TAILIEUCHUNG - Getting into a Top 5 MBA Program

The combination of contributions of disciplines like management / business administration, computer science and organizational psychology under a change focus is an innovative approach whose sound theoretical foundation is still a work in progress. We contribute to that progress in two different ways. On the one hand, the ‘Business Engineering Center’, a pla tform that allows a structured access to a vast amount of Business Engineering knowledge, is intended to support a growing Business Engineering community, thereby gaining empirical feedback on the proposed methods and models. On the other hand, various large research projects (‘competence centers’, . for business networking,. | Getting into a Top 5 MBA Program A brief guide for applicants to Harvard Kellogg MIT Sloan Stanford Wharton and other leading business schools This document has been prepared by a group ofgraduates of various top US business schools now working for an international strategy consulting firm. It is intended as an information resource for our colleagues considering applying to business school in the future. We encourage you to choose which schools are right for you and investigate them thoroughly before applying. Why a Top MBA Unlike graduates of medical schools and law schools there is no licensing exam required to practice business in the United States. In addition the quality of accredited schools offering MBA degrees varies tremendously. This is a degree you can obtain part-time in 4 years in an executive program in 1 year via correspondence courses and from schools with near 100 acceptance rates. As a result the value of your MBA degree is directly related to the prestige of the university and business school which grants it. A recent study of the value of MBA programs concluded that if you don t get into a leading business school the economic value of the degree is really quite limited. 1 The study examined consultants at McKinsey Company and investment bankers at Goldman Sachs Co. and found that those without MBA s performed as well or better than business school graduates. The fallacy of the study was that it did not recognize that it is much harder to get such a job without an MBA degree. Intellectual horsepower and potential - rather than business knowledge - is the primary criterion top consulting firms and investment banks look for. If someone possesses a . in economics from MIT or a JD from Harvard - quite common at such firms - then that obviously serves as a more than adequate intellectual proxy for even a top two-year MBA. The required curriculum at most business schools consists of courses such as finance accounting statistics organizational .

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