So then, does it really matter where you go to architecture school if you want an M.Arch?
Most architecture schools claim that their true business is teaching you, the student, how to Design-with-a-Capital-D. Design in fact plays a very small role in the real world of architecture, but in the academic (non-real) world it is everything. Many instructors (called "critics" in this arena) go into teaching just because of that...and perhaps they couldn't make it in the real world of getting architecture built, or they simply loathed all that sordid-but-necessary business of dealing with clients, contractors, costs, and so forth. And even though non-tenured faculty don't make much money, it is often a steadier income for an individual than real-world practice (talk to any residential architect right now about how steady work is, if you want understanding of that situation).
And architectural academia is also a route for getting ahead for some architects...the whole drudge-serf-associate-architect-principal continuum in the real non-academic world takes decades to cross for most people, and it wears you down. Therefore many capable (or depending on how you feel like looking at it, incapable) architects try for academic roles as critics: because then they get paid, and they get to talk about Design. And if they make a big enough name for themselves as a Talker or a Teacher, then someone outside academia might assume they know what they are talking about (even if they don't), and hire them to do a Real Project. Altruists aside (and I'm not sure I have met many altruists in architectural academia), teaching is often seen as a way to leap-frog the great tedious route from serfdom to Fountainhead.
So even if the critics in a program are in theory there to inculcate the abstruse principals of oh-so-noble Design in you, the student, many (but not all, we must hope) of them are just going through the motions and deep down inside they're waiting for that moment when they magically get a building.
Does it matter then which group of likely-frauds you put up with? Well, certain schools manage to populate their faculty with up-and-rising academics, who are successfully taking that shortcut off the path of drudgery, or even with "Starchitects" who have actually made it big time. So you can learn by example how to make it big through the academic route, even if you learn nothing about Design from them (more on the teaching of Design, later). And plus...those up-and-comers need their own drudges now since they are getting real projects and don't know anything about how to run them, so you can associate yourself with them. It is easier to get an internship with someone who knows you, like your critic, than it is with someone who doesn't. And since the academic architects need a lot of help--and can't, obviously, be at the drawing board all the time because of those tedious academic duties--their offices offer the drudge-serf quicker routes to more responsibility for the little Design that actually occurs than you will find in a firm not run by academics.
If you must take the drudge-serf route, then, it is marginally preferable to do it for a Starchitect or wanna-be-Starchitect (unless you need money...I know, personally, of several Starchitects who never, ever pay their serfs. "Payment" is working for them, learning Important Stuff at the Master's knees, you see. My old instructor Peter Eisenman--the most successful academic architect I have met--even brags about not paying his interns in his interviews.)
It's still rough...the most imaginative person I knew from my own class at YSOA went to work for her critic, Frank Gehry. Despite that, she abandoned her internship and has now left the profession for some role in software development. Drudgery is drudgery, despite the possibilities or pedigree associated with any particular drudge-serf position.
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I'm sorry, Nick...this is coming across as very cynical, isn't it? I wonder if this is the sort of thing Tom Kundig felt when I asked him about architecture and schools, so long ago.