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5 Things you may not know about Top Business Schools

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5 Things you may not know about Top Business Schools [#permalink] New post 27 Oct 2009, 00:24
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Somewhat entertaining article published by Christian Science Monitor. I like that they called it "5 things you don't know about top MBA programs" - a bit bold for this group :wink:
This is related to this thread: economist-com-rankings-85367.html


The Economist recently released its annual rankings (subscription required) for the world’s top MBA programs. While weighing the relative merits of titans like the Sloan School at MIT and the Haas School at the University of California-Berkeley is tough enough, adding international programs from Spain to Singapore muddies the waters that much more. By combing through the numbers, though, several interesting facts come to light.


1. You’ve never heard of the most competitive MBA program:

What? Everybody knows it’s Harvard/MIT/Chicago/Wharton. Good guesses. All wrong. With 680 applicants for every one of its 297 spots, the International Institute of Management in Ahemdabad, India is the world’s most competitive MBA program and 99th best worldwide. While most of its graduates go on to careers in India, its career services placed 8th of all MBA programs and boasts McKinsey Co. and Monitor Group (alongside now defunct Lehman Brothers) as its principal recruiters. With a price tag of just over $20,000 per year (versus over $50,000 at Stanford), maybe even some American MBA students will be looking to a new eastern locale for their graduate education.

2. The best program is … affiliated with Opus Dei?

The IESE Business School at the University of Navarra in Barcelona took home the Economist’s top spot. The Opus Dei connection has more to do with business ethics than Dan Brown-esque intrigue, though. While European business students tend to have twice as much work experience as American students, according to the report, IESE came in second on immediately boosting students’ incomes from their pre-MBA level. (The Joseph M. Katz school at the University of Pittsburgh was first.) The cost? Writing seven admissions essays and plunking down a cool $99,813 for the 19-month program.

3. Have deep business experience? Go UK:


Ranked by post-MBA salary, five of the top 10 programs are in the United Kingdom. Like Ashridge, the top MBA for salary growth, many top European programs focused on executive MBA training grounds before expanding standard MBA education. Thus, their deep experience working with seasoned managers can take them the extra mile.

4. American business grads take care of their own:

Of the top 25 schools with top alumni effectiveness, 21 are American, led by the Tuck School at Dartmouth College, Stanford University, and the Mendoza College at Notre Dame. Founded in 1900, Tuck is the world’s oldest business school and has a honed curriculum that focuses on building students’ ability to work both within teams and intimately with faculty members. Those personal connections may be something what translates into alumni who will really go to bat for freshly-minted grads.

5. Head down under for a top student experience:

Monash University in Caulfield East, Australia, claimed the top ranking for personal development and educational experience. It’s superlative only in the quality of one’s eventual MBA colleagues (where it ranks 3rd). It isn’t barn-burning in any other category – 15th in faculty quality, 17th in diversity, and 25th in educational experience – but in aggregate these strong showings build a cohesive whole. The trade-off? Its post-MBA salaries lie in the bottom quarter of schools surveyed.

Source: http://features.csmonitor.com/economyre ... -programs/

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Re: 5 Things you may not know about Top Business Schools [#permalink] New post 27 Oct 2009, 03:22
Typo -It's not International Institute of Management but Indian Institute of Management in Ahmedabad
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Re: 5 Things you may not know about Top Business Schools [#permalink] New post 27 Oct 2009, 07:34
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mehulsingh wrote:
Typo -It's not International Institute of Management but Indian Institute of Management in Ahmedabad


Wow, this article is really going downhill.

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Re: 5 Things you may not know about Top Business Schools [#permalink] New post 27 Oct 2009, 10:25
Total expenses at IIM-A - consist of tuition, library, computer, room, teaching material, and other fees (excluding personal expenses on travel, clothes and laundry) are about Rs.12,50,000.

which is around 25,000 USD so its not 20,000 USD per year but 25,000 USD for 2 years including living expenses
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Re: 5 Things you may not know about Top Business Schools [#permalink] New post 08 Sep 2010, 04:52
Though very late, I would like to know more about Ashridge in terms of how it is seen by all of us and business community.
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Re: 5 Things you may not know about Top Business Schools [#permalink] New post 08 Sep 2010, 21:46
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What? Everybody knows it’s Harvard/MIT/Chicago/Wharton. Good guesses. All wrong. With 680 applicants for every one of its 297 spots, the International Institute of Management in Ahemdabad, India is the world’s most competitive MBA program and 99th best worldwide. While most of its graduates go on to careers in India, its career services placed 8th of all MBA programs and boasts McKinsey Co. and Monitor Group (alongside now defunct Lehman Brothers) as its principal recruiters. With a price tag of just over $20,000 per year (versus over $50,000 at Stanford), maybe even some American MBA students will be looking to a new eastern locale for their graduate education.


INDIAN Institute of Management, lol. Epic fail by this article. And I have heard about it, so whee! IIM-A does have a strong tie up with McK, but most IIM grads don't enter McK as an associate post MBA like the US grads - they enter as a Junior Associate, or something like that. Not sure about the specifics, but it's one spot lower.
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Re: 5 Things you may not know about Top Business Schools [#permalink] New post 09 Sep 2010, 01:04
IIMA is indeed very competitive school.

There may be couple of reasons why it's not ranked in global top 100 such as
- very less % of international students and less % of international faculty.(Lacking in class and faculty diversity)
- Admission to full time MBA is not based on international test such as GMAT or/and GRE. (It uses CAT test for admission )
- Less selection choice of electives and less flexibility in curriculum.
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Re: 5 Things you may not know about Top Business Schools [#permalink] New post 09 Sep 2010, 04:36
PranavChamp wrote:
IIMA is indeed very competitive school.

There may be couple of reasons why it's not ranked in global top 100 such as
- very less % of international students and less % of international faculty.(Lacking in class and faculty diversity)
- Admission to full time MBA is not based on international test such as GMAT or/and GRE. (It uses CAT test for admission )
- Less selection choice of electives and less flexibility in curriculum.


BB: Please correct the name of IIM-A

Pranav: I do not think your 2nd point is valid for this. The major issue behind is the intervene of the Govt. in terms of reservation.
I do agree with your 1st and 3rd reason.
I must say IIM-A is preferred over any B-school in the world by an Indian. Its very competitive. I wish IIMA could have the prestige like stanford/harvard and that is only possible when the selection is based on merit and application , not on the basis of reservation.

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Re: 5 Things you may not know about Top Business Schools [#permalink] New post 09 Sep 2010, 07:45
gurpreetsingh wrote:
PranavChamp wrote:
IIMA is indeed very competitive school.

There may be couple of reasons why it's not ranked in global top 100 such as
- very less % of international students and less % of international faculty.(Lacking in class and faculty diversity)
- Admission to full time MBA is not based on international test such as GMAT or/and GRE. (It uses CAT test for admission )
- Less selection choice of electives and less flexibility in curriculum.


BB: Please correct the name of IIM-A

Pranav: I do not think your 2nd point is valid for this. The major issue behind is the intervene of the Govt. in terms of reservation.
I do agree with your 1st and 3rd reason.
I must say IIM-A is preferred over any B-school in the world by an Indian. Its very competitive. I wish IIMA could have the prestige like stanford/harvard and that is only possible when the selection is based on merit and application , not on the basis of reservation.


how can i forget reservation issue??? :P thanks for reminding.
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Re: 5 Things you may not know about Top Business Schools [#permalink] New post 29 Apr 2011, 06:07
IIMs (10 in all, and a few more coming up) rely on CAT but they also accept GMAT. The odds of getting into IIM-A would be greater than odds of getting into Harvard, Stanford, Wharton.........combined. While reservations suck, there a couple of other not-so-favorable things - their 100% dependence on entrance exam to get a call for group discussions and interviews. Also, the student body is much younger with no work experience or may be a year or two atmost. The last thing is the lack of diversity - though they are showing some improvement in this regard.

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Re: 5 Things you may not know about Top Business Schools [#permalink] New post 29 Apr 2011, 09:20
and Wharton, not Dartmouth, is the oldest collegiate business school in america
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Re: 5 Things you may not know about Top Business Schools [#permalink] New post 08 May 2011, 05:54
ardk wrote:
The odds of getting into IIM-A would be greater than odds of getting into Harvard, Stanford, Wharton.........combined.


I meant to say, the odds of getting into IIM-A would be lower than that of the world's top 3 schools combined. I guess it's time to brush up my probability concepts !!

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Re: 5 Things you may not know about Top Business Schools   [#permalink] 08 May 2011, 05:54
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