The MBA Programs Recruiters Love

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In networking, it’s all about who you know. With recruiting, another factor is who knows you — and your school.

It’s no secret: Recruiters prefer some schools over others. Geography is one reason. Imagine you’re a time-starved recruiter with a popular brand. How would you maximize your resources? That’s right: You’d focus on areas where top schools are clustered. The I-95 corridor is the best place for that. In one week, you could hit five top-10 MBA programs — Harvard, MIT, Yale, Columbia, and Wharton. Do the math: That’s nearly 6,400 full-time MBAs alone! Plus, you’d have the flexibility to hit other attractive venues like Boston College, New York University, and Temple.

You won’t find that concentration or convenience in Texas, Florida, or Ohio!

RECRUITERS ARE LOOKING FOR VERY SPECIFIC THINGS

But recruiters are looking, to borrow a line from Liam Neeson, for “a very particular set of skills.” They also prize recruits who’ve been immersed in distinct cultures and embody certain qualities that fit with their own traditions and value systems. When MBA recruiters were surveyed about their favorite schools, they bucked conventional thinking and chose Chicago, Illinois, as the epicenter for their favorite MBAs.

The University of Chicago's Booth School of Business

The University of Chicago’s Booth School of Business

In U.S. News & World Report’s 2017 Best Business Schools ranking, the University of Chicago (Booth) and Northwestern University (Kellogg) each scored a 4.5, tying them for the second-highest recruiter score (behind Harvard). In the Bloomberg Businessweek recruiter survey released five months earlier in October 2015, Booth and Kellogg ranked first and second.

WELL-ROUNDED PROGRAMS THAT TRANSCEND THEIR STEREOTYPES

The appeal of these schools, at first glance, is hard to miss. Both are well-rounded programs draped in tradition and fueled by excellence. Kellogg is a top 20 program in eight of the ten specializations ranked by U.S. News, including the top-ranked marketing program. Booth, on the other hand, ranks in seven specializations, including second in both finance and accounting. However, it would be a mistake to label them as a “marketing” or “finance” school.

At Kellogg, for example, 18% of 2015 graduates entered finance and accounting, a number consistent with its previous five classes. This percentage is nearly equal to the 20% of 2015 full-time graduates ticketed to marketing and sales (and that doesn’t count the 35% of graduates who choose the consulting route). Even more, the school attracts a range of employers; firms hiring 10 or members of Kellogg’s 2015 class range from McKinsey to Heinz Kraft to Amazon. You’ll find a similar dynamic at Booth, where finance barely outpointed consulting by a 37.1%-to-33.5% margin in the 2015 class. That said, just one of Booth’s top five employers —Bank of America —was involved in finance (and it only accounted for 2.5% of 2015 hiring).

What separates Booth and Kellogg in terms of recruiter sentiment? That’s nearly impossible to say without categorical metrics or unfettered feedback from recruiters. Both attract the crème-de-la-crème among prospective MBAs (with Kellogg average GMATs rising from 712 to 728 over the past five years and Booth enrollees boosting their average GMATs for 13 consecutive years). Not to mention, both schools’ emphasis on “Midwest nice” make for pleasant atmospheres for recruiters.

“RESULTS-ORIENTED LEADERS”

Keith Bevans heads up global consultant recruiting for Bain

Keith Bevans heads up global consultant recruiting for Bain

Bain & Company is a popular destination for Booth and Kellogg talent, with the firm hiring a combined 46 members of their respective 2015 classes. While Keith Bevans, a managing partner who heads Bain’s global recruiting efforts, is careful not to pick favorites among MBA programs, he understands the appeal that Booth and Kellogg have with MBA recruiters.

“Both schools have been incredible sources of talent for us at Bain,” he tells Poets&Quants in a written statement. “The analytic skill set, practical problem-solving approach, collaborative teamwork and global experience students are exposed to at these programs help shape them into results-oriented leaders – exactly what we’re looking for in a strong candidate at Bain.”

The University of Chicago, in particular, is known for historically producing one of the highest placement rates among full-time MBA programs, including a 97.4% clip for the 2015 class. According to Julie Morton, Booth’s associate dean for career services and corporate relations, the school’s value flows from delivering what employers are seeking.  “Chicago Booth students are attractive to employers because of their critical thinking and problem solving skills,” she says. “The intellectual rigor and data analysis skills they bring to the tasks at hand are lauded by employers across industries, functions, and geographies.”

Go to next page to see how recruiter scores have changed over the past three years.

  • Red Layug

    I wouldn’t go that far to discredit Yale’s superior undergrad program. Even if we say Columbia has a lower admit rate than Yale, Yale would still win in the cross-admit battle against Columbia, or any school in this universe except Harvard and Stanford.

  • Red Layug

    Your analysis could be most likely true.
    I remember Yale invested half a billion (US) dollars about a decade and a half ago to improve its STEM program and boasted that it would rival the perennial top 3 (MIT, Standord, Berkeley) soon. Yet 15 years have already passed and Yale’s half a billion dollar investment have gained almost zero result. Just goes to show that school name alone would not always guarantee a successful program. Oxford’s, Cambridge’s and HEC’s MBA programs are still not a generally top 10 MBA program globally. Yet no one would question how established and respected these achools are. Yale undergrad is great. Yale Law is number 1. But Yale MBA is far from being a top 5 program, let alone, a rival of Harvard, Stanford and Wharton. It’s not even on par to Berkeley Haas’, Chicago Booth”s or Kellogg’s MBA programs yet. Just my 2 cents worth.

  • newyorkelite

    This is true. Columbia Undergrad admit rate is now lower than Yale undergrad as well Princeton undergrad admit rate . With NYC and Tech booming – more people see Columbia /Stanford and even Cornell Tech as HOT

  • not so much

    Yale SOM is at least 3 steps down from Harvard, Stanford, Wharton. Yale SOM is not an established top 10 school. somsquared is a YaleSOM troll who writes the same thing over and over again in every post. I don’t see Yale SOM becoming a true top 10 school in the future. In fact Yale as a whole university is rapidly fading from superstar status. Nowadays Stanford is the main rival of Harvard, not Yale. Yale is increasingly seen more like a glorious has-been than an exciting, pioneering place with a bright future.

  • I feel the same way about Chicago, over 16 years I’ve never had an a-hole client from Chicago. Or Canada for that matter. Do I have to read the whole article to figure out why there is no number three on this table.

  • eddysham

    which recruiters? we have seen that recruiters contacted by BW are different than recruiters contacted by FT, different than recruiter contacted by US News, and economist, etc… Basic knowledge of statistics tells you that you can tailor any ranking to show the results you like. I don’t believe them ..

  • MG

    If you’re an SOM student or alum and you really believe this, then this is yet another data point that confirms the degree to which Yale is a step down from H/C/S/W.

  • somsquared

    Not true. Recruiters are already scoring 4.3 for Yale. All of that is baked into the cake. Recruiters see the value of a som degree. Yale will be #3 this upcoming ranking mark my words.

  • Tesla

    climbing the rankings will not change the image quickly, will not change the alumni base quickly, everyone knows Yale was/is playing with scores to get ranked higher, unfortunately, it comes in a time of knowledge and the vast majority of prospective applicants are aware of which is good and which is mediocre. Yale MBA program is just 13 years old, it used to be called MPPA, the school itself is 40 years old, pretty young for american standards. The only asset of Yale is its name, but will that help, I doubt because there are better names of Oxford and Cambridge, and none of them performed well along with yale.

  • somsquared

    Yale used to be near the bottom of the rankings, now it’s solid 8 in recruiter score. YSOM will be #1 in USNEWS very soon.

  • Biased

    Unfortunately this is biased bc the same recruiters at M7/T10 may not always be the same between the rdy of the field since some prestigious companies do not target outside of this group. A more useful system would be holding the same recruiting firms constant.

  • ColumbiaHater

    Seriously! Columbia below UT Dallas, Yale and Tuck!