Editorial
mba
sub-prime lending in the US. Also, MBA
programs are centred around the students
attending the courses as peer-to-peer teaching
is valued highly at business school. As most
students on this year’s programs will have
experienced the downturn to a greater or lesser
extent, this is going to rapidly alter the tone and
content of the debates that form such a large
part of the MBA experience.
Regarding financing an MBA, what is the
context today? Anything new?
How to finance an MBA is the question QS
experts are asked most often. Our research
suggests that schools are, generally, cutting
down the amount of money they are providing
in scholarships this year, and perhaps into 2010.
This makes business sense of course, and is
undoubtedly a short term situation. However
scholarships do still exist. The QS World MBA
and World Grad School Tour is offering
US$1.6million to attendees at our events, to
some of the best schools in the world, including
Wharton, Chicago, Cass and IE. As for banking
loans, the indication is that, while it is harder to
secure loans in some places, MBA graduates
are largely considered safe bets so banks are not
seeing them as a risk and loans should still be
possible to find.
Which are the most prestigious MBAs
and for what reason?
QS conducts an annual survey of MBA
employers around the world - QS Global 200
Business Schools 2009: The Employers’ Choice
- to ask them to identify the schools from they
target to recruit the best MBAs. The results
demonstrate that MBA employers around the
world are increasingly targeting a broader
selection of regionally strong business schools
from which to hire MBA graduates. This trend academic staff is the most important, and so will or MIT or Harvard be the best schools for you
may be accelerated by the recessionary bias the rankings accordingly. Another may if you don’t want to study in the US, for
environment, even as overall MBA hiring suggest that the post-MBA salary or success rate example? Scorecard is free to visit by registering
numbers fall. for career placement is the most important. The at
www.topmba.com/scorecard.
The schools securing the most employer Aspen Institute’s Beyond Grey Pinstripes website
votes by region are: Harvard, Wharton and ranks MBA programs according to the amount What is the average increase of a
Columbia in North America; INSEAD, of time and effort put on teaching sustainability manager’s salary after graduating from
London Business School and IESE in issues on the course, for example. an MBA?
Europe; INSEAD Singapore, Melbourne Although you often see the same schools This is a good question and is not one that can
Business School and National University of appear time and again, the methodology of be answered with an exact figure. The simple
Singapore in the Asia-Pacific region; EGADE each ranking is important and candidates must fact is that in virtually 100 per cent of cases
in Latin America. look closely at them and bear that in mind. where an MBA wants to increase their salary
Increasingly, QS research such as the TopMBA (and the QS Applicant Survey shows that
How are MBA rankings usually Applicant Survey shows that rankings are ‘increasing salary’ is only fifth out of seven
created? What are the criteria that decreasing in importance year on year. Instead, most important reasons for doing an MBA)
you or other publishers consider when MBA aspirants are keen on focusing on then that increase will happen. In some cases
working on them? personalizing their MBA searches. QS has it will double or treble, especially for those
All rankings use different sets of criteria, a therefore created an innovative web search tool who have moved from a relatively low-paid
methodology that the ranking’s creators will called Scorecard which allows candidates to position into a consultancy or investment
spend a lot of time thinking about beforehand. rank business schools according to their own banking position, but in most cases the
One publisher may think that the quality of criteria and what suits them. How can Wharton increase will be more moderate.
58 TopMBA CAreer Guide
www.topmba.com
TopMBA CAreer Guide
www.topmba.com 59
MBA_SPR09_pp_052-155.indd 59 17/2/09 15:15:19
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