philly101 wrote:
Here is my thought process behind Carey. Relatively, the MBA program is extremely new. In addition, it is generally known that in order for an MBA program to be worth it (Employment, ROI, etc) the program needs to be highly ranked (Top 30-50ish). Due to the fact that Carey is new and is not yet ranked, it is hard for people to gauge their potential success, resulting in less applications. This has no bearing on the qaulity of the program, and is simply due to the lack of a ranking. Carey for a while will probably have a higher acceptance rate than most schools because of this.
On the flipside, the future of Carey literally depends on its graduates during these early years. If we fail in getting a good education and good jobs, less people will apply, and the school fails. I beleive that because it is part of Johns Hopkins, failure is literally not an option and would be horrible for the reputation of the entire university. For this reason I think that the faculty and staff are working extra hard to ensure the success of graduates. Also, because it is a new program, it has the potential to be far more practical than traditional programs. I am sure that a lot of the subject matter taught by established programs is antiquated and the same syllabus has been passed down for years. In being a new school, every class at Carey should be designed around modern approaches and problems in the business world, rather than case studies from the last decade that are no longer applicable.
In conclusion, Carey obviously is a risk to some degree. Then again, even Harvard is a risk to some degree. If you put in the work and are proactive in your career and job search, I think there will be no problem in employment after graduating from Carey. Take advantage of the high acceptance rate, I bet in a few years it will be much more selective and hard to get in to.
Couldn't agree more.
Pertaining to the high acceptance rate right now, it will quickly change in the coming years. Once Carey is AACSB accredited, official rankings will be posted, and the Johns Hopkins name will only move up. Thereby increasing applications and decreasing acceptances. The name will be known in the MBA community overnight once they get posted on official ranking boards (USNews, Bloomberg, Financial Times). It all comes down to AACSB...which could take awhile. I believe it took Yale 10 years to receive AACSB accreditation, which would mean 2016 for Hopkins.
FYI...I asked Hopkins for a 10 day extension on my Decision/Deposit date and they granted it. 3/16 to 3/26