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Rising Star
If you want an MBA for the experience, do it.
If you're already in consulting and want to stay in consulting, it won't do much for your career, particularly in London. Nobody really cares if you have an MBA
Rising Star
If you want to stay in consulting long enough to make partner, getting an LBS MBA actually makes a lot of sense. During the program, focus on networking with classmates, professors, and professionals invited to campus.
Take enough time to make a connection with as many people as possible. Use a contact management system (dedicated apps are great, but it doesn't have to be). Reach out to each of them at least annually with a nice personal note, but maintain a social media presence (LinkedIn) and post and tag often enough that you come to mind when they think of consultants or your industry or your favorite topic or whatever.
Do this well, and as the years pass, your network becomes increasingly valuable. You will know people across the globe who can get things done at high levels in prominent business and civil positions. When you learn to sell work, you'll learn to tap this network. When a (potential) client is curious about some niche, you'll have somebody you can personally recommend and that person will reciprocate.
I don't know how old you are, but by the time you're solidly mid-career, this type of network can be more helpful to continued success than any technical skill or experience.
Honestly, if somebody offered to pay for an LBS MBA, I'd take it in a heartbeat. Not to get a new job, but to open doors that I'll walk through decades later. Regardless of people saying it's "old school" it's still how the world works. Hard to find another way to build such a network in such little time. It's equivalent to many years of consulting.
Its a ripoff and focus has really shifted to bigtech which is increasingly admittedly favoring non MBAs.
People say its great networking but I feel its oldschool to think you really need to pay £80k for it. Might as well spend 1% of it on linkedin/bumble subscriptions and you'll gradually make connections, maybe not that deep or quick but you'll get there, Consulting atleast teaches you that.
An MBA would open your mindset to other careers and provide ample opportunities to change so - you won’t get such opportunities later in life.
Sponsored by somebody paying £100k+ for LBS right now
Do aca or Cfa instead - more reputable and cheaper/firms will fund them