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19 Apr 2023, 01:11
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Hi
I have been fortunate to have received offers from two top institutions - NYU Stern (Full scholarship) and Yale SOM (~50% scholarship). I am confused about which option I should go with. I have a background in engineering and finance and am looking to start my own venture in the longer run. I am looking for a school that offers a lot of exposure and has a good startup culture. Any help/insights would be appreciated.
I have been fortunate to have received offers from two top institutions - NYU Stern (Full scholarship) and Yale SOM (~50% scholarship). I am confused about which option I should go with. I have a background in engineering and finance and am looking to start my own venture in the longer run. I am looking for a school that offers a lot of exposure and has a good startup culture. Any help/insights would be appreciated.
19 Apr 2023, 01:33
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Congratulations on your admits. That’s a phenomenal result with 100% stern scholarship. And 50% Yale. That’s really really good!
And I’m sure you probably have it figured out in your head but one suggestion would be to think what you would be recruiting for in the immediate future after graduation. This will determine the lot of your success, not so much a choice of schools.
Here are some scenarios.
1. If you’re planning to start your own venture after business school, you want to have as little death as possible, preferably while having a strong support network and a strong brand that can give you credibility and opportunities to raise money. If you graduate with a big loan or a bigger loan, you’ll have a payment to make and that’s going to interfere with your ability to sustain Operations before you get any kind of funding and will kind of force you to change course and start recruiting. You generally want to avoid changing course because that’s just in efficient. I am oversimplifying here and making a lot of assumptions but bottom line is less money borrowed, means less pressure and more chances your venture will not be abandoned.
2. Scenario two. Do you want to do a start up in the long run but immediately after business school, you want to work in consulting for example or tech for a number of years to pay off your loans and catch your breath and get established and maybe work on your start up in the evenings type of thing. in this case you will need to recruit and find a job and you will have to choose between recruiting and entrepreneurial activities. It’s possible to do both but it’s a big commitment and it’s going to create all kinds of conflicts. As a result, you are more likely to just focus on recruiting and your immediate career after business school and so the whole entrepreneurship aspect will not actually play a big part
So I would encourage you to think through these two scenarios and there’s probably even more. Stern and Yale are very much peer schools. And since you will need a strong network for entrepreneurship, Stern has the advantage of a lot of graduates staying in the city and LodgeNet work off of undergraduate and other alumni. So New York City can be a homebase and I think you’ll find plenty of entrepreneurial spirit there.
Add the same time, I feel Yale has better entrepreneurship focus…. Or at least the marketing of their entrepreneurial focus . https://som.yale.edu/story/2022/startup ... m-ventures however, the part that kind of makes me wonder is what happens after graduate from Yale? Do you stay in New Haven and try to make it work? It seems like a tough preposition.
Oh, and I would probably choose Stern 😇
Posted from my mobile device
And I’m sure you probably have it figured out in your head but one suggestion would be to think what you would be recruiting for in the immediate future after graduation. This will determine the lot of your success, not so much a choice of schools.
Here are some scenarios.
1. If you’re planning to start your own venture after business school, you want to have as little death as possible, preferably while having a strong support network and a strong brand that can give you credibility and opportunities to raise money. If you graduate with a big loan or a bigger loan, you’ll have a payment to make and that’s going to interfere with your ability to sustain Operations before you get any kind of funding and will kind of force you to change course and start recruiting. You generally want to avoid changing course because that’s just in efficient. I am oversimplifying here and making a lot of assumptions but bottom line is less money borrowed, means less pressure and more chances your venture will not be abandoned.
2. Scenario two. Do you want to do a start up in the long run but immediately after business school, you want to work in consulting for example or tech for a number of years to pay off your loans and catch your breath and get established and maybe work on your start up in the evenings type of thing. in this case you will need to recruit and find a job and you will have to choose between recruiting and entrepreneurial activities. It’s possible to do both but it’s a big commitment and it’s going to create all kinds of conflicts. As a result, you are more likely to just focus on recruiting and your immediate career after business school and so the whole entrepreneurship aspect will not actually play a big part
So I would encourage you to think through these two scenarios and there’s probably even more. Stern and Yale are very much peer schools. And since you will need a strong network for entrepreneurship, Stern has the advantage of a lot of graduates staying in the city and LodgeNet work off of undergraduate and other alumni. So New York City can be a homebase and I think you’ll find plenty of entrepreneurial spirit there.
Add the same time, I feel Yale has better entrepreneurship focus…. Or at least the marketing of their entrepreneurial focus . https://som.yale.edu/story/2022/startup ... m-ventures however, the part that kind of makes me wonder is what happens after graduate from Yale? Do you stay in New Haven and try to make it work? It seems like a tough preposition.
Oh, and I would probably choose Stern 😇
Posted from my mobile device
MBASomeTime
25 Apr 2023, 08:42
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As someone that worked in VC post-MBA, I don't believe that SOM is stronger in entrepreneurship (the parent institution is). How much you would be able to leverage that I'm not so sure, but everyone that works in this industry is relatively aware of where different MBA programs stand. A good proxy for this would be this post (unicorn founders by MBA program) and Pitchbook rankings (which is all graduate programs in aggregate). Also a full scholarship at a peer school is more prestigious, but I can't tell you how many points that'll award you. But to decide between programs you'll have to define what "longer term" means for you, and what your goals and regional preferences are immediately post MBA. It's entirely possible that the network you'll develop there will mostly supplant the one from your program.
https://media.licdn.com/dms/image/D5622 ... SMx6UyhTs0
https://pitchbook.com/news/articles/pit ... y-rankings
https://media.licdn.com/dms/image/D5622 ... SMx6UyhTs0
https://pitchbook.com/news/articles/pit ... y-rankings
