A revolution is quietly underway in the world of business schools: smaller, less fancied centers are overthrowing the bigger names specially the internationally renowned Ivy League, according to a survey of recruiters.
Most recruiters said they preferred students from public universities — funded by state government — as they were “most prepared”, “well rounded academically” and that they fit well into “corporate culture.” There is, of course, the issue of the bottom line. Companies are no longer in a mood to splurge on hiring, not in these times of tight budgets.
Pennsylvania State University, Texas A&M University and University of Illinois were the recruiters’ top three selection. Ahead of Cornell, the only Ivy leaguer to figure among the top 25, came in at 14.
Harvard, Wharton and Yale were nowhere among the top 25. “We have none of the basic bread-and-butter courses that serve you well in much of the industry,” Harvard’s Claudia Goldin told The Wall Street Journal, which conducted the survey with PayScale.com and human resource management firm, Cambria Consulting.
But the recruiters’ preference for state schools was such that many companies have opened offices close to them.