All posts by Avi Gordon

Top 3? Top 6? Among Elite MBA’s Does It Really Matter Where You Go?

One from the files: There was a thread on the Businessweek’s “Getting into B-School” forum when it existed, and the question asked was “Does rank really matter among the top 6?”

I selected extracts to present here because the questions and comments  deal with important and corrective thinking about what matters in rankings and reputation, and which help understand how US program rankings are perceived internationally too. It finishes with common sense conclusion that I endorse.

Original question: “Does rank really matter among Top Business schools? With my European point of view, I consider that there are only 6 Top Schools (in descending order): HBS, Stanford, Wharton, Columbia, Booth and Kellogg. Actually, I don’t really care about rankings here: my only criteria is prestige (which in my view is the only thing you can’t ignore when applying to business schools). In Europe, these schools are famous: if you say Stanford or Columbia, everybody knows what you’re talking about. [But]If you say Tuck business school (at random), very few people will have heard of it regardless of the quality of the school.

“So my question is: among this prestigious top, does is REALLY matter if you go to one or another? On this forum we can often read that if you go to HBS it is infinitely better that if you go to Wharton but Wharton will change your life so much more than Kellogg, and so on and so forth.”

Response: “In France [among] 100 person taken randomly in the street and educated in France, 100 will know about HEC, 90 about Harvard, 3 to 5 about Stanford, Wharton, Kellogg, Columbia and 10 maybe will know about INSEAD. But I would say that 90 will know about Yale, Princeton, 100 about Oxford, Cambridge.”

Response: “As a Frenchman I feel the need to throw in my 2 cents on this one. INSEAD is hands down the strongest MBA brand in France. Does every random person on the street necessarily know the name? No, but who cares? The employers do.”

Response: “I would like also to add that the education at the top business institutions is quite the same. I highly doubt that you will learn better investment management in Chicago or Wharton than in Yale, Haas or Fuqua. If you visit those schools, you might get surprised by the background of the faculty. You might take a class at Berkeley taught by a Yale alumni or even receive Michael Porter at Tuck.”

Response: “Although I agree with the notion that the value of an MBA drops as the ranking drops, I do not agree that there is a substantial difference between similarly ranked programs. Every objective metric I can think of (starting salary, quality of recruiting companies, average salary of graduates after 20 years etc.) clusters most top 15 programs closely together. The main exception seem to be HBS and Stanford. Another objective metric are the GMAT and the GPA. Those two metrics are hardly distinguishable in the top 15 programs, including HBS and Stanford.”

Original: “I’ve reached my conclusion I believe: go where you think you belong regardless of what people say/think. I chose to apply to Wharton and CBS finally even if i totally agree HBS / GSB are more famous and Booth / Kellogg are great schools simply because i think it will teach me what i want to learn in my specific field… And education among them is NOT that different, apart from some specialties that should ultimately lead your choice.”

The 7 Habits of Highly Successful MBA Applicants

Happy Thanksgiving! To celebrate, here’s one from the files: American icon Stephen Covey’s “Seven Habits of Highly Effective People” sold over 20 million copies in 40 languages. It has its critics too. Nevertheless,  the soundbite “seven habits” has become synonymous with success-lingo, so I created my own Seven Habits of Highly Effective MBA Applicants. These are:

Habit 1. Know thyself. This is of course the Oracle at Delphi, but Covey wasn’t original either. The fact remains that self-knowledge, particularly in this case knowledge of the parts of yourself that count for MBA admissions—and being able to find these attributes in your profile—is the core of MBA admissions success.

Habit 2. Be yourself. Another old saw, but no less true for being so. If you don’t apply as “you,” you lose the authentic power of your own voice. Many applicants try to apply as someone else, or the “ideal” applicant. Being dinged for being you is hard. Being dinged for being someone else is pathetic.

Habit 3. Gain and demonstrate experience. Successful applicants have sought out and embraced significant experiences (work and other.) You don’t need to have traveled to the International Space Station to have had a significant experience. You just need to have taken the life chances that came your way, and be able to talk intelligently about them.

Habit 4. Develop and demonstrate character. Experiences, particularly challenging ones, create character. Good character is not just good ethics. It is the fully rounded resource base for individual decision-making and action that leads to positive choices for the individual and those around him/her.

Habit 5. Assume and demonstrate seniority. Successful applicants have reached for opportunities to become senior in their spheres of activity. Seniority is not a job type or a salary level; it is any position that implies responsibility, influence, and leadership of others.

Habit 6. Be bigger than you. Successful MBA applicants have walked the walk of doing something that is not entirely self-oriented. As I’ve written elsewhere, you don’t have to have fed the starving in Ethiopia: almost any form of unpaid community involvement counts.

Habit 7. Simplify. Push yourself to know what’s really important to say in your application, and say only that. Don’t throw everything at Adcom and hope something sticks.

Habit 7+1. Covey added an eighth habit, see below. My eighth is: A touch of class. You don’t need to listen to Dvorak while pruning your bonsai and sipping chai tea (see Habit 2.) But if your favorite book is Harry Potter and your favorite show is Phantom of the Opera and you spend a lot of time on your sun tan… while there’s nothing technically wrong with this, you leave your competitors a lot of room to beat you.

For the record, these are Covey’s seven: Be proactive. Begin with the end in mind. Put first things first. Think win-win. Seek first to understand, then to be understood. Synergise: learn to work with others to the benefit of all parties. Sharpen the saw: keep yourself physically, mentally and spiritually refreshed through such things as exercise, reading, prayer and good works. He later added the eighth: find your voice and inspire others to find theirs.

‘Bait the hook’ says The Guardian. Its also there in MBA Admissions Strategy

Today a shoutout for this how-to-write better article in the Guardian, which happily says exactly what MBA Admissions Strategy says about anticipating reader needs and serving those needs in MBA admissions essays.

Here’s the Guardian: “Call it audience awareness, call it decorum, call it reader relations if you like, but the key principle of all persuasive writing is customer service. I’m fond of a quote – variously attributed – that says: “When you go fishing, you bait the hook with what the fish likes, not with what you like.” An obvious principle, easily lost sight of.

“Putting yourself in the audience’s shoes governs everything from the shape of your argument to the choice of vocabulary. Ask what they do and don’t know about the subject, and what they need to; not what you know about it. Ask what they are likely to find funny, rather than what you do. What are the shared references that will bring them on board? Where do you need to pitch your language? How much attention are they likely to be paying?”

Here’s MBA Admissions Strategy: “MBA admissions success turns on the simplest and oldest rule in communications strategy: to win, you need to connect your objectives with those of your audience. You need to understand what your target need to see or is ready to hear, and to increase the overlap between that and what you say…

“Conveying fit between an item and its target audience is like marketing in the sense that you are selling a value proposition (you) to a consumer-client (the admissions committee) in a situation where the consumer has lots of other choices. You have to understand their needs, wants, and desires so you know what they value and why they value it, and how to pitch your product within this value system. Like any market communicator, you need to research consumer preferences, and coordinate various methods of communication (essays, interviews, recommendations, etc.) to make it clear why you are an attractive and necessary product, so that you get picked off the shelf. You create a coordinated campaign to influence the admissions officers’ “buying” decision, and manage this campaign as it unrolls over weeks or months…

“Understanding your admissions task in these terms should turn your application world upside down: it is about you but not just about you. It’s about them, and the overlap between you and them. Companies don’t make products and then try to sell them. They study the market, determine needs, and produce accordingly…

(BUT) “There is an important, immediate caveat. Nothing about this market-communications approach implies that you need to or should try to bend yourself into something you are not, or to what you think the mold of the ideal business school applicant is, and “package” yourself as such. There is no such mold. In fact, trying to be the stereotypical candidate puts you right outside the successful profile because the admissions committee wants and needs a full spread of different, diverse, authentic individuals, not an applicant stereotype…

“Therefore, your first task is always to be highly individualized, authentic, absolutely true to yourself—and then beyond that also savvy as to which parts of your unique special selfhood also happen to overlap best with the admissions committee’s needs and preferences.”