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mbadecision
 
 

Some assistance please

by mbadecision Sat Jan 17, 2009 5:34 pm

Hey Alex,

You helped me a while back about deciding where to apply, and after experiencing the long and arduous process, I have finally come to the point at which I am choosing between 2 schools that accepted me. Here is my situation and I am hoping you can provide me with some advice:

I applied to 6 schools with the goal of transitioning away from public accounting and towards investment/asset management (finance). I have been accepted to Yale and NYU Stern. Although I am fairly confident that IM is the career I would like to pursue, as the financial situation gets worse and worse on wall street, I am starting to worry about what the future will look like in the investment world. While Stern has more positives than negatives vs SOM for me (its in NYC, strong finance program, better facilities, etc), I am trying to figure out how well it will prepare me from an "overall MBA" perspective if things do get worse or I have a change of heart and move in a completely different direction. I have read that Stern is great for finance and prep to work on Wall Street, but I am concerned that it may suffer from an overall business management perspective, while SOM has a unique approach to the MBA curriculum that may be stronger in preparing people for the general "business world." Is this an accurate observation?

What is your take?

Thanks in advance.
MBAApply
 
 

by MBAApply Sun Jan 18, 2009 3:45 pm

That's great news! Congratulations!

Keep in mind that recruiting/employability has little to do with the academic curricula. It has more to do with overall reputation (which usually comes from the employer's perception of the caliber of students), alumni loyalty clustering (alums will tend to hire alums), and the relationships that the administration/professors/career offices have with certain industries or companies.

Between NYU and Yale, that's a tough one. NYU has the edge in finance, but Yale also has pretty good placement in finance as well historically (Yale is known for nonprofit and finance). Since Yale is close enough to NYC that location won't be much of a disadvantage compared to NYU from a recruiting standpoint, if you're looking to work in NYC post-MBA it will come down to which school you personally feel most comfortable in. If you haven't already, visit both schools and talk to current students. Remember that a big part of the b-school experience is how well you fit in with your classmates -- not just from a purely social perspective, but you're going to have to work with them on many group projects for class, and many a time fellow classmates are great resources for job leads as well. So you want to go to the place where you feel you will make the strongest friendships. It's really a gut call.

Alex Chu
alex@mbaapply.com
www.mbaapply.com
http://mbaapply.blogspot.com