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From: SANFORDK1
Date: 4/5/07
I'd say this post is right on:altho recruting stats may blur the importance of what job you had B4 attending school, which in HF and PE is key. Not sure how this addresses issue of MIT v. W, tho, b.c. much of what he says about culture at W is also true at MIT, I think, and even at H, altho campus and grounds at H are 1000 percent better than W or M, b.c. most kids live on campus, and the tunnels and fancy buildings are inherent camaradie builders.
The issue under addressed is how hard is it to get a PE or HF gig coming out of MIT? Anyone?
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From: WHARTONITE07
Date: 2007-04-04T15:09:59
I was in the same boat two years ago. I wanted to go to H/S, but got into W/MIT. I ended up picking Wharton. I would say there is a fairly large contingent of folks I have met at Wharton who were in a similar boat. The two schools most Wharton folks were choosing between were MIT and Kellogg.
As a near graduate, I have to say there are some pros and cons going to Wharton. Looking back however, I still would have picked Wharton even though there are some real negative points to the program at this point in time.
PROS: The name brand is much better than people in the chat room give it credit for. Wharton is a recruiting powerhouse. Those numbers for Mck,BCG,Bain,Goldman ect. are no indication of the number of the offers we get (they are offers accepted). For the most part, these company's have much lower yield with our students than they probably would with a lesser ranked school. I doubt McKinsey converts over 60% of the offers it makes. In my class we had over 75 students do a summer at PE/HF. These guys get lots of McK offers and virtually nobody takes them. McK gave out over 100 full time offers to my class. Only about 50-60 take them.
I went the PE route this fall and noticed that most funds exclusively recruit at H/S/W. Blackstone, KKR, Caryle, TPG, etc. My guess of the offer allocation is H=60%, S=25%, W=15%. Thats not great for Wharton considering its size. On the Hedge Fund side with top mega funds ($5B+) I would say its more like H=40%, W=40%, S=10%, Other M7=10%. I went to 10 final rounds and these are the dudes I ran into every time. Incidentally you can go to 9 final rounds and walk out empty handed.  E is really tough.
Another interesting thing is we have a strong Healthcare and Real Estate program. These folks come in super focused on these sectors and really do not recruit anywhere else. Often they have other professional degrees or are sponsored by their companies. Strangely I also meet a bunch of folks taking over family businesses/enterprise. These guys also relieve job competition.
So if you are not looking for a job internatinally, not in healthcare, real estate, pe, hf, vc or pe, then you stand in a minority at Wharton.  robably only 30-40% of folks are Americans looking for typical consulting jobs, banking, indsutry, marketing, tech.
These jobs are super easy to get with the vast majority of folks at Wharton getting a top name brand job. Even the really stupid ones that I puzzle over.
I did my summer job at McKinsey San Francisco. The office was 95% staffed with HBS, Stanford and Wharton. Incidentally SF is the toughest offer to get from any consulting firm. You will see what I mean when you get to Bschool.
My roomate is going to work for Xbox. He said Wharton is the #1 represented school at MS. Also Google hands out offers to Wharton by the truck load. All of the top tech firms recruit at Wharton and give plentiful numbers of offers.
Also Wharton is not a one trick pony finance school. That is retarded. Nobody gets to be a top 5 business school by being good at only one thing. Thats like saying Harvard does not produce good finance guys. Or that Stanford only produces entrepreneurs. EVERY admissions office looks for diversity. There are many people in my class that SUCK at finance. You can avoid finance all two years at Wharton if you want to.
Program /Classes: Overall I give it an A-.
We have a huge list of classes you can take. The breadth and depth is astonishing. This semester I took a real estate class that teaches you how to acquire environmentally tarnished land and develop it. We have a lab every week where we learn general contracting skills and work with power tools.
My girlfriend is taking an estate planning class. They teach you how to pass down wealth tax free to your children.
You will have a chance to take classes on topics you didn't even know that existed.
CONS:
Wharton is not a school that fosters comaraderie. The student body has an akwardly contentious relationship with the administration. Wharton is a place that fosters absolutely no culture or sense of Wharton identity. I think that H/S/Tuck/Kellogg do any amazing job at fostering community.
I give Wharton a D- on this measure.
90% of us live in high rise or brownstone apartments in Center City and commute to campus. Huntsman Hall is basically a MBA shopping mall complete with escalators. Wharton feels alot like going to a job. You have your own life at home and then you commute in at 9 and out by 3. You can go two years at Wharton without making any meaningful friendships. It can be quite a lonely place for some. That said if you are outgoing and try, you can make lots of friends. Albiet Wharton is a very clicky place due to its commuting nature. Nobody hangs out on campus. So if you have no friends, its back to your apartment for you after class and Friday-Sunday.
Wharton is NOT a leadership school. It is just not what the schools cares about. We are an academic school with dozens of specialties. Wharton is a place where you can learn anything you want about a specific subject in a highly pragmatic way. Wharton is a great place for folks who know what they want to learn, are already somewhat experts in their fields and want to dive in deeper into a specific subject. This is not a touchy feely leadership seminar like HBS. Its just totally different.
That said, Wharton does admit lots of folks with amazing leadership experiences. We have a list of hundreds of CEOs alum in top companies in virtually every industry. Go to the Wharton program office and pick up an alumni brochure. You will be amazed by the list of business leaders yielding a Wharton degree. This is not CFO/banker school as many idiots on BW claim. I think only HBS rivals our list.
I would argue that Wharton did not teach these guys anything about leadership. They were leaders by heart already and Wharton gave them other edges that helped them flourish.
SO in summary Wharton is good for the following types of people:
1. Care about brand in corporate recruiting (not to impress grandma and her friends. Might as well go to Yale then)
2. Do not have delusions about bschool making you into a leader (HBS produces alot of leaders; as does Wharton, simply because they admit alot of them).
3. Have a strong sense of what you want to learn and are looking to dive very deep into subject matter.
4. Are a selfstarter socially. Wharton will not hand over friends and fun like other schools. That is up to you.
5. Can handle quantitative stress. (this doesn't mean you have to be good at math. But the program will test your nerves if you are not at least in the first 90 days).
6. Can deal with a super annoying admistration. |
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