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Because EMI's and loans suck it all out!
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What is the Deloitte MSP Team? Is it consulting?
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Why? I plan to manage my rentals on the side and spend time with my children. Not have the flaming bag of trash that Partners call a life
Dream bigger.
Disagree - I think MBA is critical for business director positions at F500 - a lot of the candidates you will go up against for positions with have both the manager position and an MBA
If you have rentals on the side, why not make it a full time thing ? Add more rentals and manage personal balance sheet and enjoy rental income.
I don't think you'll be able to get an accurate read on this app. Maybe do a lot of LinkedIn searching to see % with an MBA?
Haha op well said
I've seen a lot of terrible directors that have no idea what they are doing and get fired for their lack of understanding of an organization. A director isn't a passive role and most organizations don't want their directors to be passive either.
You need an MBA.
All non-hourly F500 jobs require effort. Maybe not 80 hours a week like many of us do but you won't be making $150k and dicking around with a side business half of your time. I was a director in industry and saw plenty of people fired for not being present. If you want a side gig I'd recommend a small or medium sized company.
Plenty of director level f500 people without an MBA. Depends on business unit and role and also past experience.
Degrees don't matter as much in industry. Well networked and experience will take you further. See executive level at places like Bank of America and you'll even find a handful who started as tellers and didn't get their degrees until executive level.
Nope, I don't think you'd need an MBA. Would just need to network well around 2nd year SA / 1st year manager and you should be fine. I've seen plenty of managers jump and make director (either in the jump or 1-2 years out)
You can at a minimum get a manager level job in industry coming out of consulting then get promoted to director. Straight to director may require the MBA but practical experience is being valued more and more over degrees in industry
Currently 2 that net me close to 20k per year combined after all expenses. I think I'm going about it a little differently than most RE investors in that my rentals are fully paid off, rather than highly leveraged.
You can certainly go either way: leverage to acquire rentals quicker, and worry about cash flow later or focus on paying them off and cash flow much higher.
I focus on finding rentals close to transportation that I can hold long term and pay them off. Goal right now is to get to 5 fully paid off and reassess.
What level are you now? Will Mba help you get to manager faster?
OP - how many rentals do you have and what profit do you earn overall? Just curious to see how much one can make...
Not critical, but certainly helpful and worthwhile
You don't need it. I was an SVP at a top 3 bank in before I came to firm in March as a director at 28. No MBA.
I've been an F5 Director and hired F5 Directors. You dont need an MBA. Anyone hiring that is hung up on MBA - u dont want to work for. Your "EY" confirms u r high caliber and polished. What matters is how u r unique and relevant to the role. Yes, all things being equal MBA is better than not, but I guarantee 2 yrs at a dynamic start-up (I've done 3) will differentiate u better than 2yrs in MBA school. Especially true since u do not aspire to SVP/C-level.
I'm in NYC, an MBA is crucial. The Midwestern state I come from, it's overkill.