When I say work part time I mean work part time in Finance or Industry, not part time at walmart or anything.
The advantage of FT MBA is so much greater than PT MBA but losing the salary is a hard pill to swallow.
Just wanted to see if any of you current FT MBA find it hard to work during the semester or not...
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There is no way to work at anything other than a VERY light internship during the semester at BSchool.
Source: We had someone that tried and it didn't work out well for his quality of work or his performance/ROI in school.
More common to do it in year 2 and is dependent on your career path. Grades don't matter and many people have FT gigs lined up so some of them start working at their FT place on a PT basis. However, most are wealthy, or pretend to be, and attempt to enjoy their remaining free time.
I don't think anyone did during the first year at my school. Second year is much more relaxed, so we had a few who worked part-time then. Most of them who did were in industries that didn't have "typical" OCR cycles (e.g. VC/entrepreneurship, real estate, etc.).
You could 20 hours a week if you had a strong background going in and don't place a focus on the social apects, e.g., just want the branding. If that's the case, you might want to double check your reason for going to b-school in the first place, but it could be done. I had someone from a top 3 program work for me remotely ~15 hours a week during his second year (he already had buy side experience and was not learning from scratch).
Knew a guy who tried to keep a middle market PE job while at HBS (~20-30 hrs a week).
He missed out on his first year of socializing and got canned by his fund for not being fully with it.
possible in 2nd year if you have an offer in hand
Pacman to ultimately answer your question you need to be full time taking out loans up the ass like everyone else or else if it were that easy to balance both everyone would do it lol
Hahaha! Yeah that reality is starting to settle in...
Thanks for all the responses everyone.
I do!
The essential is to find a place that is flexible.
work study at the bookstore bitch
Working during your MBA (Originally Posted: 02/11/2010)
Lets say one goes down the 2 years in IB--> 2 years in PE --> MBA -->PE etc... track. Since you will not be working at the PE shop during your MBA, what are you doing in terms of work? Do you try to find a part-time job somewhere to facilitate an additional stream of income? Or do you just do you just pursue your MBA and essentially chill? Obviously, you're gonna need to study etc... but when your not studying or in-class, I assume your relaxing?
If you want to work and pursue the MBA, check out part-time MBA programs. In regards to your question, I think you're pretty busy with recruiting, networking, studying, trying to find a summer internship, etc. I don't think you really have time to work. If you have a lot of free-time though, yeah, I guess you relax (or try to get a part-time internship, although I don't think many MBA students do it).
People who go to PE post mba don't go to Exec/part time MBAs. Its really a branding stamp for them (at least the ones with prior PE experience) and either a two year vacation, or two year recruiting process which is really a full time job.
Yeah it would definitely be a full-time MBA.
The top schools do not allow you to work while you're getting your MBA (except for summer internships). I forget where I read it, but one of the top school's FAQs literally says you are expected to be a full time student and not hold a job during the school year. I'll see if I can dig it up.
Here it is:
http://www.gsb.stanford.edu/mba/faq/
What is the structure of the Stanford MBA Program? How long does it take to complete the Stanford MBA education?
Stanford's MBA Program is a two-year, full-time, residential day program. It takes two years (or six academic quarters) of full-time study to complete the MBA education. The first year of the program consists primarily of general management requirements and the second year of the program is made up primarily of academic electives. You are not required to declare a major field of study to graduate from the MBA Program, but rather may choose among a wide variety of business courses to complete the degree requirements. Because of the heavy academic workload and commitment, you should not expect to work while you are enrolled.
Wow, I had no idea that was the case for some schools. Very informative post, thanks!
Do a lot of people, that are pursing PE, intern in the summer following their first year in the MBA program?
I know people at NYU and Columbia who worked at a bank part time their whole 2nd year because they had Friday, Saturday, & Sunday off.
The same thing as above for H/S. The first year is really really hard in terms of how to balance your time as you have many different fronts with a claim on it. During the second year, you could hold a part-time job - and you get many employers advertising PT gigs - but few, if any, people do it because either you already have a pretty decent job lined up or you rationalize that the marginal increase in income doesn't make up for the fact that you'll probably be working for a really long time and this will one of the few chances that you'll be able to explore something that you want to do while you're young without substantial trade-offs.
I think it really depends which school you go to- I read on www.businessbecause.com that 90% of the students at Villanova hold full-time positions while in school! (Note: this includes undergrads as well though).
Are you set on doing a full-time MBA? Another option I thought of would be a distance learning program if you wanted to work while getting your degree? The Open University is pretty popular for these types of MBAs. You can take up to 5 years to complete your MBA if you're juggling it with work and/or other commitments - or you can speed through and finish the course over 2 and a half years.
There's some huge tax benefits to working while you're in school. Arguably, the biggest one is that if you can find a smaller employer, you can get him to apply your earnings towards your tuition, thus avoiding a lot of taxes.
Honestly, an MBA at Stanford isn't harder than most engineering degrees, and I was able to work 10-20 hours/week while in school. Stanford is saying you shouldn't expect to work while in school, but if you are in school and have a lot of free time and want to make some extra money, you can essentially make it tax-free by paying down your tuition.
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