What makes a TOP-tier MBA Business School | Distinctions and things you need to know

00:00 - Intro
There is no perfect answer to this because there is no official definition of a Tier 1/2/3 school. Most people label the Top 20 as top tier business schools, others the Top 50, but there is actually no consensus.

For example, HBS, Stanford, Wharton are consistently ranked among the Top10 across all ranking organizations. And if you take a look on an international scale, you will find that European schools, like LBS, INSEAD and IESE are consistently among the Top20 in the world.

Providers of rankings, such as US News, Financial Times or the Economist, just to name a few, are independent reviewers of business schools. In general, rankings are a good starting point to get a good feel about a school's overall perception.

Look at the most important factors, such as Academics, Career Opportunities and Career Outcomes, Alumni Network and overall Brand Value.

02:13 - Academics:
The best business schools will always excel in all sorts of concentrations. A school like Wharton is known for its Finance concentration, but it is still leading in other areas at the same time. Tier-2 schools only excel in one or two particular concentrations and that are weaker in other areas.

02:33 - Career:
Super important!
A top tier school attracts the most prestigious companies of the world. Local business schools are mainly only good in their region, but not internationally.

If a school attracts the best consulting firms (McKinsey, etc.) and the best investment banks (Goldman Sachs, etc.) big tech firms, leading Private Equity firms, then you can assume that this school is top notch. Those are all companies that are the toughest ones to get into and they only go to those schools that accept the brightest talents with the most interesting and accomplished profiles and backgrounds.

Check the names of the companies that students went to after graduation. Although, take this with a grain of salt, because if a graduate ends up at Morgan Stanley, this can be either in their Investment Banking Division or in their Marketing division.

04:01- Interview prep:
When the MBBs (McKinsey, BCG and Bain) recruit from a target school, they will often times help you prepare cases and conduct mock interviews. The same goes for Investment Banks and their interview prep.

Top tier business schools attract high-caliber candidates and generally offer the best recruiting options. Especially when those companies make the effort to come on campus and recruit on site. That's their gesture to save yourself traveling time and show how committed they are to recruit talent from that business school.

04:20 - Alumni Network:
Top tier MBA programs offer higher quality alumni network since generally higher caliber people graduate from those programs.

04:31 - Brand Value:
Strong brand equity means staying power in an oversold and overbought MBA market, and likelihood of appreciating brand value.
Earning your degree from a prestigious school can put your profile in front of the right crowd. Attending a school with name recognition grants more access to coveted employers, who often recruit directly from what are commonly known as feeder schools.

04:57 - Acceptance rate:
Lower than 15% at top tier schools. The more selective schools are, the more high-profile companies the school will be able to attract.

One important thing to bear in mind: Just because a specific school is top-ranked, does not necessarily mean it should be the top rank for you. Many Tier-2 or Tier-3 MBA programs are just as impressive and could be a better fit for you depending on your needs.

What this means is that once you’ve identified the most important factors for you when it comes to your MBA, then you need to look at each business school based on what it offers rather than what it ranks. Your personal ranking could place many lower tier MBA programs at the top of your list.

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Check out my other video about MBA Rankings:
   • MBA Rankings | Why you should ALWAYS ...  

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