MBA Myth

aldford Wrote: ------------------------------------------------------- > I think it’s funny when people talk about top 3. > What are the top 3? I bet there would be > significant disagreement. > > Business Week says it’s Chicago, Wharton and > Kellogg. Sorry Harvard and Stanford grads, no top > jobs for you. Top 3 is Stanford, Harvard and Wharton…and in my opinion, in that order (others think Harvard is number 1).

Gouman Wrote: ------------------------------------------------------- > Dude, the girls in SocCal are so money. I work in > Santa Monica, about a five min walk from the > Pacific Ocean. > > Being out at lunch never gets old, model chicks in > bikinis everywhere. Ugly and fat chicks don’t even > bother coming out of the house unless it’s under > the cover of darkness…and lots of make-up. Gouman - I am 10 minutes away from you. Email me at Danteshek @ gmail.com

MPT Wrote: ------------------------------------------------------- > Top 3 is Stanford, Harvard and Wharton…and > in my opinion, in that order (others think Harvard > is number 1). I also agree that Stanford is better than Harvard, but everyone has an opinion. As for the top 3, there isn’t much debate. B-Week can publish whatever they want, but the best offers consistently go to grads from Stanford, Harvard and Wharton. Prospective students know this and vote with their feet – just look at the yield figures that each school reports. They are consistently higher than other top schools.

I’ve given up on the regular schools after rejection from Wharton/Lauder and LBS. I might join a start-up bschool in Russia in 2009 if I can’t find what I want in Moscow when I visit for two weeks this September. That’s where I want to be. No point wasting time. The point is that you have to know what you want and select the school that can get you there… http://www.businessweek.com/globalbiz/content/mar2008/gb20080331_174156.htm?chan=globalbiz_special+report+--+asia+health_special+report+-+european+b-schools+2008

Danteshek Wrote: ------------------------------------------------------- > I’ve given up on the regular schools after > rejection from Wharton/Lauder and LBS. I might > join a start-up bschool in Russia in 2009 if I > can’t find what I want in Moscow when I visit for > two weeks this September. That’s where I want to > be. No point wasting time. The point is that you > have to know what you want and select the school > that can get you there… > > http://www.businessweek.com/globalbiz/content/mar2 > 008/gb20080331_174156.htm?chan=globalbiz_special+r > eport±-+asia+health_special+report±+european+b-s > chools+2008 Wharton/Lauder and LBS are both very difficult programs to get accepted to. No reason to get down about it. If you decide to apply to US or European schools this year, be sure to include a “safety” school or two since b-school applications (and thus competition) are increasing.

Only a few programs are suitable for an American wanting to work in Moscow… I need to expand my Moscow network. I can’t do that at Indiana.

Danteshek Wrote: ------------------------------------------------------- > Only a few programs are suitable for an American > wanting to work in Moscow… I need to expand my > Moscow network. I can’t do that at Indiana. Previet Dante, May I ask why you want to move back to Russia so badly…family? Work?

MPT Wrote: ------------------------------------------------------- > Danteshek Wrote: > -------------------------------------------------- > ----- > > Only a few programs are suitable for an > American > > wanting to work in Moscow… I need to expand > my > > Moscow network. I can’t do that at Indiana. > > > Previet Dante, > > May I ask why you want to move back to Russia so > badly…family? Work? It is Privet, not Previet :slight_smile:

I went through a new hire analyst training program last yr and the only person that didn’t make the cut at the end came from Wharton. The other 15 of us went to schools that not would not be considered top schools. Chalk one up for the little guy.

To work. Moscow is the place to be right now. I have always wanted to go back since I taught English and worked as a translator in Moscow/Tula in 2003/2004. Now that I have 3 years experience I am ready. There are tons of opportunities there. I am targeting Troika, RenCap, Aton, EastKom, Alfa, CIG, IFC Metropol etc. lots of shops. I hope to line up a bunch of interviews for September. Of course, I am always looking for introductions… email me at danteshek@gmail.com if you can help. I will send you all my information.

Why do so many people here think the school bias is based on assumptions of intelligence? If the hiring managers were so concerned about intelligence they’d give an IQ test and be done with it. Google is concerned with IQ - read up on their hiring process, it has less to do with computer programming than it does with being a good thinker. Banks, hedge funds, PE firms, etc. don’t need brilliant people; they need competent people with fantastic connections. They need the guy who went to school with people that he can call and in a matter of minutes have millions of dollars change hands. That’s why they only hire from those schools. I agree that there are plenty of people who went to crappy schools who are smart, motivated and driven but compare the net worth of their social circle to that of someone with a similar profile at any top 5 and you have your answer. It’s not what you know, it’s who you know. There are plenty of career fields when you can be judged based on your merits as a person – finance isn’t one of them.

Danteshek Wrote: ------------------------------------------------------- > I’ve given up on the regular schools after > rejection from Wharton/Lauder and LBS. I might > join a start-up bschool in Russia in 2009 if I > can’t find what I want in Moscow when I visit for > two weeks this September. I wouldn’t suggest that. Russian MBAs aren’t recognized even in Russia.

Well best case I get a job at Troika or RenCap and I don’t worry about going back to school. SKOLKOVO is an interesting project though - definitely something I would be interested in doing. If you haven’t heard of the project I suggest you look into it. It is not in my best interest to spend another two years in the united states. I am so sick of living here… I’m young. This is the time to take risks.

Isn’t the “myth” of glorious top-x schools, among other things, self-fulfilling? WS has a high proportion of hiring managers who went to these schools. By focusing their hiring only on candidates from these schools, these managers are implicitly increasing the value of their own degree.

The absolute top guys at Blackstone all went to Harvard, but if you look through their principals and managing principals, ie. the newer folks, you get: MIT Columbia - 3 Exeter Dartmouth Stern Univ British Columbia Michigan Wharton -2 Harvard -2 Oregon St Univ of Virginia Univ of New Hampshire Dalhousie Univ of Connecticut Pace Univ Villanova James Madison University

aldford’s list is somewhat what more diversified than I would have guessed.

aldford Wrote: ------------------------------------------------------- > The absolute top guys at Blackstone all went to > Harvard, but if you look through their principals > and managing principals, ie. the newer folks, you > get: > > MIT > Columbia - 3 > Exeter > Dartmouth > Stern > Univ British Columbia > Michigan > Wharton -2 > Harvard -2 > Oregon St > Univ of Virginia > Univ of New Hampshire > Dalhousie > Univ of Connecticut > Pace Univ > Villanova > James Madison University should be interesting to see the ethnic strata of that sample

I don’t think this discussion is meaningful unless you specify what career you are looking for. Obviously, you won’t have as much of a chance to get into any of the most prestigious firms unless you come from one of the top schools. I’m sure some Yale people get into Goldman, but the odds are not good. Each school has different strengths too. If you want banking, HBS, Wharton and UChicago are probably best. For entrepreneurship, Stanford. If you want to be a consultant, Harvard and Kellogg. If you want to be an analyst, I’d pick UChicago, MIT, Harvard or Wharton.

For entrepreneurship----> I would say you dont really need school for that…

I would argue the opposite. I think going to school for entrepreneurship can be very very beneficial… First, you can literally start a company while a student and have all the schools resources and faculty at your disposal—which can be huge. Second, starting and growing a company isn’t all roses and puppy dogs, it’s a lot of hard work and tough decisions. Entrepreneurship courses can really help one think about how effective business owners approach problems and come to decisions. For example: an entrepreneurship course might dedicate a class or two to term sheets. It would explain what term sheets are, different items on term sheets, and possible red flags.