Can anyone share their MBA ROI. I’m trying to figure out if it’s still worth the investment and lost income if I do full time MBA in today’s economy. I’m trying to pivot from consulting to tech but I’m not sure my end goals are to become an executive. Anything helps thanks!

like
Posting as :
works at
You are currently posting as works at

Depends on what you’re starting at. I was ~70k TC pre-MBA, went to a top 25 program and now at ~230k three years out. Ended up taking out about 80k in loans plus maybe 160k in opportunity costs so about 250k. Assuming my comp would have kept increasing uniformly at my old job, I hit breakeven this year

like

Strategy consulting

I was making $72k at 26 years old, went to a top 50 program and made $120k starting 2021, now at $150k, so doubled income in 4ish years.

like

It really depends on your starting point. If you're already in a field that hires a bunch of MBAs (e.g., strategy consulting) the MBA may not help much and you should either look to get sponsored or forego (hard to get positive ROI when you miss two years of income and experience).

FWIW, I'm class of '18 top 20 MBA weekend program. Pre-mba was engineer at ~$90K. Now I'm in strategy consulting at ~$320K. Deciding how much I want to commit to this career path, but if I keep going, 7 figure income is not out of reach.

like

You might want to try for top programs that are able to pay out a lot in scholarship, for example booth, Darden, Kellogg Etc., all have great aid/scholarship packages. Darden has been big in providing full scholarships. I’d say if you’re trying to pivot into an industry where MBA programs have strong affiliations with tech companies, will be totally worth it, in addition to getting the scholarship of course. Try and avoid schools that don’t provide any scholarship- not worth getting into 200k+ in debt, might as well network on your own.

like

I have the same concerns which is why I'm going for an online MBA while still working. That way I don't lose out on income, plus it's a bit cheaper.
Of course it might not give me the same value due to fewer networking opportunities, but hoping I can still make the most of it. I think it also gives me more value compared to someone who has been in business/consulting already.

like

I'm starting at Warwick in January. I think there are three separate weeks across the 2 years where you attend in person, so some networking should be possible

like

I’m in an MBA program right now. If you’re worried about losing income from not working, I would recommend an in person but evening MBA program. 100% enjoy/get more out of my in person classes than my online one. Plus I feel like the true benefit of an MBA is the networking which is way easier in person.

like

I’m not sure an MBA is a good choice if you want to move into tech. My MBA enabled me to pivot from engineering to consulting. Salary immediately went up about 30% from memory. For tech I would look into specialist courses or accreditations in your target niche to ramp up faster.

like

What is your YOE / TC / background?

I did a T15 Executive MBA with 5 YOE and have been able to double my salary from pre-MBA in 3.5 years. Currently 1.5 years post MBA.

like

4 YOE currently making 100K in consulting at midsize firm. Been with same company since graduating college. Hoping to apply to GSB or HAAS to stay in CA

Related Posts

Why are you so many people leaving Deloitte and coming to Accenture? What makes it better as Accenture people are leaving to go to Deloitte? Wondering on both sides why and what is leading to the change?

likefunny

I work as a Solution Specialist (sales rep) at an Authorizer Verizon retailer. Phone/wireless sales is not something I want to do forever. I have 4 years mobile sales experience and 3 additional years of niche sales/ customer service experience. I’m feeling stuck and every career/job move fells it is a step backwards. Does anybody have any advice on how to power through this or what other routs I could go?

like

Do business schools provide access to online publications such as Bloomberg business week, NYT, fortune etc.?

like

Hi 🐠 . Could you recommend some great books on people management and leadership?

like

I am a mechanical engineer and people think that because I am a "mechanical" engineer like I fix cars. It is part of the career, but it is not the same thing. It happens to others that people confuse your profession, or it's only to me?

like

Looking for advice on what types of reports/data are most convincing to senior leadership for keeping staff on who serve internal functions (knowledge managers, intranet, content specialists)- I fear these are the positions which will be lost/replaced by contractors. I want to improve my quantitative skills so I can be more succinct. Any recs for skills I should learn? I can’t spend much $$ (i.e no grad school.) ps My title makes it sound like i have more background in analytics then I do :)

like

Is it possible to switch from consulting to ibanking with a STEM background while on H1B? Or does USCIS care that your education and background fits perfectly into the little description? Job I’m interested in says STEM/business/finance UG required (it’s a capital markets role) but I’m unsure of how this would work (never switched jobs before on H1B). TIA!

likehelpful

Hi folks,

Need your suggestions here!
Currently, I'm working as a PLSQL developer.
But I want to change my skillset. I don't want to continue as a database developer.

Any suggestions, which technology should I start learning, which has high demand in market.

Hi everyone,
Is fire engineering a good field to be in? Can someone tell me about the pay scale, growth opportunities and the future scope of fire/Safety engineering?
Asking for a friend who’s done mechanical engineering and is thinking of specializing in fire eng

Thank you

funny

Any CAMS certified people out there? Tips? Tricks?
Is it worth getting?

like

I'm at a career juncture and have decided on a career in anti-money laundering as my new path. I'm also highly interested in additional education to further my career and am eyeing graduate school. Which is best? A law degree or a master's in international relations? Those are where my interests lie. I keep reading that JDs are valued in compliance but am wondering if a different graduate program is better for my goals. I already plan to obtain the CAMS certification. Thank you!

like

Hi there. I am an Operating Room Nurse thinking about pursuing my Masters in Healthcare Informatics. Is there a position for this career path that I can take while completing my graduate studies?

like

Does experience in financial due diligence with Big4 ensure good future opportunities ? Also how good is it for an MBA finance considering the majority of crowd I have found being CA on LinkedIn..

TIA

like

Okay so, its been a while since I've been seeing this in Linkedin:
The Job requirement says its Entry Level, but the experience it requires is always 6 year+... like how would a fresher match that.. should I've started coding at 6th grade or what?

I understand that it's a way of "SEO" in LinkedIn but it just discourages us freshies.

Actually not sure if this post belongs in this bowl but.. it is what it is?
P.s. I still apply to these because what's the worst that could happen... right?

Anyone severely underperform getting their JD and wind up pursuing an LLM to become more competitive in the job market? Tell us your story.

like

Why is it ok to work hard on your craft to get something just for someone else not as good as you get the job due to political status?

likehelpful

Seeking advice ...
Currently working in Due Diligence and looking to switch to either IM or Consulting. I’m really looking to grow and I recently got an offer for a TP role at one of the big four. Should I take the offer and then pivot to a management consultant role from there or should I stay in banking and try to get myself into IM? What are my options? Thanks!

like

Anyone moved from consulting to an internal role? How did you find it. I’m fed up of consulting

like

Can A non technical person from service operations become a scrum Master after completing the certification and learning about all the principles

Fifth year labor and employment associate at Big4 L&E firm (think Littler) and am considering making a move into big law (think Jones Day, Goodwin, etc.) Any thoughts on if it’s worth it this late in my associate career? Also, do those big firms take 6-8 year L&E laterals?

like

More Posts

Is Julio Jones a decent flex option for this week if Godwin doesn’t start? Full PPR league. My current roster options are Damien Harris, gainwell, and Osborn. Thinking of dropping gainwell or Osborn to get Julio off waiver for this week.

like

Should I start (a) Elijah Moore or (b) Adam Thielen at WR2

Should I start (c) James Robinson or (d) Melvin Gordon at RB2

like

I get Waddle & Pollard, I give away Mattison and Davante Adams. Good or bad trade? I am 0-3.

like

Is it permissible to work at a VC firm? From what I understand it should be because both parties are taking risks.

likefunny

It’s been real uncle D, but the bag has called

like

What time frame is used to measure our utilization metric? I'm pretty sure it's not our fiscal year, but sometime around April '16 - March '17?

Please help. What's the best mobile app to track H1B Petition approval status

Aside from just time and experience, is there anything I can actively do to advance in my career and get more responsibility / client interaction? I’m a first year

like

Hello fishes,
I received my oracle offer letter. I have doubt.. is it compulsory to be in office on 1st day of orientation.
Does oracle do not provide option of virtual onboarding ?

like

Need insights about citi joining process. After 1 and half month recieved offer letter this Monday and I have accepted it on same day along with joining date. But till now they have not initiated BGV process. Will everything take this much time in citi !! How smooth is the joining process in citi?

I do not like HR work, should I be aligned to HC? I’ve mostly worked on process design on large transformations and do not feel like I need to be an HR guru in order to understand the business process

like

What is the notice period in TechMahindra

Hi Sharks, I don't have any friends in Tech Mahindra. Need to confirm one thing. I am holding offer from TechM and HR told whatever total variable pay we mention in offer letter, we pay the same on Monthly basis in salary.
Is it true?
Kindly confirm.
Also please let me know how's TechM for SAP functional consultant profile?

like

How is your district implementing school reentry? How are you setting up your classrooms to meeting social distancing while still allowing for free play?

like

Can anyone from VOIS confirm what was the last average hike % ?

like

First year associate here—I got all “developing” on my engagement review from my manager. Is this good? Bad? The options are “needs improvement,” “developing,” and “proficient."

like

What is it like working as a full-time graphic designer for a company (not an agency/firm)?

like

How is the Job security in atos? My friend joined in April, 3month have passed but he is still on bench. He was hired for SharePoint tech stack, but now his manager is saying "They have very less projects for sharepoint, so please prepare for Azure". He is worried looking at the current market slowdown.

Why are salaries so damn low in London 😭 i should make >60k TC (touch wood) with ~1YOE but I still don’t feel I could rent a decent place in zone 2 on my own :(

like

Additional Posts in MBA Life

I’m a pharmacist and currently doing an MBA. I have only 2 YOE as a pharmacist and I’m trying to find a career path that will suit me. I completely regret choosing pharmacy and I want to reorient myself. Any advices as where to start applying? ( FYI I particularly enjoyed finance during the master)

like

Soon to be graduating from an MBA, and won't be able to attend a graduation ceremony or grad party - is it something life changing that I'll be missing out on?

like

Wishing everybody luck on their upcoming exams and finals! 🤞 Remember to take care of yourself during this time!

likeupliftingfunny
likefunny

What's your one regret from your time in the MBA program?

like

Boutique or big 4?

I'm currently an ops manager at a big 4 in London and received an offer from a small boutique firm with 25-30% pay rise.

I'm also in the process with Accenture but I feel like I'm not sure if I'd jump just for the money but also change in environment.
What type of things would you be asking yourself if you were in my shoes and debating to jump ship?

like

Many in my MBA program are hyper grade focused. Do grades matter that much post MBA for future job opps at all? My approach has been to balance academics with relationship building and practicing exec presence and for me, pivoting to a new industry

like

Is anyone part of Toigo? How helpful is/was it in your career search?

like

If you could start your MBA degree over what would you do differently?

like

What is an online MBA program you would recommend?

like

Has anyone gone through BDO associate interview case study step ? I have my case study scheduled end of week and I am wondering if anyone has gone through it and advice how shall I prepare. The role is in capital advisory

like

MBA1s: Tell the recruiting market is bad without telling the recruiting market is bad.

Now go!

like

I'm trying to choose between IBM Corporate Strategy and Innosight. I like both opportunities. Innosight pays more, but I've never had a big brand like IBM on my resume. Additionally, I'm worried whether Innosight's exit opportunities are slimmer than IBM. Would anyone have some advice on what I should pick / how I should think about this?

like

Can you typically negotiate post MBA consulting offers?

likehelpful

I just graduated with my MS in Health Information Management. Any jobs in NYC in this particular field (first time in this field)? Provide links. 🫶🏼

Also what is the starting salary? It would be my first time in this field. 😺

• Bachelors degree in Radiologic Sciences (x-ray tech)
• Master of Science in Health Information Management

like

Anyone heard back from Capital One for the MBA product management position? My application has been in progress for over a month and no news from the company. @CapitalOne

like

I would appreciate your perspective.
I am currently working on my MBA in a professional evening and weekend program at a highly accredited university. I am thinking about transferring to a much smaller private online program, specifically because they offer a concentration in organizational health, which directly builds on my doctoral research. Does great depth and specialization outweigh the value of a highly respected generalist degree?

like

Incoming MBA, I have my tuition paid for and rent covered (I will be an RA). So the only thing I need to pay for is food and entertainment. Do you think 20k is enough to last me through the 2 years? I will make a little money interning in the summer, so that would be a safety valve if I blow through the 20k.

Or… should I take a small loan?

I am a recent grad(Finance), and my MBA school is not a named institute like Stanford. I would want to work for a consulting co. who is heavily involved in Finance. Can you help me create a roadmap from where should I start? What are top finance business consulting companies and how to get there? My undergrad was in science.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal