Thursday, January 27, 2011

Your Non-HBS Degree is Worthless - The MBA Show Episode 18



The GMAT company has good news: every MBA is getting a job. The bad news comes from a study at Kellogg Northwestern: If you didn't go to HBS or Wharton you may have a hard time getting that i-banking job.

(0) CTA: SUBSCRIBE TO US ON ITUNES

(1) Headlines: WE ARE ALL GETTING JOBS
• GMAC, company that makes the GMAT, released it’s annual hiring survey
• Good news: 20% more companies hired at least one MBA than 2009. even better next year
• Nearly everyone is maintain or increasing the salaries they offer MBAs.

The unemployment rate is over 9.4% and home prices are falling, and for MBA’s hiring is up 20%!

Miro: Is that good news?

This is part of a new presentation strategy that I’m trying out. I end every rant with a positive statistic and say everything like it’s good news. Go ahead and try it out with some more stats.

Our national budget deficit this year is $1.5 trilliion
Our national Debt is $13 trillion
64% of companies plan to hire MBA’s next year.

Celebration. Things are looking bright my friend!

http://www.gmac.com/NR/rdonlyres/4E0EF485-A6DE-40EB-B2FB-11747DCF2711/0/2010EmployerPollReport_WebRelease_Amended.pdf

(2) Headlines: YOUR NON HARVARD DEGREE IS WORTH NOTHING

Many people wonder how many schools are the top tier of b-school.

We’ve been doing an informal survey of people and we have found that if you ask students at the 5th ranked business school, they’ll say that there are about 5 elite business schools. And if you ask students at MIT, the 9th ranked MBA program, they’ll say that there are about 9 elite business schools.

But now, for the first time, has scientifically determined the actual number of top-tier schools out there. The number is 2.
Lauren Rivera, an assistant professor of management and organizations at Northwestern University has gained access to the secret hiring practices of several prominent firms and
If you go to Harvard or Wharton, your degree is like gold. You are sporting some killer fairy dust.

Since we don’t know who these mystery companies are, lets just call them G. Sachs. and O’kinsey.

What she found was a hiring culture that is extremely obsessed with pedigree.

No surprises there. But even great schools don’t make the cut:

“Hey, I didn’t go to HBS [Harvard Business School] but, you know, I am an engineer at M.I.T. and I heard about this fair and I wanted to come meet you in New York.” God bless him for the effort but, you know, it’s just not going to work.

What happens to a resume that comes from Rutgers? And the guy says “I’m just being really honest, is basically goes into a black hole.” Yikes.

Miro, this hurts me because

So the take away is if you are going to a non-harvard, you can still get an iBanking job, but don’t expect to be hired because of your degree. You need to bring real skills.

http://poetsandquants.com/2011/01/07/is-an-elite-mba-degree-worth-the-cost/
http://chronicle.com/blogs/percolator/brown-and-cornell-are-second-tier/27565


3) Jargon: Fairy dust
Is that an MBA street drug? Not quite. Fairy dust is what you get when you rub your resume really hard against a top tier educational institution such as Harvard.

So how would someone use this term in a sentence.

Well, suppose someone asks you why you are attending Harvard Kennedy School to get a dual degree along with your MBA. You might respond in the following way. Well Miro, aside form the obvious Harvard fairy dust, I’m hoping to go into politics.

So you’re saying that It’s a way of casually acknowledging that part of the reason that you’re going to Harvard is just so that you can say I went to Harvard. Which everyone knows, but it feels cheap to say it out loud.

(5) Business School Tip of the Week:
- Get two referrals at the end of every conversation. Job networking, business starting. Any question.
Follow-up: can i use your name

You only need one cold introductionn.

Thanks for sitting down with me. Who else should I be talking to about this topic?

(7) What’s on your Radar?
Miro: Nephew’s birthday
Tom: Tutoring Tutoring Tutoring

68 comments:

  1. I've heard fairy dust called "dropping the H-Bomb," which I also like.

    ReplyDelete
    Replies
    1. IEEE Final Year projects Project Centers in India are consistently sought after. Final Year Students Projects take a shot at them to improve their aptitudes, while specialists like the enjoyment in interfering with innovation. For experts, it's an alternate ball game through and through. Smaller than expected IEEE Final Year project centers ground for all fragments of CSE & IT engineers hoping to assemble. Final Year Projects for CSE It gives you tips and rules that is progressively critical to consider while choosing any final year project point.

      JavaScript Online Training in India

      JavaScript Training in India

      The Angular Training covers a wide range of topics including Components, Angular Directives, Angular Services, Pipes, security fundamentals, Routing, and Angular programmability. The new Angular TRaining will lay the foundation you need to specialise in Single Page Application developer. Angular Training

      Delete
  2. Great one Jimmy G. Here's some other Harvard terms that always amuse me:

    H-Squared: Someone who has their undergrad and graduate degree from Harvard

    Over the river: The euphemism we use at Sloan for HBS, since it's on the other side of the Charles

    A School in Cambridge: As an undergrad people were weirdly sheepish about saying they went to Harvard. Inevitable this is how they would describe their school.

    ReplyDelete
  3. Haha. Here's another:

    "I went to school in Boston. Well not IN Boston, but near-by. No, not Tufts."

    -Toofer, 30 Rock

    ReplyDelete
  4. I got my MBA from the University of San Francisco, which is nowhere near the top rankings for MBA programs. It has never opened any doors for me or made me eligible for anything except entry-level jobs. Fellow alumni have even shut me out of their networks because they consider my military background to be worthless. Prospective MBA students should only bother applying to the top MBA schools; othwerwise, forget the MBA and just keep working.

    ReplyDelete
  5. Ya! This is another interesting video for me and also helpful..!
    _______________
    Cheap Essay Writing

    ReplyDelete
  6. Despite the fact that top names may have more clout it is reassuring to know that having real skills and networking can still make a big difference. It takes a combination of skills to make in a competitive field such as i-banking.

    Trident University

    ReplyDelete
  7. Really appreciate this wonderful post that you have provided for us.Great site and a great topic as well i really get amazed to read this.
    real estate course

    ReplyDelete
  8. I would have to say I do not agree with you. I currently am searching for mba programs in pa and while accreditation is a priority I am focused more on gaining knowledge and skills rather then some resume booster.

    ReplyDelete
  9. This look of both net local bingo rules uk have risen tremendously, Truth be told there are great number of individuals that play these free casino bonus games, not simply for entertainment, but probably some poker online winnings. To know more details visit blackjack online and sports bet.

    ReplyDelete
  10. This is really awesome and i love that.. This is very unique thing you put on that post.. Thanks for sharing. Don't ignore only one top essay writing tip!

    ReplyDelete
  11. Thank you, I've been seeking for info about this subject matter for ages and yours is the best I have discovered so far. girlsdoporn

    ReplyDelete
  12. A large range car stickers are available. Unique designed car stickers and best quality stickers available. we provide unique shapes stickers. Essay Services

    ReplyDelete
  13. I love the humor your post has offered. I enjoyed this site a lot. Keep posting article like this. It is fun. Nice photography too ! comment pirater un compte facebook

    ReplyDelete


  14. This site is a leading resource for information about the Linda Allen Yeast Infection No More PDF book that teaches you a unique and rare yeast infection cure to eliminate candida and gain complete relief in as little as 12 Hours. my website

    ReplyDelete
  15. The learning lab is providing the best Maths and English tutor in Sydney and if you are looking for maths tutor for your child contact us now! Snapdeal Coupons

    ReplyDelete
  16. I love the humor your post has offered. I enjoyed this site a lot. Keep posting article like this. It is fun. Nice photography too ! SEO for law firms

    ReplyDelete
  17. Really appreciate this wonderful post that you have provided for us.Great site and a great topic as well i really get amazed to read this. changed the way we work

    ReplyDelete
  18. Golden quadrilateral is one of the best road that you will find in India. It was started in 2001 and got completed in 2012 business credit account

    ReplyDelete
  19. A very awesome blog post. We are really grateful for your blog post. You will find a lot of approaches after visiting your post. I was exactly searching for. Thanks for such post and please keep it up. Great work how to treat gut dysbiosis

    ReplyDelete
  20. Really impressive post. I read it whole and going to share it with my social circules. I enjoyed your article and planning to rewrite it on my own blog. read this

    ReplyDelete
  21. People caring for small children, elderly parents or family members with a disability; employees facing an illness or managing a disability; and workers involved as community volunteers may all need flexibility at work. Cell Phone Repair Wilmington NC

    ReplyDelete
  22. ED Hardy Outlet http://www.edhardypopsale.com

    Michael Kors Outlet http://www.michaelkorsoutletsonlines.us.com

    Coach Outlet http://www.coachoutletonlinesstore.us.com

    Kate Spade Outlet http://www.katespadeoutletsstore.us.com

    Cheap Jordans http://www.cheapjordansretro.us.com

    Michael Kors Outlet Store http://www.michaelkorsoutletsstores.us.com

    Coach Handbags http://www.coachhandbagstore.us.com

    Coach Factory http://www.coachoutletsonlinestore.us.com

    Oakley Sunglasses http://www.oakleyglassessale.us.com

    Tory Burch Outlet http://www.toryburch-outlet.us.org

    Longchamp Handbags http://www.longchampoutlets.us.com

    Louis Vuitton Outlet http://www.pagina16.com

    Michael Kors Handbags http://www.innnov8.com

    Coach Outlet http://www.innnovate.com

    UGG Boots http://www.uggbootsoutlets.us.com

    Red Bottom Shoes http://www.redbottomshoeoutlet.com

    Moncler Jackets http://www.monclerdownjackets.us.com

    North Face Outlet http://www.northfaceoutletblackfriday.com

    Kate Spade Black Friday http://www.katespadefactoryoutlet.us.com

    Moncler Outlet http://www.monclerjacketsoutlet.com.co

    Coach Factory http://www.maganates.com

    Coach Handbags http://www.coachhandbagsfactoryoutlet.us.com

    Kate Spade Outlet http://www.katesapdeoutlet.us.org

    North Face Jackets http://www.northfacejacketsinc.com

    Ray Ban Outlet http://www.raybanoutlets.com.co

    Cheap Ray Ban Sunglasses http://www.raybanglasses.name

    Burberry Outlet http://www.burberryoutletsstore.us.com

    Cheap UGG Boots http://www.uggbootoutlet.us.com

    Christian Louboutin Shoes http://www.christianlouboutinshoes.name

    North Face Outlet http://www.outletnorthface.name

    Coach Factory Outlet http://www.coachfactoryoutlet.name

    Kate Spade Outlet http://www.katespadeoutletonline.name

    Michael Kors Outlet http://www.michaelkorsoutlet.name

    Coach Outlet http://www.coachoutlet.name

    Nike Air Max http://www.nikeairmaxstore.ru

    Moncler Jackets http://www.monclerjacketsru.ru

    Nike Roshe Run http://www.tanienikerosherun.pl

    Cheap Nike Air Max http://www.nike-airmaxaustralia.com

    Buty Nike Air Max http://www.airmaxsprzedazdla.pl

    Nike Air Max Damskie http://www.cheapnikeairmax.pl

    Nike Air Max http://www.nikeairmax.com.co

    Cheap Red Bottom Shoes http://www.redbottomshoes.name

    Christian Louboutin Outlet http://www.christianlouboutinsoutlets.com

    Burberry Outlet http://www.outletburberry.us.com

    Balenciaga Outlet http://www.balenciagaoutlet.us.com

    Burberry Handbags http://www.burberryshandbag.us.com

    Balenciaga Handbags http://www.balenciagahandbags.us.com

    Louis Vuitton Wallet http://www.louisvuittonwallets.org

    Cheap UGG Boots http://www.uggcheapbootstore.com

    Uggs Boots http://www.uggbootsinc.us.com

    Kate Spade Outlet http://www.katespadeoutleinc.com

    Toms Shoes http://www.tomshoesoutlet.us.com

    Hermes Blet http://www.hermesbeltstore.com

    UGG Boots http://www.uggboots2015.us.com

    UGG Boots Outlet http://www.uggbootsoutlet.net

    UGG Boots Sale http://www.uggbootssale.us.com

    ReplyDelete
  23. This is really awesome and i love that.. This is very unique thing you put on that post.. Thanks for sharing. leaky gut

    ReplyDelete
  24. Here you will get all the Snapdeal Cash back offers Yes ! Cash back offers plays an important role in the Savings so we have to follow this website Snapdeal Cash back offers, Thanking you

    ReplyDelete

  25. http://Jabongcashbackoffers.in


    Jabong is one of the top online fashion related website you can getjabong cashback Offersthat

    Jabong is one of the top online fashion related website you can getjabong cashback 2017that

    Jabong is one of the top online fashion related website you can getjabong offersthat

    Jabong is one of the top online fashion related website you can getJabong cashback Dealsthat

    Jabong is one of the top online fashion related website you can getjabong Offersthat

    Jabong is one of the top online fashion related website you can getJabong 2017 Cashbackthat

    Jabong is one of the top online fashion related website you can getJabong SBI Cashbackthat

    ReplyDelete
  26. Discount promo codes, lender supplies and cellular pockets enable clients to search for more in a lesser cost checkout jabong in Shopozo for this coupons and deals.

    ReplyDelete
  27. Grab Cashback - Up to 50% Off at Flipkart SHOP NOW,
    ICICI debit card EMI offers - Flipkart,
    Debit card EMI facility - Flipkart,
    ICICI debit card EMI offers - Flipkart,
    Flipkart HDFC EMI offers,
    Grab Cashback - Up to 50% Off at Flipkart SHOP NOW,
    10% Instant Discount on SBI Credit Cards at Flipkart,
    10% Instant Discount on SBI Credit Cards - Flipkart
    10% Instant Discount with HDFC Bank Debit and Credit at Flipkart
    10% Instant Discount on SBI Credit Cards - Flipkart,
    10% Instant Discount on SBI Credit Cards at Flipkart
    Monsoon Offers on Home Appliances - Flipkart,
    Flipkart SBI Offer 2019: 10% Instant Cashback,
    Flipkart HDFC Offer 2019: 10% Instant Offer,
    Flipkart Cashback offer 2019: 10% Cashback,
    Cashless Pay Store - Flipkart,
    Flat Rs. 4000 instant discount on transactions made using at Flipkart,
    No Cost EMI available on Credit Cards Valid till 10 January at Flipkart
    Diwali Festive Sale from 9pm - Flipkart
    10% Off on All Cards on Home Appliances - Flipkart
    10% Off on Cooling Days at Flipkart on SBI Credit Cards | SBI Card
    flipkart samsung carnival,
    flipkart mobiles,
    TV & appliances Sale (Axis Bank Offer) at Flipkart,
    10% Off on purchase of Fashion, Home & Furniture and at Flipkart,

    Air purifiers Offers - Flipkart,
    Offer Details - Flipkart,
    SBI Debit Card Offer at Flipkart,
    Extended Warranty on Appliances - Flipkart,
    Ganesh Chaturthi Festive Offers - Flipkart,
    EMI on Debit Cards - Flipkart,
    Top selling Latest Mobiles - Flipkart,
    Honor Mobiles Day - Flipkart
    Axis Bank Debit Card - Flipkart,
    HDFC Debit Cards - Flipkart,
    ICICI Debit Cards - Flipkart,
    Top selling Latest Mobiles - Flipkart,
    Explore New & Latest Mobiles of this season - Flipkart
    Republic Day Sale - 10% Instant Discount on SBI Credit Cards - Flipkart
    Flipkart cashback offers coupons-Daily discount Coupons
    Flipkart Bank offers,
    Flipkart Cashback Offers Coupons Electronics ,
    Flipkart Cashback offers Lifestyle ,
    Flipkart Cashback offers on Music,
    Flipkart Cashback offers on Computers devices,
    Flipkart Cashback offers on Furniture ,
    Flipkart Cashback offers on Footwear ,
    Flipkart Cashback offers on Accessories,
    Flipkart Cashback offers on Other Products ,
    Microwave oven – Get 20% to 55% offer,
    Flipkart Cashback offers on Watches,Flipkart Mobile Offers
    flipkart Credit card offers
    flipkart offers
    Flipkart cashback offer
    Flipkart Cashback
    Flipkart offers 2017
    Flipkart SBI Offer
    flipkart cashback offers
    Flipkart Vouchers
    flipkart laptop offers
    flipkart mobile Offers
    Flipkart cashback Coupons
    flipkart offers
    flipkart electronics offers
    flipkart Clothing Offers
    flipkart Air Conditioners

    Flipkart Bank Cashback,Cashback Offers
    AXIS Bank:10% discount Cashback
    ICICI Bank :15% Cashback Discount
    Yes bank:10% Cashback Discount
    State Bank of India:10% Cashback Discount
    HDFC Bank:10% Cashback Discounts
    CITI Bank:10% Cashback Discounts
    flipkart cashless payday sale
    flipkart pay day sale
    flipkart cashless payday sale 2018

    ReplyDelete
  28. Thanks for sharing this quality information about job. I really enjoyed knowing the information about the job. And i will surely share this URL with my friends. Keep sharing these types of blog. Jobs in Georgia

    ReplyDelete
  29. Thank you so much for sharing this great blog.Very inspiring and helpful too.Hope you continue to share more of your ideas.I will definitely love to read 안전놀이터추천

    ReplyDelete
  30. Hello, I have browsed most of your posts. This post is probably where I got the most useful information for my research. Thanks for posting, maybe we can see more on this. Are you aware of any other websites on this subject. 먹튀폴리스꽁머니

    ReplyDelete
  31. Amazing post, I liked the article on this site. I love your way representation.
    Thank you too much and keep.


    Review my webpage - 오피 (jk)

    ReplyDelete
  32. Simple but very accurate info... Many thanks for sharing this one.
    A must read post!
    강남안마
    click me ( L-G )

    ReplyDelete
  33. This blog was… how do I say it? Relevant!! Finally I’ve found something which helped me.
    Appreciate it 파워볼


    ReplyDelete