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Wharton vs. Kellogg with $$$

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bschoolatlast
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BazingAu
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bschoolatlast
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bschoolatlast
I just read a couple of threads from folks facing a similar decision. I am deciding between Wharton vs. Kellogg, which has offered me a $125K scholarship.

I am all about name and prestige so I was pretty set on Wharton until I read some of the feedback on those other threads and from a mentor of mine. Call it pride, but my main priority is having a reputable name on my resume because people will be seeing it for the rest of my career.

Aside from the brand name, I would like to go into banking/PE. I'm essentially a career changer; I've been dabbling in finance, but my roles have been non-traditional (worked in middle office, at a securities law firm doing research, now in corporate finance). Hence, my career interests in finance, particularly banking, make me lean toward Wharton. Would Kellogg offer me similarly strong opportunities to switch into banking?

Other minor factors affecting my decision:
- Kellogg is located 10 min. from my hometown where my family still lives so I would be saving further on room & board.
- I want to stay in the NYC area (where I'm currently at) since my social circle is here... and I would be closer to my bf.

I would greatly appreciate feedback! Thank you so much.

Hwo important is financing your MBA for you? I mean, if you dont mind taking up 150K loan for Wharton, then definetely Wharton since it is Finance heavy else if you are skeptical about the debt, its a no brainer - Kellogg.
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mgg234
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88% of people who applied for IB at Kellogg last year got an investment banking offer, and it was all at BB's and elite MM's. If you have a full scholarship, your chance is near 100%.

Without prior experience, you have zero shot of getting into PE even from Harvard, so you should probably remove that as a career goal.

Plus, Kellogg is considerably more fun than Wharton ;-)
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wluck
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Call it pride, but my main priority is having a reputable name on my resume because people will be seeing it for the rest of my career.

That's probably not going to be the case. Would someone be looking at your b-school early in your career? Yes, definitely. 20 years from now? I had no idea where the CEO from my own employer got his MBA from until I read his linkedin profile just now. Apparently he went to Chicago Booth. :P

I believe your MBA will follow you, even 20 years from now. It probably won't be used to get you a job, but it will always be on your bio- I guess that is my point. For example, as part of a going public process, I was informed that I must follow the standard SEC template when providing bio's for directors & officers- the last line on the template states, "He has an undergraduate degree from x and an MBA from y."

Both are reputable schools. It's not like you're choosing between Wharton and the University of Phoenix. I don't think having Kellogg on your resume is going to hinder your success in any way. I would go with Kellogg. $125k is tough to turn down.
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Wharton is a perennial top 2 / top 3 program for finance, while Kellogg is a perennial top 10 program for finance. You will not find yourself with a lack of opportunity no matter which you choose. I think you have a gut feeling about where you want to go. Go to whatever school you think will make you happier. And if you still have a hard time choosing, I would suggest making a weighted list to decide. And congratulations on getting in to both of those programs!
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Honestly this shouldn't even be a thread that needs voting. Take the money and run. Period. Kellogg is one of the greatest schools in business. The difference in the doors the two will open is negligible. The debate here is strictly one of ego. Having Wharton makes you feel all warm and fuzzy because of the name. Ego has a price $125K should be enough.
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Take Kellogg. Yes Wharton has a bit more clout in some circles, but the difference between the two there in offset by the big scholarship. Congrats!