<p>I don’t agree about it being a niche b’school. Chicago teaches specific skills based on quantitative analysis. Harvard’s method does not quite <em>teach</em> much, but through its case studies provides an overview of different industries and how certain decisions by organizations are made. In the process the student tends to teach him/herself some underlying concepts but not much. The reason their grads do well in life is not because what HBS taught them, but because they were among the smartest people around to start with, who now have a big branded stamp of approval granted by the HBS admissions office. The Chicago method actually does teach analytical skills with greater depth – depth that provides them the ability to hit the ground running in industry.</p>
<p>I have probably oversimplified, but the general concept is the same.</p>