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The acceptance rate to the good MBA schools is very low, which is already a barrier to entry. In MBA land, it makes a big difference if you go to a top 10 schoo
by Prrometheus 19y ago
The acceptance rate to the good MBA schools is very low, which is already a barrier to entry. In MBA land, it makes a big difference if you go to a top 10 school or Local U. A degree from Stanford, Harvard, Wharton, Sloan, or Kellogg pretty much guarantees you a hedge fund, private equity, or investment banking position, if you want one. Also, a LARGE portion of Fortune 500 CEOs come from the top schools. However, you must be rather smart and have great work experience (or have very good work experience while being female/minority) to get into those schools.
- noodle 19y agoindeed, the school also makes a difference, but, IMO, the biggest difference among schools is not in the quality of the MBA, its the networking and prestige that comes along with it. you don't go to harvard to get an MBA from harvard, you go to harvard so you can say you got an MBA from harvard; to form the connections, networks, and for the prestige that comes with the harvard name. thats what you pay for -- you pay for that up front so you can get paid more later by waving your diploma around.