Internetworking Shows A New Year, A New Ranking – Financial Times Global #18

25 01 2010

Now that we are out of the Stone Age, information reaches us in lightning speed. I analogize this speedy transfer of cyber data to the process of Apparating. For those of you who don’t know what that is, well you need to go to your nearest Harry Potter book. (It’s like teleporting.)

Growing up in the Silicon Valley, I saw and felt the rise of Apple, Intel, and Google, among a few. I also witnessed the demise of Lycos, Excite, and other internet startups that clearly didn’t make an impression on me. Then along came LinkedIn. And Facebook. These two little startups in Mountain View and Palo Alto, respectively, have turned “networking” into real bonds. Covalent ones. A simple compilation of professionals and their past and present colleagues, LinkedIn fares well because it has only one aim: to connect working people. All the other benefits that come from making that connection (like a new job) are added bonuses. Facebook is slightly different. Its mission is global domination (cue eerie music.) No really, Facebook’s purpose is identical, except in fewer words: to connect people. Both are currently fulfilling their end-goals as effective, user-friendly, social-networking platforms. If I may coin a new term, they are great for “internetworking”.

So this morning I went through my perfunctory routine of checking all my emails, my LinkedIn account, and my Facebook. We Silicon Valley-ites are addicted to the internet. Anyway, while scrolling through the discussion of my September intake, I noticed that one of my future classmates had posted a link to the new Global MBA rankings of 2010 according to the Financial Times. This new year, my new school has a new ranking of #18 in the world. Not bad. I think that’s rather exciting news. Then, minutes after reading the rankings list, I went on to Facebook to see if the discussion continued in our forum there. The first thing I noticed in my News Feed was a post by a long-lost friend in Hong Kong. “Currently #9 in Global FT. Guess I’m making a good investment” it said. Incredible. In this Technology Age, the internet is truly fast-tracking our receipt of all information.

It’s my firm belief that technology is here to help us. Yes, this was my stance in my response to a previous GMAT essay prompt. If we don’t abuse its boundaries and use it with cautioned respect, technology will make us a more efficient and pleasant people. Cavemen were always grunting and unhappy because they didn’t have computers and internet. It wasn’t about the food. Although HEC has moved up from its ranking in 2009, I think it can keep moving. In recent years, the MBA program launched an innovative initiative with Apple to provide iPods to students so that lecture podcasts could be saved and listened to at a later time. This is an example of harnessing the power of technology to do good. With the school positioned as a leading business teaching institution in Europe, cultivating and maintaining a strong alliance with the technology sector may be just the thing to propel it even higher.

As students, we should contribute to the improvement of our program with our minds, our words, and our ability to grasp new technology concepts faster. You know you can use that iPhone better than your dad. I sure can :). This collaborative blog is one step forward in the right direction. Now let’s use it to move mountains.

Looking forward to checking my Facebook tomorrow.

For internetworking.

Peggy

*A secret tidbit about me: I am one of Facebook’s original members (when invitation emails were first sent to a handful of colleges.)

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6 responses

25 01 2010
Vikram

We sure can make a difference! By the way, you not only write really well, but you write pretty fast too. Unless you were referring to some other discussion where you saw the FT rankings because I posted that just an hour or so back 🙂

25 01 2010
Jeevs

Hey Vikram, put a link to your post too so that we can have a look! 🙂

In reply to: We sure can make a difference! By the way, you not only write really well, but you write pretty fast too. Unless you were referring to some other discussion where you saw the FT rankings because I posted that just an hour or so back 🙂

25 01 2010
Peggy

Thanks Vikram! What can I say – I found inspiration 🙂

26 01 2010
yachuan

I really love to read your articles. The content is so logical and refreshing, not to say how equisite the wording is!

Yachuan

26 01 2010
vik10

Jeev, I posted the link to the FT rankings in the HEC group on Facebook.

27 01 2010
Jeevs

This is what Arvind had to say over the Linkedin discussion (content posted here with Arvind’s permission):

” My 2 cents on why ISB is ranked so high an what these rankings mean to us.

The FT rankings are biased towards the post-MBA salary and % salary increase. In these aspects ISB and CEIBS score well, so you see a high rank. IE’s students tend to come from Latin American countries and find employment in Europe after their MBA. The % salary increase post MBA is high for IE students. So you see IE score well in the FT rankings.

Schools where majority of the students usually find careers in finance and consulting do well in FT rankings as the salaries in finance and consulting are higher than industry jobs. That partly explains London Business School and INSEAD’s high ranking. No MBA ranking system is perfect. As imperfect as these ranking systems are, business schools need to pay attention to these rankings and game them to a certain extent as many students base their admissions decision to a certain extent on the ranking of the school.

At the end of the day what matters the most is the “fit”. That elusive characteristic which is hard to objectively describe and is different for different applicants. Post MBA, I want to work in Brazil as it is one of the emerging countries. I have been learning Portuguese for the last 2 years and have travelled extensively in Brazil. My fiancé being a Brazilian also helps. HEC has a great dual degree program with FGV, Sao Paulo which is the leading business school in South America. So HEC is a great “fit” for me.

This is part of the reason why I suggested that everyone write a blog on why they chose HEC MBA. I am sure that the motivations would be as different as there are applicants. Diversity is not just about the geographical locations we come from. Real diversity lies in the differences in the ways we think, the differences in our motivations and aspirations. I am very excited about the collaborative blog. It’s a great chance to get to know the real diversity in this group.

In the end, take these rankings with a pinch of salt. They don’t mean much if we have figured out our “fit”.

Cheers,
Arvind”

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