Making Your Business School Decision

Guest post by Samantha Bonning, MBA student at Chicago Booth, Class of 2012.

Firstly, congratulations! You have multiple offers for b-school.
Now what?

Two recent events have made me reflect recently on the b-school decision. One directly, which was Admit Weekend 1 this past weekend at Booth, and secondly, the ‘sell’ process for management consulting summer internships. There are two myths that I want to bust here, and hopefully they will help make your decision a little easier.

1. I have to go to School X, otherwise I won’t be able to work for Firm Y

This is, almost without exception, total baloney – for the top 10 or so b-schools in America. There are many things driving MBA students to attend certain schools. Maybe the school is close to their family or has a particular program that draws them in. Most firms will not exclude you simply because you are not at their top recruiting school. Most firms that recruit multiple MBA interns, especially in management consulting, will look more for breadth of schools rather than depth. At my Bain New York sell weekend, over 8 schools were represented out of 20 or so folks, including Booth, Kellogg, HBS, Stanford, Columbia, Stern, Ross, and Yale.

This brings up another interesting point. Who are your peers? Who can you stand out against? You’re arguably better off being the best applicant at a top 15 school than the 15th best at Harvard. Behavioral economics strikes again – business school recruiting is still all relative. You will be compared more closely with your classmates than with applicants from other schools.

So the key point I am making here is – don’t pick your school based on the ‘best’ school you can get into. Pick the school you think fits you best, and you WILL excel there, placing you much better for the brutal recruiting process.

2. It matters what I can learn, not who else goes there

Let me help you out here. WRONG. You are getting an MBA. Not a Master’s degree in finance, operations, strategy or any other specific business discipline. MBAs are SUPPOSED to be general, to prepare you for a career in which you have a broad business perspective as well as some specialist skills. I was having a conversation with an Admit who was likely basing her choice to attend another business school on a specific class/area, despite admitting she had broad interests. I think it is ok to choose a business school based on whether they offer support for Entrepreneurship, or they have well-respected Finance classes. But think twice about choosing a school based on their expertise in retail operations supply chain excellence. It’s just too specific for what you’re aiming for in an MBA.

So as I am constantly reminded at Booth (by an art installation in the main building):

Why are you here, and not somewhere else? And in this case, why are you at b-school, and not somewhere else?

Let’s assume that every school you are looking at has a comparable program, based on the arguments above. If you got into a school that doesn’t have a good program for you – why did you apply? So let’s say the two outstanding variables are job and network, two absolutely key assets acquired at business school.

Here’s a good way to think about it.

That’s all from me. You will have a great time at any business school, but please choose the school that feels like home. You will always know you made the right decision!

SamB


For more on Samantha’s business school experiences, visit her blog at http://telegramsamb.blogspot.com.

Advertisements
This entry was posted in Admissions, Business School, Guest Blogs, MBA Programs, School Selection, Tips & Hints and tagged , , , . Bookmark the permalink.

5 Responses to Making Your Business School Decision

  1. Emily says:

    Thanks for the helpful thoughts here!

  2. Olympia says:

    Yes it is true that if you are going to be a businessman or even working professionals, you need to have knowledges in all areas. not just specific on marketing or finance. too specific course might contain your knowledge.

  3. bhushan says:

    THANKS A LOT.. REALLY NICE POST..
    KEEP POSTING…
    MBA, BBA

  4. Chiara says:

    In the end what matters most is really your objective coming out of bschool… but unless you have something very specific in mind (e.g. I want to be a hedge fund manager), I agree that a broad course of study is to your advantage. Actually… even if you do have a very specific career goal, you should probably take subjects outside that silo in order to get a broader perspective.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s