Added value of an MMS degree?
I just went to an info session a few days ago for a school that has an MMS degree (Master's in Management Studies). The amount of work experience desired for candidates is between 0 and 2 years. The program seemed largely for liberal arts students with no work experience, considering the curriculum looked alot like the business classes I've taken so far in undergrad. However, there were some business students in the program as well. Even though the program is only a year long (10 months), and could potentially give me another shot at recruiting full time (for entry level positions) would it be worth it to attend this program after maybe a year of work even if I plan on getting an MBA 5-7 years down the road anyway?
It's literally impossible to answer that question without knowing the rank/prestige of the school.
Fuck, getting a MSc in Sociology and Political Theory at Harvard will give you a better shot at a good finance job than an MBA at fucking Nebraska State.
It would be a Master's in Management Studies (MMS) degree at Duke.
Check out their employment and recruiting stats. I would assume Duke's to be pretty good, so then yeah, you would have another year of recruiting.
Depends on your options. If you have a decent/pretty good job offer I would take that, but if you went to a school with limited recruiting/alumni or you had a bad GPA or something along those lines, then yes, the MMS is a good option.
It really depends on the individual situation though. Duke has a great brand name, established program and very good placements year after year. For the right person I would consider it a very valuable degree.
So let's say Big 4 audit with a 3.2 from a top target, do you think it would still be worth it?
3.2 is fine. I am assuming you are aiming to bump your GPA for an eventual MBA? Duke is good brand name that wont dilute you since you went to a target. Furthermore, I would imagine you'd have an easier name networking with Duke alumni as they would be more accepting of you since you went to a comparable level school.
What are your goals? Like with your experience and Duke's name I can see you doing whatever you want. You can also hit up your UG alumni and get help from them.
I’m surprised that Duke MMS lets you in with a business-related major. I believe both UVA’s Masters of Commerce and Michigan’s MMS both excluded applicants with business-oriented majors and minors.
We had a discussion about Duke’s MMS not too long ago, and I remarked that their employment statistics aren’t very compelling. I believe average salary coming out of the program was in the high 50’s. Even the average within the consulting industry was Accenture usually start graduating seniors around $70k.
Big 4 audit is pretty solid, so you’ll have to weight your current offer against the economic cost (including opportunity cost) of Fuqua’s MMS. If you were to attend, what type of position would you expect coming out of it?
That's my current dilemma. I don't think I want to give up the offer I currently have especially since I signed already. My salary is higher than the cost of the program as it is, and I do have some loans to pay back. I want to break into Investment Banking, which I assumed I would mean I have to leave audit in less than two years to avoid being pigeon holed. If this was the case, I could still do the MMS program because I don't have "too much" work experience. This is assuming I can't make the switch on my own through networking. In essence, there are a lot of "what-if" scenarios at play here.
It’s a tough choice, and I think one could convincingly argue either side. I recommend speaking a recent graduate or someone currently enrolled in the program. LinkedIn should be able to get you a bunch of contacts. If not, reach out directly to the school, they should be able to get you in touch with someone. What you have to find out is what is placement is like for those seeking out IB. Their employment report says 5% goes that route, but I’m not sure if that’s due to self-selection or the lack of recruiting. If it’s possible to land at a firm that you've been targeting out of undergrad, then that’s a pretty strong reason to enroll. It would also boost your GPA for applying to business school later, and make you eligible for most 1-year programs (which have their pros and cons).
I'm currently in the process of reaching out now. The 5% is imo due mostly to self-selection, but I'm sure there aren't a ton of analyst positions they're looking to fill with these students either. The GPA boost would probably be the most beneficial but I'm not really sure if it's worth a year if I can get into IB on my own anyway.
Either way, thanks for the input!
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