Related Posts
Hey everyone, I got a call from Deloitte recruiting on Wednesday of last week discussing salary requirements and location. They told me that the team really liked me and that they were going to work on an offer. I got a call on Friday saying one group has approved the offer but they are waiting on others. I haven’t heard much since then. Should I be worried? How much longer will I have to wait?
Any reapplicants here got HBS interview?
Visual Storyteller
More Posts
People waiting for weekend.😀
Additional Posts in MBA Applicants
When do GSB calls usually come?
Is a 529 account worth it for MBA?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Varies by person. Network most common reason. Career pivot also common reason. Comp matters to some but not all. At the end of the day, it should be an enabler to live the life you want to live. I for example took a 50% pay cut coming out of MBA because I wanted to re-align more towards entrepreneurship. 100% could have done this without the MBA, but separating myself from the comfort of a job (and income) and throwing myself into a situation where I could make my own helped get me over the hump. (Frankly, if you are just thinking about pay bands… hope you can find some greater inspiration for your career!)
Not just MBB…Big Tech, IB, Big 4 pay at or above that median. Plus corporate leadership dev programs (LDPs) pay close to that median.
Yeah like Deloitte typically is 40k-50k base higher
Coach
Compare median 5-10 year trajectory of someone post MBA at MBB/T2, PE, IB, Tech compared to someone without. They're all probably in the 500-800 range TC.
It's significant. If you can do the same without a top MBA then don't do one. Some people can, most people probably not.
10 years out of MBA and still at mckinsey will 100% be over $1,000,000. But… only like 5% of people who joined after MBA actually stick around that long, if even that. It’s a slog to get there. And you very well may find substantially more fulfilling and interesting work elsewhere. Hardly any money in the world could get me to go back to mckinsey (I’m an alum). Yes, hyperbole but you get the point…
If you have a good job pre MBA, you won’t be able to make the maths work by trying to directly calculate ROI.
It’s a bet that through the MBA, down the line, you will make better choices, and maybe get better opportunities (both through promotions and external opportunities either applying normally or through your new network)
Or maybe put differently, the “counterfactual” that you stay in your job and keep getting promoted might not be right. Maybe you get fired, maybe you burn out and want to quit, maybe you hit a promotion ceiling. If any of those things happen, you’re probably better off having done the MBA.
But it’s not always the right choice for everyone. So many variables
For a direct career progression standpoint it probably doesn’t make sense in the short term. I will be a level above the post-mba position at my firm when I matriculate, but I view it as buying 2 years back of my (relative) youth. I did not attend a top undergrad either, so having the credential also satisfies some small personal insecurity. Neither of these can be quantified in $$$, but to me are worth the investment.