Hi everyone,
Hoping for some opinions here. I have been admitted to both Kelley (IU) and Krannert (Purdue) and must now decide where to go!
Background: I did my undergrad at Purdue in Selling & Sales Management. Went to Australia for four years working in Operations for a dvd-vending machine company. Came back in August ’15 to help family with their real-estate business and do a few renovations myself.
Post-MBA – Management consulting with a larger firm with international offices so that we can transition outside of the US again if we want.
Krannert:
They have offered a GA for both years that waves tuition and provides a stipend to put towards school. They have also offered a scholarship. Total school costs would be ~$6,500 plus living expenses. Averaging the ratings from the top ~7 systems, puts them at an average of #47 (FT, US News, P&Q, Top MBA, Economist, Forbes, Bloomberg)
Kelley:
They have offered a $10,000 scholarship each year. I would pay ~$35,000 out of pocket plus living expenses. Kelley’s program is 2.5-3x larger, which I view as a positive. Kelley has been the most active program I have seen, and it seems to be set up incredibly well.
Employment:
According to the employment reports from both schools Kelley places about 23% of students in consulting with a median salary of $135k and bonus of $25k. Krannert places about 16% in consulting, average salary of $101k and bonus of $16k.
Should I hate consulting, general management would be the back-up plan. Very similar wages and Kelley places about 12.5% of students into general management versus Krannert’s 6%.
Thoughts?