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I made it to $130k as a homegrown M at Big D when I was 29 and about to turn 30. then COVID happened which left my pay stagnant for a year and at that time was when I decided to leave for greener pastures. I contemplated whether mba was the route to take but couldn’t fathom the 2 yrs without a salary coupled with my family situation (married with 1 toddler in Southern California). Instead I interviewed at a few different places last fall and the first jump got me to $160k base. 6 months thereafter I actually got offered a job in big tech that landed me at $175k base and a killer RSU package of $125k over 4 yrs with annual refreshers so I can’t complain now.
All this to say it highly depends on your aspirations and what you actually want to do with your career. If it’s a complete pivot, then MBA is a good way to get there. If it’s just $$$ then I don’t see why you don’t just interview to see where the chips land and take it from there.
@D1 - I actually started interviewing when I was a little over 2 months into my new role and everyone just assumed I was still at D but it didn’t really come up in my interviews since they had an older version of my resume. I was honest in my online profile as well as my background checks but it was never really an issue maybe because I was at D for 8 yrs already but who knows.
A few points. At your age and experience level you are looking at an exec MBA
Second thing - if you get an MBA you will incur a significant amount of debt. It will take you probably 6-10 years to pay off assuming you are in a high paying job.
Do you have the energy to gring really hard for that long?
Also....do an MBA because you are interested in the material and want to apply those skills. Just having an MBA will not result in a pay increase for you anymore.
Now if you're a person that applies what they learn in their MBA program to solve more complex problems them you will make a lot of money and it will pay off
I think it's great, but it's different than the bump that comes from a full time MBA. Let me explain
With a full time MBA - you walk out and you get a pretty good / high paying job
With an exec MBA ...most people are already paid really well because they are already high performers. So most of the pay increase comes from exec mba's solving harder problems at their job.
If you have the energy and are in a high growth field...the roi can be huge. By the time I hit my 10 year anniversary I will have 5x my annual comp and still have room to grow
Buddy, not sure what’s your service line or YOE, but I think you are underpaid as a SC or M. Depending on service line, SCs get 130-170k base. MBA will help you for sure, but there’s ROI and opportunity cost elements to it. In my own experience, an MBA helped me tremendously, good network, also potentially a good summer internship
Thing here is homegrowns are paid less comparing to exp hires or MBA hires