FWIW, my CIO graduated from Northern Illinois University in CS and he attended HBS for his MBA. If you do not have anything to contribute, please STFU. |
Maybe budget a maximum of $8,000 for GMAT prep (individual tutoring) and a similar amount (up to $10,000) for hiring a consultant (although consultants will accept more and some do pay $15,000). Nevertheless, it is important to understand that a perfect GMAT score and an impressive undergraduate GPA along with stellar work experience will not assure one of admission to Harvard Business School or to Stanford's Graduate School of Business. Most consider the top 3 MBA programs to be Harvard, Stanford, and Wharton (U Penn). Close behind them are Chicago-Booth and Northwestern-Kellogg along with MIT-Sloan. Important question: Why does your son want to earn an MBA ? Must express a convincing reason in his application essay. Since his standard is "good school", here is a list of good MBA programs to consider: Harvard Stanford GSB U Penn-Wharton Chicago-Booth Northwestern-Kellogg MIT-Sloan Columbia (strong in finance) NYU-Stern (especially strong for finance) Next group: UCal-Berkeley Dartmouth-Tuck Virginia-Darden Michigan-Ross Yale-SOM Duke-Fuqua Carnegie Mellon University (CMU-Tepper for Information Systems) The total cost of a full-time 2 year MBA program exceeds $200,000 at the top 10 MBA programs. Many programs offer merit scholarship grant money. |
I did my undergrad at a school with terrible academic reputation (Lousiville) and had acceptances for MBA programs at HBS, Wharton, and Sloan. |
As another poster noted, the total cost of earning a full-time 2 year MBA degree can be $500,000 when 2 years of lost wages are added to the cost. This total COA can be lowered by scholarship grant money and earnings from the summer between one's first & second year of the MBA program. Starting salaries for recent MBA students from the top 7 MBA programs are in the range of $165,000 to $175,000 with an additional signing bonus of $30,000 to $35,000. |
| And, in my opinion--even without knowing more details, an MBA is a wise move for someone in their twenties with at least two years of post-undergraduate full-time work experience. |
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contrary to all these other posts I’ll actually try to answer OPs question
they will be a strong candidate with the gpa job and presumably test score however, FAANG CS applicants are a dime a dozen and will be competing for spots with more interesting applicants from places like Coke or even non-profits. Just cause the CS kid at Apple is likely pulling in $200k+/- straight out of undergrad doesn’t mean the world is enamored with these kids. Balance expectations and go for it |
I went to one of these schools and was accepted at 4 others, albeit a long time ago. What matters today is GMATs (mine were in the 750 range), grades (mine were actually not that great), work experience (3-5 years is the norm), and diversity. All the schools are looking for diverse classes. Being a woman used to be a real help, but the applicant pools have gotten more balanced now. OP, HBS is fine but your DC needs to look at what they want to do and what schools provide that path. If they want to stay in tech, Stanford may be better. If they want to do private equity then Wharton may be better. Your DC needs to do the research and own this process. And paying $50k for GMAT prep is absolutely nuts. Or are you trying to pull a varsity blues stunt and pay someone to take the test for your DC? |
They are looking for interesting people. Mid-20s man with a CS degree, working at a company like Apple, and with a good GMAT/GPA? No offense, but yawn. That type of applicant is a dime a dozen! What does your son envision doing with his MBA? He needs to be able to articulate something better than "interested in getting an MBA from a good school" (your words). |
What an obnoxious response--and then you post silly, childish gibberish as advice ? Your response reveals a lack of knowledge & understanding about the application process for elite MBA programs. |
NP. What's inaccurate? Pretty spot on to me. |
Because I did hiring at a top nyc investment bank and kids like this were weeded out in the first round, if they even made it to that. He’s looking at this completely wrong (and weird how involved his mother is). We wanted the kids that had a story for why he/she went to b school and what they wanted to do whey got out. We didn’t care about standardized test scores and neither does admissions. We cared about kids who were strategic and smart w/ numbers. The kid who came in w/ a story of the quants model he did and then invested his first year or signing bonus into bc he believed in it that much. That’s who we hired. Not the kid who was so focused on ticking boxes and had zero confidence or ability to get somewhere on his own that he fell for the knob who’d take $50k and teach him what he should be able to teach himself. |
+1 |
LOL ! How does this rant help OP ? |
| Be really good looking, charismatic, a leader, and popular. Is he CEO material? |
| Being liking to spend $50k for GMAT prep should be Case Number 1 for poor business decision making for a future business school student. |