I was fortunate enough to be offered admission to both CBS and Booth in Round I. Neither school offered any merit funding, but my understanding is that CBS gives out the majority of its merit packages in February. I am now struggling to decide between the two schools.
While Booth is ranked higher than CBS in the USN&WR rankings, my understanding is that both Booth and CBS fall into the same tier (bottom half of M7). Based on the employment reports, it appears that the schools both achieve the same career outcomes, so there isn't any material difference between the two schools other than fit. I understand that Booth's ranking and reputation has been surging in recent years, but CBS is part of the old guard and has a much more institutionalized reputation.
For my goals, I am considering one of three paths: I) IB with a focus on restructuring; II) distressed investing / special situations investing; III) private equity. Long term, I would like to remain in NYC / Boston or Texas. For reference, I have 2 years of experience in boutique investment banking and two years of experience in principle investing at a ~$3 Bn energy-focused PE fund.
Is it crazy to choose CBS over Booth? Given that CBS is in Manhattan and just a trainride away from the center of the financial universe, I think the opportunities to network and for in-semester internships make it the logical choice. Really just looking for a sanity check and making sure that the general finance community won't find my decision to choose CBS over Booth as idiotic.
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