Does It Matter Where You Get Your MBA From?
One of the most debated topics when it comes to discussing the MBA or Masters Degree in Business Administration is whether it really matters where you get your diploma. There are a variety of opinions on the issue and generally the arguments on the issue revolves around the importance of three factors: location, reputation and Convenience. In this article I examine the competing parties to this debate and how to take your decision. Like many things in life, the truth is the answer to the question whether the area where you get your MBA can be summarized in those two poignant words: It depends.
Reputation
Traditionally, MBA schools fell into two general categories. There were the top 10-15 schools that the cream of the crop and then everyone else. The top schools included many faithful Ivy League like Harvard, Wharton, Columbia, Berkeley and Princeton, among others. It also included top notch business programs that often top the list, along with the crowd, including Ivy Northwestern Kellogg School and Stanford University.
The reputation of these schools is so stellar and alumni networks so powerful that both top Wall Street investment banks and top tier domestic companies to recruit students directly from these programs. In recent years would not be unusual for a graduate from a top MBA program for his choice of several 6 figure jobs with lucrative bonuses and incentives are hiring right out of school. Whether it is on the west coast, east coast or somewhere in between, the great reputation and pedigree of one of the top MBA schools started thousands of powerful career.
Location
For those who can either not accepted, or that the preference for a school that is more responsive to a particular industry or region where the site is a balancing er is a competitive philosophy of choosing MBA-program selection. Especially in these difficult economic times when traditional MBA Wall Street jobs are not that many, many students in their career in the direction of certain non-traditional MBA niches, such as the environment, hi-tech startups or government work.
For this reason it might be useful to a school in northern California living room for example, if one was interested in pursuing work in one of the local high tech companies. Many environmental companies, such as wind and solar energy ventures are located in the Midwest that could hire more of those schools that are local. Even those engaged in traditional jobs on Wall Street may find it useful in or around New York City to take advantage of internships and networking opportunities with New York companies that they do not have the opportunity to pretend they are in another part of the country or far away.
There is also the legitimate argument that one of the greatest assets an MBA program takes you that is both the placement and alumni networking. For those who want to live in a certain part of the country, attending and the MBA program with a strong regional and local connections meaningful and Can great resources and links to that plane alert thing is a highly valued more, but less connected schools could offer.
Convenience
Finally, the last category I will discuss has to do with ease. The biggest beneficiary of this argument is no doubt about the emerging and growing trend of obtaining your MBA online or via a Distance Learning Program. Although some of these programs can compete with the prestige of a traditional brick and mortar in-person school, much to offer many of the same basic content as well as numerous electives. While networking and internship opportunities will likely pale in comparison to traditional schools if they exist, for working professionals who have an established network, this may be a requirement or of limited value.
Furthermore, those pursuing the MBA purely for academic reasons for acquiring knowledge, credentials, or even some entrepreneurs a clear cut business they just want to develop while in school, the convenience of online factor MBA programs can not be matched. And then there is the dramatic cost savings that an online MBA can offer compared to a traditional school. Because every student is different, it is important to think about your own specific goals and careers. It should soon become clear whether it matters where you get your MBA from.
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