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Updated on: 17 Jul 2024, 18:13
Originally posted by cleanwater25 on 17 Jul 2024, 15:15.
Last edited by cleanwater25 on 17 Jul 2024, 18:13, edited 1 time in total.
Last edited by cleanwater25 on 17 Jul 2024, 18:13, edited 1 time in total.
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Hi Everyone,
I'm looking for advice on which school I should be choosing. I'd greatly appreciate it if anyone could share your perspectives and provide recommendations!
First of all, my background:
1. 10+ years experience in traditional manufaturing industry, doing the core technical side of the business
2. Family business in the exactly same industry in Asia
3. 8 years of property management experience as side job.
4. Just started becoming a NYC realtor last year end, living in NYC currently
5. Currently late 30 years old.
Goals from MBA:
1. Explore to find out a career path that I can find endless passion for, pays well (Post MBA and long term), and in promosing industry. Being able to transition to entrepreneurship and start my own business in 5+ years. Gain some basic knowledge in Finance and investment. Make sense for my age.
2. Can support family business by providing suggestions for business development, operation optimization, investment, etc.
Where I am now:
1. Purely off of my research, the followings seem to satisfy all above criteria: Management Consulting, Corporate Financing, and Real Estate (with Finance focus)
2. With the uncertainty of areas I don't have background in, the conservative approach is to choose a program which would enable me to get in Real Estate investment or private equity firm post MBA.
3. I also want to keep my mind open to other options than Real Estate in case they better suit my goals, as descripted in "Goals from MBA"
Things that make me pull my hairs:
1. Booth is M7, but it has only 3 real estate courses, however very strong Finance academic strength;
NYU is not M7, but it has rich real estate courses with Finance Focus, and it's in NYC.
2. If I choose NYU, I lost the chance of going to a M7 school, but it will be easier for me, because I eventually want to stay in NYC and being in NYC would allow me keep exploring and developing my realtor job, even though I can try to manage to do both by living in Chicago and New York at the same time or even pause on this job. I am taking the Part Time MBA as full time anyway, and it becomes my absolutely top priorty. But it'd be nice to keep this job.
My current opinons on both schools:
Choosing Stern clearly will make my life so much easier and they have very awesome real estate program, NYC resources, and NYC connections; But if I decide later that Finance suits me better, then I'd lose chance of learning Finance in a M7 school (which is Booth).
On the other hand, Booth has very strong Finance academic rigor, but my concern is that, in case I do find Real Estate is my true passion, I will only regret that I didn't choose Stern if Booth is not able to prepare me for the Real Estate private equity or real estate investment jobs as well as Stern. My worry comes from the fact that Booth only has 3 real estate courses and their Finance strength wouldn't be able to balance the weakness in Real Estate or their Finance courses would not match too well with their Real Estate courses.
Also, choosing Booth will require me to make big sacrifices, either traveling regularly to Chicago, or paying double rent living in Chicago and NYC at the same time to be able to do my realtor job to the best extent that I can. I'm sure I can make this sacrifice if the difference between Booth and Stern is worth it.
Uncertainty:
Meanwhile, I'm waiting for CBS J-term. It'd be a problem solver if I'm admitted. But It's been 7 weeks since I submitted my application and I haven't heard anything. I saw quite a few people on Clear Admit had gotten interview invite, and their GMAT (720 ish classic) is slightly higher than mine (700 classic v38, q48). So I don't know if no news is good news, or I'm only waiting for being rejected. My soonest deadline to commit to either Booth or Stern is 8/6. Do I not have enough time for CBS J term?
THE Question:
Given my background, my goals, reality of my age, currently situation of being a NYC realtor, and willingness to stay in New York City long term, can someone shed light on me regarding make a decision between Booth and Stern, or keep waiting for CBS until the very last moment?
I greatly appreciate any input/feedback/suggestions in advance!
I'm looking for advice on which school I should be choosing. I'd greatly appreciate it if anyone could share your perspectives and provide recommendations!
First of all, my background:
1. 10+ years experience in traditional manufaturing industry, doing the core technical side of the business
2. Family business in the exactly same industry in Asia
3. 8 years of property management experience as side job.
4. Just started becoming a NYC realtor last year end, living in NYC currently
5. Currently late 30 years old.
Goals from MBA:
1. Explore to find out a career path that I can find endless passion for, pays well (Post MBA and long term), and in promosing industry. Being able to transition to entrepreneurship and start my own business in 5+ years. Gain some basic knowledge in Finance and investment. Make sense for my age.
2. Can support family business by providing suggestions for business development, operation optimization, investment, etc.
Where I am now:
1. Purely off of my research, the followings seem to satisfy all above criteria: Management Consulting, Corporate Financing, and Real Estate (with Finance focus)
2. With the uncertainty of areas I don't have background in, the conservative approach is to choose a program which would enable me to get in Real Estate investment or private equity firm post MBA.
3. I also want to keep my mind open to other options than Real Estate in case they better suit my goals, as descripted in "Goals from MBA"
Things that make me pull my hairs:
1. Booth is M7, but it has only 3 real estate courses, however very strong Finance academic strength;
NYU is not M7, but it has rich real estate courses with Finance Focus, and it's in NYC.
2. If I choose NYU, I lost the chance of going to a M7 school, but it will be easier for me, because I eventually want to stay in NYC and being in NYC would allow me keep exploring and developing my realtor job, even though I can try to manage to do both by living in Chicago and New York at the same time or even pause on this job. I am taking the Part Time MBA as full time anyway, and it becomes my absolutely top priorty. But it'd be nice to keep this job.
My current opinons on both schools:
Choosing Stern clearly will make my life so much easier and they have very awesome real estate program, NYC resources, and NYC connections; But if I decide later that Finance suits me better, then I'd lose chance of learning Finance in a M7 school (which is Booth).
On the other hand, Booth has very strong Finance academic rigor, but my concern is that, in case I do find Real Estate is my true passion, I will only regret that I didn't choose Stern if Booth is not able to prepare me for the Real Estate private equity or real estate investment jobs as well as Stern. My worry comes from the fact that Booth only has 3 real estate courses and their Finance strength wouldn't be able to balance the weakness in Real Estate or their Finance courses would not match too well with their Real Estate courses.
Also, choosing Booth will require me to make big sacrifices, either traveling regularly to Chicago, or paying double rent living in Chicago and NYC at the same time to be able to do my realtor job to the best extent that I can. I'm sure I can make this sacrifice if the difference between Booth and Stern is worth it.
Uncertainty:
Meanwhile, I'm waiting for CBS J-term. It'd be a problem solver if I'm admitted. But It's been 7 weeks since I submitted my application and I haven't heard anything. I saw quite a few people on Clear Admit had gotten interview invite, and their GMAT (720 ish classic) is slightly higher than mine (700 classic v38, q48). So I don't know if no news is good news, or I'm only waiting for being rejected. My soonest deadline to commit to either Booth or Stern is 8/6. Do I not have enough time for CBS J term?
THE Question:
Given my background, my goals, reality of my age, currently situation of being a NYC realtor, and willingness to stay in New York City long term, can someone shed light on me regarding make a decision between Booth and Stern, or keep waiting for CBS until the very last moment?
I greatly appreciate any input/feedback/suggestions in advance!
17 Jul 2024, 15:38
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Bookmarks
Congratulations on getting admitted to both programs.
I think it’s going to be a stretch for the J term at Columbia. Since it’s a full-time program, I assume it’s the full-time J term program, you’re not fitting in the profile they’re looking for. I’m in the little bit great if I am wrong.
So I have been in your shoes a long time ago and then a slightly different situation but pretty much hoping to use business school as a time to explore my strengths and weaknesses take some opportunities and get to the bottom of what really engages me…. I went to the full-time program which is kind of designed for that type of them exploration but only to a certain extent. You have an internship opportunity where you can mess around and explore but it’s really much better if you know where you want to end up from the very beginning. In that case, not exerting effort to compare options and instead pursuing a single goal.
The annoying part is that business didn’t really help me figure it out. I got a lot of conflicting messages and ideas. I came out inconclusive at the end of the experience. it was so busy and so stressful that it didn’t leave all that much time for self reflection and exploration. The part-time program will be less hectic but between your job and school I’m having to get at least a few hours of sleep a day, it will be busy.
I think your best opportunity to get clarity would be having information informational interviews and going out with people for coffee or beer and ask them questions about finance and about real estate and how business school helped them or maybe didn’t help them. You can reach out to current Stern PT students since you are there…. This is important because it will give you an idea of the community and support that you can receive in the future. Your main network will actually be your classmates. Not alumni and not full-time students and not the professors but your classmates. if you’re not getting responses right now as an admit, that’s potentially concerning sign…. So this will help you with the school choice.
I know it’s hard to make a choice since you have not gone through the whole experience but I think the benefits that you will get from local program, having a network in your backyard and having real estate opportunities, way most benefits that you would get from booth.
By the way, your employer doesn’t care what classes you took during business school and it’s not like the classes you do take would be teaching you how do something super practical. You taking a class at 6 PM after a day of work, what do you think you’re going to learn? Are you really going to dive into four hours of income statements and to remember all of it? The biggest value you will take out of the business school will be the confidence, the network and new skills and knowledge. The network in New York would be a lot stronger and your confidence and know which would be the same or potentially better.
So I would vote with confidence for Stern.
Posted from my mobile device
I think it’s going to be a stretch for the J term at Columbia. Since it’s a full-time program, I assume it’s the full-time J term program, you’re not fitting in the profile they’re looking for. I’m in the little bit great if I am wrong.
So I have been in your shoes a long time ago and then a slightly different situation but pretty much hoping to use business school as a time to explore my strengths and weaknesses take some opportunities and get to the bottom of what really engages me…. I went to the full-time program which is kind of designed for that type of them exploration but only to a certain extent. You have an internship opportunity where you can mess around and explore but it’s really much better if you know where you want to end up from the very beginning. In that case, not exerting effort to compare options and instead pursuing a single goal.
The annoying part is that business didn’t really help me figure it out. I got a lot of conflicting messages and ideas. I came out inconclusive at the end of the experience. it was so busy and so stressful that it didn’t leave all that much time for self reflection and exploration. The part-time program will be less hectic but between your job and school I’m having to get at least a few hours of sleep a day, it will be busy.
I think your best opportunity to get clarity would be having information informational interviews and going out with people for coffee or beer and ask them questions about finance and about real estate and how business school helped them or maybe didn’t help them. You can reach out to current Stern PT students since you are there…. This is important because it will give you an idea of the community and support that you can receive in the future. Your main network will actually be your classmates. Not alumni and not full-time students and not the professors but your classmates. if you’re not getting responses right now as an admit, that’s potentially concerning sign…. So this will help you with the school choice.
I know it’s hard to make a choice since you have not gone through the whole experience but I think the benefits that you will get from local program, having a network in your backyard and having real estate opportunities, way most benefits that you would get from booth.
By the way, your employer doesn’t care what classes you took during business school and it’s not like the classes you do take would be teaching you how do something super practical. You taking a class at 6 PM after a day of work, what do you think you’re going to learn? Are you really going to dive into four hours of income statements and to remember all of it? The biggest value you will take out of the business school will be the confidence, the network and new skills and knowledge. The network in New York would be a lot stronger and your confidence and know which would be the same or potentially better.
So I would vote with confidence for Stern.
Posted from my mobile device
