31M - Full-Time MBA vs. Part-Time MBA? Looking for outside opinions
Looking for some outside opinions because I've been going back and forth on this decision for months.
I'm 31 and currently work as a Senior Manager of M&A at a large national wealth management firm. My role is primarily sourcing and evaluating acquisitions, meeting with founders, conducting preliminary diligence, participating in valuation discussions, and helping move deals through the pipeline. Before this I worked as a financial advisor, in alternative investment capital raising, and as an RIA wholesaler.
I'm currently making around $180k all-in, but that jumps to the $180-250k+ range with deal activity. Because of that, walking away for a full-time MBA would have a pretty significant opportunity cost.
One thing that's making me think more seriously about this is that my role has gradually started shifting toward experienced advisor recruiting in addition to M&A sourcing. I really enjoy the transaction side of the business and don't have the same interest in recruiting, so it's made me question whether I should double down on M&A through a full-time/PT MBA or just keep building my career while doing a part-time program.
If I went full-time, I'd probably target schools like Wharton, Columbia, Booth, Kellogg, Stern, etc. depending on my GMAT, with the goal of recruiting for investment banking. Not because banking is my dream job, but because it seems to provide the best training and opens a lot of doors later on.
If I went part-time, I'd really only consider programs that still offer meaningful on-campus recruiting, like Booth, to see if I can network/get recruited for a job that accelerates my career. My concern is whether I'd be giving up too much by not doing a full-time program.
A little more context:
- I'd be around 33-34 when I graduate from a full-time MBA.
- No kids and nothing preventing me from going full-time.
- My girlfriend is supportive of whatever I decide.
- I'm not really optimizing for work-life balance. My goal is to maximize long-term earnings and eventually get into a leadership role with meaningful equity or ownership.
My questions are:
- Given my current situation, is a full-time MBA worth giving up two years of income and experience?
- Is a top part-time MBA with OCR a realistic alternative, or is it still a completely different experience that wouldn't help me achieve my goal?
- Am I overestimating how much a full-time MBA and investment banking would improve my long-term trajectory given that I'm already working in M&A?
- If your goal was simply to maximize long-term earnings, which path would you choose?
I know I'm in a fortunate position already, which is exactly why I'm struggling with this. I don't want to walk away from a good career if it's already the right path, but I also don't want to look back in 10 years and realize I passed on an opportunity that would have significantly changed my career trajectory.
I'd appreciate any thoughts, especially from people who have gone through MBA recruiting or have had to make a similar decision.
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