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EBSIFounder
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Schools:Duke (Accepted + $), Tuck (Accepted), Wharton (WL), Haas (WL), Ross (Accepted), Yale (Accepted), Anderson (Accepted + $$$)
GPA: 3.7 from a top 5 US Engineering School
WE 1: 4.5 yrs management consulting at Top-tier firm and then at a life sciences boutique
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Yet another "help decide my fate" thread 13 Apr 2011, 10:19
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carriedinterest
I've had a humbling application season. Without getting into the gory details, here are my stats and an overview of how my applications panned out:

Stats: 28 / M / 690 / 3.9 / 4+ years WE in IB

Results (in chronological order):
CBS (ED): interview -> WL -> rejected
HBS: rejected without interview
Wharton: interview -> WL -> rejected
Yale: accepted
NYU: WL without interview

The question: should I enroll at Yale or try to wrangle a promotion at work and re-apply next year?

I selected these schools because I told myself that I would be delighted to attend any one of them. Perhaps naively, I didn't anticipate a scenario in which I was only admitted to one program. I really like Yale - and grew to like the program even more throughout the application process - but the lack of an alternative option has given me pause. I want to make sure that I'm doing this for the right reasons, and not just accept an offer because I feel that I have nowhere else to go. B-school is too large an investment for that.

I'm leaning heavily toward matriculating. I'm a firm believer that individuals (rather than brand names) are the masters of their own career path, and that a school's job is simply to provide access to recruiters and the intellectual framework to guide students through their careers. I think Yale will more than live up to its end of the bargain on both counts: the program's innovative core curriculum and the Yale College / SOM alumni networks should put me in a pretty strong position come recruiting season. Besides, landing a job my target industry (PE) will require enormous initiative no matter which institution's diploma hangs on my wall in two years.

Any thoughts? Nods of agreement? Dissenters? Any input is greatly appreciated.
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Based on what you said, I would matriculate at Yale. Great school, great people and a great brand.

Just because all of your other applications were unsuccessful does not make Yale any better or worse, or you any better or worse. And if are not already in PE i.e. a career switcher, then getting a promotion at your current job and reapplying may get you into a slightly better school ... but your chances of landing a PE job remains the same regardless of where you go. You'll only be losing a year, a year of post-MBA earnings and will only progress slower by a year towards your ultimate career goal
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upInTheAir
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Yet another "help decide my fate" thread 13 Apr 2011, 11:02
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I say matriculate at Yale as well. For these reasons:

1. Yale is a GREAT school
2. Your promotion at work isn't guaranteed so as a reapp if you don't show your growth as a candidate you will have an even harder time getting in. Although if you think you can get a higher GMAT score, you might want to retake the test and try to get off a waitlist that way.
3. You said so yourself - you're the master of your own career path. Yale will bring pretty much the same recruiters as the other schools that didn't work out for you so make the most out of your time at Yale and don't look back.

just my 2c.
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estreet
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Yet another "help decide my fate" thread 13 Apr 2011, 12:16
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Go for the admitted students weekend and get a feel for your class and you get another factor to consider before making the call
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simmy818
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Yet another "help decide my fate" thread 13 Apr 2011, 12:20
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ask urself if u had 2 choices NYU and Yale .. what would u do ?

Also other thought would be since u applied to only 5 - u have only applied to Yale - cuz u thought it a grt school... so just get in :)
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DayZBanker
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Yet another "help decide my fate" thread 13 Apr 2011, 13:09
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upInTheAir
I say matriculate at Yale as well. For these reasons:

1. Yale is a GREAT school
2. Your promotion at work isn't guaranteed so as a reapp if you don't show your growth as a candidate you will have an even harder time getting in. Although if you think you can get a higher GMAT score, you might want to retake the test and try to get off a waitlist that way.
3. You said so yourself - you're the master of your own career path. Yale will bring pretty much the same recruiters as the other schools that didn't work out for you so make the most out of your time at Yale and don't look back.

just my 2c.
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Carriedinterest - I have a similar profile as yours, have the same career goals, applied to basically the same schools with the same humbling outcome, and had the same doubts. At the end of the day, i decided to matriculate due to the reasons outlined by UpIntheAir and EBSIFounder
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carriedinterest
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Yet another "help decide my fate" thread 13 Apr 2011, 20:43
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Was reading through this on my iPhone and accidentally deleted my original post! Oops.

Thanks for the responses. I tend to agree with all that's been said. I'll go to welcome weekend to conduct a final round of due diligence, and very likely submit my deposit shortly thereafter.

Dayzbanker - we'll have to meet up when we get settled in New Haven.

Posted from my mobile device