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Are MBA consultants worth it?
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MBA is overrated
If you don't get an MBA from a top program they're worthless
NYU MBA’s might start at 130k, but the ceiling is extremely high. Virtually non-existent. Of course that all depends on what you do with it from there. You can drive yourself to be successful a lot of different ways. The MBA, and the connections you acquire from it, provide you a lot of interesting options. Hard to think any career path will lead you to more $$ without a lot of work and personal sacrifice along the way.
NYU is historically a T15 program. Definitely do it if you want to pivot careers and if you can get in. Lots of companies offer huge signing bonuses to MBA grads to offset debt (banks and MBB specifically). My advice would be to save as much of your current 100k salary as you can before starting to minimize debt/col expenses in NYC. Also have a clear vision of what you want to do after MBA and make sure stern will get you there. Good luck!!
Data science is much better
Let’s assume 60% tax effected annual increase in salary. That’s means an incremental take home of about $18k per year. Let’s also assume you get annual increases of 5%- resulting in last salary of $210. Add $150k in costs. Your all in $360k in last income and expenses. That’s a 20 year breakeven point.
Just looking at the math you are showing there, probably not, but idk what advancement would look like
To secure a job at MBB you need to attend a M7 program.
I’m currently back office but want to be be more front office
Ey1, why do you think mbas are overrated?
Go for it if you can’t get the same job without MBA or can’t become partner. Starting salary from MBA is not a good indication of earning potential after MBA.
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