MBAschooled –
Thank you very much for your input. I think you highlighted a great point, which is that I CAN and I believe I WILL have an excellent experience at Anderson. Brentwood is a great area and it does seem like there is great camaraderie amongst the students. Knowing this, I am currently leaning towards Anderson at the moment. It’s just my gambler’s mentality of “what if?” with Ross that is causing me to hesitate at the moment.
Angelfire –
To answer your questions:
I have visited both campuses and I think they are both beautiful. I like Ross because it feels more collegiate and has a world-class b-school facility; however, I do like that Anderson doesn’t have undergraduates at the actual business school, and that the facilities are dedicated to MBA students.
I do feel more at home with Ross just because I have visited many times, and each time was with friends who went to Michigan for undergrad. I always went during the perfect time during the early fall for really fun tailgates/football games, but I think I am maybe not really mentally wrapping my mind around how cold it will be in the winter (especially for an Arizona native!).
In contrast, I have only been to UCLA on my own for my interview and an admissions event, and never really had any UCLA students or alums to really show me a good time. I also tried to see lots of other parts of LA during my visits, which was miserable because it required a ton of driving around in the god-awful traffic. My hope is that if I go to Anderson, I will not have to deal with moving around so much in condensed areas because I will be living in Brentwood and staying close to campus and the surrounding areas for the most part. I think I will also come to appreciate all the things that LA has readily available to offer.
The last thing I would say is that Anderson’s events definitely aren’t as polished and refined as Ross’, but I do believe the actual strength of the underlying programs are comparable. That’s why, despite my emotional attachment to Ross, I see going there and forfeiting $60k as a bit of an “irrational” decision.
Final piece of info here: I plan to finance my MBA almost entirely from student loans. That means basically $140-150k for Ross vs. $80-90k for Anderson. Assuming a payback period of 10 years and a conservative interest rate assumption of 6.8%, my monthly payments for the next 10 years will be as follows:
Ross: ~$1,600-$1,700/month
Anderson: ~$900/month
Although I know $60k doesn’t sound like too much in the grand scheme of things, it is actual hard to imagine foregoing all that extra $$ in monthly installments for a DECADE following b-school.
Bottom line: I know I am in a good situation and that there is no “wrong” decision. But I am an analytical/rational decision maker and I want to make sure I gather as many facts and relevant data points before making my ultimate decision. If anybody else has any thoughts or input, please let me know!
Thanks so much again guys. I appreciate the guidance.