Isn’t the brand of the MBA and the network it provides connected? For example, if someone wants to go into investment banking in New York, or consulting, it is likely they will find similar people in their network if they choose NYU for example or Columbia. Reversely, I am not in banking so I don’t want to do an MBA at NYU with wannabe bankers. I work in tech and I need an MBA with a tech network.
@@peterkoncz This line of reasoning is about as sound as saying "don't go to UCLA unless you want to work in Hollywood." It presumes that just because a school is in one location, it MUST be associated with the industry that is generally presupposed to be associated with that location. Or it assumes that because an MBA sends SOME graduates to one industry, that industry dominates both the student and alumni bodies of those schools. I thought we had already made at least 3 or 4 videos about why these stereotypes are fallacious, but I'll give you one salient statistic. Kellogg sends more students to consulting and banking every year than NYU does. Kellogg is nowhere near New York and if you asked people what its primary reputation is they'd say "marketing." Only 7% of Kellogg's class last year went into marketing. Most top schools send roughly 80% of their grads to consulting, financial services and tech, with consulting nearly always getting the greatest share. That is because these industries offer the best learning opportunities, the easiest visa pathways, the highest post-MBA salaries, and the most opportunity for career switchers. That's as true at UCLA as it is at Harvard. No MBA has the market cornered on any industry and 10 years post-MBA all bets will be off anyway because most MBAs change jobs 3 times in that span. The brand of the MBA affects the way the general population perceives it, but it doesn't necessarily affect the way YOUR hiring managers will see it. Hope this is helpful!
Awesome video! I'm graduating in August with my MBA(not from a top school but Tier 1). My employer paid 60% and I received grants. It is definitely worth it for me. I'm graduating with 0 debt!
@@margenindustrial1098I have have had a great experience with my coursework. It was challenging but I learned a lot. I feel prepared to tackle new roles in healthcare.
Top B schools are great for networking and getting one's foot in the door. As a mid-career professor at an Ivy league school, I chose a less expensive online alternative. There is no point in shelling out $200k at this point in my career or life. At this point, the fact I am a professor at an Ivy League school trumps anything else I have ever done.
I had a professor last semester say the very same thing. It doesn't matter where you get your MBA from. Getting it from a top business school just affords you or gives you access to more prestigious networks/alumni.
I worked at a company where all three executives came from some of the most prestigious top ten MBA programs and they paid a small fortune to get their degrees. I have never seen such mismanagement, poor communication, ill-prepared presentations, or closed minded thinking as those three working together. We had a project manager who go her MBA from a "diploma mill" as they put it, but truly she had 50,000x more business acumen then either of those three combined. If you are a grown adult and you treat someone poorly because of where they got their degree and not how they treat their peers, and their knowledge, you are probably part of the problem.
Great video! When I first started looking at MBA programs I was sucked in by the ratings a bit. Now I’ve focused my search on what makes sense for me and my life (living location, culture, fit, etc.). Thanks for the great content.
I think the advantage of attending M7 schools or certainly a program from the top 20 is the magnificent network and global relationships and opportunities that come with attending a top school, although I realize that lower tier schools will still open many, many, doors. For the me, the acquired network that comes with attending a top school is priceless.
Im personally a HUGE fan of the little bloopers you throw in at the end of your videos. It's like a nice little dessert after you gave us a delicious dinner of information.
Thank you, Angela, for the helpful videos! I am a first year MBA student and I have a quick question. How do I ace in accounting because it's become a nightmare for me.
im considering a masters program in luxembourg school of business , cuz its cheaper and ROI is just great, and lux is touted to be the investment fund after USA
I agree with you a Mba or any degree dose not automatically get you a job. I do think an Mba from Harvard Dose open up a whole realm of oppertunity to work at the top companies in the world!
Great video. Thank you very much for this insight. One question, What is your point of view/experience on how the market/future employers perceives an MBA from an Online For-profit institution, especially employers from Fortune 500 companies? Thank you
We have a video on this planned for early next year, but until then - yeah, there will be some positive impact for having an online MBA from a prestigious school, mostly from being associated with the brand. As for whether it's worth getting an online MBA, we usually say no. The schools charge a lot for what is essentially only a small percentage of the value of a full/part time MBA (no networking, little peer learning, no events etc. with companies to get your foot in the door, no clubs and so on). Outside of big/ Fortune 500 companies, it's a toss up on the whims of whoever's in charge of hiring I'm afraid!
Thank you SO MUCH for all your advice. My GMAT score isn’t that high, only 640 (I took it on the last day the Classic version was available) and I also need a scholarship. I was wondering if it would be worth the money to get a lower ranked MBA but now I know it will be worth it
Prestige might matter when comparing two programs that are approximately the same price. However - cheaper, online, accredited and reputable programs may make more sense than the prestige programs, particularly if you can do them while working. UIUC, BU come to mind. You get a full MBA (not an exec MBA or an accelerated MBA) for very low cost. The reputations of the prestige schools don’t typically extend to their part-time or online programs anyway. You want the full experience, not fewer units or a faster timeline. You want to spend time learning, not traveling to/from campus. You don’t want to spend time with a lot of young ‘activists’ who lack experience or knowledge of the world. You need to account for opportunity cost of lost salary, and other costs associated with moving/living expenses. Ideally you are in a program with a school large/old enough to provide not only a substantial network but one that also offers other classes for free. One that won’t go away as universities continue to consolidate. If you can’t calculate and compare ROIs for different programs (and account for risk), then you probably should reconsider. There are a lot of unhappy graduates of prestige programs, but it’s rarely talked about. One thing to keep in mind, a non-prestige MBA today, with some classes on technology, analytics, etc. is better than a prestige one from 10-20 years ago; so much has changed. It’s harder to get into prestige programs now, for one - so the people that graduated from them that far back may not have been particularly impressive to begin with. What you learn on computers now easily surpasses what people were learning even 10 years ago. One thing I would say about prestige: despite all the BS you read on forums about it being a waste of your time to do anything other than an M7 or Top 10/20, etc. I think there probably isn’t much difference content-wise with the top 50 or even 80 programs. If you are considering programs much higher than that, I’d be a lot more wary. Not all of academia is a scam, but parts of it are. Even parts of the prestige programs are.
I went through your list and did not find this school that just accepted me into their business school, it is an online one that really works for me at this point in my life. The school is Quantic School of Business and Technology. What do you think?
Hi Angela, I’ve been following your content for a while now and I have found great value in your MBA interview prep videos as they’ve helped me prepare for my interviews. I’m glad that you’ve spoken about this and I would like to know your opinion on my case. I researched schools that would enable to launch my career in product management. I’ve looked at programs like Foster, Kenan Flagler and McCombs and I’ve applied to them. A friend of mine has said it would be much better if I was applying to UCLA or UCB. I understand the value of brand recognition but according to my research I was very happy to learn about the collaborate environment within the schools that I’ve applied to. I’m an international applicant from India and really confused about what I should do as some say recruiting is very competitive for international applicants
In your case, a school like Foster has much better recognition than UCLA Anderson! Business schools are (more or less) separate entities from their parent universities even if sometimes their reputations correlate. If you're looking at UCLA Anderson because UCLA is famous, despite the fact your research shows you'd have a better learning and networking experience somewhere else, I'd advise against it!
Hi Warisha! Good question. First thing is, there is not a vast difference in terms of the brand recognition of all 5 schools you mentioned. The biggest difference among them is their regional clout - the UC schools are big in LA. Foster is king in the Pacific northwest, McCombs in Texas, etc. If you have a strong preference for WHERE You want to work post-MBA that would be a bigger driver of your choice than "prestige." Recruiting can indeed be tough for internationals because not all companies can sponsor a visa, so your next criterion should be companies that allow you to do OPT afterwards - AKA STEM certified schools. In the process you also need to think really carefully about WHICH career opportunities you want post-MBA and then research which of these schools can actually facilitate those jobs. You may find that all of them do, or you may find that some schools that are lower ranked actually do better in placement for the jobs you want. (Our career report can help: careerprotocol.com/best-mba-program-for-your-career/) That should be the third criterion. Finally, apply to any and all schools that give you what you want - that might be all 5 of these. The process is brutally competitive for candidates like you, so give yourself the best chance at success by applying to more programs and thereby giving more schools the ability to see you in their program and choose you. Good luck!!
What exactly have you read and does it resonate with you as true if you think for yourself? Or, put it another way, do the points I am making in this video make sense to you? What are your thoughts?
It used to not matter, but now it does in Canada. There’s been a surge of “anomalous” diploma mills, and international students abusing the “student pathway” for immigration purposes. These particular diploma mills, have sub par requirements, and questionable practices. So the brand of your MBA, now matters. You don’t want to get from these so called, “diploma mills”
yeah this is a global phenomenon, unfortunately. There are still hundreds of great "unbranded" MBA programs, but just because the degree confers an MBA doesn't meant that it's worth it.
Do a top 20 MBA. top 20 MBA prepares you for consulting work even if you do not want to be in consulting. It challenges you in every way. All top 20 is going to cost you over 120k so just choose the best one you can. It does not guarantee you the job you want immediately but at least you get looked at. It tells employers that you are competitive too. UCLA MBA has a mandatory consulting or open up your business requirement before graduating. Obviously, the networking is much better but don't depend too much on it because if they are not the hiring manager in a public company, they can only do so much.
Also some companies like MBB only look at top 20 MBA schools for their consultant jobs. These are called Target schools. BAIN makes it clear on their website that they only take in from top MBA schools.
Do you disagree?
thanks for this approach!
I loved how you explained this ❤️ I can not express how helpful this is
Bain doesn’t recruit at Case Western and neither does private equity of investment banks. Employers are rank conscious
Isn’t the brand of the MBA and the network it provides connected? For example, if someone wants to go into investment banking in New York, or consulting, it is likely they will find similar people in their network if they choose NYU for example or Columbia. Reversely, I am not in banking so I don’t want to do an MBA at NYU with wannabe bankers. I work in tech and I need an MBA with a tech network.
@@peterkoncz This line of reasoning is about as sound as saying "don't go to UCLA unless you want to work in Hollywood." It presumes that just because a school is in one location, it MUST be associated with the industry that is generally presupposed to be associated with that location. Or it assumes that because an MBA sends SOME graduates to one industry, that industry dominates both the student and alumni bodies of those schools. I thought we had already made at least 3 or 4 videos about why these stereotypes are fallacious, but I'll give you one salient statistic. Kellogg sends more students to consulting and banking every year than NYU does. Kellogg is nowhere near New York and if you asked people what its primary reputation is they'd say "marketing." Only 7% of Kellogg's class last year went into marketing.
Most top schools send roughly 80% of their grads to consulting, financial services and tech, with consulting nearly always getting the greatest share. That is because these industries offer the best learning opportunities, the easiest visa pathways, the highest post-MBA salaries, and the most opportunity for career switchers. That's as true at UCLA as it is at Harvard. No MBA has the market cornered on any industry and 10 years post-MBA all bets will be off anyway because most MBAs change jobs 3 times in that span. The brand of the MBA affects the way the general population perceives it, but it doesn't necessarily affect the way YOUR hiring managers will see it. Hope this is helpful!
I got my MBA 13 years ago and not once have I been asked where I got it from because nobody cares.
If you don't get promoted then it's worthless
@@djrednitro4116 In my job, a Masters puts you at the top of the pay scale, so its been worth it for me.
Thank you
Awesome video! I'm graduating in August with my MBA(not from a top school but Tier 1). My employer paid 60% and I received grants. It is definitely worth it for me. I'm graduating with 0 debt!
That is awesome!
I'm almost finished with my MBA from an online school. I'm hoping my 19 years as a nurse will help me secure a great position.
can you share your experience with the online MBA. is it good? any negative experience or areas you think need experience?
@@margenindustrial1098I have have had a great experience with my coursework. It was challenging but I learned a lot. I feel prepared to tackle new roles in healthcare.
Can you share the institution name? Thanks
Great to hear I’m currently an emergency RN hoping to do the same
Top B schools are great for networking and getting one's foot in the door. As a mid-career professor at an Ivy league school, I chose a less expensive online alternative. There is no point in shelling out $200k at this point in my career or life. At this point, the fact I am a professor at an Ivy League school trumps anything else I have ever done.
What an excellent video! Agree with absolutely everything you said!
I had a professor last semester say the very same thing. It doesn't matter where you get your MBA from. Getting it from a top business school just affords you or gives you access to more prestigious networks/alumni.
Definitely!
I worked at a company where all three executives came from some of the most prestigious top ten MBA programs and they paid a small fortune to get their degrees. I have never seen such mismanagement, poor communication, ill-prepared presentations, or closed minded thinking as those three working together. We had a project manager who go her MBA from a "diploma mill" as they put it, but truly she had 50,000x more business acumen then either of those three combined. If you are a grown adult and you treat someone poorly because of where they got their degree and not how they treat their peers, and their knowledge, you are probably part of the problem.
Yep. A Top MBA degree does not guarantee intelligence, business savvy, or kindness, unfortunately. There are jerks everywhere, as they say. :|
Great video! When I first started looking at MBA programs I was sucked in by the ratings a bit. Now I’ve focused my search on what makes sense for me and my life (living location, culture, fit, etc.). Thanks for the great content.
What are your thoughts on Southern New Hampshire University MBAs??
I think the advantage of attending M7 schools or certainly a program from the top 20 is the magnificent network and global relationships and opportunities that come with attending a top school, although I realize that lower tier schools will still open many, many, doors. For the me, the acquired network that comes with attending a top school is priceless.
What is your thoughts on MBA programs from school like WGU?
Any update?
Update?
Im personally a HUGE fan of the little bloopers you throw in at the end of your videos. It's like a nice little dessert after you gave us a delicious dinner of information.
Thank you! I have a lot of fun choosing my favourite one to include (there are a lot to choose from...)
Thank you, Angela, for the helpful videos! I am a first year MBA student and I have a quick question. How do I ace in accounting because it's become a nightmare for me.
Hahaha. I wish I knew the answer! Get help from one of your classmates who was formerly an accountant?
im considering a masters program in luxembourg school of business , cuz its cheaper and ROI is just great, and lux is touted to be the investment fund after USA
Love it!
I agree with you a Mba or any degree dose not automatically get you a job. I do think an Mba from Harvard Dose open up a whole realm of oppertunity to work at the top companies in the world!
Great video. Thank you very much for this insight. One question, What is your point of view/experience on how the market/future employers perceives an MBA from an Online For-profit institution, especially employers from Fortune 500 companies? Thank you
We have a video on this planned for early next year, but until then - yeah, there will be some positive impact for having an online MBA from a prestigious school, mostly from being associated with the brand. As for whether it's worth getting an online MBA, we usually say no. The schools charge a lot for what is essentially only a small percentage of the value of a full/part time MBA (no networking, little peer learning, no events etc. with companies to get your foot in the door, no clubs and so on).
Outside of big/ Fortune 500 companies, it's a toss up on the whims of whoever's in charge of hiring I'm afraid!
Thank you very much for your insight, I truly appreciate it and look forward to watching the video when it comes out next year. @@CareerProtocol
Thank you SO MUCH for all your advice. My GMAT score isn’t that high, only 640 (I took it on the last day the Classic version was available) and I also need a scholarship. I was wondering if it would be worth the money to get a lower ranked MBA but now I know it will be worth it
Prestige might matter when comparing two programs that are approximately the same price. However - cheaper, online, accredited and reputable programs may make more sense than the prestige programs, particularly if you can do them while working. UIUC, BU come to mind. You get a full MBA (not an exec MBA or an accelerated MBA) for very low cost. The reputations of the prestige schools don’t typically extend to their part-time or online programs anyway. You want the full experience, not fewer units or a faster timeline. You want to spend time learning, not traveling to/from campus. You don’t want to spend time with a lot of young ‘activists’ who lack experience or knowledge of the world. You need to account for opportunity cost of lost salary, and other costs associated with moving/living expenses. Ideally you are in a program with a school large/old enough to provide not only a substantial network but one that also offers other classes for free. One that won’t go away as universities continue to consolidate. If you can’t calculate and compare ROIs for different programs (and account for risk), then you probably should reconsider. There are a lot of unhappy graduates of prestige programs, but it’s rarely talked about. One thing to keep in mind, a non-prestige MBA today, with some classes on technology, analytics, etc. is better than a prestige one from 10-20 years ago; so much has changed. It’s harder to get into prestige programs now, for one - so the people that graduated from them that far back may not have been particularly impressive to begin with. What you learn on computers now easily surpasses what people were learning even 10 years ago. One thing I would say about prestige: despite all the BS you read on forums about it being a waste of your time to do anything other than an M7 or Top 10/20, etc. I think there probably isn’t much difference content-wise with the top 50 or even 80 programs. If you are considering programs much higher than that, I’d be a lot more wary. Not all of academia is a scam, but parts of it are. Even parts of the prestige programs are.
BS, youre not gonna advance with a liw ranked mba especially wortjless if you end up spending 50k on it
I went through your list and did not find this school that just accepted me into their business school, it is an online one that really works for me at this point in my life. The school is Quantic School of Business and Technology. What do you think?
Hi Angela,
I’ve been following your content for a while now and I have found great value in your MBA interview prep videos as they’ve helped me prepare for my interviews.
I’m glad that you’ve spoken about this and I would like to know your opinion on my case. I researched schools that would enable to launch my career in product management. I’ve looked at programs like Foster, Kenan Flagler and McCombs and I’ve applied to them. A friend of mine has said it would be much better if I was applying to UCLA or UCB. I understand the value of brand recognition but according to my research I was very happy to learn about the collaborate environment within the schools that I’ve applied to. I’m an international applicant from India and really confused about what I should do as some say recruiting is very competitive for international applicants
In your case, a school like Foster has much better recognition than UCLA Anderson! Business schools are (more or less) separate entities from their parent universities even if sometimes their reputations correlate. If you're looking at UCLA Anderson because UCLA is famous, despite the fact your research shows you'd have a better learning and networking experience somewhere else, I'd advise against it!
Hi Warisha! Good question. First thing is, there is not a vast difference in terms of the brand recognition of all 5 schools you mentioned. The biggest difference among them is their regional clout - the UC schools are big in LA. Foster is king in the Pacific northwest, McCombs in Texas, etc. If you have a strong preference for WHERE You want to work post-MBA that would be a bigger driver of your choice than "prestige." Recruiting can indeed be tough for internationals because not all companies can sponsor a visa, so your next criterion should be companies that allow you to do OPT afterwards - AKA STEM certified schools. In the process you also need to think really carefully about WHICH career opportunities you want post-MBA and then research which of these schools can actually facilitate those jobs. You may find that all of them do, or you may find that some schools that are lower ranked actually do better in placement for the jobs you want. (Our career report can help: careerprotocol.com/best-mba-program-for-your-career/) That should be the third criterion. Finally, apply to any and all schools that give you what you want - that might be all 5 of these. The process is brutally competitive for candidates like you, so give yourself the best chance at success by applying to more programs and thereby giving more schools the ability to see you in their program and choose you. Good luck!!
This is radically different from everything I have read.
What exactly have you read and does it resonate with you as true if you think for yourself? Or, put it another way, do the points I am making in this video make sense to you? What are your thoughts?
It used to not matter, but now it does in Canada. There’s been a surge of “anomalous” diploma mills, and international students abusing the “student pathway” for immigration purposes.
These particular diploma mills, have sub par requirements, and questionable practices.
So the brand of your MBA, now matters. You don’t want to get from these so called, “diploma mills”
yeah this is a global phenomenon, unfortunately. There are still hundreds of great "unbranded" MBA programs, but just because the degree confers an MBA doesn't meant that it's worth it.
Do a top 20 MBA. top 20 MBA prepares you for consulting work even if you do not want to be in consulting. It challenges you in every way. All top 20 is going to cost you over 120k so just choose the best one you can. It does not guarantee you the job you want immediately but at least you get looked at. It tells employers that you are competitive too. UCLA MBA has a mandatory consulting or open up your business requirement before graduating. Obviously, the networking is much better but don't depend too much on it because if they are not the hiring manager in a public company, they can only do so much.
Also some companies like MBB only look at top 20 MBA schools for their consultant jobs. These are called Target schools. BAIN makes it clear on their website that they only take in from top MBA schools.
Thanks for sharing your perspective 😊
Yes it does matter. A ferrari is better than a pinto but at the end of the day both are just cars.
Kinda the point. They both get you from pint A to point B.
I am going to pursue my MBA in the location I want to stay at.
Very good choice!!!
How do you feel about online MBA programs?
We just posted a video on this! ua-cam.com/video/j0ejk_kF1YA/v-deo.html
I agree. Very coherent thought.
5:04 3 things
I see you're on a major binge. 🤣Make sure to pause for sleep.
Great video.