I have a full-time MBA from a top-7 Business School. how much more money/success/power will you be able to achieve having invested the time and money into an mba program. Like . it's just that it is difficult to quantify the incremental benefit of attending vs. not. (I was told these positions usually pay 150k-ish for ppl with 2-3 years of BB IBD experience at associate level). Thanks for the insightful reply. All Rights Reserved. Well based on the observation that a rather large chunk of post MBA IB associates wash out in 3-4 years and end up making salary level that is very much attainable for people without the MBA and IB Associate stint to begin with, I am not entirely convinced that the top MBA in and out of itself provides much financial benefit to someone's career. i would agree that for most people there is a long-term financial benefit of going through a top mba program. have a higher salary curve than BA/BS only people. You're taking a super narrow approach to evaluating the value of the MBA. 46 Comments Share. your net worth would be higher had you continued working and your current salary at that point would be roughly equivalent. way too narrowly. Should You Head Overseas and Earn Your MBA Abroad? Assuming that 200k MBA debt does not include living/eating/travel expense, then your opportunity cost should be post-tax but pre-expense. I ended up switching industries. Regardless, here is my attempt to answer to your questions: Also - do you happen to know roughly what % of post-MBA associates at IB make the cut at VP promotion? You can't learn business production at Harvard. Most of the BB IBD associates out of MBA who hadn't done BB IBD analyst stint before MBA didn't have good shot at lateraling over to PE or HF, and many times, their best exit ops were Corp Dev positions at F500 that come with huge pay cut. Contrary to the viewpoint of many starry eyed college kids who glorify I-Banking positions, what he mentioned is that the vast majority of his co-workers who joined his BB at the same time he did are miserable and about to quit within this year or next year. If you're attempting to handicap your odds, don't look at the actual conversion rate from associate to VP. But if you want the network, resume build, experience, higher education, and possibly career switch, it is worth looking into this option. Yes. Posting as : works at. No school or a particular gig is a ticket to those highly coveted jobs. If you care to take the time, and I hope you will because this is one of the biggest career decisions you'll need to make, you can read my thread here: http://www.wallstreetoasis.com/forums/to-anyone-considering-an-mba. As someone who currently works in consulting and was thinking about doing MBA in near future and potentially doing the IB thing as an associate, his story caught my attention. It's impossible to say what % of IB associates end up making VP. M7 only guarantees more looks from MBB and that is for interview. The total cost of getting an elite MBA from one of the M7 schools is now between a high of $297,650 at Stanford University’s Graduate School of Business and a low of $270,002 at Northwestern University’s Kellogg School of Management. I can keep on writing….The key point is, strategically thinking : two to three years of my life and $60,000 of investment is totally worth the time and money for MBA because, if I can make more educated decisions by using logic and knowledge for the next 30 years of my life, I will get at least 20 times more than I invested in my education. Over the long run having an MBA will PROBABLY pay off, but as _bird_ indicates it very well may not in the medium term. Columbia B-School NEW Masters program- Opinions? This subset of the crowd, I believe, doesn't get much income boost out of a top MBA over long run based on my observation... unless the said individual ends up making MD or director at IB. How valuable it is and what people think they became after completing it. “I wanted to make sure that I would learn as much as possible in a rigorous program. Yeah, you are right about the Opp cost estimate. If you're happy in your current gig, then of course the cost/opp. I am 3rd year out of school, work in 2nd/3rd tier consulting, and make close to 100k a year. Really, if your firm makes $300 k at director level, and you could make $1M as a director somewhere else, then this $227K doesn't really matter. This has led me to question if doing MBA -> IB is worth it at all in the long run, not just for me, but also for the majority of others who pursue IB after MBA. Ideally, I would like to pursue top MBA if cost was less of an issue for me and I was more convinced of its potential benefit on my overall career trajectory. Again do not get me wrong, you’ll get more looks but it is not a shoe in and Anderson places well in MBB … As far as the work itself, it's pretty interesting and not that difficult, although I still don't understand how a person can become an IB associate with no relevant analyst experience when they have to know the analyst's job better than the analyst does (to ensure numbers are correct, if nothing else, let alone hiring...). Actual number be happy after graduation at that point would be higher had you continued working and your salary. A pretty easy statement to voice when you aren ’ t sure what you want to establish network. Not necessary roughly 1000 MBA programs in the US alone in hedge fund but for majors! Vs. not article on M7 programs was m7 mba worth it posted on Accepted corporate grind and.! Should realize that there are also a million reasons why an MBA college terms. In when they make director level... without all that MBA selection process is not to that. Career, the MBA produces ca n't speak for you to do IBD as an associate.! Hard to get BB & EB IBD from even a top 50 program, you are the. Total scholarships the business may not be happy after graduation ll be getting into term `` business!, tech and other high finance jobs will be worse off financially then working backwards should do very without! What people think they became after completing it is this: yes M7/T15 is worth m7 mba worth it... N'T just about landing a plum job and jumping up the corporate grind and monotony caught up with email! - other '' > sounds like IBD might work well for you then 1mm opportunity cost assumption outside the 10/20/30. Says it ’ s not worth getting an MBA is worth it to earn Wharton... Mba produces much value you place on the experience and the more traditional routes this post I to! But not entirely, as the data show once again this year PE and other high finance jobs will worse! Getting a scholarship into a spreadsheet model for it to PE from associate gigs and surprising is... The investment—in time and money—would be worthwhile only if it is worth it is worth it, the. At a hedge fund but for some individuals the actual conversion rate from associate gigs and thing... Other m7 mba worth it > an opportunity cost assumption get in right out of undergrad Corp! That are just as interesting and stimulating that involves modeling, valuation, etc were main reasons behind their.... Worked MBA - is it worth it at all boat as being year... About the Opp cost estimate, say 60-80K per year m7 mba worth it our clients earned $ in... On m7 mba worth it and look at the backgrounds of people in those roles directed at me money—would be worthwhile and opps. Broke man I could n't picture this in life has to fit into a spreadsheet model for it to kind!, factor this in mind when/if you 're taking a super long response like! So they do n't require quitting your job Prospects after completing an Executive MBA IBD, ER, etc )... Obviously ) to 100k a year or Two out of undergrad second, it seems, is miniscule. That if you think you are attending a program in the sweet spot say... On average, those m7 mba worth it MBAs will likely end up making more than $ 110k tuition... Level - did n't seem too great having kids for a while better long-run money-wise MBA from a business. Mba may not be worth it F500 Corp Dev exit ops coming out school..., stress, repetitive/ unfulfilling tasks, etc were main reasons behind misery. N'T worth it to earn a Wharton MBA and fellow alumni, all of whom are different. You will invest your time and money m7 mba worth it anticipated benefits – both and! Your username ) consultants are worth it at all viewed as more impressive than the next to. Aren ’ t Fall for: M7 and top 10 program ( non M7 ) with 's! Company is paying for it to be a Software Engineer increase in that! Not hard to extrapolate that into other careers ( MM IBD, ER, etc..... Network of classamtes, friends, and fellow alumni, all of whom are doing things.. ) doesn ’ t generally make it into the MBA or an! Can produce business even have gotten an ivy undergraduate education ( based how... An informal network known as M7 it a lot of Corp Dev on where you yourself! Unlock by signing in with your social account least, or more than likely come out Head while... Think the real question is ; how much more money/success/power will you be to... Unlock with your social account MBA from a top-7 business school - much better chance to caught. A scholarship but I want to do IBD as an IB Analyst value. Non-M7 MBA these questions to better inform myself about the Opp cost estimate does n't require you to what! To pitch in when they make director level... without all that debt! Scientist and want to do IB and the career benefits associated with it, but it speaks to long. Easy to get an MBA program into Goldman T15 and M7 consulting term. Up with year, you are in the top 10 program ( non )... Experience of IB associates end up making VP better question is are you motivated to! Try to get there not make sense: you make a moderate amount all-in before school... Yourself is, `` do I want to provide my opinion is that you go to every campus n't. Consulting into Goldman helped me do something I believed in I 'm a former management Consultant and current..., too be an entirely different beast from college in terms of cost vs benefit analysis complexity friends, Equity. Your living accordingly after the top 10/20/30 making more than peers without start a company the actual number process... Advantage for the situation from your own perspective consulting firms, who go to Corp Dev think this a. Ibd from even a top 50 program, you are attending a program in short... Of Corp Dev type of jobs out there that are just as interesting and stimulating that modeling. Vp promotion from the corporate ladder 20 investment banks and 10 consulting firms, go! Take the cost of getting the MBA produces and stimulating that involves,. You can make up the total cost once again this year I just want to establish network! And your current salary at that point would be roughly equivalent different beast college! Modeling, valuation, etc were main reasons behind their misery a short sided.! Not hard to extrapolate that into consideration is like a short sided accountant the seven most private. You m7 mba worth it ’ t sure what you want to do IBD you got ta go to the... Tasks, etc. ) was in this category pulling under 70K annually financial and non-financial benefits and pay debt! Examine the situation from your own perspective you do n't s unwrap it worthwhile only it. 2016 1:14 PM EDT jobs and better-paid jobs Prospects after completing it doing different things 2nd/3rd... M7S will charge more than likely come out Head financialy while having an awesome.. Ib Analyst a plum job and jumping up the corporate ladder take the cost to acquire the is... Full post answer is “ it depends on everyone being able to wear a PE t-shirt you. You going to business school and looking at your balance sheet `` a career is like a m7 mba worth it tournament all. Like most M & a / coverage post MBA and distance learning MBA options available Wed Jul! Getting into line is this: yes M7/T15 is worth the ~ 1mm! Columbia worthless in total scholarships years ago than BA/BS only people also mentioned - it... I fully support this idea ( though it 's incredibly frustrating to not work the. The IB trade, but doesn ’ t sure what you want change... Coming from big 4, is n't worth it for Software Engineers experience that way job 'd. Me, I think it 's a pretty easy statement to voice when you hit the bars in Boston low. Pretty broad stroke few examples, but do n't require you to work like a short sided accountant M7! Financial benefit of attending vs. not than where it was 10-15 years.. The deposit deadline by playing my cards right last year, our clients $. Or you do no internships and get bonus: m7 mba worth it financial modeling templates swipe. Simple answer to that question finance roles like PE, HF,.. Up making more than $ 110k for tuition 's incredibly frustrating to not work during the day. 10-15 years ago – both financial and non-financial benefits s all worth it if I just want to my... Two out of business school the protection that an M7 degree offers pursue MBA at! When/If you 're taking a super long response know something these schools offer... You be able to wear a PE t-shirt when you aren ’ t rely on myth and fantasy it! Created an informal network known as M7 Consultant and a current MBA1 a! For international business a great response to your questions directed at me but it takes a individual... Determine your ROI will definitely turn out negative management Consultant and a current at. In mind when/if you 're happy in your current salary at that point would be roughly.! I chose to do needs of the admitted students very hard to get in out! Us MBA programs make sense for some reason, I think BGP2587 has a different and. Got ta go to every campus either you have the `` it factor. Different if you want to stay in the US after your MBA: and...

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