Big Businesses Reveal Top Choices of Graduates: US vs Europe Business Schools

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Where Should I Go To Business School?

This question is pondered by every neophyte business professional on his or her journey towards vocational success.  Bloomberg Businessweek has been working diligently in preparation for its annual Best Business School Rankings.  To discern the coveted, upper-echelon business school destinations, the researchers inquired the help of four major corporations.  Amazon, Johnson and Johnson, Citigroup and McKinsey provided invaluable input to aid in deciphering the hierarchy of business institutions.  The recruiters from these top companies were asked, from which schools do they procure the most graduates? Which scholastic programs produce the best business professionals?  Which academic institutions best equip graduates to hit the ground running and prepare students to be ready to meet the challenges of the corporate world?

US Vs. EU Business Schools

With the multitude of different avenues for business school, location can be a significant factor in deciding where to apply.  Large corporations based in the United States have a tendency to pursue graduates from American (US) business schools, as opposed to their European (EU) counterparts.  However, that trend is not as dominant as one may think.  According to Madison Priest in 2010,  the amount of American applicants to European Business Schools has increased by 96% between 2005 – 2009.  Priest attributes this accession to the relative inexpensiveness of EU schools compared to the US, and that EU schools are more resilient and better equipped to handle the recession.  But the question still remains, which business programs are more appealing to recruiters of top companies of the United States?  Below is a breakdown of the Amazon, Johnson and Johnson, Citigroup and McKinsey hires by each business school, which are specified by geographic location.

Business Top 10 Schools Location (US Vs. EU) Hiring Percentage
Amazon 1. ESADE, ESADE Barcelona, Spain (EU) 5.65% – 10 Students
2. Carnegie Mellon, Tepper School Pittsburgh, PA (US) 4.21% – 9 Students
3. Dartmouth, Tuck School Hanover, NH (US) 2.86% – 8 Students
4. University of Michigan, Ross School Ann Arbor, MI (US) 2.85% – 14 Students
5. Columbia University, Columbia Business School New York, NY (US) 2.85% – 14 Students
6. UCLA Anderson School Los Angeles, CA (US) 2.18% – 8 Students
7. Northwestern University, Kellogg School Evanston, IL (US) 1.58% – 9 Students
8. University of Pennsylvania, Wharton School Philadelphia, PA (US) 1.41% – 11 Students
9. University of Chicago, Booth School Chicago, IL (US) 1.28% – 7 Students
10. INSEAD, INSEAD Fontainebleau, France (EU) 1.19% – 10 Students
Citigroup 1. Cornell University, Johnson School  Ithica, NY (US)  6.76% – 19 Students
2. Washington University, Olin School  St. Louis, MO (US)  3.55% – 5 Students
3. Georgetown University, McDonough School  Washington, DC (US)  2.38% – 6 Students
4. University Texas, McCombs School  Austin, TX (US)  1.92% – 5 Students
5.University of Michigan, Ross School  Ann Arbor, MI (US)  1.83% – 9 Students
6. University of Virginia, Darden School Charlottesville, VA (US) 1.74% – 6 Students
7. Duke University, Fuqua School Durham, NC (US) 1.59% – 7 Students
8. University of Chicago, Booth School  Chicago, IL (US)  1.28% – 7 Students
9. Columbia University, Columbia Business School  New York, NY (US)  1.10% – 8 Students
10. University of Pennsylvania, Wharton School  Philadelphia, PA (US) 1.02% – 8 Students  
Johnson & Johnson 1. Arizona State,    Carey School  Tempe, AZ (US)  7.14% – 5 Students
2. Bocconni University, SDA Bocconni  Milan, Italy (EU)  6.32% – 6 Students
3. Rutgers University, Rutgers Business School  Newark, NJ (US)  4.49% – 4 Students
4. University of North Carolina, Kenan-Flagler School  Chapel Hill, NC (US)  3.89% – 11 Students
5.University of Florida, Hough School  Gainsville, FL (US)  3.70 – 3 Students
6. University of California, Merage School  Irvine, CA (US)  3.53% – 3 Students
7. Duke University, Fuqua School  Durham, NC (US)  2.73% – 12 Students
8. Carnegie Mellon, Tepper School  Pitsburg, PA (US)  1.87% – 4 Students
9. IE University, IE Business School  Madrid, Spain (US)  1.60% – 7 Students
10. Cornell University, Johnson School  New York, NY (US)  1.42% – 4 Students
 McKinsey 1. INSEAD, INSEAD  Fontainebleau, France (EU) 12.77% – 107 Students
2. Dartmouth College, Tuck School  Hanover, NH (US)  7.14% – 20 Students
3. University of Pennsylvania, Wharton School  Philadelphia, PA (US)  6.78% – 53 Students
4. Northwestern University, Kellogg School  Evanston, IL (US)  6.50% – 37 Students
5. University of Chicago, Booth School  Chicago, IL (US) 5.11% – 28 Students
6. Columbia University, Columbia Business School  New York, NY (US) 4.55% – 33 Students
7. Duke University, Fuqua School Durham, NC (US) 4.10% – 18 Students
8. University of Virginia, Darden School Charlottesville, VA (US) 4.07% – 14 Students
9. University of Michigan, Ross School  Ann Arbor, MI (US) 2.85% – 14 Students
10. IE University, IE Business School  Madrid, Spain (EU) 2.52% – 11 Students

 

Results of the Research 

Even though the amount of US Business Schools greatly outnumbers the amount of EU Business Schools in hiring percentages, the EU Business Schools were highly regarded among the major corporations cited.  Graduates from EU Business Schools were hired at the greatest percentage for Amazon and McKinsey and at the second highest percentage for Johnson and Johnson.  Holding one of the two top spots for three out of four large corporations; it is safe to say that recruiters are avid supporters of the business schools overseas.

Top US Business Schools 

Throughout the research compiled on the corporations listed above, certain Business Schools from the United States seem to appear over and over again.  Large US companies heavily recruit the graduates from Cornell University’s Johnson School, University of Pennsylvania’s Wharton School, Columbia University’s Business School, Fuqua of Duke University, Kellogg School of North Western University and Michigan’s Ross School.  Keep in mind that if your ultimate goal is to have the opportunity to receive placement in a top corporation, conduct research to discern if your primary school or program of choice can get you there.

Percentage and types of occupational placement should be a major factor in deciding upon which business schools one should apply to.  What are the possible and more importantly the likely corporate destinations after one attains his or her MBA from a specific graduate program?  Make sure that you survey the potential job placements for graduates of the program that you are planning on attending.  Before you put in an endless amount of study hours and a large heap of money into a business school, be confident that the job offerings in the field will meet your expectations.



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