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Posted on 10/31/13 at 8:16 am to Toula
5 year ROI for the class of 2008 at the top 10 school was between 68k (Ross) and 99.7k (Stanford) per a Forbes article from Oct. 9th. I would imagine the ROI is even higher now as those student graduated in the middle of the recession.
Posted on 10/31/13 at 9:00 am to Beerinthepocket
(no message)
This post was edited on 1/27/14 at 10:02 am
Posted on 10/31/13 at 10:42 am to Toula
quote:
Value and a earlier ROI isn't there.
The inputs that determine ROI vary greatly from person to person. My advice to the OP would be to understand thoroughly what you are buying. In the MBA world, tuition is a terrible proxy for value. That is because too many people make purchase decisions based on poor data (or let ego allow them to ignore the data).
The top programs make detailed employment data available to the public. I found it to be extremely reliable. The quality of that data offered by programs outside the top 15 or so waters down quickly. We can all infer why.
As for employer sponsorship, I've seen it be much more of a handicap than a benefit for people at a "top tier" program. Those who were sponsored sat on the sidelines while the non-sponsored had their pick of literally thousands of opportunities - many of which were more lucrative. Company sponsorship makes sense for people who expect a small gap between pre-MBA and post-MBA compensation and benefits.
Posted on 10/31/13 at 10:48 am to Beerinthepocket
I've been toying with the idea as well. However, it would be tough to drop everything and put the career on hold for a couple of years to go back to school. Would definitely have to be at a top school for me to consider.
However, after reading some of the profiles of people who didn't get accepted I feel like I have a long way to go. BSME from Arkansas (lol) and MSME from top 5 engineering school with diverse work history but it seems like I need to have lived in 5 different countries and have helped teach African kids calculus while running a successful start-up on the side to have a fighting chance.
However, after reading some of the profiles of people who didn't get accepted I feel like I have a long way to go. BSME from Arkansas (lol) and MSME from top 5 engineering school with diverse work history but it seems like I need to have lived in 5 different countries and have helped teach African kids calculus while running a successful start-up on the side to have a fighting chance.
Posted on 10/31/13 at 12:25 pm to Beerinthepocket
A good friend of mine went to Kellogg. However, he was Harvard undergrad, Columbia Law (on Law Review) and then worked for a white shoe firm in NYC for 4-5 years. His application was a mere formality. He did tell me that the MBA program was incredibly easy after going to law school.
Posted on 10/31/13 at 1:49 pm to MMauler
I have a friend that just finished at Booth (University of Chicago). Apparently, it is rated high as well.
Posted on 10/31/13 at 2:25 pm to lsu711
quote:
An employer sponsorship is a status symbol at HBS or the value isn't there without a sponsorship?
A little bit of both, and I believe he means if someone else isn't willing to pay your then you probably are not HBS material...
quote:
As for employer sponsorship, I've seen it be much more of a handicap than a benefit for people at a "top tier" program. Those who were sponsored sat on the sidelines while the non-sponsored had their pick of literally thousands of opportunities - many of which were more lucrative. Company sponsorship makes sense for people who expect a small gap between pre-MBA and post-MBA compensation and benefits.
I could see this being the case but I dont think the GMAT website suggests there are thousands of opportunities for today's MBA grad. The most recent data suggests MBA salaries are on the decline even from the top rated programs.
This post was edited on 10/31/13 at 2:32 pm
Posted on 10/31/13 at 3:00 pm to wiltznucs
Top MBA programs are about gaining access to a network and to elite opportunities that are otherwise closed.
I can kickass as a consultant for the very best firms in the world, but unless I have a top MBA I can never enter MBB past the ananalyst level.
Elite management rotation programs work the same way.
lsu711, it will pain you to learn that Booth is now my top choice. I love the flexibility of the program. Planning on applying next Fall and looking to enter a program in the Fall of 2015.
Meeting with a Darden grad in the next couple weeks...interested to get her take on the case method.
I can kickass as a consultant for the very best firms in the world, but unless I have a top MBA I can never enter MBB past the ananalyst level.
Elite management rotation programs work the same way.
lsu711, it will pain you to learn that Booth is now my top choice. I love the flexibility of the program. Planning on applying next Fall and looking to enter a program in the Fall of 2015.
Meeting with a Darden grad in the next couple weeks...interested to get her take on the case method.
This post was edited on 10/31/13 at 3:02 pm
Posted on 10/31/13 at 3:31 pm to Toula
My sister graduated from Wharton a couple of years ago. She went to Tulane for undergraduate, then worked in NYC for a few years before she was accepted. Don't know what else to say except she has always a stellar student, is a natural at the networking stuff. Also was really good at interviewing and essay work, helped me when I was applying to PA school.
This post was edited on 10/31/13 at 3:35 pm
Posted on 10/31/13 at 3:41 pm to Toula
I've noticed people couldn't pretend to care less where I graduated from. They see the potential, and they want to stay informed on how my CPA exams are going.
Posted on 10/31/13 at 4:09 pm to lynxcat
quote:
Meeting with a Darden grad in the next couple weeks...interested to get her take on the case method.
I liked the case method and took a few classes in my MBA from Profs that were HBS alum. Took some getting used to and being cold called to present the case or your analysis was pretty stressful initially. The case method does a good job letting you know who in the class is "getting it" and who is not. My Profs loved identifying those who hadn't prepared and driving them to tears or making buffoons out of them in front of their peers...
Posted on 10/31/13 at 6:40 pm to lynxcat
quote:
Booth is now my top choice
Be honest, you let that new video essay requirement deter you. I'm kidding. I thought they were both set up with 9 core and 11 electives? I hope you still plan on applying to both because I think Kellogg is stronger in your areas of interest.
Posted on 10/31/13 at 6:46 pm to wiltznucs
Case due every class is obnoxious.
Posted on 10/31/13 at 6:50 pm to lsu711
As I understand it, Booth has pretty much dropped a 'core' and allows you to customize your courses from day 1.
I am definitely still applying to Kellogg. MMM still enticing and you are spot on given my subject matter background. I need to nail down the exit opportunities I am looking to grab. Right now MBB or management training program are top of mind.
I am definitely still applying to Kellogg. MMM still enticing and you are spot on given my subject matter background. I need to nail down the exit opportunities I am looking to grab. Right now MBB or management training program are top of mind.
Posted on 10/31/13 at 7:06 pm to lynxcat
It looks like Booth still has core subjects, but offers some flexibility by giving you 2 or 3 courses to choose from to fulfill that core requirement. Both schools will probably revamp their entire curriculum again before Fall 2015.
Pick the post-MBA goal that best fits your prior experience and b-school choice. Craft the story that makes the most sense. Once you get in, pursue whatever you want.
Kellogg. No doubt. 2012 numbers, but Kellogg put twice as many at McKinsey and BCG and 50% more at Bain.
Kellogg and Booth are fairly equal. The same programs typically recruit both schools.
Pick the post-MBA goal that best fits your prior experience and b-school choice. Craft the story that makes the most sense. Once you get in, pursue whatever you want.
quote:
MBB
Kellogg. No doubt. 2012 numbers, but Kellogg put twice as many at McKinsey and BCG and 50% more at Bain.
quote:
management training program
Kellogg and Booth are fairly equal. The same programs typically recruit both schools.
This post was edited on 10/31/13 at 7:08 pm
Posted on 10/31/13 at 7:14 pm to lynxcat
One other thing to consider when choosing schools: pay attention to whether or not you genuinely like the alums you meet. "Networking" becomes less of a chore and more like making friends when you actually like the people. When I decided to go back to school, I started paying attention to all my colleagues who had top tier mbas and looked for trends. One particular school in the top 5 stood out for all the wrong reasons. Despite the fact that i'd previously planned to apply, I quickly realized it wouldn't be a fit for me.
In sum, you're paying a lot of money for this elite network, so it's much more convenient if it consists of friends and not just classmates. I can tell you I didn't expect to make friends during b school and couldn't have been more wrong -- have developed some of my strongest friendships in just a short period of time. Anyway, just my two cents.
As an aside, I would 100% disagree with sponsorship being a requirement for the top tier. I actually agree with the previous poster that it can be a crutch. While you can be sponsored and still take part in recruiting, many people take the lazy route and take the bird in hand -- not necessarily a bad thing, but you have to assess your situation. On the flip side, if you get outside of the top 10-15 programs, I think that's when you should really think hard about whether or not the ROI is there without sponsorship and/or going part time (exec type program).
In sum, you're paying a lot of money for this elite network, so it's much more convenient if it consists of friends and not just classmates. I can tell you I didn't expect to make friends during b school and couldn't have been more wrong -- have developed some of my strongest friendships in just a short period of time. Anyway, just my two cents.
As an aside, I would 100% disagree with sponsorship being a requirement for the top tier. I actually agree with the previous poster that it can be a crutch. While you can be sponsored and still take part in recruiting, many people take the lazy route and take the bird in hand -- not necessarily a bad thing, but you have to assess your situation. On the flip side, if you get outside of the top 10-15 programs, I think that's when you should really think hard about whether or not the ROI is there without sponsorship and/or going part time (exec type program).
Posted on 10/31/13 at 7:17 pm to Jcorye1
quote:
I've noticed people couldn't pretend to care less where I graduated from. They see the potential, and they want to stay informed on how my CPA exams are going.
I'll guess MBAs from top tier business schools are not going after your job. They go where the degree is a requirement and those jobs do exist.
Posted on 10/31/13 at 9:20 pm to lsu711
Isn't someone doing the ut-Houston? I am curious to how recruiting went for that? Because ut full time is top20
Posted on 10/31/13 at 9:46 pm to reb13
quote:
Isn't someone doing the ut-Houston? I am curious to how recruiting went for that? Because ut full time is top20
I am.
It wasn't too bad. I think our acceptance rate is around 30%
UT full time is top 20, we have the same professors at the FT students.
Our program is ranked 7th in the nation for professional programs
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