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Choosing between Schools
I disagree entirely with Jon. There are a myriad of reasons to go to business school, and not all of them lead down the same path (choose the best school you can).
For example, one might go to business school to 1) network 2) improve job prospects in a particular function, industry or geography 3) learn business skills 4) develop leadership skills
If you want to do 1) (network) , you need to choose a school where you're a good for the culture. Nothing makes networking less effective, than trying to network with people you don't click well with.
If you want to do 2) (improve job prospects), it depends on what you want to do. If you want to work in the Media, it might make less sense going to HBS, than going to a school like Columbia. Simply because Columbia has far stronger contacts in the Media than HBS. Similarly, if you want to work in London, why choose Stanford over LBS? It makes no sense.
Finally, there is the issue of scholarship money. Say you want to work in the media. Would you rather go to a school where you have no debt and no loans, freeing you up to do what you want immediately, or go to a school where you take bigger loans and are forced to work in an industry you may not enjoy, because 'in the grand scheme of things' this doesn't matter? Personally, I choose to work in the industry I enjoy. If the money allows me to do that, I'll take it.
If you want to do 3) (learn), remember that school's brands are often built up by hiring star professors who focus on publishing famous research. These professors don't teach much. So you go to great schools and end up learning from new associate professors who might be smart, but is not what you signed up for. On the other hand, less competitive schools force their professors to teach more; they may also focus more on teaching as a competitive advantage. All reasons to think carefully before blindly 'choosing the best school'.
Finally, if you want to do 4) (develop leadership skills), culture is important. A school like Wharton has a culture where students can lead many clubs. Some other schools may not. Some schools may have few clubs, and not offer many opportunities. Some schools may not care at all about student leadership.
Of course, most people want to do a combination of 1), 2), 3) and 4). I'm not saying to NOT go to the best school you can. But a conscientious professional needs to think carefully about how he's choosing, and what that will achieve.
Choose wisely. Don't simply "go to the best school you can". |
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