Wharton (no $) versus Tepper (full $)

Figure out where you wish to apply
This topic has expert replies
User avatar
Newbie | Next Rank: 10 Posts
Posts: 3
Joined: Sun Feb 05, 2012 7:56 pm
Followed by:2 members

Wharton (no $) versus Tepper (full $)

by kjfrench » Thu Jul 12, 2012 8:12 pm
I know the topic of Wharton versus Tepper may seem ludicrous to many on this forum, however I'm in the midst of a true dilemma.

I just now, as I'm about to start pre-term at Tepper, received admission to Wharton. I already moved into my Pittsburgh apartment and gotten acquainted with the surroundings, which I love.

Carnegie Mellon is a great school and Tepper is a wonderful program. I love the people and think that I would do very well upon graduation. The $110,000 scholarship they offered is very important for me financially.

One aspect of Tepper that I struggle with is that there is nothing for Real Estate and there is a strong focus on job search all the time, to the point that recruiters arrive on campus during the first week of classes.

Prestige is very important for me; however, I have come to appreciate the humility and modesty of the Carnegie Mellon community. I have literally fallen in love with the school, faculty and fellow students.

My goal is to do mission-driven private equity or sustainable real estate investing. My job search goal upon graduation is bulge bracket investment banking, perhaps in Hong Kong and ideally at Goldman Sachs or Morgan Stanley.

For me it is key that my MBA give me a strong brand association for the rest of my life. With the new dean, new curriculum and soon new building, Tepper is rapidly rising. Wharton seems to be stalling or even lagging, however I realize that Tepper is unlikely to ever catch up.

So... I would have to disappoint a whole bunch of people, break my lease, get into massive debt, move to Philly, find a place, and get acquainted with a new school (I don't really understand the culture at Wharton either).

Anybody have useful advice? Please keep your posts respectful and relevant.
Source: — Research MBA Programs |

Master | Next Rank: 500 Posts
Posts: 202
Joined: Mon May 21, 2012 7:32 am
Thanked: 40 times
Followed by:4 members

by NextGreatLeader » Fri Jul 13, 2012 4:24 am
Wow, when I first read the title of your post the answer seemed obvious, but after reading your rationale and logic, it really is a difficult decision.

Wharton has a great brand name that will be easily recognizable overseas. I'm not as sure about Tepper. You should talk to the placement office to get a better idea of international placement rates and placement in your areas of interest.

Good luck with your decision and congrats on your acceptance to two great schools!

GMAT/MBA Expert

User avatar
Elite Legendary Member
Posts: 3135
Joined: Fri Apr 01, 2011 8:55 am
Location: Everywhere
Thanked: 589 times
Followed by:332 members

by Jon@Admissionado » Fri Jul 13, 2012 4:39 am
Well, it's a hard choice. But given your email and the facts of your life, it looks like you have already made your decision. And from what I read, it seems like the right one for you. Yes, Wharton has an obvious prestige advantage, but it doesn't work so simple as going to Wharton = more success than going to Tepper. There are plenty of CEOs and other big business folk who didn't go to Harvard. do you think Tim Cook is upset that he went to Duke? Do you think he wanted to go to Harvard? hmmmmmm.

:)
So, at this point, I would say: Enjoy the decision you have already made. And make the best out of what you have. Not having that HUGE 110000 debt hanging over your head will keep you nice and free too.
"Hands down the best MBA admissions consulting firm of all-time, and boy, what an incredible founder!" -- Raj Patil, Founder of Admissionado

Something for everyone:
https://admissionado.lpages.co/admissio ... nter-2018/
https://admissionado.lpages.co/50-essay ... ked-vol-4/
https://admissionado.lpages.co/case-studies-lp/
https://admissionado.com/mba/reviews/
https://www.glassdoor.com/Reviews/Admis ... 700945.htm

Reach out, and let's gab. Our only requirement is that you don't prefer warm milk over cold milk. Everyone else, 100% welcome.
Email: [email protected]
Phone: 866-409-4753
Hit us up on WhatsApp.
Ping our satellite: 0884#&@-2#101101
Contact us via web form you lazy git: https://admissionado.com/contact/
Mostly, email Claudia.

User avatar
Newbie | Next Rank: 10 Posts
Posts: 3
Joined: Sun Feb 05, 2012 7:56 pm
Followed by:2 members

by kjfrench » Fri Jul 13, 2012 1:57 pm
Thanks for the replies.

Right now I'm leaning towards Wharton for the following reasons:

1) Being at the top of the Tepper pile is fantastic, however I think that being an average student at Wharton will still get me where I am going faster--wherever that is. Besides, I asked and got a small Wharton Fellowship ($10,000/year).

2) Job stats indicate that I likely will make an extra $20-25K a year out of Wharton, meaning a 5-10 year payback on the cost difference. I think I can deal with that. The way I see it, as an entrepreneur I should be willing to handle $130,000 in risk, especially if the investment is myself.

3) The prestige factor and network are really big for me. Beyond that, I feel like Tepper is best for people with specialized degrees who wish to bring what they are doing to the next level, mostly in technology and IT. As a Marketing undergrad, I've been looking for a way to distinguish myself. Basically, I want a good reason beyond sweat and cash to deserve equity in a project I'm apart of.

4) After accepting the offer from Carnegie Mellon, I readjusted my career expectations as far as PE and international finance are concerned--at least in the short to mid-term. Wharton offers me endless possibilities; I don't expect to land a PE job upon graduation, however Goldman Sachs IB in Hong Kong seems well within reach. The brand, network and lifelong learning will carry me far and for a long time.

5) While the community, faculty and students at Tepper are truly amazing, I think I can leverage the abundant resources at Wharton to transform myself much further into the person I aspire to become. The fact that Wharton is world-class in Real Estate and Finance really appeals to me, and the breadth and depth of the network gives me much more flexibility to pursue any path I ultimately choose.

6) I realize that I have over-amplified the transaction costs (break lease, second move, new acquaintance) and I'm sure that I can figure things out and make ends meet somehow.

7) I am truly grateful that I have this decision to make. Both a full scholarship at Tepper and a seat at Wharton are exceptional opportunities and I will make the most out of what I have been blessed with. In the end, I realize that my success is entirely up to my own efforts, initiative, perseverance and curiosity. That said, I feel that exhibiting those traits fully at Wharton will yield better results for me, given my background and aspirations, than at Tepper.

Now I need to run the numbers and think this through. It took me a couple of months to properly get my ducks in a row in Pittsburgh and I realize that I've grown complacent in the process. This last minute decision, accompanied with significant risk, forces me to push myself further and take an uncompromising approach towards my dreams.

Once again, thank you guys for sharing this valuable advice with me. I'll be checking back for further comments and I'll be sure to let you know what I ultimately decide.

User avatar
Newbie | Next Rank: 10 Posts
Posts: 3
Joined: Sun Feb 05, 2012 7:56 pm
Followed by:2 members

by kjfrench » Sun Jul 15, 2012 12:54 pm
I choose to go with Wharton.

Thank you guys for all the valuable advice, I'm very impressed with the quality of the input.

This was a difficult choice to make. At 25 years of age, I don't see any reason why I should compromise in my dreams. Even if the financial break even point for this decision is far into the future, I know that on this path there will be no regrets as to what could have been.

GMAT/MBA Expert

User avatar
Elite Legendary Member
Posts: 3135
Joined: Fri Apr 01, 2011 8:55 am
Location: Everywhere
Thanked: 589 times
Followed by:332 members

by Jon@Admissionado » Mon Jul 16, 2012 1:02 am
Hah! Go Wharton!
Either way you had a bit of work, and anyhow you had a very tough choice that I think maaaany folks on this site would be envious of. :)

Anyhow, good luck at Wharton! You will have a blast, I'm sure.
"Hands down the best MBA admissions consulting firm of all-time, and boy, what an incredible founder!" -- Raj Patil, Founder of Admissionado

Something for everyone:
https://admissionado.lpages.co/admissio ... nter-2018/
https://admissionado.lpages.co/50-essay ... ked-vol-4/
https://admissionado.lpages.co/case-studies-lp/
https://admissionado.com/mba/reviews/
https://www.glassdoor.com/Reviews/Admis ... 700945.htm

Reach out, and let's gab. Our only requirement is that you don't prefer warm milk over cold milk. Everyone else, 100% welcome.
Email: [email protected]
Phone: 866-409-4753
Hit us up on WhatsApp.
Ping our satellite: 0884#&@-2#101101
Contact us via web form you lazy git: https://admissionado.com/contact/
Mostly, email Claudia.

Master | Next Rank: 500 Posts
Posts: 202
Joined: Mon May 21, 2012 7:32 am
Thanked: 40 times
Followed by:4 members

by NextGreatLeader » Mon Jul 16, 2012 11:26 am
Wow, I was so curious about what you would decide. You couldn't go wrong either way, but congrats, Wharton is an amazing school!

User avatar
Senior | Next Rank: 100 Posts
Posts: 60
Joined: Tue Apr 05, 2011 1:46 am
Thanked: 6 times

by westsidah408 » Mon Jul 16, 2012 7:48 pm
Wow, while Wharton is a "better" [very subjective term] school than Tepper, I'm not sure I would be able to turn down $110k of scholarship money. It seemed like you really liked Tepper and Pittsburgh and this must have been a ridiculously difficult decision. Good luck at Wharton and do keep us updated to your progress.

User avatar
Legendary Member
Posts: 2109
Joined: Sun Apr 19, 2009 10:25 pm
Location: New Jersey
Thanked: 109 times
Followed by:79 members
GMAT Score:640

by money9111 » Tue Jul 24, 2012 9:43 pm
the $ factor in the long-term is irrelevant. 30 years down the road you won't be worry about that money so I'm glad you overlooked that. Sure it's nothing to ignore, but in the grand scheme of things it's not that much. Both great schools, one obviously more well-known than the other. Both produce successful graduates. In your first post I could tell that there was "something" drawing you to Wharton. That "something" is very powerful and is often overlooked by candidates. I was a little weary when you said that you didn't fully understand the culture at Wharton, but you'll figure that out at some point. At the very least... the admissions committee would not have admitted you had they not have believed that you were a fit in some way. Hopefully you find it to be that!

I think you'll come to realize how important of a decision that was when you do your summer internship. I'll check back with you in a year to ask you a question to see if I am correct.

#GreatChoice and Congratulations!
My goal is to make MBA applicants take onus over their process.

My story from Pre-MBA to Cornell MBA - New Post in Pre-MBA blog

Me featured on Poets & Quants

Free Book for MBA Applicants