Go for the MBA. In this market, too many experienced strategy consultants are moving consulting firms given that SI's and indeed big 4 firms (look at Deloitte acquiring Burlington for example) have acquired them (eg. ATK and EDS etc...). They will move for the same salary or less to get back on to a true strategy mandate work-flow. If you're talking about Ivy League business schools then (a) the milkrounds will give you exposure to the right strategy houses (b) you'll learn so much outside your comfort zone that you won't need to rely on the milkrounds, and can pro-actively research and approach firms rather than waiting and (c) your network (re. like minded students from all walks of life) will expand, providing yet further opportunities. Not forgetting what you'll actually learn of course!! All the best to you.