tag:blogger.com,1999:blog-7485930897542235908.post6133099796884305980..comments2023-09-26T11:00:35.262+02:00Comments on Let me wear a Suit. Please! necromonger @ INSEAD MBA Blog: INSEAD vs. US B-schools / Chicago GSB/Columbia/Darden/Ross/MITUnknownnoreply@blogger.comBlogger15125tag:blogger.com,1999:blog-7485930897542235908.post-24828812339742281522013-05-27T20:36:46.077+02:002013-05-27T20:36:46.077+02:00Hi Necromonger,
Does the July batch face similar...Hi Necromonger, <br /><br />Does the July batch face similar problem in getting consulting jobs as it faces in getting fiance jobs?<br /><br />Many Thanks!<br /><br />Regards,<br />MatsMatshttps://www.blogger.com/profile/06319437949613526817noreply@blogger.comtag:blogger.com,1999:blog-7485930897542235908.post-50520552710227448302009-01-30T17:14:00.000+01:002009-01-30T17:14:00.000+01:00Great! Shouldn't this be a paid report :)Great! Shouldn't this be a paid report :)shwetzhttps://www.blogger.com/profile/03942779353789708476noreply@blogger.comtag:blogger.com,1999:blog-7485930897542235908.post-39263147202868400222008-07-01T16:44:00.000+02:002008-07-01T16:44:00.000+02:00necro: yep. all I said was that the data you used...necro: yep. all I said was that the data you used to compare insead with us b schools was not the right kind of data.<BR/><BR/>anon above: I dont see anything wrong with subjective statements - especially when looking at flaws in some statistical numbers which are obviously massaged:)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7485930897542235908.post-35025230969858480752008-06-21T12:49:00.000+02:002008-06-21T12:49:00.000+02:00anon,you make a lot of subjective statements..but ...anon,<BR/><BR/>you make a lot of subjective statements..but what i found hilarious was that you said there is only insead does laborios comparison between insead and us b-schools. looks like you don't read businessweek forums - there are TONS of US school comparisons there, at least here necro just showed numbers without saying anything as a conclusion or writing random subjective statements (like "if that, if this"), but you did what exactly so many do on businessweek -- make all sorts of conclusions...to prove as usual that some us school is superior<BR/><BR/>for someone like me who wanted to know more about places outside US, this blog gave me tons of useful information...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7485930897542235908.post-75272050481051292292008-06-19T14:58:00.000+02:002008-06-19T14:58:00.000+02:00Anon,The core of your argument is that I should no...Anon,<BR/><BR/>The core of your argument is that I should not have compared US schools with INSEAD. That is your conclusion and I have no comment on that.<BR/><BR/>It is also a topic that I get lot of questions on - and one way to tackle it is by looking at career options. How you interpret the data is entirely up to you..https://www.blogger.com/profile/14561766650408018721noreply@blogger.comtag:blogger.com,1999:blog-7485930897542235908.post-10314506342205266132008-06-19T14:20:00.000+02:002008-06-19T14:20:00.000+02:00Necro:So some more holes to poke since the discuss...Necro:<BR/><BR/>So some more holes to poke since the discussion is only about placements:<BR/><BR/>1. Placement outside home country: how many students actually look actively for placement in France/how many jobs do French companies offer to Students? The graph on placement outside home country has no meaning - it should be a graph on 'placement outside France'.<BR/><BR/>2. Salaries: The analysis is flawed, as you admit, because of the exchange rate of Euro/Pound vs Dollar and Much higher cost of living in Europe. <BR/><BR/>Considering that 30% of the batch is placed in UK, you should have compared the salaries of US Bschool students placed in UK to INSEAD salaries. The differences would not have been as stark then - this to get over your reluctance regarding PPP. Or else you should look at salaries of any INSEAD students placed in US and compare them to US Bschool salaries. <BR/><BR/>You have massaged data by converting GBP/Pound salaries into Dollars. Thats exactly what some of those Indian Bschools do when they manage an international placement - it takes up the overall average.<BR/><BR/>3. Biggest employers: compare the numbers by percentage of class size and all schools look approximately the same. In fact, those numbers cannot be compared, because these people are not being recruited for the same offices. I suspect more of INSEAD students would be recruited for european offices in the Big-3 where there is hardly any competition from other European Bschools. Compare that to intense competition between US Bschools (admittedly for larger offices in US but still the competition is much more intense) and the numbers recruited from US Bschools looks much better.<BR/><BR/>7 for google from a class size of 800 vs 8 from an MIT-Sloan class size of approx half, is not really impressive.<BR/><BR/>It would actually be a more realistic comparison when INSEAD's marketing efforts in US increases. I suspect that the numbers would then compare to some of the lower ranked schools thank Ross/Sloan.<BR/><BR/>1-yr program vs 2-yr in B-schools: Some would be tempted to say that in 1 year, INSEAD students get what US Bschools give their students in 2 years. Two points: I have heard that in one year, INSEAD charges almost the same that US schools charge in 2 years. Also, the effect of a proper 2-year MBA will only be seen over a longer period of time because of significantly more networking, more attachment to the school and twice of everything that an MBA is about. <BR/><BR/>INSEAD started as a school for older people in the middle of their careers who needed to come back to school or people who needed to give their businesses a significant impetus. It was like an executive ed program for lateral placements or starting own businesses (like PGPex in IIM Ahmedabad in India). <BR/><BR/>The fact that the student body is approximately the same age as US Bschools is quite telling in that the curriculum/duration is then not matched to the real needs of the student body. It would also be interesting to explore as to what % of INSEAD students did not get admits to US Bschools and hence came here? Maybe that explains the younger batch?<BR/><BR/>I guess I may have stirred a hornet's nest, but I think it is a little silly to compare regional B schools with US Bschools. You would be adviced to take a look at IIM Ahmedabad's career report for 2008. Some high/low salary figures and largest employers by % are quite the same as INSEAD. Should we then compare INSEAD to IIM Ahmedabad where 40% of the class has no experience and still get similar salaries as INSEAD grads do? hmm.<BR/><BR/>A comparison b/w INSEAD/LBS/HEC/IMD is ok because students work in the same area. Compare between regions and you will be doing a comparison of apples to elephants.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7485930897542235908.post-70287016408504258112008-06-18T18:50:00.000+02:002008-06-18T18:50:00.000+02:00Anon,Each one can draw their own conclusion :)Anon,<BR/><BR/>Each one can draw their own conclusion :).https://www.blogger.com/profile/14561766650408018721noreply@blogger.comtag:blogger.com,1999:blog-7485930897542235908.post-65170490396293757742008-06-18T15:16:00.000+02:002008-06-18T15:16:00.000+02:00I've been reading your blogs for a year (almost) n...I've been reading your blogs for a year (almost) now. great analysis but you know, deciding which institution is better is not just determined by starting salaries or jobs. The quality of students, faculty, infrastructure, alumni - these all play a huge role too.<BR/><BR/>I can imagine everyone at INSEAD would be super kicked on reading this. But recognize this - INSEAD students get comparable salaries largely because of the paucity of competition in Europe. INSEAD remains a school known for its amazing focus on entrepreneurship, period.<BR/><BR/>btw, not meant as a rib, but for an MBA student at a top school, you seem to have a fair amount of time on your hand. kudos on time mgmt!<BR/><BR/>Why dont we see similar posts from Stanford/Wharton/Harvard/Chicago laboriously comparing themselves to other schools? Maybe because : a. they dont have the time and b. they dont need to?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7485930897542235908.post-39106797325218435582008-06-17T12:00:00.000+02:002008-06-17T12:00:00.000+02:00Anon,PPP has distortionary effects (see my FT post...Anon,<BR/><BR/>PPP has distortionary effects (see my FT post). Besides, the Euro/Pound strength is not so large that if I adjusted them then the picture would change radically.<BR/><BR/>The argument of "if those from US went to London the picture might be different" is way too hypothetical. First, it won't happen. Second - one could argue the other way - if INSEADers could go to US without the work permit difficulties and if those who got lower than US averages in Asia went to US, then the picture might be different as well!.https://www.blogger.com/profile/14561766650408018721noreply@blogger.comtag:blogger.com,1999:blog-7485930897542235908.post-50399897805055811432008-06-17T07:01:00.000+02:002008-06-17T07:01:00.000+02:00Hey necro, I think you should consider currency co...Hey necro, I think you should consider currency considerations in your calculations (easier said than done proficiently). U$ dollar vs (I'm guessing) mostly ound/Euro can skew the data from the past few years. Maybe adjust for PPP based on destination? I mean if most US school grads went to work in London (which they don't based on your international placement numbers) the picture might be different.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7485930897542235908.post-14034111940128903182008-06-14T13:27:00.000+02:002008-06-14T13:27:00.000+02:00"For the purposes of this discussion, I am keeping..."For the purposes of this discussion, I am keeping Harvard, Wharton and Stanford out of discussion to avoid needless bickering" ... how do you mean?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7485930897542235908.post-25371707004314500992008-06-11T19:12:00.000+02:002008-06-11T19:12:00.000+02:00wow, necromonger, great post! I am trying to resea...wow, necromonger, great post! I am trying to research schools in europe, USA and was having a difficult time getting more detailed info. your blog is great in how much detail it gives and thsi post (and that HKUST post was very helpful) is really excellent in giving a much better clarity. for me lot of misconceptions are getting clarified...<BR/><BR/> Thanks! I have some questions..i hope you will answer later.<BR/><BR/>-carlkkAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7485930897542235908.post-81343263809565257342008-06-11T15:10:00.000+02:002008-06-11T15:10:00.000+02:00Small,Thanks! :)-nSmall,<BR/><BR/><BR/>Thanks! :)<BR/><BR/>-n.https://www.blogger.com/profile/14561766650408018721noreply@blogger.comtag:blogger.com,1999:blog-7485930897542235908.post-39210745715356594152008-06-11T14:49:00.000+02:002008-06-11T14:49:00.000+02:00hi necro.. great post.. just wanted to point out t...hi necro.. great post.. just wanted to point out that INSEAD's career report for 2007 is out on the website. I downloaded it yesterday..Tarekhttps://www.blogger.com/profile/17248019818925350392noreply@blogger.comtag:blogger.com,1999:blog-7485930897542235908.post-43794966794048449442008-06-11T12:09:00.000+02:002008-06-11T12:09:00.000+02:00WOOOO HOOOOO!! bravo!!!that was a job verrry well ...<B>WOOOO HOOOOO!! bravo!!!</B><BR/>that was a job verrry well done!<BR/>The last table (comments included) should definitely be mailed to Business Week, FT and the oh-so American inclined U.S News. It was FANTASTIC!<BR/> As I type this, I rub my hands in glee, waiting for the next bit of analysis (INSEAD //le Wharton), like a child waiting for his next bit of candy!<BR/>:-)RunningRaincoat!https://www.blogger.com/profile/09985504356683211538noreply@blogger.com