I've been wondering about this for a while and I apologize if I come off as being ignorant. Personally, I've never met a top MBA graduate who ended up jobless after graduation. Does every graduate earn financial success? What happens to those who don't? Why do you think those ended up that way?
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What do you define as "success"? Do the vast majority of M7 MBA grads land good six-figure jobs? Yes. Will they all end up becoming multimillionaires? Absolutely not. The median income of HBS grads 20 years after graduation is only like $250K.
I think M7's primary value is in getting you access to top firms across multiple industries and allowing you to make a career transition. I'm less certain on the long-term value of the network; I think that's mostly marketing hype by the schools. It's that first post-MBA job where the name brand is insanely valuable.
Same question above, define success.
As someone who attends an M7 school....
The answer is absolutely not. Your attendance at Harvard, Stanford, Wharton, Booth, Kellogg, Columbia, Sloan, yada yada yada does not provide you with a guarantee of anything. The MBA is a tool and yes, you can use that tool to open doors that wouldn't have opened without it. Still, you go into this with a game plan on how you can be competitive.
The recent grads who I've seen be successful in landing good positions with strong firms planned out their two years very well and actively worked to position themselves for the roles they were looking for. They knew how to leverage their pre-MBA experience and used their time during the year and in the summer to fill any potential holes.
If you decide to go into the MBA process thinking only that it will somehow make you "successful" without significant legwork and planning on your part, you will definitely not come out ahead. In terms of having a job after graduation, mostly everyone is employed with strong comp afterwards. Still, your end goal shouldn't be your post-MBA "job", but rather a step towards your further career goals.
I can't think of a single thing in life that guarantees success.
Agreed.....outside of marrying Paris Hilton and getting it done without a prenup ;)
Disclaimer: My friend's roommate is a CBS grad. And he's an "entrepreneur"...
At top b-schools when a student says that he wants to do a startup, it's euphemism for "I'm unable to get the finance job I want, but I want to make quick money, so I'm gonna do a startup and see if a VC firm will give us funding."
More like "unable to get the BUYSIDE finance job I want."
Yeah while searching online for one year MBA I found the best information on http://www.thunderbird.edu/one-year-mba-option providing the great opportunities. These one year MBA programs are designed for getting fast growth into the business world.
I loved reading the opinions on the Poets and Quants article on the commercialization of Thunderbird's MBA program. I think the members of this site would get a kick out of it too. Pretty much everyone gangs up on the lack of prestige and value of the Tbird program.
http://poetsandquants.com/2013/07/11/thunderbird-a-case-study-in-organi…
The "Ross is racist" guy shows up too!
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