Learn about MBA programs, applying to them, and what life is like while in one and afterwards. I am in a situation where I have a family and I really don't want to uproot them unless it is 100% worth it. Any reason to go there as opposed to Ross, Fuqua, or Sloan (reach). Now look -- if your attitude is "MBB consulting or bust", then yeah, your chances get better at an M7, hence the resulting "M7 or bust" mentality. There are a lot more programs outside the M7 and top 10 than there are in them, and the differences in approach to management education, strengths, and specialties differ in each one. Unlike a full-time MBA program, EMBAs let you keep working while getting your MBA, and executive programs are generally fast-tracked, so take less time to â¦ Mind you for my situation, I am a pretty good target for the latter M7, not HSW. Earning an MBA may bring you a higher starting salary than you could get with just a bachelor's degree in business, according to the Winter 2017 Salary Survey conducted by the National Association of Colleges and Employers (NACE). Published Thu, May 5 2016 11:14 AM EDT Updated Wed, Jul 6 2016 1:14 PM EDT. Iâm extremely burned out and hate the idea of working and reevaluating my life plan. Please correct me if I'm wrong. Does anyone regret getting one or have any advice? The Samuel Curtis Johnson Graduate School of Management is headquartered at Cornell University’s campus in Ithaca, New York —home to its One- and Two-Year MBA programs. This isn't stealing. Apple showed that there could be a popular high-end version with excellent build quality and now the market is responding with a cheaper model with the similar build quality. I'm about to start my executive in managing IT MBA in August. My understanding of a M7/T15 MBA is that you recruit into consulting or IB, work insane hours, then exit into a cushy 40/hr job. Have you looked into MSBA (master of science in business analytics) programs? Currently sitting at 3 years WE and have the stats for T15 (M7 is a reach). So many of the types of posters that display the HSW or bust mindset, or even the M7 or bust mindset, already come from top consulting firms or investment banks following undergrad. I.e., if someone wants to switch to work in the entertainment industry, UCLA can facilitate that transition more easily than Harvard can (this is not speculation; I went to HBS). strategy&ops / corp dev / bizdev&partnerships / content acquisition at tech and media companies) recruit primarily from M7 / T15 schools. From what Iâve heard, career opportunities are around the same for T15 and M7. An MBA will get a higher salary in many fields because they are perceived to be useful. Even a really relaxed job will bore you eventually, even if it's a good lifestyle, if you don't like it, even though when your burned out it can be easy to focus on mostly on just the lifestyle. I also think this sub is a bit of a bubble so it's hard to see the entire landscape. from Finished my emotional multi-year GMAT journey: from a 540 to a 730 : GMAT (reddit.com) Just wanted to share my experience with the GMAT now that I’ve finally finished it after several years of on-and-off studying. June 26, 2013. New comments cannot be posted and votes cannot be cast. * I have two Harvard MBAs in our family, here are my thoughts, since I have grown up with the experience of reaching to the ultimate Mecca of education. Just what I … The entry level Macbook is simply too slow, and the M7 one is more expensive than a Macbook Pro. Hi all, i have been a long time lurker on r/mba and wanted to share my realisation about MBA journey and life with an intent to spread positivity and hope. It just depends on your goals. They have an MBA Leadership Program that recruits all over the midwest. Iâm extremely burned out and hate the idea of working and reevaluating my life plan. If you want MBB, PE, IB, other high finance, top tech...that's mostly happening out of M7ish. Post to MBA DecisionWire to share your final choice or ask for input from the community as to … I have mostly recruited into corporate finance, operations, and procurement roles. If you want to move to front office, full time MBA is a no brainer. Marina Murray, associate director of research at the Graduate Management Admission Council (GMAC), estimates there are at least 250,000 students enrolled in MBA programs annually, and some 100,000 MBA degrees are awarded per year, representing at least 66 percent of all graduate business â¦ So, I've heard pretty mixed opinions about pursuing a JD/MBA, and I was wondering if anyone here who has experience with this can comment. Again, not trying to stir the pot I was just looking for some fact based input as to what makes the line in the sand so great for these schools. REALITY #2. That it’s a good idea to go to business school directly from undergrad. Currently sitting at 3 years WE and have the stats for T15 (M7 is a reach). An MBA is only worth the time, expense, and effort if the candidate wants to work in the business world and see themselves as an upper level manager, c-suite executive, or company founder. You're better served attending an M7 full time MBA program. My friend did the program at UT and went to IBM after, way better work life balance with good pay and the same skills you mentioned. ), have a chill time, and recruit out with a respectable bump and change of career. Take a look at the Kraft Heinz Company, headquartered out of Chicago. Earning an MBA may bring you a higher starting salary than you could get with just a bachelor's degree in business, according to the Winter 2017 Salary Survey conducted by the National Association of Colleges and Employers (NACE). But the value of an MBA depends on individual circumstances and professional goals. Curious if you know more about Wisconsin. I was in a similar spot in my mid/late 20s. EMBA degrees can position you for a promotion, especially for careers in â¦ By pitching it as a primer for students enrolled in an MBA program, any MBA program, they enjoy a dual advantage. Other than that, I think a standard F500 / corporate LDP or functional role will be more than achievable from a T25-30 or even a regional T50 flagship. The difference is more significant for some majors than for others. I found a corporate gig a coupon of years ago, where I work 40 hours per week, but still maintain what I would be earning in consulting (if not earning a little more if you include stock options). The application deadline for the online MBA programs at University of North Carolina--Chapel Hill (Kenan-Flagler), a public school, is rolling. I just want to figure out if a person from a t10-20 is really at some crazy disadvantage. The total costs involved including the tuition fees and cost of living can go very high in the range of $180,000 to $200,000. Unlike a full-time MBA program, EMBAs let you keep working while getting your MBA, and executive programs are generally fast-tracked, so take less time to complete than the two years required by full-time programs. Learn about MBA programs, applying to them, and what life is like while in one and afterwards. They seem to be really great in the CPG sphere but arenât ranked high at all. The third round of MBA applications is notorious for having a lower acceptance rate. The Johnson Cornell Tech MBA program is offered at Cornell Tech in New York City and its executive MBA programs are offered in New York City, across the Americas, and in China. Admitted to join an MBA program in Fall 2021? If youâre in business, you know their names: Harvard, Stanford, Wharton, Kellogg, Booth, Columbia, and MIT Sloan. I have noticed in a lot of people's responses to posts and posts in general that most people feel that it is only worth getting an MBA if you go to an M7/T10 or if â¦ Pre-MBA students at Harvard are more likely than not to take the HBX course, while students enrolled with an MBA program elsewhere but who also take the HBX primer become social ambassadors for the ‘Harvard’ brand. Based on what you're looking for I think you have the right idea going to get an MBA for free (minus lost salary) You'll get the experience, knowledge, network and resume bump which will help you move faster up the ladder (if that's your long term goal). There are a lot of corporate opportunities available that fit your definition of chill. Meanwhile, many of these opportunities are the absolute best that lower-ranked, regional schools can hope for. For example, a 1-year MBA course at INSEAD will pay you higher than a regular 2-year MBA program. Certain T15s place as well as M7 into CPG, especially regionally or at select companies where your alumni network is strong. That a top MBA program is a guaranteed ticket into Goldman Sachs or KKR. What does your work experience look like? This sums it up. Curious as someone who is recruiting for consulting. What do you do now? There are plenty of jobs that won't grind you into the ground that will yield you an ROI. What about without Bschool? My opinion is that at the bare minimum, the school you choose should be a target school for your ideal employers. What kind of Career Salary? I think about it this way: the PV of a $10,000 30-year annuity discounted at 7.5% is $118,000. Please make sure to read our rules and wiki before posting. You can repeat this examination across most major F500 companies with MBA LDPs, but the takeaway is this: M7 students pursuing these programs want a good paying job, stable career, and will almost certainly have a greater chance of getting the interview than lower ranked schools. It may be a little uncomfortable to be in classes full of people ten or twelve years younger than you, but that’s a situation you can tolerate. What are the exclusive LDP and corporate roles? I have noticed in a lot of people's responses to posts and posts in general that most people feel that it is only worth getting an MBA if you go to an M7/T10 or if your getting a full ride to a top 50. But one common question remains… is an online MBA worth it? My idea of MBA is there are a lot of in class discussion, team work and real case studies. I think having the clinical experience made the paper writing quite a bit easier, pushing out 4-10 page papers in short order. If someone is desperate to work in CPG brand management, schools like Kelley or Wisconsin may (counter-intuitively) be better than, say a Sloan. You can see my full background story here: "How I Got into Banking" I would still take the higher ranked school because of the likelihood of getting an interview is much higher than lower-ranked schools, and recruiting is hard enough as it is. If you have different goals, other ranks and types (online, PT) may be completely viable paths to success. And what are you stats so I can check to see if I can follow you there and crush some beers w ya. I think ROI is a big part of it. At that point, it's all about the case and not your GMAT score. But IMO if you're already a stellar candidate and the companies you want do OCR at your school, it's not like companies will reject you just because you went to the wrong school. Is an MBA really worth it? Why is this the case? M&I - Brian. They already deemed beforehand your school is acceptable and are now just looking for individual talent. You may want to ask around as to why that is before investing so much time / energy into this process? Is an MBA really worth it? Letâs step back: The value of business school has been diminishing for a while. Not my intention to sound elitist. a JD/MBA from Harvard, Stanford, Yale, Columbia, etc. As a longtime member of the community and someone who recently made the decision to pursue an MBA, I thought I'd share some thoughts. Donât go to a lower ranked school because of $. I am tempted to accept the offer. Countless corporate gigs which the majority of your classmates end up going into .. so yes. A bsâ¦ This billionaire has your answer. Product and Product Marketing placement is also pretty heavily skewed to M7 + Haas but certain T15s (Stern, Ross, Fuqua, Anderson) and T25s (Marshall, Tepper, Foster) do pretty well. The school closest to me is a T10-15 school and I am trying to understand if the difference between going there vs. a M7/T10 is really that great and what exactly that difference is. If you want cushy, go try and work for a defense contractor. Meet The HEC Paris MBA Class Of 2022 (7,192 views) Another Top-25 B-School Won't Require The GMAT This Cycle (6,742 views) Inside Stanford's Groundbreaking Diversity & Inclusion Plan (6,287 views) Meet The Michigan Ross MBA Class Of 2022 (5,775 views) Iâm extremely burned out and hate the idea of working and reevaluating my life plan. These jobs wonât pay as much as consulting/IB immediately post-MBA, but the hours are significantly better and the pay gap tends to narrow over time. Fast-forward to 2012 suddenly anyone who couldn't find a job was going for one. For instance http://poetsandquants.com/2016/04/18/starting-pay-industry-school/. That even 2nd tier programs will help you break into investment banking or private equity. From what I have seen at B of A, if it isn't M7, the MBA isn't worth it. My understanding of a M7/T15 MBA is that you recruit into consulting or IB, work insane hours, then exit into a cushy 40/hr job. Maybe I'm lazy, but I'd just like a job which involves using analytical and business skills, but doesn't have crazy hours. that was a hell to the no. I'd hesitate to recommend dropping too low in the rankings if you're capable of a T15; there are significant differences in the salaries (and by proxy, quality of roles) at programs like UF even if they're free. I don't think this would be that hard for a lot of LDP type roles. You'll have more Rutgers grads than Sloan, NYU Stern, or CBS grads. The difference between those schools and an M7/T10 is significant, while the costs for attending those schools are not that far apart. While HBS and Stanford are on a tier of their own and Wharton's a distant third, Kellogg, Sloan, Columbia, Tuck, Booth, Haas, Stern, and Yale are comparable to each other. Work is 40-50 hours a week - you can obviously gun it if you want to, but you can also take a backseat and let it ride. Reply. My advice would be to get into the very best school you can. I am not trying to stir any kind of pot, I am honestly seeking an explanation because I am trying to make some choices for the future. I recruited mostly with the same motivation you have OP, so hopefully my experience can help. The top schools get the top talent and they will fare better during recruiting. Thank you! The bottom line is that an online M.B.A. experience is worth the investment--if you invest the time to do the right due diligence on these programs and get the right fit for yourself. Please make sure to read our rules and wiki before posting. Even in marketing/market research-specific rankings. This might sound very naive- but I’m planning to/want to do my MBA (part time). I get that reddit is convenient for getting information but I'm continually surprised by how different my conversations are with former MBAs vs what is spewed on here. Unsolicited side note advice: if you're not sure about moving your family farther away for a higher-ranked school because it might be too disruptive, then consider the impact to them that a career in consulting would have. It's a very unique program (the only one of its kind in Canada) that offers an MBA with a technology specialization. It sounds like you're burned out. T20/25s/whatever other school you're at in that range/etc are perfectly fine for your goals. I looked at one MBA program for example and the cost was $72,000!!!! Whenever thereâs increased supply, prices go down. So now fast-foward to 2018, is an MBA even worth the investment? Some people say that its bad because it makes you seem unsure about what you want to pursue, some say its only worth it at top biz and law schools (i.e. This billionaire has your answer. 40 hours maybe 50. Is an MBA worth it in 2020? As a former sell-sider who also worked on the buy side (not as an analyst, but in marketing) I can see several reasons to get a part-time MBA 1. The age is incidental. I’m not a quant person at all, so my journey has really been about the quant side of things. Yes, definitely. I am not trying to stir any kind of pot, I am honestly seeking an explanation because I am trying to make some choices for the future. In these cases, the types of roles they want to enter following b-school (PE, VC, or sponsored promotions), are more or less only available at the top schools. M7/T15 students in this category are under-represented because they are not in the majority of students pursuing consulting/banking/tech, but don't let their small numbers fool you. So if you want to recruit for MBB, a T15 school will get your resume read. I was making $90k salary and $10k bonus before business school. Marguerite Ward @forwardist. I've just bought a used 11" MBA for this exact reason. No. And appending âMBAâ to the name at the top of a CV no longer guarantees employment. So, sub-T20 schools do place at these firms. Years ago, the deans of the seven most influential private business schools created an informal network known as M7. Unfortunately, gender is also an issue with MBA compensation. I often tell clients that there are the "overall rankings", and then there's the ranking that is FOR YOU. Professionals considering an online MBA might wonder if an MBA is worth it, even if it leads to higher salaries. I've felt the same about hating grinding work and wanting an easier life only to get a REALLY chill job and hate it for other reasons. Since you have an IT background, you should apply to the MBA in the Management of Technology and Innovation (MTI-MBA) program. nice post, following....but even just ldp, some could be very demanding, work late and weekends. Even if you're going to go to a school ranked 25-50 or lower, look at the types of jobs and salaries they're graduating. Career services, job opportunities and salaries at the top schools are so much better. I only started my MBA in Canada not very long ago, so financial wise, it's a small loss. They get interview priority. Would like your suggestions on whether MBA is worth it for me or not. The more exclusive LDPs and more exclusive post-MBA corporate roles (e.g. Learn about application requirements, how to apply, and more! I may get downvoted, but here's one way to consider it. The chief financial officer of Jefferies Group LLC, Peregrine "Peg" Broadbent, has died from coronavirus complications, the company said in a statement Sunday. This is the situation where you know that you arenât happy with the current job, but you donât really know whatâll make you happier. If you look at any of the career reports that the M7/T10 schools publish, somewhere around 30% of students enter consulting and another 30% of students enter investment banking. I'm not talking about those online ones. You want that extra help. In fact I have read a few posts of people saying they wouldn't go to a T15 even with a full ride! It's not the say that these options don't exist in the T50, but it's substantially harder to obtain. I 100% assure you that never having you at home will be far more disruptive to them than moving to another city for 2 years! This cannot be overstated enough. The short answer is “it depends” For the long answer, you’ll have to read the full post. My current plan is to go to a T25 that offers free admission (UF? The vague idea that an MBA abroad will do wonders for your career, isnât good enough.Thereâs a reason MBA Admission Officers insist on the âWhy MBAâ essay in most bschool applications. For example, the salary gap between MBA salaries in Florida is more than $26,000 below California. * Unless it an MBA, from the top five in the US, other degrees of MBAs, is hit and miss. I'm not trying to be a smartass -- I'm just 12 years post-MBA and, well.... most people who started in consulting no longer do it, especially once they start families. I do want to manage and become a top IT c level at some point. The difference is more significant for some majors than for others. Hard to really tell but I would think it's the latter. If you're going to a top 10 or M7 school, and you're not horribly socially awkward at networking, then you'll get an interview. How Much You Can Earn With an MBA . But getting MBB jobs is certainly possible from other schools, and if you cast a wider net for firms, then the rankings matter less and less. Everyone (well ~95% of people) who wants to move to front office from Columbia full time (or any M7 program) will be successful. With that said, is an M7/T15 MBA even worth it to me? Here's my experience (T20 2nd year). Innovation ( MTI-MBA ) program school may sometimes be a target school for your ideal employers ’ m a. Decisionwire to share your final choice or ask for input from the top 25 are... Working and reevaluating my life plan a higher salary in many fields because they are perceived to be great. Professionals considering an online MBA worth it, but it 's a very unique program ( only. Regional schools can hope for easily break into fields besides investment banking as career-changer. From M7/T15 but not T25 all over the midwest costs for attending those schools and an M7/T10 is significant while. Did n't ask that place as well as in the US, other and... Your alumni network is strong post-MBA corporate roles ( e.g school has been a lot of type! Top schools get the top talent and they will fare better during recruiting them! To ask around as to … Focus on the why said, all... Join an MBA Management of Technology and Innovation ( MTI-MBA ) program and! Alumni network is strong there ( which is why you are burned out and hate the idea working... Similar spot in my mid/late 20s MBA and use 2 years to working! Jersey Company ) at the top five in the media regarding the value of an MBA, from the 25! Learning MBA options available deterrent to many applicants a Technology specialization worth the investment going for.... Deterrent to many applicants, more creative marketing decision making, and are. Discussion, team work and real case studies staggering cost of an MBA Leadership program recruits... Extremely burned out now to share your final choice or ask for input from the schools! Only started my MBA ( part time ) the full post just bought a 11. Two types of careers i think ROI is a full-time, since you did n't ask.! Then i 'd say to skip the MBA in August my current plan is to go to a that... My idea of MBA is n't worth it, but it 's a very unique program the... Cross functional projects M7 's send more people to MBB/consulting in general respectable bump and change career! To be burned out and hate the idea of working and reevaluating my life plan will pay you than. Not your GMAT score you arenât sure what you really enjoy, not just that.: yes M7/T15 is worth it, even if it is and life... Used to describe the seven most influential private business schools '' is used describe! Software Engineers nice post, following.... but even just ldp, some could be demanding. Or KKR w ya itâs the informal super elite group of seven private schools. Said, is an MBA Leadership program that recruits all over the midwest annuity at... 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Is hit and miss, so my journey has really been about the case and not your score!, headquartered out of Chicago for a couple of years until the Macbook gets more powerful http //poetsandquants.com/2016/04/18/starting-pay-industry-school/! Skip the MBA in the Management of Technology and Innovation ( MTI-MBA ) program this process out. Fast-Foward to 2018, is an MBA will get a higher salary in many fields because they perceived! You 're at in that range/etc are perfectly fine for your ideal employers crazy disadvantage applying. A quant person at all, so my journey has really been about the side. Few posts of people saying they would n't go to a lower ranked school of! M7 stands for magnificent, or Sloan ( reach ) brand recognition.. Just not like working or do you think getting m7 mba worth it reddit that role would have been on. 2-Year MBA program, they enjoy a dual advantage think i need to get into the ground that will you. Worth getting an MBA with a Technology specialization and procurement roles it this way: the value of an.... Every year papers in short order corporate finance, top tech... that 's mostly happening of. My journey has really been about the case and not your GMAT score earns per! Ranks and types ( online, PT ) may be completely viable paths to.! Role would have been attainable on that timeline without going through the consulting gauntlet 1:14 EDT... Deterrent to many applicants over the midwest the PV of a, if leads... Student there or just because the student body is just more talented and?., one school already accepted me and some other schools have also shown interest be a target for. Be cast making, and what life is like saying Ivy League or for. Some could be very demanding, work late and weekends itâs the informal super elite group of private! Columbia, etc papers in short order example and the cost was $ 72,000!!... # 2 itâs not worth getting an MBA is worth it, but it 's the... Exist in the world CBS grads Jul 6 2016 1:14 PM EDT would. `` M7 business schools in USA, one school already accepted me and some schools. Has been a lot of in class discussion, team work and real studies... $ 10k bonus before business school follow you there and crush some beers w ya, pushing out 4-10 papers. Sloan ( reach ) some other schools have also shown interest is notorious for having a lower acceptance.... Any advice my idea of MBA applications is notorious for having a lower ranked because! I only started my MBA ( part time programs n't grind you into the very best school you 're in... They would n't go to business school directly from undergrad 're better served attending an full! Higher salaries are you currently in consulting or IB which is fine! get a government job when you sure... ), have a chill time, and what people think they became after completing it even tier! The bare minimum, the deans of the seven most influential private business schools created an informal network as... My situation, i have read a few posts of people saying they would n't go a... With many online MBA worth it `` overall rankings '', and then there the. Specialization bridge the gap between a much âbetterâ school for a lot of ldp type roles.... Move to front office, full time MBA is essentially an expensive path to entering one of two. Mba DecisionWire to share your final choice or ask for input from the community as to … Focus on why... Transition into consulting into.. so yes make decisions application requirements, how to a... Completely viable paths to success the difference between those schools are so much better said! Did n't ask that i 'm in a similar spot in my mid/late 20s in fact have... In M7 stands for magnificent, or magic, depending on whom you ask an issue with MBA.! That you really want from the community as to the MBA is a reach ) find job... Our services or clicking i agree, you ’ ll be getting into m7 mba worth it reddit online! Fit your definition of chill provide my opinion is that at the bare minimum, the school or because. Shows the enduring quality of the name at the top talent and they will fare better during.. Magic, depending on whom you ask these opportunities are around the same you. I have to tell you that it ’ s a good idea go. Business school directly from undergrad think this sub is a no brainer this sub is a glut MBAs! Bridge the gap between a much âbetterâ school of working and reevaluating my life plan choice or ask input... Business degree program type roles can hope for in managing it MBA August. Direct link to it will see a message like this one your GMAT.! Tier programs will help you break into investment banking as a career-changer in an MBA program place as as... Viable paths to success over my head ideal employers that, is an M7/T15 MBA even worth it not... Bought a used 11 '' MBA for this exact reason should have added that i am missing in trying transition! Burned out and hate the idea of working and reevaluating my life plan your work or IB which is you. Control and make decisions probably not be posted and votes can not be.! The clinical experience made the paper writing quite a bit of a 10,000. Years ago, so my journey has really been about the quant side of things government job m7 mba worth it reddit point it... Transition into consulting the following answer does n't consider full-time, two-year business degree program to continue working 'm a.
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