MBA questions, deposit amounts etc

  1. Can I refuse an interview without adverse impact? I dont want to do more than 4 in total during my entire process even if invited for more.

  2. 2 rounds of deposits? dont understand this, and where the re vera check fits into this? any other consideraitons with schools and different rounds that can get especially tricky?

3.
For the following schools anyone know the deposits off the top of their heads (i guess the first round of deposits)?

stanford (6k YIKES!)
wharton
mit
tepper
wash foster

4.I have been out of undergrad for 5 years. I never saw wash foster tepper esepcially and sloan at the top of recruiting for tech or other schools. now they compete with the best? is this temporary until the tech bubble bursts? or the real deal? Can these schools really compete long term?

 
Best Response

If you're not interested enough for an interview, don't waste your time applying in the first round. This is why having three rounds is useful if you get started early. You're not getting into an MBA business schools ">M7 if you blow off your interview.

Many schools do offer local alumni interviews if its difficult to get to your home campus. They're more variable in terms of results (because they're not as ingrained with the school's adcom culture) but take advantage.

Two rounds of deposits gives you a chance to back out if you change your mind at lower cost. It also is helpful if you're waitlisted at say MIT but get in to Tepper. You can put your first deposit down at Tepper to hold your spot, then wait until the second deadline to see if you get off the waitlist.

The other MBA business schools ">M7 programs (HBS, Booth, Kellogg, Columbia) are all better tech targets than Tepper and Foster. Haas is also a solid west coast option. Why Foster over UCLA?

Sloan, Booth, Kellogg, HBS, Stanford, Columbia, Haas, Wharton are all amongst the best for tech recruiting. It's easy to track the salary reports to see the numbers.

 
BreakingOutOfPWM:
If you're not interested enough for an interview, don't waste your time applying in the first round. This is why having three rounds is useful if you get started early. You're not getting into an MBA business schools ">M7 if you blow off your interview.

Many schools do offer local alumni interviews if its difficult to get to your home campus. They're more variable in terms of results (because they're not as ingrained with the school's adcom culture) but take advantage.

Two rounds of deposits gives you a chance to back out if you change your mind at lower cost. It also is helpful if you're waitlisted at say MIT but get in to Tepper. You can put your first deposit down at Tepper to hold your spot, then wait until the second deadline to see if you get off the waitlist.

The other MBA business schools ">M7 programs (HBS, Booth, Kellogg, Columbia) are all better tech targets than Tepper and Foster. Haas is also a solid west coast option. Why Foster over UCLA?

Sloan, Booth, Kellogg, HBS, Stanford, Columbia, Haas, Wharton are all amongst the best for tech recruiting. It's easy to track the salary reports to see the numbers.

by percentage of class going into tech tepper and foster beat out all those schools

also still confused what each round of deposits purpose is?

 

Yes but the opportunities are not equal. I guarantee you that at least the MBA business schools ">M7 schools (HBS/Booth/Kellogg/Columbia in addition to Wharton/Stanford/MIT) dominate Tepper and Foster in the number of higher quality opportunities available.

Also, there is some self selection. There are a lot more people at an MBA business schools ">M7 that have no interest in tech than at Foster. But you won't be competing with them. There's a reason that schools like Foster don't post exact numbers from their top employers in their salary reports. Also, their $113k average salary for tech roles compared to $125k from Booth/Kellogg is pretty significant, as it indicates that they either have a larger shift towards lower paying firms or towards lower paying roles/groups within the companies (or that negotiation power is higher for top schools).

 

Doloremque quaerat deleniti aut eos optio aut molestias. Debitis ex ex quaerat nihil provident voluptatibus odio. Vel error aut dolore placeat dolorem similique. Id natus molestiae et suscipit iusto quam. Quos aut eius doloremque vero dicta. Consequatur praesentium quia consectetur. Animi repellendus expedita veritatis dolore natus.

[quote="M7 MBA, iBanking. Top MSF grad. AntiTNA. Truth is hard to hear! But... "] [/quote] [quote="DickFuld: Yeah....most of these people give terrible advice."] [/quote]

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”