Find all School-related info fast with the new School-Specific MBA Forum

It is currently 16 Sep 2014, 18:05

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

European Business Schools vs. second tier US Business School

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
1 KUDOS received
Intern
Intern
avatar
Joined: 18 Feb 2012
Posts: 4
Followers: 0

Kudos [?]: 1 [1] , given: 0

European Business Schools vs. second tier US Business School [#permalink] New post 24 Oct 2012, 06:49
1
This post received
KUDOS
I have a question about 'Value for Money' about US Business Schools which I personally count to the second tier, such as BU School of Mngmt, Foster, Tepper, McDonough, etc.

Afaik these schools are roughly just as expensive as schools like H/S/W, Haas, Sloan, etc. Important reasons for me to do an MBA are the alumni networks, career services resp. which companies hire on-campus, and the faculty. With this viewpoint, would you rather apply to one of these schools or to schools like IE, IESE, IMD, INSEAD in Europe?

Please keep in mind that location of the school, prospective location of work (i.e. 'depends where you want to work afterwards'), and program length (1y vs 2y) should not be taken into consideration when answering this question.
1 KUDOS received
Senior Manager
Senior Manager
User avatar
Joined: 30 Jul 2012
Posts: 340
Concentration: Finance, Economics
GPA: 4
Followers: 11

Kudos [?]: 111 [1] , given: 215

Re: European Business Schools vs. second tier US Business School [#permalink] New post 24 Oct 2012, 08:50
1
This post received
KUDOS
marc000 wrote:
Please keep in mind that location of the school, prospective location of work (i.e. 'depends where you want to work afterwards'), and program length (1y vs 2y) should not be taken into consideration when answering this question.


There is no way to answer the question without taking into account the location of future work. Like you said, you want to do an MBA for its alumni network, career services, companies that hire on-campus, and so on. You will get a lot of benefit, or none at all, depending on location. Trust me, you don't want to look for jobs in Wall Street with a degree from, say IESE, or in London with a degree from, say BU.

Programme length is probably less important IMO. For a 2-year degree you need to be "young" (<30 I would say) or looking for a career change.
Expert Post
1 KUDOS received
MBA Admissions Consulting
avatar
Joined: 08 Oct 2011
Posts: 61
Followers: 3

Kudos [?]: 14 [1] , given: 0

Re: European Business Schools vs. second tier US Business School [#permalink] New post 25 Oct 2012, 00:05
1
This post received
KUDOS
Expert's post
The biggest distinction between the so-called "second tier" US schools and the EU schools you mention is that the European programs are elite for their region, whereas those U.S. schools are merely "regional." It's almost impossible to divorce where you want to work in the future from the equation. As the previous poster mentioned, if the region is right, any of these programs could be as well. (For someone who wants to work in Austin for an emerging tech startup, McCombs is probably just as good of a pipeline as HBS.) However, what you want to think about is what has the broadest appeal and that's going to be a top flight EU program in most cases - unless you can pinpoint a region of the US and then find a corresponding b-school. One trick that many employ is they turn their EU adventure into a 3-5 year experience. 1-2 years in an MBA program, followed by a few years working abroad in a big firm, and then transitioning to the market you really want to be in.

Of course, a program like INSEAD can support placement all over the world, which leads to another point: you seem to imply that getting into INSEAD would be like getting into Tepper, but that's not likely to be true. Some of the EU programs you mentioned behave more like second tier programs from a selectivity standpoint, but a place like INSEAD behaves like a top 10 for sure.

Anyway, we have more thoughts on the value of looking abroad for an MBA, even if you were someone who initially was considering only US programs. You can check it out here: http://educatedoutcomes.wordpress.com/2 ... in-europe/

Hope this is helpful.

Cheers,
-Adam/Amerasia
Expert Post
1 KUDOS received
Admissionado
User avatar
Joined: 30 Nov 2009
Posts: 3220
Location: Chicago, IL
Schools: Brown University, Harvard Business School
Followers: 44

Kudos [?]: 535 [1] , given: 29

GMAT Tests User
Re: European Business Schools vs. second tier US Business School [#permalink] New post 30 Oct 2012, 08:50
1
This post received
KUDOS
Expert's post
marc000 wrote:
Thank you for your replies, they were already helpful. In order to clarify: I am European (Swiss) and I am absolutely open to where I want to work after graduation. I could imagine to work in the U.S. just as I could imagine to start in London, Paris, or even go back to Zurich. This is why I asked to leave this factor out. But I get your point, that I have to give this aspect a better thought.

Maybe I can rephrase my question in order to get more insight: Imagine you are European and wanted to study primarily in the U.S. However, you are also open to study (and work afterwards) in Europe, so you apply correspondingly. Let's say you choose to apply to Sloan, GSB, INSEAD, and IE. Now you get rejected from all but IE. Would you take the spot or would you give some other US Schools (Tepper, McDonough, etc.) another try for the second application round?


In this hypothetically neutral situation, then I would go to IE. Having the guarantee in a top-ranked European program as opposed to taking your chance with a second Tier American program. I don't necessarily agree that all US programs are better than all European programs. Rankings and perceptions tend to be very America-centric (in a certain sense understandably enough), but let's not forget that you aren't doing an MBA just to have a pretty piece of star=spangled paper on your desk, but to advance in your professional career. And it's not as if there aren't good jobs to be had in Europe!

Which brings me to my next point: I don't think you can "Compare American schools with European schools", you can only think about individual situations and individual institutions in relation to your specific goals. So, for example: are you referring to Tepper? OR To McDonough? Or to which other US school? (each one I would consider separately, and not as "US vs. Europe") Then I would think about where I might want to live, where I would be most challenged? Do I want to take advantage of the languages I already speak (and for example go to a French speaking program?) Or Do I want to immerse myself in a new language? And what about my wife? What does she think? Or will I be unhappy with a European experience because I really want an American one?

There are many other questions to think about, and I don't believe that are either any easy answers, or any general truths. A decision like this needs to be thought deeply, and then once you decide, enjoyed :)
_________________

Jon Frank
Founder, Admissionado

Admissionado.com

If you like the post, give it a KUDOS!

Intern
Intern
avatar
Joined: 18 Feb 2012
Posts: 4
Followers: 0

Kudos [?]: 1 [0], given: 0

Re: European Business Schools vs. second tier US Business School [#permalink] New post 25 Oct 2012, 01:44
Thank you for your replies, they were already helpful. In order to clarify: I am European (Swiss) and I am absolutely open to where I want to work after graduation. I could imagine to work in the U.S. just as I could imagine to start in London, Paris, or even go back to Zurich. This is why I asked to leave this factor out. But I get your point, that I have to give this aspect a better thought.

Maybe I can rephrase my question in order to get more insight: Imagine you are European and wanted to study primarily in the U.S. However, you are also open to study (and work afterwards) in Europe, so you apply correspondingly. Let's say you choose to apply to Sloan, GSB, INSEAD, and IE. Now you get rejected from all but IE. Would you take the spot or would you give some other US Schools (Tepper, McDonough, etc.) another try for the second application round?
Expert Post
MBA Admissions Consulting
avatar
Joined: 08 Oct 2011
Posts: 61
Followers: 3

Kudos [?]: 14 [0], given: 0

Re: European Business Schools vs. second tier US Business School [#permalink] New post 25 Oct 2012, 23:32
Expert's post
I would take the spot at IE in the hypothetical you proposed. I would rather have a top MBA under my belt and then use work to take me to a new and interesting location. Sure, school is more fun than work, but you can still enjoy a new experience as a professional. It's just that your MBA is your last chance to achieve educational momentum and finish strong with a brand that opens doors. If you go to Tepper and then get a job in Philadelphia working in finance, what happens when you want to go back to Europe? No one will even know what Tepper is. I would say to set your line at basically the UCLA/Duke/Darden type programs. If you can't get into a U.S. program in the top 15, with national and international reach, then grab a top flight MBA in Europe. That's my take on it. Of course, this is all starting to assume a lot and sound like it's all as easy as taking candy from a baby, when in reality, all these schools are selective.

Anyway, good luck to you!

Best,
-Adam/Amerasia
Manager
Manager
avatar
Joined: 14 Feb 2011
Posts: 70
Followers: 1

Kudos [?]: 1 [0], given: 2

GMAT ToolKit User
Re: European Business Schools vs. second tier US Business School [#permalink] New post 26 Oct 2012, 09:40
marc000 wrote:
Thank you for your replies, they were already helpful. In order to clarify: I am European (Swiss) and I am absolutely open to where I want to work after graduation. I could imagine to work in the U.S. just as I could imagine to start in London, Paris, or even go back to Zurich. This is why I asked to leave this factor out. But I get your point, that I have to give this aspect a better thought.

Maybe I can rephrase my question in order to get more insight: Imagine you are European and wanted to study primarily in the U.S. However, you are also open to study (and work afterwards) in Europe, so you apply correspondingly. Let's say you choose to apply to Sloan, GSB, INSEAD, and IE. Now you get rejected from all but IE. Would you take the spot or would you give some other US Schools (Tepper, McDonough, etc.) another try for the second application round?


I think you should better clear up your plans for yourself: industry->country and according to these plans choose the program. The only important thing (IMO) in MBA how it will help you in your future. MBA for MBA is nothing! E.g. U want to find job in Wall Street -> US schools and maybe LBS. Nothing else in Europe could be useful. Even 2 tier US Progam like Tepper will be more beneficial for you than INSEAD.

If you want my opinion in general I would say that 2nd tier MBA programs in US are much better than all MBA programs in Europe (except INSEAD, LBS and maybe IMD). Hence US Top programs are the best in the world and cannot be compared with European MBA programs. But it is general view, if U have some specific idea about post MBA job -in this even IE in Spain could be better than HBS. And one more advice - do not trust rankings, they are very tricky...
Senior Manager
Senior Manager
User avatar
Joined: 30 Jul 2012
Posts: 340
Concentration: Finance, Economics
GPA: 4
Followers: 11

Kudos [?]: 111 [0], given: 215

Re: European Business Schools vs. second tier US Business School [#permalink] New post 29 Oct 2012, 07:13
If I may suggest, it seems like your goals could be narrowed down a bit. Doing an MBA is a very intensive and expensive experience, so you should try to know what you want to get out of it asap. And yes, I think you need to make up your mind if you want to work in the US or in Europe first, and then choose schools accordingly You seem to be choosing schools and once accepted, let this decide the faith of your future career.
Re: European Business Schools vs. second tier US Business School   [#permalink] 29 Oct 2012, 07:13
    Similar topics Author Replies Last post
Similar
Topics:
Stern Students Help Make Stern A Second Tier Business School nink 5 09 Mar 2009, 12:34
Economist article on European business schools Rubashov1 3 28 Jan 2008, 08:28
US vs European School? Puilunchristin 1 25 Jul 2005, 14:12
European Vs US schools just4fun 4 25 Jul 2005, 12:50
European vs US schools artabro 13 02 Feb 2005, 02:19
Display posts from previous: Sort by

European Business Schools vs. second tier US Business School

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.