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The Decision: Rice Jones vs. UT McCombs (Houston)
I entered the MBA landscape coming from a government/military background with a distinct goal: successfully pivot into the private sector, ideally through a corporate Leadership Development Program (LDP).
I targeted working-professional programs because I was hesitant to take on two years of unemployment when I could theoretically stay employed, earn a paycheck, and transition immediately upon graduation. I narrowed my choices down to UT McCombs (Houston campus) and Rice Jones.
I chose Rice for a few specific reasons that are highly relevant to career switchers:
• Transparency: At the time, McCombs did not release a separate employment report for their Houston PMBA cohort, making it hard to track actual career outcomes.
• Cohort Intentions: During my campus visits, it felt like the vast majority of McCombs Houston students were looking to climb the ladder within their current companies rather than execute a hard career pivot.
• Career Support & OCR: The McCombs Houston career office felt under-resourced (essentially a single person at the time), and PMBAs did not have full access to On-Campus Recruiting (OCR), which made us feel a bit like "second-class citizens" compared to the full-time students. Rice treats everyone in every program the exact same.
The Rice PMBA Experience & Veteran Financing
The program itself is highly accessible, offering flexible evening or weekend formats that accommodate a demanding work schedule. The classes are high-quality, and the caliber of the classmates varied, from very good to not great when it came to contributions in the classroom or group work.
From a financial perspective, Rice is incredibly veteran-friendly if you have the right benefits. I had 100% Post-9/11 GI Bill eligibility and utilized the Yellow Ribbon program, meaning I paid zero out-of-pocket for the tuition.
Furthermore, you can still receive merit scholarships on top of your VA benefits:
• The maximum merit scholarship Rice offers for the PMBA program is capped at $10,000.
• I was awarded a $5,000 scholarship. Because the GI Bill and Yellow Ribbon already covered 100% of the tuition, this scholarship money was refunded directly to me as a cash stipend of $1,250 per semester.
• Hindsight tip for vets: Negotiate your merit aid. In retrospect, I should have held out and pushed for the maximum $10,000 scholarship simply to double the amount of cash refunded to me during the program.
The Reality of the "Working Pivot"
This is the most critical piece of advice I can offer to fellow veterans or government transitioners: Recruiting for a total career pivot while working a full-time job is incredibly difficult.
An MBA pivot relies heavily on the summer internship. If you do not have prior corporate experience in a specific functional area, landing a full-time role without a structured summer internship is the exception, not the rule. Balancing a demanding day job, rigorous coursework, and heavy networking means something will inevitably give. For me, despite landing interviews, the lack of an internship pivot made securing an LDP role incredibly tough, and I didn't walk away with an offer in that space.
Networking & Final ROI
The Rice alumni network is remarkably strong, especially within Houston and across Texas. Every single alumnus I reached out to was incredibly responsive, generous with their time, and open to talking. However, outside of Texas, the network's penetration varies widely.
Ultimately, I accepted a post-MBA role that I could have secured without the degree, meaning my personal MBA ROI is still "to be determined."
Final Verdict for Veterans
If you are using the MBA to make a significant industry or functional pivot out of the military/government, I strongly recommend doing a Full-Time MBA program—whether at Rice or another Top 30 school. Do not think you can short-cut the system by doing an online or professional program.
Because the GI Bill and Yellow Ribbon fully cover both formats, the financial risk of standard unemployment is heavily mitigated (plus, you get the BAH/housing allowance). The dedicated time for interview prep, heavy networking, and crucially, the structured summer internship, is vital for a seamless transition. The PMBA is an outstanding program if you want to accelerate your current trajectory while keeping your day job, but for a hard pivot into a new corporate field, the full-time program is worth the investment.
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If your goal is to get a job in investment banks or energy companies in Texas, come to Jones. But if you want to work in other industries, no matter in the state or not, Jones is not your best option. The school has limited influence in sectors other than IB and oil&gas. The worst thing is that those companies outside of Texas (say the west coast, the northeastern, or even the midwest) have no interest in recruiting you as there is already a bunch of better B-schools in their areas.
The career development office is good at what they are doing now. But if your situation is not the same as those of your peers, they will tell you that you are so unique that they found it hard to help you. I have heard from some of my classmates who are into marketing or general management complaining about the limited assist the school can offer.
Courses are generally great. Some top professors are good at both teaching and educating, while some others are not worth mentioning.
Again, think about your career goal. Jones does provide chances for a small group of people who are interested in high-income jobs in specific industries. But that's all that they care about. This whole "unconventional wisdom" is like a joke.
At last, for those people of color, you won't get the same opportunities here.
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I came to Rice with the goal of learning about entrepreneurship and acquiring the tools that would prepare me for entrepreneurship (concepts & skills, thought process, network etc.). In addition, I wanted access to an environment where I could make mistakes and learn from them. Glad to say that Rice checks all those boxes.
Rice University as a whole, and the Jones School in particular, have a great entrepreneurship setup. There is a lot of information about this online (entrepreneurship.rice.edu), which I made use of in my decision-making process when choosing a school. I am going to mention a few elements that are important to me.
The Rice Alliance hosts the world's biggest B-plan competition (RBPC). I will get to play a small role on the organizing end. It also hosts events such as the Energy & Clean Tech Venture Forum, the IT Venture Forum in which students can get involved.
Rice has the Liu Idea Lab for Innovation and Entrepreneurship (LILIE), a great co-working space where you get to meet like-minded people from all of Rice (Big Rice). LILIE also hosts a lot of talks and other events with speakers from various fields related to entrepreneurship.
Rice also has the OwlSpark, a 12-week startup accelerator program, which culminates in the Bayou Startup Showcase.
JGSB organizes multiple treks throughout the year. These are trips to various cities (NY, Austin, San Francisco, Seattle etc.) that let you visit businesses related to a particular theme such as tech, finance, energy etc.
Then there's the small matter of people. The people at Rice (professors, staff, administrators) are very very helpful; it's just amazing. My classmates are from across the world, across the country and from various walks of life. I have ex-military folks, lawyers, a sous chef, doctors, engineers, consultants, a PhD among my classmates. If you throw a rock, it's more likely than not that you would hit a an achiever.
Houston is a fantastic city! Great food, lovely weather, and this little team that won the World Series. There are a lot of big businesses here. Location was a big positive in Rice's favor.
If you are interested in entrepreneurship or oil & gas, Rice would be great for you. But don't take my word for it. That's one of the ideas that's been hammered into me now. Don't make assumptions; don't rely on isolated opinions; talk to the people who are going through the experience that you want to understand.
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Small class sizes allow collaboration and access to other student and faculty. This was the main reason that I decided on Rice over other schools. I got the job I wanted and everyone was placed for internships. If you focus on finance all of the classes are very repetitive, but it does reinforce concepts. This will be useful for my professional life. If you are looking for a program where you won't get lost and will still get a great education Jones could be for you. If the program grows too much, keep in mind the facilities are only suited for around 200 students between two classes.
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I have had a wonderful experience at Jones over the last few years. I have made some incredible friendships with some extraordinary people including my future wife. What's interesting about Rice is that a lot of students, including myself, chose to attend this school while holding offers from higher ranking school. This is due not only to the financial aid offered, but also to the post MBA opportunities and the city of Houston. Houston is the 4th largest city in the United States and the most diverse (http://www.latimes.com/nation/la-na-houston-diversity-2017-htmlstory.html). I was in New York City for 6 years prior to school and have been pleasantly surprised by all Houston has to offer.
I have found a school and city that I see myself staying involved with for the long haul. The network may be on the smaller side, but is incredibly intimate. Additionally, Rice has a great brand in the South that will only help it become more of a standout school. Coming to school, I wanted to get a job in consulting and had no issues doing so (Big 4, not Big 3). While I could have gone to better schools with a more diverse student body, I am incredibly happy to attend a fantastic school with very little in loans and a job I am thrilled about.
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Pros: Small program, so you don't get overlooked and you get to know all of your classmates, professors, career advisors, etc. Administration is focused on improving Rice's ranking and brand image across the nation. Endowment allows for numerous scholarship opportunities and continued funding of events, facilities improvement, etc.
Cons: Location and size of program limit the opportunities you have with your career. More focus on IB, Consulting, Energy, Entrepreneurship than other disciplines.
Unless you are focused on Houston/Texas Market, don't expect to easily recruit out of state. Operations and marketing roles are tough to obtain given limited exposure during program
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The Jones Graduate School of Business at Rice University should be a top consideration for any students looking for the intimate environment of a small private school combined with world class faculty, staff, and students. With smaller class sizes, the Jones Graduate School of Business is able to provide unique experiences and opportunities that are unable to be found at larger business schools.
With areas of specialization in Investment Banking, Finance, Consulting, Entrepreneurship, and Marketing, Jones ranks up there among the best that business schools have to offer and is the gold standard of business education in the Southern United States region.
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The Jones School has a very familial atmosphere and the small class size allows students to really get to know their classmates. I was looking to transition from engineering before business school to a commercial role in the energy sector after school. The Jones School positioned me to make this jump and the Career Management Center was very helpful in talking through options for commercial opportunities. The school's administration and faculty are phenomenal and always keep an open door to talk to students. The Jones School is also very generous with scholarship money which is an added bonus if you are trying to make it through b-school with little to no debt.
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Thanks for sharing! Could you talk more specifically about your experience as a person of color @ Rice? In what ways is the career office not as helpful for students of color?
Thanks for this insight! It's nice to hear honest bad reviews in addition to gushing good reviews! Haha. Do you have any updates for us? You wrote your review on your second month of your 2 year program (start August 2019, graduate 2021?). CDO update? People of color update? COVID situation update?
For the race issues, I would say that the school is sensitive and does care about the minorities. However, it is obvious that they sometimes failed to understand specific needs and situations of students of color. The recruitment team did a great job of building up a highly diversified student group, but those who run the program are somewhat inexperienced and didn’t manage to get the best out of some students. That’s why I said the opportunities given were not for everyone.
I don’t know about other schools, but from what I known of at Jones, around 40% of students do not have internships.