RLM
pelihu, have you met anyone who's successfully carried out their post-MBA job search in a location different from that of their b-school? In *theory* ultra-elites and elites give you job opportunities everywhere. But for example sakes the employment stats from Kellogg show that the biggest pool of grads end up staying around Chicago. Again I don't know if this is more because of self-selection or if job postings DO mostly come from the local geographic area.
But in either case you still have to carry out your own job search as you graduate, and would companies post their postings on internet job boards when they have pools of fresh grad applicants to choose from when they target specific schools? The latter approach seems more effective to me....
Well, yeah, of course I have. I attended info sessions for most of the elites and ultra-elites last year in the bay area, and every single school was able to trot out lots of people who secured jobs around San Francisco and San Jose. I asked specifically about the opportunity to return to the Bay Area after graduation, and the vast majority secured their jobs through on-campus recruiting. I will note that Yale seemed to have placement on the West Coast (only saw them at an MBA fair), and strangely UCLA was only able to muster up 3 alums in the Bay Area, but again, targeting large employers in a big metro area is a relatively simple task for students at most elites & ultra-elites. Those interested in niche industries with small companies in niche locations will have to do more of the work on their own.
Regarding the recruiting process, the big companies that hire many students each year don't post their jobs on the internet, or on their web pages; at least not for schools that they visit. Typically, the big companies will recruit on a firm-wide basis. So, I know that Lehman Brothers is the first recruiter coming to campus (in just 2 weeks, yikes!). They aren't recruiting for a specific office; students interested will be able to speak to recruiters about positions around the world. Then, I think the process is typical of most schools; the firm will create a "closed" list of students they are interested in and invite them to interview. Those that don't make the closed list can still bid for interviews. The process then varies a lot by employer, but typically 1st round interviews will be on campus (for any worldwide office), and perhaps a 2nd round at the corporate HQ (depending on proximity) and perhaps a 3rd round at the office of choice. Some may go 4 rounds, some may go 2. This is typical employers like this (there are about 500 of them in the Fortune 500 that recruit annually at the top schools); they might also open up an online application system for students at schools that they don't visit.
Of course, smaller companies that don't hire regularly will not have this process, but any of the elite and ultra-elite schools will certainly have at least a few hundred recruiters coming to campus looking to hire a few (or a few dozen) people; while at the same time maintaining recruiting relationships with hundreds more employers with formal resume collection and so forth. Posting on internet job boards isn't really part of the process; at least not at this stage.