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IE or Cranfield?
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going_MBA  
Joined: 29 Aug 2009 Posts: 6 |
IE or Cranfield?
Hi all,Sun Aug 30, 2009 01:46 PM I got admitted at IE and Cranfield and now I could use some advice. For principle I prefer IE as it is a better school (at least in rankings). But I also got a 6.5k scholarship from Cranfield. So, Cranfield would have a better ROI and cost me half the price of IE. Given the total costs of each programme, the reputation and classmates, which school do you believe would have a bigger ROI and to where would you be going? Thanks people, Cheers |
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ralph  Joined: 07 Jul 2009 Posts: 159 |
IE or Cranfield?
In the long run, IE would be a better investment. A recent ranking by return on investments rated IE at the top of the list, and Cranfield 2nd place. The total cost of the programs differed by about $5,000 (Cranfield is cheaper,) but the kicker is the average post-MBA pay increase - $50,500 for Cranfield and, wait for it....Mon Aug 31, 2009 09:38 AM $96,500 for IE. Seems to me a no-brainer, as even if you saw that average pay increase you'll more than recoup that differential (including the 6.5k scholarship,) in less than a year. And in terms of reputation, rankings, etc. - IE, hands down. |
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| going_MBA
Joined: 29 Aug 2009 Posts: 6 |
IE or Cranfield?
Hi there. Actually the difference will be of €25k... that's what keeps me thinking... but I agree on all the rest...Mon Aug 31, 2009 06:02 PM Thanks a lot for your opinion. That really matters for me... |
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| sally Joined: 07 Feb 2009 Posts: 241 |
IE or Cranfield?
I wouldn't neccessarily base your decision on average pay upon graduation. That obviously depends how "average" you are in comparison to the rest of the student body at either school. Mon Aug 31, 2009 11:20 PM Also, for what it's worth.. Financial Times says the "weighted salary" coming out of Cranfield is $127,004 compared to $132,925 at IE. That's American dollars.. but as you can see, it's pretty close. So... judging by the numbers someone else posted, I guess IE students are just a lot poorer coming in! Still, I would think more about what each individual school has to offer you. For example, how important is it to you to get experience in a Spanish-speaking country? For me, it's a top priority, so I'd choose IE hands down. But if you want to work in England upon graduation it would make sense to study there and network with UK companies. What industry are you interested in working in? Which school has better connections in your field of interest? Which offers the curriculum that lines up best with your interests? If all of those things are equal, and its substantially cheaper to go to Cranfield I would definitely go with that school. I can't imagine that the return on investment is that much different.. they're both among the best programs in the world.. However, you might tell IE about your scholarship offer at Cranfield and see if they will match it, or at least offer you something. If you are a competitive candidate they may be willing to offer you a scholarship; sometimes it is just a matter of asking at the right time. Since it is late in the admission process IE may have unclaimed 2009 scholarship money that they could reassign to you. This strategy worked for me at a U.S. school that I had applied to (I ended up declining them anyway, though, because in the end I decided being in Spain was my priority.) [Edited by sally on 31 Aug 2009] |
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| going_MBA
Joined: 29 Aug 2009 Posts: 6 |
IE or Cranfield?
Well Sally, I'm on my way to IE, so who knows... we might meet there :)Wed Sep 02, 2009 06:57 PM Anyway, I just tought IE is a better school (at leat more reputated one) and will give me a great education. And my priority would be to work somewere in Europe but specially in my homw country or in Spain, so IE is just better known for that. So see you and thanks for sharing your ideas with me and help me decide :) |
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| SingleSpain Joined: 10 Apr 2007 Posts: 129 |
IE or Cranfield?
Sally,Thu Sep 03, 2009 09:33 AM Which Spanish business school are you attending? |
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| sally Joined: 07 Feb 2009 Posts: 241 |
IE or Cranfield?
I am applying to schools for 2010, so we'll see.. I'm applying to IE, IESE, ESADE, EADA and Carlos III. So... i will be going to one of those!
Mon Sep 07, 2009 08:42 PM |
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| mec
Joined: 17 Feb 2010 Posts: 3 |
IE or Cranfield?
Sally - what if you want to network outside UK and Spain?Thu Feb 18, 2010 11:03 PM Would you say you cannot go wrong with any of these schools and it is down to personal preferences/circunstances? |
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| sally Joined: 07 Feb 2009 Posts: 241 |
IE or Cranfield?
If not UK or Spain, where do you want to network? I think location is important and it's always easier to network in a place when you're physcially there.Thu Feb 18, 2010 11:24 PM I would definitely agree that picking a school does come down to personal preferences and circumanstances. All of the programs mentioned here have a lot to offer, but its up to each person to decide what's right for him or her. In the end, I ended up choosing IE. I start in November! |
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