Will I be too senior to go for B School as a investment banking VP
Thinking about sticking in investment banking (M&A) for another 3-4 years to save up for b school. At that point, I will most likely be a VP. Will I be too senior at that point for B school? Because, I come from a non-target so I think it would be good to have M7 school on my resume for the long term.
Sat in an MBA class and saw a lady, 50, having the time of her life and really enjoyed it. Hardly anyone cares about age nowadays, people care about the effort and quality of work
Why not go part time or executive at that point?
Really depends on what you want to do after. If you want to stay in banking then yes, it's a mistake. Unless you can work out an arrangement with your current employer, it'll be a very odd transition to leave as a VP and then rejoin as a VP in banking afterwards. Not impossible, but you'll be on an entirely different and personal recruiting cycle in the sense that you'll be going through 0 on campus channels.
If you're trying to change careers and assuming you're relatively young, then it would make more sense, but you'd have to come to terms with not only losing two years of salary in banking, which at your level would be $400-500k/year minimum, but also start out in a relatively junior role post B-School. I'd find it hard that you'd want to be an MBB consultant, PE is a tough transition and even then, you'd probably have to settle for either a Senior Associate role or maybe a VP at a smaller fund, and anything else such as Tech PM, Corp Dev, etc will be a massive paycut.
If possible, it makes more sense to leave as a Senior Associate, go to B-School sooner rather than later.
Outside of work related timeline, personally, I think the best time to go to B-School is between 26-29. Any younger and you're a little too young an inexperienced to really contribute or take that much away from the class/experience. Any older and frankly, it's hard to keep up with the lifestyle and unless you're a certain type of person, you'll probably feel a little old for all the shenanigans. Plus you're young enough to exit and "restart" into a new career or different role.
At the current timeline I would be made VP at 29 or 30, and was planning to spent the next 3-4 years saving up more. I'm ok with coming back to the firm as a VP or moving to PE as senior associate. For whatever it's worth, I will be a VP at a BB or EB, given that I'm planning to lateral from my current MM shop. Do you think It would be a problem? assuming my only reason for a MBA is to have a M7 school on resume lol. Second, if I want to go to Corp Dev or do something outside of high finance for lifestyle purpose, do you think I can still easily recruit for a director level position?
Don’t give up $1 million (opportunity cost + tuition) due to some bizarre insecurities you have. You already made it.
Sweet spot to apply would be your 1st or 2nd year as Associate, so 1-2 years rather than 3-4 years. As mentioned, as a VP you might end up feeling a little too old to engage in the degeneracy that happens, and the whole recruiting journey gets kind of fucked up and will bring a bunch of questions. I won't question your motive for getting the degree, as it appears as though the M7 brand name makes it worth it to you personally, to each their own.
If you're already saving money and intend on doing something in finance afterwards, I wouldn't think you need to "save up," and instead just invest most of your liquid shit/bonuses now and lever the fuck up to fund tuition. Even now, student loan rates are ~5-5.5%, so it's not too bad if you have other shit you would want to invest in rather than paying upfront tuition. This is assuming you don't join the Peace Corp after MBA and can make decent enough money to pay off the debt, which any reasonable MBA can do somewhat easily.
Assuming I'm in Chicago, can I do a part time MBA at Uchicago? If I can manage both work and school?
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