Hi guys,
I’m currently going for an MBA at a mid-tier school; curriculum, faculty and student body are great. The point of going into this program was to break into IB but I wasn’t aware of the apparent target difference between T20 and everything below those schools. Additionally, I wouldn’t have gotten into a reputable school as I didn’t have enough experience coupled with a weak undergraduate GPA. However, I worked hard throughout this MBA program and my cumulative GPA is at a comfortable 3.8, thank God - I have a year left.
While some in banking said I’ll have a slight chance of breaking into BB IB programs, a mentor of mine from a top 3 business school said that i should give it a shot, network through LinkedIn and try to go for a second MBA at a top tier school in a couple of years if you really feel you need it.
What do you think?
I hear they're not a thing - I think searching online will tell you the same. 1 and done unfortunately
Uh, in my experience, a prior MBA is an almost an automatic ding at the Top 15 schools - it flies in the face of your essays of "why MBA", because you already have one!
Sometimes it happens with guys from like IIM or something, but honestly, coming from Wharton/Columbia/Booth, it is exceedingly rare and I've never met someone who has a prior MBA from an american school.
Idk, could you flip this to a M.Fin? Graduate now, work for a few years, then apply for a top MBA? Just anything to NOT have MBA on your transcript..
I wish. Unfortunately I can’t switch.
The only way this would work is if you just dropped out of your current MBA program altogether. Of course then you'd have to find a job that sets you up for a top 15 MBA then be able to explain what you've done the past year because admitting that you were enrolled in another MBA program previously probably automatically eliminates your candidacy for any reputable program. In short, you'd have to cut your losses now and destroy all evidence you were involved in another, non target, MBA program.
A second MBA is not a thing. At all.
this blows my mind hah. Yea just collect 100k MBA's until you get that front office job. That's the way to do it. Me? I just finished my 4th MBA so hopefully I will get that wells fargo internship now
I’m planning on going for 53 MBAs - one for each rejection
AFAIK Wharton does allow 2nd MBAs as an example, but you need to have a very good reason. "I fucked up my choice" is not a good reason. They care about their employment statistics remember, and someone having to do a second MBA because they didn't think things through the first time before making a 200k investment is not going to be a solid bet for a nice shiny PE post-MBA role for their stats.
Leverage what you already have.
are you actually willing to pay for 2 MBA's? That awful financial decision alone would make me not want to hire you to make financial decisions. you could just bolster resume with much cheaper options like cfa or something..
Drop out of current program is the only option. You won’t need to disclose on new apps and you will need a good story for the gap.
If you don't make BB IB, try for a regional boutique/LMM/even fortune 500 finance and eventually lateral up to BB. This is a common strategy.
Second MBAs are not a thing and your M7 chances are probably fairly low unless you can kill the GMAT. Besides, the opportunity cost and actual cost are way too high to justify it.
Could do k-12 over again, work for a couple years, and apply. Just a complete reset
You know any target k-12 programs, brother?
Maybe look into some target preschools?
Just get a front office banking job at the best place you can get into: apply to all the BBs, EBs, MMs, etc. and take the best offer. Check out the regional offices instead of the NYC offices, especially the regional offices closest to your MBA program.
You cannot do another MBA program, don't even try. Much easier to start as an Associate at a somewhat reputable name and lateral --- yes, this includes even the Japanese investment banks, etc. Just do banking somewhere.
Your best bet is to try to switch majors and get a different Masters degree within the College of Business at your school. Something like supply chain management or business analytics. Use that to try and leverage an analyst role in banking or any general industry role if you can't get into banking, and apply for a T25 MBA in another 2-3 years
no second chance at another MBA if you already have one.
It is extremely difficult to make a case for a 2nd MBA when you already have an MBA from a reasonably good U.S. program.
You can't do a second MBA in your situation. End of story.
If you can't flip this degree into some sort of masters, I suggest finishing this degree w/ the highest GPA you can get. Then, work your tail off to get into some sort of regional bank's IB role.
Once you land a decent FO role, if you feel like your CV needs a pedigree upgrade (which it sounds like it does), do a part time masters in something finance related at a T10 program. There are quite a few options out there if you look for them. This would help your network, pedigree and potentially help you to level up in your career. Just keep in mind, these degrees enhance your career BUT they don't 'reset' them like a traditional FT MBA from a top program does.
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