Sunday, July 22, 2007

More LBS questions

Dear Richard,

I was reading your blog about your MBA and also your latest post about LBS vs Oxford, and I would like to ask you a few questions, if you don't mind.

1) How do you think Oxford and LBS compare as far as recruiting? It's hard to say, since I don't have any direct knowledge of LBS's recruiting or career services. What I can say is that the Said Business School offers several recruitment paths. First, the career service offers counseling, career workshops, and mock interviews. They also compile MBA CVs for distribution to recruiters and organize several recruiting and networking events throughout the year. Second, the Oxford University career service organizes multiple events, such as consulting and banking fairs. Though these are primarily aimed at undergrads, it still offers a chance to get some face time with recruiters. Third, the MBA class organizes several clubs, called Oxford Business Networks. These include consulting, banking, non-profit, diversified industry, women in business, etc. The OBNs are student directed, but have been really effective at attracting recruiters and organizing career events. They are also a great opportunity to connect with alumni and actively contact corporations that would be less responsive to individual efforts. Lastly, events like Silicon Valley Comes to Oxford, the Oxford Media Summit, and the Private Equity Forum offer an opportunity to connect with the wider Oxford community and to network with high profile guests. At the end of the day, the more you take advantage of these opportunities, the more you will get out of the Oxford experience.

2) Would Oxford help to get a career in finance in investment banking and/or private equity and/or hedge funds? Yes, but a lot of that will depend on your background and how hard you work. If you are changing roles, industries, and geography, then the hurdles will be high, but this is true of any program.

3) How would you see Oxford compared to a MSc in Finance at LBS? I think a better comparison than the MBA would be the Oxford MSc in Financial Economics. I don't have much knowledge of these program structures, but I know that the MSc at SBS is extremely rigorous and admits only the best of the best (710 average GMAT, very quant heavy).

4) How is life at Oxford, how is the weather, how is the people around and the cost of living overall? Life is good, it's an amazing place to study and an experience I will never forget. I've met some truly incredible people and look forward to maintaining close contact with my classmates for many, many years. The weather is the weather. I've lived in Los Angeles for the past six years, so the gloom of winter gets me down a bit. However, the spring and summer are heaven on Earth. The cost of living is a bit high, but probably a bit less than London. The biggest factor for me has been the decline of the dollar, but exchanging my student loans to pounds at the start of the program locked in a reasonable exchange rate. If you think the pound will drop over time, just take out a Barclays loan denominated in pounds.

4) How is the faculty in Oxford, the Staff, and the atmosphere between students? Every student has professors they like and don't like. However, I've been happy with the vast majority of my professors. They are knowledgably, friendly, and available to assist students in both academic and career development. The staff at the school is great; friendly, competent professionals. The facilities themselves are fairly new with all the usual technologies (multi-screen projectors, amphitheatre seating, etc.). As for the students, I believe that the small class size greatly enhances the learning experience and create a cohesive class. You can get to know everyone in a class of 200, but at an MBA mill with 700+ students, you simply won't meet many of your classmates.

5) How strong do you believe that the Oxford brand is in London as far as the MBA? Very, very strong. Many City professionals went to Oxford as undergrads and have a strong affinity for alumni. How about in Continental Europe and in the US? I can't really say about Europe, but I assume it's very strong. In the US, the Oxford brand is extremely valued and held in the same regard as the Ivy League schools. Would you rate it anyplace close to Harvard, Wharton, Stanford? Definitely. After meeting several dozen MBAs from Harvard, Wharton, and Stanford while working at Google, I have to say that I'm really glad I chose Oxford. It's easy to get lost in the crowd and many MBAs come off as one-dimensional; even pretentious. Oxford MBAs are simply different. They are bright, knowledgeable, and accomplished, but they are also people you can have a great conversation with. In short, they are interesting and well rounded people, and that makes for a great program.