.
Should a role as Product Manager in Microsoft prepare me well for a entrepreneurial role 4 years after MBA or Management Consulting stint - that I am not yet sure of.

Boston University still remains hot favorite with heathcare companies.
Is it right to restrict myself to only one particular kind of jobs in healthcare sector?
or should I focus on gaining holistic understanding in diverse verticals in one or two years post graduation before settling down with the one where I can make a major impact?

There are lots of questions to debate about. Unfortunately none of them can yield a easy straightforward answer.

Can you connect me with your friend who graduated from GATECH?
full tuition ride is something which I cannot miss.
starting post MBA career with less debt than the usual is always a welcome thing.
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I will PM you his number. I suggest you contact him soon enough.