State School to Ivy MBA question

<p>Hey guys, thanks for taking the time to look at my question.</p>

<p>I am a high school junior with stats that may grant me a ticket to the lottery that is getting into an Ivy league school(home schooled, full time college for junior and senior years(currently have 4.0 GPA at this local college), 34 ACT) but I am unsure if I want to do this because of the cost. If I go to a in-state school(Minnesota), my 64 credits I will earn while in high school will transfer, and with my GPA and ACT score the most it will cost will be around $5000 a year for these two years. If I want to try to possibly shoot for an Ivy(or Stanford or MIT, etc), I am guessing I will have to pay full price as my parents income is $200,000 combined and I am unsure of whether my credits will transfer. Now, this situation isn't really my main question but if you have an opinion on what I should do or any knowledge you feel could relate to this situation, please feel free to offer any input you have.</p>

<p>My main question is about how hard it is to go from a school like the U of MN Twin Cities or University Wisconsin Madison(with the first two years completed at a small four year university while in high school) to an Ivy MBA program. If I have solid GMAT scores, work experience, academic transcripts, essays, and references should I be fine? Or even with all of those, would I still be placed behind students who have the same stats but went to better schools? Thanks so much for any help you can provide on this issue. It's amazing how daunting the college application process can be, but being a lurker on this forum has already been a great help. Thanks again.</p>

<p>Minnesota and Wisconsin are fantastic schools. Admission to Ivy League MBA programs are based mostly on GPA, GMAT score and interesting work experience. Graduating from a Big Ten public will NOT be looked down upon.</p>

<p>^ I echo this.</p>

<p>I just have a couple of comments, can’t address all of your questions, sorry. But I know a few things you may or may not have asked about.</p>

<p>The most successful MBA candidates I know these days have an undergrad degree in science, engineering, CS etc. from a top school, then worked in business very successfully righ out of college, with great placement, promotions and funded by the business.</p>

<p>The top MBA schools will not take you unless you have at least 5+ years work experience, and VERY SUCCESSFUL work experience. Ten years is more common. Any MBA school that takes you right from of college is not worth going to, no matter the name.</p>

<p>Many good undergrad schools (and my daughter went to Brown) will only give you advanced placement for AP class. They won’t excuse you from a full curriculum. I think it is good to spend four years, but maybe it isn’t for everyone. </p>

<p>Is there a reason for penny pinching? While I think full price for Ivy League and private school education is not worth tons of debt for, some debt to go to a better undergrad school is worthwile. You don’t know what you can get unless you apply. That’s how it works, except you can try an EFC calculator.</p>

<p>UW-Madison is a great school and you can go anywhere from there. My daughter is in grad school there now and loves the town. Same with Michigan-Ann Arbor, of course–even better school and likely even better town. Do not know Minn, so can it compare to these super regionals?</p>

<p>Of course, going to super elite schools that send a lot of students to top programs because the quality of the undergrad program is so good is not to be dismissed. But by the time you go to MBA school, your record should superceed that, it is just that you can get great jobs out of Princeton, etc, oy?</p>

<p>And now that the bottom had fallen on the financial markets, don’t overestimate your luck. I know top (and I mean top) finance and econ students that could not get jobs, and now they are in funded financial PhD programs at top schools. I can’t think that they would get these offers if they were not from top undergrad programs and speak five languages. There is serious competition going on. Consider your options once you are in college, or at least leave them open for passion.</p>

<p>Most of all, enjoy your undergrad experience.</p>

<p>You can easily go to UW-Madison or Minnesota and go to a top MBA program. First of all, as was already pointed out, most top MBA programs require you to have work experience first before are admitted. Most successful applicants will have between 2 and 10 years of work experience before getting the MBA. Really, that’s probably one of the most important factors in your application - top programs like to see students who were in good, solid jobs and who quickly rose through managerial positions. There are some places, like McKinsey & Company, that have programs that are kind of tailored for students who plan to earn an MBA. You go to McKinsey, work for 2-3 years, and they help you get into a top MBA program. (It’s called the business analyst program). Many top Wall Street firms have these programs. The key is going to a place where the top firms recruit, and Wisconsin-Madison and Minnesota are probably places where they come (the former more than the latter, but both are well-reputed public universities).</p>

<p>Secondly, the most important factors in admissions will be your GPA and your GMAT scores. Will going to an Ivy League school be looked upon more favorably? Yes, especially in the prestige-driven business world. But that doesn’t mean you won’t get in going to Wisconsin-Madison or Minnesota. At most, Ivy League attendance will give you a small edge in b-school admissions.</p>

<p>I’m really big on choosing a less expensive option if that less expensive option is a well-reputed public university like a Big 10. I graduated with only $9,000 of undergrad debt and let me tell you, it is SUCH a relief. I can pay that off in 3 years if I wanted. Remember also that you will incur debt at your MBA program as well.</p>

<p>If you were choosing between like the League and like…some small regional public college with these ambitions, I might say go with the debt (especially since if you get an Ivy League MBA most likely you will have the cash to pay it off). But schools like UW-Madison and Minnesota are great deals. I go to Columbia (in a different field) and our business school estimates that it costs $80,000 a year to finish the program; most of that will be financed by loans. That’s $160,000 on top of whatever debt you’ll incur at the Ivy.</p>

<p>Thanks for the excellent responses everybody. I think I had perhaps been underestimating the schools around me since it seems that so many people I know go there, and it seems people with fairly low stats can get in(fairly low to the Ivy type schools of-course). </p>

<p>Honestly at this point I would just like to take the easy route of going to UW-Madison or UMN-TC, and stay home and have low costs, and have my two years of college credit earned in high school transfer. However at times I do think it would be fun to go to a top school and challenge myself, and to say for the rest of my life “I went to (insert high level college name here).” I also think of the snowball effect that maybe possible at a good school… if the better school can get you a better job and therefore land you at a better MBA program, or if it can present you with better networking opportunities, or even better dating/marriage opportunities(two higher income earners, haha what a romantic I am). I also am considering a career in Wall Street, and I realize that while a non-ivy degree may not hurt you in the MBA world it does seem like it will hurt you in the Wall Street/i-banking world. </p>

<p>As a student looking from the outside in, it is tough to quantify just how different a state-school or non-ivy would be from and ivy. So maybe, Juillet, you can help me out with these questions. I realize if you are at graduate school it maybe like comparing apples to oranges, but hopefully some of these questions will be answerable. If anyone else has any experience of going from a non-ivy level school to a ivy-level school please feel free to answer these questions as well. </p>

<ol>
<li><p>How do the Columbia students differ from the students at your past college. Are they much more engaged in class? Are they much more connected in the real world? Do they simply seem “smarter”? I would ask the same of professors.</p></li>
<li><p>How do the networking oppruntunies compare amongst students, professors, lecturers,etc at Columbia compared to your old school…</p></li>
<li><p>Have you interviewed for jobs since you have gone to Columbia? Compared to normal job interviews, when you stated that you went to Columbia did the interviewer immediately shout out your hired before you could get another word in, haha? Or at least did the interview seem different from when Columbia wasn’t on your resume? Has the result also changed or stayed the same in other social interactions when you state you go to Columbia(friends, family, co-workers, people who you meet)?</p></li>
<li><p>If you applied yourself equally at both schools do you believe you would learn more at Columbia than at your previous school? If so, why do you believe so?</p></li>
<li><p>Why after having $9,000 worth of debt from your previous school did you decide to go to a school where your debt would be $80,000 a year and was this always the plan(going to an upper-tier graduate school)?</p></li>
<li><p>What field are you studying at Columbia (if you are comfortable stating it since you didn’t before) and why do you believe you got accepted (high scores, recommendations, work experience, etc)? </p></li>
</ol>

<p>Thanks so much for any help you can provide with those questions, and please free feel to discuss anything else you feel relates to the topic.</p>

<p>I would like to correct the above posters and say GPA is not an important factor in MBA admission. GMAT gets you in the door, but work experience seals the deal. A 3.1 GPA will not keep you out of a top MBA program if you get in the 680+ GMAT range. A 4.0 GPA will not help you get in if you’ve only had average work experience. </p>

<p>Another note is reapplying for the same school is very difficult. You really have to show how you’ve substantively changed as an applicant.</p>

<ol>
<li>Columbia undergraduates are way ahead of the undergraduates at my past college. I loved my undergraduate LAC - it’s a small LAC in the top 100 of the U.S. News list, but it’s certainly no Amherst or Swarthmore or anything. Anyway, the women at my undergrad college were very engaged in education and wanted to learn; no one was there because they were forced, and everyone was willing to learn. I had an amazing experience there. However, they can’t compare to the Columbia undergrads. I’ve had the pleasure of interacting with many undergrads since being here, and my colleagues teach them. These students are the best-prepared students in the country; they are uniquely engaged in the subject matter. I took a mixed undergrad/grad class and the class discussions these undergrads were able to engage in was just fascinating.</li>
</ol>

<p>Did they seem smarter? Yes, in the sense that I think they are better prepared for college. That has a lot to do with different populations. My undergrad school is a historically black women’s college that is very economically diverse; many students were the first person in their family to attend college. Most Columbia students are upper middle-class and the majority of them are not FGCS. I don’t think their overall intelligence level is higher than the students at my LAC, as far as ability to learn goes. I just think that they were exposed to different, better things than the students at my undergraduate LAC were, and that made them more prepared to discuss issues.</p>

<p>They are not, however, more connected to the real world. My LAC wins in that category. When I say “connected” I mean grounded, and involved in the community around them. My undergraduate school (and the students) were big on community service and everyone I knew there volunteered and worked with the community. I also think that far more of my undergraduate peers lived off campus, and worked part-time jobs (because they had to) so they grew an awareness of what the world outside of their college was like early.</p>

<p>Professors are a different story. The professors here at Columbia are researchers; they know their research and they will expose you to it, if you want it. But they are generally speaking bad teachers. The professors in my department teach both undergrad and grad classes. I’ve had three, maybe four professors in the psych department who are really good teachers, but the rest of them are kind of bad. They also make silly jokes about the undergrads to us graduate students which indicates that they have a hierarchy of work and undergrads are near the bottom of it. For example, I expressed a wish to TA a class so I could learn how to teach so when I become a professor, I wouldn’t suck, and my advisor told me that it was going to take time away from my research. Um, yeah, I know, but…</p>

<p>The professors I had at my small LAC were amazing teachers, and they were always available and their number one priority was students. However, they all did research as well, and I got involved in a number of research projects as an undergraduate. I had incredible, involved mentors at my LAC, and they were great. But that may be more due to the university/LAC divide than anything else. They have to care about the undergrads here beacause that’s their jobs. Professors at neither school seemed “smarter,” but the professors at my old school did seem more connected to students’ after-college desires and able to advise on those kinds of issues. Professors here are kind of absorbed in their research.</p>

<ol>
<li>Networking is phenomenal here but it was great at my old school, too. Explanation: my school is the #1 ranked HBCU in the country, and many fancy employers came to the school to recruit diversity candidates for their companies. That means at our law school fair, we had top law schools like Harvard, Yale, and Stanford; top medical schools recruited on campus; we had top firms like Goldman Sachs, Merrill Lynch, and McKinsey and Company come to visit and do interviews on-campus; and Teach for America was always there. I was exposed to the big Wall Street companies from day one, and I developed a sense that I could definitely work there with a degree from my school. Not to mention that a lot of my alumni friends actually <em>are</em> working at some of these big-name companies and going to these top law/medical schools.</li>
</ol>

<p>Those same people come here to Columbia, but of course the Columbia name is worth more.</p>

<p>The difference is the professors - there are far more big-name professors here than at my old college, of course, and those professors have networks that extend beyond my old college’s.</p>

<ol>
<li>I haven’t interviewed for jobs because I’m still getting my PhD here, but of course the effect is different when you tell people that you go to Columbia v. my alma mater. I usually have to explain where my alma mater is, and people sometimes don’t know it’s a women’s college, etc. I never have to clarify what Columbia is.</li>
</ol>

<p>Of course, I will say that one of the great small perks is making people wig out when you tell them where you go. I had convinced myself I didn’t care about prestige, but people’s eyes always bug out when I tell them I’m getting my PhD at Columbia, and it’s a nice feeling. For example, most of the people in my fiance’s Air Force squadron know I go to Columbia for a PhD because a colonel once asked me and when I told him, he started blurting it out to everyone he could, haha. People (in all four categories you mentioned) are impressed, and they tend to make the automatic assumption that you are intelligent.</p>

<ol>
<li><p>If we’re comparing undergrad to undergrad: No, not really. I think the things I learned would be different, but not more.</p></li>
<li><p>Yes, it was always my plan to go to an upper-tier graduate school. This is sort of why I saved the money on my undergrad - I originally wanted to go to law school, and a top 15 law school is expensive, but that’s what I wanted. The good news is, I’m not incurring that much debt at Columbia :wink: PhD programs are funded, so I’m actually coming here with tuition remission, health insurance, and a $30,000 a year stipend. So I’ve taken out about an extra $10,000 here at Columbia (the costs of moving and getting a new apartment set up, and equipment/school supplies) and that’s probably all I’ll borrow until the end, because I get paid enough to live on, so I’ll probably have like $20K of debt when I graduate. Can’t beat that with a stick :)</p></li>
</ol>

<p>But I would’ve been willing to incur the debt of an Ivy League law school, had I done that instead. It’s really worth it at that level.</p>

<ol>
<li>I’m getting my PhD in sociomedical sciences - it is a joint degree program in psychology and public health. My admission here was based on a variety of factors. For PhD programs the most important things are research experience, letters of recommendation, and your research fit with the department. I had more experience than most undergrads get with a couple of presentations; I had excellent letters of recommendation from professors who knew me well; and I was a very close fit with the professors here. My advisor is like tailor-made for me, lol. My solid major GPA (~3.6) and my high GRE scores (790 verbal, 740 math, scored on the same scale as the SAT) were also a strong factor.</li>
</ol>

<p>I hope this helps - obviously I’m not in business, but feel free to PM me if you have any more questions or just ask on this thread.</p>

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<p>I’m actually not aware of a single MBA program that formally requires that you have work experience before admission. Granted, most successful applicants do indeed have strong work experience, but rarely is it a formal requirement. The only requirement that I’m aware of is the specialized MIT LGO dual-MBA+MSEngineering program that actually does formally require 2 years of work experience. But the regular MIT Sloan MBA program has no such requirement. </p>

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<p>Really? Then perhaps one should consider Chris Wilson-Byrne, who graduated from Boston College in 2007 and was then immediately admitted to the Harvard Business School Class of 2009 with no work experience. I don’t know anybody else here, but I would argue that Harvard Business School is a fairly worthwhile business school. </p>

<p>[Chris</a> Wilson-Byrne Profile - MBA - Harvard Business School](<a href=“http://www.hbs.edu/mba/profiles/students/2009/cwilsonbyrne.html]Chris”>http://www.hbs.edu/mba/profiles/students/2009/cwilsonbyrne.html)</p>

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<p>Ten years is actually far less common. The truth is, few if any MBA students at the top schools have anywhere near 10 years of work experience. The median age of admission is usually around 27-28 and may actually be decreasing as those schools continue to emphasize younger students (i.e. HBS with the 2+2 program and similar initiatives at competing schools). I suspect that having too much work experience actually hurts you, for it indicates that you’re probably not suitable for the high prestige post-MBA positions such as consulting and Ibanking that are usually attractive only to the relatively young and unattached students. </p>

<p>For some cases in point, the median incoming Harvard Business School MBA student has a median age of 27. The median age at Stanford GSB and Wharton is 28.</p>

<p>[Harvard</a> Business School MBA Admission and Information](<a href=“http://www.businessschooladmission.com/harvard-business-school/]Harvard”>http://www.businessschooladmission.com/harvard-business-school/)</p>

<p>[Stanford</a> Graduate School of Business | Application Information](<a href=“http://www.businessschooladmission.com/stanford-graduate-school-of-business/]Stanford”>http://www.businessschooladmission.com/stanford-graduate-school-of-business/)</p>

<p>[Wharton</a> Business School | Admission and Application Information | UPenn](<a href=“http://www.businessschooladmission.com/upenn-wharton/]Wharton”>http://www.businessschooladmission.com/upenn-wharton/)</p>

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<p>I can’t help but think that’s hyperbole, but I would say that I can think of quite a few PhD students who specialize in finance or financial accounting at Harvard and MIT, and none of them speak anywhere close to 5 languages. Heck, some of them struggle with just speaking their native language (English).</p>

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<p>I think it bears mind saying that not all Ivy MBA programs are of equivalent admissions difficulty. For example, it is significantly easier to get into the Cornell MBA program than into the Harvard MBA program, yet both are Ivies. Heck, there are plenty of non-Ivy MBA programs that are more difficult to be admitted into than Cornell’s.</p>

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<p>sakky, your post sounds sarcastic… </p>

<p>i wonder how many HBS applicants and admitted students that don’t have work experience. I’m sure not a lot. </p>

<p>The truth is, you’re far more likely going to get into a top business school such as HBS or Wharton or Haas, etc if you have a solid work experience than you don’t.</p>

<p>The average amount of post-undergraduate, full-time work experience at the top-tier MBA schools is 3-6 years. I agree that it is nowhere near 10 years. Some applicants have over 10 years of experience but they make up the minority. Most students at these schools are in their late 20s.</p>

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<p>My post is not sarcastic in the least. There’s a major difference between an admissions process that (heavily) weighs work experience and one that formally requires work experience. Like I said, I’m not aware of a single top-tier mainstream MBA program that actually formally requires work experience. If you disagree, then by all means, name some.</p>

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<p>I never said the number was large. I said the number is not zero. That’s the point. There’s a big difference between a small value and a value that is identically equal to zero.</p>

<p>Well you have to remember that all work experience is not equal. Many of people at HBS/Wharton and other top MBA’s have worked at top firms such as Goldman-Sachs, Jp Morgan, Lazard, Mckinsey, Bain etc. Prestigious firms like the ones mentioned above only recruit the best of the best and getting a job at one of these firms is near impossible from U of MN Twin Cities or University Wisconsin Madison. Another thing to consider is that if you go to some state school your going to make 50k when you come out compared to coming out of an Ivy,working at an Ibank and making 100k a year</p>

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<p>That’s a bit too pessimistic, don’t you think?</p>

<p>According to the Harvard Business School Classcards information, there are 10 current MBA students (either class of 2010 or 2011) who went to University of Minnesota for undergrad (not counting those who may have went just for grad school). While I’m obviously not going to name names, I’ll list the work experiences of each of their backgrounds:</p>

<p>*2 years at McKinsey
*No work experience (although interestingly, this person is a MBA/MD student jointly with Harvard Medical School)
*3 years at UnitedHealth Group
*2 years at Boston Consulting Group
*4 years at General Mills
*1 year as entrepreneur (I think)
*2 years at McKinsey
*1 year as general laborer (not sure what that is), then 1 year in finance, then 2 years as consultant
*3 years at Target
*1 year for small engineering company, then 1 year in Peace Corps, 1 year at another engineering company, 4 years at Ernst & Young</p>

<p>In other words, 3/10 of the former Minnesota undergrads worked at high-prestige firms (McKinsey or BCG), and another arguably did, depending on how prestigious you think Ernst & Young is. The most work experience that any of them had was the last person, with 7 years of experience. One person had no discernible work experience at all (and is the MBA/MD student). The rest ranged from 1-4 years of experience. Nobody came close to having 10 years of experience.</p>

<p>Let’s do the same analysis for the University of Wisconsin-Madison, for which there are 7 former undergrads.</p>

<p>*3 years at GE
*2 years at General Mills (then another year doing something that is unclear)
*2 years at JPMorgan, then 2 years in private equity
*5 years at Eli Lilly
*1 year at Merrill Lynch, then 2 years in private equity
*4 years at FedEx
*1 year at 3M (then another year doing something unclear)</p>

<p>Sakky, since the title of the thread is asks if it is possible (or common) for stufdents who completed their undergraduate studies at state schools to get into Ivy League MBA programs, and since you have access to HBS data, can you share with us how some key state universities do? Say Cal, UIUC, Michigan, Texas-Austin, UCLA, UNC, UVa and William and Mary. And in order to be able to make a comparison, can you provide us with the numbers of some top private universities, say Chicago, Duke, Johns Hopkins and Northwestern?</p>

<p>Thanks for any data you are able to share with us.</p>

<p>Dude, that’s a big job.</p>

<p>I was just thinking of the total number from each university (8 public and 4 private), not the breakdown in work experience. In other words, 15 from Cal, 12 from Michigan, 8 from UVa, 20 from Chicago etc… </p>

<p>But if the work involved in putting that data together is too time consuming, don’t bother with it.</p>