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Is a mba worth it
Posted on 7/2/19 at 7:22 am
Posted on 7/2/19 at 7:22 am
I am thinking of getting my mba. Top two choices are tuck ( Dartmouth) and booth ( u chicago). Trying to figure out if taking on the debt is the right move . Anyone have insights on mba please feel free to share
17
Posted on 7/2/19 at 7:25 am to Statsattack
Work for a company that pays for your MBA
Posted on 7/2/19 at 7:43 am to Statsattack
If you are young and just getting started in your career then yes. You will advance much quicker in the beginning and those 3 letters after your name will help.
If you are mid career then the question is much more complex. It depends on your industry, age, experience, work ethic, etc. Nobody really cares about the letters if you have 20 years experience. Looks good on a resume though.
If you are mid career then the question is much more complex. It depends on your industry, age, experience, work ethic, etc. Nobody really cares about the letters if you have 20 years experience. Looks good on a resume though.
Posted on 7/2/19 at 7:49 am to Statsattack
Experience trumps mba every time. If company doesn’t pay for it then no way would I pursue it.
Posted on 7/2/19 at 7:54 am to Statsattack
quote:
Dartmouth) and booth ( u chicago
Where do you want to work OP? Those choices don’t make much sense. Graduate schools are no different then undergrad in that their feeder jobs are mostly local. If you want to live and work in Cali go to school there, if on Wall St go Ivy, if Chicago go Booth.
One reason to go MBA is if you want to change industries or career or location. It’s a much more in depth convo then simply ‘is it worth it’.
It would help to describe your current resume and what your future goals are.
Posted on 7/2/19 at 8:22 am to Statsattack
As soon as I opened this thread
Posted on 7/2/19 at 8:38 am to BitBuster
quote:
You will advance much quicker in the beginning and those 3 letters after your name will help.
If you're going to Tuck or Booth, you're not there to put it after your name on LinkedIn ETA: Sorry if that comes across as arrogant, just trying to point out that people in those programs would be using the school as leverage rather than the degree itself.
This post was edited on 7/2/19 at 8:45 am
Posted on 7/2/19 at 9:16 am to Statsattack
Probably depends on a lot of factors as others have mentioned, but those are great schools that could be difference makers for you. They are also expensive though and if you are going to have to pay the whole bill or go into debt you really have to take a hard look at your long term career prospects with and without the MBA.
Posted on 7/2/19 at 11:28 am to baldona
quote:
Where do you want to work OP? Those choices don’t make much sense. Graduate schools are no different then undergrad in that their feeder jobs are mostly local. If you want to live and work in Cali go to school there, if on Wall St go Ivy, if Chicago go Booth.
This is very wrong. Students graduating from Booth can work anywhere they want. The class of 2018 saw 19% end up in NYC and 15% end up in the Bay. Tuck graduates typically end up in consulting or tech--not Wall Street.
OP, think more about what industry you want to work in. Booth and Tuck tend to recruit better for consulting/corporate strategy than finance. Of course if you have your stuff together well enough to get in either of those schools you probably already know that.
It's an individual decision. The networks you'll build and the doors that will be opened with an MBA from a top school are invaluable, especially if you don't have an undergraduate degree from a traditional target school.
Posted on 7/2/19 at 11:45 am to tigercross
quote:
This is very wrong. Students graduating from Booth can work anywhere they want. The class of 2018 saw 19% end up in NYC and 15% end up in the Bay
Certainly, there's always exceptions. If you go to a top school you can certainly have your opportunities most places. But why go to Booth if you want to end up in San Fran or Wall Street? If you get into Booth, you can likely get into a school that you'd be better off in Cali or the East Coast.
Plus, it makes your life a hell of a lot easier as far as getting to interviews, projects, etc. if you are closer.
As far as networking goes, if you want Tech or Wall St why go to a school that sends under 20% to both of those and not well above 50%?
Posted on 7/2/19 at 11:47 am to baldona
OP listed two of the top programs in the world. Do you have the scores to be competitive?
Posted on 7/2/19 at 11:52 am to baldona
quote:
f you want to live and work in Cali go to school there, if on Wall St go Ivy, if Chicago go Booth
This is terrible advice. I work along side just as many Ivy, Booth, Fuqua grads in Cali as I do Stanford, Cal, etc.
Get into the best school you can. Top 10-15 schools don’t have local constraints.
Posted on 7/2/19 at 11:55 am to lynxcat
quote:
OP listed two of the top programs in the world. Do you have the scores to be competitive?
What does that have to do with anything? My career and business is already set.
I never said either of those wasn't great. My point still stands, I 100% of the time recommend going to the school that's geographically located where you want to end up.
He could want to work Wall St now and in 2 years change. He may have no idea.
Are you trying to tell me if he wants to end up in Cali then Booth is better then UC-Berkely or Stanford?
Posted on 7/2/19 at 12:04 pm to Statsattack
quote:
Top two choices are tuck ( Dartmouth) and booth ( u chicago).
Posted on 7/2/19 at 1:05 pm to baldona
I should have replied to the OP. Question was for him and not directed at you 
Posted on 7/2/19 at 3:03 pm to Statsattack
Do you think you could get into those schools?
Most of the top 10 programs have pretty extensive interview processes
Most of the top 10 programs have pretty extensive interview processes
Posted on 7/2/19 at 8:38 pm to Statsattack
quote:
Statsattack
gmat score?
Posted on 7/2/19 at 9:04 pm to Statsattack
What's your long-term earning potential without an MBA?
If it's relatively close to the post MBA statistics, I think you'll have a hard time making the numbers show that it's worth it (even an M7) to go full-time.
If you're doing Teach for America and plan to stay on the teaching route if you don't get an MBA (respect to those teaching, this is not a slight on you), your long-term earning potential is likely significantly lower than the M7 route. You're more likely than your high-earning counterparts to get need-based support, and your opportunity cost won't be as high as the software engineer who is making 120k. I think there's a better chance that you'll like the numbers you see.
Talk to anyone who's done a full-time MBA though - it's not all about the $$. Most value the life experience, new friends/network, time away from the office setting just as much as they value the long-term earning and career path benefits.
If it's relatively close to the post MBA statistics, I think you'll have a hard time making the numbers show that it's worth it (even an M7) to go full-time.
If you're doing Teach for America and plan to stay on the teaching route if you don't get an MBA (respect to those teaching, this is not a slight on you), your long-term earning potential is likely significantly lower than the M7 route. You're more likely than your high-earning counterparts to get need-based support, and your opportunity cost won't be as high as the software engineer who is making 120k. I think there's a better chance that you'll like the numbers you see.
Talk to anyone who's done a full-time MBA though - it's not all about the $$. Most value the life experience, new friends/network, time away from the office setting just as much as they value the long-term earning and career path benefits.
Posted on 7/2/19 at 9:41 pm to Statsattack
You get an mba for its connections and alumni network.
I have mine from LSU.
My company paid for it (exec program)
I’m as close with my group as I am with my undergrad friends.
I compared the program with Rice and Columbia. Travel requirements for both were obviously greater as compared to Nola -> Br vs HTX/NYC. The LSU network is far and wide, plus geaux Tigers.
As others have said, you’re considering two of the top programs in the nation. If you can get in to both that’s a huge congrats to you. If only one, you take the one you get into without question. Take full advantage of the opportunity and yes I think it’s worth the investment.
I have mine from LSU.
My company paid for it (exec program)
I’m as close with my group as I am with my undergrad friends.
I compared the program with Rice and Columbia. Travel requirements for both were obviously greater as compared to Nola -> Br vs HTX/NYC. The LSU network is far and wide, plus geaux Tigers.
As others have said, you’re considering two of the top programs in the nation. If you can get in to both that’s a huge congrats to you. If only one, you take the one you get into without question. Take full advantage of the opportunity and yes I think it’s worth the investment.
Posted on 7/3/19 at 9:27 am to Spitting Venom
Working professional MBAs will only continue to grow in popularity due to the opportunity cost of FT programs. For someone making $100K, the opportunity cost of a FT program is north of $300K for a two year experience. In WP programs, you also get two extra years of work experience, keep earning a salary, get raises and often promotions during the program. However, balancing work and school sucks and isn’t nearly as much fun as going FT.
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