Is it practical to get an MBA?

Question

Hi everyone!

I am a second year IB analyst at a BB in NYC. Recently had a chat with fellow analysts about potentially getting an MBA in 2-4 years. I would love insights esp from those who've attended biz school on the role that it's played in your professional/personal trajectory. I think I would enjoy VC in the long run but would also be open to exploring Corp dev roles, start ups etc. In short, I am not exactly sure what I'd like to do after banking/PE and think that getting an MBA would help me explore different business careers/diversify my network.

Anonymous Monkey · Accepted Answer

My approach to education and degrees is to be creative how you can use that, as an example people from around the world come to your MBA you can profit with that by discussing with other colleagues of opening a business in their country or establishing international partnerships. Hate on me, but as horses have those things across their eyes so they can see only what's in front of them, that's how I see all the people who go to MBAs to get into consulting or IB. Always stay creative of how you can use such opportunity and you will see the use of it.

zeroebitda · Answer

3 reasons to get an MBA: 1. to rest and reset 2. to rebrand and broaden network 3. to pivot from one career to another

eloquence · Answer

I think you should try to figure out roughly what you want to do before spending the money on business school. First, to make your applications more focused, and second, to make sure you're involved right away in relevant orgs and pick the right school. For example, GSB is the natural choice for both VC and start ups, while corp dev your best recruiting will be from your analyst role, the MBA is not important there. Where are you headed after banking?

Start thinking about how to differentiate yourself to these schools.

imsurance · Answer

I got my MBA to get into IB but my peers coming from IB did it to get into better PE and VC funds than what they thought they had access to alone, for future branding, and for a 2 year vacation.

With this in mind, if you go to a target school already its probably not going to help you for branding. In terms of exits, some got into better, some got into similar, and some got into worse funds. The vacation aspect though speaks for itself and is highly valuable from what I gain from the hours they worked.

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Is it practical to get an MBA?

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Is it practical to get an MBA?

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