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27 Mar 2016, 11:49
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This is a long post. I’m using it to organize some of my thoughts. I’d love to hear any feedback and advice you might have.
Option 1: Texas McCombs - Unmet Tuition and Fees: ~$38,000 (Total)
Option 2: Yale SOM – Unmet Tuition and Fees: ~$112,000 (Total)
My background:
31 years old; career in government and technology; already have master’s degree from top public policy program at Princeton; no existing debts; very competitive GMAT for consulting recruiting
My preferences:
- Geography is important to me. I’ve been living in New York for past 5 years and love it, but the reality of New York real estate prices and high cost of living is starting to set in. I love Austin—the weather, the music, the food, the natural amenities like Barton Springs, and the actual conceivability of buying a house, starting a family, etc.
- I admit that I haven’t spent any time in Texas outside of Austin, but Houston and Dallas have very little appeal to me as someone who did not enjoy growing up in a similar western city.
- Career wise, goal is management consulting.
- Looking to maximize happiness and not prestige.
Pros and Cons:
- Texas Pros:
- Yale Pros:
- Yale Cons:
I am constantly vacillating between the two options. Please help!
Option 1: Texas McCombs - Unmet Tuition and Fees: ~$38,000 (Total)
Option 2: Yale SOM – Unmet Tuition and Fees: ~$112,000 (Total)
My background:
31 years old; career in government and technology; already have master’s degree from top public policy program at Princeton; no existing debts; very competitive GMAT for consulting recruiting
My preferences:
- Geography is important to me. I’ve been living in New York for past 5 years and love it, but the reality of New York real estate prices and high cost of living is starting to set in. I love Austin—the weather, the music, the food, the natural amenities like Barton Springs, and the actual conceivability of buying a house, starting a family, etc.
- I admit that I haven’t spent any time in Texas outside of Austin, but Houston and Dallas have very little appeal to me as someone who did not enjoy growing up in a similar western city.
- Career wise, goal is management consulting.
- Looking to maximize happiness and not prestige.
Pros and Cons:
- Texas Pros:
- - Would set me up for a career in Austin better than any other school could.
- Strong recruiting to Deloitte Austin office.
- As second choice career option, many technology companies (Google, Apple, Facebook, etc.) are opening up Austin offices to add to the Dells, AMDs, etc. that are already there.
$60K total scholarship with only about $40K unmet tuition total.
- I think it is very likely that I will be happy in Austin. There was a lot of enthusiasm towards the program and towards Austin by current students on both my visits there. I also found people to be very likeable and relatable there.
- - Many of the careers people end up in are in Dallas or Houston, and not Austin. Bain/BCG are all in either Dallas or Houston while only Deloitte recruits for the Austin office. McKinsey doesn’t recruit from McCombs.
- Despite the strong recruiting for Deloitte office, there is likely to be a ton of competition for those jobs.
- The McCombs MBA degree might have very little additional value for me outside of Texas. Already make ~$100K per year and already have master’s degree from a competitive program.
- Yale Pros:
- - More prestigious program and mother university
- Better (although still not great) recruiting opportunities into management consulting
- Curriculum, program, and student interests are probably a bit more aligned with my interests than at Texas
- Will maintain more geographic flexibility with a Yale MBA than with a Texas MBA
- Yale Cons:
- - I have a partner, and she is not too excited about moving to New Haven for two years. We might have to try a distance relationship.
$70,000 more than Texas. Only $20K total scholarship.
- At this point, I think I would rather live in Austin than New York, which would be most likely landing spot after Yale MBA. I don’t know if that is a long-term preference or not.
- Despite living in cold climates for a decade now, I hate cold weather.
I am constantly vacillating between the two options. Please help!
27 Mar 2016, 16:03
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youarefree
If you absolutely want to be in Austin (I lived in Austin my whole life besides the past 2 years, so I get it), then I would choose UT, especially since the "prestige" factor is not very relevant for you. Not that UT isn't a prestigious MBA program, but, like you said, Yale has more geographic flexibility. General consulting is not huge in Austin, besides at Deloitte, but there are many options in the government and technology fields, for which you have experience in.
I would say if you are very sure that you will be in Austin for a while after your MBA, go to UT. But, if you think that Austin would be a shorter term arrangement, go Yale. Either way, you are choosing between two great programs.
Good luck and congratulations.
revul
Joined: 07 Oct 2014
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Schools: Duke '17 (M) Tuck '17 (D) Ross '17 (A) Darden '17 (A) Cambridge'16 (WD) Kenan-Flagler '17 (A)
GMAT 1: 710 Q48 V39
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27 Mar 2016, 19:14
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I would personally take Yale in case you change your mind about Texas and end up wanting geographic flexibility... if your relationship can handle it.
UT's weight drops off significantly outside of Texas, whereas Yale makes you a 'makes sense to at least interview him, right?' candidate just about anywhere both inside and outside of the US. You can get to TX out of Yale, just chat with the recruiter at each consultancy about it or reach out to Alum.
On a side note, go on LinkedIn and search for people with SOM that are in TX and see what jobs they hold. Do the same with SOM grads who list a company you want to work as their current employer - on the side it'll show where they are geographically by count. Rinse and repeat with UT and see if there are any insights.
UT's weight drops off significantly outside of Texas, whereas Yale makes you a 'makes sense to at least interview him, right?' candidate just about anywhere both inside and outside of the US. You can get to TX out of Yale, just chat with the recruiter at each consultancy about it or reach out to Alum.
On a side note, go on LinkedIn and search for people with SOM that are in TX and see what jobs they hold. Do the same with SOM grads who list a company you want to work as their current employer - on the side it'll show where they are geographically by count. Rinse and repeat with UT and see if there are any insights.
