Not all MBAs are created equal. Grace Wong, executive director of The Princeton Review Hong Kong, which runs GMAT preparation courses, says employers are not just interested in whether you have an MBA. They also want to know which institution you attended. 'They do, in fact, measure MBA graduates from different schools differently,' she said. 'It is more common among top companies like investment banks and consulting firms. They are likely to prefer graduates from top overseas schools for the simple reason that these candidates have proven themselves to be more competent and 'smarter' by attending a top business school. It will also enhance their own corporate image by having these top graduates working at their company.' Interestingly, not all companies have a preference for graduates of overseas programmes. Some multinationals, in fact, prefer to have local MBA graduates working for them because they are thought to have a better understanding of the local market. They are also considered less expensive. 'Not everyone can afford or is qualified to go to a top business school such as Harvard,' Ms Wong said. 'There are many companies who would choose to hire graduates from less prestigious B-schools as long as the candidate has the business skills and relevant experience that the position requires.'