13509509:californiagrown said:
Highly successful people tend to be the ones that get in...
There is a lot of not-so-good information in this post. I probably have more experience in the area of MBAs and top schools than anyone else here. What is undoubtedly true is that an MBA from a top school (we'll let that definition fall wherever for now) is absolutely worth more than an MBA from a less-desirable school. Top schools recruit MBA candidates in two ways:
1: They recruit geniuses, those who earned 4.0 GPAs, have solid work experience, and bright futures. 2: They recruit big names, people with last names like Rockefeller, Kennedy, and the like. These people will be entering senior management on merit of their family, whether they are the sons of CEOs, the sons of Senators, etc.
This brings about a great balance, which is the primary reason for entering a top-ranked school. The "made men" who will be CEOs regardless will meet the geniuses, who they will then hire. Thus the university succeeds in securing bright futures for all of its students. Harvard has said that it tries to split the ratio for this reason.
Now, is an MBA from a lesser school worthless? No. Worth less, yes. A Columbia MBA will get you in the door at Ernst & Young, P&G, JP Morgan, etc. Is this door impossible to open with an MBA from a lesser school? Of course not, but you will really have to put all your strength into opening that door. The big firms recruit from the top schools. Don't believe me? Look at a list of the employers who come to MIT's career fair (information is available on their website). Then contrast this with the employers who come to, say, NC State's career fair (again, information available on their website).
Getting into a top MBA program is extremely difficult for an average candidate. You will need solid work experience, a kick-ass GMAT score, a good undergraduate GPA, and hopefully letters of recommendation from the CEO of a major company and other "important people." Now, the conundrum of MBA or no MBA comes into play. Realistically you (whoever is reading this) is unlikely to get into a top school. Have you looked into a 4+1 MBA program? Many schools offer this, and not always just combined with an undergrad business degree. Some schools will do a 4+1 MBA degree that combines with an undergraduate degree of English, or similar subject. You will obviously have to take some business courses while you are undergrad, but having this 4+1 MBA does not represent a great outlay of time or money. You will not have to study for and take the GMAT. It gives you tremendous options.
An MBA, regardless of school, requires a good deal of work. You may be able to glide through a liberal arts degree, but an MBA will force you to take a great many courses you cannot BS your way through. If you do decide to get an MBA, apply yourself. Your GPA will matter. You had better actually learn the skills you are being taught. There will be a lot of statistics, accounting, finance, and other skills-on courses.