Although quantifying a school’s profile certainly does not tell you everything, it can sometimes be helpful in simplifying the many differences between the various MBA programs. Each week, we bring you a chart to help you decide which of the schools’ strengths speak to you.
Some might go so far as to suggest that you can, a la Bill Gates or Steve Jobs, start your own business without a college degree, let alone an MBA. Yet for many, business school offers the education and skills necessary to direct all aspects of your dream company—from managing the accounting, finance, marketing and strategic components to properly motivating and managing people. Further, as competition between business schools intensifies, almost all the top programs are adding bells and whistles in this area, including mentorships, incubators, business plan competitions and funding opportunities that could help your start-up get off the ground.
Still, relatively few MBAs start companies immediately after graduating. Many candidates pursue their MBA with entrepreneurial dreams but do not act on those dreams right away. In fact, of Bloomberg Businessweek’stop ten business schools, the Stanford GSB is the only one with a double-digit percentage of its class entering start-up/entrepreneurial positions in 2012.
However, this could be due to graduates’ personal circumstances or their desire to gain more professional, “hands-on” training before striking out on their own. Despite these relatively low figures immediately upon graduation, the entrepreneurial impulse often seems to pick up several years out. Harvard Business School, for example, reports that within 15 years of graduating, roughly one-half of its MBAs become entrepreneurs and approximately 25% start multiple businesses.