Have you visited these schools?
Did you get into any Honors programs?
$60k in soft loans is a tough call. Especially if you’re thinking MBA or grad school.
That said, the value of an MBA has dropped unless you’re talking top-tier. Undergrad business schools have improved the last twenty years.
If you absolutely hate the idea of a large school then Emory would be a good choice. $60k in soft loans isn’t great but not outrageous either. Just realize that you can get to MBB from Kelley too.
The untold story of MBB recruiting- targets float from year to year. We are in a tight labor market, we have been in a go-go economy for some time now. There are ZERO guarantees that you won’t graduate into something else entirely (ask the class of 2009 what it was like getting a job).
Do NOT go to college with the goal of MBB. First of all, very few HS kids have any idea of what the work entails- you may decide you want to become a forensic accountant, an actuary, develop innovative public health interventions, figure out how to scale up sustainable transportation options, disrupt K-12 education (again) or something entirely different. That’s why you’re getting an education.
Second of all- there are zero guarantees that even if you do everything right, have a 4.0 GPA from a target school, join the right clubs, show leadership, etc. you’ll get hired. Some years the numbers are big; some years the numbers are small. One year all the firms want kids who are multi-lingual and majored in physics and other years the rage is CS (although being multi-lingual is always a plus).
Pick the college that works for you, your family, and then go there and get an education. And if you end up at Oliver Wyman (a fine firm btw) or working for the SEC modeling financial fraud… that’s a fine outcome also.
Not to mention you can pick all your four colleges - and a lot lower tier colleges and you will find consultants…just check linkedin…i just did.
100% agree with @blossom.
$60K in debt…interest free or otherwise…crazy move.
Thank you for this. OP needs to realize MBB is rare for all schools including Harvard. Her chances are slim and needs to be at the top of her class.
Hey, where did you see that Emory is sending 10 this year to McKinsey? My LinkedIn search yielded 3 people. Are you including MBA people in this number?
Sounds like the bank account is making the decision really easy. If you have to co-sign student loans to pay for tuition, then you can’t afford it. Go with the option where you don’t have to co-sign loans. If you have to co-sign with both schools, then you shouldn’t go to either one. Seriously, you’re far better off starting at community college than financially crippling yourself.
Agreed but don’t forget they have IU and U of SC - two great options - with zero debt so neither NU or Emory should have been considered. OP didn’t lay out all the facts up front. A community college is not needed here.
More schools than the NUs of the world place people at MBB…heck, even at ASU we had someone go to M…so it’s not true you can’t get in from other places.
But it’s also true that even from the top, you’re likely not getting in.
So I came back to this thread and agree with the replies that NU is too expensive. When looking at the cost of a degree I tend to look at the total for the degree…$180K versus $320K.
At the same time Emory is more expensive than I would be comfortable paying IF it’s substantially more expensive than your other schools over 4 yrs. You and your parents should sit down and have a frank conversation about finances and respective expectations.
As others have pointed out MBB consulting is extremely challenging in many ways. While I hesitate to dissuade it as a goal, keeping a realistic and healthy perspective is important. The sheer number of very smart, driven students vying for these positions is daunting.
In another post the OP said there would be $60k in loans from Emory.
Never understand why people open multiple posts…they don’t like the answers?
You gotta post all the details, up front, in one place. This isn’t a scavenger hunt.
To clarify – it was another post on this same thread. But agree that it is best to share all of the pertinent information upfront.
Are you includeing Goizueta and not just Emory College?
OP, which school did you choose?
Emory University