Kellogg PT vs Booth PT

Trying to decide between the two.

I'm pretty early in my career, currently in an investment management role I plan on staying in. I've already gotten my CFA.

Don't really need an MBA now - but given I'm in Chicago it's extremely convenient and don't think it will hurt.

I'm going to be paying for it myself -

While Kellogg isn't considered a finance powerhouse - they have an accelerated program I can finish in just over a year which would also save me some money. I know they also have a special Asset Management track for those interested in IM

Booth on the other hand obviously more well known for finance and IM, but would take 2.5+ years to finish and would be 50k or so more expensive

Appreciate any and all input - especially from anyone that has experience with either of these two programs

 

I don't get this. Why do you want to do a PT MBA when you're paying for the whole cost out of pocket? It's not worth it. If you want to stay in your firm and just want the MBA to help you move up within the firm/industry, then try to see if you company can pay for it (if not the whole thing, at least a decent chunk). If you're looking to make a transition and need access to internship recruiting, then apply to full-time programs.

 

Because I have the time to do it. And given my location I have the opportunity to do it at a top school. I don't think an extra qualification really hurts. Whatever it ends up costing I am sure I can earn many times over during the course of my career.

I have absolutely 0 interest in wasting 2 years and going full time.

More concerned with the merits of each of these programs than having the debate as to whether or not it's worth it

 

I disagree with the posts above. The value of the part-time MBA is maximized when you are happy with your current organization. Unfortunately, most companies are moving away from paying for MBA's even though they may place significant value in the degree. It's just a fact of life. I think you will get the most out of an MBA at Booth given your interests and background. If the program at Kellogg appeals to you, and you are just pursuing this to help you advance at your firm, one other alternative to consider is to wait a few years and do an executive program. Shorter and cheaper. Just a thought don't think you can go wrong regardless though.

 

Kellogg's Asset Management Practicum is OK. But Kellogg is extremely weak in investment management, with very few firms recruiting on-campus. Also I'm pretty sure that PT students can't participate in the practicum, and it will be nearly impossible to break into IM from the PT program.

OP, you clearly need to do more research on the value of a PT MBA with its strengths and limitations and how they align with your career goals.

 

I think the cost savings and time savings of the Kellogg program would put me over the edge if I were in your situation. You don't NEED the MBA anyways, and it's not as if you're gunning for certain jobs you'd be more likely to get out of Booth... Kellogg is still a well respected school in any industry and having an MBA from the school would clearly be better than no MBA. IF you don't think it's gonna hurt your performance at work then I'd do it.

 

Quick and extremely naive question: ignoring OCR and networking interactions, how would anyone know that you went through PT instead of FT MBA? I ask because I'm considering doing one myself (Kellogg's accelerated is one of my options, and given my industry is marketing-based Kellogg is the obvious choice). Would any employer really take the time to rehash the dates on your resume or is that easily glossed over?

Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

They can usually tell by seeing your resume since most part-timers will be working, so there will be an overlap between school and job. The exception would be if you say quit your job after you start the part-time program and manage to finish the program in 2 years, rather than 3+. For booth/kellogg, part-timers have to wear different badges when they show up to networking and company events.

 
Best Response
chicandtoughness:

Quick and extremely naive question: ignoring OCR and networking interactions, how would anyone know that you went through PT instead of FT MBA? I ask because I'm considering doing one myself (Kellogg's accelerated is one of my options, and given my industry is marketing-based Kellogg is the obvious choice). Would any employer really take the time to rehash the dates on your resume or is that easily glossed over?

Yes, an employer will be able to figure out from the dates on your resume whether it is a part-time or full-time program, if they care to look. Some might say that employers consider the part-time program less rigorous or less elite than the full time program, so that's a potential downside. But if you feel that you want to remain working while you are getting your degree, that possibility of someone nastily looking down his or her nose at your degree shouldn't sway you. I believe future employers like the resourcefulness of people who are able to juggle successful careers with an MBA course load, and sometimes even a personal life! I also don't think you should underestimate the networking in a part-time program. Your class would be filled with people already working!

Thanks for mentioning the accelerated part-time MBA http://www.kellogg.northwestern.edu/Programs/PartTimeMBA/About/Accelera… Looks like a cool option.

Betsy Massar Come see me at my Q&A thread http://www.wallstreetoasis.com/forums/b-school-qa-w-betsy-massar-of-master-admissions Ask away!
 
mbavsmfin:

For booth/kellogg, part-timers have to wear different badges when they show up to networking and company events.

That's really interesting - thanks for the insight.
Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

Sure thing.

A good friend of mine just applied to Booth PT; he has an interesting background and wants to break into IM. Also studying for the CFA. Not quite whether the program makes sense for him, but he will get full access to OCR once he's taken 12 classes.

 

Booth uses the same professors for PT as FT. It's my understanding that the PT programs at Kellogg have a separate faculty. I'd verify this with the school though. Also, PT students can participate in OCR at both schools. Obviously, you'd face the biases noted above, but most recruiting events are in the evening, so participation is possible.

"Just go to the prom and get your promotion. That's the way the business world works. Come on, Keith!" - The Boss
 

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