free columbia versus H/S/W

Hypothetically, would it be worth going to H/S/W or H/S at full price if you had an offer to go to Columbia tuition free? In terms of exit opportunities, how big is the difference between Columbia and H/S?

27 Comments
 

You'd have a hard time convincing me that any of the above are worth their implicit/explicit costs. That being said, H/S/W - C $100,000.

The question you have to ask yourself is whether taking two years off is worth it, because nothing is "free".

 

Follow your heart... but if you were good enough to get into all 4 then you'll probably be incredibly successful whichever path you end up taking

 

don't worry about the money graduating from one of those will get the money you need to pay it back just choose the school you like the best

I'm not concerned with the very poor -Mitt Romney
 

Depends on what you want out of B-School, no? PE opportunities are pretty limited outside of H/S/W, but if you're looking for MBB or banking, I'd probably take the money and not look back.

 

My old boss' boss had a similar dilemma. Basically, I would go H/S then free columbia then wharton but thats just me.

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 

10-20 years later, are your life and career more likely to be better because of an extra $120k in your bank account, or because of the HBS/GSB experience, degree, opportunities, and network? The answer will depend on your post-MBA plans, but I know I would choose Harvard or Stanford. Free tuition at CBS is great, but the money you'll be saving can't buy everything.

Also, don't forget that HBS and GSB can also be pretty generous with financial aid, so make sure you are making a fair comparison. The real difference in tuition out of your pocket is likely to be much less than $120k.

 
Best Response
seamlessftw

10-20 years later, are your life and career more likely to be better because of an extra $120k in your bank account, or because of the HBS/GSB experience, degree, opportunities, and network? The answer will depend on your post-MBA plans, but I know I would choose Harvard or Stanford. Free tuition at CBS is great, but the money you'll be saving can't buy everything.

Also, don't forget that HBS and GSB can also be pretty generous with financial aid, so make sure you are making a fair comparison. The real difference in tuition out of your pocket is likely to be much less than $120k.

In 20 years, at 11%, that $120K will compound into roughly $1 million.

I think $1 million can make someone's life better. Especially when the median HBS grad makes $250K twenty years later. In fairness, I'm compounding the $1 million without a reduction for inflation but not adjusting the $250K for inflation- so a better comparison might be $400K/year of income.

I'm sorry, but $1 million on $400K of income is the difference between owning your home outright and having a 30 year mortgage with an 80% balance on it. I think not having to pay a mortgage- and being able to fund your kids' education if you so choose- is a pretty big difference.

Not saying the choice is Columbia- just saying that you can't dismiss $120K (really $160K if they're helping with expenses)

 

Depends not only on post-MBA goals as others have said, but previous experience and background as well.

Frank Sinatra - "Alcohol may be man's worst enemy, but the bible says love your enemy."
 

First, please get into HSW and columbia full-scholarship before posing such a hypothetical.

Second, as many others have said, it really hinges upon your professional goals, social goals, and what you want out of an MBA. For those who just want banking or consulting coming out and care little about anything else, columbia full-scholarship would make more sense. For those who are looking for more competitive positions such as PE, HF, IM, VC, or something more "exotic" such as a startup or say working for wynn casinos, will be better off at HSW.

 

As a purely hypothetical answer, I'd take HBS over free Columbia (and probably over a Wharton full scholarship as well) in a heartbeat, but it's for weird personal reasons that'd probably be worth $150k to me.

 

Why are you so obsessed with HBS? Can you articulate on these "weird" personal reasons? Is it because you think HBS prestige will somehow trickle down on your social life and ability to score chicks?

 
mbavsmfin

Why are you so obsessed with HBS? Can you articulate on these "weird" personal reasons? Is it because you think HBS prestige will somehow trickle down on your social life and ability to score chicks?

No. To be honest, attending HBS would likely decrease my ability to get laid, as I'm a tall, good-looking white guy with a strong, existing social circle (that said, I'm currently tied down). I'm not applying to business school for that reason at all -- attending HBS might give a guy a better shot at a higher status spouse, but it sure as shit won't help him get laid.

And admitting that I would pay a premium to attend HBS over another school doesn't mean that I'm "obsessed with HBS."

(We've actually talked about my background via PMs in the past.)

 

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