I've been checking profiles of bankers as well as of senior associates and directors of major PEs in London, and I have noticed that just a few have MBAs. Most have Master degrees done directly after undergrad. (Brits usually have just an undergrad degree). I was wondering, is it enought to have a solid master (LSE, etc) for being promoted into higher ranks in London? Will NY follow that trend? I've read, i think in NY Times, that more and more young bankers are opting for NO b-school and just moving up the ranks. Any comments would be great.
Trending Content - Business School and GMAT Forum
Career Resources
Yes, it is common in London. Undergrads go straight to IB and after three years may start to apply to PE funds.
I read that article also. The reason that these bankers were opting out of the MBA is because they had the opportunity to be directly promoted w/o the degree. These were candidates that had planned on staying in banking long-term, and, as the MBA is only useful for getting to the Associate level anyway, they saw the opportunity cost of the MBA (2 years + foregone salary) was not worth it. If, however, a candidate wants to switch industries, I still think the MBA will be useful. It also opens doors, regardless of whether one decides to stay in banking.
What about PE? i thought they required an MBA, but if you check the profiles of the people working there, they dont have MBAs.(frankly, i thought their profiles would be better, they werent all GS, MS, just regular folks from average IBs - i checked top PEs)
They were probably pre-MBA associates. Have you seen this thread?
http://www.wallstreetoasis.com/forums/carlyle-associates
1gs, 12ms, 1leh, 6ml, 5jpm, etc....
yeah, you are right, but still, not a lot of MBAs in the London office, i checked their website.
Reprehenderit et est ut quae a dolore corporis. Cum hic atque repudiandae ullam autem. Animi doloremque esse id voluptatum. Aut magnam non consequatur libero ut incidunt autem.
Occaecati nulla occaecati voluptatem occaecati. Perferendis libero aliquam sit necessitatibus eveniet eos. Eos deleniti porro totam adipisci voluptatem qui non voluptas. Voluptas ut aut quos molestiae veniam.
Doloribus laboriosam qui blanditiis voluptatibus explicabo non. Eum pariatur iusto omnis labore nam asperiores. Labore sit vel eum quia culpa iusto ad.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...