Do people in S&T ever do an MBA after a couple of years? If someone were to do this, would there career opportunities be similar to that of someone who'd done M&A for two years before the MBA? Could they then go into private equity for instance?
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Ye, why wouldn't they?
Many of the same opportunities (exception below) as far as OCR goes, but that doesnt mean that the skill sets are looked upon similarly.
Probably pretty unlikely. Unlike banking (in which an MBA can help you break in regardless of background), PE all but demands banking experience, even out of MBA.
Had a couple buddies in bschool who were from various BB desks and hedge funds and were completely sponsored. They had it made.
i think most of the guys that do are trying to get into hedge funds. i mean, once you're on a desk on the sell side, nobody really cares about what your education is any more, so there's not a whole lot of incentive to do an mba except for the possible exit opps - of which only HF's make logical sense for S&T guys to move into. PE/VC/I-Banking are fairly rare simply because of the lack of fit/transferrable skills.
I would agree with PE/VC part (for reasons above), but strongly disagree on the IB side. At the MBA level, most of the people wanting to break into IB are from non-finance backgrounds (engineering, ops, IT, everything really). Having an S-T background is an advantage over just about anyone short of those who did IB analyst stints. As long as you prepare for the interviews and your grades show that you're competent, background isn't hugely important.
S&T - MBA for non-finance major? (Originally Posted: 07/22/2015)
I spoke with an ex-VP in Investment Management at JPMorgan today who said an MBA was "a waste of time" for S&T and that almost none of the roles requires it or uses the knowledge taught in those programs.
When I spoke with other industry professionals earlier, they said an MBA is probably the best way to get in coming from another industry.
She also said retail trading performance means little and not even to bother mentioning it. (I scored high on S&T, broker, analyst match but not as much IB on a career assessment test. I also thought experience in equities and equity options trading would be greatly beneficial since not everyone has practical experience.)
Furthermore, it was my impression that a higher % of people receiving offers are MBA graduates and that MBA's are almost required in order to move up to say, VP level, with rare exception [discounting long tenure].
Can anyone speak as to the efficacy of an MBA? I didn't get into an Ivy, but I made it into top 25 due to a low undergrad gpa. I scored 730 GMAT and 164/170 GRE (92nd percentile).
Thanks
Bump
MBA is Stupid if already in S&T (Originally Posted: 02/08/2012)
If you're already in S&T and you plan to do S&T for the foreseeable future, isn't the MBA overrated and unnecessary? I mean, to spend 100K on a top MBA for IBanking/Consulting may be mandatory, but for S&T, isn't it a waste of money and time?
Depends. If you're doing VERY well in S&T, and you don't want to do anything else, then yes, it probably won't make sense. But if you want to transition into something else or get access to buyside recruiting, then a top MBA could be quite helpful.
What are your thoughts on London Business School's Master of Science in Finance for buyside recruiting and assuming the intention is to return to the States? Their program is only 10 months and I believe it could be substituted for an MBA. Say if someone did 6-7 years of S&T and then did the LBS Master's in Finance and returned to the States to work at a major hedge fund....I'd rather focus on nothing but Finance at a respected school than a top MBA here which emphasizes classes that I don't want to take and just adds time to the program. But what are your thoughts on this?
gets you to the buyside faster
This decision is entirely up to you if doing a full time MBA is advisable in your case or not. On how this would have an effect on your career we would advise you to talk to people in your industry. This way you can know the relevance of MBA in your field and how it will impact your future move. If finance is a roadblock you might wnat to consider online mba. Goodluck!
Vandy or Goizueta (Emory) for MBA assuming the goal is buyside in the South? With Emory, I could be done faster via the one-year MBA.
Sales and Trading - Business school? (Originally Posted: 01/08/2015)
Do people who do S&T at a BB end up going to business school (for whatever reason, e.g. changing careers)? Do they end up schools like Harvard, Wharton, etc.?
It's not uncommon at all. I have seen trading analysts/associates leave their seats to attend MBA programs for a number of reasons including changing career paths or being laid off. I would say it's more likely for younger guys/gals than for more seasoned professionals. The opportunity cost is much higher and there isn't a need for it.
Yes usually to switch out of markets, not if they want to stay in finance
^Like they said. A trader has little need for an MBA unless he's looking to not be a trader anymore.
I guess the OP was wondering whether a trader can get into the top 10 or so business schools as I have no doubt that a trader can get into a top 25 program if he is working at a BB. But then again, I'm only an incoming FT so what do I know.
yeah I'm more interested in hearing people's thoughts on what you COULD do by way of MBA programs.
For instance, if I've got a 3.8 at a semi-target school, 730 GMAT, top BB S&T, and good extra curriculars in college, do I have a shot at M7?
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