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Umich may not be that cheap, its tuition is paid by semester while columbia is paid by credit. So if you take 4 courses, that is 12 credits, a semester, the tuition for each credit is actually higher in Umich than in Columbia. However, it's no doubt that the living expense in Umich is much lower.

It helps, thank you!

I asked several friends for suggestions these days. Some says that Columbia enrolls too much MS students and the reputation of its MS program is declining. Some says that it is an ivy, located in NYC, and generally as you said a good school. I'm choosing between it and Umich IOE MS program. It seems both programs do not get much high comment. I'm really hesitating and confused...

I'm trying to make a choice between the two programs. And I've got following facts: 1. Columbia is really strong at and mostly concentrated on finance related areas, while UMich is more comprehensive and ranks 2nd in IEOR fields. 2. Columbia's program is more costly than that of Umich (13,000$ more according to the estimation of their official site), and the length of the program is shorter than Umich -- two semesters, that is about 9 months, right? Umich does not specify the length of the program, but it seems it might last 1 year. 3. There will be surely more opportunities in New York city. 4. I've heard that both the two program admitted many students each year, I think it suggests that the quality of the two programs will not be quite good? I'm not strongly inclined to finance related areas, and based on current economic situation, it seems that I should consider apply for PhD after getting a MS degree. So according to the facts, which program might be better for me? Hope to get some advice. Thanks!

I've got admitted to MS program of IOE at UMich, and MS program of IEOR at Columbia. Now I wondered which would be better for me. It seems that Columbia is very good at finance related fields, it is in NY City, while the program lasts only 2 semesters and the tuition and living expense are really costly. On the other hand UMich has comprehensive research areas in IE, tuition is comparably low, and the program might last longer? Also, right now I'm not sure whether I will go for a phd degree. So any suggestions for me? Thanks!