Is MBA worth it? Worth it as in taking out loans, losing two years of salary? Also, whats a typical salary post MBA?

likefunny
Posting as :
works at
You are currently posting as works at

Only for the top programs

like

You could also do an evenings or weekends program and not lose out on the 2 years of salary

like

I’m very close with my graduating class as well, actually most of them replaced my other friend groups haha. It is possible to get a lot of great networking from a PT program. Online programs however, nah.

Went to a top 20, had a salary of $55 going in, came out with $150. Definitely depends what you want to do long term and current salary. If I was in consulting pre-MBA not sure I would have done it (i.e., don't know if the jump from $100 to $150 after 2 years of lost salary would be worth it).
Besides the money aspect, learned more than expected. Had finance undergrad and learned how to actually apply the analytics through the MBA. Plus grew a huge network of like minded people in a variety of industries.

like

Top 10 only.

like

Don’t have an MBA. Promoted to director when I “should” have been getting an MBA. Income went from low $200k to $400k in 2 years. Made partner a few years later. Income now in the 7 figures.

like

Which firm and service line? Confusing titles

Do a cost benefit analysis accounting for opportunity cost

like

Check the program websites.

HBS was around 150k with little variance across geography

like

I made the jump from 100 to 150. The benefit was that I was able to switch to consulting. Don’t think I could’ve made the switch without an mba. I have more exit ops as a result of it.

like

26M, already making $200k in LA, so for me - it’s not worth it.

like

It depends on your long term objectives and how you are measuring returns..

It depends what you’re going to use it for. I worked as a consultant for a large engineering company and their HR department didn’t recognize an MBA as a masters, only an MS in an engineering discipline when calculating pay. At that particular company it definitely wasn’t worth it. Other companies may put significant value on it.

I did top 20. No loans. 50% merit scholarship and savings and family support for the rest.

Absolutely no regrets.

Top school + top consulting or IB or FAANG exit. If not, no

It all depends.
Going to a top program is a prerequisite if you are paying as opposed to your company.
If you want to pivot to finance or strategy it may be a necessity.
I went through the process but opted not to go because of the risk and the ROI. I see more value in a law degree at this point.

Related Posts

Hi everyone! Are there any small firms/SP’s looking for a part time paralegal(preferably weekends/remote)? I have 3 YOE in PI and my MBA. Feel free to dm for my LinkedIn/Credentials. Thanks!

like

I’m looking to switch career from data analyst to interior designer. But from what I saw the interior designer has a relatively lower pay compared with data jobs. What should I do? Interior design work makes me happy but it earns less. How do you guys see about salary cut after transitioning careers, especially I need to re-attend school ( not making money for 2+ years and pay for tuition) if I want to switch the career. Thanks!

like

How much does an architect make at Salesforce India, any helpful resources to prepare for interview for same.

like

In the running for an Associate level, IR/Fundraising/placement agent role at a top RE shop(BX,etc). What should I be targeting as far as TC expectations? YOE:5 years

like

Hey folks, I'm getting an offer as a SC in EY UK. Presently I'm a manager with EY India (up for SM next yr Oct 2021). Comp is 55k range (haven't officially received the figure, a few more days it's expected, doing some homework before that).

I'll be moving with family. Wife may not immediately start working (,find a new job, we have a toddler daughter as well 2 YO).

I personally don't find this offer commercially attractive. Can someone offer some counter arguments?

likehelpful

How is Joining Bonus paid in Capgi ? Is this the full amount or Is tax deducted when it is paid. At what rate it is deducted ? ( Only Joining Bonus) along with Salary ?

Salary?

I am a producer/strategist w/ 5+ years with experience in persona creation, organic social media growth, company-wide strategy creation, product descriptions, buying guides, Adobe - in my last 2 roles I was the only content creator and it feels like all i get is more work. I got a 5% raise this year. This is how my pay has gone:

2017: 55k
2018-2020: 58k - no addtl raise

end of 2020: (new company): 60k + 5k sign on + 5k yr end
2021: 60k
2022: 63k

Is this reasonable? Ask for more?

like

Is going for green belt certification worth it ?

like

Anyone know what the average wage for working in a bar/ restaurant in Dubai is I’m thinking of taking an offer to work there but I’m not sure what I should be looking for salary wise

Sr. Associate at a big4 in RC financial services in tier 3 city making $108kGot a job offer at PwC for M1 in RC financial services at $122k with $15k sign-on bonus. Is the PwC offer reasonable or low?

like

For those that boomeranged, did you negotiate your salary?

like

UK specific query - If my company cannot find me clients/work and want to dismiss me because they are unable to find work for me at no fault of my own do they have to provide a severance package?
UK law says it’s easy to dismiss employees with less than 2 years service but it’s a big grey area. Anyone got any experience with this?
An Employee with less than 2 years service

like

Does anyone know if the salaries posted for internal vacancies include bonus and/or car allowance or are they just the base salary?

Non MBA with 15+ years of Consulting experience; will taking GMP from Wharton/Harvard/MIT help further my career ?

like

Thoughts? Are we also getting 9% raise?

Post Photo
likefunny

Recruiters and negotiators
How much is the percentage wiggle room for negotiation?

For example, how much does an hr/recruiter have available to negotiate a salary from the initial offer? I hear people low ball on the first offer and want to know what percentages I can counter with that would be within their range and my range.

like

Is there really that big of difference in recruiting between USC and UCLA MBA? I checked MBB target schools and only one recruits at USC whereas all 3 recruit from UCLA. I would have thought it would have been about the same. Thoughts from MBB/B4/Tier 2 consulting?

like

Hi any idea how much will be my inhand salary.
Also I have 2yoe of experience and around 25 days left in np, any suggestion which company will pay more than this??

Post Photo

Hi fishes,

I have 3 years if work experience in Supply Chain - Strategic Sourcing and Procurement. Post this I did my MBA from IIT and currently working as Process Excellence Consultant. I am looking for a Consultant role in Strategy & Ops in a consulting firm. Can someone help me in this?

More Posts

Tips on renting a car in London? Will be staying in the Mayfair area.

like

When schools ask for your employer and their basic information, do you put the details of the office you’re located? So if I work in our LA office I’ll put Los Angeles and the number of our local practice?

like

Know of any art space /office rentals? Need a small private space where I can fit a desk and have a bit of room to paint. Ideally somewhere around upper east side and under $800. Thanks!

like

This bowl needs some SALT! Too quiet in here. What’s everyone’s subspecialty (indirect, income franchise, AUP, etc.)? I’m income franchise and some C&I on the side

like

About to start a new job..former company asked me to stay on longer than anticipated and I already have a start date with the new company. Company one (my current) has a policy in place that I must dedicate all of my time to them on business hours. Thought I may get away with doing both 😂 can i negotiate a contract role? Note each position is on a different time zone. Don’t really care to stay at my current company any longer…but some things I should follow through on before leaving. 😩😩😩

like

So what do you guys do at happy hours to make them more interesting? What do you drink? I find them boring because it’s not networking with new people and I’m sick of water or sprite.

like

Hi! Just moved to Streeterville with a newborn. Looking for recos on daycare and/or nanny for him starting after 6 months(around Feb - Mar). Any suggestions would be appreciated!

Thoughts on engagement ring with this style?

Post Photo
like

Ladies, what was it like to fall in love the 2nd time?

Fjord or Deloitte Digital? Which is better/most prestigious

Does anyone getting similar mail daily :Know Your IBM January'22 - Register Now ?

18 years later, it’s still not getting any easier for me.

like

I’ve been thinking about getting into sales for a while now and Repvue keeps coming up. Is that a good platform to look for entry level positions? Also if I have zero sales experience but 3 years of tech experience, is that worth anything? I really just want someone to give me the rundown of what to expect lol

like

I’m looking for advice! I’m currently trying to move out of the non-profit sector into the for-profit world, and I’m struggling to articulate everything I’ve done in my roles. I started as the Communications and Marketing Manager, then got promoted to a Manager position, but the title revolves around working with volunteers. However, I still oversaw a social media contractor and continued to maintain our social media, and am about to take everything back again. How can I make myself marketable?

like

Hi everyone! Looking to get some feedback into optimus SBR. I recieved an offer for 85k as an associate consultant. My current salary is 60k at a bank - fully remote. Can anyone speak on their culture and worklife balance? Ive been told by recruitment that it is min 3 days in office. Im reading some mix reviews here and really conflicted if i should make the move over as i do love where im working right now (but of course would love to switch to a higher paying role) any comments are helpful :)

like

Anyone needs refferal in Infosys? Contact me.

like

Yesterday, I submitted an application for a position with Lewis Brisbois. Just received an email from a partner wanting "a 5 minute chat over the phone." Wth is this? Should I take this seriously? Is this a prelim interview? Any advice would be greatly appreciated.

like

Additional Posts in Consulting

Gave up marijuana and don't drink --- what to do to de-stress? Wife didn't like MJ and she is more important hence the gap in life. Thoughts? Video games just takes too much time. Open to ideas!!

like

🐠 from other firms: we have a debate going on in the PwC bowl: at your firms, is PTO counted as utilized time?

likefunny

Ugh… so many stocks I want to buy on sale, and not enough cash to buy them!! I hate being poor.

like

Sitting with a college friend who is in KPMG and just bragged that she is enrolled in a pension plan sponsored by KPMG and it is separate than 401K . I doubt this . Can anyone from KPMG confirm?

like

I just got into Harvard, should I start learning Gordon Wood so I can regurgitate it and seem wicked smart at bars?

like

Any good book recommendations?

like

I’m scared of the concept of mortgage. What if I’m laid off one day (due to unplanned reason) or I simply hate my job and wanna take 6 months off? Can I just invest in stocks ?

like

What's the best consulting firms for H1B folks who have studied masters in STEM here? Got a cousin graduating this fall and he needs to know H1B/GC policies.

like

Does LinkedIn sponsor business school?

like

DC is a nightmare flight destination tonight folks.

like

Starting to get more involved in the project sales process - any recommendations for books or resources to develop skills in this area?

like

Best spg property in chicago?

like

I’m young and in the process of switching firms. I have a vested pension close to $20k. The retirement payout doesn’t interest me. Is it advisable to take the cash (w/ penalty) or roll it into my IRA?

like

Currently $160k M3 in Healthcare, have opp. in consumer goods (former industry I used to work in) for $200k and 20% but not sure jumping prior to promotion makes sense. Would SM pay be equiv?

like

Deloitte folks: I’m a new hire, just need your opinion on 401k. How much should I be put aside given form only contribute half of what you put in first year? What did you guys do when you first joined

like

If you're looking for a new firm check out k. People are nice and don't take themselves too seriously. Hours are reasonable most of the time. Laugh a lot

like

Who else woke up hungover this morning? 🙋🏻‍♂️

like

How do I write cover letters quickly?

like

Pre-flight checklist on Every Airline Ever:
- full fuel tank
- taxiway clear
- luggage hold door closed/secured
- balding man in his 50s with sinus problem asleep with wide open mouth, seated near me

likefunny

I am a senior with 40% utilization.AMA

likefunny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal