I play rugby against both people from Booth are far better. They're in the Loop (which was a major bonus for me). The two things that make the Chicago Booth MBA special are: the flexibility in designing ones own curriculum, and the Pay It Forward culture between the students in the school and also between the students and Booth alumni. For people who believe in challenging the status quo. There are plenty of reasons for Booths success. More importantly, you mentioned the financial burden would not only impact your ability to buy a home, but also your ability to travel and network with classmates. I'll try to strip out my Booth bias, but it's there. Im a W grad. Booth School of Business vs Wharton School. These foundational courses will introduce you to spreadsheet models, modeling techniques, and common applications for investment I've posted here before looking for some input and have spent the last several weeks thinking about the pros and cons of Wharton HCM (20% Scholarship) and Booth (75% Scholarship). Financial situation is such that $100k difference is nice but not a complete game-changer. As a result, Wharton attracts a stronger student class. With regards to culture, you'll find aspects you don't like at either school. For reference, Non-URM, 3.6 GPA, 780 GMAT, US T15 undergrad. Also, as I understand it, Booth students all spend ALOT of time in and around Chicago, as they mostly live downtown. Based on what I've heard about the two schools (Booth = nerdy, Wharton = fratty), I might have have an easier time making friends at Booth. Work in STEM. I can't speak to Wharton PE but PE/VC lab helped a bunch of non-IB/PE friends break-in. Wharton's class size is huge. Transitioning from the military to MBA is a fairly popular path to follow. You will not be happy and you will likely give off a superiority complex. Statistically, Booth probably loses 4:1 vs. Wharton when $$ is equal. Both programs require applicants to submit results of a Graduate Management Test (GMAT) or a Graduate Record Examination (GRE), however the EMBA program also accepts results of the Executive Assessment (EA) for applicants with at least 10 years of full-time work experience. This person was an adcom member and 2nd-year student which touched on a Everyones saying $80k is nothing. I can speak to Booth pretty well from my experiences there. That said, Booth *might* have an edge in terms of regional PE recruiting. ooooooof, what a terrible fucking attitude. Forbes published its 11th biennial rankings of the best American business schools, and ranked Chicago Booth at #1, Stanford at #2 and Kellogg at #3. I've had the chance to attend many Wharton events in NYC and I've met some truly great people. Finally, on a professional note, I also wonder if the fellowship will help me stand out when trying to recruit for MBB/FAANG/etc. Consider which school you would want to be associated with 10-20 years from now. While Booth is obviously also going to be recruiting nationwide, I think it is worth considering that the largest number of spots recruiting there will most likely be for Chicago and Midwest located positions - just another thing to keep in mind. 9 vs 15; 4 higher position in U.S. News World's Best Universities ranking Press J to jump to the feed. On the other hand, Wharton is a big and diverse program, so it's hard to believe that I won't be able to find my tribe, so to speak. And for what its worth, that assumption is garbage. Kellogg vs Ross MBA Booth vs Wharton MBA MIT Sloan vs Tuck MBA IMD vs. INSEAD MBA IIMA vs. ISB . You can also ask if booth will go to full scholarship as you want to pick Booth but have to give up Wharton with some scholarship money. When youre there, really try to chat up both existing and future students and get their take. Comparing to the 2017 rankings, Wharton declined from #1 to #5, Stanford remained 2nd, Harvard and Kellogg switced places, While Booth rose from #7 to 1st place. 3.6 GPA. If you have missed the first part of the series, Read Booth vs Wharton MBA: Location, Ranking, Duration, Cost, Class Profile and Curriculum. Our community is shaped by our students, making it a dynamic learning environment. This doesnt account for location, which might minimize the income differences even more once accounted for (e.g. Yep, another poster comparing Wharton with Kellogg and Sloan made this exact same comment. With unemployment near a 50-year low in a still-strong economy, starting pay for MBAs in consulting and finance set new record highs at the University of Chicagos Booth School of Business.In a preliminary employment report on this years MBA graduates, the median salary for a consulting hire jumped $10,000 to $160,000 to start, while sign-on bonuses rose $5,000 to $30,000. Known simply as Wharton, this Ivy League business school is part of the University of Pennsylvania, a private university founded by Benjamin Franklin. Principles in accounting, finance, and marketing are basically the same at both Wharton and Booth. 770 GMAT. While Booth was always a bit of an outlier in this decision, it was oh, so attractive and came with many things to like. Booth is definitely not a commuter culture. In general, my brain says Booth, but I can't get over the feeling that I'm turning down a once-in-a-lifetime type opportunity at Wharton and that the extra $80K in debt is a small price to pay. 36% vs 12%; 6 higher position in ARWU universities ranking? Chicago Booth is a place for risk-takers. Whartons MBA Program for Executives and its full-time MBA program are both two-year residential programs. If there's a higher overall average (I haven't looked), it's a function of career mix/placement. Learn about MBA programs, applying to them, and what life is like while in one and afterwards. Students seem more involved, and the competitiveness and On class weekends, all executive students stay on site where, in addition Both programs consistently rank in the top 7. When are you going to have the chance to live in Philly again? What a dumb comment, and I don't even have a horse in this race. $80k is nothing compared to what the post-mba starting salary has become. I'm planning on visiting both schools again before making a final decision, but your thoughts are very much appreciated! A very good friend of mine who also was admitted to Booth and Wharton chose the latter due to Wharton's reputation and ties to the east coast. But it is HBS that has unmatched academic rigor in its classrooms. Stanford does Silicon Valley. There are probably a number of people who turned down Wharton for Booth like c'mon. Is it really worth 3x more? I find it funny when people in this sub get offended that OP pisses on Booth compared to Wharton when those same people likely piss on any school that isn't M7 or T10 and dont think twice. Go to Booth for the money. Insead leads the pack of the worlds 100 top B-schools, followed by the Stanford Graduate School of Business, University of Pennsylvanias Wharton, and the Harvard Business School. I think you will find people you get along with at every school- I would definitely reserve final judgement until after youve gone to admit weekends. https://www.mbacrystalball.com/blog/2017/12/11/wharton-mba-facts-statistics I'm not necessarily convinced as all of my PE buds landed all over, from Boston to LA to Kansas City. If you arent a fan of the city (which I am confused about because it doesnt seem that different than Philly, but hey, you do you), it could make your 2 years there tough. You'd be insane to pay 100k and go to a peer school that you think is a worse fit. Reflecting on my 15 years of experience helping clients get into Wharton, I recently shared my take on the seven characteristics Wharton is looking for in MBA applicants with Business Insider. Basically, I am incredibly drawn to the Wharton name but have some misgivings about how I will fit in with my classmates. Global awareness is key. I was fortunate enough to gain admission to both Booth and Wharton this cycle, and now I'm stuck. Did you have any non-IB/PE friends from a non-finance background break into that industry with help from the PE/VC lab? I think the real estate adage, "location, location, location" is fitting for your situation. Wharton Doctoral Program offers 9 academic programs for PhD degrees and research careers in business, economics, finance, marketing, public policy, more. Reading Time: < 1 minute How Will Go with it. Now, it used to be tech was solely for propeller heads, and Wharton was the go to space for Neanderthal men (and women) trading bonds like M&Ms, but today, not so much. 1. HBS and Wharton have larger classroom strengths (about 950 and 850, respectively) compared with GSB (about 400). If you honestly believe that you will have lower quality peers at Booth, do not go there. April 29, 2021. Please make sure to read our rules and wiki before posting. While Im sure the bro-culture is strong at Penn, I think you are letting reputations get in the way of making the best choice. If you really want to know what its like to be an MBA student at Wharton, heres the easiest way to find outwithout having to track down actual Wharton students or alums and talk to them about the experience. The University of Chicago Booth School of Business (Chicago Booth or Booth) is the graduate business school of the University of Chicago.Founded in 1898, Chicago Booth is the second-oldest business school in the U.S. and is associated with 9 Nobel laureates in the Economic Sciences, more than any other business school in the world. Wharton School at the University of Pennsylvania . Candidates must show they are able to adapt, accept, and understand in a diverse environment. Whartons acceptance rate is 19.2 percent, compared with Booths 20.8 percent. We're firmly not interested in living in the NE long-term. Indiana Kelley MBA Interview Questions & Report: Round 3 / Adcom & Student. For the class of 2019, Wharton had an acceptance rate of 19.2 per cent with nearly 32 per cent being international students from 65 countries. I cringed when I got to this point. Proximity to family and scholarship alone makes it an easy decision. The Wharton brand holds more cache globally. When looking at the data comparing military applicants to traditional MBA applicants, a few trends become clear: Military / Veteran applicants tend to be a year or two older. Breaking into PE from either is a bit of crap shoot. Wharton's Business and Financial Modeling Specialization is designed to help you make informed business and financial decisions. Why is Booth School of Business better than Wharton School? Your post- MBA location choice is the reason why I would choose Booth. D. If they don't match, well shit, you're stuck right back here. Go Booth! Gotta go Booth. Undervaluing it my a mile and will probably realize that when he gets to Whartons campus and realizes its not gods gift to earth and the brand equity wont get him a PE job at the snap of his fingers. Wharton vs. Booth vs. Sloan. As a result, they are much stricter about pre-qualifications and granting interviews to those without finance experience. Whartons full-time MBA and EMBA programs share the same high standards for admission. Statistically, Booth probably loses 4:1 vs. Wharton when $$ is equal. If you even like half of the kids then that's already more than Booth's student body. I would take the dollars as I dont see the difference as vast as some others. Some of the most important relationships are created on these trips. As good as the M7 schools consistently are, they seem to get better every year. Second reason money. My comment is just from the perspective of achieving your career goals, obviously your partner's comfort and happiness should weigh on this decision as well. If there's a higher overall average (I haven't looked), it's a function of career mix/placement. You wont regret it. Wow, this advice is all split down the middle, I just wanna say good luck in your decision! #Wharton #MITSloan #Columbia #ChicagoBoothChat with current students of Wharton, MIT, CBS, & Booth to know what it takes to get into these elite MBA programs. They offer a comparable education. With the exception of H/S imo). Harvard vs. Stanford MBA + MBA in France (2018) Top Industries in France Top MBA Programs in France Location Ranking Class Profile Cost Curriculum Post-MBA Salary. Press question mark to learn the rest of the keyboard shortcuts. I'll be attending school with a partner, and ideally, following school, we'd like to buy a home and settle down within driving distance of our family in West Michigan. An offer from Wharton appears to be more compelling to admits, with a yield of 67.2 percent whereas Chicagos is 60 percent. Pick Philly over Chicago if that's closer to where you want to be, New comments cannot be posted and votes cannot be cast. There are more PE case competitions and connection points at Wharton, probably than anywhere else and there are absolutely funds that only recruit at Penn or just HSW, and as a career changer, every boost to your chances makes a difference. PE/VC funds are so small (especially MM funds, where your check size is smaller) that they don't have resources to train, so they look for people who are able to hit the ground running building a model and IC memos. Might want to temper expectations on geographic flexibility or another constraint. BREAKING DOWN THE DATA. Wharton does Wall Street. Booth seems like a no brainer. You understand that consulting -> HC VC/PE is an hard sell right? Unless you have seven figures chilling in an investment fund, you'd be a fool to go to Wharton. Wharton won't have a higher starting salary for a given job. I went to UChicago for undergrad and will be attending Wharton this fall. Wharton School. I'll be at Welcome Weekend too. At Wharton, the stats were 36.9 percent financial services, trailed by 25 percent consulting. If you feel that way, go to Wharton. 6) Experiential Learning Learning by doing is an approach that some of the top Business Schools have adopted. Also Booth will absolutely get you to the East Coast and abroad as well. Wharton MBA Class of 2022. 1 title with Harvard, while Wharton fell into third place, exactly where Booth was a year ago. Feel free to PM me if you want to talk more. For reference: 28/F. Article by Cindy Tokumitsu / MBA Admissions / Chicago Booth, Columbia Business School, Harvard Business School, MIT Sloan, Northwestern Kellogg, researching mba programs, Stanford GSB, Wharton. Wharton does not offer its MBA program in a one-year, evening, or online format. Nearly everyone from Wharton heads to NYC or other east coast cities. Wharton from a PE perspective has better placements than either Booth or Columbia for sure, but also a much larger number of pre-MBA PE candidates coming in. The way people on this sub perceive the world is so unbelievably misinformed and mutilated sometimes Booth student here. Also, this sounds very asshole-ish, but 80k is not very much in the scheme of things when you are going into your targeted areas (or if you fall back into MBB with that 780). Differences in Requirements. C. If it's Wharton, tell them the money is weighing on you. Analytics consultant here and would love to know if that door would be open to me if admitted to booth. You'll be living in the heart of Chicago if you go to Booth and a good chunk of your new network will stay there after school. Just figure out how to work into every conversation for the rest of your career that you were accepted at Wharton, then take the money and go to Booth. Median salaries are up at each of the seven schools, led by Stanfords $142,000; while job offers at three months are up at five of the seven schools, led by Whartons 98.4%, and only down marginally at MIT Sloan (97.0% from 97.1%) and Chicago Booth (96.3% from 97.1%). A little over 4% of MBA applications come from military veterans. It is VERY residential, even though those residences don't happen to be on campus. Can't hurt to ask. Wharton is a great business school across many areas. Thoughts below. We'd love to have you. The difference between the programs is perception. Booth offers its graduates a network of approximately 47,000 alumni in 116 countries [7]. That said, it sounds pretty worth it to go to both admit weekends and really scope them out yourself. Press J to jump to the feed. Breaking into MM PE in a particular industry and a particular location is a bit of a unicorn. B. I was fortunate enough to gain admission to both Booth and Wharton this cycle, and now I'm stuck. And finally, at Johnson, 32 percent of Class of 2018 grads headed into jobs in financial services, as compared Wharton is more selective than Booth, despite having a much larger applicant pool (6,692 vs. 4,674 this year) and class size (863 vs. 562). While both schools obviously place into the industry, I feel that the Wharton name is a difference maker and will make your life much easier when you are grinding through the non-on-campus-recruiting slog. 24% more international full-time students? Our outstanding team of MBA admissions consultants features former business school admissions directors and professional writers who have guided our clients to admission at top MBA, EMBA, and other graduate business programs worldwide including Harvard, Stanford, Wharton, Booth, (No hate specifically on Wharton here, just saying that its splitting hairs among top schools choosing which is the juicier one. Learn about MBA programs, applying to them, and what life is like while in one and afterwards. New comments cannot be posted and votes cannot be cast. This sub likely ingrained the the belief by OP that Wharton is the likely answer because of the whole HSW mantra that clearly exists here. Take a second to get to know them and if you want to know more, take a virtual tour or put faces to these numbers on our Wharton MBA Stories page. For people who not only dream big but want to do big things. Academics are what you make of them with Booth, especially with GND. ); I also have a strong social justice bent, despite my professional path. This year Booth replaced Wharton to share the No. Scores for Chicago Booth offers an MBA degree in four formats, designed to meet your professional needs and goals: the Full-Time MBA, Evening MBA, Weekend MBA, and the global Executive MBA Program. That levels up some when $$ is unbalanced, but I don't have exact stats. A. At Chicago Booth, it was 31.6 percent financial services, followed by 31 percent consulting. I'm definitely more of a quant jock than a frat bro (broette? See if they'll match. GTFO with 'lower quality of peers.' Although its strength as a finance program receives a lot of attention because of its excellent placement in that industry, Wharton is equally powerful in areas like entrepreneurship and technology, which are powered by huge investments Wharton has made in these areas. Also, it is not only an option to ask Wharton to match. But youre effectively being asked to pay $40k vs 120k. Come onyou've got to go to Booth. Wherever they end up, if they act like theyre better than their peers theyre gonna have a bad time. For your recruiting goals, your'e absolutely going to get equal shots at both schools. Please make sure to read our rules and wiki before posting. Press question mark to learn the rest of the keyboard shortcuts. It seems to me that you are looking for a reason to choose Wharton, despite the price tag. That levels up some when $$ is unbalanced, but I Would you really be okay feeling left out as your classmates return from their travels together? I had a really hard time declining that offer on the 2/19 deadline. Wharton won't have a higher starting salary for a given job. Figure out where your heart/brain are at. Boom, problem solved. Below is a snapshot of the 2022 Wharton MBA Class Profile. If it's Booth, come on down. I've a background in healthcare consulting and will be attempting to break into a MM HC-focused private equity firm. Booth School of Business. For 25 years, Accepted has helped business school applicants gain acceptance to top programs. If they match, then go. This seems like a pretty easy choice - tons of cross admits that choose either one over the other by name / culture alone without considering $100k post-tax dollars. Would agree with the above. I really dont think the Wharton name band provides much,if any,advantage compared to the Booth brand name .Plus graduating debt free is a major pro and your partner is also more comfortable.Imho,you are really undervaluing booth in this post. Yea sure you can go to Booth with the scholarship money, but then all the Wharton people will look down on you for the rest of time. Hbs/gsb and I would not go to booth. 80% of students live within a 6 (8?) From a recruiting standpoint, you would be fine from either school (although, anecdotally, I know many many more people working in MBB from Wharton in NYC than Booth). Meet Anthony, who served as the Associate Director of MBA Admissions at the Wharton School at the University of Pennsylvania, where he dedicated over 10 years of expertise. do Booth/Kellogg grads make less because majority of them are located in midwest, vs the HSW people who are mostly located in SV, Boston or NYC) Financial situation is such that $100k difference is nice but not a complete game-changer, I will probably try to recruit for consulting but will obviously come up with a back-up plan as well, Potentially better recruiting outcomes for me, Better name recognition on the East Coast/abroad (where I'm from/plan to live), More competitive atmosphere during recruiting, No money (I've already asked them to reconsider, but they shot me down), Wealthier student body --> more pressure to keep up with the Joneses. + Close proximity to high concentration of PE shops -> more local internship opportunities, + Breaking to PE via school year internships easier due to number of shops, + Partner is more comfortable here due to existing family/friends and proximity to family, - Academics may be distractingly challenging, - Chicago is a bit bigger than our ideal city, + Stronger brand name (H/S/W effect), Stronger Network, + More social, neighborhood based culture, + General feeling of "Once-in-a-lifetime", - $80+K in debt may push home-buying out and would make the experience feel more financially constraining (Hoping to cash-flow all non-tuition expenses via Partner working), - Wouldn't be able to travel with classmates due to financial cost, - Seems to be a strong NY/SF gravity effect, - Would have to figure out how to get back to the mid-west area (Wisconsin -> Tennessee). Obviously you're choosing between two of the best schools out there so try not to get too stressed out! block radius. The final member of the elite group of M7 business schools is the Wharton School at the University of Pennsylvania.
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