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Only if you're going for management consulting or a pivot. And even then you'll need it from a target school. I don't see the value if you have a specialty and a few years of experience. Better to go for a JD IMHO.
Don’t go for a JD for business unless you have an accounting degree and want to be a tax attorney.
If you have made it to Manager in a Big4 equivalent then starting an MBA is an absolute waste of time (I'm an MBA visiting lecturer and a Deloitte MD).
The other thing is that you are probably experiencing an "echo chamber" problem (if you've done an MBA this won't need explaining).
Basically you only interact with other late 20 / early 30 year Olds in consulting/law/banking - they all decided they needed an MBA to get on, so now to you it seems like everyone at your level has an MBA and it isn't helping.
Less than 1% of the adult population has an MBA so it has worth, but is it worth it to you?
I don't think so...the trajectory of AI capability is making the effort and expense of an MBA less compelling
Pro
If you want to pivot at 5-10 YOE then yes. Otherwise it’s just a box check.
I struggle with this when advising my children. I earned my MBA after over 10 years of real industry experience. Personally, I think without significant real life experience, the training would have been much less useful. When interviewing candidates, I do not value MBAs without at least 5 years work experience. My MBA was 100% paid for by my employer. Today, that is less common, so would I advise my kids to take my advice of waiting until they are in their late 20s/ early 30s to pursue an MBA when they are getting married, having kids and would have to pay for it? I struggle with the right answer. Great to have in your back pocket, but expensive. Good learning, but really needs experienced context to be fully useful. I am an engineer, but it seemed most of the MBA curriculum would have been a repeat of what business majors learned in undergrad — not very advanced subject matter. Also, I do think anything less than a top school may not be worth it in any scenario.
The value of an MBA isn’t what you learned. It’s your cohort and peers as well as the alumni that you’ve connected with while in the program.
Chief
Then, it becomes like a college degree. Not necessarily needed for the job. But something employers can demand a candidate has for consideration.
Ivy League / top 8 MBA programs are worth it
The education at the top 5 is too woke e.g., Keynesian economics
Lmao. The top 5 schools in the country / world teach something that doesn't align with whatever ideology I have, so instead of change my mind I'm going to assume the top 5 schools are ALL wrong.
You seem like a genius.
Yah but additional years of experience within the role you’re applying for is an equalizer
No
Then isn’t not having one even a bigger risk?