Presidente of Banco BMG, Ricardo Guimaraes, an Advocate for Higher Education, Encourages Young Business Professionals to Pursue MBAs from Prestigious Schools


Ricardo Guimaraes is a well-known banking professional in Brazil. Though some might think he is best known for his role as Presidente of Banco BMG, his family has always been a part of Brazil’s business community.

Guimaraes is heir to his father’s mining enterprise and his grandfather founded Loan Credit Bank in 1930.

Unfortunately, many business professional hopefuls look at someone like Guimaraes and think that they too need only to complete a degree in Business Administration; and work as an intern or an office assistant here and there to fully prepare for a business career. However, when you consider Guimaraes’ lifetime of experience and exposure to international business from his family’s work; you will see why the average person needs more than just a degree in Business Administration, and a little job experience, to gain success in the business world.

In fact, Guimaraes is an advocate for higher education and typically recommends that people interested in a business career pursue an MBA.

Forbes.Com has ranked the top Ivy League MBA programs in the US. Here are some of highlights of the list.

What are the Most Prestigious Schools on the List?

The most prestigious schools on the Forbes list are Stanford Business School, Harvard Business School and the Booth School of Business. Unfortunately, many students find that the most prestigious school on the Forbes list is also the hardest to graduate from.

This is because only 7% of students that enter Stanford’s MBA program graduate. However, Booth’s graduation rate is higher at 24%. Harvard’s is 12%. In terms of cost, Harvard is actually the most expensive of the top 10 weighing in at $139,000 per year.

What are the Easiest Ivy League MBA Programs to Graduate from?

When you compare these programs to Bachelor degree programs, the graduation percentages are shocking to say the least. In fact, the highest graduation percentage of students that leave a top Ivy League school with an actual MBA is 24%. Therefore, the easiest Ivy League programs to graduate from are, The Booth School of Business at 24%, The Warton School of Business at 20%, The Tuck School of Business at 22%, The Columbia School of Business at 18%, and the Yale School of Management at 24%.

What’s the Least Expensive School?

There’s no getting around it. Getting your MBA from an Ivy League school is going to cost a lot. In addition, the cheapest school still costs more than $100,000.

The Haas School of Business is the cheapest at $110,000 per year. The other schools that are relatively cheap are a full $14,000 or more per year.

-Stanford Business School is $126,000/year;
-The Yale School of Management is $124,000/year; and
-The Kellogg School of Management is $127,600/year

Follow Ricardo Guimarães on Twitter