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28 Mar 2019, 17:43
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After MBA I'm trying to get into travel & hospitality (tech, airlines, hotels...), and also want to start heading into real estate. I'm open to consulting / non-travel tech recruiting as well, and locations don't matter.
If I go to Tuck I'd have to borrow almost full cost to attend ($200k), but hey it's an Ivy and the alumni network is friggin' awesome. I believe placement opportunities are somewhat better than McCombs as well. I am very against debt. This means 15 years to pay off and I will certainly have to do consulting to get the high salary that could pay off this debt (i.e. less free to follow what I'm really passionate about). Tuck has been my most favorite school since I visited and the school's culture is unbeatable.
On the other hand, we have Austin, the most exciting new city to be in. I have been eyeing Austin for a while and wouldn't mind settling down there either, although high paying jobs in the city are not as plentiful as in NYC/SF. Plus the school gave me a fellowship and going to a state school is much cheaper, so I'd only have to borrow ~70k (i.e. 5 years to pay off). The new building is gorgeous. Plenty of VC/Tech fellowship opportunities in Austin as a part of the curriculum. But the brand and network outside of Texas are not that strong.
I'm from a humble family and $ is a big concern for me. I really appreciate your advice and feel free to correct me if I said anything wrong. Planning to reach out to alums as well.
If I go to Tuck I'd have to borrow almost full cost to attend ($200k), but hey it's an Ivy and the alumni network is friggin' awesome. I believe placement opportunities are somewhat better than McCombs as well. I am very against debt. This means 15 years to pay off and I will certainly have to do consulting to get the high salary that could pay off this debt (i.e. less free to follow what I'm really passionate about). Tuck has been my most favorite school since I visited and the school's culture is unbeatable.
On the other hand, we have Austin, the most exciting new city to be in. I have been eyeing Austin for a while and wouldn't mind settling down there either, although high paying jobs in the city are not as plentiful as in NYC/SF. Plus the school gave me a fellowship and going to a state school is much cheaper, so I'd only have to borrow ~70k (i.e. 5 years to pay off). The new building is gorgeous. Plenty of VC/Tech fellowship opportunities in Austin as a part of the curriculum. But the brand and network outside of Texas are not that strong.
I'm from a humble family and $ is a big concern for me. I really appreciate your advice and feel free to correct me if I said anything wrong. Planning to reach out to alums as well.
ket310
Joined: 04 Aug 2011
Last visit: 18 Jun 2020
Posts: 70
Location: United States (NY)
Schools: Stern '21 (M$)
GMAT 1: 720 Q50 V38
GPA: 3.4
28 Mar 2019, 19:04
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Do you have big named scholarship from McCombs or is it half tuition/fee ish? That might make my recommendations change. I'm assuming it is big named scholarship/fellowship.
If you are "open" to consulting but would rather not, then take the money at McCombs and be happy. I have a friend who took 200K loan to top 10 law school. He wanted to human rights law but couldn't live so poorly due to family responsibilities (He takes care of his parents' living expenses because his parents got somewhat disabled right before he went to law school). He took big law job but hates every moment of it and feels suicidal. I told him just to pay off the loan and go get a less paying job that he'd be happier to do. Much better than feeling suicidal.
Your situation is not exactly same as my friend's, but I see somewhat similar theme in pursuing "your true desire" rather than money just because you have to pay the loan back. If you want MBB/other consulting, the recommendation would be different. However, given your goal/personal comfort level with debt, I think McCombs is the winner.
If you are "open" to consulting but would rather not, then take the money at McCombs and be happy. I have a friend who took 200K loan to top 10 law school. He wanted to human rights law but couldn't live so poorly due to family responsibilities (He takes care of his parents' living expenses because his parents got somewhat disabled right before he went to law school). He took big law job but hates every moment of it and feels suicidal. I told him just to pay off the loan and go get a less paying job that he'd be happier to do. Much better than feeling suicidal.
Your situation is not exactly same as my friend's, but I see somewhat similar theme in pursuing "your true desire" rather than money just because you have to pay the loan back. If you want MBB/other consulting, the recommendation would be different. However, given your goal/personal comfort level with debt, I think McCombs is the winner.
28 Mar 2019, 21:39
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ket310
Thank you so much for your input. Yes it's the Forte Fellowship. I talked to a Tuck alum who borrowed full cost of attendance and her advice was very similar to what you said above. I decided to attend the admitted student weekend at Tuck pretty last minute to make a better judgment. I know Tuck makes a huge effort to create a fun experience living in Hanover, but Austin is still a better place for sure.
