MBA confusion
I am a little confused about MBA timing.
Let's say someone graduates from college and works in IB for two years as an analyst.
Would he be ready to apply for MBA? (assuming 750 GMAT, 3.8 GPA, etc.)
If not, then that person continues as 3rd year analyst.
Would he be ready now?
If he is not fired then isn't is going to be promoted to be an associate then does it still make sense to get MBA if he want's to stay in IB?
The reason why I ask this question is because at schools like Wharton & HBS have median working experience of 5 years.
I know that people with only IB & PE background don't get MBA and that the actual process is more complicated than what I have described above. I guess my question is that if someone is going into IB then when would be a good time for MBA?
Come on dude. Lets stay out of the hypotheticals.
2 years of IB is not enough. choose one of the below combinations:
IB+PE IB+HF IB+Corp Dev IB+Start-up IB+NGO
There's no "set" path, but generally, you'll see people doing something for a few years after 2 as an analyst in IBD.
2 or 3 years of IB, then look to exit into PE/VC/HF or some other role for a couple of years...then bschool.
MBA doesn't make a ton of sense for someone that wants to stay in banking. There is some value in having two years 'off' of work, but you are forgoing a lot of income and spending a lot on tuition for something that isn't likely to add a ton of value to someone in a service oriented business like IB.
Of course there are other things that do add a varying degree of value...like prestige and network...but those positives aren't generally viewed as being great enough to offset the negatives.
Regards
It's smart to do two more years elsewhere after your Analyst stint, but not an absolute necessity.
Thanks for the chart, I feel it'd be good to go for the norm here since you'll be in the same age group as the majority of your peers and will have a higher chance @ networking/other shit people do together in MBA programs.
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