Hey Folks,
Considering a Rutgers MBA as an attempt to transition in to IB. I know Rutgers has a certain reputation in the NYC area and a role at a BB is slim, but curious what the general industry's outlook on Rutgers is or if there should be ample more effort put to secure a spot somewhere like NYU. Of course somewhere like Columbia would be ideal, but 200K+ is a tough sell at this point in my life. Just looking to gauge those who are currently in the industry to see how limiting the degree would be.
Don't recommend. I think you should ask yourself this question, what justifies the cost of Rutger's MBA program?
The only reason an MBA is worth any money, is because it gives you exposure to different professionals and peers that will most likely become successful, in addition to giving you an opportunity to interview at competitive jobs. What you learn in an MBA is quite comical, the curriculum in many of these schools at top institutions is pretty basic. However, it's the previous two points I mentioned that make people grind their teeth and accept the costs of attending any MBA program.
Not to talk poorly on anyone that did a Rutgers MBA, but there's a reason why it's not that competitive, and that many people only apply to a select number of schools in order to get the most benefit from their degree.
If you're serious about breaking in, aim to break into Columbia or NYU. If you break into IB, in 3 years you'll have paid off your MBA debts.
People on this forum tend to think that any MBA that is not HSW, M7, T10, is a waste of money blah blah blah.
The truth is an MBA from WGU online can be useful if you are getting it for the right reasons. People will come on here and probably shit on Rutgers MBA program, the truth is it is worth it for some and not for others. For the guy just wants to get promoted to a Director level position at his local manufacturing company, a local PT MBA makes a ton of sense. The back office kid that can't seem to lateral to budgeting might also make great use out of a local MBA.
The problem comes when people try to use MBAs for things that the program is not designed to do. I would argue that trying to use a Rutgers MBA to get into investment banking is one of those things. If you go look at their employment report or speak to alumni of the MBA program, not undergrad, do they consistently send people to investment banking? Pretty sure the answer is no. If I were you I would take some time to understand how MBA IB recruiting works and then look for programs you would be interested in that are target schools for banks you would like to work at. Yes Columbia and NYU would be ideal but there are plenty of other schools that consistently place people in NYC IB (UVA, Michigan, Cornell, Georgetown).
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