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Business School Rankings
I used to think that top business school ranking was everything. When
I was applying for college, I only went for the top-ranked business
schools at first. I did send out a few other applications to some good
state schools that seemed promising, but in general I wanted nothing
more than to get into a business program that would give me the
credentials that I needed to make a lot of money. Business school
rankings, after all, were respected by the leaders of industry. I knew
that I was smart enough to get good grades in my school, so I figured
that finding a high ranking business school was the key to success.
It was actually a family friend who told me differently. He is very
plainspoken, and he put it very simply for me. He told me, basically,
that any idiot can get into business school. Undergraduate business
school ranking is not respected, because an MBA is not a sign of
competency. He said the people looking to hire me would not look so much
at business school rankings as at other activities. Getting a business
school MBA was all well and good, but what they wanted to know was
whether or not I could communicate, lead, or even think clearly.
Business school ranking for undergraduate programs told them nothing
about this.
Rather than looking for a school with a high business school ranking, he
told me that I should look at economic programs. Getting a degree in
business could help a little bit, but I would probably be better served
by a strong working knowledge of economics. Economists were always
highly sought after by business leaders, because they could think
clearly and could understand the ins and outs of business finance in a
way that business school graduates could not. I could get a double major
and get an MBA with a school with a good business school ranking, but
that was secondary to the quality of the economics program.
In the long-term, it turns out that he was right. Although I was a
little bit skeptical at first, I decided to heed his advice. I disregard
business school rankings altogether in favor of a strong economics
program. I was immediately hired out of school by a powerful regional
food distributor. Within a few years, I was making six figures – a lot
of money for someone so young. |
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