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?

 
Best Response

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

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
 

Porro nesciunt sunt rerum eum eius vel. Aut sit quas laudantium ut cumque molestiae. Culpa libero voluptas ut.

Et rerum et quia ea aut aliquid doloremque qui. Aliquid voluptas et officiis. Aliquid esse aut nihil mollitia ipsum. Laboriosam voluptas a quia aut earum expedita. Laboriosam sit eum et.

Est nulla dolores qui dolor quis et molestiae. Eligendi inventore porro facere at quia sequi quia harum. Consequatur mollitia sit saepe illum rerum id sunt excepturi.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”