Casual observation regarding people's opinions on b-school
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It is mainly for career switchers so I can definitely see their point of view. If you are going to spend about $160k and forego 2 years worth of your salary, it better give you a solid return on investment. Those already making even $200k a year could have a hard time justifying it.
MBA is considered for those who kind of want a "career reset". Right now I'm in accounting but would like to eventually be in PE/buyside. The best way to do that is "network, network, network". An MBA at a top school is a fantastic way to do that - it's not so much about what you learn there as it is about the connections you create and foster.
The major con's are 1) The cost and 2) The time. You are basically putting your career on hold for a year or two to do an MBA. You'll be in your late 20's and probably settled into wherever you are currently working. When push comes to shove it's going to be tough to fight that instinct of settling down. Not to mention draining away any savings you have and potentially taking on some debt.
Like everything in life - in the end it comes down to how bad you want it.
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