Date: March 23rd, 2018 12:34 PM
Author: mauve business firm community account
https://www.mbacrystalball.com/blog/2017/01/25/m7-business-schools/
"If you are only looking for a quick answer, let’s address the basic questions first. What is the meaning of M7 business schools? Which bschools make up the list?
M7 is a term used to refer to an informal group of 7 top business schools. Here’s the elite M7 business schools list:
Harvard Business School
University of Pennsylvania – Wharton School of Business
Stanford Graduate School of Business
University of Chicago Booth School of Business
MIT Sloan School of Management
Columbia Business School
Northwestern Kellogg School of Management
While we are on the topic, and you have a little more time and curiosity, let’s put up a few more related questions:
– What is the relevance of M7 business schools? Is it another MBA ranking?
– How is the M7 different from the ivy league?
– Should you have an M7 or nothing application strategy?
– What sets the M7 MBA programs apart from the other top universities?
We’ll address these in the following sections.
M7 business schools – Another ranking?
Across the world, the top MBA programs see a huge number of applications each year, while the number of seats remain more or less the same. That is why these schools have such low acceptance rates. But that doesn’t dampen the interest levels of MBA aspirants who wish to join the best and most reputed business schools in the world.
This brings up another challenge. How do you define the best business schools?
A popular approach is to refer to the various MBA rankings published by the familiar names in the business – Financial Times, BusinessWeek, Economist, US News among others. But there are issues that come with them.
The first set of issues is related to the ranking methodology. We won’t get into the details of this (since it’s a topic we’ve covered in another blog post). In short, it has to do with the fact that each ranking uses a fixed set of parameters and tries to squeeze in every participating school into that ranking framework.
If you ignore all of that and decide to go ahead with one of these business school rankings, the other practical issue that comes up is how the hell do you choose from a list of 100 MBA colleges that are included in that ranking?
This is where candidates start getting creative. Based on the strength of their profiles, they target a subset from that list. That’s how you get the Top 10, Top 25 and Top 50.
Another problem. These lists (including the smaller sets) aren’t permanent. There’s a constant churn in what you’d call a Top 10 bschool since the rankings change each year.
What if you consider yourself extra special vis-a-vis the other applicants? These generic labels of Top X programs cease to sound invigorating enough to get you working on their long-drawn application processes.
The M7 fills that gap.
It is not a ranking. It hasn’t been created by any publication or by applicants. The M7 is a self-selected group of business schools created with the purpose of collaborating closely. Key members including the deans, admission officers, career teams meet regularly to share knowledge, experiences and wisdom.
The list does not change from year to year. And unlike the ivy league university list which refers to 9 American universities, the M7 is the only fixed list of (you guessed it) American business schools. So much for a modern, globally inclusive concept!
Whether it stands for the Magnificient 7 or the Magic 7 or something else is anybody’s guess (nothing official about it, remember?)."
(http://www.autoadmit.com/thread.php?thread_id=3926705&forum_id=2#35670123)