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Bain & Company For those that work in Strategy/Management consulting:
1. How long does it usually take for you to do an expense report?
2. How many reports (for each travel period) do you usually do per month?
3. Do you use Corp card or Personal card?
4. Which firm do you work at?
Deloitte Accenture EY PwC McKinsey & Company Bain & Company Boston Consulting Group Oliver Wyman AlixPartners L.E.K. Consulting
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Rising Star
I attended a T100 MBA program when pivoting out of the military. Because I had a worthless undergrad and only military experience, it made sense for me. What I noticed is that almost everyone in the full-time program were straight from undergrad, and companies looked to hire folks from my program in at entry (or near entry) level. I’d say that consulting is a better exit into product management than an MBA would be. But, if you want a break and have the money to float your time, go for it
I went to a T60. 2.5x TC in first year post MBA. Now at 3.5x pre MBA TC. I’d say it was worth it. Plus I’ve been able to interview at all FAANG/MAANG, all Big4, BCG and Boutiques. MBA definitely opened up a lot of doors.
Rising Star
US examples in the global 50-60 range are Georgia Tech, Notre Dame. 90-100 examples are Miami and Texas A&M.
So T60 to T100 can be a pretty big difference if it's US based. Success isn't impossible, but your anecdote becomes much harder.
Nope. Opportunity cost is too high- I am biased but would only do a t10 program
What’s your end goal after the MBA?
So a couple things to consider IMO:
1. I know Deloitte has PM roles and would assume Slalom has similar opportunities that you could leverage before jumping to a new company
2. Check out the schools you’re looking at to see if they have grads getting positions for PM roles at your target companies (in not T10 or bust like some others)
3. Idk your background but not sure that an MBA is really required to make that transition-unless you have spare cash and a strong desire, I’d reconsider -generally speaking I think folks should ably get an MBA if it’s needed to transition to a new career
Rising Star
Nope. Not worth losing the 1-2 years of income
Rising Star
The only way I would recommend this would be if you were trying to pivot out of accounting, or audit. Both are low paying and sticky careers and are hard to rebrand yourself.
Pro
T15 or bust
What’s your current TC? If you can reasonably expect to double it, I’d say it’s still worth it. Plus you’re really young, you have time
Everyone’s appetite for risk is different but imagine with a couple of more years of work ex and another pass at GMAT ( assuming your score is <720) will get you into. T10 school with some scholarship. For better or worse your academic credentials stick with you for life and helps create impression. Most people are able to pay off their B school loans in 5-6 years
A top 100 MBA won't help you get to where you want to go in your career. It's basically just a certification. Just wait a year or two and apply to top 10 programs.
M7 yes. If not, no
Not all MBAs are created equal.
If your goal is product manager, find a school that has high placement rate in those types of roles at the types of companies you would like.
Separately, if you already have 3 yoe in consulting, you already have a decent shot at going direct into that type of role.
Go look at the achool's employment report to see how many people from that school become product managers. And at which firm.
It is hard enough to get into faang PM at/froma top 15 program. Things really fall off after rank 15-20, and again after 30. If you're at top 100, you're probably wasting your time unless you just want a random job locally that pays 90k/yr that frankly won't be PM.
Acn1, like before, do you consider you and your peers outliers, or average on a national scale for ppl with no-name uni degrees?
Yes
Promotions are often 30% to your next level.
MBA can raise the glass ceiling at least 1 level, if not more.
And ten or twenty years from now, if you haven't moved up to a very senior level, you might feel younger people on your heel. Aging out is a thing.
And also, the economy overall keeps getting more and more competitive. Compare current state to twenty years ago, then forty, then sixty.
People used to have legit careers with high school. Then bachelor's became minimum. So who knows, ten years from now a masters degree may be table stakes.
People love to parrot "opportunity cost" without actually measuring it. Do your own calculations. What is actual take home of your current $200k x2 years. When you come back, you should start earning more right away. That "more" is all investment gravy if you can control your lifestyle inflation.
So if you come back and earn $250k instead of $200k right away, that $50k minus taxes that you invest catches you up quicker than what some of those parrots calculate.
Then your higher glass ceiling and faster promotion will keep snow balling.
Op, this is only true if the MBA unlocks higher earnings. I’m not convinced that a t100 would versus your already very good job
When you say top 100 globally, where is this school located? Is that the area you want to land in (sometimes a lower ranked school with an amazing specialty and strong local network like Washington for tech in Seattle or Michigan State for Supply Chain in Detroit is completely worth it). If your goal is to become a Product Manager you should also talk with recent grads of the program who got hired as Product Managers to see what their experience was.
Rising Star
This is the key question, 3rd best school in France is probably barely top 100 but would lead to a pretty solid job in France. 40th best school in US is probably also top 100, but won't land you a great job outside of the region it's in.
I would do it part time/evening. That’s what I did. Didn’t lose income or experience that way.
This is the best way, I agree.
I did a T50 MBA program and it was totally worth it. I’d recommend highly weighting how much money the school will give you - at least, that’s what I did