UPDATE: I got accepted into Yale but the financial aid is much worse than Columbia. If after an appeal it is low enough then I may choose it, so can you also consider all the following points in respect to Yale also. I need to decline one of Yale and Columbia by the end of the month so I could use the advice on that also!
I am fortunate enough to have received an offer from the 3 institutions in the title and Yale (amongst others) but I am having difficulty deciding where I wish to study. I plan to firm Cambs and insure LSE on UCAS. My questions are:
1. Assuming I meet my firm offer, should I choose Cambridge or Columbia?
2. If I miss my firm but meet my insurance, should I choose LSE or Columbia?
At Cambridge/LSE I will study BSc Economics, at Columbia I will most likely major in Economics or double major in Economics and Mathematics. I am considering minoring in Mathematics, Politics or Chemistry (most likely Maths).
These are some factors to consider which I have thought of so far:
- LSE/Cambs are 3 years, Columbia is 4 years
- All are world renowned institutions in the field of Economics, but league tables vary in their order
- All are 'target schools' for financial services industry. I believe LSE/Cambs are more connected to the City than Columbia is connected to the Street (it's beaten by HYP).
- LSE and Cambs are cheaper, however I will graduate with a lot of student debt. Columbia have given me a grant of $55k, but I will need to pay the excess fees and living costs myself (estimated at $25k). Financially, it would be a struggle, but I should not graduate with any debt
- At LSE/Cambs I am locked into only studying economics. I would prefer to be able to study a range of subjects, which you can do at Columbia. I an interested in studying economics, politics, chemistry, maths, philosophy, and foreign languages.
- On the flip side, Columbia have a rigid core (general requirements) so I would be forced to study things I am not interested in like American history, literature, music etc.
- May be easier to get into top US graduate schools from Columbia
- Obviously Cambridge has the 'prestige' factor
- LSE and Columbia are in big cities (I prefer big cities)
- Higher rent in London/NY.
- Columbia may eventually lead to opportunities to work in the US
I would really appreciate any advice! Thank you.