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If you are paying for the MBA: What will change in your career after the MBA. Will your employer pay you more? Are you trying to pivot to a different industry? If it were me I would want a reasonable expectation that I would be making more money than I am spending within 5 years
If you aren’t paying for the MBA: talk to people who have done the program to make sure you understand the time commitments. Make sure you can meet the demands on top of work and personal commitments. Working full time and going to school part time is hard work
I’m sorry but didn’t you do this analysis and know if it’s worth it before you put the effort and time to apply? To answer your question though, only you can determine if it will be worth it or not since what you get from it depends on what you put into it and what you make of it. Good luck!
Mck1 - notice how frequent this type of answer comes up whenever anyone asks a question on FB. Unsure if it’s entitlement complex in consulting or the culture of offloading problems to someone else, lol.
I did one and found it helpful, with a positive ROI. But think what you want to get out of it. The value prop is the brand, the network, and the education- in that order. If you’re looking to pivot, it could be a good move. If you think you’ll be eligible for the standard post-MBA recruiting, check with the school first - this was NOT the case at my school and we were specifically excluded. Most people I went with are happy they did it, but it really depends on your own personal “why”.
^^^ This is important, if you want to get into a specific firm, the traditional FT MBA -> Intern -> offer route is the way to go.
Part time is looked down upon in most schools. It’s for folks who aren’t good enough to get into FT
Can’t tell if this is rage bait, but just straight up false lol.
FT students tends to be: younger, less experienced, earlier in their careers. More of an exploration mindset about the next step in their careers (though many have tangible goals too). Most importantly their opportunity cost is way lower on average.
PT / EMBA students tend to: have higher opportunity costs, have more experience and usually need the MBA for a tangible outcome (promotion, career switch, etc).
If they looked down upon me at my M7, they certainly mask it well because I get asked frequently for job referrals, help getting hired at my firm (or even my team), or advice on switching from consulting.
Not sure I completely agree - I went to Northwestern FT program, and our PT program had and still have MBBs and FAANGs coming for campus and PT folks are allowed to sit in those. Again when you say looked down upon in ‘most schools’ - you might have some other perspective.
Hey OP - I’m doing an M7 EMBA, but my profile is more similar to a PT MBA student (age, seniority). In terms of substance, all three formats are the same aside from flexibility on courses (EMBAs have less “electives” than FT).
I chose the EMBA solely because of the format worked for my schedule, and took some classes with PT students. Many people switch careers while they’re in their programs or get a promotion. Outcomes really vary based on circumstance. I have classmates that are senior partners at hedge funds and VCs, others that are starting PE funds, others looking to pivot their careers. Some are even creating startups together. About a year in I’m beginning to see this formulate but it’s really context dependent.
I suggest reaching out to current students because it’s a huge financial commitment and requires a significant amount of your time outside work. If you have a family, I suggest intentionally preparing your schedule.
There’s not enough to go on here to give you meaningful insight. From experience, I did one and found myself switching from consulting to corporate strategy. Considering my type of consulting didn’t lend itself to an exit like this and I’m making 50% more than I was before the switch, I’d argue yes. But your mileage my vary quite a bit
Very good arguments here and if you allow me (assuming you do) here are my two cents. All depends at what point in your career you are at and reason for doing an MBA. PT is still better than most EMBAs, but again all depends what you will achieve after doing MBA that you can’t now. For me the reason was to switch to Management Consulting after doing FT which I did. It comes with a good price point, unless you are sponsored. Good luck either way.
I went to M7 part time and then went to Bain after. Was great for my career.
Depending on the overall environment, recruiting can be hard from Part time (e.g., there were years where Bain did not recruit at all from Part Time).
Depends on your goals. I think it served me well.