pelihu wrote:
Also, one must consider that some jobs are only open to graduates of certain schools. The most elite recruiters will start, and possibly end with H/S/W, while elite recruiters in certain fields might include Kellogg, Columbia, Chicago & MIT for certain positions. Sure, the valedictorian with an impeccable work history from Vanderbilt or Georgetown might be considered for some of these jobs, but I would guess that these people probably could have attended higher ranked schools.
Possibly, but how many people going to "Near-Elite" programs are expecting to have these mega-elite positions handed to them coming out of b-school? I find it hard to believe that there are people going to Notre Dame or Minnesota and expecting to land jobs in PE upon graduation. There's a very large gap between top-shelf jobs and crap jobs.
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Certainly, each applicant must consider their own situation; but I think that most will agree that it makes sense to go to the highest ranked school possible. Now, does it make sense to only consider the top schools and forget about all others? Each person must decide that for themselves.
I think it's important to take rankings into consideration, but I also believe it's silly to base your entire decision on an arbitrary ranking system. Furthermore, whose rankings do you go by? BWeek? USNews? Forbes? Financial Times?
IMO, rankings should be used as a tool to help make your decision, but should not be the end all, be all in terms of making application decisions.