Is anyone having second thoughts about MBA? I got into HBS but I’m feeling really nervous about not having an income for two years + spending so much money, all the visa stress, etc etc. is it really worth it?

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I would still do it, you’ll always have HBS and McKinsey on your resume

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From the comments, it doesn’t seem like you’re going to be sponsored. I have a sense a lot of the people responding assume you are. The economics are very different if more paying for it - I would not go if McK is not paying.

Taking out $200K+ in debt at 10% interest right now is a very, very high price to pay for what you’re going to get from the experience. It works out to over $3K per month for the next 10 years assuming no large one time payments. You can take $50K and go on an equally transformative experience with friends or family, and no one will find it weird either considering you’re at McKinsey

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Haha what kind of logic is this — “you’re going to have to pay $300K so might as well make it $350K”?

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i’d skip. mba becoming less and lesss useful by the day man

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my point is that fewer and fewer people are getting great jobs even out of top programs. the roi of an mba has decreased significantly. just look at the numbers 👍

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Would be shorty sighted. You don’t find many who regret esp at HBS.

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This is helpful. Thank you!

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I'm thinking about turning down Stanford for the same reason

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Bad idea. Stanford is awesome.

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Depends a lot on your UG pedigree. If already T10 UG + top LAC (e.g., Williams /Amherst), then I think HBS doesnt add much value in terms of brand or network on top of your UG + McK.

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A top MBA can still help even with an elite UG on resume. Not everyone has friends from UG who ended up pursuing business outcomes especially if you were under represented or weren’t as socially involved for from an elite high school. An MBA can be a lot more targeted to your individual career outcomes.

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Go.

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If you only plan to work until 45 or less then a couple years of spending money and making none will set you back

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I feel this

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I completed a good and prestigious Exec. MBA in UK 5 years ago thinking that it would increase my chances to get promoted or if I lose my job to find quickly another job. Unfortunately neither of both happened. I got laid off one year and two months ago and I am still looking for a job. What I see is that right now nobody cares about an MBA. You will possibly have better chances acquiring certifications and it will be a much cheaper option than an MBA.

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no doubt the mba has significantly lost
value as a general matter but this is probably even more so the case in the uk. the mba is a very american thing so 1) uk job market doesnt really care about mbas and 2) uk mbas aren’t valued much either as compared to m7

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Particularly if you’re at McKinsey and can get sponsored, the economics become a lot more favorable. It’s a pretty amazing experience

2nd thoughts are warranted I am having them as well but HBS is hard to pass on unless you think you can get to your goals without mba

Recommend try www.belegendary.ai to assess the odds of getting into the top MBA program, it’s free

What’s your visa status? I’m in a similar situation and thinking to defer the MBA for one year

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My colleagues
Just to put some intro
I am 22 years after college experience and worked in consulting for 15 years and currently in industry for 7 years.
My long term goal is to go back to consulting more of a business advisor from a strategy perspective
Here is my question
Would MBA be any good for me especially looking at strategy side?
I don’t want to spend $200K and would probably go online MBA in a mid tier school. Are those any good?
Looking forward to your great input on this topic

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