Undecided - 01-10-2022 | Clear Admit DecisionWire

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January 10, 2022 5:08am ET

Enrolled: Undecided

Admitted: U. Chicago Booth $ , Cornell / Johnson $ , NYU Stern , Yale SOM $

Applied: U. Chicago Booth, Cornell / Johnson, NYU Stern, UPenn / Wharton, Yale SOM

Entering Year: 2022

Post MBA Career: Investment Banking Companies: Bank of America, Barclays, Citibank, Credit Suisse, Goldman Sachs, JP Morgan, Morgan Stanley, JP Morgan Chase

GRE: 330

GPA: 3.4

Location: West Africa

Notes:

I am currently a commercial banker looking to pivot into Investment Banking immediately Post-MBA. I plan to pursue Private Equity in the long term. I don't have a preference for location (big city or small town). I intend to stay in the US for the foreseeable future. I am still in the process of negotiating for more funding from all schools though.

Like (4)

Show Comments (9) Last: January 20, 2022

legolas-greenleaf Likes Earned: 143 OP here : Booth = $50K, Cornell = $80K, Yale = $75K (1)

anon10646 Likes Earned: 783 For me it'd be Booth, assuming the funding $ of each don't change dramatically. Cornell and Yale may have good IB stats , but Booth as a program is a tier above and their IB recruiting should be better. I don't know Yale SOM as much as I didn't apply there (purely anecdotal, but won't where they place at banks because I maybe saw only a handful of Yale backgrounds in my virtual events, but tons of Cornell Johnson). Cornell has a great structured program, but as I understand it's mostly driven by the 2Ys in the club. If the funding gap with Cornell was higher, you could maybe consider, but 25-30K is not worth passing up Booth. Booth had a higher median 175k vs. Johnson $150, but that may just be when data was collected as the street pay raised, however, while pay/offer% may end up being the same the path to IB should be easier via Booth as historically it's been a well trodden path for IB, so you have a strong Booth network. At the few in-person IB events I was able to attend in the fall in Chicago, it was always 50%+ Booth. PE directly out of MBA is not easy and I'm sure it's mainly those who were IB analysts or similar, but Booth has a much bigger % to PE/VC directly, while Johnson seems to have none. So, you even if you don't place directly and go IB first, you might be able to build some connections and internships via the labs. Lastly personal preference, but I'd choose Chicago over Ithaca. Remains to see how the fall & 2023 goes, but it's easier to walk from your loop apartment to things than bus 3 hours to NYC from Ithaca. (3)

zs24 Likes Earned: 140 I think it's a no-brainer to reach out to Stern to negotiate scholarship. If IB is the goal it always helps to be in NYC, and with scholarship offers from Booth, Johnson, and SOM - it's a reasonable discussion. (2)

cherisebrookes Likes Earned: 21 Seems like Booth is a no-brainer. Plus who really wants to bus 3+ hours even if it's a smaller scholarship I would go with Booth. (2)

hswy2020 Likes Earned: 53 You cannot go wrong with your any of your options. However, you really have to focus on your fit for these programs, i.e. strong community vibe, strong alumni network, cohort vs no cohort, city living vs town living. (2)

legolas-greenleaf Likes Earned: 143 OP here: **Re: @ZS24, I tried negotiating at NYU but was unsuccessful, so I declined the offer.** **Re: @stushgurl, Thank you so much.** **Re: @hswy2020, Thank you. I have noted your advice.** **Re: @anon10646. I appreciate the detailed analysis.** (3)

eliot Verified User. Likes Earned: 1888 Congrats on your acceptances and scholarship offers. I agree with anon10646. While all four are great options, a lot of applicants in your situation would select Booth with a $50k scholarship given its strong education, brand and network in finance. Of course, personal fit is important as well so I do encourage you to complete your Booth due diligence by chatting with current students and attending admit events. Best of luck. (2)

legolas-greenleaf Likes Earned: 143 Thank you @Eliot. I appreciate the insight and guidance. (2)

alexbr4 Verified User. Likes Earned: 1674 More details on this decision in this episode of Wire Taps: https://www.clearadmit.com/2022/01/episode-209-wire-taps/ (1)