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April 30, 2024
9 Free Financial Modeling Lessons
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You’d need the firm to sponsor you to get into most good schools anyway. And I don’t mean financially. They’d have to basically vouch that they will give you the time you need to do it. I know of a fund that does this and is their strategy for retaining people. Don’t let them go away to school FT (unless someone wants to) and risk not getting them back
The green light from the firm makes total sense. As most PT MBA programs are ~3 years, its logical that the schools should want the firm's commitment that they'll allow the candidate to make it a priority. But to specify, the firm you're speaking of doesn't help financially at all?
Correct.
Unless a firm is paying you to do this, I’m not sure why you wouldn’t go full-time. Generally the allure of the MBA is getting to take 2 years off work and develop a network. Although I do understand a virtual COVID environment impacts this.
The allure of getting the mba for people who would go part time is advancing in a reputable PE firm and getting carry, not taking time off.
I get what you’re saying, I guess I should’ve added that I don’t understand why you would do it unless 1) firm is paying/supports you doing part-time and 2) the firm is saying it’s necessary to advance.
If only 1) but not 2) is true, then it’s a huge time commitment to do part-time on top of work “just because” for lack of a better word. If you’re already in PE, you likely already have most of the knowledge you would gain from getting an MBA and the primary benefit would be building your network, which the full-time program is better suited for. Understand there are more specific pros & cons in individual situations, but just my general opinion on a general question.
An old boss of mine was working in merchant banking yrs ago and did this, when he looks back he attributes this as one reason his marriage fell apart. He basically didn't do anything but work / study for 3 years.
So, if you have minimal personal commitments and dislike sleep, go for it.
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