I read throught the thread and see there are major two concerns from minority of people on the thread who believe
IMD should not be UE.
1. Class-size too smallThis led us to an old question, go for quality or quantity?. From quality perspective,
IMD alumni are not any poorer than other UE schools. When I was preparing my MBA application (I applied to
IMD/INSEAD/Cornell/Tuck), I have sent a lot of e-mails to alumni in order to try to understand the program better. As a result,
IMD alumni really impressed me that 100% of IMD alumni replied e-mail and most of them are really helpful. Some alumni who lives in same region, even called me to give me a lot of insights.
From absolute quantity perspective, Yes, I agree.
IMD has only 2950 MBA alumni, which is much lesser than
Kellogg (41503),
Wharton (39779),
Booth (44722) and
Columbia (39000).
But is the absolute number of alumni really meaningful? We should go for quality or quantity? Try to ask yourself: “Do you really have time to network with 40,000+ alumni?” A quality network will not automatically built because people came from same school. A quality network built because you invest into it.
For my personal standpoint, 2950 alumni are already more than I believe I can have enough time to network with them.
2. Low placement in Finance and MCTuck and
Kellogg are famous for placing their students into consulting industry. Let’s compare the figure:
In 2010,
IMD placed 4/90 (4.44%) students to
McKinsey and 2/90 (2.22%) students to
BCG.
Kellogg placed 18/1126 (1.6%) students
McKinsey and 23/1126 (2.04%) students to
BCG, 7/1126 (0.62%) students to
Bain.
Tuck placed 5/537 (0.93%) students to
McKinsey and 9/537 (1.68%) students to
Bain.
I put more M7 schools stats for reference.
Wharton placed 44/1690 (2.6%) students to
McKinsey; 43/1690 (2.54%) students to
BCG and 18/1690 (1.07%) students to
Bain.
Booth placed 24/1177 (2.04%) students to
McKinsey; 19/1177 (1.61%) students to
BCG and 15/1177 (1.27%) students to
Bain.
Columbia placed 18/1278 students to
McKinsey; 15/1278 students to
BCG and 12/1278 (0.94%) students to
Bain.
From above data, I don’t see
IMD shown that they are in a more difficult position to place their student into Top consulting firms.
In fact, I have questioned some
IMD alumni, why there are not much
IMD graduates go to Consulting. One of the major reasons is salary.
IMD graduates normally can get higher salary from industry job than from consulting job.
The
IMD graduate’s median salary is $124,700, which is at 10-25% higher than
INSEAD $111,900, or Magic 7 school:
Wharton $110,000;
Kellogg $105,000
Booth $102,000;
Columbia $100,000;
Consulting jobs is challenging and gives you a prestige status. But, if I need to get pay 20% less and work 80% more hours every week, I prefer to do similar job by going to Strategy department of Corporate
* All information comes from BusinessWeeks webpage.
In this thread, majority of people believe
IMD should be UE, while only 3 believe that
IMD should not be UE. bsd_lover, I don’t see your point why you don’t listen to majority of people and put
IMD back to UE.