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Why are there so many consultants in top MBA programs?

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Manager
Manager
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Joined: 20 May 2012
Posts: 82
Detail: MBA admissions help
Concentration: Entrepreneurship, Strategy
Schools: Northwestern (Kellogg) - Class of 2000
GMAT 1: Q V
GPA: 3.9
Followers: 4

Kudos [?]: 16 [0], given: 0

Why are there so many consultants in top MBA programs? [#permalink] New post 26 Jun 2012, 07:39
I've noticed this theme a lot on this forum, so I thought I'd come up with a point of view that I hope will be helpful: http://www.thefirstread.com/why-are-the ... -programs/

Clients of mine have wondered if they stood a shot because they didn't come from McK or Goldman. To me, there's definitely some advantages to having NOT worked at a firm like Goldman or M/B/B, but it's important to understand why MBA programs continue to admit so many from these types of firms. Getting this kind of insight is actually helpful as you think about ways to contrast your own experiences against theirs.

Hope that's helpful
-james young
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http://www.TheFirstRead.com
Former Kellogg adcom member, offering a new approach to MBA Admissions Consulting.

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Manager
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Status: Rising GMAT Star
Joined: 05 Jun 2012
Posts: 133
Location: Philippines
Concentration: General Management, Finance
GMAT 1: 660 Q V
GPA: 3.22
WE: Corporate Finance (Consulting)
Followers: 6

Kudos [?]: 17 [1] , given: 16

Re: Why are there so many consultants in top MBA programs? [#permalink] New post 26 Jun 2012, 07:51
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Thanks for the great read, mate.

If I had to memorize the entire article in one sentence, that sentence would be:

"Business schools, after all, are businesses."

Sad but true isn't it?

The only thing I don't get in business schools is that how come most of the students have the employee mentality? Is it because most students are stuck in mountains of debt that they tend to target investment banking or management consulting careers? I don't know if it's just me but isn't this the same mentality that defeats the whole purpose of a BUSINESS school?

Hope people could participate in this thread. :)
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Far better is it to dare mighty things, to win glorious triumphs, even though checkered by failure... than to rank with those poor spirits who neither enjoy nor suffer much, because they live in a gray twilight that knows not victory nor defeat.
- T. Roosevelt

Manager
Manager
avatar
Joined: 20 May 2012
Posts: 82
Detail: MBA admissions help
Concentration: Entrepreneurship, Strategy
Schools: Northwestern (Kellogg) - Class of 2000
GMAT 1: Q V
GPA: 3.9
Followers: 4

Kudos [?]: 16 [0], given: 0

Re: Why are there so many consultants in top MBA programs? [#permalink] New post 28 Jun 2012, 04:12
I think you raise a good point, and personally, i've noticed a couple of reasons for the "employee" mindset at business schools.

(1) One reason to get an MBA at all is because it provides extra job security. If you're the kind of person who wants add'l job security even though you already have a job (most MBA applicants) and even though you already have a college degree, then you're by nature quite conservative -- which may be part of the "employee" mindset you mention.
(2) Most MBA programs realize you don't really need an MBA to be a successful entrepreneur. Look at all the truly successul entreps in the US. Few of them have their MBAs. For that reason, it's actually difficult to get into MBA school with a stated goal of just doing entrepism after graduating.
(3) i-banking and consulting are popular career choices post-MBA, because not only do they pay a great deal, but they also have faster career tracks and are great for people who don't really know what they want to do. As much as I harp on people to get crisp in their career goals when applying to b school, very few actually really know what they want to do post graduation.

it's an interesting point of view that you have and smthg I've thought about a great deal as well.

hope that's helpful,
-james young
_________________

http://www.TheFirstRead.com
Former Kellogg adcom member, offering a new approach to MBA Admissions Consulting.

1 KUDOS received
Manager
Manager
User avatar
Status: Rising GMAT Star
Joined: 05 Jun 2012
Posts: 133
Location: Philippines
Concentration: General Management, Finance
GMAT 1: 660 Q V
GPA: 3.22
WE: Corporate Finance (Consulting)
Followers: 6

Kudos [?]: 17 [1] , given: 16

Re: Why are there so many consultants in top MBA programs? [#permalink] New post 28 Jun 2012, 06:54
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Thanks for reply, Youngjames.

I see you have a Kellog MBA under your belt. Congratulations on that :)

Anyway, how long have you been out of business school? Where are your fellow classmates now?

I don't know if this question is always brought up in business schools - "Can leadership(or entrepreneurship) be taught?"
_________________

Far better is it to dare mighty things, to win glorious triumphs, even though checkered by failure... than to rank with those poor spirits who neither enjoy nor suffer much, because they live in a gray twilight that knows not victory nor defeat.
- T. Roosevelt

Re: Why are there so many consultants in top MBA programs?   [#permalink] 28 Jun 2012, 06:54
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