<p>Sakky your points are well taken - particularly on the PhD front.</p>
<p>I would, however, offer a rebuttal to your points about Yale's SOM. I wrote about this previously in another thread (discussing the pros/cons of a Cornell MBA vs. a Yale MBA) a while back, but will cut and paste much of my main points:</p>
<p>
[quote]
5-10 years ago this would have been a no-brainer for Cornell.</p>
<p>But times change.</p>
<p>Yale has since switched from awarding Master's degree in Public and Private Management (MPPM, which is accredited as both an MBA and an MPA (Master's Public Administration)) to awarding the much better recognized MBA.</p>
<p>This important change has made a noticable difference in "recruiting" on two critical levels: 1) attracting more companies to come to seek MBAs and 2) attracting a more competive student body.</p>
<p>The proof is in the pudding. Over the course of the last 5 years or so, Yale's School of Management rankings have been climbing steadily from a Top 20-25ish program to a Top 10-15 program.</p>
<p>Meanwhile, Cornell's b-school has been going in the opposite direction. 10-15 years ago Cornell was arguably a Top 5 school. Over the last 5-10 years, Cornell is struggling to maintain a Top 10 position.</p>
<p>As I mentioned in another thread somewhere, I predict that Yale SOM will solidify a solid Top 10 position within the next 5 years and over the course of the next 10+ years, I can see it vying for a Top 5 spot.</p>
<p>Based on what?</p>
<p>1) Its current steadily increase in rankings (no other school has had a faster upward trend over the last 5 years)</p>
<p>2) Name / prestige. You just can't beat it with a stick. Starting with the Yale name just gives you such a fundamental edge. Will the MBA grads be HBS or Wharton quality? No. and corporate recruiters and top would be MBAs alike know this...</p>
<p>But as Yale starts breaking into some Top 10 lists (i.e. Cornell levels), where would you rather be a graduate of - Cornell or Yale - all things being equal? Still don't know? Where would you rather be a graduate of knowing that Cornell's position has slipped over time and Yale's position has been increasing? Now that its SOM has gained momentum, they are now only beginning to start leveraging the Yale name - i.e. attracting top faculty and students. It's really only a matter of time until its B-school starts acting like its other affiliated programs - does that mean that its B-school is riding on the coattails of its other more established programs? Of course! But that's the beauty and power that the Yale name possesses. In other words, if Princeton were to start a business school tomorrow, of course it would start with a huge hill to climb, but is there any doubt that over the course of the the following 10-20 years that a Princeton MBA wouldn't be worthy of the Princeton name? I for one wouldn't bet against it. Yale SOM is already in the enviable position of "getting over that initial hill".</p>
<p>3) $$$ will start flowing more steadily to the program, research, etc. The Yale network, access to $$$, endowment, etc. are already kicking into gear. Yale alums won't settle for a second rate B-school.</p>
<p>4) Watch CNBC, read the WSJ - you'll notice the frequency of which Yale SOM professors are often interviewed. Perhaps its proximity to Wall Street, perhaps its (again) the Yale name (given that a Yale MBA isn't really = to a Cornell MBA just yet), but still I am seeing far more activity and press coverage of Yale professors vs. Cornell professors... and at some point perception starts becoming reality - i.e. as Yale SOM starts gaining more legitimacy, it starts becoming a virtuous circle (which is how all elite programs begin) -> quality name -> attracts -> quality students -> attracts -> quality professors -> boosts quality name -> re-start cycle, etc. etc.</p>
<p>... Now. All of that said, Yale has a LONG way to go indeed until it starts vying for - being considered the same quality / level of HBS / Wharton / Stanford / Kellogg / MIT...</p>
<p>But Cornell? Yale's momentum alone should be enough for you to consider enrolling there.</p>
<p>If I were a betting man (and I am), I'd say that Yale's upward trend continues and that Yale SOM solidifies a position in the Top 10 over the next few years.</p>
<p>Put simply, right now you'd rather be a Cornell MBA grad. Tomorrow (and that's really what matters) you'd rather be a Yale MBA grad.
[/quote]
</p>
<p>Bottom line: Yale's SOM is a fast riser... not ENTIRELY due to the Yale name but a significant reason is due to the sheer strength of it. If I were applying to B-Schools today (or the next few years), Yale would certainly be on my list --> just on the basis of a high level of confidence that 5-10 years from now Yale's SOM will be a serious player.</p>
<p>My prediction is that Yale breaks into the Top 10 within the next 10 years (perhaps sooner).</p>