Friday, August 5, 2011

Your Salary = Your Business School Ranking



We have a great show this week. We’re going to tell you how one tweet can get your a free MBA.

but first...

(1) Headlines: Forbes Ranking

Forbes released it’s rankings this week.

More rankings? I’m so sick of rankings I don’t even care... Who won

Harvard, but that’s just a control. If it’s not harvard at the top it’s obviously just a calculations error.

Otherwise people start to get suspicious.

As tired as I am of rankings, I actually really like the Forbes rankings.

Why?

They are based entirely off of salary earned 5 years after graduation. I like it because there is no subjectivity. Cold hard numbers. And let’s be honest. Salary is the best proxy we have to day of measuring the value of a person.

which brings us to this weeks’

http://poetsandquants.com/2011/08/04/winners-losers-in-forbes-2011-mba-ranking/

(2)Business Porn

Let’s find out, who’s making what, five years out.

Graduates of Harvard made an average of $230K 5 years after graduation.
Wharton grads made $225: and then things start ot drop off pretty substiantially.

They barely even cleared $200k. I don’t even understand why they get up in the morning.

The poverty stricken Stanford grads made a mere $205K which is down $20K from the same cohort two years ago.

Startup loving, west-coast hippies.

http://poetsandquants.com/2011/08/04/what-top-mbas-earn-five-years-out/
(3) The Tweet That Won A Free MBA
John Yates earned a a free MBA degree with just one tweet.

University of Iowa’s Tippie business offered students the chance at a free scholarship for creating a tweet on “What makes you an exceptional Tippie Full-time MBA candidate and future MBA hire?”

Tell ‘em what the tweet was.

“Globally minded (5) 
Innovative and driven (7)
 Tippie can sharpen (5)”

For those of you who are interested in profit, but not poetry, I should point out that that tweet was also a haiku!

[Someone does counts on hands] Globally minded

Ah the universal symbol of haiku interpretation

I love how he included a syllable count in the tweet. Because there is no way the admissions staff would detect haiku-ness on their own.

So how many tweets were there overall?

58.

What? Wow, applciations took the entire GMAT, wrote a full application and still couldn’t get their applications in early enough to write an additional 140 characters.

This should be a lesson to MBA applicants everywhere. If the admissions staff decides to hold a creative, out-of-the-box, experimental application stunt. You should definitely play along!

Because no-one else will.

MBA’s are so freaking conservative! Write a damned tweet! Good lord.

http://poetsandquants.com/2011/08/04/the-tweet-that-won-a-free-mba/


(3) Jagon: A-Player

Here’s a term you might have heard before that you’ll be hearing often in business school … and in banks … and consulting firms … and basically everywhere that hires MBAs.

An A-player is that top notch worker who does what it takes to get the job done. A-Players become the drivers of your business. They’re the people that you can’t let go. Or as I think of them … bankers.

(4) Business School Tip of the week:

A-players hire A-players and B-players hire C-players

Well, I haven’t been working out lately. so I would say that I’m currently employing a pair of A players down there.

No, what I’m saying is that really good people hire other really good people. Mediocre people, hire losers.

The idea here is that mediocre players are afraid to hire people that might make them look stupid, so they only hire people that they know they can intellectually dominate.

You only have to let one mediocre person in the door and its’ a downward spiral from there.

Can I have one??

No. Not even one.

Tom, I’m going to have to let you go.

Well if we fire all the C-players too, then it’ll just be an empty table.

Radar
Tom: 6-Flags.
Miro: Meditation workshop

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