It was a great Saturday event in urbana-champaign, the campus-connect. We got to meet with the current students, staff and professors. One of the profs., Prof Noel, he gave us (about 30 people who attended the event), a mock marketing lecture, which was fun. The stuff and current students spent the whole day explaining the many opportunities available to students at Illinois. I must say, the presentations were great and very informative.
The majority of the people who showed up, came to conduct their interviews. Some came as far as California...so those of you who didn't show up because of the distance, the adcom will read that as a candidate not likely to commit. I had long talks with the Dean of the program, it was through those talks that if got the impression that the adcoms really love it when candidates show up for the many admission events that the program holds. They are really after people who will commit to the program if admitted. They like such candidates. Keep tuned in, i will expand on these thoughts as the scholarships decisions are released in the next four weeks...
Penultimately, the there are about two of three invaluable takeaways that i got from attending the event:
1. Everybody knows that the class of 2015 is made up of only 79 students, meaning that the program is intimate and small. However, such small size to the program means that no more than 13 people would be interested in doing the same thing after graduation. For example, not more than 13 might be interested in going to those consulting firms like KPMG, Boston Consulting, McKinsey, Bain, Ernst & Young etc. In practical terms, what this means is that such firms will not come to campus, because, as the Director of Career services said, there is simply few candidates to compel those companies to come (13 applicants is the minimum for a firm to come to campus). Do not despair! The Big Ten network, of which Illinois is a member, does hold career events in which all these firms show up...since the pool is larger then. In addition, one can always move forward solo, with the assistance of the career services folks.
2. The college of business is backed up by the resources of the whole Illinois University system. What this means in practical terms is that you are likely to find illinois alumni all over the world, esp. here in the US. Trust me, when the hiring manager is an Illinois graduate at that firm of your dreams after you graduate with your MBA, clearly your chances of getting in are high. I would expand this thinking and assert that the Big Ten network is at your disposal, because such alumni from the other nine schools, they know about Illinois. If such people are hiring managers, etc, the fact that they know Illinois is another understated advantage.
3. The last point i will make is that of Illinois MBA graduate job placement. It is really important for me for statistics that MBA programs put out to make sense. I didn't really understand what the 85% job placement rate for the Illinois MBA class of 2012 meant. I was horrified by it, so i made sure to confront the director of careers services about this number on Saturday, since it is lower that other programs. He explained that number this way:
-The Illinois program is small. Of the 79 people in the class of 2015, one person (1.3%) represents 12 people at Harvard. What this means is that if one person doesn't get a job during the required 3 month reporting period, the Illinois program loses 1.3% on it's job placement rate. To lose that 1.3%, Harvard would need 12 people. \
-The reporting date is 90 days (three months) after graduation, as per the ABA requirements. Means if someone decides to go backpacking in Europe after graduation to clear their minds, and then return 91 days later, they wont be included on that job placement rate.
-Some graduates, come from such places as Comoros, or Somalia and many such places. When they choose to return to their home country, sometimes impossible for the Career Services office to get hold of them and procure information about their job search status. Again, for such a program, missing data from one person impacts the job placement rate, greatly.
The takeaway is that, do not let the 85% placement rate scare you, like it did to me...!
This is all i have for you guys. I hope these small observations help you in your search for the great MBA program of your life. For those that have completed their interviews, i wish you the best of luck! Thank you.