First of all, I have to say I'm not just starting the process, I started in late December right after I came back from Holland. Now I'm about to start task 5, according to my top-MBA plan. Anyway, I think it's important to record all the things done until this point.
About my initial B-School selection, I considered first my long-term goal: internationalizing my career, so I had to choose B-Schools that might maximize my chances to accomplish
this objective. Also, I had to consider my age, 35, and experience, 13 years (since I was a rookie), as critical factors because I need to be completely sure that the B-Schools I will apply for would give me the maximum chance to get a good job after I graduate from the MBA course. As a result, I had to consider only top MBAs, so I started searching some rankings specially Financial Times. One cool ranking I found was one that summarized many rankings all over the world (Financial Times, Business Week, Forbes, etc.). I'm attaching this ranking here, it's called Ranking of Rankings.
About my initial B-School selection, I considered first my long-term goal: internationalizing my career, so I had to choose B-Schools that might maximize my chances to accomplish
this objective. Also, I had to consider my age, 35, and experience, 13 years (since I was a rookie), as critical factors because I need to be completely sure that the B-Schools I will apply for would give me the maximum chance to get a good job after I graduate from the MBA course. As a result, I had to consider only top MBAs, so I started searching some rankings specially Financial Times. One cool ranking I found was one that summarized many rankings all over the world (Financial Times, Business Week, Forbes, etc.). I'm attaching this ranking here, it's called Ranking of Rankings. Besides, I wanted to make a mix between American and European Schools because I think I might take that leap to an international career not only in the USA but also in Europe or Canada. Moreover, I studied a Diploma in Holland and I know quality is not exclusive from American schools.
I read and compared many rankings and selected these 11 schools (order is not relevant):
- London Business School (UK)
- INSEAD (France)
- IMD (Switzerland)
- RSM Erasmus (Netherlands)
- York University - Schulich (Canada)
- Wharton
- Harvard
- Stanford GSB
- Columbia
- Chicago GSB
- New York University - Stern
I discarded Spanish B-Schools, even though I know IE (Instituto de Empresa) and IESE are top tier B-Schools, because I want to improve my English and learn, if possible, a third language. Due to the fact that Spanish is my native language, I think if I studied at a Spanish B-School I might practice English only while studying but not when shopping or watching TV, etc. That was my point.
After this first selection I prepared a worksheet with some basic information of these
schools. According to my long-term goal, I defined two types of criteria: Profitability (including pay-back related aspects and foreseen average salaries) and Acceptability or "Chances to get accepted" (including % of South-American students, age, years of experience and others). According to those kinds of criteria I made the spreadsheet attached.As a result, I could clearly see that Wharton, Harvard and INSEAD should be on my list anyway. I also selected IMD due to its low pay-back. Finally, I also included LBS and Erasmus because of the chance to take a less-than-2-year MBA.
Those were my five first choices. However, I decided to apply to a number of schools between six and eight.
Once I finished this, I was ready to take the GMAT.
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