Boutique & Part Time MBA?
Hi all,
Considering doing a part time MBA program (evening / weekend / hybrid) while working at a boutique. We are ~20 people. I am happy where I am at with regard to work life balance, pay, industry sector, team, etc and do not have any short term (>2 year) plan to leave.
For undergrad I went to a semi-target and had a decent GPA but sub 3.5 - GMAT score was 690, I could potentially study more and score higher, but I think I have a good shot of getting in at top tier part time program from a well regarded school (Kellogg, Booth, Ross, Stern, etc.)
Since I have no plan to leave, my thought is a part - time MBA would improve my chances of lateral hiring at the associate level, or help me make a move into something other than IB in the future. Obviously with PT I can continuing to work and have an income, and I will get firm financial support as well as senior support (i.e. can take time to study / can block off my calendar when I have exams to study for)
My other thought is the stigma of a part time MBA probably goes way after a few years, I am not competitive enough from an undergrad / GMAT standpoint to get in top 10 MBA. Not actively looking to recruit or switch jobs.
Don't think the networking will be as good in a PT program but I could see it adding some value.
Anyone have thoughts here? any pro / con I am not taking into account? Is this a logical plan? The alternative in my mind is to study more, see how high I can get a GMAT, and gain more experience and hopefully get into a top 15 or top 10 MBA program, but with what I outlined above I don't know how relevant that is to me.
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Hope that helps.
At first glance seems like an ok plan, but thinking about it you should probably have a clearer post-MBA plan.
I’ve never heard of of folks in IB getting an MBA only to return to IB- in fact I think there’s some post from a few years ago that lays out why it doesn’t make sense.
If you’re honestly chilling at your current job and would be content to chill there even for a few years post mba- then I would advise against getting the part time degree. I think most people see the mba as some rocket fuel for their careers either to pivot to a new competitive industry via the full time degree or to catapult their way to management in their current company/industry.
You note the ability to pivot at the associate level and again if you’re already in banking I don’t see why you’d want to stay in banking post-mba and/or why you’d need the mba to do that if you’re an analyst lateraling with some solid networking is more of a feasible (and cheaper) path.
I’m unclear if you need access to career services in your situation which is something to think about because each program is different.
So if I were you I would really think about why an mba truly makes sense beyond just simply having the degree. Furthermore it really only makes it worth it to pursue the degree from a T15 program in your situation because brand name would really elevate your networking opportunities.
If I were you I’d work another year or so at your current firm and apply for a full time T15 mba that way you get the full breadth of opportunities including PE/VC/HF if you hustle (you didn’t mention them, but just throwing them out there) and can explore other possible pathways in finance or beyond without a solid support network for guidance and networking.
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