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28 Dec 2020, 12:15
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Hi! Need help with this difficult decision.
I have been accepted to both Sloan and Fuqua with scholarships. Total cost of attendance difference would be $100k more for Sloan.
Interested in pursuing general management in finance.
Both schools seem to have great recruiting at my target companies. Fuqua has strength in general management and Sloan tends to have interesting smaller company recruiting.
My network already overlaps a little with Fuqua and I loved the culture and the people I have met.
Sloan would be a new network for me and I am more interested in recruiting in the Northeast.
Is the slight name prestige of MIT over Duke worth $100k with similar short-term outcomes? The opportunity cost of what I could do with $100k feels so big.
Thanks for any insights or help.
I have been accepted to both Sloan and Fuqua with scholarships. Total cost of attendance difference would be $100k more for Sloan.
Interested in pursuing general management in finance.
Both schools seem to have great recruiting at my target companies. Fuqua has strength in general management and Sloan tends to have interesting smaller company recruiting.
My network already overlaps a little with Fuqua and I loved the culture and the people I have met.
Sloan would be a new network for me and I am more interested in recruiting in the Northeast.
Is the slight name prestige of MIT over Duke worth $100k with similar short-term outcomes? The opportunity cost of what I could do with $100k feels so big.
Thanks for any insights or help.
28 Dec 2020, 15:26
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Congrats on your admits! Awesome Job!
I wonder what Arro44 would say on Fuqua +100K vs. Sloan? Any thougths?
It is a good dilemma and it is funny how you would have probably be happy to attend Fuqua without scholarship if that was your only admit or perhaps Sloan if that was the only admit too. It is only when we have equally interesting choices, do we have a dilemma to deal with. I almost feel it is up to Sloan to convince you so to speak, and I am sure they would be happy to put in the effort too and connect you with a number of general management alums/students. I would use this strategy to see if you can nudge Sloan to reconsider you for some additional funding. While Fuqua is not going to be a big mover for Sloan (Booth would have been), you can still do it under the cover of "I am really struggling with a choice" which takes away some awkwardness. More ideas are here: https://gmatclub.com/forum/negotiating- ... 12949.html and I think $100K is big enough.
At the same time, Regenerate put together some rankings and a trade off matrix here: https://gmatclub.com/forum/financial-ai ... 42190.html and Sloan and Fuqua are actually in the same bracket and by that measure, Fuqua would be a more advantageous choice.
Any time you get a new product, be that a car or a tool, we don't know what actually matters, what's important ,and that is extra that we will never use. In part that's because we never used the product and in part, because we never faced a challenge after/during using the product. Similarly, it is not easy to judge the value of an MBA if you have not done it. Having gone through it, I can say that giving a Tesla or a Porsche 911 to Sloan is probably not a great investment of your money. You could use for a downpayment for your house or invest in the market that seems to have lost its roof. At the same time, you probalby would have gone to Sloan had you not received this scholarship. The loan amount will drown in the long term financial implications of a lifetime.
What I noticed is that it is not about saving but rather spending. No matter how much money you give someone, if they don't cut their spending, they will end up with nothing. Similarly, you can save no matter how much you make. I have noticed that if I have extra money, it just disappears unless i am disciplined to put into savings, college fund, or elsewhere. Living on the East Coast, you will likely have a 1M house, a few cars, kids, possibly in private schools, and kids college - that is easily 2-3 million. If you are disciplined, then sure - you should take the savings but if you are someone like me who thinks they are disciplined and then goes on a shopping spree, then perhaps you don't need a scholarship since it will be gone anyway
I see you have applied a few years ago and now reapplied. If you don't mind me asking - what has changed? What do you feel made your profile stronger?
I wonder what Arro44 would say on Fuqua +100K vs. Sloan? Any thougths?
It is a good dilemma and it is funny how you would have probably be happy to attend Fuqua without scholarship if that was your only admit or perhaps Sloan if that was the only admit too. It is only when we have equally interesting choices, do we have a dilemma to deal with. I almost feel it is up to Sloan to convince you so to speak, and I am sure they would be happy to put in the effort too and connect you with a number of general management alums/students. I would use this strategy to see if you can nudge Sloan to reconsider you for some additional funding. While Fuqua is not going to be a big mover for Sloan (Booth would have been), you can still do it under the cover of "I am really struggling with a choice" which takes away some awkwardness. More ideas are here: https://gmatclub.com/forum/negotiating- ... 12949.html and I think $100K is big enough.
At the same time, Regenerate put together some rankings and a trade off matrix here: https://gmatclub.com/forum/financial-ai ... 42190.html and Sloan and Fuqua are actually in the same bracket and by that measure, Fuqua would be a more advantageous choice.
Any time you get a new product, be that a car or a tool, we don't know what actually matters, what's important ,and that is extra that we will never use. In part that's because we never used the product and in part, because we never faced a challenge after/during using the product. Similarly, it is not easy to judge the value of an MBA if you have not done it. Having gone through it, I can say that giving a Tesla or a Porsche 911 to Sloan is probably not a great investment of your money. You could use for a downpayment for your house or invest in the market that seems to have lost its roof. At the same time, you probalby would have gone to Sloan had you not received this scholarship. The loan amount will drown in the long term financial implications of a lifetime.
What I noticed is that it is not about saving but rather spending. No matter how much money you give someone, if they don't cut their spending, they will end up with nothing. Similarly, you can save no matter how much you make. I have noticed that if I have extra money, it just disappears unless i am disciplined to put into savings, college fund, or elsewhere. Living on the East Coast, you will likely have a 1M house, a few cars, kids, possibly in private schools, and kids college - that is easily 2-3 million. If you are disciplined, then sure - you should take the savings but if you are someone like me who thinks they are disciplined and then goes on a shopping spree, then perhaps you don't need a scholarship since it will be gone anyway
I see you have applied a few years ago and now reapplied. If you don't mind me asking - what has changed? What do you feel made your profile stronger?
28 Dec 2020, 16:42
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bb
Love this way of thinking!
