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I think do some soul searching and come up with your desired end result. An MBA, especially a target MBA, can be a great way to pivot your career or break into strategy consulting if you’re in another org now. But it’s a big investment and ideally you’d do it full time, so forgoing 2 years of income and taking on possible debt needs to be for a specific purpose that has guaranteed ROI. Just my 2 cents
I can only provide limited insight, but IMO if you’re planning on pivoting to pretty much *ANY* white collar line of work, an MBA can be extremely helpful. Not only will it add value to you as a job candidate, it can also give added perspective to your role and your organization’s operations with respect to the business at large. Similarly, vertical mobility should be more likely with this perspective — which will be only strengthened as you grow professionally.
Of course, all of this is possible without an MBA, but IMO much easier with the structured learning (and the legitimacy of the degree). End of the day it’s up to you, good luck!
Agree. Unless you’re getting out of the professional business world altogether, getting an MBA will most likely benefit you. But like others have said, don’t get one just to get one. Maybe pursue a masters in a more specific discipline that aligns with your goals or aspirations after some more time thinking. Can’t really go wrong with getting a higher edu degree so long as you calculate your trajectory and use it intelligently
Identify your values and how / if an MBA helps you get there. Talk to people who have gotten an MBA to gather data.
From what I’ve heard from seniors who have done it - it’s super important to get the timing right to maximize return. At least few years of work experience was usually recommended especially given the cost.
Yes this is true too, I think 3 YOE before MBA is roughly what they look for.
I would gain a few years of actual experience first and… while at it… see how life treats you. The most successful people I know in and out of the firm went the certification route and built their personal brand. All BSBAs. Personally, my own pay feels adequate and I don’t feel the need to invest time in a degree right now. Forcing yourself to do it, while admirable, may decrease your quality of life in the short term. A good youth is more valuable to me than a cushier than necessary retirement.
Most of the pre-mba consultants typically use their first year of MBA to get into IB and devote most of their time on it. They also simultaneously apply for consulting firms as a back up. I heard some people saying it might be their last chance to break into IB but they can go in consulting anytime. I don't know if this is true for all schools but at my school, if you don't land an internship in banking you probably won't have a chance to get a full offer in IB. In that case, those pre-mba consultants go all into consulting or other fields. I think in general, consulting firms have a preference for people with consulting experience. This year was pretty rough for consulting internships and many people chosen for MBB had consulting experience. If you have time, why not do MBA?