Bottom Line on Choosing an MBA Program

If you're not already on Linked In, why not? LI is an essential tool for research and professional networking. One of LI's best features is the "Answers" tab, a powerful gadget for capturing high quality information, enhancing your professional credibility, and expanding your network of bona fide contacts. Here's an example of a recent Q & A relevant to b-school applicants. The question was posed by Christian Schmied. John Acheson makes a very good point.

Christian Schmied

Student at Rensselaer Polytechnic Institute - The Lally School of Management and Technology

MBA Insights

I'm currently applying to a few MBA programs including Stanford, MIT Sloan School, and Rensselaer Lally School .... when deciding to pursue an MBA at various universities, what would you say are the most important aspects to consider (reputation, specialized programs, career connections, etc.)??

John Acheson, MBA

Micropreneur

The most important aspect of any investment (you'll be dropping $100K plus 2,000 or more hours) is payoff.

I overlooked the most important component of payoff when I chose my MBA program based on up front costs instead.

On the back end there was nothing waiting and of the 83 companies I applied to only 3 or 4 added extra value for a MBA.

For payoff, you need to ask yourself:
- what companies are ACTIVELY COMING ON CAMPUS and SPECIFICALLY HUNTING DOWN MBA GRADUATES?

- what majors are those companies looking for? i.e. all businesses have 5 functional areas: HR, ops, mgmt, legal/IT and sales/marketing

- what skills are those potential employers looking for?

- which teachers or administrators are connected to the companies that come on campus?

Before you apply, spend several hours at the career center and SPECIFICALLY ASK ABOUT MBA opportunities because you'll quickly notice that companies may prefer hiring computer science majors, BA in accounting majors, engineering majors, etc.

ALSO spend extensive time studying your dept or major. For example, ISYS. What companies are those ISYS faculty members and office folk connected to. What network will you tap into?

For example, if you want to tap into the Silicon Venture Capital network you would chose Stanford and major in Finance. If you want to tap into the auto industry, you may double major in engineering and apply to MIT if you want to work for a DOMESTIC automaker. If you want to work for Toyota or Honda, you may have to apply to a program in Japan.

IF NO firms from the sector, industry or line of business you're interested in are ACTIVELY recruiting at your target schools, why apply???

Just for the name???

Thanks for stopping by,
Doug

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