Hello everyone! I'd appreciate your advice on this - I got into my dream business school (Chicago Booth) and need to make a decision on whether I should go. I have been working for four years now but I got a job that I like (Structured Finance) at a foreign bank with small US operations only about 5 months ago. If I don't go to b-school, I can get decent transaction experience in the next year or so, and potentially leverage that to get into a better group/bank (hopefully leveraged finance) in the near future. I would also be saving $200k and two years of my life. (I just turned 27 years old).
On the other hand, I am pretty much guaranteed a better job out of MBA if I go to Booth. The brand will add a lot of credibility for the rest of my career. I would probably look to do BB IB post MBA and then use that to get into PE/HF. But part of the problem is that I am not 100% sure about my long term career goals, which is also the reason why I am OK staying on current career path.
Any suggestions on what I should do?? B-school starts in less than 2 weeks so I need to make a decision soon! Thank you all in advance!
go to booth. you will make back the 200k throughout your career due to the connections and prestige of booth. you might even figure out a long-term career path while you're there. what were your stats?
Thank you. I went to one of the top 5 national universities for undergrad (Econ & Math majors). GPA: 3.5+ / GMAT: 750
The MBA will give you more options overall, finance or not, if you're unsure of what you want to do long term. Can you advance in your firm and group if you don't get an MBA and if you can would you want to stay doing that for the long term? And would exit ops from your current position be attractive to you if you want to leave in a few years and possibly be getting too old for an MBA? Just questions to ask yourself for your analysis.
I don't have an MBA and have made it pretty far but I am by far in the minority. If your long term goals are IB or PE (maybe HF but I'm not as familiar and haven't worked in them) an MBA is of great value.
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