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Originally Posted by SrivShi  I am right now not even sure if I will be coming for the PI. I am currently on waitlist for both Chicago GSB and Wharton |
Hi,
First of all, let me join Sperinko in congratulating you on your very impressive GMAT score and getting wait-listed at those programs. You are in an enviable position and the dilemma you are facing is a good one!
I hadn't seen your profile when I messaged you back, so I'll just add a few more things here. Choosing between the IIMs and the top B schools in the US is a matter of personal choice, which involves financial issues and where you see yourself post graduation. This is entirely my opinion of course and anyone is free to disagree with me, but I feel for candidates like us with an international background, the choice is whether you are interested in moving back to India or Asia or are really keen on working here in the US. If the latter is your ambition, then I don't see why you need to look to the IIMs. I'm of the opinion that anyone who can get into the IIMs has a profile good enough to get into the top B-schools here. You are a case in point, albeit still on the waitlist. And if you really do want to continue working in the US, then you are probably losing out on a lot from not attending a top B School here.
Now, it is indisputable that the IIMs have globally oriented programs comparable to top international b-schools and exceptional international placements. However, at the very max, they are on par with B-schools in the US. So it doesn't make sense to go there, if you eventually want to come back here. Another constraint is financial. Assuming you don't get scholarship, attending business school in the US is quite an expensive proposition. And taking into account the lost revenue by not working, and the repayment of loans, it usually takes about 5-7 years to break even. For me, that was what prevented me from applying to schools here and look at IIM. Attending IIM A/B/C has always been a dream, but additonally I've always wanted to move back ASAP and work closer to home, since my freshman year. So for me, the exceptional programs at these IIMs, combined with the india-centric exposure, the possibility of interacting with the most brilliant minds in the country (both faculty and peers) was what led me to consider these three schools.
But if you are passionate about the IIMs, just shell out the money ( it shouldn't be $1300 though, I just got a great deal on Jet Airways
) and come down here for a few weeks and make a vacation out of it! It'll be a great experience and I'm definitely looking forward to it.
This is just a whole lot of unsolicited advice from me. I hope it helps you make the decision that best works from you. All the best !
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