<p>Thought this was interesting...</p>
<p>-86 are from Harvard
-49 are from Stanford
-37 are from Yale
-6.7% are from the "Public Ivies" (Berkeley, UCLA, Michigan, UVA, and UT Austin)</p>
<p>This board is overrun by people who think you have to go to a top 5 program or their career will end. It never ceases to amaze me how CC is so hung up on prestige.</p>
<p>If your goal is to get a job at top consulting (McK, Bain, BCG), or I-banking at Bulge Bracket, where you do MBA is very important. Outside of top ten MBA program, it will be very tough to get such a job.</p>
<p>From the same website:
[Handicapping</a> Your Shot At a Top Business School | Poets and Quants](<a href=“http://poetsandquants.com/2011/06/23/handicapping-your-shot-at-a-top-school/]Handicapping”>http://poetsandquants.com/2011/06/23/handicapping-your-shot-at-a-top-school/)</p>
<p>interesting “Profiles” for students applying for top business schools.</p>
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<p>The board is also overrun with this line of thinking. If you want to do consulting then it is MBB or nothing and if you want to do finance then you sure as hell better end up in IB at JP, BoA, or GS. </p>
<p>If your one goal is to make MBB, then yes a top 20 MBA is pretty much a prereq…and then you have to be in the top 5% at that program. With the number of MBB/IB posts on CC you would imagine that 50% of business majors end up in these positions. </p>
<p>Consulting is so much broader than just MBB. Oliver Wyman, Booz & Co, BAH, Point B, KPMG, EY, Deloitte, Accenture, PwC, IBM, CRA, Northhighland, Capgemini, etc etc etc are all major consulting firms. And while it might surprise the board, these firms compete with MBB a lot more than you would ever imagine.</p>
<p>Going to top program increases your shot at getting your foot in the door. You can make it to IBD at BB coming out of Indiana University, and I actually know few people from my high school who did this exact thing. However, firms recruit much more heavily and give more offers to kids coming from top schools.</p>
<p>As for consulting - it should be mentioned that there is two different kinds of consulting: Strategy vs IT consulting.</p>
<p>Deloitte, Accenture, IBM, etc those firms largely do IT consulting work. and getting a job at one of these shops is exponentially easier than getting a job at top strategy consulting shop.</p>
<p>Believe it or not, most of times, getting an offer from Oliver, Monitor, Booz, or other elite strategy boutiques are almost as difficult as getting offers from MBB. </p>
<p>Also, getting an offer at top BB or top consulting firm out of non-top 10 MBA program will be very rough. Top firms don’t hand out that many offers and the competition will be a nightmare.</p>
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<p>You are really clueless if this is how you define the different consulting opportunities.</p>
<p>Two types of consulting: Strategy consulting and management consulting. Within management consulting, you have IT consulting as one aspect of a firm’s offerings. While MBB and the like are known as strategy consulting firms, they still have a much heavier presence in the management consulting space that you would imagine. The firms that you point out all go for the same business – whether you want to acknowledge it or not. Yes, MBB will compete more with one another on higher-level strategy projects, but you are kidding yourself if you do not think management consulting firms also compete with them time to time. As the economy got tougher and work became harder to sell (especially high-level strategy work), the two different hierarchies of consulting moved closer and closer to one another. </p>
<p>You have completely missed the boat thinking that Deloitte, Oliver Wyman, KPMG, EY, Accenture, IBM, Pwc etc are “IT consulting firms”. A simple look at their websites proves to even the most novice individual that these firms compete in a wide array of fields. No one person at one of these major consulting firms will ever know everything their firm offers because they all play in such a wide array of spaces. You are thinking about the world of consulting with MUCH too narrow of a focus. It is not just you; CC breeds that kind of viewpoint on both the consulting and finance world.</p>
<p>I am a consultant for a living; I know this space first hand.</p>
<p>Top MBA programs are great, but the amount of posters on here that claim to a have 750 GMAT, with a double major in English and Electrical Engineering, have founded a company with $5 mil in revenue annually by age 20 and happened to be the founding member of a not-for-profit that has developed a new way of feeding Africa children do not exist in the droves that they appear on CC. </p>
<p>MBB hire a very, very, very small portion of people from the very best schools in the country, yet are the only firms mentioned when considering a field in consulting. It blows my mind how close-minded the prestige of MBB makes 18 year olds to the vast opportunities that are available.</p>
<p>Who cares if you can’t get a job at MBB consulting. Big deal. At Wharton or HBS OCR is sick - you get recruiting from all areas of high finance, all consulting, F500, IM, PE, etc. </p>
<p>As for IT consulting, IBM exclusively only does IT work. Deloitte has Strategy & Operations as well as Business Technology division, which do completely different types of work. Same as Accenture - it has both strategy and IT divisions and people in respective divisions do different work. I actually know a guy in Accenture doing IT who is trying to network his way into Accenture’s strategy division but strategy division is much more selective and smaller than IT. The point stands that IT consulting work is much more heavy at firms such as Deloitte, Accenture, and IBM. </p>
<p>MBA outside top 15 or so is completely useless since you will miss out on most of recruiting. Plus MBA is expensive as hell to attend, you might as well go to the best program and get the best recruiting opportunities.</p>
<p>The broad strokes you (and most of CC) are using to paint these “pictures” is what everyone is griping about. </p>
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<p>There are many state schools that do an excellent job in placing students into regional firms - yes, going to a top 15 school may be better, but to say that its completely useless? Going to Fordham part time (possibly on the dime of your company) vs going to UCLA for finance - its not exactly clear cut, Fordham places excellently on Wall Street and is a regional powerhouse. </p>
<p>Or how about going to Rutgers for their pharmaceutical MBA program vs going to Cornell? - since this is my industry, I can tell you that Rutgers places better than or as well as anyone except HBS, Wharton, Stanford, and Columbia! </p>
<p>LazyKid is obviously a very intelligent kid but I just wanted to paint a different picture that most kids here on cc don’t get to see. Rankings are a convenient way for lazy people to choose a school, but dig a little deeper and you’ll find some real gems.</p>
<p>Do any firms in the industry have strong MEDIA consulting practices?</p>
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<p>What roles are these Rutgers MBA recruited for in your pharmaceutical industry?</p>
<p>I have a very close relative who has an MBA from a top 5 B school and works in the pharma industry in NJ, and she knows no one who has an MBA from Rutgers who has similar job description as she. She knows her company hasn’t hired any Rutgers MBA since she’s been there.(5 years)</p>
<p>There are many pharmaceutical companies in NJ and I am sure Rutgers MBAs are recruited. But to imply they are more desirable or that they are heavily recruited for strategic positions in the big pharma industry is highly exaggerated.</p>
<p>Same scenario for Fordham. What firms do you mean when you say Wall Street firms?</p>
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<p>Can you be a little more specific…</p>
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<p>Exactly…</p>
<p>For certain careers, the pedigree of your degree is very, very important for your career.</p>
<p>For example, in law, getting a corporate law firm job is almost 80% based on the pedigree of your institution. Many who don’t go to top 10 law schools end up unemployed or end up in a very low-paying small firm jobs doing personal injury or divorce settlement -type of work.</p>
<p>I-banking, (strategy) Management Consulting, and BigLaw are most prestige-conscious professions out there. For certain professions such as F500 corporate finance (such as GE), IT Consulting, accounting, pharmacy, medicine, or engineering, it doesn’t nearly matter as much at all where you go to school.</p>
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<p>I went to Cornell (undergrad), but I know many kids who went to Cornell Johnson MBA. From talking to these students, it became clear how much prestige of your MBA matters. For example, at HBS, close to 20-25% of entire grads end up in MBB consulting in a strong economy. At Cornell, that figure is close to 5-10%. There is a large difference in placement outcome into major firms according to tiers of schools, when we are talking about law or business schools. Of course, your individual qualification and effort including work experience, interviewing skills, or networking efforts are all important, however top firms just recruit more heavily and give out more offers to kids coming from top programs.</p>
<p>“She knows her company hasn’t hired any Rutgers MBA since she’s been there.” </p>
<p>cbreeze: what function does she work in and what company?</p>
<p>Talked to senior level HR @ Novartis, and he said that Rutgers was one of the few places they recruit at in the northeast, in addition to wharton, harvard, and columbia.</p>
<p>Those who were recruited from her school work for J&J, Merck and Bristol-Myers. Every one at her dept from entry level or higher has an MBA. It is obviously not on the operations side. I’d like to know what functions Novartis fill for Rutgers MBA.</p>
<p>Its typically technical degree + MBA for a management position in some area in pharma (e.g. manufacturing, marketing, etc.) I am interested to hear what position exactly your aunt works in.</p>
<p>I have talked to many people in departments that are “high level” - ex. business development, new product strategy, but while its true that most have their MBA … to say that they are all (or even mostly) from HWS is a huge stretch.</p>
<p>edit: this may be the huge culture divide between american pharma and european pharma. I haven’t worked at an american pharma company yet - only swiss and german</p>
<p>I am not at liberty to tell you what her position is. However, the type of positions you describe, technical background needing an MBA to get to management is what 99% of MBAs (without going to an elite b school) do.</p>
<p>However, those firms that recruit MBAs at top schools, use them for their business development, corporate finance,internal consulting, corporate strategy, product management etc.</p>
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<p>You’ll find that there are a variety of institutions represented in the above functions you have mentioned. I’m not interested in debating this topic - I have firsthand experience interacting with many of them and they do not, by any means, all come from the top 5 business schools. Again, I have mentioned this may be because of the culture divide between european/american pharmaceutical companies.</p>