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I wouldn’t. The market is tightening. MBA value isn’t what it once was, so your chances of landing a top tier role are lower…carrying 150K+ in debt with no job in sight is daunting.
Op is already in b school
Went to a Part-Time MBA and maintained full-time employment paying much of my tuition up front so my loan balance skews lower around $40K but I paid it off within about a year after taking my job at Accenture.
I DEFINITELY would not take out more debt than required and live it up because there’s no guarantee you’ll earn more with your MBA and be able to pay it off quickly.
I’d say roughly half of my class didn’t change jobs (and likely received no direct pay increases) after graduation.
Times have definitely changed, I did part time and probably 10% of those who went for consulting or IB got it, and only 3-5% into the “top firms”. Just a blood bath these days
Still paying after 6 years!
$75K paid off in 5 years
170K in 6 years
Cash flowed as I went!
~$150K in 1.5 years. Went to M7, got into a top firm, lived below my means, saved nothing during the time and no family responsibilities.
Yep