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Big Ten MBA's

Discussion in 'Open Discussion (Work-safe)' started by NorthShoreBuck, Sep 22, 2004.

  1. NorthShoreBuck

    NorthShoreBuck True Madness Requires Significant Intelligence

    I am not sure how many of you read the Wall Street Journal but the list of best MBA schools came out ranked by job recruiters.

    Nationally SCUM was ranked #1.
    Northwestern was #7

    On a regional basis
    #1 Purdue
    #3 Ohio State
    #8 Mich State
    #13 Indiana
    #26 Penn State
    #32 Minnesota
    #33 Wisconsin
    #40 Illinois
     
  2. Just about everyone laughs at the WSJ rankings. The rankings that matter are Business Week and US News. The WSJ uses one little criteria to rank B-schools. 2 years ago they ranked Stanford as the #40 B-school, which is clearly a top 5 program. They forget to take into account, that Ford (scUM MBA's) is going to be happier than SS Barney (Wharton grads) because Ford has lower expectations for an MBA than a big I-bank that only recruits MBA's.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p>

    <o:p></o:p>

    That being said, scUM is doing great things with there MBA program, but they will strongly push you towards operations.<o:p></o:p>
     
  3. NorthShoreBuck

    NorthShoreBuck True Madness Requires Significant Intelligence

    You need to read who ranks them, how and why.

    This one is by hiring recruiters.

    Business Week is by alumni and professors.

    I'll go with the guys with jobs every time.

    Yes the areas of speciality vary year to year.
    Nortwestern has always been strong in Marketing.

    Carnegie Mellon was #2 nationally. They have had a push toward industrial.

    Anway you cut it a high dollar MBA is a risk.
     
  4. BIATCHabutuka

    BIATCHabutuka out of chaos comes playoffs

    i got in a debate with an ND MBA about this and neither of us had any facts, any idea of how they stacked up?
     
  5. NorthShoreBuck

    NorthShoreBuck True Madness Requires Significant Intelligence

    ND #27 regional.

    Dixie

    From what I have read the Stanford MBA's got blasted because they were arrogant and all thought they were going to start the next Microsoft. After several years of getting their ass kicked in the rankings and hirings they have adopted a new attitude toward recruiters. $80K in debt will do that to you.
     
  6. http://news.cob.ohio-state.edu/index2.php?folder=65&news=251
    "Business 2.0" Magazine Ranks Fisher College’s MBA Program Among Nation’s Top 25

    2004-09-02

    Business 2.0 magazine recently named Ohio State’s Fisher College of Business among the nation’s top 25 MBA programs. The magazine selected the 25 business schools with the highest GMAT scores, as determined by the Princeton Review. Instead of ranking the schools numerically, the magazine profiled the unique personalities and features of each program.

    The magazine praised Fisher for its state-of-the-art facilities, well-rounded and rigorous academic program and the one-on-one attention students get from faculty. It also cited that the college’s “student-alumni mentoring program is a model of its kind.”

    “We are pleased to be recognized by Business 2.0 as one of the nation’s top 25 MBA programs,” said Joseph Alutto, dean, Fisher College. “Although our program is academically challenging, students benefit from personalized attention from our esteemed faculty as well as our outstanding facilities.”

    http://news.cob.ohio-state.edu/index2.php?folder=65&news=250
    Fisher College of Business Undergraduate Program Ranks 17th in 2005 "U.S. News & World Report" Survey

    2004-08-20

    For the second consecutive year, the Fisher College of Business’ undergraduate business program was ranked 17th overall and 10th among public business schools in the U.S. News & World Report’s 2005 annual ranking of colleges and universities, released August 20.

    In addition, several specialty programs were ranked among the top 20:


    • Supply chain management and logistics - 3rd
    • Finance - 7th
    • Real estate - 7th
    • Production/operations management - 8th
    • Management - 11th
    • Accounting - 13th
    • Marketing - 15th
    "We are pleased to be one of only 11 business schools with both undergraduate and MBA programs ranked in the top 20," said Joseph A. Alutto, dean of the college. “In addition, the high rankings of our specialty programs demonstrate the strength of our program”

    U.S. News surveyed deans and senior faculty at undergraduate business programs accredited by the Association to Advance Collegiate Schools of Business. About 131 undergraduate business programs were ranked.

    http://fisher.osu.edu/about/ranking-and-statistics/rankings/
    Undergraduate

    <table cellspacing="0" cellpadding="4" width="100%" border="0"> <tbody><tr> <td colspan="3">U.S News and World Report 2004</td> </tr> <tr> <td colspan="3">17th overall, 10th among public universities</td> </tr> <tr> <td>
    </td> <td width="7%">3rd</td> <td width="93%">Supply Chain Management and Logistics</td> </tr> <tr> <td>
    </td> <td>7th</td> <td>Real Estate</td> </tr> <tr> <td>
    </td> <td>7th</td> <td>Finance</td> </tr> <tr> <td>
    </td> <td>8th</td> <td>Production/Operations Management</td> </tr> <tr> <td>
    </td> <td>11th</td> <td>Management</td> </tr> <tr> <td>
    </td> <td>13th</td> <td>Accounting</td> </tr> <tr> <td>
    </td> <td>14th</td> <td>Marketing</td></tr></tbody> </table>

    MBA Program

    <table cellspacing="0" cellpadding="4" width="100%" border="0"> <tbody><tr> <td colspan="3">U.S News and World Report 2005</td> </tr> <tr> <td colspan="3">19th overall, 5th among public universities</td> </tr> <tr> <td>
    </td> <td>6th</td> <td>Supply Chain Management and Logistics</td> </tr> <tr> <td>
    </td> <td>14th</td> <td>Accounting</td> </tr> <tr> <td>
    </td> <td>17th</td> <td>Production and Operations</td> </tr> <tr> <td>
    </td> <td>22nd</td> <td>Finance</td> </tr> <tr> <td>
    </td> <td>23rd</td> <td>Marketing</td> </tr> <tr> <td colspan="3">
    </td> </tr> <tr> <td colspan="3">Wall Street Journal 2003</td> </tr> <tr> <td colspan="3">25th overall, 9th among public universities</td> </tr> <tr> <td>
    </td> <td>7th</td> <td>top Midwest business schools</td> </tr> <tr> <td>
    </td> <td>7th</td> <td>Operations Management</td> </tr> <tr> <td>
    </td> <td>13th</td> <td>top programs with fewer than 500 students</td> </tr> <tr> <td colspan="3">
    </td> </tr> <tr> <td colspan="3">Economist Intelligence Unit 2003</td> </tr> <tr> <td colspan="3">25th worldwide, 16th in the United States, 6th among public business schools</td> </tr> <tr> <td>
    </td> <td>1st</td> <td>in diversity of recruiters</td> </tr> <tr> <td>
    </td> <td>9th</td> <td>in ability to open up new career opportunities for graduating students</td> </tr> <tr> <td>
    </td> <td>12th</td> <td>in students' reports on whether our career services department met their needs and expectations</td> </tr> <tr> <td>
    </td> <td>17th</td> <td>in percentage of students who find jobs through our career services office</td> </tr> <tr> <td colspan="3">
    </td> </tr> <tr> <td colspan="3">Financial Times 2004</td> </tr> <tr> <td colspan="3">40th worldwide, 25th in the United States, 8th among public Universities</td> </tr> <tr> <td>
    </td> <td>7th</td> <td>in how quickly our graduates move up the corporate ladder</td> </tr> <tr> <td>
    </td> <td>16th</td> <td>in placement of our graduates</td> </tr> <tr> <td>
    </td> <td>21st</td> <td>in faculty research</td> </tr> <tr> <td>
    </td> <td>27th</td> <td>in international experience</td> </tr> <tr> <td colspan="3">
    </td> </tr> <tr> <td colspan="3">BusinessWeek 2002</td> </tr> <tr> <td colspan="3">a top 50 program</td> </tr> <tr> <td colspan="3">
    </td> </tr> <tr> <td colspan="3">Journal of Blacks in Higher Education 2004</td> </tr> <tr> <td>
    </td> <td>1st</td> <td>in percentage of African American students</td> </tr> <tr> <td>
    </td> <td>1st</td> <td>in progress of African American student enrollment</td></tr></tbody> </table>
     
  7. Sloopy45

    Sloopy45 Pimp Minister Sinister

    bucknola: "Nationally SCUM was ranked #1."

    There's no way this is correct. They're trying to say that scUM's MBA Program churns out more than the Harvard Business School or Wharton? Not a chance.

    "Anway you cut it a high dollar MBA is a risk."

    Heck yeah. And you're looking at Case Study # 1.

    Was there anything in that article about how shitty my Big East/ACC MBA is ranked?
     
  8. gbearbuck

    gbearbuck Herbie for President

    Those rankings sound fishy... no way scUM is above Harvard, U.Penn., MIT, Stanford, U. Chicago, etc.

    If it is just who the interviewers are looking to hire... who do they consider the interviewers to be? If scUM is more operational and most of the interviewers were looking for operational folks, then that might shed light on the story.

    On a side note, scUM does have a very strong program... not trying to say otherwise... #1 however is a bit steep...
     
  9. NorthShoreBuck

    NorthShoreBuck True Madness Requires Significant Intelligence

    These are rankings by recruiters.

    Harvard and Stanford got bad marks for the arrogance of their grads, the salary demands and the like. The schools ranked high here also produce grads willing to work in a diverse team environment, very importatnt in this out sourced, international world. Investment banking and venture capital, the tradional Ivy League school job path are not hiring.

    Think of it from the recruiter/employer side. Do you want to pay $125K for a Harvard grad that is arrogant and will leave when he can get an IB job or $100K for a Carnegie Mellon grad that will likley stay with you longer and be easier to work with?

    I will post the results if I can copy and paste. Somebody reply after me.

    I think I have mentioned I worked with/for a Harvard MBA and a Berkley MBA.
    The Harvard MBA wrote a two page mission statement that never mentioned the customer once. He wrote a 25 page sales commission plan. He was a fucking idiot, as arrogant as they come and you know that is bad coming from me.

    The Berkley MBA was in charge or sales & marketing and he based his strategy on civil war battles.

    These surveys are good for discussion purposes only.
    As Sloopy indicated none of it is worth jack if you can't get a job.

    I went to local school for my MBA. I was out in 18 months ended up with less than $20K of debt and increased my salary by a factor of two. I got a good job and a positive ROI, something some of the Ivy league guys have yet to approach.

    There is a website vault.com where you can read some of the discussion boards on this subject. It gets ugly.


    http://online.wsj.com/documents/MB-AA024F_STATSPACK.pdf
     
  10. Thump

    Thump Hating the environment since 1994

    MBA's are a dime a dozen anymore.

    There's a glut of MBA's flooding the market right now.
     
  11. NorthShoreBuck

    NorthShoreBuck True Madness Requires Significant Intelligence

    I agree. The MBA has become the BS/BA of the 1980's. Almost a must have with little differentiation.
     
  12. tallwarrior

    tallwarrior Earned, not Given

    I am looking to enroll in an online MBA and know Indiana and Penn State have this option. I studied Finance/Accounting in my undergrad and want to go back and get my marketing emphasis. Any ideas about a good online program? With me getting my BSBA from OSU, I think a live classroom experience would not be worth the time.

    Also, my co. is picking up the tab so I want to expand my predigree while I have the chance.

    Any thoughts?
     
  13. RugbyBuck

    RugbyBuck Our church has no bells.

    What do you guys think of foreign MBA programs? No, not St. Lucia and the Grenadines, but schools in Europe and Asia. I'm giving some thought to taking the GMAT with an eye toward doing that in a year or three.
     
  14. Sloopy45

    Sloopy45 Pimp Minister Sinister

    I got some strong advice for you people: DO NOT QUIT YOUR JOB TO GET THE MBA FULL TIME. No matter how much it hurts your social life, marriage, etc. take the 2+ years and get it part-time. Believe me, its the only way to reap the financial rewards.
     
  15. NorthShoreBuck

    NorthShoreBuck True Madness Requires Significant Intelligence

    Rugby

    Can you get to my link, they rate the international MBA's.
    A lawyer with an MBA could be a dangerous, as in good, combination.
    Depends on what you want to do.

    I have thought of the exact same thing myself, getting a law degree.
    IT, copyright laws and the such seem to have endless opportunity.

    Sloopy
    I did the Executive route. I went to school for 9 continous days at the start and them went every Friday and Saturday for the rest of the time. We had a class trip/ project that required two weeks at the end. I believe most executive programs do the weekend thing now. I went on to take 6 grad level classes in IT. Those were a Thursday nights and all day Saturday affair.

    The cool thing about the executive program is you are in with adults with real world experience. They bring you all your books and materials. They feed you and you have access to resources the regular students don't. I also had two hot little assistants helping us through the program.

    Tall Warrior, again it depends on what you want to do.
    Duke and Tulane have online programs, so does Ohio U for that matter. Some frown on these as you do not get the interaction a regular program provides.
     
    Last edited: Sep 23, 2004

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