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b/c I know people who got good jobs in asset management (w/ no prior finance experience) from a "blah" school?
Also, asset management encompasses a huge industry with a huge variety of jobs and companies ranging from amazing to tiny and ******, so without specifics I can't even tell if it's something you'd consider good or "blah"
Are there people from ****** schools who get into great jobs? Absolutely. Is is a regular occurence? Hell no.
I'm 100% ignorant
and I can tell you firsthand that once you get your first job and get a few years experience, where you got your degree won't matter. at my last company the 2 marketing VP's had MBA's from Sloan and Uconn, and the Uconn MBA ran circles around her in every way in the company, and has basically squeezed her out out a meaningful job. it's her beautiful degree that is now worthless.
fortunately I do know, so whatever you don't know is irrelevant
don't let me stop you from generalizing.
I'm not sure how you'd do better than a "blah" banking job with an MBA from a "blah" school.
I don't doubt this advice at all. I hear it all the time from people 40 or over. Former managers, professors, etc. This advice is given out all the time to undergraduates, MBAs, law students, etc.
I'm just railing against the "if you can't go to H/W/S then give up all hope of a meaningful existence, you might as well tuck yourself into the fetal position in the corner" advice
of course. and again, if it's your only goal to get into an elite PE/VC/Strat Consulting company, then yeah it's going to be hard without going to an elite school. but if a) that's your goal and b) those schools are out of reach, then c) you need a new goal. I have friends who have graduated from HBS, GSB, and Tuck and they all had opportunities I didn't. however, my MBA offered me opportunities I previously had no shot at. so again, it's about relevant goals and how you can best achieve them.The truth is that certain MBA programs have a cachet and that enables them to open a few more doors than other programs.
first year out of B School, the truth is that not many people will be making a choice between 2 candidates like this. it will be a small crossover anyways. down the road 5 - 10 years, the experience and achievements will start to carry as much or more weight. I'm not trying to say Uconn is just as good or that it doesn't matter where you go, I'm saying that depending on your goals and background a 2nd tier MBA can still be very valuable.On paper, if you have two comparable candidates and one of them went to Harvard and the other went to UConn, which one do you think the hiring manager will choose?
I know several people who have gone to Suffolk and have been pleased. .
I received an MBA from a second/third tier program in NYC about five years ago. My previous job was with a once prestigious company but was pretty dead end. The piece of paper definitely helped me in getting jobs here in NYC, particularly when interviewing. My salary has doubled since I graduated five years ago. Like I said, the degree helped, especially in the interview process, but nothing will increase your salary faster than getting a new job.