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"You should definitely consider the part-time MBA -- Booth and Kellogg have two of the top-ranked PT MBA programs in the country (the others are Haas, UCLA, and NYU). When you graduate, you get a top MBA on your resume -- it never says "part-time," so employers never know.
A number of years ago, I actually helped a professor teach a class in Haas's part-time MBA program. The class was terrific-- the students are older, more experienced, and (in my opinion) more interesting. A lot of the projects were team-based, so they really got to know each other -- especially those who did the weekend program.
There are advantages to doing your MBA on a part-time basis: you don't have to quit your day job, you can immediately implement your learnings at work, and you learn from more experienced students.
If you are serious about this, you should ask Booth and Kellogg if you can "Zoom" into some of their part-time MBA classes."
If your total comp is 230k and you don’t think a full time MBA would have a ROI than a part time MBA surely wouldn’t either. People miss the fact that a full time MBA is geared for late 20s and early 30s. A two year break from work to network and party with elites.
The “overall alumni” network benefit is weak. Sure you can cold message folks on LinkedIn and say you went to the same school but so what? Some may bite. You’ll probably have better luck having met someone in a coffee shop or on the street. The network is from your 2 years full time cohort who’s willing to go to bat for you.
OP congrats on the comp boost! If your heart is set on getting an MBA, go for it. You’re not getting any younger. Agree with you that your opportunity costs are huge, and that your immediate ROI might not be discernible. That said, the benefits of an MBA are more than just right after you graduate, and only you and the path you choose to continue on will determine the true ROI some years down the road. Best of luck!
Agreed completely. It's hard to forecast how the relationships you make will come through for you but I would agree that if you go to a good FT program dvd make a sincere effort to develop real relationships, they will likely pay off.
However between wanting to buy a house, get married, have kids, and not miss out on 2 years of income and experience in tech (which is my target industry anyways), FT is almost out of the question for me now. Looking purely at ROI and my career, it could still be worth it at the right program, but it would have to be PT for me now!