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AFSeminole
Joined: 26 Aug 2016
Last visit: 15 May 2019
Posts: 16
Given Kudos: 1
Location: United States
Schools: HBS '21 (D) Wharton '21 (A) Darden '21 (A$)
GMAT 1: 740 Q49 V40
GRE 1: Q159 V160
21 Mar 2019, 19:36
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Only two options are Wharton and Darden. I will be separating from active duty and have 60% GI Bill benefits. The below Costs of Attendance are from each school's respective websites. My fiancee will be moving with me so she will be helping some with living expenses. However, I don't want to put too much pressure on her from a financial standpoint and don't want to deplete our savings either as we are planning our wedding. We both visited Charlottesville and loved it. I liked Wharton a bit better than Darden when I interviewed. Post MBA goals are currently to go into consulting which I know Darden is well known for. Obviously Wharton is the more brand name school, but not sure if it's worth the additional out of pocket cost. Wish I could go to both admitted students weekends, but they are on the same day.
Wharton-Cost of Attendance: $111,900. No Scholarship. GI Bill Contribution- $14k a year for tuition. GI Bill Housing Stipend-$11k. Total-$25k. This leaves a net of $86,900 I would have to fund with savings and loans. Have some savings, but not enough to cover difference.
Darden-Cost of Attendance: $94,524. Scholarship amount-$33,750. GI Bill Contribution-$40,500. $8,651 for housing from GI Bill. Total $82,901. Leaving a net of $11,623 which I could easily cover with savings. I was also accepted to UVA Law and might pursue a joint JD/MBA if I attend Darden. All tuition for law school covered from scholarship and GI Bill as well.
Wharton-Cost of Attendance: $111,900. No Scholarship. GI Bill Contribution- $14k a year for tuition. GI Bill Housing Stipend-$11k. Total-$25k. This leaves a net of $86,900 I would have to fund with savings and loans. Have some savings, but not enough to cover difference.
Darden-Cost of Attendance: $94,524. Scholarship amount-$33,750. GI Bill Contribution-$40,500. $8,651 for housing from GI Bill. Total $82,901. Leaving a net of $11,623 which I could easily cover with savings. I was also accepted to UVA Law and might pursue a joint JD/MBA if I attend Darden. All tuition for law school covered from scholarship and GI Bill as well.
BiotechGuy
Current Student
Joined: 15 Nov 2017
Last visit: 16 Oct 2022
Posts: 16
Own Kudos:
Given Kudos: 4
Location: United States (CA)
Concentration: Healthcare, Strategy
Schools: Sloan '23 (D) Kellogg EWMBA'25 (M)
GPA: 3.85
WE:Analyst (Pharmaceuticals and Biotech)
21 Mar 2019, 20:12
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This is an interesting situation. My first take was that you would be crazy to not take the offer from Wharton. However, the thought of a discounted JD/MBA had me thinking a little bit more about the offer from Darden. If your goal is to truly end up in consulting, I still think a Wharton MBA is going to give you the best shot. Important to note that this career path offers generous comp packages, so I would be less worried about short term debt. Another thing to consider is that Darden's JD/MBA is a 4-year program which equates to higher opportunity cost. Just my $0.02!
21 Mar 2019, 20:19
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I would go for Wharton. It is rank 1
