Is MBA a good idea for me?
Hi guys,
Looked around but didn't find similar situations.
Background:
- Went to NYU stern for undergrad
- Currently in IBD at a small bank, M&A role
- Strong gmat score, 3.5 GPA, no strong volunteering currently
- Trying to break into PE, seen ~10 different shops, no offers
I am thinking perhaps I should jump into an MBA to get access to networking and recruiting. Time is not on my side because my GMAT is going to expire in a couple of years. The only thing holding me back is I already am a finance undergrad major.
Hoping to get your opinions-- is an MBA right for me or is it just a waste since I won't get much "education" given my background and would just be paying $150k + 2 years of life to get some recruiting opportunities?
If you want to do PE, you'll have a tough time landing a post-MBA PE job without pre-MBA PE experience. Given your background, I'd say an MBA is not worth it at this point.
Thanks for the advice, what do you think an MBA could transition me into given IBD experience and a finance undergrad? Or do you generally think it's not worthwhile at all for someone of my profile?
I would go for that mba. You have good stats. Go for it now and enjoy those 2 years, get some solid ECs and you should be fine
My original plan was to start applying now to the top schools, because if i can get in, it'll be a good experience and networking opportunity. In my mind going back to stern MBA or michigan MBA or something wouldn't be worthwhile. So if I don't get into H/W/C or something, I'll stick it out in the "real world"
Sound about right?
Yeah, I think that's probably the right mindset. If you can go M7, consider going for the networking and "break". But otherwise your opportunity cost is way too big.
Hm okay that was my mindset also. Thanks a lot guys
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