Do I really need an MBA in consulting? I really don’t want to go back to school but I feel like I can’t progress that far without an MBA and my family is pressuring me to go back. I plan on getting certs but the thought of going back to school and incurring more debt scares me, especially because I didn’t even enjoy school the first time

likefunny
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Yes! If you don’t get an MBA you will be laughed at and then fired!

funnylike

So was mine :) can’t take the heat huh?

likefunny

You definitely don’t “need” one. Up to a certain point it may help accelerate your career/earnings, possibly also help pivot into a different type of consulting, but you can progress perfectly fine without one.

likefunny

A top MBA is unlike other schooling you may have done. It’s fun. Depending on the school your marks won’t matter and you’ll graduate making 2x more.

Happy to discuss.

likefunny

No

likefunny

If you’re in consulting and not looking to pivot significantly there isn’t a ton of value compared to doubling down on your day job and progressing through the ranks quickly.

likefunny

Damn someone is a lonely, bored, and likely depressed individual to be throwing all the 😆.

You okay buddy?

likefunny

Me 3

funny

I know people with only high school degrees that have done well

likefunny

Not sarcasm. I know several senior managers and directors with high school degrees only. They back it up with decades of industry experience and c level contacts.

likefunny

No

likefunny

No

likefunny

At Accenture- No

If you want to go to MBB - Yes (generally)

likefunny

No, made Senior Manager at 29 without an MBA, and I didn’t even go to a target school.

For some people, they can only learn concepts going down the academic path. Other people learn more by doing and self-educating themselves. An MBA also gives you the benefit of learning in a low risk environment. If you get a C in a class, you have to retake it. If you consistently bomb on your projects at work, you don’t get a “re-do,” you get fired.

Do you need it? No. Can it help you tremendously? Yes. At the end of the day, it comes down to what your objectives are.

likefunny

It used to carry more weight as a golden ticket, but I think has lost some of its prestige

funny

Most people go to pivot- MBB/Tier 2 Strategy Consulting, big tech, IBD at a BB or buy-side FO, or start their own company

If you land any of the above jobs you do not need to worry about debt

Look at your post b-school comp trajectory and create a model and I bet you”ll find you”ll come out way ahead

Apart from that, don’t forget to mention you are literally 2 years away from work with like minded ambitious people so it’s a lot of fun from the social aspect too and will lead to a strong network for down the road for a job or funding if you are trying to start something

Best of luck OP on what comes next!

funny

Broadly, beyond just consulting, MBAs have very much lost their shine.

funny

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