Rotman Part-Time MBA vs Ivey Full-Time MBA

Hope everyone is doing well in these uncertain times.

I was hoping you could provide some insight. I graduated with my HBA from Ivey and my JD from Western (dual degree) in 2017. I've been a practicing lawyer in business law since that time, but I've always known I want to transition into a business role (and only supplement my skillset with my legal knowledge, not actually practice law). I've been working at a Bay Street firm since I summered/articled/graduated, and am currently looking to make the move to an in-house legal counsel role.

I have also been considering doing my MBA, and I think I've decided it would be a good option for me, especially given that I want to transition to a business role (and less legal). I have two options that I am currently considering:

(1) Ivey's Full-Time MBA (8 months). This would be 8 months for me as I've graduated from their HBA program. The cost of the program is around $50,000, less any scholarships I may be eligible for. I'm going to start studying for the GMAT this week. I can start as early as July, but this would take me out of the workforce for at least 8-9 months while I'm at school, and I'll have to move to London.

(2) Rotman's Part-Time MBA (30 months, 2x a week). This would be obviously a longer program, but I would be able to continue working full-time (making decent money as a lawyer). The cost of the program is around $90,000, less any scholarships I may be eligible for. I could start as early as this upcoming August, but I'm not sure if that'll give me enough time to write/prepare for the GMAT (I believe the final application deadline is the end of June, and scholarship money is on a first come, first serve basis). Alternatively, I could wait until next August before starting and take my time to ensure I get as high of a GMAT score as possible.

The ultimate goal is to transition to a business role, as I've mentioned, but I'm not sure in exactly what capacity just yet. I am drawn to business strategy/consulting roles, but not the traditional consulting roles that take you out of the country every week.

Some personal information about me that I am factoring into my decision: I'm 28, I'm getting married in December, and we just bought a house in Toronto (and obviously have a mortgage). The house is about 15 minutes by subway to Rotman.

Any insight is greatly appreciated!

 

Quo itaque hic accusamus magnam ipsam et et. Quo veritatis ex saepe commodi.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
Jamoldo's picture
Jamoldo
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...”