One of the challenges that MBA applicants have it to identify the best schools to apply to. The MBA rankings are very valuable, because they shows that even a modest investment (in getting a higher GMAT score and slightly higher fees) produces a massively positive improvement in the value of the MBA.
There's a great feature which helps prospective tools to see where the alumni network of top business schools (and other educational institutions) have their alumni.
If you go to any school's LinkedIn page, you can click on 'Alumni' to see where the former students are now.
Putting in London Business School, for example, produces this page: https://www.linkedin.com/school/london-business-school/alumni/ It allows you to filter by clicking on a country, company or role.
However, LinkedIn also allows premium members to refine your list or target schools even more powerfully. You can use LinkedIn to see which schools have the most alumni with MBAs in particular industries or countres.
To do this, you'll need to set up a LinkedIn account and be logged in to Linked in.
Here's an example, from http://www.find-mba.com/board/33494
This candidate is choosing between four excellent schools: McCombs, Kenan-Flagler, Goizueta and Tepper. They want to work in investment management. One thing that's very helpful to know is which of these schools has the most alumni with MBAs working in that industry. That number suggests a few other things, most obviously which school has the largest network on LinkedIn, but also which school might prepare candidates best for that industry, and which school has the best network.
So, let's log onto LinkedIn and go to the search:
Let's put in the keywords "MBA" and "Investment Management". And then press enter or the search icon. On the following page click on "People" to restrict the page to people.
So, you'll perhaps have different results from me. LinkedIn changes all the time and the more connections you have, the more you can see. I get 151,388 results.
Let's try to narrow the search to find MBAs currently working in IM roles. Click on "All filters". under industries you'll see the tp three results are
- Investment Management
- Financial Services
- Banking.
I'll filter to only those three. That leaves with with 106,736. A great sample!
So let's look at the list of schools shown on the "All Filters" page. From there I see the top schools are listed in descending order:
- The Wharton School
- Harvard Business School
- Columbia Business School
- The University of Chicago Booth School of Business
- NYU Stern School of Business
Okay, so these look like the top schools for getting into IM with an MBA, since they have the most alumni with MBAs working in that industry. Of course you add more key words and filter on other variables, including country.
So what about the four schools this candidate is interested in? They are not in the top five. On the All Filters box we can add other schools to the list, and get them ranked. Add in the names of the schools and then click on Apply. When you go back, the schools will be ranked:-
- The University of Texas at Austin - Red McCombs School of Business
- Emory University - Goizueta Business School
- UNC Kenan-Flagler Business School
- Carnegie Mellon University - Tepper School of Business
However, these schools are difference sizes. The size of the alumni network matters, but so does the density.
Let's try to see how big the alumni bases are in relation to each other: first remove the filters for the industry, and press apply. Then in the search field let's search only for "MBA". I get 51,315 MBA alumni at those schools.
- The University of Texas at Austin - Red McCombs School of Business
- UNC Kenan-Flagler Business School
- Emory University - Goizueta Business School
- Carnegie Mellon University - Tepper School of Business
Viewed this way, Kenan-Flagler looks like it has fewer relevant alumni with a bigger base, while Goizueta has more relevant alumni with a smaller base. So, for this person UTA and Goizueta look like strong choices.
If we were to play around with the geographical filters, we might also find that one school is strong than another in particular areas.
Of course there are numerous weaknesses with this approach. If you were to search indivudally for each of the schools numbers of relevant alumni and the whole alumni base, then you'd get a more accurate percentage.
Furthermore, ome of these people might have an undergraduate degree from one of these schools and an MBA from somewhere else. A great example of that is Harvard: the top ten schools includes both Harvard Business School and Harvard University. But the fact remains that they are alumni of these schools with MBAs, and will are useful networking targets. It's certainly much better to have this information than to not have it.
PS If you want to know more about using LInkedIn, I'm the co-author of a best practice guide to LinkedIn which was published earlier this year: http://www.b2bmarketing.net/resources/linkedin-best-practice-guide
PPS I've updated this post in the light of changes to LinkedIn's search filtering.
[Edited by Duncan on Aug 16, 2023]