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11 Dec 2020, 06:35
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Hey all. So feeling fortunate to have this choice, but also feeling a little stuck. As the tile says, the choice is between no money at NYU vs a decent scholarship at Cornell (a little less than half tuition). My primary post-mba career goal is management consulting, and I would like to target offices in NYC and the east coast. I'm not married to MBB and will pursue the tier 2 firms as well, but will definitely be shooting for it. I've included my comparison below.
Cost: Obvious edge to Cornell, not only for the scholarship, but also cost of living. Ithaca, while not as cheap as many people think it is, is still not as expensive to live in as NYC.
Culture: Gonna consider this one a tie. Networked extensively with people from both schools beforehand; everyone I talked to was friendly and mentioned a collaborative culture. I've heard that at NYU people can get lost in the shuffle of the big city, but most people I've talked to said they were able to form close bonds.
Career: NYU seems to get the edge in consulting recruiting from what I've researched, although as to how big this gap is I'm not sure. I know that Cornell gets solid placement in tier 2 firms and has decent MBB representation for its size, but if anyone has more info on this it would be helpful.
Quality of life: Gonna go against the grain and give Cornell the edge based on personal experience. I've spent the past five years working in NYC and I'm not a huge fan (I know I said above I'm targeting NYC offices, but at that point I could commute there and not have to be there so much). I went to undergrad in more of a college town similar to Ithaca, and I'd much prefer that environment for going to school (again, working and commuting is a different picture). Little things like having my own car are a plus for me. Don't get me wrong, NYC can be fun, but there are headaches that come to it. I've talked to some people, they said that commuting from somewhere like Hoboken (small city in North Jersey for those who don't know) can be an option, which would make this easier to swallow for me.
Any advice, along with anything I missed, would be greatly appreciated. Thanks!
PS. I don't know if this changes the picture at all, but I'm also on the waitlist at Dartmouth.
Cost: Obvious edge to Cornell, not only for the scholarship, but also cost of living. Ithaca, while not as cheap as many people think it is, is still not as expensive to live in as NYC.
Culture: Gonna consider this one a tie. Networked extensively with people from both schools beforehand; everyone I talked to was friendly and mentioned a collaborative culture. I've heard that at NYU people can get lost in the shuffle of the big city, but most people I've talked to said they were able to form close bonds.
Career: NYU seems to get the edge in consulting recruiting from what I've researched, although as to how big this gap is I'm not sure. I know that Cornell gets solid placement in tier 2 firms and has decent MBB representation for its size, but if anyone has more info on this it would be helpful.
Quality of life: Gonna go against the grain and give Cornell the edge based on personal experience. I've spent the past five years working in NYC and I'm not a huge fan (I know I said above I'm targeting NYC offices, but at that point I could commute there and not have to be there so much). I went to undergrad in more of a college town similar to Ithaca, and I'd much prefer that environment for going to school (again, working and commuting is a different picture). Little things like having my own car are a plus for me. Don't get me wrong, NYC can be fun, but there are headaches that come to it. I've talked to some people, they said that commuting from somewhere like Hoboken (small city in North Jersey for those who don't know) can be an option, which would make this easier to swallow for me.
Any advice, along with anything I missed, would be greatly appreciated. Thanks!
PS. I don't know if this changes the picture at all, but I'm also on the waitlist at Dartmouth.
11 Dec 2020, 08:10
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Congrats on your admits!
MBB recruiting is competitive (esp for the NY Office). Honestly, everyone recruits for the NY office - Tuck, HBS, Wharton, Columbia, pretty much the whole top 10. I would kind of hate to hang my hat on it, only not to make through the rounds. Also, with this year's pandemic and changes to the work style and recruiting, we may see less of an emphasis on the location, thus giving Johnson a bit of a parity with Stern in terms of being closer to recruiters. But despite all of that, I would still argue, from the statistical perspective, Stern will have a better chance and more encounters for MBB recruiting. But as Bill Gates said after moving to a girl's dorm at Harvard, better chances are not a guarantee of success.
Something that was popular with MBB's pre-pandemic was having offices and a presence on campus for the Top 15 programs and I am pretty sure a few of them had spots at Stern and Johnson. It would be great to find out from one of the 2nd year students (first years would probably not know it) if the MBB's had offices at Johnson. The big question of course if all of them will return but there is no way to tell, and I would assume they will.
Is it worth it paying extra 50-70K for better chances if you are not thrilled to be in the city? Probably not. Is it better to go to a program in the city/area you are planning to live and have a local network - definitely. Though in many ways some of these benefits are insurance and you may never use them but some people like insurance and they get a lot of it...
There were a few parallel decisions from last year or two. It seems like this person may have chosen Stern and to forego Johnson scholarship - I would encourage you to PM them and try to connect (see more at the bottom of this topic):
https://gmatclub.com/forum/nyu-stern-vs ... 63818.html
MBASomeTime and ket310 - are you guys around to comment?
Kalaivani1 - ?
MBB recruiting is competitive (esp for the NY Office). Honestly, everyone recruits for the NY office - Tuck, HBS, Wharton, Columbia, pretty much the whole top 10. I would kind of hate to hang my hat on it, only not to make through the rounds. Also, with this year's pandemic and changes to the work style and recruiting, we may see less of an emphasis on the location, thus giving Johnson a bit of a parity with Stern in terms of being closer to recruiters. But despite all of that, I would still argue, from the statistical perspective, Stern will have a better chance and more encounters for MBB recruiting. But as Bill Gates said after moving to a girl's dorm at Harvard, better chances are not a guarantee of success.
Something that was popular with MBB's pre-pandemic was having offices and a presence on campus for the Top 15 programs and I am pretty sure a few of them had spots at Stern and Johnson. It would be great to find out from one of the 2nd year students (first years would probably not know it) if the MBB's had offices at Johnson. The big question of course if all of them will return but there is no way to tell, and I would assume they will.
Is it worth it paying extra 50-70K for better chances if you are not thrilled to be in the city? Probably not. Is it better to go to a program in the city/area you are planning to live and have a local network - definitely. Though in many ways some of these benefits are insurance and you may never use them but some people like insurance and they get a lot of it...
There were a few parallel decisions from last year or two. It seems like this person may have chosen Stern and to forego Johnson scholarship - I would encourage you to PM them and try to connect (see more at the bottom of this topic):
https://gmatclub.com/forum/nyu-stern-vs ... 63818.html
MBASomeTime and ket310 - are you guys around to comment?
Kalaivani1 - ?
11 Dec 2020, 15:24
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Stern
Johnson's MBB placement is either 1) international students who go back home or 2) mid-west cities (Cincinnati, Dallas). If you want MBB in NYC, Johnson won't get you there. Other T2/B4 consulting is more mixed at Johnson, but NYC is definitely not a strong placement for the school in consulting. Johnson's placement in NYC is dominated by IB and FP&A jobs. As a student, you won't have a strong local consulting network even if you land a role in NYC post-MBA. I'd also question NYC as a hotbed of Johnson alum outside of IB. It's not nearly as robust as the school says, just check out the Johnson NYC Club. They haven't had an event in years.
While Stern isn't a consulting program per say, the school is in NYC and their area consulting placement is better. Also, you'll have a stronger overall regional network post-MBA, whereas Johnson's NYC placement is really IB/FP&A focused. Stern also has a much stronger overall presence in NYC post-MBA.
Johnson's MBB placement is either 1) international students who go back home or 2) mid-west cities (Cincinnati, Dallas). If you want MBB in NYC, Johnson won't get you there. Other T2/B4 consulting is more mixed at Johnson, but NYC is definitely not a strong placement for the school in consulting. Johnson's placement in NYC is dominated by IB and FP&A jobs. As a student, you won't have a strong local consulting network even if you land a role in NYC post-MBA. I'd also question NYC as a hotbed of Johnson alum outside of IB. It's not nearly as robust as the school says, just check out the Johnson NYC Club. They haven't had an event in years.
While Stern isn't a consulting program per say, the school is in NYC and their area consulting placement is better. Also, you'll have a stronger overall regional network post-MBA, whereas Johnson's NYC placement is really IB/FP&A focused. Stern also has a much stronger overall presence in NYC post-MBA.
