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I am 27 yrs old and have a 2.9 GPA from a Top 50 State University where i majored in Finance. I worked and paid for all my schooling until my final year when i had to drop out (At that time, i had a gpa of 2.5) because i was working 40 hours and just didnt have the time to study. After 3.5 years of working full time, last year i went back to finish my degree. I am graduating in 2 weeks with a gpa close to 3.
I have been working in the financial services industry (Private Equity fund services- Middle Office Performance and Analytic). In the 4.5 years i have worked here, i have been promoted 3 times (1 year the company had a promotion freeze) from an Analyst to a Senior Mgr. I feel like i am getting to an age where i need to be sure what i want to do with my life. While i like what i do, im very complacent and want more. After taking Advanced Corporate finance course last semester (which i got an A in), i want to try and get into an IB or CF of a company. I see two options - either i get a CFA or go to a very good MBA school. What is the best option?
I took my gmat last year and got a 710. Ever since i came back to school, i have taken 7 upper level courses with 6As and 1 A-. Realistically what are my chances of getting into a top 15/20 school. I have heard that spending thousands of dollars and going to a decent school isnt worth it. If a top 20 school isnt possible, would a CFA help? I am confused and was wondering what some of you guys think?
CFA will not really help you break into IB or CF. It is more for asset management.
For the fields you're looking at, MBA will be helpful. I have a not dissimilar job to yours with a little better GPA and GMAT. Although I didn't have quite the cycle I was looking for, I did get interviews at a range of top 20 schools, so you are certainly in range for that level and those schools will help you transition to your desired fields. While it is expensive, you're probably stuck in the middle office without it.
Re: CFA vs Top 20 MBA
24 Apr 2012, 19:41