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21 Feb 2012, 08:40
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EmoryNole
Good points!
Most of the renowned rankings put heavy emphasis on placement rates(average salary, and % of students with jobs upon graduation, etc) so I really think it would be interesting to see how the inaugural class (class of 2012) at JHU will do in the job market. To me, the first 2-3 years will be a crucial gauge on what sort of demand stats (by industries, by geographical location) the career service will pull out. Coupled with the accreditation, the school will climb up the ranking ladder pretty fast. JHU offers a "different" philosophy toward business and I really think that the school is well paced and placed (otherwise, I wouldn't have applied :-p).
Peace!
21 Feb 2012, 14:16
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I believe I may be one of the mythical JHU full-time MBAs you are discussing and I'll be glad to weigh in! First off, this is a worthwhile discussion. Choosing to go to a "startup" b-school is a big decision. The best I can do is offer my perspective and explain the logic I used when deciding to come to Carey. I'll try to address only the themes that you all brought up directly.
My background: I grew up in Africa, went to a Virginia state school to study Computer Science, joined a software company that was recently acquired by Oracle, and started another company that raised some money but then failed in the economic downturn.
Accreditation: In my mind, this didn't matter at all. As many of you have mentioned, Johns Hopkins is a world-renowned institution of higher learning. They are not going to graduate incapable full-time MBAs. I have had employers ask me about accreditation, but the question always more of a "why did you choose to go to a school with no track record" question.
Alumni base: We've graduated thousands of part-time MBAs for many years. While our alumni base may be more localized than some, it is active and passionate about the new program. At the end of the day, even an alum won't just hand new graduates jobs. They may help get an interview, but after that, you're on your own.
Name recognition: JHU is considered one of the most recognized educational brands worldwide. Harvard, MIT, Stanford, Berkeley, Columbia, and Yale are other names that carry similar heft. Ask people in Europe or Asia outside the MBA bubble about Northwestern, Chicago, UPenn (let alone the words Kellogg, Booth, or Wharton) and you might be left with some courteous nods. However, if you want admission to the "MBA world" of jobs, you may want to go to one of those schools. I was willing to take my chances with Johns Hopkins on my resume. Similarly, the number of American hirers who have heard of any European b-schools besides Oxford and Cambridge is small. (Sad but true)
Track record for recruiting: The only stats I know come from the inaugural class' internships last summer. We had a 99% internship placement rate (of all students, not just those who reported). Some of the companies we worked for include Accenture, Acumen Fund, Amazon, Apple, Disney, Goldman, IBM, J&J, Kiva, Microsoft, Siemens, UBS, the US State Department, and the United Nations.
Finance placement: Some companies I know that classmates received offers from include: Deutche Bank, Citigroup, Barclays, BNY Mellon, Brown Advisory, Stifel Nicolaus, UBS, and in the non-profit space, Grameen, Kiva, and Ashoka. I worked as a Senior FA last summer in Investor Relations for Agilent Technologies (NYSE: A)
Ranking: Right now, we're not concerning ourselves with rankings. We have incredible students, brilliant faculty, and cool jobs. Rankings will come with accreditation and time.
Regional Perception: GW, UMD, and Georgetown are all great schools. However, I wanted a top-tier name on my resume that would get me into the interview rooms at the most selective companies in the US (like Google and Amazon). Georgetown, UMD, and GWU haven't placed anyone at either company in the past year. We have and I believe that speaks to the quality of both our brand and our students.
Summary
At the end of the day, what matters most is what you want out of an MBA. Do you follow the status quo, or are you willing to walk the road less traveled? Are you willing to challenge yourself in the company of world-class faculty in a small-school environment? Do you want a mandatory abroad component that is more involved than the week-long "field-trip" common at most b-schools? Do you want to work on commercializing a discovery from JHU's immense body of research?
It's not for everyone, but it was for me.
My background: I grew up in Africa, went to a Virginia state school to study Computer Science, joined a software company that was recently acquired by Oracle, and started another company that raised some money but then failed in the economic downturn.
Accreditation: In my mind, this didn't matter at all. As many of you have mentioned, Johns Hopkins is a world-renowned institution of higher learning. They are not going to graduate incapable full-time MBAs. I have had employers ask me about accreditation, but the question always more of a "why did you choose to go to a school with no track record" question.
Alumni base: We've graduated thousands of part-time MBAs for many years. While our alumni base may be more localized than some, it is active and passionate about the new program. At the end of the day, even an alum won't just hand new graduates jobs. They may help get an interview, but after that, you're on your own.
Name recognition: JHU is considered one of the most recognized educational brands worldwide. Harvard, MIT, Stanford, Berkeley, Columbia, and Yale are other names that carry similar heft. Ask people in Europe or Asia outside the MBA bubble about Northwestern, Chicago, UPenn (let alone the words Kellogg, Booth, or Wharton) and you might be left with some courteous nods. However, if you want admission to the "MBA world" of jobs, you may want to go to one of those schools. I was willing to take my chances with Johns Hopkins on my resume. Similarly, the number of American hirers who have heard of any European b-schools besides Oxford and Cambridge is small. (Sad but true)
Track record for recruiting: The only stats I know come from the inaugural class' internships last summer. We had a 99% internship placement rate (of all students, not just those who reported). Some of the companies we worked for include Accenture, Acumen Fund, Amazon, Apple, Disney, Goldman, IBM, J&J, Kiva, Microsoft, Siemens, UBS, the US State Department, and the United Nations.
Finance placement: Some companies I know that classmates received offers from include: Deutche Bank, Citigroup, Barclays, BNY Mellon, Brown Advisory, Stifel Nicolaus, UBS, and in the non-profit space, Grameen, Kiva, and Ashoka. I worked as a Senior FA last summer in Investor Relations for Agilent Technologies (NYSE: A)
Ranking: Right now, we're not concerning ourselves with rankings. We have incredible students, brilliant faculty, and cool jobs. Rankings will come with accreditation and time.
Regional Perception: GW, UMD, and Georgetown are all great schools. However, I wanted a top-tier name on my resume that would get me into the interview rooms at the most selective companies in the US (like Google and Amazon). Georgetown, UMD, and GWU haven't placed anyone at either company in the past year. We have and I believe that speaks to the quality of both our brand and our students.
Summary
At the end of the day, what matters most is what you want out of an MBA. Do you follow the status quo, or are you willing to walk the road less traveled? Are you willing to challenge yourself in the company of world-class faculty in a small-school environment? Do you want a mandatory abroad component that is more involved than the week-long "field-trip" common at most b-schools? Do you want to work on commercializing a discovery from JHU's immense body of research?
It's not for everyone, but it was for me.
21 Feb 2012, 15:35
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Jackolicious
Thanks for weighing in! I really needed to hear more about cRey, especially from an insider
. Reaching out to interims hasn't been an easy task. I got admitted to the class of 2014 and I would really appreciate it if you can share your views on the following:
Which concentration seems to be the strongest at Carey, in terms of breadth and quality of teaching, among these: entrepreneurship, marketing, management, and finance? (I deliberately left health care management aside since its obvious)
In general, did you benefit from being in an over-represented (as opposed to other b-schools) international class? I believe international students comprise more than 50% of the annual intakes.
During the summer internship, were you able to get a lot of interviews based on JHU's brand name or you you think it's attributed to other factors? Has any of the employers committed to hire students post-graduation?
Finally, Could you name a few SAFE and NEARBY neighborhoods i can look into. I am from Saudi Arabia and I have visited B-more only once (for 2 nights). So I really could use some help regarding housing, costs, and entertainment
Sorry for the bombardment of questions, but I am sure your answers would not benefit just me. A lot of curios folks out there
Thanks again!
-F
