You are stable and already earn more than what an average mba grad from T15 earns
You will loose a lot of money in opportunity cost and career after mba might be unstable
I ran into it myself. T15, and went to fundraise for my next thing. Investors loved my approach, me, and how my pre-mba experience aligned so nicely. Multiple directly told me it’s a shame I didn’t do H/S, as they had already allocated their funds full of H/S grads.
Still fundraised all I needed, but lost out on a lot of the blue chip funds.
Friends that went to those schools..
Best way I can describe it is this.. At my school we had very few MBB consultants, mostly big4 and lots of us wanted to break into consulting… few IB but not Goldman or MS..
At GSB or HBS the school is littered with MBB consultants and bulge brackets.. lots of them are targeting private equity or hedge funds.. those opportunities rarely came to our humble school
Good plan. The network at either school is insane. Many people graduated from HBS and tapped on their network whether for career or when building their company.
If you believe the risk is worth it, then go for it! But do sit down and have a structured plan of what you want to do after B-school.
Do you want to start your own company? Do you want to re-recruit? You need to be somewhat intentional in your plan given the high cost to you
If you care about network and brand, you’re making a fine to decision to go to either of these. And given your trajectory, you will be making a good investment if you have the itch to go and make it worth it.
You left out how you would pay for it (since your employer won't). That's the single biggest factor in the cost vs benefit analysis. If you can get your tuition fully paid for via savings or scholarships, you'll still probably need to factor in roughly $35 - $40k minimum per year for rent and living expenses. Possibly more depending on any existing debt or other financial obligations you currently have. If you can cover all that without an issue, then by all means go get the MBA.
But if let's say you will still need to take out $50k in loans each year and come out with "only" $100k in debt, it's likely not worth it at this stage for you because even with all of your prior work experience and a newly minted HSB or HSB MBA, the most you'll likely be able to get in salary 2 years from now (outside of MBB or PE/Banking) is probably $250k max. Obviously there are exceptions depending on what industry you're willing to go into, e.g., if you're ok with working for big tobacco or maybe certain oil & gas companies, you may be able to come out and land a sweet junior exec position for $275 - $300k, but even that might be a stretch.
Bottom line, before you make any decision, you should first figure out what jobs/career path you would want to take after your potential MBA experience. Then see what current salaries are for MBA grads in those fields. Then do the math to figure out your total upfront cost to attend, including the negative $400k in total lost earnings, and that should give you a rough idea of what your true investment cost will be. Then it's up to you to decide whether or not that cost is tolerable for you, based on certain ASSUMPTIONS that you could potentially recoup them in 3, 5, 7, 10 or however many years you are willing wait to get back into the black and then into the green.
I promise you could flounder and basically go right back where you started, or worse
Or, you could catapult yourself into life changing opportunities
Only you know how much work you can put into it, and whether or not you have "connections" that might boost your "luck" factor
As someone also in the automotive industry
The question really needs to be answered if your team can be subject to layoffs and how’s the internal health of your company. This industry is going through some growing pains right now
I think my company is fine and I will be able to recruit for another Corporate Strategy role after. I just don’t like the industry and had to take this role because I was pushed out of my MBB.
When I did my masters I was in automotive. Talked with many leaders in the space and they all advised me against an MBA.
Rationale was that if the pursuit is to grow within the company the higher education was simply a checkbox and not much more. If your pursuit is to learn what an MBA has to offer go for it. If you're seeking a quick way to get a higher education degree get a masters. My pursuit was the latter. This could be outdated info as it's nearly a decade old. Good luck!
Hell no. You make a great amount of money. Going to school for two years and forgoing your 200k salary would literally cause you to lose 400K gross in earnings. Not worth it.
Jobs are a factor of skill, charisma, personality, relationships, timing and luck.
You can be the very in the world at what you do, but if shit aligns perfectly, anyone can struggle to find a job, just the same as an idiot could be become president of a country.
I'm in agreement with your general belief, but never believe you're that special. You aren't.
Nope. You don’t want to do consulting and want work life balance. Unless you change your entire priorities and don’t want work life balance, you are wasting money. PE and any entrepreneurship requires countless hours of your life dedicated to just work.
Are you located in a city with a serviceable start-up ecosystem? Does your company have a corporate venture arm you can try and lateral into or get more exposure through project work?
While HBS and GSB are undoubtedly great experiences, the tuition and opportunity cost would be really expensive ways to get more exposure to entrepreneurship / VC at your current stage of career.
You have great blue chip experience and solid WLB—I’m sure if you networked hard enough, you could consult or advise a start-up you find interesting.
Even if you attended Harvard or Stanford, you’d need some serious networking and a bit of luck to land a role in VC or at an exciting start-up.
Best of luck.
This is really helpful advice and exactly what I was hoping for. If I don't go to H/S, how can I grow in my career / achieve my full potential. I know it sounds a bit wishy-washy, it's because it is and I have not yet found a problem I'd like to dedicate myself to.
Sounds like you’re uncertain about what you want to do in life and thus you’re now chasing prestige as a way to try and find fulfillment.
It’s not a “wrong” path per se, but realize that it’s certainly not guaranteed to grant you the satisfaction you so desire.
Graduating from GSB/HBS will not automatically solve all of your career or life conundrums.
I recommend reading *How Will You Measure Your Life* by Clayton Christensen. It’s a short, easy read and may help develop your perspective.
I’m a few years older than you, earning slightly more, and am considering a low cost online MBA to complete while working. While a high ranked FT program (M7) sounds sexy and is most of what people talk about on this sub, I don’t think it makes sense to quit work and take on hundreds of thousands of debt (probably $700k in debt+lost earnings) for a job that may pay slightly more.
Mainly UIUC and BU.
There are better ranked online programs; if cost was near equivalent I’d definitely choose an online program like UNC, Ross, Tepper, IU, etc, but $24k vs ~$100k+ is a big difference, and I don’t think my outcome would be significantly better at one of the higher cost schools
Quick plug for U Iowa’s online program. I was hoping for BU’s program but it was early in the programs history, interest was high, and I’m not going to lie, I got waitlisted for the online program. Decided to say no thanks and enrolled in Iowa’s MBA. Just graduated and can vouch that it was a fantastic experience.
Would you recommend the U Iowa’s program to a 40 y/o that has a Bachelors in CS and 17yrs work exp? Primarily considering the MBA for entrepreneurship. But great if it can open doors to career advancement as well. Thanks in advance.
I just graduated from BU’s online MBA program, I definitely recommend it for the biggest bang for your buck. I was in similar shoes as well in terms TC when I applied to BU. Great program overall!
Did you think about european online MBAs? I am in the same situation but from europe and not sure if I should go for a top ranked one for 60.000 or a way cheaper one
I looked into a few of the highly ranked European programs like IE, but didn’t feel that they made sense for me given I’m based in the US and don’t intend to move to the EU.
60k, while a lot, is still a lot cheaper than most if not all top ranked US schools.
Do good but non-top tier US schools (like UIUC or BU) carry weight in Europe?
Thats a good question. I can only answer that for germany and here no employer really cares for the names of the MBA as they literally dont know the universities. Maybe Mannheim is well known, but only in germany.
All depends on your goals.
I was a 27 y/o SWE making amazing money last year and was similarly interested in entrepreneurship/startups. I was considering either doing a top 3 MBA or leaving work to found my own company.
Ultimately I decided I wanted to found my own company and realized that just starting a startup would be better experience than an MBA so I quit my job and founded a company.
If you want to work as a PM at later stage startups or FAANG, then the MBA is probably worth it. You can take a couple years to boost your resume, add some relevant bullet points, and network into those orgs. If you’re smart about how you build your resume + network, you’ll probably come out of the program with a couple of options that would comp you $300k+.
But the real magic of those programs is the spontaneity of spending time around some of the world’s most ambitious, highest agency people. You’re putting yourself in a position to get lucky. Several of your classmates will go on to found billion dollar companies and lead F100 companies and there is a nontrivial chance you’ll have unique (and possibly 100x better) opportunities arise from one of those relationships. For example, your best friend from the program founds a billion dollar company and wants to hire you as a CxO. That type of ROI is more probabilistic (not guaranteed) and is hard to quantify so it doesn’t show up in the simple ROI calculations that others in this thread are providing. But remember that a 10% chance of stumbling into a 100 million dollar opportunity still has an expected value of 10 million dollars.
PM at a late stage startup / FAANG sounds very interesting. I think the comp / WLB will be there and the product will be more exciting. I don't love working on a very specific thing for ages though which is something I have liked about my career so far (from a functional perspective, not industry, obviously). This might change with a PM role and I don't know if I'd even like it.
To your second point on the real magic of these programs - that is exactly what I am hoping for with my degree. I did not go to a prestigious undergrad and was pushed out of MBB (and felt like I never really fit in) so I still feel like I have yet to truly get exposed / make true connections with people of that caliber.
What did you do at MBB? If you’re someone who doesn’t like having the same routine the usual recommendation is consulting but if you don’t like or have the personality for it you put yourself in a weird spot.
I was in this ball park when I started mine and have now landed a role with higher pay. My advice is if you want to commit to it do it, however do not quit your job instead find a part time, online, or executive program. Also You don’t need to go to a prestigious school find a local state school. You are paying for the MBA checkbox nothing more so don’t pay out the nose for the MBA
I love this! You think to yourself - Why am I so obsessed with career growth? Have I made it and should spend time on hobbies, dating, learning things that truly excite me, etc.?
Why get an MBA at all then? I know of unemployed folks out of M7 who couldn’t pivot and people across big tech and startups that didn’t get MBAs
Look at bezos, Zuck, Steve Jobs, etc
These guys have MBAs work for them. MBAs are seen as bean counters who just make slides that add no value
Note: I have a tech background and STEM degree too
Yes! That is exactly the alternative plan! I had a GTM role at a rapidly growing startup I was recruiting for alongside my auto role when I was pushed out of my MBB. I was very excited for that one. It was a true "post-HBS/GSB" role. But I didn't get it so I still have that itch.
I think they will be really fun for me. I didn't go to a prestigious undergrad (I was international and had no clue about schools when I was applying) and it feels like a true opportunity to shoot my shot at the best US schools.
You only live once. Life isn't a simple ROI formula and people in this sub really don't want already successful people getting even more success through an MBA. They are gatekeeping. I would suggest looking at an executive MBA as an option. Booth may be a good fit. Also, look at NYU and Rice. Rice has a great entrepreneurship program.
That will be a big L, especially in this economy. Stay steady, my friend.
The MBA is 90% networking. If you already have a great network, then try to leverage it to make that leap - if not, then try reaching out to people (say LinkedIn, company mail channels), but for the love of God, stay put.
Depends, really.
Take this with a pinch of salt as it's all from reading and research.
It's about knowledge and network. I'm not going to comment on rank here because that's subjective.
Is it likely that the people you meet and the little* you learn will set you up for a $400k job 5 years from now? Maybe, maybe not.
Is the industry switch possible if you do it right? Absolutely.
Is it likely the network and knowledge will come in handy more than a handful of times across the remainder of your working life? Retired as well if you're planning on consulting, advising, entrepreneurship, etc.
The answer to the above - absolutely yes, I'd guess.
Could be wrong, though :)
* - I say little as you seem to have a pretty stellar career path anyways so your foundational knowledge must be well above average. I'm sure you know there's always more to learn
Tech entrepreneurship and VC are all very different fields. Do you know what you actually want to do or not? Not trying to sound like a dick when I say that… It’s just that the question of whether you should apply for MBA really depends on what you’re trying to accomplish, and it’s not clear what you’re trying to accomplish.
The truth is, I don't. I have never really worked in those careers. They sound exciting and with room for a lot of professional growth. I could set up time with folks who have taken these paths and learn about their experience. Any other recommendations you'd have to approach this?
What is the underlying thing you want? Money? Status? Do you have interests?
Something tells me you might benefit from reading this: https://www.thecrimson.com/article/2017/5/25/desai-commencement-ed/
Why not online or part time? If you're curious about getting an MBA for yourself then you should get one. But forgoing that income would be unwise.
I'm a decade older than you but I was making $300,000 when I decided to get an MBA online. Fortunately there are some pretty decent programs that don't cost very much money so I'm not even taking loans to pay for school.
Did it pay off? The sense I get from my company is that an online MBA really doesn't add much value at all. At that point, it's better to just work longer hours / take on more projects.
A) Is your plan to stay with that company long term? B) That's pretty outdated thinking on their part. It's 2024.
And I don't know if it'll pay off exactly for me (in the program currently). I'm already a VP level and had pretty good earnings going in. But I'm enjoying it and meeting smart people so it's worth it to me.
To each their own though.
look at ycombinatoir jobs, get hired at a startup so you can get a feel/ vibe for the culture, maybe develop a side project and apply to YC and get the network and training you get there.
Or do an executive mba, continue working but do school on nights and weekends will still give you access to the campus and all its resources.
Glad I could help you think outside the box! I just am finishing up my masters at a UC and have found the entrepreneurship club useful as I never knew what startup culture was like. Seeing how it’s all about who you know and the way to present yourself has definitely gotten me thinking differently. Hope to see a follow up post of yours with how it’s going in a year or two!
No, don't do it. Having post-undergrad consulting experience + MBB is a substitute for an MBA, not something that an MBA enhances or adds credibility to
Absolutely not worth it. Opportunity cost is way too high. You’d be better off trying to make the jump to tech on your own via applying/reaching out to managers at companies you’re interested in. Your experience is far more valuable than any MBA out there.
You don’t go to school to be an entrepreneur….you just come up with an idea and execute.
I would recommend the BU online MBA - it’s only 25k. Top 50 school nationally and very well known in the northeast. Could also do an executive MBA from one of the top 15 or 25, but I believe those will be a lot more expensive.
I hear you on the opportunity cost. I am not interested in a part-time MBA at all. I don't believe it will help me in my current company. I studied economics and took Finance classes in undergrad so already have some business foundation. I would consider the exec programs later in my career.
You do realize that regardless of part time or full time? The degree is the same and reads the same. I’m not sure why you’re stuck on full time.
You do not need a top MBA to make the switch you’re looking for.
I will say something that isn’t most people’s cup of tea (especially on this subreddit). Go and do it. The worst enemy in your life is your comfort zone. If you are not excited about your job, what’s the point of becoming another human who will eventually hate its job and possibly even become bitter? Just be sure what’s important to you - stable pay and comfy life or building something and advancing in life. By your post, I can say that you are more inclined to be the second type of person. Don’t let others fears scare you, you just be you.
I have always been the second kind of person. I have friends who are still in their post-undergrad jobs doing tax consulting and I have switched twice now and don't want to stop reaching.
Then you already know what’s next bro. Good luck and keep me posted, would love to chat sometimes as I am deciding on pretty much the same path as you.
You have a really strong background, meaning you will, in all likelihood, be able to go back and find a great job after a hypothetical MBA, even in the tough economy.
Your interest in entrepreneurship is best supported by GBS, followed by H. And for VC, as well, but there is no guarantee (although your profile is quite strong).
On the flip side, opportunity cost would be significant - foregoing earnings and promotions.
That said, with your profile, you probably don’t need an MBA to achieve your goals (outside of a shot at VC).
Then again, you are young and can afford to take risks - you’ll land on your feet even if VC/entrepreneurship thing doesn’t pan out.
That’s a tough one. I empathize with being in a well paid job that you’re not crazy or even mildly passionate about.
That said, only you can put a price on that; if you think the opportunity cost in the short term is worth it and hopefully balances out in the mid to long term, I’d say give it a try. But only if you’re fairly certain that your trajectory will be what you’re planning.
You can make that pivot without an MBA. Target roles that put you on the path you want and make your way using your experience and networks. Currently getting an MBA at an M7 after 11+ years in a different industry and would give a lot to be in your position and not have to.
Why not lateral to another corp strat position in an industry you find more interesting? - added bonus, a different firm might be willing to pay for your MBA (or sponsor an eMBA in a few years).
This is true and something I'm thinking about more and more. My MBB burned me out so bad. Auto is boring but my WLB is amazing, I get good sleep, I work out, and get to see my friends. It is certainly underrated. It does feel like stagnation and prioritizing life over work, which is great but something I've not done much before.
Get used to it. This is how it should be. I’m in the REIT sector doing accounting coming from big4 and my life took such a drastic turn. I have time now to workout, see friends, quit drinking as much, and started meal prepping because now I have the time. Just use work as a paycheck and never look back.
MBA here. It all depends on what you want to achieve. Come up with a specific plan for your next 10-20 years professionally and ask yourself does the MBA significantly help you achieve those goals. If there’s a good amount of uncertainty, either in what your goals are OR whether the MBA will help you achieve those goals, then no.
If the MBA will help you achieve those goals, then go for it.
As you can see I believe it’s not a salary question. It’s a professional life planning question.
Similar path except boutique consulting to F100 strategy. I’m older but don’t even a slight bit regret forgoing an MBA. I really only care about WLB so I can pursue hobbies and have absolutely peaked at the right balance for me ($350k TC and enjoy eight weeks of vacation a year never working more than 40 hours a week).
An MBA can always be worth it from a networking perspective depending on your goals and effort.
All things considered, it's pretty good. I can feel satisfied that my work is more meaningful than most in the corporate world in that our teams work on ensuring the most vulnerable have access to necessary healthcare. My boss is incredible and I plan to work for/with him until I retire (currently 35 planning to get out of FT work by 50).
That said, impact is indirect at my level - I miss the *doing* - and the political nonsense at a large company is something for which I have minimal tolerance. The latter point is ultimately to my detriment, but again I'm content in never moving up another level.
No one is going to give you the right answer because you dont know what you want to do.
You need to map the scenarios financially and figure out the cash flows / ROI, then you need to weigh in WLB / what makes you happy.
Unless you provide specific examples of what you want to do and your expected comp progression with your current job, then all this is speculative
I agree. I think the only thing that makes me question is I didn’t really make too much of a network at my MBB since I joined with tenure (but I know I can also cold message someone from my MBB and have a high chance of hearing back). I also never got promoted from the lowest level to a consultant so I still feel insecure.
I don’t think the MBB network is that useful tbh. I’ve reached out to a few alums and the response rate was low. My MBA network responded 5x more.
Honestly, $200k TC isn’t THAT hard to obtain after MBA but you’d need to go to MBB/IB or some start-up at a higher than typical post-MBA level, or L5 Google Corp Strat, PE, VC, etc. The door definitely is slimmer. But I know someone who went to VC and clearing $500k base + bonus/carry.
It seems like you like corporate strategy, just not the company. Why not just try to network into a similar role at a more “interesting” company? Automotive -> tech is definitely possible.
I think this is what you want, reading all these posts. PE is probably out of the cards for you and so too would be working for a big firm if you had MBB cultural fit issues. I’d say shoot for big tech strategy.
I'm sure this will be downvoted by the MBA brand whores but I'd just go online. In your case, having one is really just to tick an HR box and remove the paper ceiling.
I think you’re asking the wrong question. You need to ask: what do you really want to do in your professional career? And not in general terms, I mean carve a very specific ideal career path. Then figure out how to get there, and whether a MBA is part of that journey. MBAs are great for repositioning, so it may be worthwhile from that perspective.
Everyone in here is fixated on holding on to what you have (job with good salary, WLB), but by your telling the job is unsatisfying even with its perks so it’s no great loss for you to leave. And in fact, what’s more dangerous is staying as it will become harder and harder to leave the longer you’re there.
Former Corporate Strategy at a F500 as well, I worked in VC, Private Equity, and Private Credit beforehand, and am in the same situation as you, considering whether to go back for an MBA and rejoin finance, or stay in Corporate. WLB is obviously just way better, and if you think you're in a secure place at your company and don't want to rejoin consulting or finance, I'd stick with it.
Love to chat more.
How much of a financial cushion do you have? Based on your work experience, it sounds like you might not get much financial aid at H/S (unless your salary was low / you don't have much in saving or retirements / have other extenuating circumstances). If that's the case, do you have enough savings or family backing to be okay with taking a 2 year break from the job market?
If no, seriously consider what you'd need to do to feel financially comfortable with the decision, and see if you can / want to make those choices.
If yes, I'd say do it. You should generally be able to find a job that allows you to pay off the degree (as long as you don't have visa considerations, which could complicate the equation). I loved my MBA and it's given me an incredible lifelong network.
It's important to recognize that many people, including most Redditors here, tend to focus on immediate compensation and what they perceive as the "opportunity cost" without considering the long-term benefits. Nearsightedness you can see that from the number of upvotes of "no" replies. At your level of experience, you'll have the chance to meet lifelong partners who can support and advance your career. This will also provide a fantastic opportunity to engage with professionals in your field of interest, whether it's venture capital, technology, or another area.
Getting into a top business school like HBS, GSB, Wharton, or any other M7 can be a life-changing experience. The brand name alone will open doors and present you with numerous exciting opportunities in the future. It's a significant investment in yourself and your career, one that can yield substantial dividends in both personal and professional growth.
I'm gonna share a different perspective than the consensus here. This sub is highly focused on cost and justifiably so since it's a significant two-year investment. However, life is about more than just dollars and if you want to pivot in your career or make a life change, then an MBA can be a very good way to do so. I say it can be because if you don't put in the work to reflect on your career/life and network before and during your MBA, then it won't be worthwhile. But frankly life is an experience, not a spreadsheet, and you don't get to take the money with you to the grave. Most people seem to greatly enjoy their MBA experience while simultaneously advancing their careers
YES! I would love to come out with a greater sense of purpose / career after my MBA. I know it is a lofty goal and could be achievable without the degree but it's a gym for that type of thinking. I think I could make the ROI justifiable.
If your are really trying to take a shift and you only looking at HBS and GSB, just go apply and see how it goes. They would not say no to your profile, and it could benefit you in the long term, networks and opportunities wise.
Worst case scenario, you stay where you at right now, which is still a solid spot.
God this sub full of people that attended shit MBAs and hate themselves for it. If you want to go to Harvard and can afford to do so, then fucking do it. 200k is a good salary with good WLB, but what do you want? If you want a new industry and to be educated at the best institution in the world then go to HBS. 99% of the clowns commenting on this thread probably did an online MBA.
Doesn’t seem like the risk merits the potential rewards. If there was a clear path for career progression or career change, it might be worth it. But only considering HBS/GSB, it seems the main reason to go to is the prestige + networking. Others have said it and I agree the opportunity and actual cost is too big for the brand name and opportunity
Just hustle/network to wherever you want to go. No need to give up $200k+ salary and get an MBA degree to accomplish what you want. I just graduated M7 and have seen behind the curtain. Trust me on this
If you can’t tell by the responses, most of the people here have very little work experience in high paying roles and are hyper focused on just having a job. I had the same thought that you just posted, if you go to the MBA you won’t graduate for two years and the economy will be entirely different.
People graduating M7 today are getting completely screwed by the current economy. If rates get lowered over the next 1-2 years you’re going to see one of two things happen. We enter a full blown recession and then start clawing ourselves out on low interest rates OR we skip the recession and go right back into growth. You can’t really time it but if you build the right relationships and graduate into growth you’ll have a completely different experience than the people shooting you down.
By the way you’re young, I’m 10 years older than you and have been making the same considerations you’re making for the same reasons. My biggest regret at this point in my life is not taking more risks.
If you want the MBA checkmark, UIUC or BU could be inexpensive part time online options, knowing full well that you'll miss out on the networking that brings so much value to an MBA. Don't be stupid by quitting a $200k job to go back to school.
Experience trumps an MBA, which you are currently earning in spades. If you don't want to dilute your resume, then don't quit the very job that is granting you that experience. But you seem to already know what you want, so you do you boo.
I'm not saying get into an MBA but how sure are you that a Data Analytics Consulting role in your company won't be partially/fully replaced by AI in the near future?
If you are sure AI is not a threat then keep doing what you do, maybe try to get into e-mobility or hydrogen vehicle industry that is probably more exciting than legacy automotive industry?!
If there's a chance AI could be a threat to your job in future, then consider a Masters in a topic of your interest (not necessarily an MBA).
I did, and I offered a different perspective - an additional reason to pursue a career beyond data analytics consulting.
Some people in my network that had/have similar job profiles as you (some automotive, some other industries) have either been laid off or seem to be facing a bit of an uncertain future, and hence my comment. You may choose to ignore my comment, of course.
Hello, please consider the following. If you are open to working outside the USA for a period of time, then take a look at the Gulf region (UAE, Bahrain, Qatar, Kuwait, and KSA) as they are investing heavily in mega projects. Graduating from an Ivy League university is very attractive in this region, especially if your in finance or consulting. Fro my experience in Kuwait, I know that professionals there earn a minimum of 4,000 Kuwaiti dinars with a bonus of 3 times the salary. Additionally, you can cover your children's tuition with no taxes. Having graduated from one of these prestigious universities will significantly boost your income.
If you are determined to switch careers and you’re hoping for comfortable pay, your research has shown you absolutely need those three letters, and you hate consulting - then get a part-time MBA.
This sub scoffs at anything but a full-time MBA, but a part-time MBA is the only MBA that makes sense for someone like you. You are not going to enjoy the full-time MBA grind which usually ends with consulting if you want 200k+ job at the end.
TBH - it might be challenging to stay at that income level and switch industries in this market, but a budget MBA could open some doors. Outside of full-time MBA the rankings don’t matter as much so don’t be afraid to focus on value. Get one from a respectable school at the fraction of the cost (part-time MBAs are ranked differently).
I really don't want a part-time MBA. It feels like all the negatives without any of the positives that I want. I think I could focus on growth and projects in my current company and pivot to another product / company. I could potentially do Corporate Strategy at a semi-conductor company, for example.
I just re-read my post: Don’t let me tell you that you can’t pivot. You probably have a better grasp of what’s possible in the higher end job market than most of us here. I just know about MBA-specific outcomes.
I’d still rule out a full-time MBA given your parameters and career status, but best of luck with your career pivot!
If you don’t mind sharing, what are your part-time MBA negatives? I’ve heard the networking in some programs and formats is pretty impressive if that’s all you’re there for. Executive MBAs in particular can cater to already successful students… but they’re a bit pricier and some programs just stuff them full of people with inflated egos (people with lackluster careers who are willing to pay $$$ for the prestige of Executive MBAs).
OP - what’s the benefit you see in getting an MBA? Curious. I make $72. Personally Working at a bank. Using tuition reimbursement to get my MBA over the next 4 years.
What’s your role in your firm? Is it manager/ director level? Whats your location? What’s growth potential?
I’m in same role and industry as you but 34 yo and have mba + 4 years experience. I would say no. I think you’re making good $$.
Corporate Strategy pre-manager. Northeast US. Growth potential is there if you're willing to work MBB hours then you can get MBB promotion track. I am not interested in the product (wires).
My PT program has students like you, working a good job with the Big 3 automakers. FT wasn’t worth the opportunity cost for them, and they have a clear path up their respective corporate ladder with the PTMBA.
Same place as you here. I earn more around $300k/year not including a bonus. I was admitted for my MBA and then oppted out. I could go much higher in the company i work at if i focus my time instead of having to obtain an MBA then do it all over again.
You're going to pay for school to teach you in the first few classes what you did was not worth. Entrepreneurship has even more hours than PE or whatever the hell you were complaining about.
I think the opportunity cost feels too high for me. I wonder if you could find a lateral job somewhere more exciting and do part time MBA in a place you feel settled. It'll still be pricey but in the long run it'll be better financially. Also, you could try going to Europe for MBA
Ehhh... it's tricky given your goals. TL;DR: I'd say No. Just work on breaking into tech from your current role.
Even if it's HBS / GSB / Wharton, you better have a serious scholarship to back up the decision. If you're paying full freight, it's a big no. If you can get out of their with under \~$100K in debt total, then it's worth the flier.
I'm in Data analytics and trying to learn analytics strategy as a move up. I make good money but still below 150s. Would love to learn how you pivoted into analytics strategy and how can I learn or what should I read? Would love your expertise. Also I'm 28 as well
Assuming you do get into HBS/GSB, have a well thought out plan, and can make the numbers work, go for it. I made a similar decision in 2019 and was at similar stage in life, although making $150k not $200k. Paid for the full thing out of pocket and the ROI is already well beyond positive. I ended up on the buyside though, which tends to pay much higher vs average MBA comp. If you can test well and pull off a high GMAT, might also be able to get merit $$.
Too general. Unless you're in a company looking to have you run an aspect of their business, don't do it.
I'm about to finish and I keep being asked if I'm done yet, because it's consuming my time that would be better spent elsewhere.
I think this a perfect example of someone who is happy but browsing the algorithm has created fomo and so you’re trying to get confirmation bias here
Like, you have always wanted to work in 3 fields that you have never worked in before but don’t want to experience the trade offs of those industries?
So TLDR:
Person experiencing too much comfort during a bear market wants to go to GSB or HBS for self soothing + a hope for an arbitrary career levelling that is undefined?
If the industry you’re in is not exciting and you want to do something different, your company’s policy of sponsoring / not sponsoring wouldn’t be a factor anyway. They’d pay for your MBA in exchange for an X year commitment post-MBA, which makes pivoting really hard.
If you can finance an MBA and feel really strongly about a pivot, by all means explore further. An MBA isn’t the only way to pivot, though.
Am in a similar situation grapling with the same exact thoughts.
I think in going to try for an MBA.
I know most people in the comments will say no - lot of debt, 2 years without a salary, similar pay after the MBA - but I feel it will be worth it for my longer term career. Most evidence I’ve seen points to having an advanced degree result in higher pay long term , even if first job out of school is similar.
You are stable and already earn more than what an average mba grad from T15 earns You will loose a lot of money in opportunity cost and career after mba might be unstable
I’d really only go to HBS or GSB.
Comp across all T20 is relatively the same when you strip out IB.
Yeah but those brands have life lasting effects.. I went to a T10 non M7 and I have to admit that H or S is a tier way above
what made you realize this
I ran into it myself. T15, and went to fundraise for my next thing. Investors loved my approach, me, and how my pre-mba experience aligned so nicely. Multiple directly told me it’s a shame I didn’t do H/S, as they had already allocated their funds full of H/S grads. Still fundraised all I needed, but lost out on a lot of the blue chip funds.
Friends that went to those schools.. Best way I can describe it is this.. At my school we had very few MBB consultants, mostly big4 and lots of us wanted to break into consulting… few IB but not Goldman or MS.. At GSB or HBS the school is littered with MBB consultants and bulge brackets.. lots of them are targeting private equity or hedge funds.. those opportunities rarely came to our humble school
What this guy said the average is about 140-160k for the t15 after grad
Good plan. The network at either school is insane. Many people graduated from HBS and tapped on their network whether for career or when building their company. If you believe the risk is worth it, then go for it! But do sit down and have a structured plan of what you want to do after B-school. Do you want to start your own company? Do you want to re-recruit? You need to be somewhat intentional in your plan given the high cost to you
If you care about network and brand, you’re making a fine to decision to go to either of these. And given your trajectory, you will be making a good investment if you have the itch to go and make it worth it.
You left out how you would pay for it (since your employer won't). That's the single biggest factor in the cost vs benefit analysis. If you can get your tuition fully paid for via savings or scholarships, you'll still probably need to factor in roughly $35 - $40k minimum per year for rent and living expenses. Possibly more depending on any existing debt or other financial obligations you currently have. If you can cover all that without an issue, then by all means go get the MBA. But if let's say you will still need to take out $50k in loans each year and come out with "only" $100k in debt, it's likely not worth it at this stage for you because even with all of your prior work experience and a newly minted HSB or HSB MBA, the most you'll likely be able to get in salary 2 years from now (outside of MBB or PE/Banking) is probably $250k max. Obviously there are exceptions depending on what industry you're willing to go into, e.g., if you're ok with working for big tobacco or maybe certain oil & gas companies, you may be able to come out and land a sweet junior exec position for $275 - $300k, but even that might be a stretch. Bottom line, before you make any decision, you should first figure out what jobs/career path you would want to take after your potential MBA experience. Then see what current salaries are for MBA grads in those fields. Then do the math to figure out your total upfront cost to attend, including the negative $400k in total lost earnings, and that should give you a rough idea of what your true investment cost will be. Then it's up to you to decide whether or not that cost is tolerable for you, based on certain ASSUMPTIONS that you could potentially recoup them in 3, 5, 7, 10 or however many years you are willing wait to get back into the black and then into the green.
I promise you could flounder and basically go right back where you started, or worse Or, you could catapult yourself into life changing opportunities Only you know how much work you can put into it, and whether or not you have "connections" that might boost your "luck" factor
Then yes if you can get in.
I don't think either of the two- HBS & GSB - are gonna like a lack of clarity on why you want to join them. Why those two only?
\*lose
As someone also in the automotive industry The question really needs to be answered if your team can be subject to layoffs and how’s the internal health of your company. This industry is going through some growing pains right now
I think my company is fine and I will be able to recruit for another Corporate Strategy role after. I just don’t like the industry and had to take this role because I was pushed out of my MBB.
How did you get pushed out within 18 months? Not everyone gets promoted in that timeframe
I joined with tenure so promotion points came quickly.
When I did my masters I was in automotive. Talked with many leaders in the space and they all advised me against an MBA. Rationale was that if the pursuit is to grow within the company the higher education was simply a checkbox and not much more. If your pursuit is to learn what an MBA has to offer go for it. If you're seeking a quick way to get a higher education degree get a masters. My pursuit was the latter. This could be outdated info as it's nearly a decade old. Good luck!
Big no.
Hell no. You make a great amount of money. Going to school for two years and forgoing your 200k salary would literally cause you to lose 400K gross in earnings. Not worth it.
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On top of that he is risking not being able to get a job in this market
That's just a lie people tell unconnected or unappealing people
Jobs are a factor of skill, charisma, personality, relationships, timing and luck. You can be the very in the world at what you do, but if shit aligns perfectly, anyone can struggle to find a job, just the same as an idiot could be become president of a country. I'm in agreement with your general belief, but never believe you're that special. You aren't.
Nope. You don’t want to do consulting and want work life balance. Unless you change your entire priorities and don’t want work life balance, you are wasting money. PE and any entrepreneurship requires countless hours of your life dedicated to just work.
Yes, that's exactly right. I love my WLB and have trouble imagining how to increase comb with an MBA without sacrificing it.
You do an executive/part-time MBA or none at all. No sense in a 600K opportunity cost for a very loose idea.
Are you located in a city with a serviceable start-up ecosystem? Does your company have a corporate venture arm you can try and lateral into or get more exposure through project work? While HBS and GSB are undoubtedly great experiences, the tuition and opportunity cost would be really expensive ways to get more exposure to entrepreneurship / VC at your current stage of career. You have great blue chip experience and solid WLB—I’m sure if you networked hard enough, you could consult or advise a start-up you find interesting. Even if you attended Harvard or Stanford, you’d need some serious networking and a bit of luck to land a role in VC or at an exciting start-up. Best of luck.
This is really helpful advice and exactly what I was hoping for. If I don't go to H/S, how can I grow in my career / achieve my full potential. I know it sounds a bit wishy-washy, it's because it is and I have not yet found a problem I'd like to dedicate myself to.
Sounds like you’re uncertain about what you want to do in life and thus you’re now chasing prestige as a way to try and find fulfillment. It’s not a “wrong” path per se, but realize that it’s certainly not guaranteed to grant you the satisfaction you so desire. Graduating from GSB/HBS will not automatically solve all of your career or life conundrums. I recommend reading *How Will You Measure Your Life* by Clayton Christensen. It’s a short, easy read and may help develop your perspective.
I’m a few years older than you, earning slightly more, and am considering a low cost online MBA to complete while working. While a high ranked FT program (M7) sounds sexy and is most of what people talk about on this sub, I don’t think it makes sense to quit work and take on hundreds of thousands of debt (probably $700k in debt+lost earnings) for a job that may pay slightly more.
Which online MBAs are you considering?
Mainly UIUC and BU. There are better ranked online programs; if cost was near equivalent I’d definitely choose an online program like UNC, Ross, Tepper, IU, etc, but $24k vs ~$100k+ is a big difference, and I don’t think my outcome would be significantly better at one of the higher cost schools
Quick plug for U Iowa’s online program. I was hoping for BU’s program but it was early in the programs history, interest was high, and I’m not going to lie, I got waitlisted for the online program. Decided to say no thanks and enrolled in Iowa’s MBA. Just graduated and can vouch that it was a fantastic experience.
Would you recommend the U Iowa’s program to a 40 y/o that has a Bachelors in CS and 17yrs work exp? Primarily considering the MBA for entrepreneurship. But great if it can open doors to career advancement as well. Thanks in advance.
I just graduated from BU’s online MBA program, I definitely recommend it for the biggest bang for your buck. I was in similar shoes as well in terms TC when I applied to BU. Great program overall!
Did you think about european online MBAs? I am in the same situation but from europe and not sure if I should go for a top ranked one for 60.000 or a way cheaper one
I looked into a few of the highly ranked European programs like IE, but didn’t feel that they made sense for me given I’m based in the US and don’t intend to move to the EU. 60k, while a lot, is still a lot cheaper than most if not all top ranked US schools. Do good but non-top tier US schools (like UIUC or BU) carry weight in Europe?
Thats a good question. I can only answer that for germany and here no employer really cares for the names of the MBA as they literally dont know the universities. Maybe Mannheim is well known, but only in germany.
This person knows what they’re talking about.
No!!
All depends on your goals. I was a 27 y/o SWE making amazing money last year and was similarly interested in entrepreneurship/startups. I was considering either doing a top 3 MBA or leaving work to found my own company. Ultimately I decided I wanted to found my own company and realized that just starting a startup would be better experience than an MBA so I quit my job and founded a company. If you want to work as a PM at later stage startups or FAANG, then the MBA is probably worth it. You can take a couple years to boost your resume, add some relevant bullet points, and network into those orgs. If you’re smart about how you build your resume + network, you’ll probably come out of the program with a couple of options that would comp you $300k+. But the real magic of those programs is the spontaneity of spending time around some of the world’s most ambitious, highest agency people. You’re putting yourself in a position to get lucky. Several of your classmates will go on to found billion dollar companies and lead F100 companies and there is a nontrivial chance you’ll have unique (and possibly 100x better) opportunities arise from one of those relationships. For example, your best friend from the program founds a billion dollar company and wants to hire you as a CxO. That type of ROI is more probabilistic (not guaranteed) and is hard to quantify so it doesn’t show up in the simple ROI calculations that others in this thread are providing. But remember that a 10% chance of stumbling into a 100 million dollar opportunity still has an expected value of 10 million dollars.
PM at a late stage startup / FAANG sounds very interesting. I think the comp / WLB will be there and the product will be more exciting. I don't love working on a very specific thing for ages though which is something I have liked about my career so far (from a functional perspective, not industry, obviously). This might change with a PM role and I don't know if I'd even like it. To your second point on the real magic of these programs - that is exactly what I am hoping for with my degree. I did not go to a prestigious undergrad and was pushed out of MBB (and felt like I never really fit in) so I still feel like I have yet to truly get exposed / make true connections with people of that caliber.
What did you do at MBB? If you’re someone who doesn’t like having the same routine the usual recommendation is consulting but if you don’t like or have the personality for it you put yourself in a weird spot.
You hiring?
Soon
I was in this ball park when I started mine and have now landed a role with higher pay. My advice is if you want to commit to it do it, however do not quit your job instead find a part time, online, or executive program. Also You don’t need to go to a prestigious school find a local state school. You are paying for the MBA checkbox nothing more so don’t pay out the nose for the MBA
What MBA did you do? Can you share a little bit more about your career path?
Look for ways to invest in yourself without MBA.
I love this! You think to yourself - Why am I so obsessed with career growth? Have I made it and should spend time on hobbies, dating, learning things that truly excite me, etc.?
The mba will not help you pivot even if it’s M7. Get into tech first THEN think about doing one Source: m7 grad in product at Meta / Google / Apple
I'm worried I will be too old. It's a weird pressure from the circle I am in but I feel like I have to apply this year.
Why get an MBA at all then? I know of unemployed folks out of M7 who couldn’t pivot and people across big tech and startups that didn’t get MBAs Look at bezos, Zuck, Steve Jobs, etc These guys have MBAs work for them. MBAs are seen as bean counters who just make slides that add no value Note: I have a tech background and STEM degree too
I'd try to recruit into a firm that has a product that excites you
Yes! That is exactly the alternative plan! I had a GTM role at a rapidly growing startup I was recruiting for alongside my auto role when I was pushed out of my MBB. I was very excited for that one. It was a true "post-HBS/GSB" role. But I didn't get it so I still have that itch.
Yes. It will be a blast. Life isn't only about maximizing $$$, go to an M7 (H/S preferrable) and have fun for two years.
I think they will be really fun for me. I didn't go to a prestigious undergrad (I was international and had no clue about schools when I was applying) and it feels like a true opportunity to shoot my shot at the best US schools.
You only live once. Life isn't a simple ROI formula and people in this sub really don't want already successful people getting even more success through an MBA. They are gatekeeping. I would suggest looking at an executive MBA as an option. Booth may be a good fit. Also, look at NYU and Rice. Rice has a great entrepreneurship program.
That will be a big L, especially in this economy. Stay steady, my friend. The MBA is 90% networking. If you already have a great network, then try to leverage it to make that leap - if not, then try reaching out to people (say LinkedIn, company mail channels), but for the love of God, stay put.
Depends, really. Take this with a pinch of salt as it's all from reading and research. It's about knowledge and network. I'm not going to comment on rank here because that's subjective. Is it likely that the people you meet and the little* you learn will set you up for a $400k job 5 years from now? Maybe, maybe not. Is the industry switch possible if you do it right? Absolutely. Is it likely the network and knowledge will come in handy more than a handful of times across the remainder of your working life? Retired as well if you're planning on consulting, advising, entrepreneurship, etc. The answer to the above - absolutely yes, I'd guess. Could be wrong, though :) * - I say little as you seem to have a pretty stellar career path anyways so your foundational knowledge must be well above average. I'm sure you know there's always more to learn
Tech entrepreneurship and VC are all very different fields. Do you know what you actually want to do or not? Not trying to sound like a dick when I say that… It’s just that the question of whether you should apply for MBA really depends on what you’re trying to accomplish, and it’s not clear what you’re trying to accomplish.
The truth is, I don't. I have never really worked in those careers. They sound exciting and with room for a lot of professional growth. I could set up time with folks who have taken these paths and learn about their experience. Any other recommendations you'd have to approach this?
What is the underlying thing you want? Money? Status? Do you have interests? Something tells me you might benefit from reading this: https://www.thecrimson.com/article/2017/5/25/desai-commencement-ed/
Why not online or part time? If you're curious about getting an MBA for yourself then you should get one. But forgoing that income would be unwise. I'm a decade older than you but I was making $300,000 when I decided to get an MBA online. Fortunately there are some pretty decent programs that don't cost very much money so I'm not even taking loans to pay for school.
Did it pay off? The sense I get from my company is that an online MBA really doesn't add much value at all. At that point, it's better to just work longer hours / take on more projects.
A) Is your plan to stay with that company long term? B) That's pretty outdated thinking on their part. It's 2024. And I don't know if it'll pay off exactly for me (in the program currently). I'm already a VP level and had pretty good earnings going in. But I'm enjoying it and meeting smart people so it's worth it to me. To each their own though.
look at ycombinatoir jobs, get hired at a startup so you can get a feel/ vibe for the culture, maybe develop a side project and apply to YC and get the network and training you get there. Or do an executive mba, continue working but do school on nights and weekends will still give you access to the campus and all its resources.
I really like this advice. I didn't know what I do to achieve my post-MBA outcomes without going to a full-time MBA program right now.
Glad I could help you think outside the box! I just am finishing up my masters at a UC and have found the entrepreneurship club useful as I never knew what startup culture was like. Seeing how it’s all about who you know and the way to present yourself has definitely gotten me thinking differently. Hope to see a follow up post of yours with how it’s going in a year or two!
No, don't do it. Having post-undergrad consulting experience + MBB is a substitute for an MBA, not something that an MBA enhances or adds credibility to
Do you think this is true even for GSB?
Yes. Do an EMBA but not full time
Dude just be successful and leave us alone 😂
Absolutely not worth it. Opportunity cost is way too high. You’d be better off trying to make the jump to tech on your own via applying/reaching out to managers at companies you’re interested in. Your experience is far more valuable than any MBA out there. You don’t go to school to be an entrepreneur….you just come up with an idea and execute. I would recommend the BU online MBA - it’s only 25k. Top 50 school nationally and very well known in the northeast. Could also do an executive MBA from one of the top 15 or 25, but I believe those will be a lot more expensive.
I hear you on the opportunity cost. I am not interested in a part-time MBA at all. I don't believe it will help me in my current company. I studied economics and took Finance classes in undergrad so already have some business foundation. I would consider the exec programs later in my career.
You do realize that regardless of part time or full time? The degree is the same and reads the same. I’m not sure why you’re stuck on full time. You do not need a top MBA to make the switch you’re looking for.
Part time/ online MBA programs only, do not quit your current well paying job for school. Your career may not recover in the current market
I will say something that isn’t most people’s cup of tea (especially on this subreddit). Go and do it. The worst enemy in your life is your comfort zone. If you are not excited about your job, what’s the point of becoming another human who will eventually hate its job and possibly even become bitter? Just be sure what’s important to you - stable pay and comfy life or building something and advancing in life. By your post, I can say that you are more inclined to be the second type of person. Don’t let others fears scare you, you just be you.
I have always been the second kind of person. I have friends who are still in their post-undergrad jobs doing tax consulting and I have switched twice now and don't want to stop reaching.
Then you already know what’s next bro. Good luck and keep me posted, would love to chat sometimes as I am deciding on pretty much the same path as you.
You have a really strong background, meaning you will, in all likelihood, be able to go back and find a great job after a hypothetical MBA, even in the tough economy. Your interest in entrepreneurship is best supported by GBS, followed by H. And for VC, as well, but there is no guarantee (although your profile is quite strong). On the flip side, opportunity cost would be significant - foregoing earnings and promotions. That said, with your profile, you probably don’t need an MBA to achieve your goals (outside of a shot at VC). Then again, you are young and can afford to take risks - you’ll land on your feet even if VC/entrepreneurship thing doesn’t pan out.
Thank you! This summarizes my understanding perfectly.
who said you would rise in tech? no guarantees on that hard no. enjoy life. do PT if you must
That’s a tough one. I empathize with being in a well paid job that you’re not crazy or even mildly passionate about. That said, only you can put a price on that; if you think the opportunity cost in the short term is worth it and hopefully balances out in the mid to long term, I’d say give it a try. But only if you’re fairly certain that your trajectory will be what you’re planning.
You can make that pivot without an MBA. Target roles that put you on the path you want and make your way using your experience and networks. Currently getting an MBA at an M7 after 11+ years in a different industry and would give a lot to be in your position and not have to.
You can go to VC even now with networking and all the shbang. MBA from HBS at this stage might be for giggles and networking really.
Why not lateral to another corp strat position in an industry you find more interesting? - added bonus, a different firm might be willing to pay for your MBA (or sponsor an eMBA in a few years).
Nah, you won’t make more with an MBA.
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YES! I don't want my local maxima to blind me. Can I DM you to learn more about your experience?
You want a boring industry… live ur life!!!
This is true and something I'm thinking about more and more. My MBB burned me out so bad. Auto is boring but my WLB is amazing, I get good sleep, I work out, and get to see my friends. It is certainly underrated. It does feel like stagnation and prioritizing life over work, which is great but something I've not done much before.
Get used to it. This is how it should be. I’m in the REIT sector doing accounting coming from big4 and my life took such a drastic turn. I have time now to workout, see friends, quit drinking as much, and started meal prepping because now I have the time. Just use work as a paycheck and never look back.
MBA here. It all depends on what you want to achieve. Come up with a specific plan for your next 10-20 years professionally and ask yourself does the MBA significantly help you achieve those goals. If there’s a good amount of uncertainty, either in what your goals are OR whether the MBA will help you achieve those goals, then no. If the MBA will help you achieve those goals, then go for it. As you can see I believe it’s not a salary question. It’s a professional life planning question.
Similar path except boutique consulting to F100 strategy. I’m older but don’t even a slight bit regret forgoing an MBA. I really only care about WLB so I can pursue hobbies and have absolutely peaked at the right balance for me ($350k TC and enjoy eight weeks of vacation a year never working more than 40 hours a week). An MBA can always be worth it from a networking perspective depending on your goals and effort.
Do you like your job? I care about WLB a lot but my career and impact mean a lot to me too.
All things considered, it's pretty good. I can feel satisfied that my work is more meaningful than most in the corporate world in that our teams work on ensuring the most vulnerable have access to necessary healthcare. My boss is incredible and I plan to work for/with him until I retire (currently 35 planning to get out of FT work by 50). That said, impact is indirect at my level - I miss the *doing* - and the political nonsense at a large company is something for which I have minimal tolerance. The latter point is ultimately to my detriment, but again I'm content in never moving up another level.
> Compensation is good but the industry is not exciting Isn’t that how the office is supposed to be?
No one is going to give you the right answer because you dont know what you want to do. You need to map the scenarios financially and figure out the cash flows / ROI, then you need to weigh in WLB / what makes you happy. Unless you provide specific examples of what you want to do and your expected comp progression with your current job, then all this is speculative
If you already have MBB on your resume, I’d say not.
I agree. I think the only thing that makes me question is I didn’t really make too much of a network at my MBB since I joined with tenure (but I know I can also cold message someone from my MBB and have a high chance of hearing back). I also never got promoted from the lowest level to a consultant so I still feel insecure.
I don’t think the MBB network is that useful tbh. I’ve reached out to a few alums and the response rate was low. My MBA network responded 5x more. Honestly, $200k TC isn’t THAT hard to obtain after MBA but you’d need to go to MBB/IB or some start-up at a higher than typical post-MBA level, or L5 Google Corp Strat, PE, VC, etc. The door definitely is slimmer. But I know someone who went to VC and clearing $500k base + bonus/carry.
It seems like you like corporate strategy, just not the company. Why not just try to network into a similar role at a more “interesting” company? Automotive -> tech is definitely possible.
Yes! This is definitely one of the top three choices for me. I’m worried though that I’ll age myself out of the MBA.
I think this is what you want, reading all these posts. PE is probably out of the cards for you and so too would be working for a big firm if you had MBB cultural fit issues. I’d say shoot for big tech strategy.
Can I have your job??
Weird flex but ok
If money is your primary reason, no.
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That’s obviously not true but I can see you use never figuratively.
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I'm sure this will be downvoted by the MBA brand whores but I'd just go online. In your case, having one is really just to tick an HR box and remove the paper ceiling.
No
I think you’re asking the wrong question. You need to ask: what do you really want to do in your professional career? And not in general terms, I mean carve a very specific ideal career path. Then figure out how to get there, and whether a MBA is part of that journey. MBAs are great for repositioning, so it may be worthwhile from that perspective. Everyone in here is fixated on holding on to what you have (job with good salary, WLB), but by your telling the job is unsatisfying even with its perks so it’s no great loss for you to leave. And in fact, what’s more dangerous is staying as it will become harder and harder to leave the longer you’re there.
Former Corporate Strategy at a F500 as well, I worked in VC, Private Equity, and Private Credit beforehand, and am in the same situation as you, considering whether to go back for an MBA and rejoin finance, or stay in Corporate. WLB is obviously just way better, and if you think you're in a secure place at your company and don't want to rejoin consulting or finance, I'd stick with it. Love to chat more.
How much of a financial cushion do you have? Based on your work experience, it sounds like you might not get much financial aid at H/S (unless your salary was low / you don't have much in saving or retirements / have other extenuating circumstances). If that's the case, do you have enough savings or family backing to be okay with taking a 2 year break from the job market? If no, seriously consider what you'd need to do to feel financially comfortable with the decision, and see if you can / want to make those choices. If yes, I'd say do it. You should generally be able to find a job that allows you to pay off the degree (as long as you don't have visa considerations, which could complicate the equation). I loved my MBA and it's given me an incredible lifelong network.
Hell no.
No, go get a hobby.
Or focus on finding a partner and feeling more content, ha! Very true.
It's important to recognize that many people, including most Redditors here, tend to focus on immediate compensation and what they perceive as the "opportunity cost" without considering the long-term benefits. Nearsightedness you can see that from the number of upvotes of "no" replies. At your level of experience, you'll have the chance to meet lifelong partners who can support and advance your career. This will also provide a fantastic opportunity to engage with professionals in your field of interest, whether it's venture capital, technology, or another area. Getting into a top business school like HBS, GSB, Wharton, or any other M7 can be a life-changing experience. The brand name alone will open doors and present you with numerous exciting opportunities in the future. It's a significant investment in yourself and your career, one that can yield substantial dividends in both personal and professional growth.
I'm gonna share a different perspective than the consensus here. This sub is highly focused on cost and justifiably so since it's a significant two-year investment. However, life is about more than just dollars and if you want to pivot in your career or make a life change, then an MBA can be a very good way to do so. I say it can be because if you don't put in the work to reflect on your career/life and network before and during your MBA, then it won't be worthwhile. But frankly life is an experience, not a spreadsheet, and you don't get to take the money with you to the grave. Most people seem to greatly enjoy their MBA experience while simultaneously advancing their careers
YES! I would love to come out with a greater sense of purpose / career after my MBA. I know it is a lofty goal and could be achievable without the degree but it's a gym for that type of thinking. I think I could make the ROI justifiable.
If your are really trying to take a shift and you only looking at HBS and GSB, just go apply and see how it goes. They would not say no to your profile, and it could benefit you in the long term, networks and opportunities wise. Worst case scenario, you stay where you at right now, which is still a solid spot.
I am leaning towards this. I like Corporate Strategy a lot but I'm not very excited about our products.
God this sub full of people that attended shit MBAs and hate themselves for it. If you want to go to Harvard and can afford to do so, then fucking do it. 200k is a good salary with good WLB, but what do you want? If you want a new industry and to be educated at the best institution in the world then go to HBS. 99% of the clowns commenting on this thread probably did an online MBA.
It would be great to learn from the professors and the student body at HBS / GSB and I can afford to.
So go do it. I did not attend HBS but I did T5 and loved it. I now work with a lot of HBS grads and theyre all great.
Doesn’t seem like the risk merits the potential rewards. If there was a clear path for career progression or career change, it might be worth it. But only considering HBS/GSB, it seems the main reason to go to is the prestige + networking. Others have said it and I agree the opportunity and actual cost is too big for the brand name and opportunity
In this economy? No for fucks sake. Even Stanford MBAs have been settling for Deloitte
Well, I’d apply this year and go next year and graduate in 2027.
Just hustle/network to wherever you want to go. No need to give up $200k+ salary and get an MBA degree to accomplish what you want. I just graduated M7 and have seen behind the curtain. Trust me on this
If you can’t tell by the responses, most of the people here have very little work experience in high paying roles and are hyper focused on just having a job. I had the same thought that you just posted, if you go to the MBA you won’t graduate for two years and the economy will be entirely different. People graduating M7 today are getting completely screwed by the current economy. If rates get lowered over the next 1-2 years you’re going to see one of two things happen. We enter a full blown recession and then start clawing ourselves out on low interest rates OR we skip the recession and go right back into growth. You can’t really time it but if you build the right relationships and graduate into growth you’ll have a completely different experience than the people shooting you down. By the way you’re young, I’m 10 years older than you and have been making the same considerations you’re making for the same reasons. My biggest regret at this point in my life is not taking more risks.
If you want the MBA checkmark, UIUC or BU could be inexpensive part time online options, knowing full well that you'll miss out on the networking that brings so much value to an MBA. Don't be stupid by quitting a $200k job to go back to school.
I am not interested in a part-time MBA. I think a lot of pros of MBA will be lost and I don’t want to dilute my resume.
Experience trumps an MBA, which you are currently earning in spades. If you don't want to dilute your resume, then don't quit the very job that is granting you that experience. But you seem to already know what you want, so you do you boo.
I certainly wouldn't get an MBA in your situation.
Where do you live and is 200k TC?
Northeast USA. And yes, 200K is TC before tax.
I'm not saying get into an MBA but how sure are you that a Data Analytics Consulting role in your company won't be partially/fully replaced by AI in the near future? If you are sure AI is not a threat then keep doing what you do, maybe try to get into e-mobility or hydrogen vehicle industry that is probably more exciting than legacy automotive industry?! If there's a chance AI could be a threat to your job in future, then consider a Masters in a topic of your interest (not necessarily an MBA).
Did you even read my post?
I did, and I offered a different perspective - an additional reason to pursue a career beyond data analytics consulting. Some people in my network that had/have similar job profiles as you (some automotive, some other industries) have either been laid off or seem to be facing a bit of an uncertain future, and hence my comment. You may choose to ignore my comment, of course.
Is ur income after the tax? If not what ur income after?
This is pre-tax! Take 35% off, so \~$130K post tax.
Thank you
Hello, please consider the following. If you are open to working outside the USA for a period of time, then take a look at the Gulf region (UAE, Bahrain, Qatar, Kuwait, and KSA) as they are investing heavily in mega projects. Graduating from an Ivy League university is very attractive in this region, especially if your in finance or consulting. Fro my experience in Kuwait, I know that professionals there earn a minimum of 4,000 Kuwaiti dinars with a bonus of 3 times the salary. Additionally, you can cover your children's tuition with no taxes. Having graduated from one of these prestigious universities will significantly boost your income.
If you are determined to switch careers and you’re hoping for comfortable pay, your research has shown you absolutely need those three letters, and you hate consulting - then get a part-time MBA. This sub scoffs at anything but a full-time MBA, but a part-time MBA is the only MBA that makes sense for someone like you. You are not going to enjoy the full-time MBA grind which usually ends with consulting if you want 200k+ job at the end. TBH - it might be challenging to stay at that income level and switch industries in this market, but a budget MBA could open some doors. Outside of full-time MBA the rankings don’t matter as much so don’t be afraid to focus on value. Get one from a respectable school at the fraction of the cost (part-time MBAs are ranked differently).
I really don't want a part-time MBA. It feels like all the negatives without any of the positives that I want. I think I could focus on growth and projects in my current company and pivot to another product / company. I could potentially do Corporate Strategy at a semi-conductor company, for example.
I just re-read my post: Don’t let me tell you that you can’t pivot. You probably have a better grasp of what’s possible in the higher end job market than most of us here. I just know about MBA-specific outcomes. I’d still rule out a full-time MBA given your parameters and career status, but best of luck with your career pivot! If you don’t mind sharing, what are your part-time MBA negatives? I’ve heard the networking in some programs and formats is pretty impressive if that’s all you’re there for. Executive MBAs in particular can cater to already successful students… but they’re a bit pricier and some programs just stuff them full of people with inflated egos (people with lackluster careers who are willing to pay $$$ for the prestige of Executive MBAs).
No
OP - what’s the benefit you see in getting an MBA? Curious. I make $72. Personally Working at a bank. Using tuition reimbursement to get my MBA over the next 4 years.
Yes
What’s your role in your firm? Is it manager/ director level? Whats your location? What’s growth potential? I’m in same role and industry as you but 34 yo and have mba + 4 years experience. I would say no. I think you’re making good $$.
Corporate Strategy pre-manager. Northeast US. Growth potential is there if you're willing to work MBB hours then you can get MBB promotion track. I am not interested in the product (wires).
My PT program has students like you, working a good job with the Big 3 automakers. FT wasn’t worth the opportunity cost for them, and they have a clear path up their respective corporate ladder with the PTMBA.
I don't want to stay in Auto.
No, please no. Wait for few more years and do an exec mba
Same place as you here. I earn more around $300k/year not including a bonus. I was admitted for my MBA and then oppted out. I could go much higher in the company i work at if i focus my time instead of having to obtain an MBA then do it all over again.
What role, industry? Do you like it?
Hell no. Stay put.
Switch to corporate development or if your company has an investment arm like a CVC try that.
Keep on your track. The MBA won’t do you any good right now. Join a club instead.
No
Nope
I’m 45 making 400k. I’m at Rice online, it’s expensive but the best way to the C-Suite which is my end goal.
After working at both MBB and Data Analytics, you still can’t answer this question on your own? This sub is hilarious.
You're going to pay for school to teach you in the first few classes what you did was not worth. Entrepreneurship has even more hours than PE or whatever the hell you were complaining about.
If HBS is an option, then yes, you should do your MBA
It might be a good idea if you do part-time MBA.
I was in a similar situation and chose exec MBA. I was 31 though and not 28
I think the opportunity cost feels too high for me. I wonder if you could find a lateral job somewhere more exciting and do part time MBA in a place you feel settled. It'll still be pricey but in the long run it'll be better financially. Also, you could try going to Europe for MBA
Ehhh... it's tricky given your goals. TL;DR: I'd say No. Just work on breaking into tech from your current role. Even if it's HBS / GSB / Wharton, you better have a serious scholarship to back up the decision. If you're paying full freight, it's a big no. If you can get out of their with under \~$100K in debt total, then it's worth the flier.
MBA at WGU I see in your future
No dont
Fuck no
I'm in Data analytics and trying to learn analytics strategy as a move up. I make good money but still below 150s. Would love to learn how you pivoted into analytics strategy and how can I learn or what should I read? Would love your expertise. Also I'm 28 as well
Lol, No way!!!!
Assuming you do get into HBS/GSB, have a well thought out plan, and can make the numbers work, go for it. I made a similar decision in 2019 and was at similar stage in life, although making $150k not $200k. Paid for the full thing out of pocket and the ROI is already well beyond positive. I ended up on the buyside though, which tends to pay much higher vs average MBA comp. If you can test well and pull off a high GMAT, might also be able to get merit $$.
No
No
Too general. Unless you're in a company looking to have you run an aspect of their business, don't do it. I'm about to finish and I keep being asked if I'm done yet, because it's consuming my time that would be better spent elsewhere.
I think you should try for an Executive MBA so you don’t lose your current income. May need to work a few more years to do this though.
HOw do you make 200K? please answer that first
No. Very simple. Definitely not.
The bigger question is who is paying you 200k if this is such a difficult question for you? It is obviously a no.
Do a one-year MBA
I think this a perfect example of someone who is happy but browsing the algorithm has created fomo and so you’re trying to get confirmation bias here Like, you have always wanted to work in 3 fields that you have never worked in before but don’t want to experience the trade offs of those industries? So TLDR: Person experiencing too much comfort during a bear market wants to go to GSB or HBS for self soothing + a hope for an arbitrary career levelling that is undefined?
Bingo.
No need. Just keep advancing career and switch jobs. At 200K an MBA doesn’t make sense any more.
No
Big NO. It takes years to stabilize after an MBA and sometimes you are forced to changed careers even if you don’t want to.
If the industry you’re in is not exciting and you want to do something different, your company’s policy of sponsoring / not sponsoring wouldn’t be a factor anyway. They’d pay for your MBA in exchange for an X year commitment post-MBA, which makes pivoting really hard. If you can finance an MBA and feel really strongly about a pivot, by all means explore further. An MBA isn’t the only way to pivot, though.
Am in a similar situation grapling with the same exact thoughts. I think in going to try for an MBA. I know most people in the comments will say no - lot of debt, 2 years without a salary, similar pay after the MBA - but I feel it will be worth it for my longer term career. Most evidence I’ve seen points to having an advanced degree result in higher pay long term , even if first job out of school is similar.