MBA Decision: Stern (full-ride) or Kellogg for finance?
Hi guys, I am thrilled to be in this dilemma, and would love to hear your opinions - which one is a better option for finance role, e.g. IB? Many thanks for your valuable input.
Background:
- International student
- Pre-MBA: small PE shop, no U.S. work experience
- Post-MBA: finance role in the U.S., and maybe the best possible role would be IB?
Stern
Pros:
- Full tuition, only $75K out of pocket for two years, debt-free post-MBA
- IB focused school, according to CMC, 26.2% placement to IB
- Closest distance to those banks (probably more demanding in terms of networking?)
Cons:
- Lower ranked, less prestigious internationally
- 0.9% VC placements, I guess it would be impossible for me
Kellogg
Pros:
- M7, highly regarded internationally
- According to CMC, 3.6% PE placement, seems that it leaves one more door open, although it would be highly uncertain
- Hevanston is an ideal location to live (visited)
- Reputable party school (who could say no to that?)
- Bidding system for interviews
Cons:
- Consulting school, with 30% Consulting, 28% Tech, and only 13.7% financial services with IB 5.7% (less competitive?)
- According to the Cost of Attendance, it would be $120K ~ $150K more out of pocket
Stern if you're 100% sure about IB.
Many thanks! IB seems to be the best possible role for international student. However, it seems that MBA business schools">M7 brand could potentially leave one more door open to PE/VC? (not sure for Kellogg on this though..)
I'd urge you to do two things:
Like you, I've also been admitted to Kellogg (albeit in R1) as an international student with a finance background with the goal of eventually breaking into PE-style investing. I attended DAK, Kellogg's admit weekend, and have gone through a similar decision process. Here are some thoughts and insights:
I tend to agree with Pmc2ghy: if you're dead-set on IB, there may not be a big difference in recruiting outcomes (assuming that Stern is as strong in that field as is commonly said). That being said, there are more considerations to take into account. It is up to how you weigh them.
Hi danpo, very much insightful! Thanks!
I have already sought for reconsideration from Kellogg but am not sure how they would respond to that.
My post-MBA plan A is to seek for a finance role in the U.S., thus I guess IB would be the best possible role for international students. Plan B would be to go back to my home country and work for PE shops (also competitive).
I am aware that Stern is IB heavy, and if I want to explore other opportunities (say going back to Asia for PE), I should pick Kellogg for its MBA business schools">M7 brand.
The dilemma is if Kellogg is $150K better than Stern. Also, if one could land a spot at IB in the U.S., and I guess it would be possible to ultimately move to PE.
Kellogg probably isn't $150K better than Stern for someone looking to break into IB in most circumstances. But your international status and VC goals change the dynamic somewhat.
But can mirror/agree w/ everything in Danpo's post. I would only add that you should also try finding/talking to alumni who've pulled off your desired career path and get a sense for what a) made them successful b) how numerous their opportunities at each school were.
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