Would it be worth it to get two masters

I recently got accepted in the masters of finance (MSF) and masters of data analytics and information systems (MS ISOM) and it may be possible to do both concurrently and finish with both in two years. Would this have any additional benefit in getting a better entry or down the road to get into a Kellogg or Booth. I personally want to do both but if it is a horrible idea I don't want to. I already have the academic background and research capabilities to both and am not worried about the bad GPA. They are also at two different schools so id have a bigger networking (Id have to play around with transferring credits to each school, and do one online for two semesters and then in-person the other).

9 Comments
 
po_6

Is your plan really to get 2 masters degrees just for the chance to then maybe get an MBA just for the chance to then maybe get an IB associate job?

No i would work into IB right after I finish my specialized masters and would go for the MBA after 3 years of working in IB. I already have an offer from a smaller firm after the completion of a masters but believe I could make this into a better offer with a different firm with the next networking opportunities. I also think all that extra education would make me stand out more to the top 5 MBA programs

Here is a timeline to better explain 

Specialized Masters Fall 2023- Spring 2025

IB full time starting summer 2025

MBA 2028/2029

 

Nice in theory, bad idea in practice. Extra education beyond undergrad is essentially worthless to MBA programs. 

Re: upgrading firms - networking is great but the bigger IB firms have very regimented recruiting pathways and you won't be eligible as a "nontraditional" student. Just take your current offer and lateral. What are you looking for out of the MBA down the road? You should have plenty of exit ops out of IB.

 
NotGaryGensler

Why do you want to do TWO masters followed by an MBA? Why not just hold off for the MBA? What exactly is your goal with all of this?

Offer I have is contingent on getting a masters. Thought having a stronger educational background especially with masters would get me into a better MBA program down the road

 

Really no benefit to do both. Even one masters has dubious benefits for just about any finance job. What are you looking to get out of these?

if you want to do MBA (soon, or even eventually) a masters is a really bad idea and waste of time/money. Just get your work experience and apply to MBA. More education does not help for finance/MBA pathways and you are essentially starting from 0 right alongside a fresh college grad, even with 2 grad degrees. You need work experience.

 

Really no benefit to do both. Even one masters has dubious benefits for just about any finance job. What are you looking to get out of these?

if you want to do MBA (soon, or even eventually) a masters is a really bad idea and waste of time/money. Just get your work experience and apply to MBA. More education does not help for finance/MBA pathways and you are essentially starting from 0 right alongside a fresh college grad, even with 2 grad degrees. You need work experience.

Offer I have is contingent on a masters. 

 

I think you should do one. Use the extra bandwidth to network and build connections. Focus on getting a better offer from a bigger firm.

I think the benefit of two compare to one is very marginal and possibly detrimental, factoring the opportunity cost.

 

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