As you already may know, the Kellogg School
of Management is considered both the top MBA program globally
and in the United States. The Economist Intelligence Unit
and BusinessWeek magazine have both again named the
Kellogg School No. 1 among all business schools in their 2004
rankings of full-time MBA programs.
Since the BusinessWeek rankings began
in 1988, the Kellogg School is the only school that has appeared
consistently in the list’s top three spots. This year
was our fifth No. 1 ranking, the most of any school ever ranked
in this survey. We believe these facts reflect our overall
commitment to our students, faculty, alumni, staff and recruiters.
We are very pleased at this recognition of our collective
It is important to remember that while each
media ranking provides us with valuable feedback on certain
issues, such information is just one component in a larger
evaluation that we conduct to ensure satisfaction among all
our constituents. Kellogg places special emphasis on creating
a unique student experience and on delivering a world-class
curriculum. Also central to our mission is our commitment
to all our partners, including our faculty, staff, alumni,
recruiters and corporate supporters.
Our success is truly a collaborative one,
reflecting the hallmark of the Kellogg School culture of team
leadership that distinguishes our alumni in the business world.
Indeed, and despite some recent arguments
to the contrary, the MBA degree remains a valuable tool to
achieve professional success and make important social contributions.
In particular, the benefits of a Kellogg School MBA are perfectly
aligned with the complex transformations evident in today’s
It is important to take a holistic perspective
on the value of an MBA degree. Here is why.
First, almost all the top MBA schools in the
United States require their incoming students to have significant
experience. That level of professional experience continues
to rise from several years ago when the average was two years.
Not only is this experience necessary for understanding the
teaching in an MBA program, but recruiters are demanding that
graduates have this pre-MBA experience, plus summer internships,
before they hire them.
Second, most MBA programs provide students
with various frameworks for solving unstructured management
problems. Learning analytical techniques that develop sound
solutions to problems means that managers must have a complete
understanding of the basics when they face the task at hand.
They obtain these fundamentals in the MBA environment, which
complements any personal experiences. This advantage, for
instance, is being recognized more and more by consulting
firms who recruit top MBA school graduates who can provide
their clients with structured, analytical solutions.
Finally, leaders need to go through a learning
process that is acquired over the entire MBA academic experience.
In fact, the curriculum in many MBA programs today focuses
on both analytical skills and the importance of good people
skills. In addition, several programs now incorporate real-time
and real-world problem-solving projects (i.e. action learning,
the theme of this edition of Kellogg World) for companies
that provide students with even more experience, making them
better prepared for the workplace.
Good leaders aspire to become CEOs one day,
and an MBA education definitely provides them with the tools
that point them in the right direction. All of us in the Kellogg
School community remain dedicated to producing graduates who
bring both strong theoretical frameworks and real-world understanding
to the challenges facing today’s businesses.
It is gratifying to see our efforts recognized
in the rankings. But it is even more gratifying to see the
results of our curriculum in action as our alumni contribute
their leadership to top organizations throughout the world.
Warmest personal regards,