Masters at an Ivy League or PhD at Vanderbilt?

I am applying to three B-schools and two PhD programs. Two of the B-schools are ivy league, while the other programs are mid T-20s. The Vanderbilt PhD program in Economics seems like a sure bet, but in case some miracle happens and I do get accepted into one of the Ivies, should I pass up a PhD from Vanderbilt?

 

I don't think Brown offers MBAs...?

Edit: This comment should be below godofsmallthings's

 
smuguy97:
Generally speaking, top tier MBA programs are the "M7" schools, which include Harvard, Wharton, Stanford, Chicago, Kellogg, Columbia and Sloan (although Tuck is right up there).

Heh, I'd rather go to Tuck than Sloan or Kellogg any day of the week. I have a low opinion of the MIT alums I've met and Kellogg is simply too marketing/consulting focused. Also, Tuck has gotten much better at post-MBA PE placement or so I've heard.

 

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