I've been thinking about getting an MBA, but don't really see the financial return. Paying $120k+ for two years and not working. If you got an MBA, did you see the value in salary or other benefits?

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Went to Columbia. Enjoyed it so much, didn't even bother to network but made great friends. Switched form consulting to banking = good salary bump & paid MBA debt in 3 years. It's the best decision I ever made. Not everything's about money.

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@IBAssociate1 isn’t it super competitive to break into banking because alot of CBS MBA want to move into banking? What was the placement rate in IBD among your class?

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Most Banks also how more people from traditional finance schools such as Wharton, Booth, CBS, etc so you could argue the other end as well that every single back would recruit there compared to 80% recruiting at looked of NYU, Duke, Kellogg, etc...

Having said this, OP, it depends on what your currently doing and what you want to do after.. if you're looking to get into a corporate role, it's tough to justify the explicit and implicit cost of an MBA unless you're doing banking/consulting/PE, etc roles

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@HSBC1 - Placement rate was high. But it is not as competitive as it's for consulting. Practically half the class signed up for the consulting club and interviewed. Banking is not cool anymore :)

@IBAssociate1 yes I heard management consulting and tech firms are the most desired places at top mba programs these days. Yet banking pays the most hence best short term ROI right? Is Columbia generous with grants and scholarships? How much debt did you accumulate if you don’t mind?

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