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# In retrospect....

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Director
Joined: 14 Sep 2007
Posts: 908
Schools: Kellogg '10
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Re: In retrospect.... [#permalink]  24 May 2011, 12:14
1
KUDOS
The basic point here around the different recruiting timelines is that you have to commit to one or the other: early traditional versus late non-traditional.

You can't do both (successfully) and not break the rules. Accepting an offer from on-campus and continuing to recruit is considered a big no-no.

Plenty of people will set their sights really high on traditional ("only McKinsey" or something like that) and if unsuccessful go the non-traditional route later in the school year.
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Manager
Joined: 06 Jul 2007
Posts: 161
Schools: CBS, MIT, Kellogg, Wharton
Followers: 3

Kudos [?]: 6 [1] , given: 5

Re: In retrospect.... [#permalink]  01 Jul 2011, 18:15
1
KUDOS
Very interesting post. My experiences are similar – a brand name school will get you an interview but nothing more.

However, I always imagined the MBA situation would be different, i.e. rank would matter. Let me step back and explain my situation and perspective, before I make my argument

After spending a year in M&A as an Analyst, I switched careers to MC. I am employed by a young European multiservice MC firm based in NYC that is making efforts to establish itself in the US market and compete with top strategy and op consultancies. In true European fashion, my employer does not require an MBA degree for advancement past the Senior Consultant level. I am very happy with life at my company: very flat team structure, lots of responsibility / client interaction / freedom, great colleagues. Life is good and I might even make Senior Consultant (MBA entry point) in a year or so.

That being said, I am still considering applying for an MBA (and I want to stay in MC post-MBA). My reasons are the following:

1- Add quality and quantity to my network (contacts are a shockingly important thing in a young MC organization trying to expand its client base and pipeline; very likely the case in many other MC firms too)

2- Improve credibility and saleability as a consultant

3- Gain the prestige of a Top10 school so I can speed up the wife-finding process. Kidding.

I won’t be a career changer so a school’s job placement statistics (i.e. rank, implicitly) won’t matter too much to me. However, I still feel rank will make a significant difference. Considering 1 and 2 above, wouldn’t rank clearly matter? Any of the Top20-25 schools can land you an interview with an MC firm outside of M/B/B. However, I see credibility and power of network as the two factors that have the most spectacular impact on one’s career. And they are both a function of rank.

I’d appreciate everyone’s perspective.
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Joined: 12 Feb 2010
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Re: In retrospect.... [#permalink]  06 May 2011, 11:43
Senior Manager
Joined: 18 Jun 2010
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Schools: Chicago Booth Class of 2013
Followers: 21

Kudos [?]: 154 [0], given: 194

Re: In retrospect.... [#permalink]  06 May 2011, 12:26
rhyme wrote:
#5: Take good professors not good classes
------------------------------------------
Personal experience here but a good professor a good class makes. Simple.

Rhyme, very good advices, but one question:
how do first year students usually get personal experience of Booth's professors?
Senior Manager
Joined: 04 Dec 2009
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WE: Consulting (Consulting)
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Re: In retrospect.... [#permalink]  06 May 2011, 13:23
Thought you quit, rhyme
Manager
Joined: 23 Sep 2010
Posts: 234
Location: United States (MN)
Concentration: Entrepreneurship, Marketing
Schools: Harvard Business School - Class of 2013
GMAT 1: 750 Q48 V45
GPA: 3.67
WE: Supply Chain Management (Consumer Products)
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Kudos [?]: 46 [0], given: 14

Re: In retrospect.... [#permalink]  06 May 2011, 14:13
Great post rhyme. Thanks! I'll be sure to check out that More than Money book soon!
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Intern
Joined: 25 Apr 2011
Posts: 31
Location: United States
Concentration: Finance
GMAT 1: 710 Q45 V42
GPA: 3.11
WE: Corporate Finance (Entertainment and Sports)
Followers: 0

Kudos [?]: 6 [0], given: 6

Re: In retrospect.... [#permalink]  06 May 2011, 14:17
Great post!!

Question for you (or anyone else) about rankings:

You said they don't really matter in the end, however, I've been struggling with this question and wonder which way I should go:

Pepperdine MBA vs. UCLA MBA

I'm looking at the fully-employed programs at both schools. Under normal circumstances, it would be a no-brainer for me (UCLA!). However, I have the opportunity to complete my MBA at Pepperdine 18 months earlier and with $60,000 savings over UCLA FEMBA. If I was younger, this decision would be much easier (UCLA!), however, I will be close to 39 years old (!!) when I enter either program. So I am unsure if a degree from UCLA would give me as much benefit over a Pepperdine degree (job-wise) as it would for a much younger candidate. Any thoughts? Manager Joined: 05 Jun 2007 Posts: 101 Followers: 5 Kudos [?]: 33 [0], given: 8 Re: In retrospect.... [#permalink] 06 May 2011, 14:47 Fantastic post! Retired Moderator Status: Darden Class of 2013 Joined: 28 Jul 2009 Posts: 1838 Schools: University of Virginia Followers: 20 Kudos [?]: 237 [0], given: 37 Re: In retrospect.... [#permalink] 06 May 2011, 15:11 As always, insightful and to a t! _________________ Intern Joined: 12 Apr 2011 Posts: 10 Followers: 0 Kudos [?]: 0 [0], given: 0 Re: In retrospect.... [#permalink] 06 May 2011, 15:15 this is really cool. thanks! Manager Status: Darden Class of 2013 Joined: 15 Nov 2010 Posts: 103 Location: Israel Schools: Duke (R1-int/WL), UCLA (R1), Haas (R2-int/WL-ding), Cornell - R3 (Accepted with$\$), , Darden Class of 2013 (R2)
WE 1: 4 years non profit management
WE 2: 2 years real estate
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Re: In retrospect.... [#permalink]  06 May 2011, 23:01
Thanks for the post!
Founder
Affiliations: AS - Gold, UA - Silver, HH-Diamond
Joined: 04 Dec 2002
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Location: United States (WA)
GMAT 1: 750 Q49 V42
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WE: Information Technology (Hospitality and Tourism)
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Kudos [?]: 13463 [0], given: 3864

Re: In retrospect.... [#permalink]  07 May 2011, 07:39
Expert's post
Thanks for posting - Really really good stuff!!!!

P.S. you have just gone over the 1,000 kudos milestone!
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Status: Nothing comes easy: neither do I want.
Joined: 12 Oct 2009
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Re: In retrospect.... [#permalink]  07 May 2011, 07:47
bb wrote:
Thanks for posting - Really really good stuff!!!!

P.S. you have just gone over the 1,000 kudos milestone!

I second that with mine...

very good post.
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VP
Joined: 11 Dec 2006
Posts: 1430
Location: New York, NY
Schools: NYU Stern 2009
Followers: 40

Kudos [?]: 219 [0], given: 6

Re: In retrospect.... [#permalink]  07 May 2011, 10:47
bb wrote:
P.S. you have just gone over the 1,000 kudos milestone!

That'll be why he came back.
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Senior Manager
Joined: 19 Nov 2006
Posts: 256
Location: Washington, DC
Schools: Ross 2010
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Kudos [?]: 17 [0], given: 1

Re: In retrospect.... [#permalink]  08 May 2011, 18:33
As a post-MBA completely agree with everything Rhyme said.
Intern
Joined: 29 Mar 2011
Posts: 48
Location: Sweden
Concentration: Strategy, Finance
GMAT 1: 760 Q49 V47
GPA: 3.65
WE: Sales (Insurance)
Followers: 1

Kudos [?]: 11 [0], given: 5

Re: In retrospect.... [#permalink]  12 May 2011, 05:45

So I guess if you love marketing, you will probably end making more money there than in i-banking because your passion and enthusiasm will make you a great marketer, whereas you will only become a mediocre i-banker without the same.

And I agree that I was both surprised and dissapointed by how many stupid and lazy people there were in a top-business program: HOW THE HELL DID THEY GET IN?!
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Intern
Joined: 29 Mar 2011
Posts: 48
Location: Sweden
Concentration: Strategy, Finance
GMAT 1: 760 Q49 V47
GPA: 3.65
WE: Sales (Insurance)
Followers: 1

Kudos [?]: 11 [0], given: 5

Re: In retrospect.... [#permalink]  12 May 2011, 06:27
Vapor wrote:
Thanks rhyme! Great post, and very helpful!

Happytrojan wrote:
I agree with pretty much everything this guy, wrote, ive learned pretty much the exact same things from my experience at a top undergrad business program. I would however say that I think that getting good grades has meant that I have learned a lot which in turn has meant that I got a lot out of the education, and a lot of employers do look at grades. At least McKinsey's recruiters complemented me on my grades and told me to get back to them closer to graduation. I think grades shows that you have learned a lot, and that you have a good capacity to work which I think means something to employers. But the further you get away from school, the less grades means...

I think grades much more if you're undergrad, and especially if you're going into consulting. I know Deloitte wants at least a 3.5, not too sure about other companies.

Heard most I-banks require at least 3.5 too: I think you are right in other words.
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Manager
Joined: 09 Jan 2010
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Re: In retrospect.... [#permalink]  12 May 2011, 07:15
rhyme wrote:
In retrospect...

I present for no other reason than I feel like it, the top 10 mistakes I wish I hadn't made, or things I learned or whatever I can come up with that happens to end up with 10 items ... in no particular order:

----------

#2: Hanging out more
--------------------

#3: Don't get distracted
------------------------

#4: Rank only sorta matters
---------------------------

#7: Spend more time earlier on figuring out what your goals are
-------------------------------------------------------------

Nice post. I will be going after good grades for myself because I wouldn't like to have 2.9GPA or the equivalent. So, it's a personal thing. This is by far the most I have ever paid for education so I want to learn something.

Second, I do think people take the hanging out thing too much to the other end. I saw this at Harvard's ASW. Some people were overdrive. You know, introducing themselves to everyone and not taking the time to make meaningful conversation. They were going for everything that was happening. Quality over quantity people. If not, you find yourself surrounded by acquaintances and no real friends. That goes back to your point of distraction and knowing why you are in business school, I think some people are inherently followers and just follow the herd. "where's everyone hanging?" "where's everyone trying to work?"

Rank may not matter but reputation does. Because it determines which companies recruit where and how much. Please make no mistake.
Manager
Joined: 10 Feb 2011
Posts: 123
Location: Texas
Schools: HBS(R2 - IN!!!), Kellogg MMM (R2 - IN!!), Stanford GSB (R2-DING), MIT Sloan (R2-DING)
WE 1: 8.5 Yrs Microprocessor Design
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Re: In retrospect.... [#permalink]  12 May 2011, 13:03
[quote="bschbound"]
Second, I do think people take the hanging out thing too much to the other end. I saw this at Harvard's ASW. Some people were overdrive. You know, introducing themselves to everyone and not taking the time to make meaningful conversation. They were going for everything that was happening. Quality over quantity people./quote]

bschbound, I have to agree with you strongly there. I met a few people at ASW that were exactly as you described them. I actually found that during the champagne reception, I met one or two people I really enjoyed and talked to them the entire two hours, while others were running around trying to "tag" as many people as they could with their presence.

I think we're all out to get something different out of the MBAs. For me, I'd like to learn a lot, and make a few really deep connections. No matter what, we'll all make hundreds of acquaintances. But how many of them can you truly count on when you need a hand... or better yet - a friend?
Manager
Joined: 23 Sep 2010
Posts: 234
Location: United States (MN)
Concentration: Entrepreneurship, Marketing
Schools: Harvard Business School - Class of 2013
GMAT 1: 750 Q48 V45
GPA: 3.67
WE: Supply Chain Management (Consumer Products)
Followers: 16

Kudos [?]: 46 [0], given: 14

Re: In retrospect.... [#permalink]  12 May 2011, 13:09
icemanjs4 wrote:

bschbound, I have to agree with you strongly there. I met a few people at ASW that were exactly as you described them. I actually found that during the champagne reception, I met one or two people I really enjoyed and talked to them the entire two hours, while others were running around trying to "tag" as many people as they could with their presence.

I think we're all out to get something different out of the MBAs. For me, I'd like to learn a lot, and make a few really deep connections. No matter what, we'll all make hundreds of acquaintances. But how many of them can you truly count on when you need a hand... or better yet - a friend?

Interesting. Maybe I didn't meet those people since my wife and I skipped the champagne reception during R1 ASW to have dinner with some good friends. We're pretty laid back anyways but we were happy to meet lots of really nice folks that I'd gladly call friends. I've got a lifetime to network. My two years at HBS will be spent making meaningful relationships.
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Re: In retrospect....   [#permalink] 12 May 2011, 13:09

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