Hi All,
I have been lucky enough to receive admissions offers at three MBA programs, and am interested in getting this board's opinion on where I ought to land.
My plans have been further thrown into turmoil due to the coronavirus, and I am increasingly in need of a sounding board for my views/ thoughts.
Below I've laid out my background and thoughts and would be exceptionally interested in the views of this community!
Some background:
I graduated from a top 50 midwestern engineering school and I have lived in NYC for almost 5 years now, having attended a master's at Columbia ('16) in their engineering department. I have worked in a fairly mathematical end of finance for 4 years since and also completed a CFA. My current goal is to join a consulting firm in NYC, and later to get involved in the food/restaurant industry here as well. I am pretty social and intend to use my time in an MBA program to build a lot of friendships, and really get to know as much of the class as possible and I want a program where the student body reflects this attitude. I am certainly somewhat apprehensive about the virus situation, but really want to leave my job and get the next phase of my life on the road. Lastly, I am dead set on returning to NYC, as I really really love this city, though I am interested in the possibility of a 2-year break.
I received admission from CBS and Booth off the waitlist, and Yale directly with a $
2040k scholarship.
CHICAGO BOOTHPros:
* Highest ranking and seems perhaps a bit more structured and put together in terms of their welcome materials, online presence for admitted students, and pre MBA international travel programs
* More challenging course work, or at least more emphasis and suggestion that this is the case
* Fantastic student body. Have spoken with TONS of students and all are exceptionally welcoming and encouraged me through the waitlist process. From my experiences the pay it forward culture is real
* Less Booth grads in NYC might make the network more tightknit
* Adding a new university to the resume might be beneficial, and spending time in Chicago temporarily could also be fun
* Everyone lives in the same area/buildings which could help build friendships
* Great law school, and strong possibility to take a law class.
* Quarter system allows for study abroad in a shorter dose which is ideal, as I have never spent significant time abroad but still want to be involved on campus
* Best entrepreneurship opportunities, such as NVC
Cons:
* International travel programs may be in jeopardy
* Could coronavirus impact out of area recruiting?. Would MBB NYC, for example, say "Let's keep this easy and just take the east coast people (CBS, HBS, Wharton, MIT, Yale, Tuck), who we don't have to fly around etc"
* I have a very strong finance/comp sci/math background, and really don't need to take more quantitative courses
* Less students come to NYC (~20% of the class, from which one must assume most are bankers or in finance) which could reduce network size
* Not returning to NYC is not an option for me, so worse recruiting prospects would be a big issue
* No indication of need-based aid being provided, and less implication that they are interested in considering me for any scholarships
* Study abroad options possibly harmed by coronavirus
* I have heard anecdotally from current/past students that NYC recruiting for consulting may not be as easy as some would suggest. I also heard it was rough this year, but it was a fluke and unusual. This could, however, mean there are fewer 2Ys who did NYC recruiting to provide guidance.
* Startup summer sounds amazing, but there's a question about whether this will exist given the current economy
COLUMBIA BUSINESS SCHOOLPros:
* Located in NYC, which is where I 100% have to end up post MBA. I love this city and am NYC or bust for recruiting. -> to this point, if I had an offer in hand for Chicago/West Coast MBB vs being asked to recruit for NYC, I would probably choose to recruit
* Opportunity to intern mid-semester with local food and hospitality groups
* Large network of friends in NYC already and benefit that classmates will likely stay in NYC after graduation, further expanding my network
* Collapse in food/restaurant industry might be an opportunity to get very involved in the reconstruction, as some of the professors here are quite well connected
* Some possibility of need-based aid, and perhaps some negotiability to merit-based but this is very unknown
* Very social group of students, who were amazing to connect with while applying, and were very helpful in the waitlist process as well
* Best non-profit board program, allowing students to sit on large non-profit boards in a non-voting capacity (other schools have somewhat comparable programs, but CBS has the best partners by a longshot). This is something I'm quite interested in.
* Highest number of electives, and tons of amazing adjunct faculty
* Best entrepreneurship options
* I enjoy the hustle of the school, where it feels as though you can make anything happen with enough cold reach outs and coffee chats in the city. This reflects my love of NYC.
* Likely the best set of speakers/adjunct professors due to NYC location
Cons:
* Would miss the opportunity to leave NYC temporarily, to get a breath of fresh air before returning long term.
* Collapse in NYC food industry might make in semester internships harder to obtain, and/or hurt other club related visit opportunities which would have been a plus for NYC
* While the network is large, it also means CBS degree becomes more of a commodity than a rarity in NYC. Unsure if this is balanced by a strong network of CBS alumni looking out for one another.
* Housing is mostly off-campus and spread out so this could harm cohesiveness
* Seems to be the hardest to manage to work in a law class, though this is still quite possible
* Lots of people in an NYC or bust mentality means lots of competition
* Least clear study abroad options, though this is in turmoil anyway
YALE SOMPros:
* $
2040K scholarship offer, and the possibility of further need-based aid
* Great culture and I really enjoy the ethos and mission of the program. Most welcoming adcom and faculty I have interacted with.
* Close proximity to NYC is a benefit as is having the opportunity to live around classmates to build friendships etc.
* Small class size builds closeness of the network, and alumni may be more willing to be helpful
* Smaller class size may help with round 1 interviews. Especially given my background is closer to traditional feeders for consultancies compared to some peers. Obviously this benefit is gone in round 2. In general punches above weight for MBB NYC.
* Strong presence of students who got MBB internships last year in NYC means they could help coach in recruiting
* Surprising number of food-focused Entrepreneurs at Yale
* Best law school and most flexibility with regard to taking non-MBA courses, and I am interested in taking at least one law class
Cons:
* Small class size limits the size of the network
* Lowest in rankings, though it's not clear this matters for NYC recruiting
* Smaller alumni base
* I've spoken with a number of students but not quite as many, and have less of a sense of the class. Students I've spoken with are exceptionally welcoming though.
* Smaller city location has less to do
* Less large group travel opportunities given the size of the class
Final Update: CBS offered 40K, and I was leaning slightly in that direction so I took it.