Hey guys have a bit of a unique situation I'd like some insight on.
I'm a PE associate nearing the end of my program and have been offered a senior associate / VP position at my firm post graduate school. I applied to a lot of different schools but was unfortunately dinged at HBS, GSB and Wharton for b-school but was accepted to Kellogg and Booth. I also applied to a few law schools (I considered a JD/MBA) and was accepted to Harvard. My fund is willing to foot the bill for tuition at either.
My initial thought was to take Kellogg (or Booth) as it sounds much more relevant to my career goals, but a few people I've spoken to (both at my firm and elsewhere) have recommended going to Harvard Law instead. Their reasoning was that the MBA is essentially a box to check for LPs and fundraising but doesn't add much value in the way of actual education, and the quality of the network falls off after the top 3 schools (the VPs and directors at my fund are almost all Harvard/Stanford MBAs). They say that there's a "halo" around the Harvard/Stanford name that's much more valuable than the tangible benefits of an MBA in an industry as competitive and prestige-obsessed at PE.
I'm still leaning toward the MBA for lifestyle and opportunity cost reasons, but what are your thoughts on this prestige angle? It seems like having a H/S degree is almost a requirement to reach partnership at a lot of funds and maybe the Harvard degree is worth it from that angle?