At a crossroads, 4 years in military, considering MBA

I'm 27 and have been in the army for a little over 4 years as an officer. I just returned from 9 months in Korea and will be promoted to captain in a few weeks. For years I've considered an MBA, I've been studying for the GMAT for a long time, and I plan to take it within the next 2 weeks.

I had a lot of time to think about where my life was headed and what I wanted to do while I was in Korea, and I concluded that 1. The army is easy money but I don't have any interest left for it, so either I'll quit or eventually be forced out due to poor performance (I would have around 2 years before then if it happened); 2. getting an MBA is the most practical/safest option if I don't stay in the army and at my current age of 27, I'm in the sweet spot to apply, and 3. what I REALLY want to do is start my own online business and move abroad to a low cost of living country (I calculated I would need $85/day to live comfortably).

I've been going back and forth on the idea of an MBA for a long time, but when I read the daily schedules of students in various b school blogs, it just sounded miserable to me, and I have little to no interest in finance or consulting which are the 2 biggest employers.

If I don’t go to b school, my plan was to start working on a business while I’m still in the army, and see where it is 2 years from now, when I’m 29. If I’m making enough money from it, great and I’ll get out and run it full time. If not, then I’ll get an mba – which would mean I would apply around age 30 and matriculate age 31 at the oldest. The consensus here seems to be that 31 is not too old to get an mba and a job afterwards for a military applicant, is this correct?

I just want to give myself a chance to succeed with my true interest (running my own business) even though it’s a low percentage play before having all my time and energy sucked up by an mba program. In the army, I have significant free time to pursue side projects. I also don’t think I need to get an mba to be an entrepreneur. If I went, it would be solely to find an income source outside the military and develop some marketable skills, which I feel I currently lack (I’m a military intelligence officer with liberal arts college degrees).

On the other hand, I’m facing a lot of family and social pressure to get an MBA now, and I don’t want to get to age 30 no better off than I am now professionally, just older.

I’d appreciate anyone’s input on my situation and thank you for reading.

 

Omnis est aut veritatis nihil inventore. Provident id iste aliquid earum quam provident doloremque et. Iste et architecto iusto aperiam. Sit esse quae voluptatum autem nobis quos.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”