Okay, so I posted last week about my situation-low gpa, non target school, and internship experience at a fortune 50 company, NYC Asset Management firm, and small accounting firm.
How does an MBA from Baruch College Zicklin School of Business sound? My mother, and grandfather are alumni, plus my mother has been a guest speaker there during her days at KPMG, therefore getting in wouldn't be very hard. I've heard mixed reviews about Baruch-"its not a top 10" "its mediocre" etc... However I'd like to hear some honest opinions regarding the pros and the cons of their MBA.
Thanks!
What is your career goal? If you want to work in high finance (IB / PE / HF / IM), you shouldn't go to Baruch.
If you want to work in Corp Dev, Corp Fin, or something similar, I would look into other MBAs that are the same price as Baruch but not Baruch.
If you have a great economic situation if you attend Baruch and you are looking for basic corporate finance / strategy roles and don't mind taking a gamble on your MBA, then go to Baruch.
My career goal is to ultimately work for a HF and to someday be a fund manager. I have considered getting a financial engineering certificate or masters however the cost of getting either a masters or ct plus an MBA is very high.
I really just want to break into a hedge fund by hitting the ground running. I know my GPA isn't good but its not indicative of what kind of person I am.
Anyways, are you implying that a Zicklin MBA probably won't land me a job at HF or some top asset management firm?
Basically that's what I'm saying... You don't have any tangible work experience to warrant getting into that job right now, otherwise you would go about that interview process and land a job at a hedge fund. So, the alternative is to get an MBA to try and re-brand and take a second shot at getting into the hedge fund world, but the only problem is that Zicklin is not a top program and likely won't prepare you to work for a hedge fund anyway. In order to be well prepared to work at a hedge fund you would either have to go the traditional route (work in IB or Equity Research for a few years and then interview) or have a highly quantitative background at a top school and get in that way. The second option is already off the table, but that doesn't mean that all is lost.
I just want to caution you against taking on more debt and paying more money for an MBA that will not help you get a job at a hedge fund. Now if you want to just get a job working at a hedge fund doing some support function, that's a different story, but it sounds like you want to be involved in the investment decision making process. If this is your goal, then you can't really get there thru a Zicklin MBA, or at least the likelihood of success would be quite low.
If you really want it that bad, it may be a long road, but you could still get there. It would likely involve you doing a Master of Finance program and then joining a bank as an IB analyst or an Equity Research associate, then using the traditional headhunter process to gain entry to a hedge fund.
I will note that I am not an expert on hedge funds or the hiring practices, though I have several friends who work at HFs. I would consult someone else to see if there is a quicker or more direct route, but this is the most likely scenario I could see playing out for you given your current situation. Hope that helps.
One of my friends is a current Baruch MBA student. He told me he was the only kid in his 20's in most of his classes. Most of the MBAs there are older people who got barred from the top schools due to their age. For your situation, I would say go so you can reset your GPA, but don't count on the network there to land you a job in high finance.
Work hard, network, and be ambitious. The opportunities are there, but you have to work extremely hard for them.
If you are in-state it's not a bad deal. Even though its ranked near 100 in some rankings, I'd rather go there than most of the schools past 30 in US news. I'd say your chances of getting into a BB bank from Zicklin MBA are very slim, as opposed to somewhat slim from Zicklin undergrad.
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