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留学参考:The M7, Elite Of The Elite, By The Numbers  

2017-05-18 03:44:36|  分类: 学校与选校 |  标签: |举报 |字号 订阅

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留学参考:The M7, Elite Of The Elite, By The Numbers
 

BY: MARC ETHIER ON MAY 14, 2017

 

 

In the business world, the M7 need no introduction. Harvard Business School, Stanford Graduate School of Business, the Wharton School at the University of Pennsylvania, the University of Chicago’s Booth School of Business, Columbia Business School, MIT’s Sloan School of Management, and Northwestern University’s Kellogg School of Management are — and have long been — the cream of the crop.

The designation itself — M7, standing for Magnificent 7 or Magic 7 — is self-given, and therein lies the source of a long-running, probably inextinguishable dispute. Many feel it should be the Terrific 10, including Dartmouth College’s Tuck School of Business, UC-Berkeley’s Haas School, and Duke University’s Fuqua School of Business; the rankings lately certainly reflect that. For that matter, you could add another couple of names — Yale SOM, in particular, has been making waves lately — and see little dropoff in the quality of education. Or the cost.

But the M7 modality, set in stone after a legendary meeting of the seven schools’ deans many years ago, is more than just shorthand for greatness. It affects interactions at every level of the seven schools and other schools that do business with them. It impacts more than the twice-yearly meetings among the seven deans — it also impacts meetings among vice deans, admission directors, career management directors, even PR and marketing types.

MAKING THE MOST IMPORTANT DECISION BE THE MOST WELL-INFORMED

If you’re seeking an MBA, none of this much matters. All that does matter is that the M7 is the Holy Grail of the MBA Kingdom, and hard as hell to get into —and afford. Every year, a huge number of applicants will only apply to the M7 schools or a subset of them, and every year, many will fail to crack the code.There are always some success stories, but there are always more failures — see the M7’s acceptance rates, below — because these schools are the most selective in the B-school landscape.

How much does the fascination with this group of schools and their mysterious self-designation have to do with some applicants’ obsession with only attending an M7 school? Hard to quantify. But just try to persuading them that the Tuck School or the Darden School at the University of Virginia might be preferable. Crickets.

So, in the interest of making one of the most important decisions of your life be one of the most well-informed, we’ve compiled updated numbers on as many aspects of attending an M7 school as we could find. We contrast everything from GMATs and GPAs to starting salaries and job offer rates. We have rankings by school and discipline, as well as information on cost and scholarship availability. In short, this guide will help you decide whether to aim your B-school aspirations at the best of the best, and what that might entail.

BEST OF THE BEST

What will you learn? For one thing, times change. Just two years ago, only two the seven schools had at least 40% female students. Now, six do, led by Wharton’s 44%. In terms of under-represented minorities, a couple schools have seen big jumps in two years: Chicago Booth grew its minority population by 7 percentage points, to 29%, while Stanford GSB also grew to 29%, from 23% in 2014. MIT Sloan, meanwhile, backslid, going from 25% in 2014 to 18% in 2016.

Two years ago, Wharton’s incoming class’s average score on the General Management Admission Test outdid Harvard’s class for the first time ever. Last year, Wharton repeated the feat, outdueling HBS 730-729. But Stanford — which is also the most exclusive of the seven schools, with a miserly 6.1% acceptance rate — bested them both with an average score of 737. Stanford’s 3.73 average GPA was best among the M7, too.

It’s no secret that two years at any of the M7 schools will set a student back about $200,000 — that’s been the case for a couple of years now. Of course, those numbers keep inching upward: An MBA from Stanford GSB, leading the pack, will cost about $210,838 (not counting scholarships or fellowships), while HBS isn’t far behind at $204,640. Kellogg is the least costly of the bunch, at $189,020.

That’s a lot of scratch. But don’t lose sight of the salient fact: When it comes to the top seven MBA programs in the world, you’re looking at the best of the best, which attracts the most talented students and faculty, and certainly the most corporate recruiters offering the most sought-after jobs. One more thing these schools boast: highly achieving alumni and valuable networks in nearly every walk of life.

Best & Brightest: Basics For Incoming M7 MBAs

Stats Harvard Wharton Columbia Chicago Kellogg Stanford MIT
Incoming Class Size 934 851 776 585 474 417 409
Acceptance Rate 10.7% 19.6% 14.1% 23.6% 20.1% 6.0% 11.7%
Yield 90.7% 65.7% 72.7% 55.9% 55.5% 83.9% 64.2%
Average GMAT 729 730 720 726 728 737 724
Average GPA 3.67 3.60 3.50 3.60 3.60 3.73 3.58
Female 43% 44% 37% 42% 41% 41% 40%
International 35% 32% 48% 36% 35% 40% 39%
Minority 25% 32% 31% 29% 26% 29% 18%
Average Age 27 28 28 27 28 28 27

Source: Poets&Quants analysis of class profiles Get the data

 

How The M7 Rank Against Each Other

You might expect the M7 schools to all rank naturally in the top seven positions of the most credible rankings. But you would be wrong. Because rankings are based on often flawed and misinformed methodologies, the media organizations that crank out these lists often have M7 schools outside the top seven.

In fact, several highly prominent lists have some of the M7 institutions far back in the pack. Columbia ranks 8th according to The Economist, 10th in U.S. News & World Report, and 11th in Bloomberg Businessweek. The Economist, whose rankings earned some much-deserved criticism last year, has Harvard fourth (behind the University of Virginia’s Darden School of Business), Columbia 11th and Wharton 12th. U.S. News & World Report‘s 2017 survey put most of the M7 in the top seven, but Columbia Business School landed 9th.

Of course, looking at the overall standing of a school in MBA rankings doesn’t give you the most complete picture of the strengths and weaknesses of an MBA program. Another way to look at these rankings is to parse them by category, and that’s exactly what we’ve done in taking U.S. News’ specialty ranking and showing how each of the M7 schools fare. These rankings are determined by a survey of business school deans and MBA directors.

The final table on the page parses some of the more telling data from the different rankings, fromForbes‘ highly conservative estimate of the payback period for the degree (it fails to conclude scholarship grants) and U.S. News‘ surveys of corporate recruiters and academics to The Financial Times‘ alumni recommendation and academic research rankings.

 

Most Recent Rankings For the M7 MBA Programs

Stats Harvard Wharton Columbia Chicago Kellogg Stanford MIT
Poets&Quants 1 4(T) 9 3 4(T) 2 6
U.S. News 1(T) 1(T) 9(T) 3 4(T) 4(T) 4(T)
Forbes 2 7 4 6 3 1 9
Businessweek 1 6 11 4 9 2 7
Financial Times 4 3 7 9 12 2 13(T)
The Economist 4 9 8 1 2 5 12

Source: Poets&Quants analysis Get the data

 

The Best M7 MBA Programs By Discipline or Specialty

Stats Harvard Wharton Columbia Chicago Kellogg Stanford MIT
Accounting Rank 24 2 17 4 18 6 18
Entrepreneurship 3 7 20 13 17 2 3
Finance 8 1 4 2 11 5 6
Management 1 4 10 12 3 2 14
Marketing 6 2 8 7 1 3 NR
Nonprofit 4 NR 8 NR 5 2 NR
International Business 2 3 8 18 14 5 16
Production & Operations 8 4 12 20 7 5 1
Information Systems NR 6 NR NR NR 7 1
Supply Chain Logistics NR NR NR NR 14 7 2

Source: U.S. News & World Report Get the data

 

Parsing The Rankings On The Best M7 MBA Programs

Stats Harvard Wharton Columbia Chicago Kellogg Stanford MIT
U.S. News Recruiter Scores 4.5 4.5 4.1 4.5 4.4 4.4 4.4
U.S. News Peer Scores 4.8 4.7 4.4 4.7 4.6 4.8 4.7
Forbes’ Payback Period 4.2 yrs 4.1 yrs 4 yrs 4.1 yrs 4 yrs 4.2 yrs 4 yrs
FT’s Alum Recommendation Rank 1 4 8 9 7 2 3
FT's Research Rank 3 1 7 12 17 4 7
FT's Salary Increase 97% 92% 103% 110% 96% 104% 88%

Source: Various rankings Get the data

 

 

What You Can Expect To Pay — And Get — From An M7 School

An MBA degree from an M7 school is pretty much a sure thing. No one is going to question your decision to go to any of these schools, and very few of the graduates from these institutions regret their choice to attend. But none of this comes cheap.

The highest estimated cost of the MBA degree among these elite schools is at Stanford, where the price tag, including living expenses, is now more than $210,000. Of course, that’s the price before any scholarship grants — and it turns out that even though three M7 schools now cost more than $200,000 to attend, all offer financial help at fairly high levels, with both Harvard and Stanford MBA students receiving an average of more than $35,000 annually, and Wharton and Booth students close behind at $32,000 and $30,000, respectively.

That’s an important part of the financial puzzle to keep in mind when you apply to these schools. Don’t let the sky-high tuition scare you off. In effect, every school has a two-tier pricing structure for the MBA: the full sticker price and the discounted price. Stanford and Harvard claim to only give out money based on need, but all the other schools are using the cash to lure the best qualified applicants to their programs.

 

Costs Of An M7 MBA Degree

Stats Harvard Wharton Columbia Chicago Kellogg Stanford MIT
Total Estimated Cost $204,640 $200,908 $199,648 $193,208 $186,026 $210,838 $196,028
Two-Year Tuition $127,350 $141,740 $131,976 $127,260 $128,118 $128,100 $131,500
Student Debt Burden $79,667 $122,370 $103,000 $82,173 $104,632 $83,762 $107,172

Source: P&Q analysis Get the data

 

The M7 Scholarship Grants

Stats Harvard Wharton Columbia Chicago Kellogg Stanford MIT
Total Scholarship Money $34.0 million $16.9 million $10.1 million $16.3 million $11.8 million $15.7 million $8.1 million
% of Gross Tuition 58.0% 14.8% 12.5% 22.6% 27.9% 31.0% 15.6%
Average Annual Grant $35,571 $32,000 $20,500 $30,000 $22,800 $35,830 $28,220
% of MBAs On Scholarship 50% 33% 46% 60% 35% 52% 35%

Harvard numbers from 2016; all others from 2014
Source: P&Q analysis Get the data

 

Pay, Placement & Industry Choices Of M7 Graduates

The payoff of an M7 education is indisputable. There are few educational degrees, with the exception of a degree in computer science, that pay off as quickly as an MBA from one of these top schools and — more importantly — builds on its value over the course of a career. The first-year compensation package for M7 grads tends to be well above $150,000, once you include a sign-on bonus, other year-end compensation, and possible stock options and perks that schools don’t even bother to tally.

Note: The 20-year pay figures are from Payscale and reflect 2014 calculations.

 

The Pay & Placement Rates For M7 MBAs

Stats Harvard Wharton Columbia Chicago Kellogg Stanford MIT
20-Year Pay $3,233,000 $2,989,000 $2,796,000 $2,558,000 $2,544,600 $3,011,000 $2,723,000
2016 Median Salary $135,000 $125,000 $125,000 $125,000 $125,000 $136,000 $125,000
2016 Median Sign-On Bonus $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000
2016 Median Other Compensation $32,000 $20,400 $25,000 $25,000 N/A $40,750 $19,500
2016 Median Total Compensation $158,080 $154,701 $147,000 $145,723 $139,747 $179,346 $145,826
2016 Offers At Graduation 79.3% 85.8% 77.3% 84.9% 82.8% 62.8% 81.2%
2016 Offers 3 Months Later 90.6% 95.5% 92.3% 95.2% 95.0% 82.4% 92.5%

Source: Business school employment reports & Payscale Get the data

 

How Industry Choices In 2016 Compare Across the M7 Schools

Stats Harvard Wharton Columbia Chicago Kellogg Stanford MIT
Consulting 25% 27% 34% 27% 33% 16% 30%
Finance 28% 35% 36% 36% 13% 31% 15%
Technology 19% 15% 7% 17% 22% 33% 24%
Consumer Products/Retail 3% 7% 5% 8% 14% 2% 3%
Healthcare 8% 5% 3% 3% 7% 6% 6%
Manufacturing 5% 3% 7% 2% 3% N/A 22%
Energy 2% 2% N/A 1% 2% 3% 2%
Media/Entertainment 3% 2% 2% 1% 1% 3% 3%
Nonprofit/Government 2% N/A 1% 2% N/A N/A 1%
Real Estate 2% 3% 2% 1% 3% 1% N/A
Starting A Business 7% 6% 3% 3% 2% 15% 6%

Source: 2016 school employment reports Get the data

 

 

The M7 Alumni Networks

Stats Harvard Wharton Columbia Chicago Kellogg Stanford MIT
Total Living Alumni 371,000 310,569 39,000 49,000 55,000 29,049 120,000 (all of MIT)
Active Alumni Clubs 106 75 191 72 74 88 96
Countries With Alumni Clubs 48 35 63 38 28 37 39
Fortune 500 CEO Alums 25 8 6 6 6 11 7
Estimated Annual Rate Of Alumni Giving 25% 20% 15% 18% 20% 40% 20%

Source: P&Q analysis Get the data

 

 

以上内容摘自:

http://poetsandquants.com/2017/05/14/m7-elite-elite-numbers/

 

 

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