ABSTRACT
“It’s not what you know, it’s who you know that counts.” We have all encountered assertions of this type, stressing the importance of interacting with the right people. In a similar vein, how does one explain the tremendous premium prospective MBAs put on attending a top business school if one is unconvinced that such schools differ greatly in their value-added or in the ability of their students? A common response is that the real reason for obtaining an MBA from the right school is the chance to “network” with future captains of industry.
