As a Canadian there is not as much difference in our universities from top to bottom as there is in the US. So take the following in the sense that I really don’t know what I am talking about.
Both my undergrad and my MBA are from the same university. It is usually rated at or near the bottom of the MacLean’s (Canadian newsmagazine similar to Time or Newsweek) annual ranking of Canadian universities. While I do not agree with the weighting of the various factors my alma matter is ranked there. My son is currently attending (also in Civil Engineering) the top (or near the top) rated school in the same annual report.
We studied the same things, we learned the same skills and after he graduates will have the same professional license. (The main differences in what we studied are also reflected in the current curriculum of my old school.)
I really do not see any real difference in the quality of the education from the top to the bottom. (This is in Canada, US may be totally different)
A big difference is that my son would have gotten a entrance scholarship to my university and just made the cut to the one he is attending. If you take the top 5% of all high school graduates they will do well without regard for which school they attend. I would apply the same logic to graduate schools as well as undergraduate schools.
My son will have a degree from a school that thinks quite highly of itself. The top ranks of business and the profession are populated with other past graduates from his school who think highly of themselves and of their common school. This halo effect will rub off on him and help his career.
The difference in school rankings are in the quality of the applicant that they attract. The top rated schools can attract top applicants who then do well and this reflects credit on their school. That the top applicants would do well after attending any school is not considered. These top school’s graduates then are biased towards others who graduate from the same school.
The networking and halo effect are the real reasons why the applicants do any better than a similar applicant who went to a lower rated school.
Of course as a Canadian the differences are not that great in all of our schools. The costs also are not that much different. All universities in Canada are publicly funded to a great degree. If I ignore the additional travel costs (my son’s school is 3,000 kms away and mine is 100 kms) the cost difference is about $5,000 CDN ($3,000 US) per year. I think that this is a small price to pay for the beneficial effect that the top school will have for my son.
If I had a chance to do it over I would take the top rated school that I could get into. Not because of the “better” education but because of the better contacts and networking opportunities that I would develop at a higher rated school.
If the choice was between an MBA and a MEM, I’d take the MBA. Not because the difference in course work or material studied but because MBA students are from a wide variety of undergraduate backgrounds. As an engineer all your undergraduate contacts and a lot of your work contacts are engineers. You have spent all your time since high school in the company of engineers and engineering students. Why do you want to spend more time with the same sort of people when what you should be doing is broadening your horizons.
If you attend a MBA course you will broaden these contacts into finance, accounting, marketing and other business disciplines. You will learn how they think and how to interact with them. As you get into the upper levels of management you will have to interact with these types and tailor your presentations to their style of thinking and to what their concerns are. Best to practice this in school than fail in the real world.
Of course that’s just my opinion and I am probably wrong.
Rick Kitson MBA P.Eng
Construction Project Management
From conception to completion