Going into Rx - Must I go to business school eventually?
So I am gonna be joining a top rx shop post grad (think PJT, HL, EVR, LAZ) and I am probably looking to continue a career in distressed investing (PE or HF) as it seems really interesting and exciting while providing a much more complex skillset that would allow me to transition back into traditional HF/PE work if I really wanted to leave that world. I kinda want to avoid business school if possible because it just seems like a really expensive 2 year vacation (just my opinion, wtf do i know) plus I have taken a couple of MBA classes as an undergrad. I really would just like to continue working.
The real question is if I will be pushed to go get an MBA by the firm I work at. I'm sure that at larger 'megafund' types that do distressed (Blackstone, Apollo and the like) most of the associates are definitely incentivized to go get an MBA but what about at some of the firms in the space that are less visible in the public eye (GoldenTree, Canyon, Crescent, Silver Point etc)? A quick LinkedIn search tells me a good portion of the individuals working at these firms do eventually go off to get MBAs, but are they likely to loosen their stance on MBAs in the future? I just don't really see why after a few years of picking up such a niche and detailed skill-set why business school would provide any value-add apart from appeasing LPs lol.
Too many what ifs when you haven't even started full time. I just don't see the point in being concerned about having to potentially get an MBA 5 or 6 years into the future.
yeah fair enough it'snot gonna really change what I do it's more just open postulation.
Understood, but in addition to not knowing where you'll be in 3 years, you can't really predict how you're going to feel about your career and an MBA. After 5-6 years in finance, you may just decide that you want to reset and start your own business or work in a sector that you enjoyed covering. You may decide you want a two year break before you go back to PE or whatever. For now at least, you don't want to get an MBA, thats fine. Nobody's going to force you to get one, and you can cross that bridge in another 3 years when you're deciding on what you want to do.
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