Crazy to commute? Stern v Booth

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Crazy to commute? Stern v Booth

by NeverContango » Mon Jan 16, 2012 12:51 pm
Hey all. In a slightly confused spot, and would appreciate your advice.

I've got a job offer that will pay for a part-time MBA while I work. As I'm just graduating from a two-year master's program (focused mostly on microecon and stats, with most of my second year at the PhD level), I don't want to take more time fully off. I have two years of WE, a couple of internships totaling an extra year or so, and 3.9 in a softie major for UG. (Both UG and masters at ivies).

Let's say I've gotten into Booth and Stern for their part time MBA programs, but I'll be working in the greater NYC area. I'm considering a Friday-night commute over to Chicago. Is this nuts? It comes out to about $40,000 extra over the life of the program ($350/flight+hotel, 11 times / quarter, 10 quarters), and also transit time (2.5 hours / flight). The cost of the MBA itself would be $0, per my benevolent employers. But I want to stay in the NYC area, and would be a bit stretched with these flights every week.

I'm particularly interested in analytic management tools and applied statistics. I love this stuff and am pretty good at it -- although I'll probably never be a super math quant type. My sense is that NYU is sub-par compared to UChicago in these areas -- although NYU does offer some pretty cool classes in the Business Analytics and Quant Finance majors (the latter being a bit out of scope for me, but intellectually interesting).

I'm also concerned about being taken seriously in terms of my business credentials, as my background is mostly government-related.

My career goals: probably want to get into consulting eventually, on issues like supply chain management, risk management, and operations. Eventually, I'd love to run my own company manufacturing things.

My job is in management in the industrial supply industry, and pays ~130k. I'm also about that much in debt. Yay master's degree!

Theoretically, I could also wait a few years and apply full time somewhere, but I really don't want that much more debt, nor do I really want to be edging past 30 and still in school.

Thanks for your advice.
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by zander21 » Sun Jan 22, 2012 10:00 am
between the two, Chicago is stronger for what you've described as your interests, talents and goals. The $40,000 is worth it. Chicago has some of the best teachers in the world and is very quant, econ based. You are lucky your employer will pay for the schooling.

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by Jon@Admissionado » Mon Jan 23, 2012 10:03 am
Chicago does seem the stronger. It still IS a bit crazy though.
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by transfer9858 » Mon Jan 30, 2012 7:39 pm
The program is 2-3 years correct? And to fly almost every weekend... think about that. I know now it may seem simple to attend booth because it may be higher ranked and more in tuned to your profile, but o man... . Thats a ton of flying and tiring weekends. I would think thats extremely emotionally draining, at least for me. If your crazy about booth and its been your dream school forever then I would think about it. However, if its not.. I would highly advise against it. Also if you don't mind flying and its not a big deal that may be something to take into consideration. Apply to both, get into both and then decide. No point in thinking hypothetically. Good luck with your applications!

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by tommycanuck » Sat Feb 11, 2012 1:11 pm
Booth is more highly regarded than Stern, yes.

However, this seems like an incredibly high + risky cost. That commute is nuts...traveling almost every weekend for the next 2-3 years? I can't imagine not having ANY weekend for 2 or 3 years...Life has a strange way of throwing curve balls at you when you least expect it (sicknesses, deaths, family problems, personal errands, etc.) and, in my experience, the weekend has often been the only time to deal with them. Not to mention that you will have no time for any personal life, extracurriculars or rest; networking is a big part of the MBA experience (presumably that applies to part-time programs too) and all that traveling time AND living in a different city from the school is going to take a serious toll on it.