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I got into both but currently attend Bentley. I've visited BU many times because three of my friends went there.
It ultimately depends on what you want. BU has a very nice urban campus as opposed to Bentley, which is kind of on the outskirts of Boston in a suburban setting. The social life at BU is much more lively because you are right on Commonwealth Ave with many bars and restaurants nearby. Each weekend you'll see plenty of students walking along in groups to hit up block parties and Greek events. Bentley kids either need a car or will have to take a shuttle bus (30 min) into Harvard Square, from which point they will need to take the T (another 20-30 min) to get into the heart of Boston. Partying at Bentley itself can be fun at times, but they will get boring very quickly because it just consists of dorm/apartment parties. Moody street, which has lots of bars, is close to Bentley but again, you need a car or friends with a car to get there.
Reputation-wise, BU is more worldly and better known throughout the world. Within New England, both have some good reputations, but if you ask anyone from say Florida, they would likely have no idea that Bentley is a college.
Academics wise, I do understand that BU has some grade deflation. Bentley also has smaller courses, probably better facilities from my own experience, and a trading room. So I give this one to Bentley, particularly with the strength of their finance and accounting programs.
Ultimately, you need to satisfy yourself with what you want out of college. If I had to do it all over again, I think I would have chosen BU primarily for the social scene. Bentley is kind of small with 4,000 students and the campus can be quite constricting without means of transportation.
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