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05 Oct 2007, 21:51
hobbit's generally right. However, I will say that there is some value to the MBA route you propose, but not in the way that you describe. Basically, going to Cornell for your MBA may give you connections to profs who can help you out in your Ph.D. quest. The MBA in and of itself doesn't mean much in terms of getting accepted to a Ph.D. program (I could be wrong here, but I have a strong sense that this is the case). How do you get these connections? Engage the prof about his research and talk intelligently about it. Doing well in your classes helps too. As far as standing out in a good MBA program, you're onto something here as well, but again, not in the way that you describe. At least three things and the interactions between them conspire against standing out: 1) students are articulate and reasonably bright, as you suggest 2) a lot of the classes aren't quantitative, and there is sometimes a strong team component to the grade, and 3) the level of difficulty of the material isn't high enough to provide meaningful separation for Ph.D. level assessment.
As for the big fish small fish theory you suggest, you might be right. At a non-top place, you might stick out so far ahead of others that you overcome the three points I mentioned above. On the other hand, I am also not so sure that you have to stick out so far to work with a prof. I don't know how other profs view this, but as a prof in the making, I would use MBA performance as only a rough barometer. If the person is, say, in the top third of the class, seems to be intelligent, and seems to like research, I'd consider enlisting their help. It might be useful to ask a prof or two on their sense of the opportunities available to MBA students. MBA admissions might be able to plug you in to profs who are amenable to answering your questions.
The relevant masters is also a very good option.