cougarblue wrote:
terp06 wrote:
I know I'm all over the map right now, but I'm considering adding Kellogg back, and dropping Wharton. This is primarily due to fit, as well as the "big fish in a small pond" theory.
Don't do it--at least not for that reason (big fish, not fit.) I am opposed to this theory. Remember that you are competing against all MBAs, not just MBAs within your school. Maybe for the initial closed interview list you're only competing against your classmates, but in the ultimate hiring decision/process you should be evaluated against all the possible candidates for the job. This will be especially true for the unstructured hiring practices of the buy-side. I've said this before and I think it rings true here, "embrace, but don't underestimate, the competition."
Dont ignore the fit aspect of things. I know I didnt apply to Wharton or HBS because I had no interest in either school. I am originally from Mass and HBS brings so many preconceived images that I didnt want to apply. Yes its a great school but its like someone from Ohio wanting to go to Ross...it just is hard to overcome 22 years of brainwashing no matter how unjustified. I dont think I would have enjoyed Wharton much judging by my interaction with some students and alums...plus Philly wasnt high on the list of places to live for a few years to say the least.
The big fish/small pond thing is a tough debate. I think that in certain areas there is no relevance but in others it actually can be helpful. I have heard time and time again that Kellogg is an ideal place for career changers who want IB to go. All the big names recruit heavily and there are not many former bankers there...they head to HBS, Wharton, Chicago, Columbia and NYU. Pretty much banks come and want people but there arent many people competing for those positions with experience. So if you have experience you can pretty much walk into a job at the best places, if you have none its a very level playing field where you arent way behind a bunch of folks with stellar experience. I met a second year at DAK II going to Goldman and had no idea about what banking really was until he showed up at school and started recruiting.
As for MC thats competitive at all schools, and generally outside of the top 3 there arent a ton of former M/B/B folks, not in the numbers you will see former bulge bracket bankers at the finance schools. Plus the case interviews in those make you or break you, where as in IB everyone says your dedication to firms is a very big factor. Marketing, and all the management careers its better to go to the schools where the companies you really want recruit...there are some very good companies who only recruit at a very small core (some mid size companies will have 1 or 2 where managers went), they arent like the big MC firms recruiting at 15 schools actively. The top schools obviously give you the most options in these fields but if you want a company in the south then Duke and Darden may make more sense than MIT or another Top 5.
If you are like me and want an industry where few companies actively recruit anywhere you will doing the leg work on your own so going to a place that people know is a great school can be a huge help...not necessarily rank since those arent always the best indicator outside of the MBA world...I mean some ranking people see Columbia as a weakening brand but in the real world its considered an amazing school. It also helps to go by location if you have very set goals, if you know you really want company X and they are headquartered in Chicago then GSB and Kellogg have a huge advantage when hunting down that job on your own. Same goes with West Coast schools.
On another note, not being the pessimist here but one thing that is very important is to be realistic about your chances. Its great to have dreams and go for them but dont apply to all your dream schools if unless you honestly can say you have a solid chance. You are better off having a broader view of schools to apply to that will get you where you want to be. Remember this year was tough, we heard about +20% increases at a lot of top schools...now if that happens again then a lot of top 10 schools will have admission rates that HBS had three or four years ago.