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misterchipper
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misterchipper
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Go by % of class placed in the fields, the companies that come to recruit, the # and type of electives in that area, and then USNews's specialty rankings. Remember, strength in an area comes from a large and successful alumni network in that field, a strong brand name that attracts companies, and size/accomplishments of faculty in that area. It's not b/c a school has some secret formula that no one else has, it's the people that drive strength in a given field.
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Honestly, if you are talking a top 5-10 b-school they are going to be pretty damn good at everything. Especially if you want something common like Consulting or IB. Having attended Kellogg, which isn't typically seen as a banking school I can tell you that tons of banking recruiting went on. All the majors showed up and plenty of smaller banks. Maybe not to the extend of at Booth but there will be tons of opportunities...and remember you can only take one anyways. Now if you want something a little more unusual it gets stickier. If you want a HF or PE then HBS is your best shot and it falls off quickly after that.

If you want GM or Marketing different schools are considered stronger but if you don't get into Kellogg for Marketing or MIT for operations there are tons of other schools that will get you there. Take a look at recruiting and look for companies you want to work for and where people are going. It helps that they recruit and alums are there to network with. Personally, I think people who go to a top 10 school and are disappointed either had unrealistic expectations or they failed themselves somewhere along the line.
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It is also a good idea to look at recruitment at a given school by the leading firms in the field. For example, the level of recruitment by GS for Finance or McKinsey for consulting provides some insight into the perceived strength of the school. Another good sense of the strength of a school is its intellectual contibution to the field, such as HBS for general management or Chicago for finance.