Events & Promotions
|
|
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Apr 2310:00 AM EDT
-10:30 AM EDT
Admissions committees evaluate the GMAT/GRE in context — your background, your representation in the applicant pool, the strength of everything else in your file. The same score works for one candidate and falls short for another with identical numbers.
Apr 2312:00 PM PDT
-01:00 PM PDT
Inquire for a free profile evaluation and guarantee statement for possible admits and scholarships!
Apr 2408:30 PM IST
-09:30 PM IST
Join us for a Live Coffee chat with Jenifer Turtschanow where we talk about enhancing your MBA profile and fixing gaps in just 4 months.
Apr 2511:00 AM EDT
-01:00 PM EDT
Looking to secure a coveted spot at a top business school? Our team of seasoned MBA admissions consultants, including top B schools alumni and industry leaders, is here to help turn your dreams into reality. Let’s kick-start your journey to success!
15 Jan 2022, 12:43
Kudos
Bookmarks
Hello Gmatclub community!
Hope you are all well!
So here is my dilemma: I have been accepted at both HEC Paris and Dartmouth Tuck (both beginning fall 2022) and I am struggling to make a final decision.
I'll be attending business school with my family (partner and two young kids), and our strong preference, culturally, is to the US. I am French (it helps with HEC), with 7 years of exp in corporate finance in CPG + Manufacturing in different continents (US, Europe, South America).
My goal is to stay in corporate finance or move towards general management in either tech or CPG/Retail. Not interested in consulting or IB. For both schools, I am pretty confident I'll find a good job that matches my aspirations.
Both schools gave me OK scholarships (approximately the same % in terms of the total amount of tuition fees - slightly bigger with Tuck).
As I said, even though I am French, we strongly favor the US and the opportunity to potentially stay long-term in the US is really appealing to us. However, the total cost of attendance in the US is real high, and I'd probably leave Tuck with a +100/120k in debt, while I'd probably be debt-free when leaving HEC (thanks to savings). Additionally, funding possibilities for the US are not as easy to get for me as they are for HEC, and I will probably live on a much tighter budget at Tuck vs HEC.
1. Financials: considering that I'd be supporting a family of four and that we'd love to settle in the North-Eastern region of the US after school, do you guys think going to Tuck is worth paying 5 to 6 years of bonuses + high monthly loan payments? Money is quite important in my case, as my spouse will not be allowed to work in the US, and I don't really want to choose a path that's going to exhaust us financially. I have a clear picture of salary growth in France after 3 to 5 years after MBA but I am not as sure with the US, and a much higher level of salary 5 years after school in the US might eclipse this extra 100k in debt.
2. Networks: Tuck is known mostly in the US, HEC mostly in Europe (and somewhat in Asia). I don't feel there is a clear winner, and I feel I'd be well served in both cases. Tuck's network in the US is really great though.
What do you guys think?
Thanks a lot for the help!!!
Hope you are all well!
So here is my dilemma: I have been accepted at both HEC Paris and Dartmouth Tuck (both beginning fall 2022) and I am struggling to make a final decision.
I'll be attending business school with my family (partner and two young kids), and our strong preference, culturally, is to the US. I am French (it helps with HEC), with 7 years of exp in corporate finance in CPG + Manufacturing in different continents (US, Europe, South America).
My goal is to stay in corporate finance or move towards general management in either tech or CPG/Retail. Not interested in consulting or IB. For both schools, I am pretty confident I'll find a good job that matches my aspirations.
Both schools gave me OK scholarships (approximately the same % in terms of the total amount of tuition fees - slightly bigger with Tuck).
As I said, even though I am French, we strongly favor the US and the opportunity to potentially stay long-term in the US is really appealing to us. However, the total cost of attendance in the US is real high, and I'd probably leave Tuck with a +100/120k in debt, while I'd probably be debt-free when leaving HEC (thanks to savings). Additionally, funding possibilities for the US are not as easy to get for me as they are for HEC, and I will probably live on a much tighter budget at Tuck vs HEC.
1. Financials: considering that I'd be supporting a family of four and that we'd love to settle in the North-Eastern region of the US after school, do you guys think going to Tuck is worth paying 5 to 6 years of bonuses + high monthly loan payments? Money is quite important in my case, as my spouse will not be allowed to work in the US, and I don't really want to choose a path that's going to exhaust us financially. I have a clear picture of salary growth in France after 3 to 5 years after MBA but I am not as sure with the US, and a much higher level of salary 5 years after school in the US might eclipse this extra 100k in debt.
2. Networks: Tuck is known mostly in the US, HEC mostly in Europe (and somewhat in Asia). I don't feel there is a clear winner, and I feel I'd be well served in both cases. Tuck's network in the US is really great though.
What do you guys think?
Thanks a lot for the help!!!
15 Jan 2022, 13:13
Kudos
Bookmarks
Hi and congratulations on your hard work paying off.
It sounds like most of your concerns are financial and I think that is a valid concern but hopefully I may have a pretty straightforward answer. The bottom line, the salaries in the US are substantially higher than what you would get in Europe. This year especially, hiring fresh graduates from business school, a number of tech companies are paying $100,000 signing bonus. You get 50 more thousand after the first year. Part of the reason is inflation and part of the reason is the tough job market that may or may not be there when you graduate, but even if you land in Soft economy, within a few years, your total income potential would be meaningfully higher than what you would get in Europe. I would also encourage checking with some of the tech students about a couple other items as well but I would ask them about job outcomes and how stressed they are financially.
Also, my suggestion would be to borrow as much as you can so you have a cushion just in case. Prodigy provides loans for international applicants as well as MPower financing. GMAT Club actually offers up to $500 rebate when you sign up with prodigy through our link. You can check it out in the financing sub forum. Sorry, typing on the phone so can’t easily multitask and share a link here.
My bigger concern would be for quality of life and opportunities for your partner and your children. Take is pretty remote and while you’re not living in tents in the woods, you’re probably not going to have a French bilingual school in your backyard. It would be great to have your family situation handled and taken care of so you don’t have to worry about them and you can focus on school and recruiting. It’s one less thing to stress about. That would be my biggest concern about going to talk, having a family be comfortable and happy. In part, because I don’t know your situation or the needs or the opportunities that exist for families around talk. It does not mean it will be a negative experience, don’t take it that way please.
To summarize, taking into consideration the scholarship, I don’t have a lot of concerns about financial constraints. I know risk tolerance is very different when you have a family and children and I realized that as well. Which is the reason I would recommend borrowing as much as you can borrow even if you have to pay a little bit of interest. It’s important to have some emergency funds and reserve just in case. Also, if you have enough money for the first year for example, I would instead borrow half the amount in the first year and a half amount in the second year as opposed to only borrowing for the second year. Unless of course you have a way to tap into cheap financing. Keep in mind, the student budgets that are provided by universities a bare-bones and they’re not really representative of what you end up spending.
Congratulations!!!
Posted from my mobile device
It sounds like most of your concerns are financial and I think that is a valid concern but hopefully I may have a pretty straightforward answer. The bottom line, the salaries in the US are substantially higher than what you would get in Europe. This year especially, hiring fresh graduates from business school, a number of tech companies are paying $100,000 signing bonus. You get 50 more thousand after the first year. Part of the reason is inflation and part of the reason is the tough job market that may or may not be there when you graduate, but even if you land in Soft economy, within a few years, your total income potential would be meaningfully higher than what you would get in Europe. I would also encourage checking with some of the tech students about a couple other items as well but I would ask them about job outcomes and how stressed they are financially.
Also, my suggestion would be to borrow as much as you can so you have a cushion just in case. Prodigy provides loans for international applicants as well as MPower financing. GMAT Club actually offers up to $500 rebate when you sign up with prodigy through our link. You can check it out in the financing sub forum. Sorry, typing on the phone so can’t easily multitask and share a link here.
My bigger concern would be for quality of life and opportunities for your partner and your children. Take is pretty remote and while you’re not living in tents in the woods, you’re probably not going to have a French bilingual school in your backyard. It would be great to have your family situation handled and taken care of so you don’t have to worry about them and you can focus on school and recruiting. It’s one less thing to stress about. That would be my biggest concern about going to talk, having a family be comfortable and happy. In part, because I don’t know your situation or the needs or the opportunities that exist for families around talk. It does not mean it will be a negative experience, don’t take it that way please.
To summarize, taking into consideration the scholarship, I don’t have a lot of concerns about financial constraints. I know risk tolerance is very different when you have a family and children and I realized that as well. Which is the reason I would recommend borrowing as much as you can borrow even if you have to pay a little bit of interest. It’s important to have some emergency funds and reserve just in case. Also, if you have enough money for the first year for example, I would instead borrow half the amount in the first year and a half amount in the second year as opposed to only borrowing for the second year. Unless of course you have a way to tap into cheap financing. Keep in mind, the student budgets that are provided by universities a bare-bones and they’re not really representative of what you end up spending.
Congratulations!!!
Posted from my mobile device
