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@ sakky: So, let's say you graduate from a RANDOM state school with a degree in CS or Finance and go to work with a rarely heard of local company that's easy to get hired at. You work there for 1-5 years, do an OUTSTANDING job, create a portfolio of your work and accomplishments, and then apply to Google, or one of the firms on your list. (you are approximately 24-27 years old now) </p>
<p>a. Are you still going to get turned down in favor of a 22 year old ivey league grad?</p>
<p>b. What if you worked several different jobs, each in a higher position, and now have 5-7 years experience?
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<p>Consider this quote from Fortune Magazine, 12/8/03 edition.</p>
<p>"For the most part, it takes a degree from an Ivy League school, or MIT, Stanford, CalTech, or Carnegie Mellon--America's top engineering schools--even to get invited to interview. Brin and Page still keep a hand in all the hiring, from executives to administrative assistants. And to them, work experience counts far less than where you went to school, how you did on your SATs, and your grade-point average. "If you've been at Cisco for 20 years, they don't want you," says an employee. "</p>
<p><a href="http://money.cnn.com/magazines/fortune/fortune_archive/2003/12/08/355116/index.htm%5B/url%5D">http://money.cnn.com/magazines/fortune/fortune_archive/2003/12/08/355116/index.htm</a></p>
<p>Now granted, that was 3 years ago. Google is a different company now and they have lightened up on their hiring practices. So Google may not be the best example now. </p>
<p>But the point is, there are extremely highly desirable employers out there who only recruit at certain schools. The best examples now probably are the top private equity firms and hedge funds.</p>
<p>For example, consider Blackstone, which, as a leading private equity firm, is one of the most desirable employers in the world. </p>
<p>" Blackstone Capital Partners, the US fund with $14 billion under management, presents to students at just three schools: Harvard, Wharton and Columbia"</p>
<p><a href="http://news.efinancialcareers.com/NEWS_ITEM/newsItemId-3736%5B/url%5D">http://news.efinancialcareers.com/NEWS_ITEM/newsItemId-3736</a></p>
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c. What if you go back to school for an MBA after a few years work exp? Are you still going to get turned down?
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<p>That depends on the brand-name of that MBA. I would argue that if there is one degree to be brand-conscious about, it is the MBA. </p>
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Now, if i were to get accepted to Ga Tech, MIT, Berkely or the like for CS, then i wouldn't have a problem with the $$$. Same goes for NYU, UCLA, USC, FSU for Film. I don't mind paying for the best of the best, but below that level it seems like the brand won't matter as much as my achievements / quality of work.
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<p>Now this I agree with. There are only a small percentage of schools out there that are highly branded enough to make them distinctive. Below that point, I agree that you might as well just save money. </p>
<p>School branding and ranking is not quite a 'winner-takes-all' market, but it is a 'winner-takes-a-lot' market. There is virtually no difference between the #200 and #250 ranked school. But there is a big difference beween the #1 and the #51 ranked school.</p>