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08 Apr 2015, 09:55
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I got accepted to several business schools, but my decision comes down to Rice and Texas A&M for a full-time MBA.
I got into Rice with around 50% scholarship, and I got into Texas A&M with an amount that would equate to a full ride. I am interested in going into management consulting, and both schools have good stats for consulting.
I have visited both schools and I really loved Rice, but the only con was their high tuition. Even with the 50% scholarship, I would still have to take out over 100K in loans to cover the other half of tuition, fees, and living costs. I feel that Rice carries a stronger brand value outside the South if I decide to move elsewhere after graduation.
The students at Rice reassured me that with my after graduation salary I won't have any trouble paying the loans back, but in this day and age with an uncertain job market I wonder if I would be stupid to forgo a free MBA and the opportunity to graduate debt free.
I am leaning towards Rice because I feel that it would provide me with a more well rounded education, but I still keep questioning if going into that much debt is a smart decision. Or does debt just come with the territory of pursuing a graduate education?
What would you do in this situation?
I got into Rice with around 50% scholarship, and I got into Texas A&M with an amount that would equate to a full ride. I am interested in going into management consulting, and both schools have good stats for consulting.
I have visited both schools and I really loved Rice, but the only con was their high tuition. Even with the 50% scholarship, I would still have to take out over 100K in loans to cover the other half of tuition, fees, and living costs. I feel that Rice carries a stronger brand value outside the South if I decide to move elsewhere after graduation.
The students at Rice reassured me that with my after graduation salary I won't have any trouble paying the loans back, but in this day and age with an uncertain job market I wonder if I would be stupid to forgo a free MBA and the opportunity to graduate debt free.
I am leaning towards Rice because I feel that it would provide me with a more well rounded education, but I still keep questioning if going into that much debt is a smart decision. Or does debt just come with the territory of pursuing a graduate education?
What would you do in this situation?
socialcons
08 Apr 2015, 11:15
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Degreewell7
Personally, I would choose Rice. (1) Better location. You can then actually meet face to face with MC people more often to build relationships before you even apply (2) Better Reputation. That matters in MC recruiting. (I've been in MC for 5 yrs).
