FAQ_General
Q. How to choose schools?
A. Despite the availability of information on the Internet, I still find Taiwanese students are still at a loss when choosing an MBA program.
There are various publications ranking business school, but I would suggest sticking with Business Week and the Financial Times. Also, I'd say the rankings (as perceived by recruiters) do not change with time.
Basically, I'd divide the US schools into three groups:
I. HBS/Stanford/Wharton/Kellogg/Columbia/MIT/Chicago
II. Berkeley, Duke, Cornell, Yale, UCLA, Tuck, Michigan, NYU, Virginia
III CMU/UNC/Emory/USC/Austin
On the bubble: Georgetown/Indiana/Olin
Finance Schools (If you want to work in Asia): 1. Wharton 2. Chicago 3.Columbia 4. NYU 5. MIT
There is no doubt in my mind that Wharton is the #1 school if you want to do Finance in Asia. It seems to me that half of the people in investment banking in HK are from Wharton.
Based on my observations, finance in Asia is very prestige driven so if your interest is in finance, your best option is to go to the "core" finance schools.
Consulting:
To get into consulting, shoot for groups I & II. I don't think consulting is as picky as investment banks. It seems to me that consulting firms value "raw intelligence" more than past experience. I am not saying that to work in IB you don't need to be smart, but not having prior experience in IB/finance is a definite liability.
Corporate (staying in the US):
I'd say that if your intention is to stay in the US, then almost any of the aforementioned schools would fit your needs. To stay in the US, you'd (most likely) need to accept a middle/back office role.
If the three career paths don't sound appealing to you, you gotta seriously reconsider why you want to spend so much money on an MBA.
Q. International students like us don't have legal authorization to work in the United States. I know many companies that rejects students who don't have an H-B(working visa). Therefore, I am wondering if it is difficult for a company to issue us an H-B to work in the United States the United States. Is it because of the complicated procedures or the expensive cost of the application fee?
A1. Depends on the company:
For small companies, it could be a money issue.
For larger companies, it could be just an administrative hassel.
And for other companies (such as those in the Midwest), it could be that either they are 1) unfamiliar with the process of sponsoring a H-1B 2)don't have a large pool of international professionals to draw from in the first place 3) a values issue--want to just hire Americans, drive American cars, blah, etc.
A2. One of the criteria of obtaining an H-1B is demonstrating to the INS (Immigration Naturalization Service) that there's a need that an American cannot fill. One way to prove this is that the company must continuously advertise the vacancy and prove that no qualified US citizen applied. This explains why it is easier for an international with a clear technical skill to gain approval as opposed to a "fuzzier" function, such as marketing or sales.
Q. Do B schools like Startup people?
A1.
I'd say it depends:
If you are an international student (as in undergrad overseas) and you've done start-up only professionally, it's difficult for schools to "benchmark" the quality of your experience.
If you are looking to work in a professional/corporate setting post-MBA, having just start-up experience won't help you and could work against you.
A2. If you look at companies like Google, Yahoo, eBay, etc, they were not started by MBAs. As an entrepreneur, I think what you need most is guts. You don't need a degree. MBA cannot teach you courage or vision.
Q. I am currently working on the preparation of R2 (Round 2) application for business school. I have a question regarding the Employment History in my application.
I have been working as a contractor at Adecco Company but they dispatched me to another foreign company for two and a half years as a marketing assistant. Should I write Adecco as a full-time position or should I write the name of the foreign company that Adecco dispatched me to in the employment history?
In addition, do I need to write that I was a contractor at that company? I am afraid that it might not make a good impression on the school because many public sectors tend to think a contractor is in charge of supporting the important work instead of handling it.
Does the school require a formal job certification? As a contractor, I can only get a certificate from Adecco which states that I was dispatched to a foreign company. However, I will not be able to get any official documents which prove my work in the foreign company.
Many schools mention that “we’re more interested on the impact and good capabilities you have had in your work place than the name or status