COMPARE MIT vs Chicago (30% scholarship?)

MIT vs Chicago (30% scholarship?)


  • Total voters
    38
Joined
12/21/20
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4
Points
13
Torn between the two programs, would love some opinions on either.

I’ll be joining the programs fresh out of college.

These are the points I’m thinking:

1. I am strongly leaning towards establishing a career as a quant, I do not have buy/sell-side preferences. I greatly enjoyed both my internships and those experiences helped shape my decision. However, given that I actually do not have any full-time experience, I am fairly open to roles in risk, fintech, corp finance.

2. MIT offers me a really good flexibility in case I believe I'm not a good fit for a quant, and also two concentrations that interest me: financial engineering and capital markets (CS/math courses from MIT seem like a really good way to prepare myself too). It also teaches fundamental courses in economics and finance, which I find very interesting. And the brand name is unparalleled.
I am a non-US citizen, and if I plan on moving to Asia or Europe later, the MIT brand might be able to help me then.

3. Chicago also seems like a very robust program, and probably will offer me a more focused training for quant jobs. I understand I also have the option to pursue electives from Booth later on. And with the scholarship, my difference in tuition between the two schools arrives at about 50,000 USD. I know it’s a fantastic school too. But perhaps a little lower in brand value than MIT (note that I’m not comparing the brand of the programs, just the universities).

The career statistics for both the programs seem equivalent. MIT has a higher mean salary, though. I reached out to my school’s alumni on LinkedIn who went to MIT MFin, and they are all extremely happy with the program. I couldn’t find any alumni from my school who went to Chicago, though, but judging from the reviews on Quantnet, people seem quite happy with it too.

What do you guys think?
 
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