Unpopular opinion: outside of breaking into banking and consulting an MBA is not necessary at all for other careers paths. There are now many other ways to break into careers that don’t involve spending 200k and taking 2 years off working.

Any thoughts on the value of the mba aside from breaking into those two fields?

likeupliftinghelpful
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No one makes u get one

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I understand, just trying to understand why so many people choose to get one

Network, 2 years off work to f around

likefunny

Ooooooh yeah. That’s the best part.

And don’t forget meeting your lifetime partner. It’s insane how many couples are created. Even formally married ones. MBA stands for Married But Available after all!

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Degrees often have value in themselves, MBA likely only useless if you evaluate your life only in terms of P&L

likefunny

F around for 2 years and make an incredible network. Plus still land a good job.

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I’m in my 30s and did a part-time program at a top 20 school, I’m 1/2 way done and have found it to be extremely valuable for networking, building my confidence, career pivot/up-leveling resources via the career center, and also have had a ton of fun.

Love not giving up my six-figure salary. It has definitely changed my external perception to peers at work as well, in a positive way.

That being said I am in a very social and networking focused school/program, that includes all the curriculum and features of a FT program including weekend trips, international trip, and clubs. Not all PT programs are designed that way.

Wouldn’t change a thing about my decision if I could go back in time, I do think it’s important to choose a school and program that is 100% aligned with an individual’s goals. That takes a level of research and self-awareness to nail that.

likesmart

I’m at USC Marshall. I also went to a small liberal arts college in the Northeast for undergrad, so going to a larger school with a big name brand and national/international network has been a welcome addition to my resume!

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You forgot Private Equity and Venture Capital.

Those two fields are even more difficult to get in than consulting and Banking. The approximate ratio of MBB:PE roles would be around 10:1

I’m applying for an MBA to take a 2 year break from my career to hang out with new people, and also to relocate.

like

I’m convinced that it’s the dumbest grad degree. I don’t get why consulting firms are obsessed with it.

likefunny

It’s because of the rigor of the entry requirements. Basically, they can have a pretty strong likelihood of hiring a very smart and highly motivated individual.

like

Even banking is doable if coming from accounting/transaction advisory background. Seen many do it.

I also feel like if I wasn’t already married I’d be down to do MBA but once married, it gets harder to want to step away from income for 2 years when you are trying to travel and get into house.

like

Helped prepare me to kick ass in the c suite. Which covers 200k many times over - I had a company sponsor anyways so was free too.

Many ways to play the game besides quit job and disappear for 2 years to find yourself.

like

Usually less prestigious but if it gets you to where you need to go and you learn the right stuff who cares.

I think PT is usually more geared toward the professional that’s working and the FT MBA is for someone who wants lots of career fair resources to make pivot. You’ll have to network harder PT but can make it work.

You forget people who attend on scholarship and/or free. It’s also a luxury sometimes to pursue not for profit or low paying careers aka family money.

like

This is an incredibly popular opinion.

like

I don’t think this opinion is unpopular

like

Wasn’t a bad idea for me. Wanted to get into mgmt and it helped me climb the latter but I would’ve been way better off with masters in statistics

That could be true for some career paths, but it offers a chance for others to adjust into better paying fields. It also offers a much more direct and likely opportunity to reaching certain financial milestones than many other career paths.

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