MBA question: currently a second year consultant at OW post undergrad. Parents forcing me to get an MBA (which they will pay for). Do you guys think it changes to equation in terms of its value Cont'.

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

“My parents are forcing me to go”

Wtf? Is this for real? I thought you said you’re a second year at OW, not 12 years old

likefunny

Plenty of ppl are living in high COL making significantly less than an OW consultant, you’ll survive.....

like

Pretty sure they are making you go to MBA to find a wife/husband. Source - have Asian parents

likefunny

Thanks! That's something I didn't consider and honestly finding a partner during MBA does help justify it haha

like

If you don’t want to go, don’t go. Shouldn’t be that difficult.

You don’t need us to tell you why you shouldn’t go. You need to tell your parents

like

The things you’re asking make it clear you don’t see the value in it. Totally a fair position to take, but you need to put on some big boy pants

like

Wouldn’t the life time earning potential of a free MBA offset some of your proposed losses?

like

But exactly how would the earning potential change with an MBA? Am I more likely to get high(er) paying jobs after b-school that is not open to me right now (not interested in high finance btw)? Or for the same position companies would pay more if I have an MBA on my resume?

like

I did my MBA part time to get best of both worlds.. no regrets!

like

MBA will put a pause on your comp progression at OW. But if you return, OW would pay you (or your parents?) back for most of the tuition.

Having an MBA won’t rocket you through the ranks at a top consulting firm if you’re in the door already. Nothing beats learning on the job and becoming trusted by more and more people.

If you stayed (or came back) to OW and make a real career out of it, you’d need to blow up your retirement spreadsheet. You wouldn’t need one.

Banking money in your mid 20s to shorten your path to financial freedom is a good strategy. But people with choices like “stay at OW” vs. “get a tier 1 MBA and see what happens” don’t need retirement calculators.

like

Part time MBA would be completely worthless coming from OW (and you wouldn’t have time for it anyway). At OW you at least come back one level above what you left as. Still, you have to decide if it’s worth it.

likehelpful

DM me.

funny

Given that I don't have to go into debt at all? Some things I'm considering:
1. Forgone income, which would probably be 350k-400k by the time I actually get one
2. Saving for retirement would stall as I wouldn't be able to contribute to my 401k for 2 prime years in my late 20s, which could be worth hundreds of thousands by the time I retire thanks to compounding

funny

Pros: expanded network, one more notch in the meritocracy scale, improved lifetime earnings. zero debt. Diversified skill set.

like

You can’t put a price tag on regaining your mental health. After 4 years of burnout hours in could be the perfect sanity retreat, surrounded by hundreds of equally talented peers who will fan out across the business world. If you’re think of it in pure dollars and cents you’re doing yourself a grave disservice

helpful

Faster

Lol never been on the receiving end before

funnylike

You make $200K/year already? I want to die. Seriously though, the MBA will bump earnings and get you a network of it’s a top program.

You should be able to complete an MBA in 2 years or less, or attend part-time. Just marry rich and become less worried about retirement. 💍 💰

Why don’t you just take your time with a part time MBA program? One class per session for a few years, and this internal conflict you’re having won’t exist. Do you really want to spend 2 years in B school thinking in the back of your mind “is this worth it”?

Related Posts

Just curious. What were your reasons for doing an mba? Do you really think it helped/ is helping?

like
like

What’s up my consulting fishes!! Manager at Accenture, and really enjoy the HC, Org Analytics, CM, Org Design side of things.

I’d like to continue building my skillset here and venture into product development to facilitate strat consulting for the areas above (sorry for the buzzwords).

In this case, is an MBA required to succeed or progress to the MD, partner, C Suite level? Or should I grind my way through the industry given my interests are so pointed?

Would love a convo and/or guidance.

like

Hello fishes,

Hope y'all are doing great!
Seeking advice from PMs here on tools to learn or upskilling to be done in order to transition to entry level APM roles.
Background: Computers science engineering, MBA (Marketing)

Thank you!

like

Hi all! I’m inclined on taking up the CIPM training and certification exam. I’m already a certified Data Protection Officer in the Philippines. I intend on skipping CIPP as it applies to the US and EU.

How difficult was the exam? Can you share your experience studying for the CIPM exam? Is it advisable to skip CIPP?

Many thanks in advance.

like

What does your process look like for evaluating a potential MBA program? Other than employment reports?

like

Anyone looking to complete AWS certifications? I have an exam voucher for AWS Certified Cloud Practitioner, the exam voucher is valid till December 2022. I'm selling it for less price than original, let me know if you are interested

Does anyone knows companies that are hiring for entry level cybersecurity roles? I am currently a Software Engineer who works in API development and have experience in Java, Python and SQL. I am looking to enter the cybersecurity industry. I am also preparing for my SSCP certification and I have basic level cybersecurity knowledge mainly in cryptography and IAM.

like

Many Officers coming out of the military have an expectation (especially academy grads) of making $120k+ first year out... would you say this is unrealistic?

like

Hi, we're searching for a job in HR for my wife. She's an MBA from India and has 10 years of work experiences across various HR roles in FMCG and Tech. Her last role was a HR BP and India site lead for a US based semiconductor major.
Is CIPD necessary to get a comparable role in the UK? While we undersrand it's a new market, would she necessarily need to start from a basic role again? It's difficult to balance studies, work and manage a 2 y.o. Any pointers or job openings would be appreciated.

like

Hi All! I currently work in Selling Partner Support team with (B.com Educational background). I have completed DevOps course from Edureka and also got certified as Cloud Practitioner and now preparing for Solutions Architect associate certification. Will I be given a chance to work as Cloud support Associate in Amazon Web Services? Kindly requesting to please provide your suggestions.

like

Currently making 160-180 in tech sales (5yoe) in Chicago, graduating in June from M7 MBA (evening and weekend program last 2 years). What is lowest $ I should accept when I jump firms?

like

Tata Consultancy Infosys IBM

Hi Folks,
My wife has 5 years of experience in Banking Industry now she want to switch her career in IT, she has worked as coding instructor for html/css/js/react native, she has React certification as well. Now she is ready to take interviews.

Now how to convey this to recruiters and are they ok to take interview for frontend developer, how much experience can be considered and what salary can be expected?

like

What’s the total comp range at big banks (Canada) post Canadian mba? Does the pay scale jump significantly between senior consultant/senior manager>director>senior director?

like

I’m looking to get into PM roles. Any advice on where to start? Certification recommendations etc? Anything helps! Thanks in advance 😊

like

Just started a new project with a bank client. Got my client laptop. Opened the web tool they use to change your password across all systems. The https site, wait for it, did not have a SSL cert installed. I get that it's an internal site that requires VPN connectivity, but no cert? Not even a self-signed cert? Really?

likefunny

I’m a business analyst for a large scale custom system for a client. My goal is to pivot to being a Product Manager in industry. Would a scrum master certification help my resume or should I do an AWS one? Already have other agile certifications

like

I am a Senior Technical Advisor who has been working in the oil field since 2013. I have a bachelor’s in Electronics Engineering Technology and would like to transition into Tech with a good starting salary; preferably at least $150,000. I’m leaning towards getting my PMP and searching for a project management position. I’d like some suggestions for going this route or any other positions that may be a good fit for me based on my resume. Any experienced input would be greatly appreciated!

Post Photo
likesmart

Are MBA investment banking internship salaries negotiable?

likefunny

More Posts

Hello All
I am 28ish
BE Computer 2016 graduate
33 months work experience in start up
MBA from one of the premier institute 2021 graduate
Due to COVID the package I got was around 15LPA

I am planning to switch job
And I am wondering what should be my ask?
I know my peers are earning well and for someone with my profile something around atleast 22 to 24 LPA can be my ask.

It is my first job switch
So I really need some suggestions
Thank you

like

My h1 transfer in progress for an offer but I got another yesterday which is the better offer. Can I get two h1 transfer at a same time? Did anyone face this situation?

like

Was earning too low (as compared to peers) now at par. NEED MOTIVATION.

Need to listen to stories of people who were far behind in their career journey as compared to their peers but now have been
able earn at par..

like

Damn I have availability for the rest of the week but I’m crying at the thought of reaching out. I just wanna study for the CPA without any “what are you working on” pings. I know I know I’m terrible.

like

Will Lash Extensions Ruin Your Real Lashes?

like

Upgraded to first class! Makes going back to traveling after 2 weeks that's much easier.

like

Help the baby executives please! For the seasoned executives - Thinking back to your first executive role - what were the biggest mistakes you made and how did you recover?

Post Photo
likesmart

I got offer letter from Accenture but I did not get unique id to authenticate it. Where can I get it.

like

What safety nets are in place to prevent economic collapse in the event we experience a natural disaster that wiped governmental servers that stored things like property records, medical records, arrest data and other important info? Would we all defer back to paper? What if I misplaced my deed? Is someone gonna march me out of my house because someone else claimed ownership?

like

Guess the veggie

Post Photo
like

I am 5 years experienced and I have two offers from cognizant for 12LPA and capgemini for 11LPA. I am not sure which one I should go for. Please suggest me

like

Hi All ,
I am doing my final year MBA(HR) and I am having 4.5 YOE in IT.
Can someone help me out to switch from IT to HR?

like

I am a fp&a manager at Dufry Group making 120k P.a. is it good enough for this position? Or should I look for better opportunities?

like

Hey everyone, I just needed some real advice, I’m 27, I’m what you would consider a loner, have very few friends (I have aspergers), life seems really bleak rn, I need advice on how to make lonely feelings going away, because I’m starting to have really scary thoughts consistent every day and am losing hope. Any advice would make my week.

like

What are some good product based companies to work as Data Engineer?
Good in terms of learning, interesting work and good work culture.

like

Hello fellow/ex Amazonians
I have an internal transfer offer for Sys dev 2 role from 2 teams in Amazon :
1. AWS active directory team : complete alien for me, mostly on Active directory and python
2. Digital platform : Java, design opportunities and project opportunities

Both are giving more or less the same compensation. I want to know where is the growth better. Please help me select one

like

Going to Austin for graduation. Should I stay at the W or JW Marriott with points? They’re both category 6, but does one stand out more than the other?

like

Hi Guys,
Can anyone work at
Capco share me some salary package for 8 Yoe Java Developer in Capco. I have hr discussion tomorrow I just want to know the package limit they can offer so that i can negotiate on the same.Capco

like

Hiya!

I'm looking at applying to MBB (Preferably BCG) for a summer internship this summer. I'm a first-gen Oxbridge student, and while I have little experience in consulting along the lines of MBB, I did work in the city last summer as an sustainability consultant.

I'm curious how important it is to have a referral etc and what you'd recommend for applications opening in jan. Any advice is super appreciated I don't have any connections to the industry but it's something im interested in. 

like

Hey Recruiters, stop trying to connect with me on LinkedIn when I don’t know you - no you can’t have access to my contact. When you do send me message, maybe do a little home work. And when you do work with a candidate, update them regularly - it’s not that hard.

Additional Posts in Consulting

What do you guys think of Netflix adding ads in exchange for a cheaper monthly price?

like

Has anyone gotten their covid booster that’s not in one of the high risk groups? I’m starting to hear of a few people here and there who have or have it scheduled and just wondering if this is becoming common.

like

Any thoughts on dollar shave club? Do you use it? Worth it?

like

Army vet here. Have had a 12 year professional career post Infantry NCO. Now I’m considering pursuing a direct commission to reserve civil affairs. Two questions. Is this crazy/stupid? If not, any ideas on how to make it happen beyond traditional recruiting routes?

like

See a lot of discussion right now about wnba not making livable wage. What’s considered a livable wage? I would love to play basketball for a summer + a or two extra for over 100k.

Post Photo
likefunny

What are acceptable ride/taxi services including personal cab services like Blacklane for associate? Does the rate apply from your home office to the airport or I can expense from my actual house?

like

Manager Tech Consulting at Big 4 or Program Manager at NVIDIA ? Currently a SC at Deloitte working in the ERP space. Which one has more growth potential in general? (Both paying around the same)

like

How does splitting bonuses with a refer-ee work? I see that on here a bunch but how does that work logistically with taxes and income reporting and etc?

like

What is the Green card process at various Big 4 or MBB firms?

like

Any recommendations on a good office chair below $500?

like

No more FAANG, it’s now MAAMA! wild
(Meta, Amazon, alphabet, Microsoft, apple)

likefunnysmart

Stuck in advisory, craving for strategy... It can't go on forever like this :(

like

One of my lead partners is super nice to in front of others but then really mean to me when we meet 1x1. How to deal with this?

like

I just started a new job. I left my previous job because the environment wasn’t healthy and almost all of my colleagues left. The team at my new job is nice but the nature of the work doesn’t align with my interests/is not as unexpected and I’m struggling to stay motivated. I realize I made a poor decision. How bad would it be to quit after only 2-4 weeks? Or, instead of quitting should I ask if I can move internally?

like

Is MBA from a top 10 B school the only way to get into MBB.. any tips on how people made lateral move from big 4 to MBB

like

Really struggled with condensing all my interview details over a week into a simple slide deck today. I had only focused on the facts and barely mentioned the so what unless asked. New to consulting and need to improve on written communication. How did y’all improve? Read any books, courses?

like

How risky would it be if you were “wfh” but were actually overseas with your family and just working your home office hours right now?

like

Former McKinsey executive imprisoned and beaten by Saudis, according to people familiar with the matter

like

Can you get fired from underperforming on first engagement? Been on the project (very understaffed) for 3 months and although I don’t think I’m doing poorly, the thought just crossed my mind.

like

Interested in Boston Consulting Group Philadelphia office. Would anyone be interested in answering some questions? 2 YOE, previous tech consultant and now manager at F50.

like

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