Could use some advice(torn between pathways)

Figure out where you wish to apply
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Could use some advice(torn between pathways)

by Ashim88 » Sun Jun 13, 2010 10:26 pm
Hello everybody, I've been lurking these forums for a little and decided to sign up! I'm going to start by introducing myself, and then give as much background info as I can- to seek sound advice.

My name is Ashim, and I'm a 21 year old(22 in jan 3rd) college senior. I'm set to graduate this Fall 2010 from California State University: Long Beach; in Psychology, with around a 3.5 GPA.

I registered to take the GMAT on Nov. 24th, and have purchased OG verb 2nd ed., OG quant 2nd ed, the newest OG review, and the 8-pack of MGMAT books. I've got over 20 weeks to study religiously for the GMAT, and I plan on it!

Quantitative background: My mathematical background is very weak in algebra/calculus(the last algebra course I took was Algebra 2 in 2005 and scored a C, and never taken a calc course), but I've taken Elementary Statistics and Intermediate Stats, and received an A and B, respectively.

Work experience: I've had limited work experience in big companies; I was part of the Hulu.com launch team in 2007 and worked there for 5 months(often putting in 70-80 hours a week). I also worked for 20th century fox(in the digital media division) as a temp for two months before quitting(wasn't right for me, was doing white collar work for blue collar pay, $13 an hour)- which is what led me to go back to school full-time.

My future career goals are very high. At the peak of my career, I aspire to be a senior exec(CEO, CIO, VP) of a major tech company, but in the meanwhile I am willing to work at decent, lesser known tech companies that pay well. I'm a very ambitious/hard worker and will give everything I have into my career.

Here's where the problem lies. Assuming I score well on the GMAT, 650+, should I go(right after graduation) to Indiana University's Kelley Direct MBA(online)- a program that is much more affordable(54K), can completed from 2 to 5 years, and is a respected business school.

or, rack up 3 or 4 years of work experience(since the GMAT score is only valid for five years), and THEN apply to some higher ranked business schools(Stanford, UCB, UCLA)?

I feel that option A will allow me to work full-time and receive my MBA when I'm 25 or 26(allowing me to earn more money at a younger age), while option B will not only cost 30-40K more, but I won't get my MBA till I'm 28 or 29(and then there is the hassle of transitioning from full-time work to full-time work + school)- since I don't think I would want to quit my job.

I *know that work experience is critical to all business schools, but I have a feeling I can get accepted into the Kelley Direct MBA(and from my mindset, it would allow me to climb the managerial ladder much faster, than waiting). But, there are just so many variables into play- it seems hard to choose the best decision.

Also, let it be known, if accepted to Kelley School of Business, I would pursue an additional M.S. in Strategic Management for an additional 12 units. So, I'd be getting to masters degrees for 30K less than going to a UC as a fully employed student(idk if that would separate me from other MBAs)

Specific advice would be appreciated.
Last edited by Ashim88 on Mon Jun 14, 2010 10:36 am, edited 2 times in total.
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by Ashim88 » Mon Jun 14, 2010 10:10 am
31 views, no replies. How about a more general question: How important are b-school rankings in advancing careers?

When we're talking about a #7 school vs. a #14 school vs. a #23 school- what differences are we looking at(aside from competitiveness/network). I assume Fortune 500 companies take their first picks from more competitive schools, but I've also heard that work experience plays a much larger role than academic exp.

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by calrip » Mon Jun 14, 2010 11:04 am
Hey Ashim,

I'm familiar with Kelley Direct and can tell you that they will still want two years of work experience, just like the Kelley full-time program. However, they'll probably let you start in the spring two years after you graduate versus the fall.

In addition to the extra $30-$40K for those (slightly) higher-ranked schools, you're also looking at 2 years of lost income. So you'll need to weigh the benefits of the ease of interviewing on-campus and the types of companies that come to each school versus the ability to continue your career while still getting an MBA from a top-15 school at age 26.

Hope this helps!

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by Ashim88 » Mon Jun 14, 2010 4:41 pm
calrip wrote:Hey Ashim,

I'm familiar with Kelley Direct and can tell you that they will still want two years of work experience, just like the Kelley full-time program. However, they'll probably let you start in the spring two years after you graduate versus the fall.

In addition to the extra $30-$40K for those (slightly) higher-ranked schools, you're also looking at 2 years of lost income. So you'll need to weigh the benefits of the ease of interviewing on-campus and the types of companies that come to each school versus the ability to continue your career while still getting an MBA from a top-15 school at age 26.

Hope this helps!
Hi! Thanks for your reply :D. For the UC programs, I was comparing their fully employed MBAs with Kelley Directs MBA(part-time or full time). So, I won't be losing two years of income, but they are indeed 30-40K more expensive than a Kelley MBA.

I believe Kelley is ranked #23rd, and UCLA is #14th.

Another thing that came to my mind was the fact that I think I rather stay in school till I'm all done, rather than stop school for 3-4 years and re-start it(going to school + working). I rather just power through, and still have the flexibility of taking as long as 5 years(if necessary)- since that is Kelley Direct's limit of completing their online MBA.

My biggest concern, and the reason why I posted a new topic is whether going to Kelley School of Business will hinder my future career goal(as previously stated)- OR if MBA programs within the same tier are more or less the same(and I'm placing too much value on the ranks), and instead I should place more value on my future work experience.

hope I've made myself clear.

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by calrip » Tue Jun 15, 2010 4:07 pm
Hi Ashim,

Your thinking makes sense. It seems that more people go by the Business Week rankings (Kelley is #15, UCLA is #14) than the USNews (Kelley is #23). The BW rankings seem to be more holistic whereas the USNews rankings just survey faculty. But I guess that depends on who you talk to.

The other thing to consider is where you want to be. If you want to stay in LA long-term I'm sure the UCLA reputation is unsurpassed. Whether it is worth $30-$40K more is another question.

I guess the thing to consider is what you hope to accomplish with the MBA. Unless you're absolutely sure that UCLA's reputation is worth $30-40K more in accomplishing that goal, the smarter investment would seem to be the similarly-ranked, less expensive option.

Hope that helps!

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by Ashim88 » Tue Jun 15, 2010 4:14 pm
That is actually very helpful, and no, I do not want to move to LA(I used to live there, and didn't really like the area/highways). With such similar rankings through Business Week- I don't think the extra effort is worth it- even if they have a better network.

The decision is made then, I'll be applying to IU's KoB(KD program) for Spring 2011.

Thank you!

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by Ashim88 » Tue Jun 15, 2010 4:21 pm
BTW calrip, do you have a link to those businessweek ratings?

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by aveekguha » Wed Jun 16, 2010 11:37 am
I would also check a bit on Kelley's recruiting profile. Tech companies tend to recruit from California schools more often than not. Make sure that Kelley's recruiting office can put you on a career path you desire.

Best of luck,
Aveek Guha, President, www.mbadaycamp.com

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by Ashim88 » Wed Jun 16, 2010 4:16 pm
I was planning on using the MBA to advance my career, I am optimistic about entering the tech industry without being recruited. I'm just not sure if a California school is worth 30 or 40K more for a program just for a better shot at getting hired by a leading tech co.

I'm open to other industries as well(I don't want to be close-minded).

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by fleckre » Thu Jun 17, 2010 5:59 am
Ashim,

When are you looking to enroll in KD? I plan to apply for fall 2011 enrollment. I'm 25, 3 years work experience and a number of extracurriculars (highschool hockey coach, church leadership role), have not taken the GMAT yet, but got a 680 (Q42, V40) on my first GMAT Prep test after a month of studying (all quant). Have you taken the GMAT yet? Hopefully we'll be in the same class...

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by Ashim88 » Thu Jun 17, 2010 8:52 am
fleckre wrote:Ashim,

When are you looking to enroll in KD? I plan to apply for fall 2011 enrollment. I'm 25, 3 years work experience and a number of extracurriculars (highschool hockey coach, church leadership role), have not taken the GMAT yet, but got a 680 (Q42, V40) on my first GMAT Prep test after a month of studying (all quant). Have you taken the GMAT yet? Hopefully we'll be in the same class...
Looking to enter in Spring 2011, I'm taking the GMAT on November 24th(about 20 weeks away). We will likely be in the same class as I plan on completing the MBA btwn 3-4 years(you'll prob catch up within a semester or two)