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re: MBA Schools: FlUNO vs. LSU vs. Tulane

Posted on 4/9/10 at 10:55 am
Posted by John Merlyn
Member since Oct 2009
2203 posts
Posted on 4/9/10 at 10:55 am
Would you two mind giving me a run down on

UNO vs. LSU vs. Tulane (MBA.

Would be thinking about full time most likely.
This post was edited on 4/9/10 at 4:24 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/9/10 at 11:13 am to
The most important question, IMO, is what you are trying to get out of the degree (what are you doing now, and what job are you trying to get into by getting the MBA). Need that answer first.
Posted by John Merlyn
Member since Oct 2009
2203 posts
Posted on 4/9/10 at 11:19 am to
I'm currently working in risk management/audit for a Regional Bank. Little over 2 years work experience.

Not totally sure what I want to do, but the stock market/trading is VERY interesting to me.

Not happy with my current job, figured going back to school would be a good change of pace/career change move.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/9/10 at 11:30 am to
If you want to work in some type of high-level finance, your best option is Tulane. LSU isn't a bad option, but Tulane is a much better one. UNO won't get you anywhere in that field. Realistically, if you want to be a "trader" and you didn't go through an analyst program/internship after undergrad, you probably need to go to a top 10 or top 20 MBA to get to where you want to go. Its an incredibly hard field to get into, supply is high and demand is really, really low.
Posted by John Merlyn
Member since Oct 2009
2203 posts
Posted on 4/9/10 at 11:35 am to
How difficult is it to get into Tulane?
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/9/10 at 11:43 am to
Probably need a 650 with a 3.5 or something like that. You can look up class profiles and they'll tell you the median gpa/gmat/etc.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 4/9/10 at 11:47 am to
I would possibly consider a masters of finance at a better school, but as far as the original question, I agree with kfizz. I am on my iPhone at the beach, but if you bump this next week, I will try to write up all my thoughts.
Posted by John Merlyn
Member since Oct 2009
2203 posts
Posted on 4/9/10 at 12:59 pm to
Tulane
GMAT scores:

Mean : 657
Median: 660

Middle 80% range GMAT scores:

From: 620
To: 700
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/9/10 at 1:21 pm to
Pretty good guess then on my part.
Posted by Jason9782003
Member since Aug 2007
3698 posts
Posted on 4/9/10 at 1:35 pm to
quote:

Not totally sure what I want to do, but the stock market/trading is VERY interesting to me.


I would go for a master in finance from Tulane instead of an MBA.

quote:

How difficult is it to get into Tulane?


Not sure about their finance program. I got in to their MBA program with a 640 GMAT and 3.4 GPA. They also look at your current job, resume, etc. I don't think it's tough to get in. The tough part is paying for it
Posted by John Merlyn
Member since Oct 2009
2203 posts
Posted on 4/9/10 at 1:49 pm to
The numbers I saw were right under $80,000 for all inclusive. Does that sound right?
Posted by Cantstandya
Baton Rouge
Member since May 2005
437 posts
Posted on 4/9/10 at 2:19 pm to
quote:

Would be thinking about full time most likely.


Why full time?? You have 2 years of work experience, so you could probably get into a Professional (part-time) program and continue to get work experience. Either way, good luck. I start LSU MBA in August.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/9/10 at 2:52 pm to
Tuition is like 68k total. I agree with Jason's comment too, if you know for sure that you want to do finance, an MFIN is probably a better idea. You have to recognize the different career paths that those lead you on though. MFIN is going to lead you to more analytical stuff. It narrows your job opportunities, but it probably increases the likelihood of landing one of them by [hopefully] an equal amount. You could also continue to work and do the MFIN as a part-time. If you did that, you might be able to approach someone on the investments side of your bank for internal opportunities. I would think that is likely to be, overwhelmingly, your best opportunity.

MBA = 90% networking, 10% academic (probably less if you are an accounting or finance undergrad). Part-time = hard to network. If you're going to move up in your organization, P-T is your best bet. If you're going for a career change or a step up in your career outside of your current firm, F-T is a must, and its not even a question. A non-top-20 MBA, by itself, is not going to get a job anymore. Its the people that you get a chance to meet that will get you a job.
Posted by John Merlyn
Member since Oct 2009
2203 posts
Posted on 4/9/10 at 3:12 pm to
Besides networking, I also like the idea of going back to school right now. I would have to move either way and my bank does not have locations in Louisiana.

I'm out of state, so Tulane isn't THAT much more than LSU.

As i'm unsure of my direction an MBA would probably give me more flexibility, but I will give some thought to the MFIN. Theoretically, I could do both if the MFIN ended up being necessary later.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/9/10 at 3:30 pm to
Where are you right now? Getting an MBA and an MFIN is absolutely a waste of time and money, pick one or the other and make your move.
Posted by John Merlyn
Member since Oct 2009
2203 posts
Posted on 4/9/10 at 3:47 pm to
quote:

Where are you right now? Getting an MBA and an MFIN is absolutely a waste of time and money, pick one or the other and make your move.


Point taken.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/9/10 at 3:56 pm to
Yeah, didn't mean to sound like a dick about it, but you've just got to make a decision and start positioning yourself to get there. If you want to work in the limited finance jobs in NOLA, Tulane wins. If you want to work in BR, LSU is probably better. If you want to work outside of the state, Tulane wins again. But in all truthfulness, take the GMAT, and apply to the absolute best school that you can. Finance and MBAs are all about prestige, that's just how the game is played.
Posted by John Merlyn
Member since Oct 2009
2203 posts
Posted on 4/9/10 at 4:02 pm to
I think hands down, Tulane is the best choice. Gonna try to nail the GMAT. I made a 620 after studying for a weekend, gonna put on the full court press and try to make a 660. About a month to study. Grades are hurting me so I'm going to have to dominate the test to get in this year.

I talked to LSU and UNO already and 95% sure I could get in either one.
Posted by John Merlyn
Member since Oct 2009
2203 posts
Posted on 4/9/10 at 4:03 pm to
Also check out #61
Rankings
Posted by pnut53088
New Orleans
Member since Jan 2009
2319 posts
Posted on 4/9/10 at 4:26 pm to
quote:

I talked to LSU and UNO already and 95% sure I could get in either one.

UNO's requirements are a tough 450 and 3.0 or 500 and a 2.75
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